Form It 112 R PDF Details

Form It 112 R is an amazing software that can help you with your business tax preparations. The best thing about it is that it's so easy to use, even if you've never done your own taxes before. In this blog post, I'll show you how to use Form It 112 R to complete your business tax return. Trust me, with this software, preparing your taxes will be a breeze!

QuestionAnswer
Form NameForm It 112 R
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesinstr, IT-112-R, distributions, 2012

Form Preview Example

New York State Department of Taxation and Finance

New York State Resident Credit

IT-112-R

Complete this form if you want to claim a resident credit for taxes paid to another state, local government, or the District of Columbia.

Name(s) as shown on return

Identifying number as shown on return

Submit this form with Form IT-201, IT-203, or IT-205. Failure to do so will delay any refund to which you may be entitled or, if you owe taxes, could result in late-iling penalties.

 

 

 

A

 

 

 

B

Part 1 – Income and adjustments (see instructions)

 

Amount reported on

 

 

Amount sourced to and taxed

 

New York State return

 

 

 

by other taxing authority

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Whole dollars only

 

 

 

Whole dollars only

 

 

 

 

 

 

 

 

1

Wages, salaries, tips, etc

1

 

.00

 

1

.00

2

Taxable interest income

2

 

.00

 

2

.00

3

Ordinary dividends

3

 

.00

 

3

.00

4

Taxable refunds, credits, or offsets of state and local

 

 

 

 

 

 

 

income taxes

4

 

.00

 

4

.00

5

Alimony received

5

 

.00

 

5

.00

6

Business income or loss

6

 

.00

 

6

.00

7

Capital gain or loss

7

 

.00

 

7

.00

8

Other gains or losses

8

 

.00

 

8

.00

9

Taxable amount of IRA distributions

9

 

.00

 

9

.00

10

Taxable amount of pensions and annuities

10

 

.00

 

10

.00

11

Rental real estate, royalties, partnerships,

 

 

 

 

 

 

 

S corporations, trusts, etc

11

 

.00

 

11

.00

12

Farm income or loss

12

 

.00

 

12

.00

13

Unemployment compensation

13

 

.00

 

13

.00

14

Taxable amount of social security beneits

14

 

.00

 

14

.00

15

Other income

15

 

.00

 

15

.00

16

Add lines 1 through 15

16

 

.00

 

16

.00

17

Total federal adjustments to income

17

 

.00

 

17

.00

18

Federal adjusted gross income

 

 

 

 

 

 

 

(subtract line 17 from line 16)

18

 

.00

 

18

.00

19

New York adjustments (see instructions)

19

 

.00

 

19

 

20

New York adjusted gross income (line 18 and add or

 

 

 

 

 

 

 

subtract line 19; see instructions)

20

 

.00

 

20

.00

21

Capital gain portion of lump-sum distributions (see instr.)..

21

 

.00

 

21

.00

22

Add lines 20 and 21

22

 

.00

 

22

.00

(continued on back)

112001120094

IT-112-R (2012) (back)

Part 2 – Computing your resident credit for taxes paid to another state, local government, or the District of Columbia

23Enter the two-letter abbreviation of the other state, including the District of Columbia,

 

where tax was paid (see instructions)

23

 

 

 

Also enter the locality name, if applicable

Locality name:

 

 

 

24

Enter the amount of income tax computed on this year’s return for the other state or

 

 

 

 

local government (see instructions)

24

 

.00

25

New York State tax payable (see instructions)

25

 

.00

 

 

 

 

 

 

26

Divide line 22, column B, by line 22, column A (round to the fourth decimal place; see instructions) ....

26

 

 

 

 

 

 

 

 

27

Multiply line 25 by line 26

27

 

.00

28

Enter amount from line 24 or line 27, whichever is less (see instructions)

28

 

.00

29

Total line 28 amounts from additional Form(s) IT-112-R and line 44 amounts from

 

 

 

 

Form(s) IT-112-C, if any (see instructions)

29

 

.00

30

Add lines 28 and 29

30

 

.00

Part 3 – Application of Credit

 

31

Tax due before credits (see instructions)

31

32

Other credits that you applied before this credit (see instructions)

32

33

Subtract line 32 from line 31

33

34

Enter the amount from line 30 or line 33, whichever is less (see instructions)

34

.00

.00

.00

.00

Part 4 – Information from your return iled with the other state, local government, or the District of Columbia

You are not required to submit a copy of the return you iled with the other state or local government with Form IT-201, IT-203,

or IT-205. Submitting a copy of the other return is optional. However, you may be required to furnish a copy of the other return at a later date. Whether or not you submit a copy of the other return, you must complete this section.

35Enter the total amount of tax withheld for and/or amount of estimated tax payments made

to the other state, local government, or the District of Columbia (see instructions)

35

.00

36Enter the amount of overpayment, if any, shown on the return you iled with the other

state, local government, or the District of Columbia (see instructions)

36

37Enter the balance due, if any, shown on the return you iled with the other state,

.00

local government, or the District of Columbia (see instructions)..................................................

37

.00

38 Mark an X in the box if the taxes paid to the other jurisdiction were paid on a group return...........................................................

Enter the group’s EIN

112002120094

How to Edit Form It 112 R Online for Free

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Step 1: Open the form inside our editor by hitting the "Get Form Button" at the top of this webpage.

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This PDF form will need specific details; to guarantee consistency, please be sure to consider the subsequent suggestions:

1. You need to complete the IT-203 accurately, hence be mindful when filling out the areas containing these particular fields:

Writing section 1 of distributions

2. Soon after completing this step, head on to the subsequent step and enter the necessary details in all these blanks - continued on back, Wages salaries tips etc, and subtract line see instructions.

Writing segment 2 of distributions

As for subtract line see instructions and continued on back, make sure that you double-check them in this section. These could be the most important fields in the document.

3. Completing Enter the twoletter abbreviation, where tax was paid see, Enter the amount of income tax, Divide line column B by line, Multiply line by line Enter, Part Application of Credit, and Tax due before credits see is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Part number 3 of completing distributions

4. This next section requires some additional information. Ensure you complete all the necessary fields - to the other state local, Enter the total amount of tax, state local government or the, local government or the District, Mark an X in the box if the taxes, and Enter the groups EIN - to proceed further in your process!

Completing segment 4 in distributions

Step 3: You should make sure the details are right and then click "Done" to conclude the project. After starting afree trial account here, you will be able to download IT-203 or email it right off. The PDF form will also be accessible from your personal account page with all your modifications. Whenever you work with FormsPal, you can fill out documents without the need to worry about data breaches or records being shared. Our secure platform ensures that your personal details are stored safely.