Get Ny It-203-s 2024-2026

The NY IT-203-S form is designed for New York S corporations to file a group return for their nonresident shareholders. This guide will provide clear, step-by-step instructions on how to complete this form online.

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

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. Begin by entering the legal name of the corporation in the designated field. If the business operates under a trade name that differs from the legal name, include that in the corresponding section.
3. Fill in the special NYS identification number and the employer identification number (EIN), which are crucial for processing the return.
4. Provide the complete address of the business, including the number and street, city, state, and ZIP code.
5. Indicate the date the business started and the country where it is located.
6. If applicable, mark the box indicating if this is a final return and enter the date the business ceased to exist.
7. Input the total number of nonresident shareholders participating in this group return.
8. Before entering figures for taxable income, tax, and estimated tax, complete the Form IT-203-S-ATT since these entries depend on that form.
9. Enter the New York State taxable income from Form IT-203-S-ATT, ensuring accuracy in the total reported.
10. Fill in the New York State tax owed, also derived from the associated Form IT-203-S-ATT.
11. Log any estimated income tax paid alongside any amount remitted with Form IT-370.
12. Calculate the balance due if applicable. If the tax owed exceeds the estimated payments, subtract the latter from the former.
13. Alternatively, input any overpayment amount if the estimated payments surpass the tax owed.
14. Complete sections for the paid preparer and group agent, ensuring all necessary signatures are included.
15. Once all information is filled out, users can save changes, download, print, or share the completed form.

Complete your NY IT-203-S form online today to ensure timely processing of your group return.