It 370 Pdf 2020 Details

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Other namesit370, it 370 instructions 2020, it 370 pdf 2020, form it 370 2020

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New York State Department of Taxation and Finance

IT-370-PF

Application for Automatic Extension of Time to

File for Partnerships and Fiduciaries (with instructions)

 

 

 

Instructions

 

New for 2009

Form IT-370-PF now automatically extends the due date for iling Form IT-204, Partnership Return, and Form IT-205,

Fiduciary Income Tax Return, for five months. However, electing large partnerships that are allowed an automatic six-month extension for federal purposes will also be allowed an automatic six-month extension for iling Form IT-204. If you are an electing large partnership, enter special condition code B5 on your extension request in order to receive an automatic six-month extension of time to ile for New York State purposes.

Fee for payments returned by banks — A new law allows the Tax Department to charge a $50 fee when a check, money order, or electronic payment is returned by a bank for nonpayment. However, if an electronic payment is returned as a result of an error by the bank or the department, the department won’t charge the fee. If your payment is returned, we will send a separate bill for $50 for each return or other tax document associated with the returned payment.

Note to paid preparer : Recent Tax Law changes require certain paid tax return preparers and facilitators of refund anticipation loans (RALs) and refund anticipation checks (RACs) to register electronically with the Tax Department. Unless they are facilitators of RALs or RACs, this new registration requirement does not apply to attorneys, public accountants, and certiied public accountants registered with or licensed by New York State, or to their employees who prepare returns under their direct supervision. Access our Web site at www.nystax.gov for additional information regarding the Tax Preparer Registration Program.

Ask for your extension online — Instead of using paper Form IT-370-PF to request an extension of time to ile, you can complete your request for free through the Online Tax Center on our Web site ( at www.nystax.gov ). In addition, certain tax preparation software packages offer an e-ile option for requesting a partnership extension. The online and e-ile options provide you with a conirmation that we received your extension request. Note: If your paid preparer is required to e-ile your partnership return, the preparer must e-ile your extension request.

General information

Purpose — File Form IT-370-PF on or before the due date of the return to get an automatic extension of time to ile Form IT-204 or Form IT-205 ( including attachments ).

If you have to ile Form Y-206, Yonkers Nonresident Fiduciary Earnings Tax Return, the time to ile is automatically extended when you ile

Form IT-370-PF. For more information on who is required to ile Form Y-206, see the instructions for the form.

You may ile Form IT-204 or Form IT-205 any time before the extension period ends. An extension of time to ile Form IT-204 or IT-205 will not extend the time for iling New York State income tax returns of partners of a partnership or the beneiciaries of an estate or trust.

When to file — File your completed Form IT-370-PF on or before the iling deadline for the return. For calendar year 2009, the iling deadline is April 15, 2010. For iscal-year ilers, the iling deadline is the ifteenth day of the fourth month following the close of your tax year. Extension applications iled after the iling deadline of the return are invalid.

How to file — Complete a separate Form IT-370-PF for each partnership, ( including limited liability companies (LLCs), limited liability investment companies (LLICs), and limited liability trust companies (LLTCs) treated as partnerships), each limited liability partnership and each estate or trust for which you are extending the time to ile. Form IT-205 ilers - Form IT-370-PF must be iled with payment for any tax owed on or before the due date of the return (see the worksheet instructions on the back).

To request an automatic extension of time to ile:

Partnerships ( including LLC’s, LLIC’s, and LLTC’s treated as partnerships) and limited liability partnerships ile Form IT-370-PF by the due date of the return. Partnerships may instead ile a copy of their federal extension (Form 7004) with New York State by the due date of the return (see Where to file on the back).

Estates and trusts ile Form IT-370-PF by the due date of the return. If the estate or trust expects to receive a refund or anticipates having no amount of New York State, New York City, or Yonkers income tax remaining unpaid as of the due date of the return, the estate or trust may instead ile a copy of their federal extension (Form 7004) on or before the due date of the return (see Where to file on the back).

