When To File Sales Tax Return In New York
If youre registered for sales tax purposes in New York State, you must file sales and use tax returns quarterly, part-quarterly , or annually with the department. Even if your business did not make any taxable sales or purchases during the reporting period, you must file your sales and use tax return by the due date.
New York State Tax Refund
If you expect a refund from your New York personal income tax return, you can check the status of the refund 14 days after you e-file. If you filed a paper income tax return, youll need to wait six to eight weeks before checking its status.
E-filing your return is the quickest way to file your income tax return. Plus, youll receive an email confirmation that your return was received and accepted by New York State.
Direct deposit is the quickest way to receive your NY state tax refund. When you register on the New York State Department of Taxation and Finance, you will receive an email notifying you when your direct deposit is sent. A paper check takes an additional week or two to process.
College Tuition Credit Or Deduction
New York allows residents to choose either a credit or deduction for qualified tuition expenses. If you were a state resident for the entire year and paid qualified undergraduate tuition for yourself, your spouse or a dependent, you may be eligible for the credit or deduction.
The refundable credit can be up to $400 per student. If you opt to take the deduction instead of the credit, the maximum amount you could deduct is $10,000 per eligible student note that you can only take the deduction if you itemize deductions on your federal income tax return.
Nonresidents and part-year residents can claim the deduction but not the credit. Tax bonus: You can qualify for the credit or deduction even if you used funds from a tax-advantaged 529 college savings plan to pay for the tuition.
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Business Return Electronic Filing Information
Business Electronic Filing Mandate – If a tax return preparer prepared at least one authorized tax document for more than 10 different taxpayers during the previous calendar year and will use tax software to prepare one or more authorized tax documents in the current calendar year, or were previously mandated to e-file, the preparer is subject to the e-file mandate. The mandate applies to both original returns and amended returns.
This mandate applies to Corporation, Partnership, and S Corporation returns, and there is no opt-out provision. Tax preparers are subject to a $50 penalty for each tax document that is not filed electronically unless it is due to reasonable cause and not due to willful neglect. Reasonable cause will be considered on a case by case basis.
E-File Registration Requirements – Electronic return originators authorized by the IRS to e-file federal corporation tax documents are also authorized to e-file corporation tax documents with New York State . NYSDTF does not require EROs to apply to their program, or to provide copies of their IRS acceptance letters to NYS.
Tax Years That Can Be E-Filed Current year and 2 prior years
State Resources To Help You File Your Return
New York knows that filing a sales tax return can be hard, so they provide resources to business owners to help teach you how to file. Weve done the work for you and compiled a list of helpful links, videos and resources to make filing your first sales tax return easier.
New York state information:
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New York Has Announced That The Tax Filing Deadline For Individual Returns Is May 17th
New York personal income tax returns are due by April 15 . If you cannot file by that date, you can get a state tax extension.
To request a New York tax extension, file Online for an Automatic SixMonth Extension of Time to File for Individuals.). You must file by the original deadline of your return . The State of New York requires personal tax extensions to be requested electronically via their Online Services system: www8.tax.ny.gov/PEXT/pextHome
NOTE: Fiscal year taxpayers seeking a tax extension should contact the New York Department of Taxation and Finance by telephone. See the following link for contact phone numbers: www.tax.ny.gov/help/contact/telephone
A tax extension gives you more time to file, but not more time to pay your New York tax. You are required to make full payment of your estimated New York tax balance when you request a tax extension. If you want to mail your extension payment, you can contact the NY Department of Taxation and Finance for a paper version of Form IT-370-V . Otherwise, extension payments should be made electronically through the Department of Taxation and Finance: www.tax.ny.gov/pit/file/extension_payment_options
For more information, please visit the New York State Department of Taxation and Finance website: www.tax.ny.gov
Get An Nys Tax Dept Letter Don’t Throw It Out Or You Might Delay Your Refund
ALBANY You filed your taxes and you’re waiting on your New York state refund.
Did you get some mail from the state Department of Taxation and Finance?
Don’t throw it out. It’s not junk mail. And if you ignore it, your refund will be delayed or withheld entirely.
Hundreds of thousands of New York filers are receiving letters asking for proof of the state taxes withheld from their wages in 2018, with the Tax Department demanding copies of W-2s or paycheck stubs from the filer’s employer.
The letters are not a hoax.
A Tax Department spokesman said the agency sent out about 270,000 copies in 2018, and the number has been on the rise in recent years an increase that matches up with anecdotal evidence from accountants, some of whom have grown frustrated with the demands.
The letters have an official state Department of Taxation and Finance seal at the top left, followed by the filer’s address and this sentence in bold: “We need additional information before we can send your New York State income tax refund.”
