ISSO New York State Tax Information Session

1
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
2
Session Summary

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

3
NY Non-Resident Filing

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

4
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

5
W-2
6
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.

7
1042-S
8
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.
9
New York State Tax Forms
10
NYS Tax
Form IT-203 Page 1
11
NYS Tax Form IT-203, page 1
lt- LEAVE BLANK
12
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

13
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

14
FORM IT-203, page 1
15
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

16
FORM IT-203,page 2
17
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)

18
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

19
FORM IT-203,page 3
20
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

21
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

22
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 5
  for 15,001-30,000, enter 15 for 30,001
  50,000, enter 21.

23
FORM IT-203 Page 3 (bottom)

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

24
FORM IT-203,page 4
25
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)

26
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

27
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

28
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

29
FORM IT-203, page 4 (bottom)

• SIGN YOUR FORM!!!

30
NYS Tax
Form IT-2
31
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

32
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

33
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

34
NYS Tax, Form IT-2, page 2

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

35
Form IT-203-B
36
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