Instructions For Form It-2105 - Estimated Income Tax Payment Voucher For Individuals - New York State Department Of Taxation And Finance - 1999 Page 2
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IT-2105-I (1999)
How to figure your estimated tax — Complete the worksheet below to
your estimated tax. Use your 1998 income and deductions as a starting
figure your 1999 estimated tax. Use your 1998 New York State, city of New
point and make any necessary adjustments for 1999. Line instructions for
York and city of Yonkers tax return and instructions as a guide for figuring
the worksheet are on page 3 of these instructions.
Estimated Tax Worksheet
New York State
City of New York
City of Yonkers
(See instructions on page 3.)
1
1
Enter amount of New York adjusted gross income you expect in 1999 . . . .
2
2
Enter either your standard or estimated itemized deduction . . . . . . . . . . . . .
3
3
Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4
Exemption for dependents
(multiply $1,000 times number of dependents)
. . . . . .
5
5
Estimated New York State taxable income
. . . . . . .
(subtract line 4 from line 3)
6
6
New York State tax on amount on line 5
. . . . . . . . . .
(see instructions, page 3)
7
City of New York resident tax on amount on line 5
(use City of
7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
New York Tax Rates on page 4)
8
8
City of New York household credit and city of New York accumulation distribution credit . . .
9
9
Subtract line 8 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
10
City of New York tax on ordinary income portion of lump-sum distribution . . . . .
11
11
Add lines 9 and 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
12
City of New York UBT credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
13
Subtract line 12 from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
14
City of New York nonresident earnings tax
. . . . . . . . . . . . .
(from Form NYC-203)
15
15
Add lines 13 and 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Enter household credit; nonresidents and part-year residents also enter
child and dependent care credit and earned income credit
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
(see instructions, page 3)
Subtract line 16 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
18
Other taxes
(see instructions, page 3)
. . . . . . 19
19
Add lines 17 and 18
(City of New York column - also add lines 15 and 18)
. . . . . . . . . . . . . . . . . . . 20
20
Other nonrefundable credits
(see instructions, page 3)
21
Total estimated New York State and city of New York tax
New York State column: subtract line 20 from line 19; City of New York column:
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
enter amount from line 19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
22
Refundable credits
(see instructions, page 3)
. . . . . . . . . . . . 23
23
New York State/City estimated tax
(subtract line 22 from line 21)
24a
24
City of Yonkers: (a) resident tax surcharge
. . . . .
(multiply line 23 by 10% (.10))
24b
(b) nonresident earnings tax
. . . . . . . . . . . .
(from Form Y-203)
24c
(c) total
. . . . . . . . . . . . . . . . . . . . . . . . .
(add lines 24a and 24b)
25
Totals
( New York State column, line 23; City of New York column, line 23;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
City of Yonkers column, line 24c)
% for farmers and fishermen) . . . . . . . . . . . . . 26
2
26
Multiply line 25 by 90% (66
⁄
3
27
Enter 100% of the tax shown on your 1998 income tax return
(110% of that amount if you are not a farmer or a fisherman and the
New York adjusted gross income shown on that return is more than
27
$150,000; or, if married filing separately for 1999, more than $75,000)
28
Enter the smaller of line 26 or 27. This is your required annual payment
.
(see instructions for Penalty for underpayment of estimated tax on page 1)
Caution: Generally, if you do not prepay (through income tax withholding
and estimated tax payments) at least the amount on line 28, you may
owe a penalty for not paying enough estimated tax. To avoid a penalty,
make sure your estimate on line 25 is as accurate as possible. If you
prefer, you may pay 100% of your 1999 estimated tax (line 25) . . . . . . . . . . 28
Estimate of income tax to be withheld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
29
30
Balance
. If any amount on this line is $300 or
(subtract line 29 from line 28)
more, fill out and file the payment voucher along with your payment. If
any amount on this line is less than $300, no payment is required at this
time. If you are applying an overpayment from 1998 to 1999, see
instructions for How to complete the payment voucher . . . . . . . . . . . . . . . 30
Computation of installments:
Enter in the appropriate spaces on the voucher (less any
If the first installment is paid:
1998 overpayment you are applying to this installment):
April 15, 1999
1
⁄
(.25) of line 30
4
June 15, 1999
1
⁄
(.50) of line 30
2
3
September 15, 1999
⁄
(.75) of line 30
4
January 18, 2000
amount on line 30
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