Instructions For Form It-2105 - Estimated Income Tax Payment Voucher For Individuals - New York State Department Of Taxation And Finance - 1999

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New York State Department of Taxation and Finance
IT-2105-I
Instructions for Form IT-2105
Estimated Income Tax Payment Voucher for Individuals
New York State ● City of New York ● City of Yonkers
Changes for 1999
How to complete the payment voucher — Enter the social security
number of the primary taxpayer and print the name and address in the
● The child and dependent care credit is now 100% of the federal credit
spaces provided. If your vouchers are preprinted, correct any error in your
for taxpayers with New York adjusted gross income of $35,000 or less.
social security number. To ensure that payments of estimated tax are
For taxpayers with New York adjusted gross income between $35,000
properly credited to you, this information must agree with the information
and $50,000, the credit is phased down to 20% of the federal credit.
on your New York State income tax return. Your social security number
● The city of New York school tax credit increases for city of New York
must agree with the number on your social security card. Your name must
residents under the age of 65. See the instructions for line 22 on page 3
be spelled correctly, with your first name entered first on the voucher.
for amounts.
● The city of New York highest effective rate is reduced to 3.8276%.
Calendar year filers — file on the dates shown on your voucher.
● The city of Yonkers resident income tax surcharge has been reduced to
10 percent of the New York State tax.
Fiscal year filers only — enter in the fiscal-year box the date your fiscal
General Information — Estimated tax is the amount of New York State,
year ends.
New York City and Yonkers tax you expect to owe for the year after
subtracting the amount of tax you expect to have withheld and the amount
Enter the amount(s) due as computed at the bottom of the Estimated Tax
of any credits you plan to take. If any of your income is subject to the New
Worksheet on page 2 of these instructions or line 6 of the Amended
York City or Yonkers resident income taxes or nonresident earnings taxes,
Estimated Tax Worksheet on page 4, in the appropriate space(s) on the
substitute New York City or Yonkers for New York State in the following
voucher. If you paid too much tax on your 1998 return and you choose to
instructions to determine if you are required to make estimated payments
apply the overpayment to your 1999 estimated tax, you may apply all or
of these taxes.
part of the overpayment to any installment. When computing the amounts
Who must make estimated tax payments — Generally, you must pay
to be entered in the Record of Estimated Tax Payments on page 4 of
estimated tax if you expect to owe, after subtracting your withholding and
these instructions, you may apply an estimated overpayment of New York
credits, at least $300 of either New York State, New York City or Yonkers
State, New York City or Yonkers tax to an estimated underpayment of New
tax for 1999, and you expect your withholding and credits to be less than
York State, New York City or Yonkers tax. Enter only the net amount of
the smaller of:
each installment in the appropriate space(s) on the voucher. Do not send
the voucher unless you are including a payment.
1. 90% of the tax shown on the 1999 return, or
2. 100% of the tax shown on the 1998 return (110% of that amount if you
are not a farmer or a fisherman and the New York adjusted gross
Make a check or money order payable to New York State Income Tax for
income shown on that return is more than $150,000, or, if married
the total amount due. Write your social security number(s) and 1999 Form
filing separately for 1999, more than $75,000).
IT-2105 on it.
However, if you did not file a 1998 tax return, or your 1998 return did not
cover all 12 months, item 2 above does not apply.
Attach the check or money order to the payment voucher and mail to the
address shown on the back of the voucher. Please fill in the Record of
When to pay your estimated tax — Generally, you must make your first
Estimated Tax Payments section on page 4 so that you will have a record
payment of 1999 estimated tax by April 15, 1999. You can pay all your
of your past payments.
estimated tax with the first voucher or pay it in four equal installments on
April 15, June 15, September 15, 1999, and January 18, 2000.
Statement of account — If you pay New York State estimated income tax
Changes in income, deductions or exemptions during 1999 may require
and you filed a New York State income tax return for 1997 using the same
you to amend your original estimate or to begin making estimated tax
payments after April 15, 1999. Use the Amended Estimated Tax Worksheet
identification number (social security or employer identification number),
you will receive Form IT-2105-S, Statement of Estimated Income Tax
on page 4 of these instructions to amend your original estimate. If you are
Account , as part of your estimated income tax packet. Examine this
required to begin making payments after April 15, 1999, the payment due
statement carefully and follow the instructions for Form IT-2105.1,
dates are as follows:
Reconciliation of Estimated Income Tax Account , to resolve a discrepancy,
If the requirement is met after:
Payment due date is:
if any.
March 31 and before June 1
June 15, 1999
May 31 and before September 1
September 15, 1999
If you do not receive an estimated income tax packet, you will not receive
August 31
January 18, 2000
a statement of account (i.e., you did not file a New York State income tax
If you file your 1999 New York State income tax return on or before
return for 1997, or the social security number on your estimated tax
January 31, 2000, and pay the full balance of tax due, you do not have to
account does not match the social security number on the income tax
make any payment which would otherwise be due on January 18, 2000.
return you filed for 1997). You should file your New York State income tax
Farmers and fishermen — There is only one required installment date,
return claiming estimated tax paid according to your records.
January 18th, if two-thirds or more of your federal gross income for 1998
or 1999 is from farming or fishing. You must either pay 66
2
% of your 1999
3
Penalty for underpayment of estimated tax — You may be charged a
tax by January 18, 2000, or file your New York State return by
penalty for not paying enough estimated tax, or for not making the
March 1, 2000, and pay the total tax due.
payments on time. The penalty does not apply if each payment is timely
Fiscal year — If you report your income on a fiscal-year basis, adjust the
and the total tax paid:
calendar year due dates to correspond with the fifteenth day of the fourth,
— is at least 90% (66 2/3% for farmers and fishermen) of the amount of
sixth and ninth months of your fiscal year, and the first month of your
income tax due as shown on your return for 1999; or 90% of the tax
succeeding fiscal year.
due if no return was filed; or
Where to File
— is 100% of the tax shown on your return for 1998 (110% of that amount
Use an enclosed label to mail your payment and Form IT-2105 (voucher). If
if you are not a farmer or a fisherman and the New York adjusted gross
you do not have labels, mail your payment and Form IT-2105 to:
income shown on that return is more than $150,000 or, if married filing
NYS ESTIMATED INCOME TAX, PROCESSING CENTER, PO BOX 1195,
separately for 1999, more than $75,000)(you must have filed a return for
ALBANY NY 12201-1195.
1998 and it must have been for a full 12-month year); or
— is 90% of the tax figured by annualizing the taxable income received for
Private Delivery Services
the months ending before the due date of the installment.
The date recorded or marked by certain private delivery services, as
designated by the U.S. Secretary of the Treasury or the Commissioner of
Taxation and Finance, will be treated as a postmark, and that date will be
The penalty will not apply if you are a New York State resident (or a
considered to be the date of delivery in determining whether your return
nonresident or part-year resident with New York source income) and you
was filed on time. (Designated delivery services are listed in Publication
had no tax liability for the full 12-month preceding tax year.
55, Designated Private Delivery Services . See Need Help? on page 4 of
these instructions for information on ordering forms and publications.) If
To figure the penalty yourself, get Form IT-2105.9, Underpayment of
you use any private delivery service, address your return to:
Estimated Income Tax by Individuals and Fiduciaries , and its instructions,
State Processing Center, 431C Broadway, Menands, NY 12204.
Form IT-2105.9-I.

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