Submitted by UCS on September 18, 2024

Important Update: NYS Franchise Tax Search Changes and What It Means for You

In a recent update shared by the NYS Franchise Tax Search Unit, effective August 15, 2024, UCS will no longer process New York State (NYS) Franchise Tax searches. This significant change impacts how businesses will access critical tax information moving forward.

To ensure our clients are well-informed and able to navigate these changes effectively, here’s everything you need to know about the new process for obtaining corporation tax information.

What Has Changed?

As of August 15, 2024, UCS will no longer process requests for NYS Franchise Tax searches. Instead, businesses will now be required to access their own corporation tax information directly through New York’s Business Online Services account. This self-service method provides access to key details such as return filings, outstanding assessments, and other important corporation tax data.

How to Access Your Corporation Tax Information

To help you navigate this transition smoothly, follow these step-by-step instructions:

1. Log in to Your Business Online Services Account:
   • Visit the NYS Online Services page and log in to your business account.
2. View Your Consolidated Statement of Tax Liabilities:
   • Once logged in, select the ≡ Services menu in the upper-left corner of the Account Summary homepage.
   • Choose “Payments, bills, and notices,” then select “View and print your statement” from the expanded menu.
   • At the bottom of the Consolidated Statement page, select “Print” to obtain a physical copy of your liabilities.
3. Review Your Account for Outstanding Returns:
   • Scroll down to the “Filings and payments” section of your Account Summary homepage and select “Corporation tax.”
   • Review each tax year to ensure all returns have been filed for every filing period displayed.
   • If any returns are missing, a status message will alert you. Be sure to print each liability period page for your records.

For further guidance, you can watch the step-by-step demo provided by NYS, which walks you through the entire process.

Search for Open Tax Warrants

In addition to managing your tax information, you can also review open tax warrants in New York State using the Tax Warrants Search Tool. This lookup tool does not require an account and can be accessed here.

What Does This Mean for UCS Clients?

While UCS will no longer manage NYS Franchise Tax searches, we are committed to ensuring that our clients have the resources and guidance needed to manage these tasks effectively. Our team is here to assist you with any questions or concerns you may have during this transition. We encourage you to leverage the tools provided by NYS to stay on top of your corporation tax responsibilities.

If you’d like assistance in implementing these changes on your website or need help drafting a section that outlines this update for your clients, please don’t hesitate to reach out to us. We are here to help you make this transition as smooth as possible.

Stay informed and proactive in managing your corporation tax needs!

For any further questions or support, feel free to contact one of our Client Services Representatives at info@unitedcorporate.com.

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