Form Nyc-1127 - Form For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 1999 Page 2

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Form NYC-1127 - 1999
Page 2
31. Medical and dental expenses
.......................................................................................... 31.
If you itemized deductions
32. Taxes
..................................................................................................................................... 32.
on federal Form 1040, fill
33. Interest expense
................................................................................................................. 33.
in lines 31 through 44, as
34. Gifts to charity
..................................................................................................................... 34.
reported on your New
35. Casualty and theft losses
................................................................................................. 35.
York State return (IT-201-
36. Job expenses and most other miscellaneous deductions (see instructions and
ATT, Part I or IT-203-ATT,
attach detailed schedule)
................................................................................................... 36.
Part I) and attach federal
37. Other miscellaneous deductions (attach detailed schedule)
.................................... 37.
Schedule A.
38.
(from federal Schedule A, line 28)
TOTAL ITEMIZED DEDUCTIONS
............................ 38.
39. State, local and foreign income taxes on line 32 and Sect. 1127 liability if deducted elsewhere
39.
If claiming the New York
40. Subtract line 39 from line 38
........................................................................................... 40.
standard deduction, skip
41. Other adjustments
.............................................................................................................. 41.
lines 31 through 44 and
42. Line 40 and add or subtract line 41
............................................................................... 42.
continue on line 45.
43. New York State itemized deduction adjustment (if line 30 is $100,000 or less,
enter "0") (otherwise see instructions)
......................................................................... 43.
44. New York State itemized deduction before limitation percentage (line 42 less line 43)
...... 44.
45. Amount from line 30, column B, page 1 (total New York City income)
.................................................................................
45.
46.
:
NEW YORK CITY DEDUCTION
Partial-year employees must prorate
standard deduction and dependent
line 30, column B
$
%
a. Compute limitation percentage:
=
46a.
exemption amounts based on num-
line 30, column A
$
ber of months employed by NYC.
b. ( ) only one box
Standard deduction (enter amount from instructions) ........................................................................................................
OR
46b.
Itemized deduction - $_____________________ X _____________________
%
....................................................
=
amount from line 44
% from line 46a
47. Line 45 less line 46b
........................................................................................................................................................................
47.
48.
No exemption is allowed for employee or spouse.
NEW YORK DEPENDENT EXEMPTION FROM NYS RETURN
(If married filing separately for Section 1127 purposes, apply the limitation percentage from line 46a.)
(see instructions)
(
)
_______________ X 1000
____________ % =
48.
.............................................................................................................
X
# of exemptions
% from line 46a
49. New York City income subject to Section 1127 (line 47 less line 48)
....................................................................................
49.
50. Liability on amount from line 49 (see liability rate schedules and instructions)
50.
..................................................................
IV
V
VI from IT-201 Instructions
51. New York City household credit from New York City table
,
or
...............................
51.
52. UBT Paid Credit (see instructions) ..............................................................................................................................
52.
53. Subtract lines 51 and 52 from line 50
..........................................................................................................................................
53.
54. Add: liability for other New York City taxes (see instructions)
.................................................................................................
54.
55. Total liability (add line 53 and line 54)
55.
..........................................................................................................................................
EMPLOYEE
SPOUSE
PAYMENTS AND CREDITS
Refunds cannot be processed
56. NYC tax reported on NYS return (Form IT-200,
unless complete copy of NYS
lines 24 and 25; Form IT-201, lines 49 and 50;
return, including all schedules,
Form IT-203, lines 49 and 50; Form IT-100
-
(see
and wage and tax statement
....
56.
instructions) (Partial-year employees - see instructions)
(Form 1127.2) are attached.
57. New York City School Tax Credit
57.
(see instructions)
58. Payment pursuant to agreement under
Section 1127 of City Charter (Form 1127.2)
58.
.
59.
Total allowable payments & credits (add lines 56, 57, 58)
59.
60.
if line 55 is larger than line 59, enter balance due. Enter payment amount on line A, page 1
BALANCE DUE -
............
60.
61.
if line 55 is smaller than line 59, enter overpayment
61.
OVERPAYMENT -
....................................................................................
C E R T I F I C AT I O N
I hereby certify that this return, including any accompanying rider, is, to the best of my knowledge and belief, true, correct and complete.
'
PREPARER
S
SIGNATURE OF PREPARER OTHER THAN TAXPAYER
EIN OR SSN
YOUR SIGNATURE
SIGN
USE
HERE
DATE
ONLY
'
(if both are City employees subject to
ADDRESS
DATE
SPOUSE
S SIGNATURE
Charter §1127 and filing a joint Form NYC-1127)
ATTACH:
ATTACH FULL AMOUNT FROM LINE 60.
To receive proper
MAIL TO:
1. Complete copy of NYS Income Tax Return including all
credit, you must enter
Make remittance payable to the
NYC Department of Finance
schedules
order of:
your correct Social
Section 1127 Unit
2. Wage and withholding statement (Form 1127.2)
NYC DEPARTMENT OF FINANCE.
Security Number on
3. Copy of federal Schedule A, if itemizing deductions
25 Elm Place, 3rd Floor
4. Copies of all W-2's, if applicable
Brooklyn, NY 11201-5807
your tax return and
Payment must be made in U.S.
5. If claiming line of duty injury deduction, provide verifi-
dollars, drawn on a U.S. bank.
remittance.
cation from agency

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