Forn Nyc-204ez - Unincorporated Business Tax Return For Partnerships - 2013 Page 2

Form NYC-204EZ - 2013

Page 2

INSTRUCTIONS

TABLE OF MAXIMUM ALLOWED INCOME FROM BUSINESS

If total income from business

NUMBER OF MONTHS

MAXIMUM TOTAL

Check the box marked "9/11/01-related tax benefits" on this form if you claim any of the fol-

IN BUSINESS

INCOME FROM BUSINESS

lowing benefits on your federal return: (i) bonus depreciation or a deduction under IRC

after deduction for active

1 .................................. $85,416

§179 for property in the Resurgence Zone, whether or not you file form NYC-399Z, (ii) IRC

2 .................................. $85,833

partners’ services is more

3 .................................. $86,250

§1033 treatment for property converted due to the attacks on the World Trade Center. At-

than $90,000, you must use

4 .................................. $86,667

tach Federal forms 4562, 4684 and 4797 to this return. See instructions for Form NYC 204,

5 .................................. $87,083

Form NYC-204

Sch. B, lines 14d and 20.

6 .................................. $87,500

7 .................................. $87,917

Special Condition Codes - At the time this form is being published, there are no special

8 .................................. $88,333

9 .................................. $88,750

condition codes for tax year 2013. Check the Finance website for updated special condi-

FIFTEEN OR MORE CALENDAR

10 ................................. $89,167

tion codes. If applicable, enter the two character code in the box provided on the form.

DAYS CONSTITUTES ONE MONTH

11 ................................. $89,583

12 ................................. $90,000

Line 2.

Enter the net amount of the partners' distributive shares of income and deduction items not included in line 1 but required to be reported separately on federal Form 1065. Attach a schedule.

Line 3.

Enter the amount of income and unincorporated business taxes

imposed by New York City, New York State or any other taxing jurisdiction that was deducted in computing the amounts on lines 1 or 2. Attach a schedule.

Line 5.

Enter on this line the amount included in line 4 that represents the net income or net loss from an activity that is not an unincorporated business carried on by the taxpayer wholly

or partly in the City. See Instructions for Form NYC-204 "Who is Subject to the Tax." For this purpose:

(i) exclude the income or loss of an entity, other than a dealer as defined in Ad. Code §11-501(1), that, for its own account, engaged solely in the purchase, holding or sale of prop-

erty, transactions in positions in property, or the acquisition, holding or disposition, other than in the ordinary course of business, of interests in other unincorporated entities that

are themselves engaged solely in the foregoing activities. NOTE: entities receiving $25,000 or less of gross receipts from other activities may still be eligible for this exclusion.

Ad. Code §11-502(c)(3). However, entities eligible for the partial self-trading exemption under Ad. Code §11-502(c)(4) are not eligible for this exclusion and may not use this form.

(ii) for taxable years beginning on or after July 1, 1994, exclude the income, gain or loss from real property held to produce rental income or from the disposition of such property

by an entity, other than a dealer. Also exclude income or loss from a business conducted at the property solely for the benefit of tenants at the property that is not open to the

public, and eligible income from parking services rendered to tenants. See Ad. Code §11-502(d).

(iii) exclude the income or loss from any separate and distinct activity carried on wholly outside of New York City.

(iv) for tax years beginning on or after August 1, 2002, exclude all of the federal taxable income of partnerships that receive 80% or more of their gross receipts from charges for

the provision of mobile telecommunications services to customers and exclude a partner's distributive share of income, gains, losses and deductions from any partnership

subject to tax under Ad. Code Title II, Ch. II as a “utility” as defined in Ad. Code section 11-1101(6), including its share of separately reported items.

Line 7.

A deduction may be claimed for reasonable compensation for personal services rendered by the partners. The allowable deduction is the lower of (i) 20% of line 6 (if greater than

zero) or (ii) $10,000 for each active partner.

Preparer Authorization: If you want to allow the Department of Finance to discuss your return with the paid preparer who signed it, you must check the "yes" box in the signature area

of the return. This authorization applies only to the individual whose signature appears in the "Preparer's Use Only" section of your return. It does not apply to the firm, if any, shown in

that section. By checking the "Yes" box, you are authorizing the Department of Finance to call the preparer to answer any questions that may arise during the processing of your re-

turn. Also, you are authorizing the preparer to:

u Give the Department any information missing from your return,

u Call the Department for information about the processing of your return or the status of your refund or payment(s), and

u Respond to certain notices that you have shared with the preparer about math errors, offsets, and return preparation. The notices will not be sent to the preparer.

You are not authorizing the preparer to receive any refund check, bind you to anything (including any additional tax liability), or otherwise represent you before the Department. The authorization cannot be re-

voked, however, the authorization will automatically expire no later than the due date (without regard to any extensions) for filing next year's return. Failure to check the box will be deemed a denial of authority.

ADDITIONAL REQUIRED INFORMATION

The following information must be entered for this return to be complete.

1.

New York State Sales Tax ID Number - Enter 9, 10 or 11 Digits:

Did you file a NYC Partnership Return in 2011? ....................................................................................................

YES

NO

2.

n

n

3.

Did you file a NYC Partnership Return in 2012? ....................................................................................................

YES

NO

n

n

Has the Internal Revenue Service or the New York State Department of Taxation and Finance increased

4.

or decreased any taxable income (loss) reported in any tax period, or are you currently being

audited?.......................n

YES

NO

n

If "yes," by whom?

Internal Revenue Service

New York State Department of Taxation and Finance

n

n

State periods: _________________________________________________________ and answer (4).

5.

Has Form(s) NYC-115 (Tax Report of Change in Taxable Income Made by IRS or New York State) been filed?

...................n

YES

NO

n

6.

At any time during the taxable year, did the partnership have an interest in real property

located in NYC or in an entity owning such real property?......................................................................................

YES

NO

n

n

If "YES" to 6:

7.

Was there a partial or complete liquidation of the partnership? .......................................................................

YES

NO

a)

n

n

b)

Was 50% or more of the partnership interests transferred in the last 3 years or according to a plan?............................

YES

NO

n

n

8.

If "YES" to 7a or 7b, was a Real Property Transfer Tax Return filed? .....................................................................

YES

NO

n

n

9.

If "NO" to 8, explain: (attach additional sheet if necessary) ___________________________________________________

10. Is this taxpayer subject to the Commercial Rent Tax?............................................................................................

YES

NO

n

n

11. If "YES", were all required Commercial Rent Tax Returns filed? ...........................................................................

YES

NO

n

n

Please enter Employer Identification Number___________________________ and Account ID___________________________

PRIVACY ACT NOTIFICATION

The Federal Privacy Act of 1974, as amended, requires agencies requesting Social Security Numbers to inform individuals from whom they seek this infor-

mation as to whether compliance with the request is voluntary or mandatory, why the request is being made and how the information will be used. The dis-

closure of Social Security Numbers for taxpayers is mandatory and is required by section 11-102.1 of the Administrative Code of the City of New York for tax

administration purposes and will be used to facilitate the processing of tax returns.

MAILING INSTRUCTIONS

The due date for calendar year 2013 is on or before April 15, 2014.

RETURNS CLAIMING REFUNDS

ALL OTHER RETURNS

For fiscal years beginning in 2013 file by the 15th day of the

NYC DEPT. OF FINANCE

NYC DEPT. OF FINANCE

fourth month following the close of the fiscal year.

UNINCORPORATED BUSINESS TAX

UNINCORPORATED BUSINESS TAX

To receive proper credit, you must enter your correct Employer

P.O. BOX 5564

P.O. BOX 5563

Identification Number on your tax return.

BINGHAMTON, NY 13902-5564

BINGHAMTON, NY 13902-5563

60921391

Download forms and instructions online at nyc.gov/finance or call 311. If calling from outside of the five NYC boroughs, please call 212-NEW-YORK (212-639-9675).