NY Form IT-204-LL-I 2024-2025 free printable template

Instructions for filing Form IT-204-LL for partnerships, LLCs, and LLPs in New York State that are required to pay a filing fee based on New York source gross income.

How to fill out it 204 ll fill

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

1. Obtain the NY Form IT-204-LL-I from the New York State Department of Taxation and Finance website or your local tax office.
2. Fill out the entity type section, indicating whether it is a partnership, LLC, or corporation.
3. Provide your business name and identification number (EIN or NYS ID).
4. Enter your business address in the designated fields.
5. Indicate the tax year for which you are filing.
6. Complete the income information section by entering total gross income from all sources.
7. If applicable, enter any deductions or credits the business is claiming.
8. Review the form for accuracy and completeness.
9. Sign and date the form, verifying that the information provided is correct.
10. Submit the form by the due date, either electronically or by mail.

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

1. New York Form IT-204-LL-I is needed by LLCs and partnerships doing business in New York State that are subject to the LLC filing fee or other business taxes.

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 an informational return for a limited liability company (LLC) that is treated as a partnership for tax purposes in New York State.

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

LLCs that are classified as partnerships must file NY Form IT-204-LL-I if they are doing business in New York State or if they are subject to the New York State partnership filing requirements.

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

To fill out NY Form IT-204-LL-I, you must provide information about the LLC, such as its name, address, Employer Identification Number (EIN), and the names and addresses of its members. You will also indicate whether the LLC has any income, deductions, or tax liability.

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

The purpose of NY Form IT-204-LL-I is to report the income, deductions, and other relevant information of a limited liability company that is treated as a partnership for New York State tax purposes, ensuring compliance with state tax regulations.

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 LLC's name, address, EIN, the names and addresses of its members, total income, total deductions, and any other necessary disclosures required by New York State tax law.