Instructions For Form It-204 - Partnership Return - New York State Department Of Taxation And Finance - 2003 Page 3
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IT-204-
(2003) Page 3 of 12
nonresident partners. In addition, you do
designated delivery services are listed in
— Leave blank any entry areas that do not
not have to complete Schedule A. Include in
Publication 55, Designated Private Delivery
apply to you, and treat these blanks as
Schedule B the totals for all partners.
Services. See Need help? on page 12 for
zeros. Do not enter zero in these areas
Include on Form IT-204-ATT only a list of
information on ordering forms and
unless instructed to do so.
the resident partners. Attach a statement to
publications.) If you have used a
Name and address box
your return indicating the following:
designated private delivery service and
Enter in the spaces at the top of the return
need to establish the date you filed your
— There is no income derived from
the exact legal name, trade name, if any,
return, contact that private delivery service
New York sources by the partnership.
for instructions on how to obtain written
and address of the partnership. The legal
— All other partners in the partnership are
name is the name in which the business
proof of the date your return was given to
nonresidents of New York State.
the delivery service for delivery. If you use
owns property or acquires debt. Enter the
— There are a total of
any private delivery service, whether it is a
trade name or d/b/a (doing business as)
nonresident partners.
name if different from the legal name. Also
designated service or not, address your
— If at any time in the course of an audit it
enter the business’s employer identification
return to: State Processing Center,
is deemed necessary to have copies of
101 Enterprise Drive, Kingston NY 12401.
number, principal business activity, principal
federal Schedules K-1 for nonresident
product or service, and date the business
Amended return or federal change
partners, this information will be
was started.
available for submission.
An amended New York State partnership
NAICS business code number — Enter
return must be filed if an amended federal
If the partnership conducts business
the six-digit NAICS business activity code
partnership return is filed, or if a federal
entirely within or within and outside
number from your federal return.
audit of the partnership return changes any
New York State, include on
item of income, deduction, or tax
Lines A through G
Form IT-204-ATT all resident and
preference item previously reported to the
nonresident partners.
Answer questions A through G. For
Internal Revenue Service. The amended
question A, the definition of a portfolio
All information on Form IT-204 should be for
New York State return must be filed within
investment partnership is a limited
the calendar year January 1 through
90 days of the date the federal amended
partnership that meets the gross income
December 31, 2003, or for the fiscal year of
partnership return is filed or, in the case of
requirement of section 851 (b)(2) of the IRC
the partnership which began in 2003. If
a federal audit, within 90 days after the final
and is not a dealer (within the meaning of
filing for a fiscal year, enter the month and
determination of the change. Attach a copy
section 1236 of the IRC) in stocks or
day the tax year began, and the month, day,
of the federal report of examination
securities. For question F, enter the number
and year that it ended at the top of the front
changes and a signed statement indicating
of partners in the partnership that are
page.
you concede the federal audit changes. If
required to be listed on Form IT-204-ATT.
you do not concede the federal audit
See the instructions for Form IT-204-ATT on
Filling in your tax return
changes, attach a signed statement
page 12.
explaining why.
Form IT-204 has been designed to let us
use the latest scanning and
If you have any other New York tax
If the partnership fails to file the required
image-processing equipment. Rectangular
accounts, mark an X in the appropriate
amended return or fails to submit the
boxes have been printed on the form to
boxes on lines 1 and 2 of question G and
required partner information (showing the
guide you in making your typewritten or
enter the identification number(s).
identification number of each partner and
handwritten entries. This will enable our
the portion of the federal change allocable
Schedule A
scanning equipment to more accurately
to each), the partnership will be subject to a
read your return and let us process it more
Complete Part I if the partnership carries on
penalty of $50 per partner per month or
efficiently. Please spend a moment
business both in and out of New York State.
fraction of a month, up to a maximum of five
reviewing the method below for making
Enter the exact location of each place
months.
your entries:
where the partnership carries on business;
An amended New York State partnership
describe each place (for example, branch
— Please print (using a blue or black
return must also be filed to correct any error
office, agency, factory), and state whether it
ballpoint pen; no pencils, please) or type
on the original New York State partnership
is rented or owned by the partnership.
all X marks and money amounts in the
return, whether or not an amended federal
boxes or spaces provided.
Complete Part II if the partnership carries
partnership return was filed for that year.
— Do not use dollar signs, commas,
on business both in and out of New York
decimal points, dashes, or any other
To amend your original Form IT-204, get a
State but does not maintain books and
blank Form IT-204 for the tax year that is to
punctuation marks or symbols. All
records from which the New York business
necessary punctuation has been printed
be amended and write Amended at the top.
income can be determined.
on the form and amounts are rounded to
Complete the form, entering the corrected
Part II must still be completed even though
dollars only.
information, and attach an explanation of
it may not fairly and equitably reflect the
the changes.
— Write your numerals like this:
income from New York and an authorized
alternate allocation method is used. A
Specific instructions
detailed explanation of the authorized
Attach federal Form 1065 or 1065-B,
alternate method used to determine the
— Make your money amount entries in the
federal Schedules K-1, and all supporting
New York income must be attached,
boxes allowing one numeral for each box.
attachments to Form IT-204, including
together with full details of any changes
Form IT-204-ATT. However, if the
Example: If your entry for line 1,
increasing or decreasing the amount of
partnership conducts business entirely
column A is $23,750,500, your money
New York income computed by the
outside of New York State, and you are
field entry should look like this:
authorized alternate method.
filing a return specifically because you have
2 3 7 5 0 5 0 0
If your partnership is a partner in another
1.
a New York resident partner, you do not
partnership (hereinafter referred to as the
have to submit Schedules K-1 for
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