What are my New York tax filing obligations?

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The Sate of New York requires its citizens to file a state tax return. Citizens are generally required to file a return to the state if they are required to file a dederal return. You can also be required to file a New York State return if you’re a non-resident of New York and you have income from a New York State source.

 

To determine your filing obligations to New York you must first establish whether you are a resident, non-resident or part-year resident.

 

RESIDENTS

 

If you are a resident of the New York State, you must file a Form IT-201, Resident Income Tax Return. This is required if you:

·      Have to file a federal return

·      You did not have to file a federal return but your federal adjusted gross income plus New York additions was more than $4,000 ($3,100 if you are single and can be claimed as a dependent on another taxpayer’s federal return).

·      You want to claim a refund of any New York State, City or Yonkers income taxes withheld from your pay.

·      You want to claim any of the refundable carryover credits available.

 

If you were in New York for only part of the year, you should not file a Form IT-201.

 

PART-YEAR RESIDENT

 

If you are a Part-Year Resident of the New York State you must file a Form IT-203, Non-resident and Part-Year Resident Income Return. You are required to do so if:

·      You are a part-year resident with any income during your resident period or you had New York Source income during your non-resident period and your New York adjusted gross income Federal amount exceeds your New York standard deductions

·      If you want to claim a refund of any New York State, City or Yonkers income taxes withheld from your pay.

·      You want to claim any of the refundable or carryover credits available

·      You are a part-year resident and you are subject to a separate tax on any lump-sum distribution for your resident period derived from or connected with New York sources.

·      You had a net operating loss for New York State personal income tax purposes for the tax year, without having similar net operating loss for federal income tax purposes.

 

You may have additional filing responsibilities if you are a:

·      New York City or Yonkers Part-Year resident

·      Yonkers income earner

·      Subject to the MCTMT

 

NON-RESIDENT

If you are a New York State non-resident you must file a Form IT-203, Nonresident and Part-Year Resident Income Tax Return, if you meet the following conditions

  • You are a nonresident with New York source income and your New York adjusted gross income Federal amountcolumn (Form IT-203, line 31) exceeds your New York standard deduction
     
  • You want to claim a refund of any New York State, New York City, or Yonkers income taxes withheld from your pay.
     
  • You want to claim any of the refundable or carryover credits available. 
     
  • You had a net operating loss for New York State personal income tax purposes for the tax year, without having a similar net operating loss for federal income tax purposes.

You may have additional filing responsibilities if you have Yonkers income, or are subject to the MCTMT.

 

Contact us for expert New York tax advise

 

The Sate of New York requires its citizens to file a state tax return. Citizens are generally required to file a return to the state if they are required to file a dederal return. You can also be required to file a New York State return if you’re a non-resident of New York and you have income from a New York State source.

 

To determine your filing obligations to New York you must first establish whether you are a resident, non-resident or part-year resident.

 

RESIDENTS

 

If you are a resident of the New York State, you must file a Form IT-201, Resident Income Tax Return. This is required if you:

·      Have to file a federal return

·      You did not have to file a federal return but your federal adjusted gross income plus New York additions was more than $4,000 ($3,100 if you are single and can be claimed as a dependent on another taxpayer’s federal return).

·      You want to claim a refund of any New York State, City or Yonkers income taxes withheld from your pay.

·      You want to claim any of the refundable carryover credits available.

 

If you were in New York for only part of the year, you should not file a Form IT-201.

 

PART-YEAR RESIDENT

 

If you are a Part-Year Resident of the New York State you must file a Form IT-203, Non-resident and Part-Year Resident Income Return. You are required to do so if:

·      You are a part-year resident with any income during your resident period or you had New York Source income during your non-resident period and your New York adjusted gross income Federal amount exceeds your New York standard deductions

·      If you want to claim a refund of any New York State, City or Yonkers income taxes withheld from your pay.

·      You want to claim any of the refundable or carryover credits available

·      You are a part-year resident and you are subject to a separate tax on any lump-sum distribution for your resident period derived from or connected with New York sources.

·      You had a net operating loss for New York State personal income tax purposes for the tax year, without having similar net operating loss for federal income tax purposes.

 

You may have additional filing responsibilities if you are a:

·      New York City or Yonkers Part-Year resident

·      Yonkers income earner

·      Subject to the MCTMT

 

NON-RESIDENT

If you are a New York State non-resident you must file a Form IT-203, Nonresident and Part-Year Resident Income Tax Return, if you meet the following conditions

  • You are a nonresident with New York source income and your New York adjusted gross income Federal amountcolumn (Form IT-203, line 31) exceeds your New York standard deduction
     
  • You want to claim a refund of any New York State, New York City, or Yonkers income taxes withheld from your pay.
     
  • You want to claim any of the refundable or carryover credits available. 
     
  • You had a net operating loss for New York State personal income tax purposes for the tax year, without having a similar net operating loss for federal income tax purposes.

You may have additional filing responsibilities if you have Yonkers income, or are subject to the MCTMT.

 

Contact us for expert New York tax advise

 

 

alistair bambridge