CT-33-A/B: Subsidiary Detail Spreadsheet (2024)
New York · NY DTF · Used for tax years 2024
Form CT-33-A/B is a subsidiary detail spreadsheet attached to New York Form CT-33-A, Life Insurance Corporation Combined Franchise Tax Return. It reports subsidiaries’ individual computations for allocation percentages, subsidiary capital, business and investment capital, entire
Who files this form
A parent corporation filing a combined return that includes more than one subsidiary must use Form CT-33-A/B to show each subsidiary’s individual computations.
If the combined return includes only one subsidiary, this form is not required.
The corporation responsible for filing Form CT-33-A is the parent. The other corporations included in the combined return are the subsidiaries.
What you'll need
Have the parent’s and each subsidiary’s legal name and employer identification number (EIN) available, along with the subsidiary amounts requested for premiums, payroll, assets, liabilities, capital, income, and officer compensation.
The form references these supporting documents and forms for the relevant lines:
- The annual statement for nonadmitted asset values.
- The federal return for specified income, deduction, tax, and lease amounts.
- Form CT-33-A/ATT, Schedule D, line 10, for certain property gains or losses, and Schedule E, line 11, for officer compensation.
- Form CT-399 for federal and allowable New York depreciation.
- Form CT-225-A for other additions and subtractions.
- Form CT-33-A-I for detailed line instructions.
Attach the lists requested on lines 66, 69, 70, 76, 77, 78, and 95 for the items reported on those lines.
How to file
File all Forms CT-33-A/B with Form CT-33-A, Life Insurance Corporation Combined Franchise Tax Return.
- Enter the subsidiaries’ individual computations. Each Form CT-33-A/B accommodates six subsidiaries. Use additional forms as needed.
- Complete the Parent column on Form CT-33-A. Do not include the parent’s computations on Form CT-33-A/B.
- Enter the amounts from the Total column on the corresponding lines of Form CT-33-A, column B (Total subsidiaries).
- For line-by-line guidance, refer to the corresponding instructions in Form CT-33-A-I.
The supplied text does not state a mailing address or provide mail or e-file procedures.
Common mistakes
- Including the parent among the subsidiaries. The form says to report the parent in the Parent column of Form CT-33-A, not on Form CT-33-A/B.
- Overlooking omitted line numbers. Certain lines are intentionally left out because subsidiary information is not required for those lines.
- Using the usual allocation calculation when a percentage is zero without checking the instructions. Line 48 says to see the instructions if line 42 or line 46 is zero.
Questions people ask
Do I need this form for just one subsidiary?
No. The form is not required when only one subsidiary is included in the combined return.
How many subsidiaries fit on one form?
Each Form CT-33-A/B accommodates six subsidiaries. Use as many additional forms as necessary.
Where do the totals go?
Enter the Total column amounts on the corresponding lines of Form CT-33-A, column B (Total subsidiaries).
Where can I find detailed line instructions?
Refer to the corresponding line instructions in Form CT-33-A-I, Instructions for Forms CT-33-A, CT-33-A/ATT, and CT-33-A/B.