Form Nyc 204Ez PDF Details

The Form NYC-204EZ represents an abbreviated pathway for certain partnerships, including limited liability companies that elect to be treated as partnerships for tax purposes, to meet their Unincorporated Business Tax (UBT) obligations to New York City. Appropriate for the 2012 tax year, it simplifies the process for entities with no UBT liability, guiding them through reporting their income without the need to delve into more complex tax documentation. Partnerships whose gross income exceeds $95,000 are required to file, except those involved exclusively in exempt activities. The form mandates a straightforward declaration of income, adjustments, and tax liability, inclusive of specific clauses to address exemption claims, termination of business within the reporting period, and 9/11-related tax benefits. Entities that have undergone adjustments to taxable income by the IRS or New York State, have significant changes in partnership ownership, or possess real estate interests within New York City must provide additional information. Notably, the form restricts eligibility to those without certain financial adjustments, like credit for taxes paid or income allocation beyond city limits. It offers a final certification section for accuracy affirmation, underscoring the critical duty of reporting entities to ensure completeness and correctness, supported by obligatory attachment of detailed schedules and the federal Form 1065.

QuestionAnswer
Form NameForm Nyc 204Ez
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesNYC-114, 2013, 01-related, IRC

Form Preview Example

*60911291*

TM

 

UNINCORPORATED BUSINESS TAX RETURN 2012

NEWYORK CITYDEPARTMENT OF FINANCE

 

 

 

 

 

-204EZ

 

FOR PARTNERSHIPS (INCLUDING LIMITED LIABILITY COMPANIES)

 

 

 

FINANCE

 

 

 

 

 

 

For CALENDAR YEAR 2012 or FISCAL YEAR beginning _________________2012, and ending _________________ , ______

Entity Type: general partnership

registered limited liability partnership

limited partnership

limited liability company

Amended return

Final return - Check this box if you have ceased operations.

 

Check box if you are engaged in an exempt unincorporated business activity Check box if you claim any 9/11/01-related federal tax benefits (see inst.)

Date business

-

-

Date business ended

-

-

began in NYC:

in NYC(if applicable):

 

 

 

 

 

MM-DD-YYYY

 

MM-DD-YYYY

IF BUSINESS TERMINATED DURING THE YEAR, ATTACH A STATEMENT SHOWING THE DISPOSITION OF BUSINESS PROPERTY

Name

In Care Of

Address (number and street)

City and State

 

Zip Code

 

 

 

Business Telephone Number

Nature of Business

 

 

 

TAXPAYER’S EMAIL ADDRESS

EMPLOYER IDENTIFICATION NUMBER

BUSINESS CODE NUMBER AS PER FEDERAL RETURN

This form is for certain partnerships, including limited liability companies treated as partnerships for federal income tax purposes, who are required to file an Unincorporated Business Tax Return but have no tax liability. For taxable years beginning on or after January 1, 2009, a partnership engaged in an unincorpo- rated business is required to file an Unincorporated Business Tax return if its unincorporated business gross income is more than $95,000. This form may also be used by a partnership that is not required to file but wishes to disclaim any liability for tax because it is engaged solely in activities exempt from the tax.

You may not use this form if:

You have NYC modifications other than the addback of income and Unincorporated Business Taxes on Schedule B, line 13 of Form NYC-204. For a complete list of modifications, see instructions for Form NYC-204.

You allocate total business income within and without NYC. (If you allocate 100% of your business income to NYC, you may use this form.)

YouclaimacreditforUnincorporatedBusinessTaxPaid(seeFormNYC-114.7)orothercredits(seeFormsNYC-114.5,NYC-114.6,NYC-114.8,NYC-114.9orNYC-114.10).

You claim a partial exemption for investment activities. (See instructions to Form NYC-204 "Who is Subject to the Tax".)

You have any investment income or loss (See instructions for NYC-204, Schedule B, Lines 30 (a-f)).

