Ny It 370 PDF Details

Ny It 370 form is a document used in the State of New York to report the estate tax liabilities associated with an individual's death. This document must be completed and filed by the executor of the deceased's estate. The information reported on this form will help determine the amount of estate tax that is owed. There are a number of factors that must be considered when completing this form, so it is important to understand what is required before filing. If you are responsible for filing a Ny It 370 form, make sure you understand all of the requirements so that you can accurately report the estate's tax liabilities. You may need to seek assistance from an accountant or lawyer to help you navigate through this process.

You will see info about the type of form you need to submit in the table. It will show you how much time you'll need to finish ny it 370, what fields you will need to fill in, and so forth.

QuestionAnswer
Form NameNy It 370
Form Length3 pages
Fillable?Yes
Fillable fields36
Avg. time to fill out8 min 1 sec
Other namesnew york state tax forms, printable nys form it 370, new york it 370, it 370 pdf

Form Preview Example

Department of Taxation and Finance

 

IT-370

Application for Automatic Six-Month

Extension of Time to File for Individuals (with instructions)

 

 

 

Instructions

 

General information

income tax returns because you are out of the country (for

Purpose

additional information, see When to file/important dates on the

back cover of the instructions for the return you are filing) and

File Form IT-370 on or before the due date of the return to get

you need an additional four months to file (October 15, 2021);

an automatic six-month extension of time to file Form IT‑201,

June 15, 2021, if you are a U.S. nonresident alien for federal

Resident Income Tax Return, or Form IT-203, Nonresident and

income tax purposes and you qualify to file your federal and

Part-Year Resident Income Tax Return.

New York State income tax returns on June 15, 2021, and you

Note: We no longer accept a copy of the federal extension form

need an additional six months to file (December 15, 2021); or

July 14, 2021, (if your due date is April 15, 2021) or

in place of Form IT-370.

If you are requesting an extension of time to file using

September 13, 2021 (if you are a nonresident alien and

your due date is June 15, 2021), if you qualify for a 90-day

Form IT-370, you may still file Form IT-201 or Form IT-203

extension of time to file because your spouse died within

electronically, provided you meet the conditions for electronic

30 days before your return due date and you need additional

filing as listed in the instructions for the forms.

time to file. However, you must file your return on or before

If you have to file Form Y-203, Yonkers Nonresident Earnings

October 15, 2021, if your due date is April 15, 2021, or on or

before December 15, 2021, if you are a nonresident alien and

Tax Return, the time to file is automatically extended when you

your due date is June 15, 2021.

 

file Form IT-370. For more information on who is required to file

 

Form Y-203, see the instructions for the form.

See Special condition codes on page 2.

 

We cannot grant an extension of time to file for more than

If you qualify for an extension of time to file beyond six

six months if you live in the United States. However, you

months, you must file Form IT-370 on or before the filing

may qualify for an extension of time to file beyond six

deadline for your return.

 

months under section 157.3(b)(1) of the personal income tax

How to file

 

regulations because you are outside the United States and

 

Puerto Rico, or you intend to claim nonresident status under

Complete Form IT-370 and file it, along with payment for any tax

section 605(b)(1)(A)(ii) of the Tax Law (548-day rule), as

due, on or before the due date of your return. Use the worksheet

explained in the instructions for Form IT-203 under Additional

on page 3 to determine if a payment is required.

information. Also see the special condition code instructions for

 

 

the return you will be filing (Form IT-201 or Form IT-203).

Payment of tax – To obtain an extension of time to file, you

When to file

must make full payment of the properly estimated tax balances

due. Payment may be made by check or money order. See

File one completed Form IT-370 on or before the filing deadline

Payment options below.

 

for your return (extension applications filed after the filing

Penalties

 

deadline for the return are invalid). Generally, the filing deadline

 

is the fifteenth day of the fourth month following the close of your

Late payment penalty – If you do not pay your tax liability when

tax year (April 15, 2021, for calendar-year filers).

due (determined with regard to any extension of time to pay),

However, you may file Form IT-370 on or before:

you 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

June 15, 2021, if you qualify for an automatic two-month

of 25%. The penalty will not be charged if you can show

extension of time to file your federal and New York State

 

 

Detach (cut) here▼   

Do not submit with your return.

