NEW YORK STATE FACT SHEET

Transcription

1 NEW YORK STATE FACT SHEET State Packages 1040, 1120, 1120S, 1065, 1041, 706, and 990 Electronic Filing - Approved 01/14/2015 Corporation (CT-3, CT-4, CT-5 and CT-5.1) Approved 12/30/13 Corporation (CT-3S and CT-5.4) Approved 12/30/14 Partnership (IT-204 and IT-370-PF) Approved 03/02/15 Partnership (IT-204-LL) Approved 02/03/15 Fiduciary (Form type IT-205) Approved 1/30/2015 New York City Returns Individual (NYC-202, NYC-202S) Approved 12/22/14 Individual (NYC-EXT and NYC-1127) Approved 02/3/15 Corporation and Extension Approved 12/30/14 S Corporation and Extension Approved 12/30/14 Partnership (NYC-204, NYC-204EZ and NYC-EXT) Approved 12/22/14 Online Filing Individual City Packages New York City and Yonkers Individual Individual Fed/State and State-Only (IT-201, IT-203, IT-370, IT-214, IT-208 and IT-210) Offers most forms and schedules for the 1040 returns Amended returns (IT-201-X and IT-203-X) transfer data automatically if the current tax year is being calculated Metropolitan Commuter Transportation Mobility Tax (MTA-6, MTA-7, and MTA-9) Supports the annualized method and regular method of computing the underpayment penalty on Form IT Prepares estimates and extensions Generates worksheets from the New York, New York City, and Yonkers instructions to support detailed calculations Generates attachments for entries that require more space than what is allotted on New York, New York City, and Yonkers forms Power of Attorney (New York State and New York City) Special Calculations: Pension Income nontaxable to New York Minimal data entry Automatically calculated with or without a federal 1099-R Qualifying amount or percentage and received as a beneficiary indicator flow from federal 1099-R screen New York/City Earned Income Automatically calculates Form IT-215 if ineligible for Form IT-209 (when Form IT-209 is not being forced) For a Free Demo, Call Our Sales Department DRAKE SOFTWARE 235 EAST PALMER STREET FRANKLIN, NC FAX: SALES@DRAKESOFTWARE.COM DRAKESOFTWARE.COM

2 Special Calculations: Calculates IT-112-R based on the income and adjustments for each individual other state Limitation of Yonkers nonresident tax Part-year allocation of income (Allocation worksheet) Sales and Use tax calculation Itemized or standard deduction options Supports option to use either the standard or itemized deduction for New York (if the itemized deduction is taken on the federal return) If an election is not made, the program automatically uses the deduction that results in the lesser tax liability New York State and City Married Filing Separately household credit Combined New York City resident tax for full-year or part-year resident spouse New York City school tax credit - election to compute New York City tax as if the taxpayer and spouse were full-year residents for the entire tax year 529 College Savings Itemized deduction adjustments Partnership income adjustments carryover Order of applying nonrefundable credits and deferred credit allocation on Form IT-500 Preparer can indicate the order in which the program should apply nonrefundable credits College Tuition or Itemized Deduction Supports special allowance for dependent of another Child Dependent Care New York State and City Earned Income New York State Non-Custodial Earned Income Partnership LLC and LLP Filing Fee Payment Form Business Offer most forms and schedules for 1120, 1120S, 1065, and 1041 returns Metropolitan Commuter Transportation Mobility Tax (MTA-405, MTA-405-ATT, and MTA-409) Offer all forms and schedules for 706 and 990 returns Generates worksheets from the New York State and City instructions to support detailed calculations Generates attachments for entries that require more space than what is allotted on New York State and City form Prepares estimates and extensions Power of Attorney Electronic Filing Features A fully integrated e-file module for the 1040 package (IT-201, IT-203, and IT-370) A fully integrated e-file module for the 1120 package (CT-3, CT-4, CT-5, and CT-5.1) A fully integrated e-file module for the 1120S package (CT-3-S and CT-5.4) A fully integrated e-file module for New York City GCT (NYC-3L, NYC-4S, NYC-4SEZ, and NYC-EXT) A fully integrated e-file module for the 1065 package (IT-204, IT-204-LL and IT-370-PF) A fully integrated e-file module for New York City Partnership UBT (NYC-204, NYC-204EZ, and NYC-EXT) Returns can be e-filed using the Fed/State and State-Only transmitting methods e-file software identifies and corrects many errors that slow processing and delay refunds Extensive Notes/EF messages identify potential issues that may lead to a rejected return EF links that take you to data-entry errors that may lead to a rejected return W-2 Verification Code All EF forms supported (1040 package) Direct deposit available for paper- and e-filed returns (1040 package) Direct debit available for paper- and e-filed returns (1040 package) Direct debit available for e-filed returns (1120, 1120S and 1065 packages) All scannable forms are supported

