Instructions For Form It-204 - Partnership Return - New York State Department Of Taxation And Finance - 2004 Page 4
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Page 4 of 12 IT-204-
(2004)
Third-party designee
business, the value of the building is
(PTIN). If you did not prepare a federal income
determined in the same manner as if it were
tax return for the taxpayer, you must use your
If you want to authorize a friend, family
owned by the business.
PTIN if you have one; otherwise, use your
member, or any other person (third-party
social security number.
designee) you choose to discuss your 2004
Line 3 Tangible personal property owned
tax return with the New York State Tax
Enter in column A the average value
Enter your daytime telephone number
Department, mark an X in the Yes box in the
including the area code. This voluntary entry
(determined in accordance with the instruction
Third-party designee area of your return. Also
will enable the Tax Department to correct
for line 1) of all tangible personal property
enter the designee’s name, phone number,
minor errors or omissions by calling you rather
(including any inventory) owned by the
and any five numbers the designee chooses
than writing or sending back your return. You
business. Enter in column B the average value
as his or her personal identification number
are not required to give your telephone
of tangible personal property located in
(PIN). If you want to authorize the paid
number.
New York State.
preparer who signed your return to discuss it
with the Tax Department, just enter Preparer
Line 4 Property percentage — Add lines 1,
Schedule B
in the space for the designee’s name. You do
2, and 3 in columns A and B and enter each
Complete Parts I and II, and include the totals
not have to provide the other information
total on line 4. Divide the column B total by the
for all partners of the partnership.
requested.
column A total and round the result to the
fourth decimal place. For example, if the total
You must complete Part III if the partnership
If you mark an X in the Yes box, you (and your
in column A is $15,000 and the total in
conducts business in and out of New York
spouse, if filing a combined return) are
column B is $10,000, divide $10,000 by the
State and the partnership’s allocation
authorizing the Tax Department to discuss
$15,000 and enter the result (.6667) as a
percentage to New York State is less than
with the designee any questions that may
percentage (66.67%) in column C.
100%.
arise during the processing of your return. You
are also authorizing the designee to:
Line 5 Payroll percentage — The amounts
Part I — Partners’ New York
to be entered on line 5 include wages, etc.,
• give the Tax Department any information
modifications to federal items
paid only to employees of the partnership. Do
that is missing from your return,
Any of the listed modifications are to be added
not include payments to independent
• call the Tax Department for information
to or subtracted from each partner’s federal
contractors, independent sales agents, etc.
about the processing of your return or the
adjusted gross income or federal itemized
Enter on line 5 in column A the total of such
status of your refund or payment(s), and
deductions on the partner’s New York State
pay to employees during the tax year for
income tax return in arriving at the partner’s
partnership operations carried on both in and
• respond to certain Tax Department notices
total New York income and New York itemized
out of New York State. Enter on line 5 in
that you shared with the designee about
deduction, respectively.
column B the amount of that pay for
math errors, offsets, and return preparation
operations carried on in New York State.
(the notices will not be sent to the
You must enter only the total New York
Operations are considered to be carried on in
designee).
modifications to federal items in the Total
New York State if the employee works in or
column. However, you must still inform each
You are not authorizing the designee to
travels out of an office or other place of
partner of their share of the total amount for
receive any refund check, bind you to anything
business located in New York State. If in
each item reported in Schedule B since the
(including any additional tax liability), or
Schedule B, line 12, you subtracted an amount
partners need this information to complete
otherwise represent you before the Tax
based on wages not allowed because of either
their individual tax returns.
Department. If you want the designee to
the Indian employment credit, a work
perform those services for you, you must file
opportunity credit, or an empowerment zone
Ways you can inform each partner of his or
Form POA-1, Power of Attorney, making that
employment credit, this change should be
her share of New York modifications to federal
designation with the Tax Department. Copies
reflected here in wages and salaries paid
items include but are not limited to:
of statutory tax notices or documents (such as
during the year. Divide the column B total by
a Notice of Deficiency) will only be sent to
• a separate letter to each partner, or
the column A total. Round the result to the
your designee if you file Form POA-1.
fourth decimal place and enter it as a
• a notation in the margin or at the bottom of
percentage in column C.
the federal Schedule K-1.
The third-party designee authorization cannot
be revoked. However, the authorization will
Line 6 Gross income percentage — The
Use lines 9 and 10 to list only those
automatically end on the due date (without
amount to be entered on line 6 in column A is
modifications to federal adjusted gross income
regard to extensions) for filing your 2005 tax
total gross sales made, or charges for
on the individual returns of the partners. Use
return. For most taxpayers the due date will be
services performed, by the partners or by
lines 11 and 12 for those modifications that
April 17, 2006.
employees, agents, agencies, or independent
apply to the partners’ federal itemized
contractors of the partnership in and out of
deductions.
Signatures
New York State. The amount to be entered on
line 6 in column B is the part of total gross
Line 9 New York State additions — On
A general partner must sign Form IT-204.
sales or charges that represents sales made
a separate schedule identify any of the
Anyone you pay to prepare the partnership
or services performed by or through an
following additions that apply to the
return must also sign it and fill in the other
agency in New York State. This includes sales
partnership by writing the item number(s)
blanks in the paid preparer’s area of the
made or services performed by employees,
(A-1 through A-18) and the amount of
return. The paid preparer required to sign the
agents, agencies, or independent contractors
each addition. Enter the total amount of
partnership return must sign it by hand;
situated at, connected with, or sent out from
the additions on line 9 in the Total column.
signature stamps or labels are not acceptable.
offices of the partnership (or its agencies)
If someone prepares the return and does not
A-1 Personal income taxes and
located in New York State. For example, if a
charge you, the paid preparer’s area should
unincorporated business taxes deducted in
salesman working out of the New York office of
not be filled in.
determining partnership ordinary income
the business covers the states of New York,
New Jersey, and Pennsylvania, all sales made
No personal income taxes can be deducted by
Note to paid preparers — When signing a
by him are to be allocated to New York State
the partners in determining their New York
taxpayer’s New York State income tax return,
and included on line 6 in column B. Divide the
taxable incomes.
you must enter the same identification number
column B total by the column A total. Round
that you used on the taxpayer’s federal return,
If the partnership included a deduction for
the result to the fourth decimal place and enter
either your social security number or your
state, local, or foreign income taxes, or
it as a percentage in column C.
federal preparer tax identification number
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