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Fillable Nyc Commercial Rents Tax Return Form in PDF

The NYC Commercial Rents Tax Return form is a document required for businesses renting commercial space in New York City. This form allows taxpayers to report their annual commercial rent and calculate any taxes due. Completing this form accurately is essential for compliance and to avoid potential penalties.

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Fillable Nyc Commercial Rents Tax Return Form in PDF

Article Guide

The NYC Commercial Rents Tax Return form, also known as Form CR-A, serves as a critical document for businesses operating within New York City that are subject to commercial rent taxation. This form is specifically applicable for the tax period spanning June 1, 2020, to May 31, 2021. It requires essential information such as the firm’s Employer Identification Number (EIN), the preparer's contact details, and the business's physical address. Taxpayers must indicate their business entity type, whether it be a corporation, partnership, or individual estate, and can also specify if this is an initial or final return. The form meticulously outlines the computation of tax based on the total rent paid, allowing for deductions and credits, including those for small businesses. Notably, it provides sections for reporting the total number of premises and subtenants, as well as spaces to detail any rent reductions applicable during the tax period. Furthermore, the certification section emphasizes the importance of accuracy, requiring the taxpayer's signature to attest to the completeness and correctness of the information provided. Understanding the nuances of this form is essential for compliance and to ensure that businesses can take advantage of available tax credits and deductions.

Preview - Nyc Commercial Rents Tax Return Form

● Firm's Employer Identification Number

● Preparer's Telephone Number

Preparer's Social Security Number or PTIN

*20012291*

	CR-A	NEW YORK CITY DEPARTMENT OF FINANCE
	A N N U A L	COMMERCIAL RENT TAX RETURN
	2021/22	ApplicableforthetaxperiodJune1,2021toMay31,2022ONLY
nyc.gov/finance	2021/22	ApplicableforthetaxperiodJune1,2021toMay31,2022ONLY

	Name:	Employer Identification Number
	ChangeName	■
	Address (number and street):	OR
	Address (number and street):	Social Security Number
	ChangeAddress	Social Security Number
	ChangeAddress	■

City and State:	Zip:	Country (if not US):		Federal Business Code
				Federal Business Code


Business Telephone Number:	Taxpayer’s Email Address:		Special Condition Code		■■
			Special Condition Code		■■
			Amended Return		■

REPORT FULL YEAR’S RENT OR THE ANNUALIZED RENT IF LESS THAN FULL YEAR ON THIS RETURN. COMPLETE PAGES 2 AND 3 FIRST.

CHECK (✓)THE TYPE OF BUSINESS ENTITY:

● ■Corporation

● ■ Partnership

● ■ Individual, estate or trust

CHECK (✓)IF APPLICABLE:

■Initial return - Date business began:

■■-■■-■■■■

● ■Final return - Date business discontinued:

COMPUTATION OF TAX

■■-■■-■■■■

											▼ Payment ▼
A. Payment -		Amount being paid electronically with this return					A.	●
LINE		RATE		NO. OF PREMISES	TOTAL		TAX				TAX DUE:
LINE		CLASS		FOR EACH RATE CLASS	BASE RENT		RATE			TOTAL BASE RENT X TAX RATE
	$0 to $249,999		(from line 13 on pg. 2 or			.00	0%		1.	0		0 0
● 1.	$0 to $249,999		supplemental spreadsheet)			.00	0%		1.	0		0 0

	$250,000 and over		(from line 14 on pg. 2 or			.00	6%	●	2.
● 2.	$250,000 and over		supplemental spreadsheet)			.00	6%	●	2.
3.	Tax Credit (from pg. 2, line 16 or supplemental spreadsheet) (see instructions)							●	3.
3.
4.	Small Business Tax Credit (from pg. 2, line 17, or supplemental spreadsheet) (see instructions)							●	4.
4.
5.	Total Credits (add lines 3 and line 4)							●	5.
5.	Total Credits (add lines 3 and line 4)								5.
6.	Total Tax DueAfter Tax Credit(line 2 minus line 5)							●	6.
6.	Total Tax DueAfter Tax Credit(line 2 minus line 5)
7.	Deduct total quarterly payments							●	7.
7.	Deduct total quarterly payments
8.	Balance Due (if line 7 is less than line 6)							●	8.
8.	Balance Due (if line 7 is less than line 6)			.........................................................................................
9.	Add interest and penalties (See instructions)							●	9.
9.	Add interest and penalties (See instructions)
10.	Overpayment (if line 7 is greater than the sum of line 6 and line 9)					REFUND ☞		● 10.