3 Individual IT NYS Resident Against Separate Tax on Lump- Sum Distributions IT-112-C - NYS Resident for Taxes Paid to a Province of Canada IT-112-R - NYS Resident IT Sales and Use Tax Report for Purchases of Items and Services Costing $25,000 or More IT Resident Income Tax Return (Long Form) IT-201-ATT - Summary of Other Tax s and Taxes IT-201-X - Amended Resident Income Tax Return (Long Form) IT-201-V - Payment Voucher for E-filed Income Tax Returns IT Nonresident and Part-Year Resident Income Tax Return IT-203-ATT - Summary of Other Tax s and Taxes IT-203-A - Nonresident Business Allocation Schedule IT-203-B - Nonresident and Part-Year Resident Income Allocation and College Tuition Itemized Deduction Worksheet IT-203- F Multi-Year Allocation Form IT-203-C - Nonresident or Part-Year Resident Spouse s IT-203-X - Amended Nonresident or Part-Year Resident Income Tax Return NY_ALLOC - Part-Year Resident Income Allocation Worksheet IT-182 Passive Activity Loss Limitations IT-208 NYC Enhanced Real Property Tax IT Claim for Noncustodial Parent NYS Earned Income IT-210 NYC School Tax IT Special Depreciation Schedule IT Investment IT-212-ATT - Claim for Historic Barn Rehabilitation and Employment Incentive IT Claim for Empire State Child IT-213-ATT - Child Information for Empire State Child IT Claim for Real Property Tax for Homeowners and Renters IT Claim for Earned Income (NYS and NYC) IT Claim for Child and Dependent Care IT Claim for Volunteer Firefighters Workers IT Claim for Long-Term Care Insurance IT Claim for for Purchase of an Automated External Defibrillator IT for Employment of Persons with Disabilities IT-253 Claim for Alternative Fuels IT Claim for Solar Energy System Equipment IT Claim for Special Additional Mortgage Recording Tax IT Claim of Right IT Claim for Nursing Home Assessment IT Claim for College Tuition or Itemized Deduction IT Non-obligated Spouse Allocation IT Request for Innocent Spouse Relief (and Separation of Liability and Equitable Relief) IT Change of City Resident Status (NYC / Yonkers) IT Automatic Extension of Time to File IT NYS Depreciation Schedule for IRC Section 168(k) Property IT NYS Depreciation Schedule IT Claim for EZ Wage Tax IT-603 Claim for EZ Investment Tax and EZ Employment Incentive IT-604 Claim for QEZE Tax Reduction IT-606 Claim for QEZE for Real Property Taxes IT-607 Excelsior Jobs Program Tax IT-611 Claim for Brownfield Redevelopment Tax Prior to June 23, 2008 IT Claim for Brownfield Redevelopment Tax After June 23, 2008 IT-612 Claim for Remediated Brownfield for Real Property Taxes IT-634 Empire State Jobs Retention Program IT-635 New York Youth Works Tax IT-636 Beer Production IT-637 Alternative Fuels And Electric Vehicle Property IT-638 START-UP New York Tax Elimination IT-639 Minimum Wage Reimbursement IT-500 Income Tax Deferral IT Underpayment of Estimated Income Tax WKPEN1 Worksheet 1 for IT WKPEN2 - Worksheet 2 for IT WKPEN3 - Worksheet 3 for IT IT Estimated Income Tax Payment Vouchers IT-204-LL Partnership Limited Liability Company, and Limited Liability Partnership Filing Fee Payment Form

