ISSO New York State Tax Information Session

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ISSO New York StateTax Information Session

• We are not tax experts, we are volunteers. If
  you have a complicated tax question, you may need
  to seek answers elsewhere!

Federal forms software http//www.isso.cornell.ed
u/tax/tax.php
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Session Summary

• Review of Basic Tax Principles
• State Tax Forms tips and line-by-line
  information
• Question/Answer Period

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NY State Tax Filing

• This session is for filing New York State forms
• You should have ALREADY completed your U.S.
  Federal non-resident forms

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Forms W-2 1042S

• In order to file your tax forms, you will need to
  provide evidence of your taxable income. For
  international students and scholars, this
  evidence will normally be provided on a
• W-2 Wage and Tax Statement and/or a
• 1042S Foreign Persons US Source Income Subject
  to Withholding and/or tax treaty benefits

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W-2
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What Income Does a W-2 Report?

• The W-2 reports wages (including the stipend
  portion of teaching assistantships) paid to
  employees.
• It also report the amount of federal and state
  taxes withheld by your employer and paid to the
  IRS and State tax authority.

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1042-S
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What Does a 1042S Report?

• non-service portions of scholarships,
  fellowships, grants, awards and any other payment
  made to an individual who is NOT an employee.
• Income exempted from tax due to an income tax
  treaty

Note non-service refers to income received for
which no service was provided.
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Other Forms You may have received

• You also might have received
• 1099-G Reporting a state tax refund from last
  year
• 1099-INT For interest on a bank account
• 1098-T Reporting tuition you paid

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New York State Tax Filing
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NY State Tax Status
First, determine if you are a RESIDENT or
NON-RESIDENT for tax purposes in New York
State. (This is not dependent on your tax status
for the U.S. federal tax forms.)
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NY State Tax Status

• Did you rent an apartment (not a dorm room) for
  11 months or more of the year 2008?
• Did you spend more than 183 total days in New
  York state in 2008?
• If you answered YES to BOTH of these questions,
  you are considered a resident for tax purposes in
  New York State. If you answered no to either one
  of these questions, you are a nonresident for tax
  purposes in New York State. Please follow the
  directions for New York State forms for your
  appropriate New York State tax status.

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NY State Tax Filing NON-resident

• IF you are a NON-resident for New York State Tax
  purposes, then you are only required to file NY
  State forms IF
• You want a refund for NY state tax withheld
• OR, Earned more than 7500 and some of that
  income was earned in New York State
• If the above do NOT apply to you, you are NOT
  REQUIRED to file a New York State tax return!

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NY State Tax Filing RESIDENT

• IF you are a RESIDENT for New York State Tax
  purposes, then you are only required to file NY
  State forms IF
• You want a refund for NY state tax withheld
• OR, Earned more than 4000 and some of that
  income was earned in New York State
• If the above do NOT apply to you, you are NOT
  REQUIRED to file a New York State tax return!

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New York State Tax Forms

• NON-Resident
• IT-203
• IT-2
• IT-203-B

• Resident
• IT-201 or IT-150
• IT-2
• IT-272 (RARELY)

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New York State Tax Forms

• NON-Resident
• IT-203
• IT-2
• IT-203-B

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NYS Tax
Form IT-203 Page 1
18
NYS Tax Form IT-203, page 1
lt- LEAVE BLANK
19
NYS Tax Form IT-203 , page 1
lt- LEAVE BLANK

• You do NOT need to fill in county of residence
  and school district
• As a non-resident, you may ONLY choose either
  single or married filing separately

20
FORM IT-203page 1

• Two columns federal and NY STATE
• Federal uses numbers from federal form
• New York State ONLY different if earned income
  in a different state

21
FORM IT-203, page 1

• line 1 wage, salaries, tips etc.
• line 4 state refund from the previous year
  goes in on 4, comes out on 24 (next page)

• line 15 tax treaty exempt income and living
  expenses portion (stipend) of scholarships,
  fellowships, grants goes in on line 15
• line 17 tax treaty exempt income comes out
• line 18 federal adjusted gross on federal form

22
FORM IT-203,page 2
23
FORM IT-203, page 2

• line 19 same as line 18 on page 1
• line 24 if you put in tax refund on line 4,
  comes out here
• line 31 same as 19 (unless you entered amount
  on line 24)

24
FORM IT-203, page 2

• line 33 7500 single, 7500 married filing
  separately
• line 34 subtract 33 from 32
• line 36 NY state taxable income

25
FORM IT-203,page 3
26
FORM IT-203 Page 3 (top)

• Fill in your name and SSN at the top
• 37 fill in amount from line 36 on page 2
• 38 look up tax on NY state tax table in the
  instructions on line, pages 69-76
• 39 you MIGHT be able to take household credit,
  look it up in instructions on line, pages 40-41

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FORM IT-203 Page 3 (top)

• 40 subtract 39 from 38
• 45 NY column line 31 divided by federal column
  line 31
• 46 multiply 44 by line 45 this is your NY
  State Tax due

28
FORM IT-203 Page 3 (top)

• 50 NY state tax due
• 56 Sales or Use taxread pages 62-68 if your
  federal adjusted gross is up to 15,000, enter 6
  for 15,001-30,000, enter 16 for 30,001
  50,000, enter 22.

