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This form is an attachment to the New York State Return that must be filed to report tax shelter transactions according to the provisions of the New York Tax Law. It requires taxpayers to identify federal and New York reportable transactions, as well as provide personal and business tax information.
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What is dtf-686?
DTF-686 is a form used in New York State for businesses to report and remit sales tax.
Who is required to file dtf-686?
Businesses that are registered to collect sales tax in New York State are required to file DTF-686.
How to fill out dtf-686?
To fill out DTF-686, businesses must provide their identification details, report total sales, exempt sales, and calculate the sales tax due.
What is the purpose of dtf-686?
The purpose of DTF-686 is to ensure that businesses accurately report and remit the sales tax they have collected from customers.
What information must be reported on dtf-686?
DTF-686 requires businesses to report their gross sales, exempt sales, total sales tax collected, and any tax credit or adjustment.
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