Unincorporated Business Tax

The following do not have to file or pay UBT: 

• Individuals performing services as an employee.
• An owner (either a person or a company), a lessee or a fiduciary who is selling, purchasing, holding or managing their own real property or other type of property. An example is someone renting their two-family home.
• Entities engaged primarily with qualifying investment activities are partially exempt from UBT on the income.
• Associations and publicly traded partnerships treated as corporations and "S" corporations (They must pay the General Corporation tax.)

Unincorporated Business Tax Return for Partnerships (including Limited Liability Companies)

Taxpayers who own partnerships should use one of the following forms to file this tax.

• NYC-204
• NYC-204EZ

Unincorporated Business Tax Return (for Individuals, Single-Member LLCs)

Taxpayers who do not own partnerships should use one of the following forms to file this tax.

• NYC-202
• NYC-202S 

Get UBT forms.

You can file the forms and pay online through Business Tax e-Services or send the documents and payment by mail.

Estimated payments are due on the 15th of the month after the close of the quarter. If a due date falls on a Saturday, Sunday or a legal holiday, the deadline is the next business day.

Annual filings are due three and a half months after the close of the tax year.

You can request an extension of filing time, but not an extension of time to pay.

Extensions can be filed online through e-Services or by mail.

Online

Access Business Tax e-Services.

Mail

To request a filing extension by mail, you must complete the extension request form.

Download the extension request form.

Mailed extension requests should be sent to the address on the form.

If you don't file your return or pay the tax by the due date, you will be charged interest.

From January 1, 2022 to March 31, 2022, the current interest rates are:

• 7.5% for underpayments
• 2% for overpayments

You must file for a refund within three years of when the return was filed or two years of when the tax was filed and paid, whichever is later. If no return was filed, you must file within two years from the time the tax was paid. If you were granted a filing extension, your refund claim must be made within six months after the extension has ended.

Refunds can be requested by filing an amended return. If the refund is based on changes made by the IRS or New York State, use Form NYC-115.

The Department of Finance has 90 days from the due date, extended due date, or filing date (whichever is later) to issue a refund without interest.

Learn more and get forms for business tax overpayment refunds.

You can get answers to questions about the tax or help with filing and paying.

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