PowerPoint for Spring 2014 New York State Nonresident Tax

Report
Who is NOT required to file a NY State NR Tax return?
 If you did NOT have any US-source income at all in 2014, you
are NOT required to file a New York State tax return or any other
NYS form. (But must file federal form 8843. Use GLACIER Tax
Prep)
 You are NOT required to file a New York State tax return if you
considered a NON-RESIDENT (NR) for tax purposes in New
York State AND:
- You are single and you received less than $7,800 in 2014, AND
you have New York source income or
- You are married and you received less than $7,800 in 2014,
AND you have New York source income.
You can choose to file a NYS tax return to get a refund of any NYS
taxes that were withheld from your paycheck during 2014
regardless of your income.
Who is NOT required to file a NY State NR Tax return?
 TAX TREATY EXEMPT INCOME
- If all your income was exempt by treaty and it was
reported on a 1042-S by Columbia or other grantor, you
do NOT have to file a NY State tax return
- If all your income was exempt by treaty, but it was
reported on a W-2 by Columbia and/or other employers,
you DO need file a NY State tax return.
- If you have a mixture of some income exempt by treaty
and some not, you DO need to file a NY State tax return.
New York State
Department of Taxation and Finance
International Students and Scholars
Spring 2015 Workshop
New York State (NYS) Income Taxes
If you did not have income and only need
to send Form 8843 to the IRS ……
then, you do not need to file a New York
State income tax return.
Filing a NYS Income Tax Return
 You must first determine if you are considered a
NYS resident or a NYS nonresident for income
tax purposes.
 New York State residency rules differ from
those of the Internal Revenue Service.
New York State Income Tax
Who is a resident?
 If your domicile (permanent home) is NOT in New York
State, but you maintained a permanent place of abode
(on-campus apartment or off-campus apartment or
house) for more than eleven months during the calendar
year 2014 AND spent more than 183 days in New York,
you are a NYS resident for income tax purposes.
 New York State Tax Department is currently in the
process of updating our regulations (rules) for fulltime students pursuing a degree.
Student Rules
 Full Time Students: A place of abode is not deemed
permanent if it is maintained by a full-time student solely
for the particular purpose of obtaining a baccalaureate,
master’s, doctorate or professional degree at an institution
of higher education.
 Therefore, full time students whose permanent home
is NOT New York State will be considered NYS
nonresidents for income purposes.
 If you are not a full-time student, you may be a resident for
NYS income tax purposes.
Did you receive a NYS refund in the calendar year 2014?
 If you took an itemized deduction on your federal income tax
return last year for state and local income taxes you paid and
received an income tax refund from a state or local government,
the Internal Revenue Service requires you to include the refund
amount as income on your federal (IRS) income tax return this
year.
 If you do not have your income tax records from last year and do
not know if you received a NYS refund, you may call the 1099-G
Hotline at 518-457-5181 and ask a department representative for
that information.
Which Tax Forms Should
I Complete?
Note:
Forms requirements differ for
NYS nonresidents and residents
Which NYS tax forms should I file?
 Full time students whose permanent home is not New York
State and who are in New York State to obtain a degree are
nonresidents for NYS income tax purposes. If required to
file an income tax return, they will need to file:
• Form IT-203, “Nonresident and Part-year Resident Income Tax Return”
• Form IT-203-B to report where you live in NYS
• If you received a W-2, attach the state copy to your IT-203 and
IT-203-B
Who Must File a NYS
Nonresident Income Tax Return?
You must file a NYS nonresident income tax return
if you meet the following conditions:
 You had New York-source income and your New York
adjusted gross income (Federal amount column line 31 on
Form IT-203) is more than:
$7,800 for single individuals
$3,100 if single & can be claimed as a dependent on
another taxpayer’s federal income tax return
$7,800 if married & filing separate income tax returns
 You want to claim a refund.
General NYS Income Tax Filing
Guidelines
NYS Conforms with Internal Revenue Service
 New York State (NYS) complies with ALL tax treaties that
the Internal Revenue Service uses.
 Your Federal (IRS) Adjusted Gross Income is the starting
point in computing your New York State income tax. The
amount you include as income on your federal income tax
return is transferred to your NYS income tax return.
 New York State-source income for nonresidents is your
Federal (IRS) Income that you earned in New York State.