You claim any deduction for a net operating loss. (See Form NYC-204, ScheduleA, line 11.)

Your unincorporated business gross income less the allowance for active partners' services is more than $90,000. (See Form NYC-204, ScheduleA, line 14.)

1. AmountfromAnalysisofNetIncome(Loss)fromfederalForm1065,ScheduleK,line1

1.

2.Otherincomeandexpensesnotincludedonline1thatarerequiredtobereported

separatelytopartners(attachscheduleandseeinstructions)

2.

3.IncometaxesandUnincorporatedBusinessTaxdeductedonfederalForm1065

(attachlistandseeinstructions)

3.

4. Total Income (add lines 1 through 3)

4.

5.Amountincludedinline4representingnetincomeorlossfromactivitiesexemptfromthetax(seeinstr.) 5.

6.

Subtractanynetincomeonline5from,oraddanynetlossonline5to,line4amount

6.

 

7.

Allowanceforactivepartners'services(seeinstructions)Numberofactivepartners: #

7.

 

8.

Line6minusline7

8.

 

9.

EnterthenumberofmonthsinbusinessinNYCduringthetaxyear

9.

 

10.

Enterthemaximumtotalallowedincomefromtableonpage2basedonthenumberofmonths

 

 

 

online9. If the amount on line 8 exceeds the amount on line 10 by more than $100 you

 

 

 

 

 

00

 

cannot use this form; - you must file on Form NYC-204

10.

 

11.EnterpaymentofestimatedUnincorporatedBusinessTaxincludingcarryovercreditfrom

 

 

 

previousyearandpaymentwithextension,NYC-EXT. Thisamountisyouroverpayment

 

11.

 

 

 

 

 

 

 

 

 

 

12.

.Amountofline11toberefunded - Direct deposit - fill out line 12a OR Paper check

...............

12.

 

 

 

 

 

 

 

 

 

12a.

Routing

 

 

 

 

 

 

 

 

 

Account

 

 

 

 

ACCOUNT TYPE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Checking

Savings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number

 

 

 

 

 

 

 

 

 

Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13. Amount of line 11 to be credited to 2013 estimated tax on form NYC-5UB

 

13.

 

 

 

 

 

 

 

 

 

14.

NYC rent deducted on Federal return

 

14.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CERTIFICATION

 

Iherebycertifythatthisreturn,includinganyaccompanyingrider,is,tothebestofmyknowledgeandbelief,true,correctandcomplete.

 

 

Firm'sEmailAddress:

 

 

 

 

 

 

 

 

 

 

I authorize the Dept. of Finance to discuss this return with the preparer listed below. (see instructions)

YES

 

_____________________________________________

 

 

 

 

 

 

 

SIGN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HERE:

 

 

 

Signature of partner:

 

 

 

 

 

 

 

Title

Date

 

 

 

 

 

 

Preparer'sSocialSecurityNumberorPTIN

 

 

 

PREPARER'S

 

Preparer's

 

 

 

 

 

 

Preparer's

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

USE ONLY:

 

 

signature:

 

 

 

 

 

 

printed name:

Date

 

 

 

 

 

 

 

Firm'sEmployerIdentificationNumber

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check the box

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

if self-employed:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Firm's name

 

 

 

 

Address

 

Zip Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

60911291

 

 

 

YOU MUST ATTACH A COPY OF FEDERAL FORM 1065, INCLUDING THE INDIVIDUAL K-1s, TO THIS RETURN AND

NYC-204EZ - 2012

 

 

 

 

COMPLETE THE ADDITIONAL INFORMATION SECTION ON PAGE 2. SEE OVER FOR MAILING INSTRUCTIONS.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form NYC-204EZ - 2012

 

 

 

 

 

 

Page 2

 

 

 

 

 

 

 

 

 

 

 

INSTRUCTIONS

 

 

 

TABLE OF MAXIMUM ALLOWED INCOME FROM BUSINESS

 