First, if you receive a letter from us asking for documentation to support what you claimed on your return, dont panic it doesn’t mean that you did anything wrong, state Taxpayer Rights Advocate Margaret Neri said in a statement.
The Tax Department simply needs to ensure that refunds only go to those entitled to them and that returns filed are accurate.”
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Heres Where You Want To Send Your Forms If You Are Enclosing A Payment:
- Alabama, Georgia, Kentucky, New Jersey, North Carolina, South Carolina, Tennessee, Virginia: Internal Revenue Service, P.O. Box 931000, Louisville, KY 40293-1000
- Florida, Louisiana, Mississippi, Texas: Internal Revenue Service, P.O. Box 1214, Charlotte, NC 28201-1214
- Alaska, Arizona, California, Colorado, Hawaii, Idaho, New Mexico, Nevada, Oregon, Utah, Washington, Wyoming: Internal Revenue Service, P.O. Box 7704, San Francisco, CA 94120-7704
- Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Wisconsin: Internal Revenue Service, P.O. Box 802501, Cincinnati, OH 45280-2501
- Delaware, Maine, Massachusetts, Missouri, New Hampshire, New York, Vermont: Internal Revenue Service, P.O. Box 37910, Hartford, CT 06176-7008
- Connecticut, District of Columbia, Maryland, Pennsylvania, Rhode Island, West Virginia: Internal Revenue Service, P.O. Box 37910, Hartford, CT 06176-7910
If youre filing a different 1040 income tax form, the IRSs website has a nifty breakdown of where each form has to go, most depending on whether or not a payment is enclosed.
New York Income Tax Rates
The state has a progressive tax rate thats based on your income level and where you live. Rates for 2019 ranged from 4% to 8.82%. You can check the most-recent tax rates on the New York State Department of Taxation and Finance website.
Note that if you live in New York City or Yonkers, youre required to include your local income tax from those cities on your state return.
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Be Aware Of Tax Scams And Fraud
Each year, scammers claiming to be IRS or other government employees ask students and scholars for money that is “owed” to avoid any so-called tax penalties or fees. Please be aware and cautious of such calls, emails, letters or unusual contacts. These scammers might even say that they will call the police if you hang up or you will get deported if you do not comply with their requests. Review our Tips to Avoid Scams and Fraud to protect yourself.
Taxpayers Have Until April 15 To File
NEW YORK, NY– With the deadline for filing tax returns rapidly approaching, the United States Postal Service reminds last-minute filers to pay special attention to collection box pick-up times and Post Office retail hours. Most Post Offices close at 5 p.m. and many collection box pick-up times are earlier. Post Office, Alternate Access locations that includes Self Service Shipping and Mailing Center having later business hours to send mail, and collection box location, hours, and pick-up time information is available at 1-800-ASK-USPS or online at www.usps.com.
Taxpayers can mail at the retail window services at the James A. Farley Main Post Office, 481 8th Ave in Manhattan until 12 midnight on April 15, Monday. Postal officials will be available in the lobby. Self Service Shipping and Mailing Center kiosks are also available 24/ 7 to ship packages and send mail. SSS& MC kiosks offer special services such as Express Mail, Priority Mail, Certified Mail with return receipt, purchase postage and many other self service transactions. All self service kiosk transactions provide a receipt that shows the date of the transaction. These kiosks help speed up your visit to the post office bypassing waiting in line at the retail window counter.
TIPS FOR MAILING TAX RETURNS:
Please remember that mail must be deposited before the last collection time at the post office collection box on April 15th to receive an April 15th postmark.
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Follow the Postal Service on and at .
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How To File Your New York State Tax
If your income meets certain limitations , you may be able to use IRS Free File to file your federal and New York state income tax returns. If your income exceeds limits, you wont be able to file for free using IRS Free File software. You may still be able to use IRS Free File Fillable Forms. Or, you can use an online tax-preparation service or a professional tax preparer.
offers free federal and single-state tax filing.
If you want to file a paper return, you can fill out the form online and print it out to submit it by mail. If youre expecting to receive a refund, send your paper return to
State Processing Center
If youre including a payment with your return, mail both to
State Processing CenterAlbany, NY 12212-5555
Filing An Extension With The Irs
Taxpayers seeking an extension to file federal income tax returns must file Form 4868 with the IRS either electronically or by mail, or make a payment for most of their owed taxes. IRS guidelines state filers that make a payment for all or a portion of their owed income taxes do not need to file Form 4868.
“The IRS will automatically process an extension of time to file when you pay part or all of your estimated income tax electronically,” according to IRS.
