NY Form IT-204-LL-I 2023 free printable template

Department of Taxation and FinanceIT204LLInstructions for Form IT204LLPartnership, Limited Liability Company, and Limited Liability Partnership Filling Fee Payment Form General information Who must

How to fill out NY Form IT-204-LL-I

How to fill out NY Form IT-204-LL-I

1. Obtain NY Form IT-204-LL-I from the New York State Department of Taxation and Finance website or your local tax office.
2. Fill in the entity's name as it appears on the tax records.
3. Enter the Employer Identification Number (EIN) or Social Security Number (SSN).
4. Provide the primary business address.
5. Indicate the date of formation or incorporation.
6. Specify the type of entity (LLC, partnership, etc.).
7. Complete the income and tax calculation sections as applicable.
8. Review the instructions for any additional schedules or documents required.
9. Sign and date the form before submitting it.
10. Keep a copy of the submitted form and any attachments for your records.

Who needs NY Form IT-204-LL-I?

1. New York businesses that are classified as LLCs or partnerships and are required to file a tax return.
2. Any entity that has a gross income exceeding the specified threshold as outlined by the New York State tax regulations.
3. Those looking to report and pay the LLC fee as mandated by New York State law.

People Also Ask about

Who Must File NYC 4S?

S CORPORATIONS An S Corporation is subject to the General Corporation Tax and must file either Form NYC- 4S, NYC-4S-EZ or NYC-3L, whichever is appli- cable. Under certain limited circumstances, an S Corporation may be permitted or required to file a combined return (Form NYC-3A).

What is ny form IT-204-LL?

Form IT-204-LL, Partnership, Limited Liability Company, and Limited Liability Partnership Filing Fee Payment Form.

Who must file a NY nonresident return?

If you had any income during your resident period or if you had New York source income during your nonresident period, you are required to file a New York State return. You will file Form IT-203, Nonresident and Part-Year Resident Income Tax Return.

What is form IT 204 IP?

The Form IT-204-IP provided to you by your partnership lists your distributive share of any credits, credit components, credit factors, recapture of credits, and any other information reported by the partnership during the tax year. You need this information when completing your individual income tax return.

What type of partners does New York require pass-through entity withholding?

The pass-through entity tax must be paid by a partnership or New York S corporation to another jurisdiction on income derived from that jurisdiction and subject to tax under Article 22. This includes any taxes paid by an LLC treated as a partnership or S corporation for New York tax purposes.

Who Must File Form NYC 204?

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

Who has to file a NY partnership return?

Income tax responsibilities must file Form IT-204, Partnership Return if it has either (1) at least one partner who is an individual, estate, or trust that is a resident of New York State, or (2) any income, gain, loss, or deduction from New York sources (see instructions).

What is ny form it-204?

What's new for 2021? For a detailed list of what's new, including a summary of tax law changes, visit our website (see Need help?) and search 2021. Use Form IT-204 to report income, deductions, gains, losses, and credits from the operation of a partnership for calendar year 2021, or other tax year beginning in 2021.

Does NY accept federal extension for partnerships?

New York does not recognize a federal extension. If you cannot meet the filing deadline for a NY business return, you should request a six-month extension of time by filing Form CT-5, Request for Six-Month Extension to File (For Franchise/Business Taxes, MTA Surcharge, or Both), on or before the due date of the return.

Who Must File NYC Partnership Return?

Income tax responsibilities must file Form IT-204, Partnership Return if it has either (1) at least one partner who is an individual, estate, or trust that is a resident of New York State, or (2) any income, gain, loss, or deduction from New York sources (see instructions).

Do general partnerships need to be registered in NY?

You do not need to register a general partnership in New York. However, you will need to file a Certificate of Assumed Name for any additional business names. You will also need to register for state and federal taxes and meet all licensing, permitting, and clearance requirements.

What is an Article 22 partner New York?

Line F1, Article 22: A partner that is an individual, partnership or LLC treated as partnership for federal purposes, a trust, or estate.

Can you efile NY it-204-LL?

E-file options Electronically file your Form IT-204-LL using New York State-approved software. For more information, see E-file Approved Software Developers for Partnership.

Do I need to file a NYC 204?

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

What is NYC unincorporated business tax?

A 4% tax rate is charged for taxable income allocated to New York City. Who is Exempt from this Tax? Performing services as an employee is not subject to UBT. An owner, lessee, or fiduciary who is engaged in holding, leasing, or managing real property for their own account.

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What is NY Form IT-204-LL-I?

NY Form IT-204-LL-I is the New York State Partnership Return of Income and Loss form that is used to report the income, deductions, gains, losses, etc., of a partnership for tax purposes.

Who is required to file NY Form IT-204-LL-I?

Partnerships doing business in New York State are required to file NY Form IT-204-LL-I, including Limited Liability Companies (LLCs) classified as partnerships for tax purposes.

How to fill out NY Form IT-204-LL-I?

To fill out NY Form IT-204-LL-I, partnership members must gather financial records, report income, deductions, and other relevant items on the form, and ensure it is filed by the due date.

What is the purpose of NY Form IT-204-LL-I?

The purpose of NY Form IT-204-LL-I is to provide New York State with a summary of a partnership's income and losses, ensuring proper taxation of the partnership's earnings.

What information must be reported on NY Form IT-204-LL-I?

Information that must be reported on NY Form IT-204-LL-I includes the partnership's name, address, EIN, the income, deductions, tax credits, and partners’ details.