Instructions for Form CT-13 Unrelated Business Income Tax Return - New York

Form CT-13 Unrelated Business Income Tax Return - New York

This document contains official instructions for Form CT-13 , Unrelated Business Income Tax Return - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form CT-13 is available for download through this link.

FAQ

Q: What is Form CT-13?
A: Form CT-13 is the Unrelated Business Income Tax Return.

Q: Who should file Form CT-13?
A: Any organization exempt from federal income tax that is subject to the unrelated business income tax in New York should file Form CT-13.

Q: What is unrelated business income?
A: Unrelated business income refers to income generated by a tax-exempt organization from activities that are not related to its exempt purpose.

Q: When is the deadline to file Form CT-13?
A: Form CT-13 must be filed by the 15th day of the 5th month after the close of the organization's fiscal year.

Q: Are there any penalties for late filing?
A: Yes, late filing may result in penalties and interest charges. It is important to file Form CT-13 on time to avoid these penalties.

Q: Is Form CT-13 the same as Form 990?
A: No, Form CT-13 is specific to New York and is used to report unrelated business income. Form 990 is the federal form used by tax-exempt organizations to report their financial information.

Q: What should I include with Form CT-13?
A: You should include any required schedules and attachments, as well as any necessary documentation supporting the amounts reported on the form.