Get the free IT-2659 - tax ny

This form is used to compute penalties for underpayment or nonpayment of estimated tax for partnerships and New York S corporations regarding their partners and shareholders who are corporations or

How to fill out it-2659 - tax ny

How to fill out IT-2659

1. Obtain a copy of the IT-2659 form from the New York State Department of Taxation and Finance website.
2. Read the instructions carefully to ensure you understand the purpose of the form.
3. Fill out your name and address at the top of the form.
4. Provide your Social Security Number (SSN) in the designated field.
5. Indicate the fiscal year for which you are filing the form.
6. Complete Part 1: 'Estimation of tax,' where you will estimate your tax liability for the year.
7. Fill out Part 2: 'Overpayment,' if applicable, to calculate any refund you may be entitled to.
8. Complete Part 3: 'Signature' by signing and dating the form.
9. Double-check all information for accuracy before submitting the form.
10. Submit the completed IT-2659 form by mailing it to the specified address indicated in the instructions.

Who needs IT-2659?

1. Individuals or businesses in New York who have overpaid their estimated taxes and wish to request a refund.
2. Taxpayers who need to reconcile their estimated tax payments with their actual tax liability.
3. Those who want to make adjustments to their estimated tax payments for the current year.

People Also Ask about

Who needs to file audited financial statements?

This includes Corporations, Companies, Partnerships, Sole Proprietorships, and Individual persons (self-employed), and those fitting the aforementioned criteria must submit to a yearly audit by a Certified Public Accountant.

What is form it 2658 for?

A partnership or S corporation making a payment of estimated tax on behalf of a nonresident individual partner or shareholder must use Form IT-2658 and the applicable attachment(s) depending on which type(s) of estimated taxes they are remitting.

Who needs to file a NY state tax return?

Generally, if you are a New York State resident and are required to file a federal tax return, you must also file a New York State tax return. What form does a full year resident of NYS file? Full year New York State residents must file Form IT-201, Resident Income Tax Return.

What is form it 2659?

The New York State Department of Taxation and Finance IT-2659 form is crucial for Partnerships and New York S Corporations that need to address penalties for underpayment or nonpayment of estimated taxes on behalf of their partners and shareholders.

Who needs to file it 2658?

Use Form IT-2658 when your partnership or S corporation is required to report estimated taxes for nonresident partners. It is necessary to ensure that all taxes due are calculated and submitted within the established deadlines. 1. Estimated Tax Payments: To report and pay estimated taxes due for the tax year.

Who must file NY partnership return?

Any partnership that carries on or liquidates any trade, business, profession or occupation wholly or partly within New York City and has a total gross income from all business regardless of where carried on of more than $25,000 (prior to any deduction for cost of goods sold or services performed) must file an

For pdfFiller’s FAQs

What is IT-2659?

IT-2659 is a form used by taxpayers in New York to report and claim a refundable credit for certain taxes paid to other jurisdictions.

Who is required to file IT-2659?

Taxpayers who have paid income taxes to another state or locality and wish to claim a credit against their New York State tax liability are required to file IT-2659.

How to fill out IT-2659?

To fill out IT-2659, taxpayers need to provide information about their personal details, income, the tax paid to other jurisdictions, and any applicable credits. Detailed instructions are provided on the form.

What is the purpose of IT-2659?

The purpose of IT-2659 is to allow taxpayers to claim a credit for taxes paid to other states or localities, thus preventing double taxation on the same income.

What information must be reported on IT-2659?

The information that must be reported on IT-2659 includes taxpayer identification information, income details, taxes paid to other jurisdictions, and the amount of credit being claimed.