Instructions for Form CT-186 Utility Corporation Franchise Tax Return for Continuing Section 186 Taxpayers Only (Certain Independent Power Producers) - New York

Form CT-186 Utility Corporation Franchise Tax Return for Continuing Section 186 Taxpayers Only (Certain Independent Power Producers) - New York

This document contains official instructions for Form CT-186 , Utility Corporation Franchise Tax Return for Continuing Section 186 Taxpayers Only (Certain Independent Power Producers) - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form CT-186 is available for download through this link.

FAQ

Q: What is Form CT-186?A: Form CT-186 is a tax return form for utility corporations that are continuing Section 186 taxpayers, specifically certain independent power producers in New York.

Q: Who needs to file Form CT-186?A: Utility corporations that are continuing Section 186 taxpayers, specifically certain independent power producers in New York, need to file Form CT-186.

Q: What is the purpose of Form CT-186?A: The purpose of Form CT-186 is to report and calculate the franchise tax liability for utility corporations that fall under the applicable criteria.

Q: When is Form CT-186 due?A: Form CT-186 is due on or before the 15th day of the fourth month following the close of the tax year.

Q: Is there a penalty for filing Form CT-186 late?A: Yes, there may be penalties for filing Form CT-186 late. It is important to file the form on or before the due date to avoid penalties.

Q: Are there any specific instructions for completing Form CT-186?A: Yes, the instructions for completing Form CT-186 can be found in the official instructions provided by the New York State Department of Taxation and Finance.

Q: Is Form CT-186 specific to any particular industry?A: Form CT-186 is specifically for utility corporations that are continuing Section 186 taxpayers, particularly independent power producers in New York.