 

Department of Taxation and Finance

IT-370

Application for Automatic Six-Month Extension of Time to File for Individuals

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

Your full Social Security number (SSN)

Spouse’s full SSN (only if filing a joint return)

 

 

 

 

Your first name and middle initial

Your last name

 

 

 

 

 

Spouse’s first name and middle initial

Spouse’s last name

 

 

 

 

Mailing address (number and street or PO box)

 

 

Apartment number

 

 

 

 

City, village, or post office (see instructions)

 

State

ZIP code

 

 

 

 

Email:

 

 

 

 

 

 

 

Enter your 2‑character special condition code

  if applicable (see instructions) .................................

Mark an X in the box for each tax that you are subject to:

NYS tax

NYC tax

Yonkers tax

MCTMT

 

 

 

Dollars

 

1

.....Sales and use tax

 

 

2

Total payment

 

 

 

 

Cents

00

00

3701200094

Page 2 of 3  IT-370 (2020)

reasonable cause for paying late. 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 tax if the requirements relating to extensions of time to file 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, and metropolitan commuter transportation mobility tax (MCTMT) shown on the income tax return, and the balance due shown on the income tax return is paid with the return.

Late filing penalty – If you do not file your Form IT-201 or Form IT-203 when due (determined with regard to any extension of time to file), or if you do not file Form IT-370 on time and obtain an extension of time to file, you will have to pay a penalty of 5% of the tax due for each month, or part of a month, the return is late, up to a maximum of 25%. However, if your return is not filed within 60 days of the time prescribed for filing 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 tax due on the return reduced by any tax paid and by any credit that may be claimed. The penalty will not be charged if you can show reasonable cause for filing late.

Interest

Interest will be charged on income tax, MCTMT, 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 file 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.

Fee for payments returned by banks

The 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.

Specific instructions

Married taxpayers who:

file separate returns must complete separate Forms IT-370. Do not include your spouse’s SSN or name on your separate

Form IT-370.

file a joint Form IT-370 will have the monies paid with that form divided equally between the spouses’ accounts. Both their accounts will be applied to their joint return when they file it.

file a Form IT-203-C, Nonresident or Part-Year Resident

Spouse’s Certification, do not list the spouse with no New York source income on Form IT-370. If the spouse is listed, the monies paid will be divided between the two accounts. When the return is filed with a Form IT-203-C attached, the account of the spouse with no New York source income will not be applied, unless we receive prior authorization.

Name and address box – Enter your name (both names if filing a joint application), address, and entire Social Security number(s). Failure to provide the entire Social Security number may invalidate this extension or result in monies not being properly credited to your account. If you do not have a Social Security number, enter do not have one. If you do not have a Social Security number, but have applied for one, enter applied for.

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.

Special condition codes – If you are out of the country and need an additional four months to file (October 15, 2021), enter special condition code E3. If you are a nonresident alien and your filing due date is June 15, 2021, and you need an additional six months to file (December 15, 2021), enter special condition code E4. If you qualified for a 90-day extension of time to file because your spouse died, and you need additional time to file (on or before October 15, 2021, or in the case of

a nonresident alien, on or before December 15, 2021), enter special condition code D9. Also enter the applicable special condition code, E3, E4, or D9 on Form IT-201 or Form IT-203 when you file your return.

Privacy notification

See our website or Publication 54, Privacy Notification.

Detach (cut) here▼    Do not submit with your return.

IT-370 (2020) (back)

When completing this section, enter your New York tax preparer registration

Payment options – Full payment must be made by check or money order of

identification number (NYTPRIN) if you are required to have one. If you are

any balance due with this automatic extension of time to file. Make the check

not required to have a NYTPRIN, enter in the NYTPRIN excl. code box one

or money order payable in U.S. funds to New York State Income Tax and

of the specified 2-digit codes listed below that indicates why you are exempt

write the last four digits of your Social Security number and 2020 Income Tax

from the registration requirement. You must enter a NYTPRIN or an exclusion

on it. For online payment options, see our website (at www.tax.ny.gov).

code. Also, you must enter your federal preparer tax identification number

 

(PTIN) if you have one; if not, you must enter your Social Security number.

Paid preparers – Under the law, all paid preparers must sign and complete

 

 

 

 

 

the paid preparer section of the form. Paid preparers may be subject to civil

 

Code

Exemption type

Code

Exemption type

and/or criminal sanctions if they fail to complete this section in full.

