CT-184: Transportation and Transmission Corporation Franchise Tax Return on Gross Earnings. (2024)
New York · NY DTF · Used for tax years 2024
Form CT-184 is New York’s Transportation and Transmission Corporation Franchise Tax Return on Gross Earnings for 2024. It reports gross earnings allocated to New York State and calculates tax, credits, prepayments, and any balance due or overpayment, including tax on certain rail
Who files this form
Form CT-184 is the Transportation and Transmission Corporation Franchise Tax Return on Gross Earnings under New York Tax Law, Article 9, Section 184. This version covers calendar year 2024.
The form says you must also file Form CT-183, the return on capital stock.
If the corporation does business, employs capital, owns or leases property, or maintains an office in the Metropolitan Commuter Transportation District, it must also file Form CT-184-M. The supplied text does not give fuller eligibility rules for CT-184.
When it's due
- March 15, 2024: Schedule F of the 2024 return lists this as the due date for the mandatory first installment from Form CT-300.
The supplied form does not state the filing deadline for the 2024 CT-184 return.
What you'll need
- A copy of your federal return: The form requires you to attach it. Schedule D also asks for total gross receipts from the federal return.
- Corporation information: EIN, file number, legal name, mailing address, incorporation details, NAICS business code, and New York principal business activity.
- Earnings and allocation records: The schedules ask for receipts by business activity and source, with mileage, revenue, or property information where applicable.
- Prepayment records: Schedule F lists installments from Forms CT-300 and CT-400, an extension payment from Form CT-5.9, and overpayments credited from the prior year or Form CT-184-M.
- Tax credit forms, if claiming credits: Mark the applicable boxes and attach the forms.
- Public Service Commission report, if applicable: Schedule C requires the report filed with the New York State Public Service Commission when using the accounting rule method for interstate and foreign revenue allocation.
Common mistakes
Keep these printed reminders in mind:
- Attach a copy of your federal return, and also file Form CT-183.
- File Form CT-184-M if you answer yes to the Metropolitan Commuter Transportation District activity question.
- Mark the overpayment box if you claim an overpayment.
- Make your payment payable to New York State Corporation Tax, attach it in the designated space, and detach all check stubs.
- Mark the applicable tax credit boxes and attach the credit forms.
- In Schedule C's formula rule method, include only property used in interstate transmission, foreign transmission, or both.
Questions people ask
What tax rate is printed for gross earnings?
Line 2 lists a rate of .00375. Line 3 tells you to multiply gross earnings on line 1 by that rate.
How do I calculate the mileage allocation percentage?
Schedule A tells you to divide New York State revenue miles by revenue miles everywhere and express the result as a percentage. Enter it on the appropriate line of Schedule D.
Can I request a refund or credit an overpayment?
The form has lines for crediting an overpayment to the next period, crediting it to Form CT-184-M, and requesting a refund of the remaining overpayment.
Do I need to report past IRS audits?
The form asks whether the corporation has been audited by the IRS in the past five years. If yes, list the years.
Who completes Schedule E for railroad dividends?
Schedule E says to complete it if the corporation is a railroad not operated by steam whose property is leased to another railroad. Use the calendar year covered by the return.