11.	Total Remittance Due (Add line 8 and line 9) (see instr.) Enter payment amount on lineA, above..							● 11.
12.	Total number of Subtenants							●	12.
12.	Total number of Subtenants

13.If you are a member of a NYC combined group, enter the EIN of the designated agent or reporting corporation filing the business income tax return .............................

CERTIFICATION

I hereby certify that this return, including any accompanying schedules, has been examined by me and is, to the best of my knowledge and belief, true, correct and complete. I also request a refund of the amount of any overpayment of the tax shown on line 8, if any, as is attributable to the inclusion in base rent reported on line 2 of page 1 of this return of NYC Real Property Tax escalations for which, and at such time as, the taxpayer receives a credit or refund from the lessor of taxable premises covered by this re- turn and I agree to submit such information as is necessary to establish the amount of such overpayment.

I authorize the Dept. of Finance to discuss the processing of this return with the preparer listed below: (see instructions) YES ■

HERESIGN	Signature
	→ of officer

Preparer's PREPARER'S signature:

USE →

ONLY

	Title	Date
Preparer’s
printed name:		Date

Check if self-employed: ■

▲ Firm's name

▲ Address

▲ Zip Code

Make remittance payable to the order of: NYC DEPARTMENT OF FINANCE Payment must be made in U.S. dollars, drawn on a U.S. bank.

Toreceivepropercredit,youmustenteryourcorrectEmployerIdentificationNumberorSocialSecurityNumberandyourAccountIDnumberonyourtaxreturnandremittance.

RETURNS (FORM ONLY)

NYC DEPARTMENT OF FINANCE

P.O. BOX 5564

BINGHAMTON, NY 13902-5564

REMITTANCES

PAY ONLINE WITH FORM NYC-200V AT NYC.GOV/FINANCE

Mail Payment and Form NYC-200V ONLY to:

NYC DEPARTMENT OF FINANCE

P.O. BOX 3933, NEW YORK, NY 10008-3933

RETURNS CLAIMING REFUNDS (FORM ONLY)

NYC DEPARTMENT OF FINANCE

P.O. BOX 5563

BINGHAMTON, NY 13902-5563

DID YOUR MAILING ADDRESS CHANGE? If so, please visit us at nyc.gov/finance and click “Update Name and Address” in the blue “Business Taxes” box. This will bring you to the “Business Taxes Change of Name, Address or Account Information”. Update as required.

20012291

Form CR-A for the tax period June 1, 2021 to May 31, 2022 ONLY

Page 2

YOU MAY FILE ELECTRONICALLY AT NYC.GOV/ESERVICES. IF YOU ARE FILING ON PAPER, USE THIS PAGE IF YOU HAVE THREE OR LESS PREM- ISES/SUBTENANTS OR MAKE COPIES OF THIS PAGE IF YOU HAVE ADDITIONAL PREMISES/SUBTENANTS. IF YOU CHOOSE TO USE A SPREADSHEET, YOU MUST USE THE CRA.FINANCE SUPPLEMENTAL SPREADSHEET WHICH YOU CAN DOWNLOAD FROM OUR WEBSITE AT WWW.NYC.GOV/CRTINFO.

EACH LINE MUST BE ACCURATELY COMPLETED. YOUR DEDUCTION WILL BE DISALLOWED IF INACCURATE INFORMATION IS SUBMITTED.

LINE		DESCRIPTION	PREMISES 1		PREMISES 2		PREMISES 3
● 1a.	Street Address ................................................................ 1a.
1b.	Zip Code ..........................................................................1b.		________________________________________________________________________________________
1c/d. Block and Lot Number ...............................................1c/1d. ________________________________________________________________________________________
			1c. BLOCK	1d. LOT	1c. BLOCK	1d. LOT	1c. BLOCK	1d. LOT

● 2.	Gross Rent Paid (see instructions)	2.	________________________________________________________________________________________
3.	Rent Applied to Residential Use	3.	________________________________________________________________________________________
4a1.	SUBTENANT'S NameifPartnershiporCorporation
	(if more than one subtenant, see instructions)	4a1.	________________________________________________________________________________________