Penalties — There are penalties for iling returns late and for paying the tax late.

Late payment penalty — If an estate or trust does not pay the income tax liability when due (determined with regard to any valid extension of time to pay), it will have to pay a penalty of ½ of 1% of the unpaid amount for each month or part of a month it is not paid, up to a maximum of 25%. The penalty will not be charged if reasonable cause for paying late can be shown. This penalty is in addition to the interest charged for late payments.

Reasonable cause will be presumed with respect to the addition to tax for late payment of income tax if the requirements relating to extensions of time to ile have been complied with, the balance due shown on the income tax return, reduced by any sales or use tax that is owed, is no greater than 10% of the total New York State, New York City, and Yonkers tax shown on the income tax return, and the balance due shown on the income tax return is paid with the return.

Detach here Do not attach to your return.

New York State Department of Taxation and Finance

 

 

 

 

Application for Automatic Extension of

Mark an X in one box for the form you will be iling: IT-370-PF

Time to File for Partnerships and Fiduciaries

Form IT-204

Form IT-205

 

Paid preparer? Mark an X in the box and complete the back

 

 

 

 

 

 

 

Enter your 2-digit special condition code

 

Partnership, estate or trust ID number ( EIN )

Date iscal year begins

Date iscal year ends

 

 

 

 

 

 

if applicable ( see instructions )

Name of partnership, estate, or trust

 

 

Mark an X in the box for each tax that the estate or trust is subject to:

 

 

 

New York State tax

New York City tax

Yonkers tax

Name and title of iduciary

 

 

 

 

 

 

 

 

 

Dollars

Cents

Mailing address ( number and street or rural route ) of partnership or iduciary

Apartment number

 

 

 

 

 

 

1 Sales and use tax

00

City, village, or post ofice ( see instructions )

State ZIP code

 

 

 

 

 

 

2 Total payment

...........

00

E-mail:

 

 

 

 

 

3711090094

IT-370-PF (2009) (back)

Instructions ( continued )

Late filing penalty — If you do not ile Form IT-205 or Form IT-204 when due (determined with regard to any extension of time to ile), or if you do not ile Form IT-370-PF on time and obtain an extension of time to ile, you will have to pay a penalty of 5% of the income tax due for each month, or part of a month, the return is late up to a maximum of 25%.

However, if the return is not iled within 60 days of the time prescribed for iling a return ( including extensions ), this penalty will not be less than the lesser of $100 or 100% of the amount required to be shown as income tax due on the return reduced by any income tax paid and by any credit that may be claimed. The penalty will not be charged if reasonable cause for iling late is shown.

Partnerships — A partnership that is required to ile Form IT-204 and:

(1)fails to ile that return on time, including any extension of time, or (2) iles a return that is incomplete and fails to show the information required under section 658(c), will have to pay a penalty. The penalty will be imposed

for each month or part of a month, up to a maximum of 5 months, that the failure continues. The amount of the penalty for each month will be calculated by multiplying $50 by the total number of partners in the partnership during any part of the partnership’s tax year who were also subject to New York personal income tax during any part of the tax year. The penalty will not be charged if reasonable cause for iling late is shown.

Interest — Interest will be charged on any income tax or sales or use tax that is not paid on or before the due date of your return, even if you received an extension of time to ile your return. Interest is a charge for the use of money and in most cases may not be waived. Interest is compounded daily and the rate is adjusted quarterly.

Specific instructions

See the instructions for your tax return for the Privacy notification or if you need help contacting the Tax Department.

Filling in your form — Please use black ink (and never use red ink ) when making entries on this form.

Name and address box — Enter the name, address and employer identiication number (EIN) of the partnership (including limited liability companies treated

as partnerships, limited liability partnerships, and limited liability investment companies) or an estate or trust ( if applicable, enter the name and title of iduciary in the box provided ). Failure to provide an identiication number may invalidate this extension. If the entity does not have an employer identiication number, enter do not have one. If the entity does not have an employer identiication number but has applied for one, enter applied for.

