Form It-370 - 2015 - Department Of Taxation And Finance Application For Automatic Six-Month Extension Of Time To File For Individuals (With Instructions) Page 2

ADVERTISEMENT

Page 2 of 3 IT-370 (2015)
Spouses who file separate returns must complete separate
is a charge for the use of money and in most cases may not be
Forms IT-370. Do not include your spouse’s SSN or name on
waived. Interest is compounded daily and the rate is adjusted
your separate Form IT-370.
quarterly.
Payment of tax – To obtain an extension of time to file, you
Fee for payments returned by banks
must make full payment of the properly estimated tax balances
The law allows the Tax Department to charge a $50 fee when a
due. Payment may be made by check or money order. See
check, money order, or electronic payment is returned by a bank
Payment options below.
for nonpayment. However, if an electronic payment is returned
as a result of an error by the bank or the department, the
Penalties
department won’t charge the fee. If your payment is returned,
Late payment penalty – If you do not pay your tax liability when
we will send a separate bill for $50 for each return or other tax
due (determined with regard to any extension of time to pay),
document associated with the returned payment.
you will have to pay a penalty of ½ of 1% of the unpaid amount
for each month or part of a month it is not paid, up to a maximum
Privacy notification
of 25%. The penalty will not be charged if you can show
See our Web site or Publication 54, Privacy Notification.
reasonable cause for paying late. This penalty is in addition to
the interest charged for late payments.
Specific instructions
Reasonable cause will be presumed with respect to the addition
Name and address box – Enter your name (both names if
to tax for late payment of tax if the requirements relating to
filing a joint application), address and social security number(s).
extensions of time to file have been complied with, the balance
Failure to provide a social security number may invalidate this
due shown on the income tax return, reduced by any sales or
extension. If you do not have a social security number, enter do
use tax that is owed, is no greater than 10% of the total New
not have one. If you do not have a social security number, but
York State, New York City, Yonkers, and MCTMT tax shown
have applied for one, enter applied for.
on the income tax return, and the balance due shown on the
income tax return is paid with the return.
Foreign addresses – Enter the information in the following
order: city, province or state, and then country (all in the City,
Late filing penalty – If you do not file your Form IT-201 or
village, or post office box). Follow the country’s practice for
Form IT-203 when due (determined with regard to any extension
entering the postal code. Do not abbreviate the country name.
of time to file), or if you do not file Form IT-370 on time and
obtain an extension of time to file, you will have to pay a penalty
Special condition codes – If you are out of the country and
of 5% of the tax due for each month, or part of a month, the
need an additional four months to file (October 17, 2016),
return is late, up to a maximum of 25%. However, if your return
enter special condition code E3. If you are a nonresident alien
is not filed within 60 days of the time prescribed for filing a return
and your filing due date is June 15, 2016, and you need an
(including extensions), this penalty will not be less than the
additional six months to file (December 15, 2016), enter special
lesser of $100 or 100% of the amount required to be shown as
condition code E4. If you qualified for a 90-day extension of
tax due on the return reduced by any tax paid and by any credit
time to file because your spouse died, and you need additional
that may be claimed. The penalty will not be charged if you can
time to file (on or before October 17, 2016, or in the case of
show reasonable cause for filing late.
a nonresident alien, on or before December 15, 2016), enter
special condition code D9. Also enter the applicable special
Interest
condition code, E3, E4, or D9 on Form IT-201 or Form IT-203
when you file your return.
Interest will be charged on income tax, MCTMT, or sales or use
tax that is not paid on or before the due date of your return, even
if you received an extension of time to file your return. Interest
Detach (cut) here
Do not submit with your return.
IT-370 (2015) (back)
When completing this section, enter your New York tax preparer registration
identification number (NYTPRIN) if you are required to have one. If you are
Payment options – Full payment must be made by check or money order
not required to have a NYTPRIN, enter in the NYTPRIN excl. code box one
of any balance due with this automatic extension of time to file. Make the
of the specified 2-digit codes listed below that indicates why you are exempt
check or money order payable in U.S. funds to New York State Income Tax
from the registration requirement. You must enter a NYTPRIN or an exclusion
and write your social security number and 2015 Income Tax on it. For online
code. Also, you must enter your federal preparer tax identification number
payment options, see our Web site (at ).
(PTIN) if you have one; if not, you must enter your social security number.
Paid preparers – Under the law, all paid preparers must sign and complete
Code Exemption type
Code Exemption type
the paid preparer section of the form. Paid preparers may be subject to civil
and/or criminal sanctions if they fail to complete this section in full.
01
Attorney
02
Employee of attorney
03
CPA
04
Employee of CPA
Paid preparer must complete (see instructions)
Date:
05
PA (Public Accountant)
06
Employee of PA
Preparer’s NYTPRIN
Preparer’s signature
07
Enrolled agent
08
Employee of enrolled
Preparer’s PTIN or SSN
agent
Firm’s name (or yours, if self-employed)
09
Volunteer tax preparer
10
Employee of business
Address
Employer identification number
preparing that
business’ return
NYTPRIN
See our Web site for more information about the tax preparer
excl. code
registration requirements.
E-mail:
3702150094

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 3