Get For Office Use Only New York State Department Of Taxation And Finance It-203-s Group Return For

Filling out the IT-203-S Group Return for Nonresident Shareholders of New York S Corporations can seem complex, but with the right guidance, you can complete it confidently. This guide will provide you with step-by-step instructions on how to fill out the form accurately and efficiently online.

Follow the steps to complete your IT-203-S Group Return online.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editing software.
2. Begin by entering the calendar year or fiscal year dates in the specified fields. Ensure accuracy to avoid processing delays.
3. Input the special NYS identification number in the provided section. This number is critical for identifying your business with the state.
4. Type the legal name of the S corporation, followed by the employer identification number. Double-check for correctness.
5. If applicable, enter the trade name of the business that differs from the legal name. This helps in clarifying your entity's identity.
6. Fill out the principal business activity and address of the business, including the city, state, and ZIP code.
7. Indicate the date when the business commenced operations. This should match your organization's records.
8. Complete Form IT-203-S-ATT before proceeding to fill out lines 1 through 5 of this return. Attach IT-203-S-ATT to the back of this return.
9. Transfer the New York State taxable income from Form IT-203-S-ATT, column K total to line 1 of the IT-203-S form.
10. On line 2, enter the New York State tax amount from Form IT-203-S-ATT, column L total.
11. For line 3, report the New York State estimated tax paid, as indicated on Form IT-203-S-ATT, column M total.
12. Calculate the balance due for line 4. If line 2 is greater than line 3, subtract line 3 from line 2. Remember not to send cash.
13. If line 3 exceeds line 2, input the amount overpaid that will be applied to the 2000 estimated tax on line 5.
14. Complete the preparer's section, including their signature, address, name of firm, and date. If self-employed, check the appropriate box.
15. In the group agent section, provide the necessary information, including name, telephone number, and employer identification number.
16. Finally, mail your completed return to: NEW YORK STATE INCOME TAX, W A HARRIMAN CAMPUS, ALBANY NY 12227. You may also save changes, download, print, or share the form as needed.

Start completing your IT-203-S Group Return online today to ensure timely submission.