 

 

 

 

 

 

 

 

 

 

Checktheboxmarked"9/11/01-relatedtaxbenefits"onthisformifyouclaimany

 

NUMBER OF MONTHS

 

MAXIMUM TOTAL

 

 

Iftotalincomefrombusiness

 

IN BUSINESS

 

INCOME FROM BUSINESS

 

 

ofthefollowingbenefitsonyourfederalreturn:(i)bonusdepreciationoradeduc-

 

1

$85,416

 

 

 

 

 

after deduction for active

tion under IRC §179 for property in the NY Liberty Zone or Resurgence Zone,

 

2

$85,833

 

 

 

3

$86,250

 

 

partnersʼ services is more

whether or not you file form NYC-399Z, (ii) IRC §1033 treatment for property

 

 

 

 

4

$86,667

 

 

converted due to the attacks on the World Trade Center. Attach Federal forms

 

 

 

than$90,000,youmustuse

 

5

$87,083

 

 

4562, 4684 and 4797 to this return. See instructions for Form NYC 204, Sch.

 

6

$87,500

 

 

Form NYC-204

B, lines 14d, 19 and 20.

 

7

$87,917

 

 

 

 

 

 

 

 

 

 

 

8

$88,333

 

 

 

 

Line 2. Enter the net amount of the partners' distributive shares of income

 

9

$88,750

 

 

FIFTEEN OR MORE CALENDAR

and deduction items not included in line 1 but required to be reported

 

10

$89,167

 

 

 

11

$89,583

 

 

 

 

separately on federal Form 1065. Attach a schedule.

 

 

 

DAYSCONSTITUTESONEMONTH

 

12

$90,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Line 3. Enter the amount of income and unincorporated business taxes

imposed by New York City, New York State or any other taxing jurisdiction that was deducted in computing the amounts on lines 1 or 2. Attach a schedule.

Line 5. Enter on this line the amount included in line 4 that represents the net income or net loss from an activity that is not an unincorporated business carried on by the taxpayer wholly or partly in the City. See Instructions for Form NYC-204 "Who is Subject to the Tax." For this purpose:

(i)exclude the income or loss of an entity, other than a dealer as defined in Ad. Code §11-501(1), that, for its own account, engaged solely in the purchase, holding or sale of property, transactions in positions in property, or the acquisition, holding or disposition, other than in the ordinary course of business, of interests in other unincorporated entities that are themselves engaged solely in the foregoing activities. NOTE: entities receiving $25,000 or less of gross receipts from other activities may still be eligible for this exclusion.Ad. Code §11-502(c)(3). However, entities eligible for the partial self-trading exemption under Ad. Code §11-502(c)(4) are not eligible for this exclusion and may not use this form.

(ii)for taxable years beginning on or after July 1, 1994, exclude the income, gain or loss from real property held to produce rental income or from the disposition of such property by an entity, other than a dealer. Also exclude income or loss from a business conducted at the property solely for the benefit of tenants at the property that is not open to the public, and eligible income from parking services rendered to tenants. SeeAd. Code §11-502(d).

(iii)exclude the income or loss from any separate and distinct activity carried on wholly outside of New York City.

(iv)for tax years beginning on or after August 1, 2002, exclude all of the federal taxable income of partnerships that receive 80% or more of their gross receipts from charges for the provision of mobile telecommunications services to customers and exclude a partner's distributive share of income, gains, losses and deductions from any partnership subject to tax underAd. Code Title II, Ch. II as a “utility” as defined inAd. Code section 11-1101(6), including its share of separately reported items.

Line 7. Adeduction may be claimed for reasonable compensation for personal services rendered by the partners. The allowable deduction is the lower of (i) 20% of line 6 (if greater than zero) or (ii) $10,000 for each active partner.

