New York Income Taxes and State Tax Forms

by | Nov 15, 2018 | Top Accounting Tutorials | 0 comments

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New York Income Taxes and State Tax Forms

Start Federal and New York Tax Returns

Efile.com makes it easy for you to e-file your state tax return (e.g resident, nonresident, or part-year resident returns). However, the IRS and the respective state tax agencies require you to e-file a federal income tax return at the same time you efile a state tax return. This is not an efile.com policy but an IRS and state agency policy. Many taxpayers have asked how they can only prepare and file a state income tax return. The efile.com tax application lets you prepare a state tax return only, however you cannot efile the state return upon completion. Instead, you will have to download the completed state tax return as a PDF file, print it, sign it, and mail it to the respective state – the address is on the PDF file. Find more detailed instructions on how to prepare and file a state only return on efile.com.

Prepare and efile these state forms for 2018 in conjunction with your federal and state income tax return. As you proceed through the tax interview on efile.com, the application will select the correct state forms for you. You can also select tax forms individually. All these forms will then be e-filed by you to the state tax agency. Instructions on how to only prepare a state income tax return.

* Due to IRS and state tax agency tax data sharing and validation requirements, you can only e-file a state income tax return while also e-filing a federal income tax return. This is not an efile.com created policy, but all online tax web sites have to adhere to this IRS/state issued tax data sharing policy. Find out how to only prepare and file a state tax return. Only on efile.com can you prepare and efile unlimited state tax returns for one low price. Most other sites charge a per state price.

If your New York state return was rejected by the state and not efile.com, you will receive an error reject code. If you prepared and efiled your return on efile.com, we will provide you with an explanation of how to correct the error on your return. You may then resubmit your state return at no additional charge until it is accepted by the state. View a list of all New York State efile Income Tax Return Error Reject Codes.

If you are certain that you cannot file your New York return by the deadline, you do not need to file for an extension. You will automatically receive a 6-month extension of time to file your return (not to pay). The extended tax return due date is October 15, 2019. Please be aware that New York will not accept the federal extension form as an extension for your New York tax return. However, if you expect to owe income taxes, you should submit your payment with payment voucher Form IT-370-V by April 15, 2019, or you will accrue late payment penalties and interest. If you efiled your return and are making a payment by check or money order, you must complete a Form IT-370-V on efile.com. If you are making a payment by credit card, a Form IT-370-V is not needed. If you are making an automatic extension payment, you also must use Form IT-370-V unless it is made electronically. Use efile.com and prepare a New York tax return to find out what your New York state income tax payment will be. If you are going to efile your New York state tax return, the state requires that you efile your state extension.

Important: Do you need to prepare and e-file an IRS or federal tax extension as well?

Amended New York tax returns cannot be efiled; they can only be filed by mail. Learn how to prepare and file a New York state tax amendment.

New York tax returns for 2017 and other past Tax Years cannot be efiled. Download the tax forms, fill them out, print them, and mail them to the New York State Department of Taxation and Finance.

New York state tax forms for previous Tax Years cannot be prepared and e-filed during the current tax season. You will need to print, fill out, and mail the forms to the New York State Department of Taxation and Finance.

Individual income is taxed using eight graduated tax rates.

For single filers:

For married couples filing jointly, double the income brackets (the tax rates stay the same).

New York City levies additional local income taxes. The rates range from 2.907% to 3.648% depending on filing status and income.

The state of New York has a 4% sales tax and many localities levy additional sales taxes. Many goods (such as certain food items, medicines, and newspapers) are exempt from sales taxes, as are some services.

In New York, real estate may be taxed locally at several levels, including: county, city, town, village, school district, and “special district”.

1. The tax code of New York specifically exempts tickets to the circus from sales tax.

2. New York City’s so-called “bagel tax” requires customers to pay more sales tax on any bagel that is sliced for them, or served with any kind of topping.

You can contact the New York State Department of Taxation and Finance at 518-457-5181.

For more information on New York state income taxes, you can visit the website of The New York State Department of Taxation and Finance.

See other U.S. States, Territories, and Protectorates

Research & References of New York Income Taxes and State Tax Forms|A&C Accounting And Tax Services
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