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NY REC-1 2020 free printable template

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Reference Number:State of New York Division of Housing and Community Renewal Office of Rent AdministrationOffice use only. Website: www.hcr.ny.govRequest for Records Access Please read instructions
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How to fill out NY REC-1

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How to fill out NY REC-1

01
Obtain the NY REC-1 form, which can be found on the New York State Department of Taxation and Finance website.
02
Fill in your personal information, including your name, address, and Social Security number.
03
Indicate the tax period for which you are filing the REC-1.
04
Provide details about the nature of your business and any related activities.
05
Complete any required sections regarding sales tax collected, exemptions, and deductions.
06
Review all entries for accuracy and completeness.
07
Sign and date the form at the designated section.
08
Submit the form via mail or electronically as instructed on the form.

Who needs NY REC-1?

01
Individuals or businesses that have collected sales tax in New York State and need to report this information.
02
Those who qualify for sales tax exemptions and need to document their claims.
03
Businesses required to report and pay sales tax to the New York State Department of Taxation and Finance.
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NY REC-1 is a form used by New York State to report the sale of real estate. It collects information related to property transfers.
Individuals or entities involved in the sale or transfer of real estate in New York State are required to file NY REC-1.
To fill out NY REC-1, provide accurate information regarding the property, including the buyer and seller details, transaction dates, and sale price as required on the form.
The purpose of NY REC-1 is to ensure that the state collects accurate data on real estate transactions for taxation and regulatory purposes.
NY REC-1 requires reporting of property details, buyer and seller names, transaction date, sale price, and any applicable exemptions or deductions.
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