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Department of Taxation and FinanceInstructions for Form IT2659Estimated Tax Penalties for
Partnerships and New York S Corporations
General instructions
Who must pay the underpayment penalty In general,
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How to fill out form it-2659-i
How to fill out form it-2659-i
01
To fill out form IT-2659-I, follow these steps:
02
Start by downloading the form from the official website of the tax authority or request a physical copy.
03
Read the instructions carefully to understand the purpose and requirements of the form.
04
Begin by providing your personal information, such as your name, address, and social security number.
05
If applicable, indicate whether you are married filing jointly or separately.
06
Fill in details about your employer or self-employment income, including any documentation provided by your employer.
07
Report any other income you received during the tax year, such as rental income or dividends.
08
Deduct any eligible expenses or deductions, such as business expenses or student loan interest.
09
Calculate your tax liability based on the information provided and fill in the appropriate boxes.
10
If you have any tax credits or payments already made, enter those amounts in the designated sections.
11
Double-check all the information you have entered to ensure accuracy and completeness.
12
Sign and date the form, certifying the accuracy of the information provided.
13
Attach any required supporting documents, such as W-2 forms or receipts, as instructed.
14
Send the completed form and attachments to the address specified in the instructions.
Who needs form it-2659-i?
01
Form IT-2659-I is needed by individuals who are required to report their New York State, New York City, or Yonkers nonresident earnings and taxes withheld for certain qualified performing artists and athletes.
02
It is also used by agents or information return providers who report these earnings and taxes withheld on behalf of qualified performing artists and athletes.
03
This form is necessary to accurately report and pay the appropriate taxes on nonresident earnings from performances or athletic events in New York State, New York City, or Yonkers.
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