Form Nyc-206 - City Of New York Nonresident Fiduciary Earnings Tax Return (1998) Page 2
Download a blank fillable Form Nyc-206 - City Of New York Nonresident Fiduciary Earnings Tax Return (1998) in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Nyc-206 - City Of New York Nonresident Fiduciary Earnings Tax Return (1998) with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3For office use only
New York State Department of Taxation and Finance
City of New York Nonresident
NYC-206
Fiduciary Earnings Tax Return
–
–
9 8
For the full year January 1, 1998, through December 31, 1998, or fiscal tax year beginning
–
–
and ending
Attach this return to the back of Form IT-205.
Employer identification number
Name of estate or trust
Name and title of fiduciary
A.
Check this box if the income reported on this return represents an allocated portion of income from services performed, or
from sources, in and out of the city of New York. If so, attach a detailed statement of the allocation
(see instructions below).
Calculation of Earnings Tax
1
1 Gross wages and other employee compensation
. .
(attach employee’s wage and tax statement)
2
2 Allowable exclusion
. . . . . . . . . . . . . . . . . . .
(see instructions; use Exclusion Table on back)
3
3 Taxable amount of wages
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(subtract line 2 from line 1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 Tax on wages
(multiply line 3 by .45% (.0045))
5
5 Net earnings from self-employment
. . . . . .
(attach detailed statement; see instructions)
6 Amount of line 5 paid or permanently set aside for charitable purposes
6
(attach schedule)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7 Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 Amount of line 5 distributed or distributable to city of New York residents
8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(attach schedule)
9
9 Subtract line 8 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . 10
10 Allowable exclusion
(see instructions; use Exclusion Table on back)
11
11 Taxable amount of net earnings from self-employment
(subtract line 10 from line 9)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
12 Tax on net earnings from self-employment
(multiply line 11 by .65% (.0065))
,
13
13 Total nonresident earnings tax
(add lines 4 and 12; enter here and on Form IT-205, line 24)
. . . . . . . . . . . . . .
•
Instructions
Allocation of wages
General
If wage or salary income does not depend directly on the volume of
You may wish to obtain a copy of Form IT-205-P before completing this
business transacted, divide the number of days worked in New York City
return. There are additional general instructions found within that packet
by the total number of days (excluding nonwork days, such as Saturdays,
relating to the city of New York nonresident fiduciary earnings tax return.
Sundays, holidays, sick leave, vacation, etc.) worked both in and out of the
To get a copy, call our forms and publications toll-free number at
city during the year. Multiply the total wage or salary income for the year
1 800 462-8100. From areas outside the U.S. and outside Canada, call
by this percentage. This is the amount of wages allocated to New York
(518) 485-6800.
City.
New for 1998
Work days are days on which the individual who earned wages was
required to perform the usual duties of employment. This does not
Taxpayer Bill of Rights - Claim of Right - Form IT-257
ordinarily include activities carried on at home. Attach a schedule to the
If the estate or trust was eligible for a claim of right credit on its federal
return showing how you figured this allocation.
return, the estate or trust may also be eligible for a refundable credit
against its city of New York nonresident earnings tax on its New York State
If the income subject to the allocation depends entirely on the volume of
return. To claim this credit, file new Form IT-257, Claim of Right Credit and
business transacted, as in the case of a salesperson working on
attach it to Form IT-205.
commission, do not allocate the income based on the number of days
worked in New York City. Instead, divide the volume of business transacted
in New York City by the total volume of business transacted both in and
Who Must File
out of the city by that person. Multiply the total income subject to allocation
The fiduciary of a nonresident estate or trust must file Form NYC-206, City
by this percentage. This is the amount of income allocated to New York
of New York Nonresident Fiduciary Earnings Tax Return , if the estate or
City. The location where the services or sales activities were actually
trust has income from wages or net earnings from self-employment in New
performed determines where business is transacted. Attach a schedule to
York City. This form must be attached to New York State Form IT-205,
the return showing how you figured this allocation.
Fiduciary Income Tax Return. More general instructions for who must
file the nonresident fiduciary earnings tax are in the fiduciary income
If the income earned from personal services was allocated differently than
tax return packet, IT-205-P, on page 1.
that covered in the preceding paragraphs, attach a schedule showing
complete details.
Print or type the name of the estate or trust and the name and title of the
Allocation of net earnings from self-employment
fiduciary in the spaces provided. Enter the federal employer identification
number of the estate or trust.
If the business that produces the earnings has no regular place of
business out of New York City, allocate all net earnings from
self-employment to the city.
Item A
If wages or net earnings from self-employment were earned partially in
If the books and records fairly and equitably show net earnings from
New York City, you must determine the amounts to be allocated to the city
self-employment in New York City, figure the part to be allocated to the city
as follows.
from these books and records.
061894
This is a scannable form; please file this original return with the Tax Department.
NYC-206
1998
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial