Form It-205-T - Allocation Of Estimated Tax Payments To Beneficiaries - 2012 Page 2
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1
2Instructions
IT-205-T (2012) (back)
Purpose of form
return, you can help the New York State Tax Department credit the
proper account by providing the social security number, if known, of
A trust or a decedent’s estate (for its final tax year) may elect under
the beneficiary’s spouse. However, this is an optional entry.
Tax Law section 685(c)(6)(D) or (F), as applicable, to have any part
of its estimated tax payments treated as made by a beneficiary or
Column C – Amount of estimated tax payment allocated to
beneficiaries. The fiduciary must file Form IT-205-T to make the
beneficiary
election. Once made, the election is irrevocable.
For each beneficiary, enter the amount of estimated income tax
payment credited to that beneficiary.
How to file
Submit Form IT-205-T with Form IT-205, Fiduciary Income Tax
Column D – Proration percentage
Return, only if you are making the election with Form IT-205.
For each listed beneficiary, divide the amount shown in column C by
Otherwise, file Form IT-205-T separately.
the amount shown on line 1. Round the result to the fourth decimal
place, and enter the result as a percentage.
When to file
Additional sheets – If you are allocating a payment of estimated
Trusts must file Form IT-205-T on or before the 65th day after the
taxes to more than 16 beneficiaries, list the additional beneficiaries
close of the tax year for the section 685(c)(6)(D) election to be valid.
on an additional Form IT-205-T or a separate sheet. Follow the
Estates must file Form IT-205-T on or before the 65th day after the
format shown on the front of this form if you use a separate sheet
close of the tax year in which the estate is terminated.
(be sure to include your name and taxpayer identification number).
If you use another Form IT-205-T, fill in the page box at the top right
When the due date falls on a Saturday, Sunday, or legal holiday, you
for each form used.
may file on the next business day.
Line 2 – Enter on line 2 the column C total, including the total from
Where to file
any separate sheet(s). If you use more than one sheet, include this
total on the last page. This combined total must equal the amount
Mail all returns to:
entered on line 1.
STATE PROCESSING CENTER
PO BOX 61000
Privacy notification
ALBANY NY 12261-0001
The Commissioner of Taxation and Finance may collect and
maintain personal information pursuant to the New York State Tax
Private delivery services
Law, including but not limited to, sections 5-a, 171, 171-a, 287,
If you choose, you may use a private delivery service, instead of
308, 429, 475, 505, 697, 1096, 1142, and 1415 of that Law; and
the U.S. Postal Service, to mail in your form and tax payment.
may require disclosure of social security numbers pursuant to
However, if, at a later date, you need to establish the date you
42 USC 405(c)(2)(C)(i).
filed or paid your tax, you cannot use the date recorded by a
This information will be used to determine and administer tax
private delivery service unless you used a delivery service that
has been designated by the U.S. Secretary of the Treasury or the
liabilities and, when authorized by law, for certain tax offset and
Commissioner of Taxation and Finance. (Currently designated
exchange of tax information programs as well as for any other lawful
delivery services are listed in Publication 55, Designated Private
purpose.
Delivery Services. See Need help? below for information on
Information concerning quarterly wages paid to employees is
obtaining forms and publications.) If you have used a designated
provided to certain state agencies for purposes of fraud prevention,
private delivery service and need to establish the date you filed your
support enforcement, evaluation of the effectiveness of certain
form, contact that private delivery service for instructions on how to
employment and training programs and other purposes authorized
obtain written proof of the date your form was given to the delivery
by law.
service for delivery. If you use any private delivery service, whether
it is a designated service or not, send the forms covered by these
Failure to provide the required information may subject you to civil or
instructions to: State Processing Center, 30 Wall Street, Binghamton
criminal penalties, or both, under the Tax Law.
NY 13901-2718.
This information is maintained by the Manager of Document
Specific instructions
Management, NYS Tax Department, W A Harriman Campus,
Albany NY 12227; telephone (518) 457-5181.
Line 1 – Enter the total amount of estimated tax payments made by
the trust or decedent’s estate that the fiduciary elects to treat as a
Need help?
payment made by the beneficiaries. This amount is treated as if paid
or credited to the beneficiaries on the last day of the tax year of the
Visit our Web site at
trust or decedent’s estate.
• get information and manage your taxes online
Allocation to beneficiaries
• check for new online services and features
Column A – Name and address of beneficiary
Telephone assistance
Group the beneficiaries to whom you are allocating estimated
Automated income tax refund status:
(518) 457-5149
tax payments into two categories. First, list all of the individual
Personal Income Tax Information Center: (518) 457-5181
beneficiaries - those who have social security numbers. Second, list
all of the other beneficiaries - those who have employer identification
To order forms and publications:
(518) 457-5431
numbers.
Text Telephone (TTY) Hotline (for persons with
hearing and speech disabilities using a TTY): (518) 485-5082
Column B – Beneficiary’s identifying number(s)
Enter each beneficiary’s social security number or employer
identification number. For those beneficiaries who may file a joint
208002120094
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