Form Nyc 1127 - Form For Nonresident Employees Of The City Of New York - 2003 Page 2

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Form NYC-1127 - 2003
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.
..............................................................................................
Schedule C) and attach
37. Other miscellaneous deductions (attach detailed schedule)
................................
37.
federal Schedule A.
38.
(from federal Schedule A, line 28)
38.
TOTAL ITEMIZED DEDUCTIONS
.......................
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.
lines 40 and 41
Total of
..................................................................................................
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.
44a. College tuition itemized deduction....................................................................................
44a.
Add lines 44 and 44a........................................................................................................
44b.
44b.
45. Amount from line 30, column B, page 1 (total New York City income)
.............................................................................
45.
46.
:
(See Instructions)
NEW YORK CITY DEDUCTION
Part-year employees must prorate
standard deduction and dependent
line 30, column B
$
%
a. Compute limitation percentage:
=
46a.
exemption amounts based on number
line 30, column A
$
of months employed by NYC.
b. ( ) only one box
Standard deduction (enter amount from instructions) ..............................................................................................
OR
46b.
%
Itemized deduction - $_____________________ X _____________________
..............................................
=
amount from line 44b
% 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.
51. Liability for other New York City taxes (see instructions)
51.
........................................................................................................
52. Total of lines 50 and 51...............................................................................................................................................
52.
53. Nonrefundable credits:
.....
a.
NYC household credit from IT-201 Instructions NYC table IV, V or VI
53a.
b.
UBT Paid Credit (see instructions)
53b.
....................................................................
c.
Other NYC taxes (see instructions)
...................................................................
53c.
..
d.
NYC Claim of Right Credit from Form IT-201-ATT, line 80 or IT-203-B, line 65 (attach Form IT-257)
53d.
e.
New York City School Tax Credit (see instructions)..........................................
53e.
53.
TOTAL of lines 53a through 53e .............................................................................................................................................
54. Total Liability. Subtract line 53 from line 52. If line 53 is greater than line 52, enter “0” ..........................................
54.
55. Payment pursuant to agreement under City Charter §1127 (from Form 1127.2)
55.
.............................................................................
56.
56.
BALANCE DUE - if line 54 is larger than line 55, enter balance due. Enter payment amount on line A, page 1 (See Instr.).............
57.
- if line 54 is smaller than line 55, enter overpayment (See Instr.)
OVERPAYMENT
REFUNDS CANNOT BE PROCESSED UNLESS COMPLETE COPY OF NYS RETURN,
INCLUDING ALL SCHEDULES, AND WAGE AND TAX STATEMENT (FORM 1127.2) ARE ATTACHED. ......................................................
57.
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.
I authorize the Dept. of Finance to discuss this return with the preparer listed below. (see instructions) ..............................YES
SIGNATURE OF PREPARER OTHER THAN TAXPAYER
EIN OR SSN OR PTIN
YOUR SIGNATURE
SIGN
'
PREPARER
S
HERE
USE
ONLY
DATE
(if both are City employees sub-
'
SPOUSE
S SIGNATURE
ADDRESS
DATE
ject to Charter §1127 and filing a joint Form NYC-1127)
ATTACH:
PAY FULL AMOUNT SHOWN ON LINE 56
To receive proper
MAIL TO:
Make remittance payable to the
1. Complete copy of NYS Income Tax Return, including all schedules
credit, you must enter
2. Wage and withholding statement (Form 1127.2)
order of:
your correct Social
NYC Dept. of Finance
3. Copy of federal Schedule A, if itemizing deductions
Security Number on
NYC DEPARTMENT OF FINANCE
P. O. Box 5090
4. Copies of all W-2's, if applicable
your tax return and
Payment must be made in U.S.
5. If claiming line of duty injury deduction, provide verification from agency
Kingston, NY 12402-5090
remittance.
dollars, drawn on a U.S. bank.
80020395

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