Individual tax filers can use the IRS Free File tool to request an automatic tax filing extension. However, filers must estimate tax liability on the form and should pay any amount due.
The IRS also said: “Don’t file Form 4868 if you want the IRS to figure your tax or you’re under a court order to file your return by the regular due date.”
Lisa Greene-Lewis, a CPA and tax expert with TurboTax said individuals should try to pay at least 90% of their taxes by May 17 in order to avoid penalties.
Filers may also request an installment agreement with the IRS to pay taxes over six years, she said.
If approved, the extension will allow filers to filed a return until October 15.
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Earned Income Tax Credit
If you claim the federal earned income credit, you can get an additional credit on your New York state return equal to 30% of your federal credit, less any household credit you receive.
If you live in New York City, you might qualify for a third earned income credit worth 5% of your federal credit amount.
If You Owe Taxes In New York Its Important To Know What Your Filing Options Are As Well As What Types Of Deductions And Credits You Can Claim
Thats especially the case if you live in New York City or Yonkers, where there may be other tax considerations to keep in mind. In this guide, youll learn all that and more, including what happens if you cant pay your bill and how to track a New York state tax refund.
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Why Did I Get A Letter
The letter doesn’t really explain why a filer is getting the letter.
But the Tax Department stressed it doesn’t mean the filer did anything incorrectly.
Instead, Tax Department spokesman James Gazzale said they are sent in two cases: When an employer doesn’t submit a required wage report by the Jan. 31 deadline, or when the amount of withholdings claimed on a filer’s state tax forms doesn’t line up with the number the employer sent in.
Last year, about 2 percent of filers got the letter, he said.
The state first began sending out the letters in 2008, with the number sent increasing each year.
Child And Dependent Care Credit
If you qualify to claim the federal child and dependent care credit, you can get an additional credit through your New York state return. The amount of the credit is between 20% and 110% of the federal credit, based on your New York state adjusted gross income.
If you live in New York City, you can claim yet another child and dependent care credit worth up to 75% of your state credit. To qualify, your federal adjusted gross income must be $30,000 or less, you must have paid childcare expenses for at least one child who was younger than 4 at the end of the tax year, and you qualified for the New York state child and dependent care credit.
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When We Issue A Refund We Will Deliver One Of The Following Messages
- Your return has been processed. A direct deposit of your refund is scheduled to be issued on . If your refund is not credited to your account within 15 days of this date, check with your bank to find out if it has been received. If its been more than 15 days since your direct deposit issue date and you havent received it yet, see .
- Your refund check is scheduled to be mailed on . If you have not received your refund within 30 days of this date, call 518-457-5149.
We Have Received Your Return And It Is Being Processed No Further Information Is Available At This Time
This is a general processing status. Unless your return is selected for additional review, or we request additional information, this will be your status throughout processing until we schedule an issue date and update your status at that time. While your return is in this stage, our Call Center representatives have no further information available to assist you. As your refund status changes, this message will automatically update in our automated phone system, our online Check your refund status application, and in the account information available to our representatives.
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How To File An Amended Return
Complete your amended return as if you are filing the return for the first time.
Submit all the forms relevant to the information in your amended return , such as:
- forms for any credits you are claiming or amending,
- forms you submitted as attachments to your original return that are still applicable , and
- all your wage and tax statements, such as Form IT-2.
Do not submit a copy of your original Form IT-201, IT-203, or IT-195.
See the instructions for Form IT-201-X or IT-203-X for additional information about what to submit with your amended return.
See the instructions for the form you originally filed to determine which form to file when amending your return .
Can I Paper File My Nys Tax Return
You may file a NY state tax return by mail. To print and file your tax return by mail in the TurboTax for Windows CD/Download software, please review the following link and the link embedded on the webpage for more information: How do I print and mail a return in the TurboTax for Windows CD/Download software?
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Gather The Following Documents
You may not have or need some of these this is a list of all documents you might need:
- Exit and Entry Dates for all past US visits
- I-20, DS-2019, I-797, or other immigration documents
- Social Security Number
- Current US Address AND Permanent Foreign Address
- Name of Educational Institution or Sponsoring Organization
- All relevant tax form for taxable purposes:
- Form W-2, 1042-S, 1099
- Scholarship or Fellowship grant letters
We Received Your Return And May Require Further Review This May Result In Your New York State Return Taking Longer To Process Than Your Federal Return No Further Information Is Available At This Time
Once we receive your return and begin to process it, our automated processing system scans it for any errors or signs of fraud. Depending on the result of that scan, we may need to manually review it. This status may update to processing again, or you may receive a request for additional information. Your return may remain in this stage for an extended period of time to allow us to review. Once you return to the processing stage, your return may be selected for additional review before completing processing.
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