PreparerAuthorization: If you want to allow the Department of Finance to discuss your return with the paid preparer who signed it, you must check the "yes" box in the signature area of the return. This authorization applies only to the individual whose signature appears in the "Preparer's Use Only" section of your return. It does not apply to the firm, if any, shown in that section. By checking the "Yes" box, you are authorizing the Department of Finance to call the preparer to answer any questions that may arise during the processing of your return. Also, you are authorizing the preparer to:

Give the Department any information missing from your return,

Call the Department for information about the processing of your return or the status of your refund or payment(s), and

Respond to certain notices that you have shared with the preparer about math errors, offsets, and return preparation. The notices will not be sent to the preparer.

You are not authorizing the preparer to receive any refund check, bind you to anything (including any additional tax liability), or otherwise represent you before the Department. The authorization cannot be revoked, however, the authorization will automatically expire no later than the due date (without regard to any extensions) for filing next year's return. Failure to check the box will be deemed a denial of authority.

ADDITIONAL REQUIRED INFORMATION The following information must be entered for this return to be complete.

*60921291*

60921291

1.

Did you file a NYC Partnership Return in 2010?

YES

NO

2.

Did you file a NYC Partnership Return in 2011?

YES

NO

3.HastheInternalRevenueServiceortheNewYorkStateDepartmentofTaxationandFinanceincreased

ordecreasedanytaxableincome(loss)reportedinanytaxperiod,orareyoucurrentlybeingaudited?

YES

NO

If"yes,"bywhom?

InternalRevenueService

NewYorkStateDepartmentofTaxationandFinance

 

State periods: _________________________________________________________ and answer (4).

 

 

4. HasForm(s)NYC-115(TaxReportofChangeinTaxableIncomeMadebyIRSorNewYorkState)beenfiled?

YES

NO

5.At any time during the taxable year, did the partnership have an interest in real property

 

located in NYC or in an entity owning such real property?

YES

NO

6.

If "YES"to 5:

 

 

 

a) Was there a partial or complete liquidation of the partnership?

YES

NO

 

b) Was 50% or more of the partnership interests transferred in the last 3 years or according to a plan?

YES

NO

7.

If "YES" to 6a or 6b, was a Real Property Transfer Tax Return filed?

YES

NO

8.If "NO" to 7, explain: (attach additional sheet if necessary) ___________________________________________________

9.

Is this taxpayer subject to the Commercial Rent Tax?

YES

NO

10.

If "YES", were all required Commercial Rent Tax Returns filed?

YES

NO

PRIVACY ACT NOTIFICATION

The Federal PrivacyAct of 1974, as amended, requires agencies requesting Social Security Numbers to inform individuals from whom they seek this information as to whether compliance with the request is voluntary or mandatory, why the request is being made and how the information will be used. The disclosure of Social Security Numbers for taxpayers is mandatory and is required by section 11-102.1 of the Administrative Code of the City of New York for tax administration purposes and will be used to facilitate the processing of tax returns.

MAILING INSTRUCTIONS

 

The due date for calendar year 2012 is on or beforeApril 15, 2013.

 

 

RETURNSCLAIMINGREFUNDS

 

 

ALL OTHER RETURNS

 

 

Forfiscalyearsbeginningin2012filebythe15thdayofthefourth

 

 

NYC DEPT. OF FINANCE

 

 

NYC DEPT. OF FINANCE

 

 

month following the close of the fiscal year.

 

 

UNINCORPORATEDBUSINESSTAX

 

 

UNINCORPORATEDBUSINESSTAX

 

 

To receive proper credit, you must enter your correct Employer

 

 

P.O. BOX 5050

 

 

P.O. BOX 5060

 

 

Identification Number on your tax return.

 

 

KINGSTON, NY 12402-5050

 

 

KINGSTON, NY 12402-5060

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Download forms and instructions online at nyc.gov/finance or call 311.

If calling from outside of the five NYC boroughs, please call 212-NEW-YORK (212-639-9675).