Get Form It-203-s-att: 2001, Attachment To Form It-203-s, It203satt - Tax Ny

This guide provides a clear and supportive overview for users tasked with completing the Form IT-203-S-ATT: 2001, which is an attachment to Form IT-203-S for nonresident shareholders. By following these step-by-step instructions, you will be able to correctly fill out the required fields and ensure compliance with New York State tax regulations.

Follow the steps to successfully complete the IT-203-S-ATT form online.

1. Press the 'Get Form' button to access and open the Form IT-203-S-ATT in your preferred editor.
2. In the first section, enter the legal name of the S corporation and its special New York State identification number to identify the entity.
3. For each nonresident shareholder, input their name and address in the corresponding columns labeled A and B.
4. Input the shareholder's social security number in column C. If there are multiple shareholders, list them in alphabetical order or by social security number.
5. Record the shareholder's pro rata share of federal business income in column D. Proceed to detail the amount of this income allocated to New York State in column E.
6. Document the shareholder's pro rata share of federal investment income in column F and the corresponding allocation to New York State in column G.
7. Add the totals from columns D and F into column H to reflect the cumulative amounts for New York State.
8. Calculate the net amount of New York additions and subtractions and enter this in column J.
9. In the totals section, sum up the relevant amounts from your attachments and input the grand totals on one attachment sheet.
10. Complete the final calculations to derive the New York taxable income in column K by subtracting column I from column G and factoring in column J.
11. Calculate the New York State tax owed by multiplying the amount in column K by the tax rate indicated (e.g., .0685), and determine any estimated tax payments in column M.
12. Review the balance due or overpayment sections, ensuring all calculations are accurate before finalizing.
13. Once all fields are filled out, you can save your changes, download the form, print it for your records, or share it according to your needs.

Complete your form online today to ensure timely and accurate submission.