Filing for a mortgage recording tax refund in New York State involves navigating the complexities of the Mt 15 1 form, a vital document provided by the New York State Department of Taxation and Finance. This form serves as a claim for individuals or entities seeking a refund on the mortgage recording tax they have paid. Careful attention must be given to the sections requiring detailed information, such as the claimant and contact person's names, social security or employer identification numbers, addresses, and the specifics of the mortgagor and mortgagee relationship. The document further outlines the principal indebtedness secured by the mortgage, the date and county of tax payment, and the essential calculation area where the claimant lists the tax amount paid, the tax due, and the resulting refund requested. Moreover, it is mandatory for all refund applications to be accompanied by a signature and notarization, emphasizing the seriousness and legal binding of the claim. The instructions meticulously guide the claimant on the timing for filing — within two years of the tax payment date or, under certain conditions, within one year of mortgage discharge due to rescission rights. The exact address for submitting the form is also provided, ensuring claimants direct their applications to the correct office. Additionally, the form includes a privacy notification, informing about the legal grounds for personal information collection and warning about the consequences of non-compliance. This document, therefore, not only facilitates the refund process but also underscores the legal responsibilities and rights of the claimants in the context of New York State's taxation laws.
| Question | Answer |
|---|---|
| Form Name | Form Mt 15 1 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | mt15_1_1000 instructions for mt 151 form |
New York State Department of Taxation and Finance
Mortgage Recording Tax
Claim for Refund
For office use only
Name of claimant |
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Social security number |
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Employer identification number |
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Address of claimant (number and street or rural route) |
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Address of claimant’s representative (number and street or rural route) |
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Name of mortgagor |
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Name of mortgagee |
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Principal indebtedness secured by mortgage |
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Date tax was paid |
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County where tax was paid |
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If the claimed refund is to be paid to someone other than the mortgagor or the mortgagee, you must attach an acknowledged assignment or an affidavit and check this box ............................................................................................
Give a full explanation below, including all facts on which your claim is based, and submit a copy of the recorded mortgage and all other documents necessary to substantiate your claim.
1Amount of tax paid by claimant
2Amount of tax due ................................
3Refund requested...........
(subtract line 2 from line 1) .....................
1
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State of New York
County of ...............................................................................
................................................................... , being duly sworn
deposes and says:
I am the claimant identified above in this mortgage recording tax claim for refund, and I have read the foregoing claim and all accompanying statements and documents, and know their contents. To my own knowledge, this claim is true in all respects.
Signature (print name below signature)
Sworn to before me this
........... day of |
, 20 |
Notary Public
State of New York
County of ...............................................................................
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, being duly sworn |
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deposes and says: |
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I reside at |
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a/the |
of |
........................................................ , the |
partnership or corporation described in the forgoing mortgage recording tax claim for refund, and I have read the foregoing claim and all accompanying statements and documents, and know their contents. To my own knowledge, this claim is true in all respects.
Signature (print name below signature)
Sworn to before me this
........... day of |
, 20 |
Notary Public
Instructions
When to file
An application for refund of the mortgage recording tax paid pursuant to Article 11 of the Tax Law must be filed on
Form
If, however, a refund is claimed because of the mortgagor’s exercise of the statutory right of rescission, Form
Where to file
Send your application to: NYS TAX DEPARTMENT
Privacy notification — The right of the Commissioner of Taxation and Finance and the Department of Taxation and Finance to collect and maintain personal information, including mandatory disclosure of social security numbers in the manner required by tax regula- tions, instructions, and forms, is found in Articles 8, 11, and 31 of the Tax Law; and 42 USC 405(c)(2)(C)(i).
The Tax Department uses this information primarily to determine and administer the mortgage recording and real estate transfer taxes, and for any other purpose authorized by law.
Failure to provide the required information may subject you to civil or criminal penalties, or both, under the Tax Law, and may also result in your failure to secure a refund of all or a portion of the real estate transfer tax or the mortgage recording tax.
This information is maintained by the Director of the Registration and Data Services Bureau, NYS Tax Department, Building 8 Room 338, W A Harriman Campus, Albany NY 12227; telephone
1 800