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Instructions for Form NYC-1127 - 2014

Page 2

LINE 6 - OVERPAYMENT

of New York). Booklets IT-201-I or IT-203-I,

Unincorporated Business Tax paid by that

issued by the New York State Department of

If line 2 is less than the sum of lines 3 and 4

partnership.

See Form IT-219 and the

you may be entitled to a refund. Note: the

Taxation and Finance, can be obtained from

instructions to that form. Enter the amount of

refund may not exceed the amount on line

any District Tax Office of the New York State

credit to which you would be entitled as a

4. To determine your refund amount, compute

Income Tax Bureau.

City resident from Form IT-219.

the difference between the sum of lines 3 and

LINE 1 - NEW YORK STATE

4, and line 2 (subtract line 2 from the sum of

f - OTHER CITY TAXES

TAXABLE INCOME

lines 3 and 4). Your refund amount is the less-

Part-year City residents should enter on line 3

If you file NYS Form IT-201, enter the amount

er of this difference and the amount on line 4.

the amount actually reported on your New

on line 37. If you file NYS Form IT-203, enter

York State tax return, (net of school tax cred-

If the amount on line 2 is equal to the sum of

the amount on line 36. If the amount withheld

it taken) if any, as City tax (Form IT-201,

lines 3 and 4, enter 0 on line 6.

pursuant to Section 1127 was included in item-

lines 50 and 51 or Form IT-203, lines 51 and

ized deductions when calculating your New

52). Part-year employees should include on

Refunds cannot be processed unless a com-

York State Personal Income Tax liability, you

line 3 that portion of the City tax reported on

plete copy of your New York State return,

must add back that amount to the amount from

the New York State return attributable to the

including all schedules, and wage and tax

line 37 of NYS IT-201 or line 36 of NYS IT-

period covered by this return. Attach a com-

statement (Form 1127.2) are attached to

203, as applicable, on this line.

plete copy of your New York State tax return,

your form.

including schedules.

NOTE: If you file a joint Federal tax return

SCHEDULE A, PAGE 2 - LINE 5

but elect to exclude a spouse’s income, see

g - NYC CHILD AND DEPENDENT

If the amount withheld pursuant to Section

the special computation Schedule A on the

CARE CREDIT

1127 was included in the itemized deductions

back of this form and use Filing Status C.

Refer to New York State Form IT-216 to

when calculating your New York State

determine if you qualify for this credit.

Personal Income Tax liability, you must

LINE 2 - LIABILITY AMOUNT

Attach Form IT-216 to this form.

reduce the amount of your itemized deduc-

Employees who are married and include

tions for purposes of this line by that amount.

spouse’s income in Form NYC-1127, use

MAILING INSTRUCTIONS

Liability Schedule A on page 2 to compute

In order for your form to be processed, you

SCHEDULE B, PAGE 2

the liability amount.

must attach the following to Form NYC-1127:

On Schedule B, report items for employee

Complete copy of New York State Income

and spouse if filing a joint Form NYC-1127.

◆

Married employees who choose not to

Tax Return, including all schedules

Married employees who choose not to

include their spouse’s income on Form NYC-

Wage and withholding statement (Form

include their spouse’s income in Form NYC-

1127, use Liability Schedule C to compute

◆

1127.2)

1127, report items for employee only.

the liability amount.

Copy of federal Schedule A, if itemizing

◆

a - NEW YORK CITY

deductions

LIABILITY FOR OTHER NYC TAXES

SCHOOL TAX CREDIT

Include on line 2 the sum of your 1127 liabil-

Agency verification, if claiming line of

A School Tax Credit is allowed for 2014 as follows:

ity and the total of your liability for other

◆

duty injury deduction

New York City taxes from New York State

Form IT-201, line 51 or IT-203, line 52.

Filing Status

If your income* is your credit** is

SIGNATURE

You must sign and date your return at the bot-

Single

$250,000 or less

$63

LINE 3 - NEW YORK CITY SCHOOL

●

tom of page 1. If you file jointly on Form

Married filing

TAX CREDITS

●

separate return

NYC-1127, the form must be signed by both

Over $250,000

Add lines a through g on page 2, Schedule B,

spouses. Your return and/or refund cannot

Head of household

to report credits and payments that would

●

be processed if it is not signed.

Married filing

have reduced your New York City resident

$250,000 or less

$125

●

joint return

income tax liability had you been a City resi-

If you have a tax-related question or problem,

Qualifying widow(er)

dent. No amount reported on line 3 is refund-

Over $250,000

●

with dependent child

call 311. If calling from outside of the five

able. Refunds of overpayments of tax and

NYC boroughs, please call 212-NEW-YORK

*Income, for purposes of determining your school

refundable credits available to New York

tax credit means your federal adjusted gross

(212-639-9675).

State residents and part-year New York City

income (FAGI) from Form IT-201, line 19 minus

distributions

from

individual

retirement

residents must be claimed by filing forms IT-

ACCESSING NYC TAX FORMS

account and an individual retirement annuity from

201 or IT-203.

By Computer - Download forms from the

IT-201, line 9, if they were included in your FAGI.

Finance website at nyc.gov/finance

**The statutory credit amounts have been rounded.

LINE 4 - PAYMENTS

Enter on line 4 the amount withheld by the

See also the instructions to Line 69 of New

By Phone - Order forms by calling 311. If call-

York State Form IT-201.

Employees who

City from your wages during 2014 for the

ing from outside of the five NYC boroughs,

amount due under Charter Section 1127 as

were employed by the City for only part of the

please call 212-NEW-YORK (212-639-9675).

shown on your City Wage and Withholding

year should use Table 2 in those instructions to

Tax Statements for 2013. (Attach a copy of

determine the allowable credit.

Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2014 Page 4

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