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FORM IT-203 Page 3 (bottom)

• line 58 Total of all taxes and contributions
  (NY State tax, sales tax, contributions, etc.)

30
FORM IT-203,page 4
31
FORM IT-203, page 4 (top)

• line 59 Total of all taxes and contributions (
  line 58)
• line 62 total NY state Tax withheld (W-2, box
  17 1042s, box 22)
• line 66 total of 60-65 (NY State taxes already
  paid)

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FORM IT-203, page 4 (top)

• line 67 if line 66 is more than 59 this will be
  your REFUND
• line 68 fill in the same amount here as in line
  67

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FORM IT-203, page 4 (top)

• line 67 if line 66 is more than 59 this will be
  your REFUND
• line 68 fill in the same amount here as in line
  67

34
FORM IT-203, page 4 (bottom)

• line 70 if line 66 is less than 59 this is what
  you OWE
• line 71 read pages 44-45 in the instructions on
  line to determine if you owe a penalty

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FORM IT-203, page 4 (bottom)

• SIGN YOUR FORM!!!

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NYS Tax
Form IT-2
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NYS Tax, Form IT-2

• Every box corresponds to a box number on Federal
  Form W-2
• Follow the directions on page 2 of the Form IT-2

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NYS Tax, Form IT-2, page 2

• Follow the directions on page 2 of the Form IT-2
• NOTE you must complete the IT-2 even if your
  W-2 does not show any New York state tax withheld

39
NYS Tax, Form IT-2, page 2

• Fill in one record for each W-2 you received
• NOTE If your W-2 is a CORRECTED form (W-2C),
  mark x in corrected W-2C box

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NYS Tax, Form IT-2, page 2

• Attach and send the IT-2 with your IT-203

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Form IT-203-B
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IT-203-BSchedule B

• Complete only Schedule B of Form IT-203-B
• Attach IT-2 and/or 1042S to NYS Tax forms.
• Mail to NYS tax authorities, address listed in at
  end of IT-203.

Include Address Here
325
U.S. Non-Resident
43
New York State Tax Forms

• Resident
• IT-201 or IT-150
• IT-2
• IT-272 (RARELY)

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New York State Tax FormsResident

• IT-201 or IT-150
• IF the ONLY income you have to report are wages
  and interest on a bank account then you can file
  IT-150
• IF you received a fellowship or grant, OR a
  1099-G for a state tax refund, then you MUST file
  IT-201

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NYS Tax
Form IT-150 Page 1
46
NYS Tax Form IT-150, page 1

• As a U.S. non-resident, you may ONLY choose
  either single or married filing separately

• School code if you live in Ithaca, county of
  residence is Tompkins, School district name is
  Ithaca and the code number is 305. If you live
  elsewhere, look at the instruction booklet, page
  39

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FORM IT-150, page 1

• line 1 wage, salaries, tips etc. INCLUDING
  treaty exempt income
• line 2 interest for bank accounts (from any
  1099-INT you received)

• line 10 tax treaty exempt income is deducted
  here with the explanation, treaty exempt income
• line 11 this should equal the federal adjusted
  gross on your federal form

48
FORM IT-150, page 1

• line 15 amount from line 11
• line 21 same as line 11 and 15

• line 22 add your standard deduction 7500 for
  single and married filing separately (unless
  dependent single on another persons return, then
  3,000)
• line 23 You may NOT claim personal exemptions
  and you cannot claim dependent exemptions on this
  form

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FORM IT-150, page 1

• line 24 total from line 22
• line 25 subtract 24 from 21

50
FORM IT-150,page 2
51
FORM IT-150, page 2

• line 26 amount from line 25
• line 27 New York State tax (from booklet)

line 35 sales and use tax Income up to 15,000
6. Income 15,000 30000 16 Income 30,000
50,000 22
Line 37 add 27 35
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FORM IT-150, page 2

• line 46 New York state tax withheld (from W2s)
• line 50 add line 46 with any other NY taxes
  paid (line 47 if NY city)

