Get the free Form IT-204-LL-I:2011:Instructions for Form IT-204-LL - tax ny

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Under the new law, Form IT-204-LL must be filed, and the annual filing fee must be paid, within 60 days after the last day of the tax year of the partnership, LLC, ...

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What is form it-204-ll-iinstructions for form?

Form IT-204-LL-I is the instructions for Form IT-204-LL, which is used by limited liability companies (LLCs) that are classified as partnerships for federal income tax purposes to report their New York State income and compute their franchise tax liability.

Who is required to file form it-204-ll-iinstructions for form?

Limited liability companies (LLCs) that are classified as partnerships for federal income tax purposes and have income derived from New York sources or have New York assets and are required to file a federal partnership return (Form 1065) are required to file Form IT-204-LL and therefore need to refer to Form IT-204-LL-I for instructions.

How to fill out form it-204-ll-iinstructions for form?

To fill out Form IT-204-LL and comply with the instructions, you need to provide information about the LLC, its partners, New York State income, tax credits, and compute the franchise tax liability using the applicable schedules and worksheets provided in the instructions.

What is the purpose of form it-204-ll-iinstructions for form?

The purpose of Form IT-204-LL-I is to provide guidance and instructions to limited liability companies (LLCs) classified as partnerships for federal income tax purposes on how to properly complete and file Form IT-204-LL, which is used to report New York State income and compute franchise tax liability.

What information must be reported on form it-204-ll-iinstructions for form?

Form IT-204-LL-I provides instructions on reporting various information on Form IT-204-LL, including details about the LLC and its partners, New York State income, tax credits, deductions, and computations of the franchise tax liability.

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