Note: If you earned income in any other state in the U.S.,
please consult that state for income tax filing
requirements.
General Guidelines
 If any part or your New York scholarship or New York
fellowship was included as INCOME on your federal income
tax return, then enter it on the line for OTHER INCOME on
your NYS income tax return.
 If you included the 2013 State income tax refund you
received in 2014 as income on your federal income tax
return, you can subtract this amount on your New York State
income tax return before you begin computing your New
York State income taxes.
Filing Status Guidelines
 If you checked “single” on your federal income tax return and
are required to file a NYS income tax return, you MUST check
“single” as your filing status on your NYS income tax return.
 If you checked “married” on your federal income tax return, you
must check “married” on your NYS income tax return.
 If you are married and filing federal Forms 1040-NR or 1040NR-EZ, you must check “married filing separate” as your filing
status on your NYS income tax return.
General Guidelines
 Unlike the federal income tax return, NO PERSONAL
EXEMPTION is allowed for you or your spouse on the
NYS income tax return.
 You are allowed the SAME number of DEPENDENT
EXEMPTIONS as claimed on your federal income tax
return. The New York Dependent Exemption is $1,000.
 Unlike the federal income tax return, EVERYONE filing
a NYS income tax return may claim a New York
STANDARD DEDUCTION.
 You must enter your date of birth on your New York State
income tax return.
2014 Standard Deduction and Exemptions
Filing Status
Standard Deduction
Single
$3,100
can be claimed on another's income tax return
Single
cannot be claimed on another's income tax return
$7,800
Married Filing Jointly
$15,650
Married Filing Separately
$7,800
Head of Household
$10,950
with qualifying person
Qualifying Widow(er)
with dependent child
Dependent exemption remains at $1000
$15,650
General Guidelines
• Foreign financial account information - You must
acknowledge if you have a financial account located in
a foreign country. For those completing a Form
1040NR or 1040NR-EZ ,check “yes” only if you are
carrying on a trade or business and are required to
complete federal Schedule B.
• Whole dollar amounts required on income tax
forms -You must enter whole dollar amounts on
income tax forms (ie. no cents).
• Attach income statements to the New York return only
if there is NY state income taxes withheld
New York State and Local Sales and Use Tax
You owe a sales and use tax if:
You purchased property or a service delivered to YOU in New
York State without payment of sales and use tax (Ex. Internet,
catalog purchases).
Most tangible personal property such as clothing, jewelry,
furniture, computers, videos, etc. is subject to New York and
Local Sales tax.
If you do not owe New York State sales and use tax, enter
a ZERO on the sales tax line.
DO NOT leave the line blank.
Who is entitled to a NYS household credit?
Individuals who:
 Cannot be claimed as a dependent on another person’s
federal income tax return AND
 Whose tax filing status and income on the NYS income tax
return (either as a New York resident or nonresident) is:
• Single and federal adjusted gross income is $28,000 or less
• Married and federal adjusted gross income is $32,000 or less
 The household credit is NOT refundable and will only reduce
your NYS tax.
 See IT-203 Instructions booklet for household credit chart.
How do I Prepare a NYS Nonresident
Income Tax Return?
You must complete your Federal Income Tax Return
before completing your NYS Income Tax Return.
Do NOT include on your NYS Income Tax Return any
income that is exempt because of your country’s treaty
with the U.S. Only transfer the amounts included in
federal adjusted gross income.
Joy Kim is a full-time international student pursing a degree
at the State University of New York. She transferred from
the University of California. She moved to New York from
California on June 30, 2014 and, since then, has lived in an
apartment in New York State. She has been in the U.S. for
five years or less and has filed a nonresident (1040NR-EZ)
federal income tax return before.
What NYS income tax return does she file?
Because Joy is a full-time student who is pursing a
degree and whose permanent home is not in New York
State, she will be considered a nonresident for NYS
income tax purposes. Therefore, she will file Form
IT-203.
Joy Kim’s income for 2014
 Refund of NYS/NYC taxes when she claimed the
entire amount of withholding an itemized
deduction on her 2013 federal income tax return
and received a refund in 2014
 W-2 for wages for California
 W-2 for wages for New York
 1042-S – exempt scholarship
 1042-S- exempt wages
When completing a New York State income tax return, you will transfer to the NYS
income tax return only the amounts included in federal adjusted gross income.