4 IT Claim for Farmers School Tax IT for City of New York Unincorporated IT Minimum Income Tax IT Disability Income Exclusion IT-222 General Corporation Tax IT-223 Innovation Hot Spot Deduction IT-225 New York State Modifications IT Separate Tax on Lump Sum Distributions IT Claim for Historic Homeownership Rehabilitation IT Claim for Clean Heating Fuel IT Temporary Deferral Nonrefundable Payout IT-502 Temporary Deferral Refundable Payout IT Certificate of Income Tax Withheld IT Certificate of NR & Allocation Withholding Tax IT-2104-IND Certificate of Exemption from Withholding IT-2104-E Certificate of Exemption from Withholding IT-2104-MS Withholding Exemption Certificate for Military IT-2104-P Annuitant s Request for Income Tax W/H TR-579-IT NYS E-File Authorization for Forms IT-201 and IT-203 TR NYS E-File Authorization for Form IT-370 TR NYS Notice to Taxpayers TR NYS Notice to Tax Return Preparers and Taxpayers Individual NYC-WPE Worksheet for Partial Exemption Unincorporated POA-1 Power of Attorney TR-579-PT E-File Signature Authorization NYC 202 Unincorporated Return for Individuals Fiduciary NYC 202S Unincorporated Return for Individuals IT-205 Fiduciary Income Tax Return (Short Form) NYC 1127 Form for Nonresident Employees of the City of New IT-205-A Fiduciary Allocation York Hired on or After January 4, 1973 NYC 399 Schedule of New York City Depreciation Adjustments IT-205-C New York State Resident Trust Nontaxable NYC 399Z Depreciation Adjustments for Certain Post 9/10/01 IT-2106 Estimated Income Tax Payment Voucher for Property Fiduciaries NYC 5UBTI Declaration of Estimated Unincorporated Business Y-206 Yonkers Nonresident Fiduciary Earnings Tax Return Tax NYC EXT Application for Automatic 6-Month Extension of Time TR IT Declaration for E-Filing of Fiduciary Income Tax to File Business Income Tax Return Returns Y-203 Yonkers Nonresident Earnings Tax Return Corporation CT-2 Corporation Tax Return Summary MTA-6 - Metropolitan Commuter Transportation Mobility Tax CT-3 - General Business Corporation Franchise Tax Return Return MTA-7 Application for Automatic Six-Month Extension of Time CT-3-ATT - Schedules B, C, and D Attachment to CT-3 to File a Metropolitan Commuter Transportation Mobility Tax Return MTA-9 Underpayment of Estimated Metropolitan Commuter CT-3M/4M - General Business Corporation MTA Surcharge Transportation Mobility Tax by Self-Employed Individuals CT-4 - General Business Corporation Franchise Tax Return (Short Form) Partnership CT-5 - Request for Six-Month Extension to File IT-204 Partnership Return CT-5.1 Request for Additional Extension of Time to File IT New York Corporate Partners Schedule K CT-6 - Election by a Federal S Corporation to be Treated as a New York S Corporation IT-204-IP New York Partner s Schedule K-1 IT-204-CP New York Corporate Partner s Schedule K-1 CT-43 - Claim for Special Additional Mortgage Recording Tax IT-370-PF Application for Automatic Extension of Time to File CT-46 - Claim for Investment Tax for Partnerships and Fiduciaries IT-2658 Report of Estimated Tax for Nonresident Individual CT-46-ATT - for Rehabilitation Expenses for Retail Partners and Shareholders IT MTA Attachment Report of Estimated Metropolitan Commuter Transportation Mobility Tax (MCTMT) for New York Nonresident Individual Partners IT-2658 NYS Attachment Report of Estimated Personal Income Tax for New York Nonresident Individuals Enterprises and Historic Barns CT-47 - Claim for Farmer s School Tax

5 IT-2659 Estimated Tax Penalties for Partnerships and New York S Corporations CT-60-QSSS - Qualified Subchapter S Subsidiary Information Schedule CT-2658 Report of Estimated Tax for Corporate Partners CT-399 Depreciation Adjustment Schedule CT-2658-ATT Attachment to Report of Estimated Tax for CT-400-MN - Estimated Tax for Corporations Corporate Partners Y-204 Yonkers Nonresident Partner Allocation CT Ordering of Corporation Tax s NYC 204 Unincorporated Return TR-579-CT E-File Signature Authorization NYC 204EZ - Unincorporated Return For TR CT E-File Signature Authorization Partnerships (Including Limited Liability Companies) NYC UBT Paid NYC-3L - New York City Corporate (Long Form) NYC 5UB Partnership Declaration of Estimated Unincorporated NYC-4S - New York City Corporate (Short Form) MTA-405 Report of Estimated Metropolitan Commuter NYC-4SEZ New York City Corporate (Small Firms) Transportation Mobility Tax For New York Nonresident Individual Partners MTA-405-ATT Attachment for Form MTA-405 NYC UBT Paid for General Corporation Taxpayers MTA-409 Estimated Metropolitan Commuter Transportation NYC-NOLD Net Operating Loss Deduction Computation Mobility Tax Penalties for Partnerships NYC 400 Declaration of Estimated Tax by Corporations NYC 222 Underpayment of Estimated Tax by Corporations NYC EXT Application of Automatic 6-Month Extension of Time S Corporation to File Business Income Tax Return NYC-579-UBTP Signature Authorization for E-Filed UBT Return NYC EXT.1 Application for Additional Extension for General Corporation Tax NYC 579-GCT - E-File Signature Authorization DTF Low-Income Housing Allocation and DTF Claim for Low-Income Housing DTF-625-ATT - Low-Income Housing Annual Statement DTF Recapture of Low-Income Housing DTF Claim for Green Building NYC 399Z Depreciation for Certain Post 9/10/01 NYC 399 Schedule of NYC Depreciation Adjustments CT-2 Corporation Tax Return Summary CT-3-S - Corporation Franchise Tax CT-3-S-ATT - Attachment to Form CT-3-S CT-34-SH NY S Corporation Shareholders Information Schedule NYC-ATT-S-Corp Calculation of Federal Taxable Income for S Corporations CT Extension of Time to File Tax Exempt CHAR500 Annual Filing for Charitable Organizations CHAR500-C Combined Annual Financial Report Estate ET New York State Estate Tax Return ET Application for Extension of Time to File and/or Pay Estate Tax