Form Dtf 686 Att PDF Details

In the complex world of taxation, transparency and compliance are paramount. The New York State Department of Taxation and Finance has established mechanisms to ensure that individuals and entities engage in financial transactions with full disclosure, particularly those that might carry tax implications. One such mechanism is the DTF-686-ATT form, or New York Reportable Transaction Disclosure Statement and Request for a Determination. This document plays a crucial role for taxpayers who participate in certain transactions deemed reportable under New York tax law. It requires detailed information about the transaction, including its name, the initial year of participation, and the type of transaction, whether it be a listed, confidential, or one with contractual protection. Additionally, participants must disclose any entities through which they entered the transaction, fees paid related to it, and an extensive description of the tax benefits expected from the transaction. This form serves double duty by allowing taxpayers to also request a determination from the tax authority regarding the transaction’s tax implications, providing a pathway for clarifications or confirmations on complex tax issues. The inclusion of details about tax-exempt, foreign, and related entities further ensures comprehensive reporting, making the DTF-686-ATT a vital tool in maintaining the integrity of New York's tax system.

QuestionAnswer
Form NameForm Dtf 686 Att
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesEIN, 1a, filers, 1b

Form Preview Example

New York State Department of Taxation and Finance

 

 

 

 

DTF-686-ATT

 

 

 

 

 

 

 

 

 

New York Reportable Transaction

 

 

 

 

 

Disclosure Statement and

 

 

 

 

 

 

 

 

 

Request for a Determination

 

 

 

 

 

 

 

 

 

 

All filers must enter tax period:

 

 

 

 

 

 

 

 

 

beginning

 

 

 

 

ending

 

 

 

 

 

 

 

 

 

 

Name(s) as shown on return

 

Taxpayer identiication number shown on page 1 of your tax

 

 

return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Spouse’s name ( for personal income tax, if applicable )

 

Spouse’s identiication number ( if applicable )

 

 

 

 

 

 

 

 

 

 

Mailing address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City, village, town, or post ofice

 

 

State

 

 

 

ZIP code

 

 

 

 

 

 

 

 

 

 

Taxpayer’s e-mail address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A Mark an X in the box if a protective disclosure

 

 

 

 

 

 

 

 

B Mark an X in the box if requesting a determination

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1a Name of New York reportable transaction

 

 

 

 

 

1b Initial year participated in

 

 

 

 

 

 

transaction ( yyyy )

 

 

 

 

 

 

 

 

 

 

2Identify the type of New York reportable transaction. Mark an X in the boxes that apply ( see instructions ).

a

New York listed transaction

b

New York conidential transaction

c New York transaction with contractual protection

3If the transaction is a listed transaction, or substantially similar to a listed transaction, identify here ( see instructions ).

4If you participated in the transaction through another entity, such as a partnership, an S corporation, or a foreign corporation, provide the information below for the entity(ies).

a Name ......................................................................

b Type of entity ..........................................................

c Form number of New York State tax return iled ....

d Employer identiication number ( EIN ) ....................

5Enter below the name and address of each person to whom you paid a fee with regard to the transaction if that person promoted, solicited, or recommended your participation in the transaction, or provided tax advice related to the transaction. Attach additional sheets if necessary.

Name

Identifying number ( if known )

Mailing address ( number and street or rural route )

Apartment number

Fee paid

City, village, or post ofice

State

ZIP code

687001120094

DTF-686-ATT (2012) (back)

6Facts

a Identify the type of tax beneit generated by the transaction. Mark an X in the boxes that apply ( see instructions ).

Deductions Capital loss Ordinary loss

Exclusions from gross income Nonrecognition of gain Adjustments to basis

Tax credits Deferral

Absence of adjustments to basis

Other

bFurther describe below the amount and nature of the expected tax beneits generated by the transaction for all affected years. Include facts of each step of the transaction that relate to the expected tax beneits including the amount and nature of your investment. Include in your description your participation in the transaction and all related transactions regardless of the year in which they were entered into.

7Identify all tax exempt, foreign, and related entities and individuals involved in the transaction. Mark an X in the appropriate box(es) ( see instructions ). Include their name(s), identifying number(s), address(es), and a brief description of their involvement. For each foreign entity, identify its country of incorporation or existence. For each related entity, explain how it is related. Attach additional sheets if necessary. Include your name and identifying number on all attached sheets.

aType of entity:

Tax-exempt

Foreign

Related

Name

Identifying number

Address

Description

bType of entity:

Tax-exempt

Foreign

Related

Name

Identifying number

Address

Description

687002120094

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Step 1: Access the form in our tool by clicking on the "Get Form Button" in the top section of this webpage.

Step 2: The tool offers the opportunity to change your PDF in various ways. Improve it by writing customized text, adjust existing content, and include a signature - all when you need it!

Concentrate while filling out this pdf. Make certain all necessary blanks are done accurately.

1. It's very important to complete the DTF-686-ATT properly, so be mindful when filling in the segments comprising these blanks:

yyyy conclusion process shown (portion 1)

2. Once your current task is complete, take the next step – fill out all of these fields - c New York transaction with, If the transaction is a listed, If you participated in the, a Name, b Type of entity, c Form number of New York State, d Employer identiication number, Enter below the name and address, Identifying number if known, Mailing address number and street, Apartment number, Fee paid, City village or post ofice, State, and ZIP code with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

yyyy conclusion process clarified (stage 2)

3. In this step, check out a Identify the type of tax beneit, Deductions Capital loss Ordinary, Exclusions from gross income, Tax credits Deferral Absence of, Other, b Further describe below the, Include facts of each step of the, Identify all tax exempt foreign, a Type of entity, Taxexempt, Foreign, Related, Identifying number, Name, and Address. All of these will have to be taken care of with highest precision.

yyyy conclusion process shown (stage 3)

4. The following paragraph requires your information in the subsequent areas: Identifying number, Address, Description, b Type of entity, Taxexempt, Foreign, Related, Name, Address, and Description. Make sure you fill out all required information to move onward.

The best ways to fill in yyyy part 4

It's simple to get it wrong when filling in the Address, and so make sure that you take a second look prior to when you finalize the form.

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