FORM W-2 – Must attach a copy to your NYS Income Tax
return only if NYS taxes were withheld.
xxx-xx-0101
xx-xxx0000
xx-xxx0000
110
NYC
FORM W-2 – Must attach a copy to your NYS Income Tax
return only if NYS taxes were withheld.
xxx-xx-0101
xx-xxx0000
xx-xxx0000
Information from Form 1042-S – Treaty exempt amounts do
not appear on the NYS income tax return
xx-xxx6789
xxx-xx-0101
Information from Form 1042-S – Treaty exempt amounts do
not appear on the NYS income tax return
xx-xxx6789
xxx-xx-0101
Completing IT-203 – Skip questions D2, E, F and G
Complete Lines 1 through 19. Transfer the amounts from your federal income tax
return to the federal amount column and income you earned in New York State
(New York-source income) to the NYS amount column.
Start with your federal adjusted gross income. Then determine your New York
adjusted gross income. If you included a state refund you received in 2014 as income
on your federal income tax return, subtract it on Line 24 as this is not considered
income by New York State.
__________________________________________________________________________
Line 38 NYS taxes–See next slide for Household Credit Table
Joy Kim
If you have a dollar amount on line 37 (NYS taxable income), find your
income tax in the Tax Table on page 51 of the IT-203 instructions booklet.
Line 38 NYS taxes–See next slide for Household Credit Table
Joy Kim
NYS household credit chart for a single person who CANNOT be
claimed as a dependent on another taxpayer’s federal income tax
return – See page 27 of the IT-203 instructions booklet.
NOTE :NYC household credit is NOT available to nonresidents
Nonresident of NYC do not pay NYC taxes
Joy Kim
nonresident of NYC do NOT pay NYC taxes
Line 56 is used to report the amount of sales tax you owe. If you do not
owe sales tax, enter “0” on Line 56.
On page 36 of the IT-203 instructions booklet, there are instructions for
computing the amount of tax if you owe any tax If you DO NOT owe Sales
and Use tax, enter a ZERO on Line 56. Do NOT leave Line 56 blank.
Page 4, Line 62 is from your Form W-2, Box 17 (New York
State withholding taxes and Box 19 – local taxes )
Income Tax Refunds
 Three options for refund: direct deposit, paper check or DEBIT CARD
 DEBIT CARDS –a way for individuals to receive their New York State
income state tax refund.
The DEBIT CARD benefits anyone NOT using the direct deposit method
to receive their New York State income tax refund or anyone who enjoys
the security and ease of debit cards for bill pay and making purchases.
For information on the NYS refund debit card visit our website:
www.tax.ny.gov/pit/file/debit_cards.htm
Youtube video also available
Sign and Date NYS Income Tax Return.
Note: You may need to complete Form IT-203B
Joy Kim
Student
3/1/2015
[email protected]
If you maintain living quarters (e.g. home, apartment) in NYS and
are completing Form IT-203, complete section B on Form IT-203-B
and attach it to Form IT-203.
Where to File NYS Income Tax Return
 If you owe money to NYS, mail your NYS income tax return
with a check or money order and include a voucher, Form
IT-201 V (payment voucher for income tax return) and mail
to:
• STATE PROCESSING CENTER
• PO BOX 15555
• ALBANY, NY 12212-5555
 If you don’t owe money or expect a refund, mail your NYS
income tax return to:
• STATE PROCESSING CENTER
• PO BOX 61000
• ALBANY, NY 12261-0001
Due Date of NYS Income Tax Return
 Filing due dates for your 2014 NYS Income
Tax Return
• Income tax return: April 15, 2015
• Request for extension of time to file:
April 15, 2015.
Income Tax Filing Tips
 Remember to:
• Sign your income tax return.
• Enter your Social Security Number and date of
birth on your income tax return.
• If you received a W-2, attach a state copy or the
W-2 to your NYS personal income tax return.
• If you owe money, include a payment voucher
Form IT-201-V with the income tax return.
Free Tax Information
518-457-5181
Foreign Language Assistance
518-453-8137
VISIT OUR WEB SITE
www.tax.ny.gov
QUESTIONS?
THANK YOU
The material included in this slide show is intended only to
highlight NYS tax issues as of the date presented. For more
comprehensive information, please refer to our TSB-M’s,
forms, instructions and publications.

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