 

01

Attorney

02

Employee of attorney

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

03

CPA

04

Employee of CPA

Paid preparer must complete (see instructions)

Date:

 

 

 

 

 

 

05

PA (Public Accountant)

06

Employee of PA

Preparer’s signature

Preparer’s NYTPRIN

 

<![endif]>▼

 

 

 

 

 

 

07

Enrolled agent

08

Employee of enrolled

 

 

 

 

 

 

 

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

Preparer’s PTIN or SSN

 

 

 

 

 

agent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09

Volunteer tax preparer

10

Employee of business

Address

Employer identification number

 

 

 

 

preparing that

 

 

 

 

 

 

 

 

 

 

business’ return

 

 

NYTPRIN

 

See our website for more information about the tax preparer

 

 

excl. code

 

 

 

 

 

 

 

 

 

registration requirements.

 

 

Email:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3702200094

Worksheet instructions

Complete the following worksheet to determine if you must make a payment with Form IT-370.

If you enter an amount on lines 1, 2, 3, or 4 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 2020 that you expect to enter on Form IT-201, line 46, or Form IT‑203, line 50.

Line 2 – Enter the amount of your New York City income tax liability for 2020 that you expect to enter on Form IT-201, line 54, or Form IT‑203, line 52a.

Line 3 – Enter the amount of your Yonkers income tax liability for 2020 that you expect to enter on Form IT‑201, lines 55, 56, and 57; or Form IT‑203, lines 53 and 54.

Line 4 – Enter the amount of your MCTMT liability for 2020 that you expect to enter on Form IT-201, line 54b, or Form IT-203, line 52c.

Line 5 – Enter the amount of sales and use tax, if any, that you will be required to report when you file your 2020 return. See the instructions for your NYS 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 7 – Enter the amount of 2020 tax already paid that you expect to enter on Form IT-201, line 76, or Form IT-203, line 66 (excluding the amount paid with Form IT-370).

 

 

Worksheet

 

 

 

 

1

 

 

1.

 

 

New York State income tax liability for 2020 .

 

 

2

....New York City income tax liability for 2020

 

 

3

...........Yonkers income tax liability for 2020

 

 

4

MCTMT liability for 2020

4.

 

 

5Sales and use tax due for 2020 (enter this

 

amount here and on line 1 on the front)

5.

 

 

6

Total taxes (add lines 1 through 5)

6.

7

Total 2020 tax already paid

7.

8

Total payment (subtract line 7 from line 6 and enter this

 

amount here and on line 2 on the front). If line 7 is more

 

  than line 6, enter 0

8.

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 Form IT-370 on Form IT-201, line 75, or Form IT-203, line 65.

For more information, see the line instructions for the return you file.

IT-370 (2020)  Page 3 of 3

Where to file

If you are enclosing a payment with Form IT-370, mail to:

EXTENSION REQUEST

PO BOX 4125

BINGHAMTON NY 13902-4125

If you are not enclosing a payment with Form IT-370, mail to:

EXTENSION REQUEST–NR

PO BOX 4126

BINGHAMTON NY 13902-4126

Private delivery services

If you choose, you may use a private delivery service, instead of the U.S. Postal Service, to mail in your form and tax payment. However, if, at a later date, you need to establish the date you filed or paid your tax, you cannot use the date recorded by a private delivery service unless you used a delivery service that has been designated by the U.S. Secretary of the Treasury

or the Commissioner of Taxation and Finance. (Currently designated delivery services are listed in Publication 55, Designated Private Delivery Services. See Need help? below for information on obtaining forms and publications.) If you have used a designated private delivery service and need to establish the date you filed your form, contact that private delivery service for instructions on how to obtain written proof of the date your form was given to the delivery service for delivery. See Publication 55 for where to send the form covered by these instructions.

Need help?

Visit our website at www.tax.ny.gov

• get information and manage your taxes online

• check for new online services and features

Telephone assistance

 

Automated income tax refund status:

518-457-5149

Personal Income Tax Information Center:

518-457-5181

To order forms and publications:

518-457-5431

Text Telephone (TTY) or TDD

Dial 7-1-1 for the

  equipment users

New York Relay Service

 

 

3703200094

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