If you meet the definition of a small business, or are a member, partner, or shareholder of an LLC, partnership or S corporation in New York State, you may be entitled to a NYS deduction equal to 15 percent of the net items of income, gain, loss, and deduction attributable to that business.
If you need an extension of time to file, you may request an automatic extension by the due date of Form IT-204. To apply for an automatic extension of time to file Form IT-204, visit .tax.ny (search: extension).
To report any New York additions and subtractions to federal adjusted gross income that do not have their own line on your return, complete Form IT-225 and submit it with your return.
Does the State of NY allow IRS §911, the Foreign Earned Income Exclusion or Foreign Tax Credits? Yes, the State of NY allows you to exclude your foreign earned income if you meet the requirements on your Federal tax return.
Every employee must complete two withholding forms: For federal taxes: the W-4 Employee's Withholding Certificate form filed with the Internal Revenue Service. For NYS/NYC/Yonkers taxes: the IT-2104 Employee's Withholding Allowance Certificate form filed with the NY State Department of Taxation and Finance.
Pass Through Entity Tax Return Only NYC resident individual partners are included. Taxes are reported with code B53 on NYS Form IT-204 (lines 144a-f) and IT-204-IP (lines 47a-f), Other flow-through credit bases and information.
The NYC-3L form is essential for S corporations to file their General Corporation Tax returns. This document guides users through the filing process for the tax year 2015 and beyond. It provides necessary information regarding qualifications, payments, and filing requirements. Get NYC-3L Instructions Form.