Worksheet instructions

Form IT-205 filers only — Complete the following worksheet to determine if the estate or trust must make a payment with Form IT-370-PF.

If you enter an amount on lines 1, 2, or 3 of this worksheet, mark an X in the appropriate box on the front of this form.

Line 1 — Enter the amount of your New York State income tax liability for 2009 that you expect to enter on Form IT-205, line 14.

Line 2 — Enter the amount of your New York City income tax liability for 2009 that you expect to enter on Form IT-205, lines 23 and 24.

Line 3 — Enter the amount of your Yonkers income tax liability for 2009 that you expect to enter on Form IT-205, lines 25 through 27.

Line 4 — Enter the amount of sales or use tax, if any, that you will be required to report when you ile your 2009 return. See the instructions for your NYS iduciary income tax return for information on how to compute your sales and use tax. Also enter this amount on line 1 on the front of this form.

Line 6 — Enter the amount of 2009 income tax already paid that you expect to enter on Form IT-205, line 37 (excluding the amount paid with Form IT-370-PF ).

 

 

Worksheet

 

 

 

 

 

 

 

 

1

New York State income tax liability for 2009

1.

 

 

2

New York City income tax liability for 2009 ...

2.

 

 

3

Yonkers income tax liability for 2009

3.

 

 

4Sales and use tax due for 2009 ( enter this

 

amount here and on line 1 on the front )

4.

 

 

5

Total taxes ( add lines 1 through 4 )

6

Total 2009 income tax already paid

6.

7

Total payment ( subtract line 6 from line 5 and enter this

 

amount here and on line 2 on the front ). If line 6 is more

 

than line 5, enter 0

7.

Note: You may be subject to penalties if you underestimate the balance due.

How to claim credit for payment made with this form

Include the amount paid with your extension on Form IT-205, line 30. For more information, see the line instructions for Form IT-205.

Foreign addresses — Enter the information in the following order: city, province or state, and then country (all in the City, village, or post office box ). Follow the country’s practice for entering the postal code. Do not

abbreviate the country name.

If the entity iles on a iscal year basis, enter the beginning and ending dates of the iscal year in the appropriate boxes.

Special condition codes — If you are an electing large partnership, enter special condition code B5. If you are a nonresident alien estate or trust and your iling due date is June 15, 2010, and you need an additional ive months to ile (November 15, 2010), enter special condition code E4. Also enter special condition code E4 on Form IT-205.

Where to file

If you are enclosing a payment with this extension request, mail Form IT-370-PF with your payment to: EXTENSION REQUEST,

PO BOX 4125, BINGHAMTON NY 13902-4125.

If not enclosing a payment with this extension request, mail Form IT-370-PF or a copy of federal Form 7004 to: EXTENSION

REQUEST - NR, PO BOX 4126, BINGHAMTON NY 13902-4126.

For information about private delivery services, see Publication 55,

Designated Private Delivery Services.

IT-370-PF (2009) (back)

Detach here

Do not attach to your return.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payment options — An estate or trust must make full payment of any

Paid preparers — When signing Form IT-370-PF, you must enter your

balance due with this automatic extension of time to ile. Pay by check

New York tax preparer registration identiication number (NYTPRIN) if you

or money order made payable to New York State Income Tax and write

are required to have one. Also, you must enter your federal preparer tax

the estate’s or trust’s EIN and 2009 Income Tax on it. If you ile an online

identiication number (PTIN) if you have one; if not, you must enter your

Form IT-370-PF, you must print out a payment voucher to mail with your

social security number.

payment to ensure that your account is properly credited.

 

 

Paid preparers may be subject to a penalty for failure to conform to certain

 

 

 

 

requirements. For more information, see Publication 58, Information for

 

 

 

 

Income Tax Return Preparers.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Paid preparer must complete ( see instructions )

Date:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preparer’s signature

 

Preparer’s NYTPRIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Firm’s name ( or yours, if self-employed )

 

Preparer’s SSN or PTIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

Employer identiication number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mark an X if

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

self-employed

 

E-mail:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3712090094

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