Form It-370-Pf - Application For Automatic Extension Of Time To File For Partnerships And Fiduciaries - 1998 Page 2

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IT-370-PF-I
New York State Department of Taxation and Finance
Form IT-370-PF and Instructions
Application for Automatic Extension of Time to File for Partnerships and Fiduciaries
of the due date of the return, we will accept a copy of federal
General —
When submitting an application for an automatic
Form 8736. Send the copy of federal Form 8736 on or before the due
extension of time to file, full remittance must be made of the amounts
date of the return and attach another copy to the return when you file
properly estimated as New York State, city of New York and city of
it.
Yonkers personal income tax or filing fee remaining unpaid as of the
Estates file Form IT-370-PF. A copy of federal Form 2758, Application
due date for filing the income tax return.
for Extension of Time To File Certain Excise, Income, Information, and
Purpose —
File Form IT-370-PF on or before the due date of the
Other Returns, will not be accepted because of the difference in the
return to get an automatic three-month extension of time to file
length of time of the extensions.
Form IT-204, Partnership Return, or Form IT-205, Fiduciary Income
Payment of Tax or Filing Fee —
An automatic extension of
Tax Return (including attachments).
time to file Form IT-205 or Form IT-204 is obtained by filing
If you have to file Form NYC-206, City of New York Nonresident
Form IT-370-PF on or before the due date for filing Form IT-205 or
Fiduciary Earnings Tax Return, or Form Y-206, City of Yonkers
Form IT-204. Form IT-370-PF must indicate the properly estimated
Nonresident Fiduciary Earnings Tax Return, the time to file is
amount of tax liability or filing fee and must be accompanied by a full
automatically extended when you file Form IT-370-PF.
remittance of the properly estimated tax or full payment of the filing
You may file Form IT-204 or Form IT-205 any time before the
fee due.
three-month extension period ends.
Penalties —
There is a penalty for paying the tax late. We cannot
When to File —
accept extension applications filed after the due date of your return.
File one completed Form IT-370-PF on or before
the filing deadline for the return. For calendar year 1998, the filing
Late payment penalty — If you do not pay the tax liability or full
deadline is April 15, 1999. Extension applications filed after the filing
amount of filing fee when due (determined with regard to any valid
deadline of the return will be rejected.
extension of time to pay), you will have to pay a penalty of
1
of 1% of
2
the unpaid amount for each month or part of a month it is not paid, up
How to File —
Complete a separate Form IT-370-PF for each
to a maximum of 25%. The penalty will not be charged if you can
partnership, (including limited liability companies (LLCs), limited liability
show reasonable cause for paying late. This penalty is in addition to
investment companies (LLICs), and limited liability trust companies
the interest charged for late payments.
(LLTCs) treated as partnerships), each limited liability partnership and
Reasonable cause will be presumed with respect to the addition to tax
each estate or trust for which you are extending the time to file. An
for late payment if the requirements relating to extensions of time to
extension of time to file Form IT-204 or IT-205 will not extend the time
file have been complied with, the balance due shown on the income
for filing with New York State the income tax returns of the partners of
tax return is no greater than 10% of the total tax shown on the income
a partnership or the beneficiaries of an estate or trust. Form IT-370-PF
tax return, and the balance due shown on the income tax return is
must be filed with payment for any tax or filing fee owed on or before
paid with the return. Reasonable cause will not be presumed for
the due date of the return.
failure to pay 100% of the filing fee.
For an automatic three-month extension of time to file:
Late filing penalty — If you do not file Form IT-205 or Form IT-204
Partnerships (including LLC’s, LLIC’s, and LLTC’s treated as
when due (determined with regard to any extension of time to file), or
partnerships) and limited liability partnerships file Form IT-370-PF by
if you do not file Form IT-370-PF on time and obtain an extension of
the due date of the return. Partnerships except LLCs, LLICs, LLTCs, or
time to file, you will have to pay a penalty of 5% of the tax due for
LLPs may file a copy of federal Form 8736, Application for Automatic
each month, or part of a month, the return is late up to a maximum of
Extension of Time To File U.S. Return for a Partnership, REMIC, or for
25%. However, if the return is not filed within 60 days of the time
Certain Trusts, by the due date of the return and attach another copy
prescribed for filing a return (including extensions), this penalty will not
to the return when you file it.
be less than the lesser of $100 or 100% of the amount required to be
Trusts file Form IT-370-PF by the due date of the return or, if the trust
shown as tax or filing fee due on the return reduced by any tax or
expects to receive a refund or anticipates having no amount of New
filing fee paid and by any credit that may be claimed. The penalty will
York State, New York City, or Yonkers income tax remaining unpaid as
not be charged if reasonable cause for filing late is shown.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Tear here
For office use only
New York State Department of Taxation and Finance
Application for Automatic Extension of Time to File for Partnerships and Fiduciaries
Legal name or name of estate or trust
IT-370-PF
Trade name of business, if different from legal name above, or name and title of fiduciary
Employer identification number
Address
(number and street or rural route)
ZIP code
This is not an extension of time for
City, village or post office
State
payment of tax (see Penalties and
Interest in the instructions ).
,
,
1
1 New York State tax liability for 1998 ......................................................................................................
,
,
2
2 City of New York tax liability for 1998 ....................................................................................................
,
,
3
3 City of Yonkers tax liability for 1998 ......................................................................................................
,
,
4
4 Total taxes
..............................................................................................................
(add lines 1, 2, and 3)
5 Total payments for 1998. This is the amount you expect
to enter on Form IT-205, line 37 (excluding amount
,
,
5
paid with Form IT-370-PF) ...................................................................................................................
,
,
6 Balance due
........................
6
(subtract line 5 from line 4; if line 5 is more than line 4, enter ‘‘0’’) (see the back)
This is a scannable form; please file this original with the Tax Department.
IT-370-PF 1998

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