●4a2. Employer Identification Number (EIN) for

	partnerships or corporations	4a2.	● EIN ________________________ ● EIN ________________________ ● EIN _______________________
4b1.	SUBTENANT'S NameifIndividual	4b1.	________________________________________________________________________________________
4b2.	Social Security Number (SSN) for individuals	4b2.	● SSN _______________________ ● SSN _______________________ ● SSN _______________________
4c.	RentreceivedfromSUBTENANT
	(if more than one subtenant, see instructions)	4c.	___________________________________________________________________________________________________
4d1.	Is this rent paid for a period less than 12 months? ..	4d1.	YES ■	NO ■	YES ■	NO ■	YES ■	NO ■
4d2.	If YES, how many months?	4d2.	Total number of months:_______________		Total number of months:_______________		Total number of months:_______________
5a.	Other Deductions (attach schedule)	5a.	________________________________________________________________________________________
5b.	Commercial Revitalization Program
	special reduction (see instructions)	5b.	________________________________________________________________________________________
6.	Total Deductions (add lines 3, 4c, 5a and 5b)	6.	________________________________________________________________________________________

7.Base Rent Before Rent Reduction (line 2 minus line 6)...7. ________________________________________________________________________________________

4If the line 7 amount represents rent for less than the full year, proceed to line 10, or

NOTE 4If the line 7 amount plus the line 5b amount is $249,999 or less and represents rent for a full year, transfer line 9 to line 13, or 4If the line 7 amount plus the line 5b amount is $250,000 or more and represents rent for a full year, transfer line 9 to line 14

8.	35% Rent Reduction (35% X line 7)	8.	________________________________________________________________________________________
9.	Base Rent Subject to Tax (line 7 minus line 8)	9.	________________________________________________________________________________________

	COMPLETE LINES 10 THROUGH 12 ONLY IF YOU RENTED PREMISES FOR LESS THAN THE FULL YEAR
10.	Tenants whose rent is not paid on a monthly basis, check box		■		■		■
	and see instructions. Others complete lines 10a through12. ...	10.	__________________________________________________________________________________________
10a.	Number of Months at Premises during the tax period		10a. # of months	10b. From:	10a. # of months	10b. From:	10a. # of months	10b. From:
				10c. To:		10c. To:		10c. To:
				_________________________________________________________________________________________________________________

11.Monthly Base Rent before rent reduction

(line 7 plus line 5b divided by line 10a)

11. ________________________________________________________________________________________

12.Annualized Base Rent before rent reduction

(line 11 X 12 months or line 4 from worksheet on page 3) .12. ________________________________________________________________________________________

■If the line 12 amount is $249,999 or less, transfer the line 9 amount (not the line 12 amount) to line 13

■If the line 12 amount is $250,000 or more, transfer the line 9 amount (not the line 12 amount) to line 14

*20022291*

	RATE CLASS		TAX RATE		TRANSFER THE AMOUNTS FROM LINES 13 THROUGH 16 TO THE CORRESPONDING LINES ON PAGE 1

13.($0 - 249,999) .........0%.......13.________________________________________________________________________________________

14.($250,000 or more)... 6%.......14.________________________________________________________________________________________

15.Tax Due before credit

(line 14 multiplied by 6%) ........15.________________________________________________________________________________________

16.Tax Credit (see worksheet below) .16.________________________________________________________________________________________

17.Small Business Tax Credit (from pg. 3, or supplemental

spreadsheet) (see instructions)....17.________________________________________________________________________________________

Note: The tax credit only applies if line 7 plus line 5b (or line 12, if applicable) is at least $250,000, but is less than $300,000. All others enter zero.

		TAX CREDIT COMPUTATION WORKSHEET
	■ If the line 7 amount represents rent for the full 12 month period, your credit is calculated as follows:
	Amount on line 15	X ($300,000 minus the sum of lines 7 and 5b) = ___________________= your credit
		$50,000
	■ If the line 7 amount represents rent for less than the full 12 month period, your credit is calculated as follows:
20022291	Amount on line 15	X ($300,000 minus line 12) = ___________________ = your credit
	Amount on line 15
		$50,000

Form CR-A for the tax period June 1, 2021 to May 31, 2022 ONLY

Page 3

IF YOU ARE FILING ON PAPER, USE THIS PAGE IF YOU HAVE THREE OR LESS PREMISES OR MAKE COPIES IF YOU HAVE ADDITIONAL PREMISES. IF YOU CHOOSE TO USE A SPREADSHEET, YOU MUST USE THE SUPPLEMENTAL SMALL BUSI- NESS TAX CREDIT WORKSHEET WHICH YOU CAN DOWNLOAD FROM OUR WEBSITE AT WWW.NYC.GOV/CRTINFO.

TO QUALIFY FOR SMALL BUSINESS TAX CREDIT

A. Is your "total income" as defined by Ad. Code Section 11-704.4(a) less than $10,000,000?	■ YES	■ NO
If your answer to Question A is NO, you are not eligible for this credit.

B. Is your "Base Rent Before Rent Reduction" (page 2, line 7) for any premises at least $250,000 but less than $550,000?...... ■ YES ■ NO

If the answer to this Question is NO for any of the premises, you are not eligible for this credit for those premises whose Base Rent

BeforeReductioniseitherlessthan$250,000 orequaltoorgreaterthan$550,000 andyoushouldnotcompletethisworksheetforthosepremises.

INCOME FACTOR CALCULATIONS - Complete either lines 1a and 1b OR lines 2a and 2b

1a. Enter amount of total income, if total income is $5,000,000 or less (see instructions)

1a.

______________________________________

1b. Income factor (see instructions)

1b.

______________________________________

2a. Enter amount of total income if total income is more than $5,000,000

but less than $10,000,000 (see instructions)

2a.

______________________________________

2b. If total income is more than $5,000,000 but less than $10,000,000:

Income Factor is (10,000,000 - line 2a) / 5,000,000

2b.

______________________________________

RENT FACTOR CALCULATIONS - Complete either lines 3a and 3b OR lines 4a and 4b

3a. Enter amount of base rent, if base

PREMISES

rent from Page 2, line 7 is less

than $500,000

3a.

_________________________________________________________________________________________

3b. Rent factor (see instructions)

3b.

_________________________________________________________________________________________

4a. Enter amount of base rent if base rent

from Page 2, line 7 is at least

$500,000 but less than $550,000

(see instructions)

4a.

_________________________________________________________________________________________

4b. If base rent from Page 2, line 7 is at least

$500,000 but less than $550,000:

Rent Factor is ($550,000 - line 4a) / 50,000

4b.

_________________________________________________________________________________________

CREDIT CALCULATION

5a. Page 2, line 15 (Tax at 6%)

5a.

_________________________________________________________________________________________

5b. Page 2, line 16 (Tax Credit from Tax

Credit Computation Worksheet on Page 2)

5b.

_________________________________________________________________________________________

5c. (line 5a - line 5b) X (line 1b or 2b) X (line 3b or 4b).

Enter here and on Page 2, line 17

5c.

_________________________________________________________________________________________

WORKSHEET FOR TENANTS WHO PAY RENT FOR A PERIOD OTHER THAN ONE MONTH

To determine the annualized rent, divide the rent paid during the tax period by the number of days for which the rent was paid and multiply

the result by the number of days in the tax year. Enter the result on line 4 here and on Form NYC-CRA, Page 2, line 12.

PREMISES

*20032291*

1. Amount of rent paid

for the period ................... 1.

_____________________________________________________________________________________

2. Number of days in the

rental period for which

rent was paid................... 2.

_____________________________________________________________________________________

3. Rent per day (divide

line 1 by line 2. Round to

the nearest whole dollar). 3.

_____________________________________________________________________________________

4. Annualized rent (multiply

rent per day, line 3

by 365. In case of a leap

year, multiply by 366.

Round to the nearest

whole dollar).................... 4.

_____________________________________________________________________________________

20032291

CR-A 2021/22

Get Nyc Commercial Rents Tax Return PDF Form

Form Characteristics

Fact Name	Fact Description
Form Purpose	The NYC Commercial Rents Tax Return form is used to report and pay the commercial rent tax for businesses operating in New York City.
Applicable Tax Period	This form is specifically applicable for the tax period from June 1, 2020, to May 31, 2021.
Business Entity Types	Taxpayers must indicate their business entity type, which can be a corporation, partnership, or individual, estate, or trust.
Tax Rates	The tax rate for base rents up to $249,999 is 0%, while rents of $250,000 and above are taxed at 6%.
Tax Credits	Taxpayers may be eligible for credits, such as the Small Business Tax Credit, which is available under specific income and rent conditions.
Payment Instructions	Payments can be made electronically or by mail, with specific addresses provided for different types of submissions.
Certification Requirement	The form requires a certification by the taxpayer, affirming the accuracy of the information provided and requesting any applicable refunds.
Filing Options	Taxpayers can file electronically through the NYC Department of Finance website or submit a paper form if they have three or fewer premises.
Governing Law	The NYC Commercial Rents Tax is governed by the New York City Administrative Code, specifically Section 11-704.

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