itonewbie
Level 15
12-06-2019
04:25 PM
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NYC does not recognize S corp, which means there would be double taxation if the shareholder is a NYC resident:
http://www1.nyc.gov/site/finance/taxes/business-general-corporation-tax-gct.page
You may also find a somewhat dated discussion thread helpful:
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Still an AllStar
Still an AllStar
