Category: New York
Legislative Amendments to the New York Youth Works Tax Credit Program (May 4, 2012)
Legislative amendments to the New York Youth Works Tax Credit Program enacted as part of the 2012-2013 New York State budget (Chapter 59 of the Laws of 2012) that was signed into law on March 30, 2012. The New York Youth Works Tax Credit Program was established by Chapter 56 of the Laws of 2011
New York State – Summary of Tax Provisions: 2012-13
Open Summary of Tax Provisions: 2012-13 in .pdf document. Summary of Tax Provisions contains: descriptions of the tax provisions contained in the budget legislation enacted for New York State’s fiscal year 2012-13 a tabular guide to the tax provisions in the budget bills, listing each provision and its bill section, page, description, and effective date.
New York State – Changes in sales tax clothing exemption effective April 1, 2012
Sales of eligible clothing and footwear for less than $110 are exempt from state sales tax Beginning April 1, 2012, the New York State sales tax clothing exemption is restored to the original less-than-$110 threshold. Sales of eligible clothing and footwear costing less than $110 per item or pair are exempt from the state’s 4%
New York State 2011 Individual Tax Return Forms
IT-201 Resident Income Tax Return You must file Form IT-201 if you were a New York State resident for the entire year. You must also complete Form IT-201-ATT, Other Tax Credits and Taxes, and attach it to your IT-201 if you are: subject to other New York State or New York City taxes claiming any
New York State and Local Annual Sales and Use Tax Return – Due date March 20, 2012
Instructions for Form ST-101 New York State and Local Annual Sales and Use Tax Return For tax period: March 1, 2011, through February 29, 2012 You must file a return even if you had no taxable sales and made no purchases subject to tax. Filers who owe more than $3,000 in tax for this annual
New York State: Free Income Tax Preparation and E-filing Services for Low-Income Workers (VITA)
Volunteer Income Tax Assistance (VITA) sites are open across the State to help individuals and families with an annual income of $50,000 or less prepare and file their income tax returns, free of charge, while making sure those eligible receive the Earned Income Tax Credit (EITC), refundable tax benefits that put money in people’s pockets.
New York City Unincorporated Business Tax (UBT)
A tax is charged to every individual or unincorporated entity carrying on a trade, business, or profession – in whole or part – in New York City. A tax is charged at a rate of 4 percent (4%) for taxable income allocated to New York City. Unincorporated Businesses include: trades, professions, and certain occupations of
New York State Income Tax Return – File by April 17, 2012
Enter e-File: e-File E-file requirement for individual taxpayers Most taxpayers who use software to prepare their income tax returns must also e-file. You’re required to electronically file your return if you meet all three of the following conditions: You use software to prepare your own personal income tax return; Your software supports the electronic filing
New York State – Web File due dates are extended through Thursday, February 2, 2012
Web File due dates are extended through Thursday, February 2, for withholding tax, wage reporting and the Metropolitan Commuter Transportation Mobility Tax. Some filers experienced difficulty using our Online Services on Tuesday, January 31. NYS Departmant of Taxation and Finance
Withholding Tax – NYS-45 filing deadline (January 31)
The January 31 is filing deadline for NYS-45. The annual wage and withholding information (Part C, columns d and e) must also be submitted by this date. Employers are required to report if dependent health insurance benefits are available to any employees (answer the question Are dependent health insurance benefits available to any employee? when
