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Form Ct-222.1 - Election To Use Different Annualization Periods For Corporate Estimated Tax - 2012 Page 2

Page 2 of 2 CT-222.1 (2012)

Instructions

Purpose of the form

Use Form CT-222.1 to select one of the two options that can

be elected under Tax Law section 1085(d)(3) to compute the

corporation’s estimated tax under the annualized income

installment method. You may use a single form to make

the election for more than one type of return (for example,

Forms CT-3, General Business Corporation Franchise Tax

Return, and CT-3M/4M, General Business Corporation MTA

Surcharge Return). However, the due date of the election for

each return may be different. If so, a separate Form CT-222.1 is

required.

Who can elect

Any corporation using the annualized income installment

method to compute its estimated tax may elect either option 1

or option 2 by filing Form CT-222.1. If you use the standard

option, do not file Form CT-222.1.

When and where to file

File Form CT-222.1 annually to elect option 1 or option 2, even

if you select the same election each year. File Form CT-222.1

by the due date of your declaration of estimated tax for which

the election is to apply. For information concerning declarations

of estimated tax, including due dates, see Form CT-400-I,

Instructions for Form CT-400. (Note: Form CT-400 is to be

e-filed, so only Form CT-222.1 should be mailed to the address

below.) The election applies only to the tax year for which it is

made. Once the election is made it cannot be revoked for that

tax year.

Mail the completed election to:

NYS ESTIMATED CORPORATION TAX

PO BOX 4136

BINGHAMTON NY 13902-4136

Private delivery services

See Publication 55, Designated Private Delivery Services.

Signature

The election must be certified by the president, vice president,

treasurer, assistant treasurer, chief accounting officer, or other

officer authorized by the taxpayer corporation.

The election of an association, publicly traded partnership, or

business conducted by a trustee or trustees must be signed by

a person authorized to act for the association, publicly traded

partnership, or business.

If an outside individual or firm prepared the election, all

applicable entries in the paid preparer section must be

completed, including identification numbers (see Paid preparer

identification numbers in Form CT-1). Failure to sign the election

will delay the processing of any refunds and may result in

penalties.

Need help? and Privacy notification

See Form CT-1, Supplement to Corporation Tax Instructions.

532002120094

Form Ct-222.1 - Election To Use Different Annualization Periods For Corporate Estimated Tax - 2012 Page 2

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