• line 51, if 50 is more than 37, subtract 37 from
  50 and enter amount here

Line 52 enter amount of line 51
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FORM IT-150, page 2

• line 54, if 50 is less than 37, subtract 50 from
  37 and enter amount here

• Line 56 complete this section if you want your
  refund or what you owe to be automatically
  deposited or withdrawn from your bank account
• leave it blank if you want them to mail you a
  check

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FORM IT-150, page 2
Sign and complete form and mail to address listed.
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NYS Tax
Form IT-201 Page 1
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NYS Tax Form IT-201, page 1

• As a U.S. non-resident, you may ONLY choose
  either single or married filing separately

• School code if you live in Ithaca, county of
  residence is Tompkins, School district name is
  Ithaca and the code number is 305. If you live
  elsewhere, look at the instruction booklet, page
  39

57
FORM IT-201, page 1

• line 1 wage, salaries, tips etc.
• line 2 interest from bank account (1099-INT)

• line 4 state refund from the previous year
  goes in on 4, comes out on 24 (next page)

58
FORM IT-201, page 1

• line 15 tax treaty exempt income and living
  expenses portion (stipend) of scholarships,
  fellowships, grants goes in on line 15 and write,
  treaty exempt income or fellowship or both
• line 17 enter tax treaty exempt income again
  here (gets subtracted out) and write treaty
  exempt income

59
FORM IT-201, page 1

• line 18 should equal federal adjusted gross on
  federal form

60
FORM IT-201,page 2
61
FORM IT-201, page 2

• line 19 same as line 18 on page 1
• line 24 ususally same as line 19

62
FORM IT-201, page 2

• line 32 add 25 - 31
• line 33 subtract 32 from 24

63
FORM IT-201, page 2

• line 34 enter standard deduction of 7500 or
  figure itemized deduction on the worksheet below
  and enter it here
• line 35 subtract 34 from 33, if 34 is greater
  than 33, enter 0

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FORM IT-201, page 2

• line 36 no internationals can take personal
  exemptions for self or spouse only citizens of
  canada, mexico or south korea can claim dependent
  children (see page 80 of booklet)
• line 37 subtract 36 from 35

65
FORM IT-201,page 3
66
FORM IT-201 Page 3 (top)

• Fill in your name and SSN at the top
• 38 fill in amount from line 37 on page 2
• 39 look up tax on NY state tax table in the
  instructions on line, pages 43-50
• 40 you MIGHT be able to take household credit,
  look it up in instructions on line, pages 81-82

67
FORM IT-201 Page 3 (top)

• 43 add 40-42
• 44 subtract 43 from 39
• 45 enter 0
• 46 enter amount from line 44

68
FORM IT-201 Page 3 (top)

• 47-58 fill in this section if you worked in New
  York City at all

line 59 sales and use tax Income up to 15,000
6. Income 15,000 30000 16 Income 30,000
50,000 22
69
FORM IT-201 Page 3 (bottom)

• line 61 Total of all taxes and contributions
  (NY State tax, sales tax, contributions, etc.)

70
FORM IT-201,page 4
71
FORM IT-201, page 4 (top)

• line 62 Total of all taxes and contributions (
  line 61)
• line 68 fill in IT-272 if you are an
  undergraduate, can NOT be claimed on anyone
  elses tax return, and paid tuition
• line 72 New York State taxes withheld

72
FORM IT-201, page 4 (top)

• line 76 add lines 63 75 (total of all taxes
  paid)
• line 77 If line 76 is more than 62, subtract 62
  from 76
• line 78 Enter amount from 77this is your refund

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FORM IT-201, page 4 (top)

• line 80
• If line 76 is less than 62, subtract 76 from 62,
  this is the amount you owe

• line 82 complete this section if you want your
  refund or what you owe to be electronically
  deposited or taken from your accountleave this
  blank if you do not want an electronic transaction

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FORM IT-201, page 4 (bottom)

• SIGN YOUR FORM!!!

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NYS Tax
Form IT-2
76
NYS Tax, Form IT-2

• Every box corresponds to a box number on Federal
  Form W-2
• Follow the directions on page 2 of the Form IT-2

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NYS Tax, Form IT-2, page 2

• Follow the directions on page 2 of the Form IT-2
• NOTE you must complete the IT-2 even if your
  W-2 does not show any New York state tax withheld

78
NYS Tax, Form IT-2, page 2

• Fill in one record for each W-2 you received
• NOTE If your W-2 is a CORRECTED form (W-2C),
  mark x in corrected W-2C box

79
NYS Tax, Form IT-2, page 2

• Attach and send the IT-2 with your IT-150 or
  IT-201