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Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 355
Experience:  Former IRS Revenue Agent
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WHAT IS CONSIDERED SMALL BUSINESS SUCH AS CORPORATION IS

Customer Question

WHAT IS CONSIDERED SMALL BUSINESS SUCH AS CORPORATION IS DEFINED IN 210.1(F)
Submitted: 2 months ago.
Category: Tax
Expert:  Dr. Fiona Chen replied 2 months ago.

Dear Customer,

Qualified small business taxpayers:

Business income base of $290,000 or less

Business income base of more than $290,000 but not more than $390,000

Please also consult with the references below and see whether these pieces of information are what you are looking.

Regards,

Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP

https://www.tax.ny.gov/bus/ct/def_art9a.htm

https://www.tax.ny.gov/pdf/memos/corporation/m15_1c.pdf

https://www.tax.ny.gov/bus/ct/corp_tax_reform_faqs.htm