Nys Tax Form

The New York State Tax Form has changed. Please note the tax forms below that have changed. If the form is not listed, there were no changes made. The following information is also available on the New York State Department of Taxation and Finance and the up-to-date forms can be accessed at http://www.tax.state.ny.us/forms/income_up_to_date_info.htm.

IT-201-X and IT-203-X

A recent amendment to section 105.20(e) of the personal income tax policy removes the temporary stay provisions from the definition of permanent place of residence. As a result, box 83(h) of Form IT-201-X and box 77(d) of Form IT-203-X should say: Treaties/visa.

IT-204-LL-I

Changes to the form are listed below.

"This form must be filed by every LLC that is a disregarded entity for federal income tax purposes that has any income, gain, loss, or deduction from New York sources, and every LLC, limited liability investment company (LLIC), limited liability trust company (LLTC), or LLP that is required to file Form IT-204, Partnership Return."

IT-216-I

The federal code identifying dependent care benefits received by a partner and shown in box 13 of Schedule K-1 (federal Form 1065) has changed.

The change to the second paragraph on page 2 of the instructions sheet is below in bold. "Benefits you received as a partner should be shown in box 13 of your Schedule K-1 (federal Form 1065) with code O."

IT-601, IT-603, IT-604, IT-605, IT-606

A new legislation requires taxpayers filing the above listed forms to attach a retention certificate from the Empire State Development.

IT-2105.9

Due to an increase in the interest rate for tax underpayments, the penalty rate for underpayment. As a result, lines 22, 23, and 37, have been revised. See the updated form on the website for new amounts.

IT-2105.9-I

Due to an increase in the interest rate for tax underpayments, the penalty rate for underpayment. The changes are in bold below.

"Penalty rate - The penalty rate will be the federal short-term rate plus two percentage points, but not less than 6 % (7.5% on and After April 7, 2009).