Ny It 370 – Fill Out and Use This PDF

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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.

Question	Answer
Form Name	Ny It 370
Form Length	3 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	45 sec
Other names	new york it 370, printable nys form it 370, extension it 370, it 370

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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
2	Total payment

Cents

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:		03	CPA	04	Employee of CPA

			05	PA (Public Accountant)	06	Employee of PA
Preparer’s signature	▼ Preparer’s NYTPRIN		05	PA (Public Accountant)	06	Employee of PA
▼			07	Enrolled agent	08	Employee of enrolled
			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	See our website for more information about the tax preparer
		excl. code	registration requirements.
Email:			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).

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

How to Edit Ny It 370 Online for Free

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Step 1: Select the button "Get Form Here" on the site and next, click it.

Step 2: You'll find all the functions that you can use on the file as soon as you've accessed the it 370 pdf editing page.

It is essential to type in the following details so that you create the template:

You should enter your information in the area Paid preparers Under the law all, Paid preparer must complete see, Date Preparers NYTPRIN, Firms name or yours if selfemployed, Preparers PTIN or SSN, Address, Email, Employer identification number, NYTPRIN excl code, Attorney, CPA, PA Public Accountant, Enrolled agent, Volunteer tax preparer, and Employee of attorney.

new york it 370 Paid preparers Under the law all, Paid preparer must complete see, Date Preparers NYTPRIN, Firms name or yours if selfemployed, Preparers PTIN or SSN, Address, Email, Employer identification number, NYTPRIN excl code, Attorney, CPA, PA Public Accountant, Enrolled agent, Volunteer tax preparer, and Employee of attorney fields to insert

Emphasize the most essential details of the Need help, Visit our website at wwwtaxnygov, Telephone assistance Automated, Personal Income Tax Information, To order forms and publications, Text Telephone TTY or TDD, Dial for the New York Relay, Worksheet, New York State income tax, New York City income tax, Yonkers income tax liability for, MCTMT liability for, Sales and use tax due for enter, amount here and on line on the, and Total taxes add lines through part.

Entering details in new york it 370 part 3

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Step 4: It is better to save duplicates of your document. You can rest assured that we are not going to distribute or view your information.

New York State income tax liability for 2020 .

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

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

MCTMT liability for 2020