new york state tax-aide training - 2012 new york state taxes and credits

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NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

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Page 1: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NEW YORK STATE TAXES and CREDITS

Page 2: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

OBJECTIVES

BASICS REVIEW

CREDITS

WHAT’S NEW

Page 3: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NEW YORK STATE TRAINING

IT 201 INSTRUCTIONS

PUB 80 – GENERAL INFORMATION

PUB 36 - TAX INFORMATION FOR SENIORS

Page 4: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NYS Income tax

BASED CLOSELY ON FEDERAL RETURN.

PROVIDES ADDITIONS AND SUBTRACTIONS FOR DIFFERENCES IN INCOME AND ADJUSTMENTS.

NO PERSONAL EXEMPTIONS, ONLY DEPENDENTS.

MANY OBSCURE EXCEPTIONS AND CREDITS.

Page 5: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATETAX-AIDE TRAINING - 2012

NEW: 2012NY IT-201

Pg 1

NEW: DEPENDENT INFORMATION

Page 6: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATETAX-AIDE TRAINING - 2012

NEW: 2012NY IT-201

Pg 2

NEW:NO ITEMIZED DED.

WKSHT

Page 7: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATETAX-AIDE TRAINING - 2012

NEW: 2012NY IT-201

Pg 3

Page 8: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATETAX-AIDE TRAINING - 2012

NEW: 2012NY IT-201

Pg 4

NEW

Page 9: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

BASICSWHO MUST FILE?

RESIDENTS WHO FILE FEDERAL RTNRESIDENTS WITH $4000 INCOME

FEDERAL AGI = $4,000 OR MORE

DEPENDENTS WITH $3000NON-RESIDENTS WITH NYS INCOME

WHO SHOULD FILE?TAXPAYER DUE CREDIT OR REFUND

Page 10: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NEW YORK STATE INCOME TAX FEDERAL AGI + NYS ADDITIONS

- NYS SUBTRACTIONS = NYS AGI

NYS AGI – STD OR ITEMIZED DEDUCTION – EXEMPTIONS = TAXABLE INCOME

NO PERSONAL EXEMPTIONS

DEPENDENT EXEMPTIONS; $1,000/DEPENDENTSAME RULES AS FEDERAL

Page 11: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NEW YORK ADD/SUBTRACTADDITIONS

414H – RETIREMENT CONTRIBUTIONNOT TAXABLE ON FEDERAL

NOT ELIGIBLE FOR RETIREMENT SAVINGS ON FEDERAL RETURN

TAXABLE ON STATE RETURNIN TAXWISE, ENTER 414H IN BOX 14.

Page 12: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NEW YORK ADD/SUBTRACT ADDITIONS (cont)

MUNI BONDS FROM OUTSIDE NYSSEE IT-201 INSTRUCTIONS FOR COMPLETE LIST

OF NEW YORK ADDITIONS

NEW YORK CITY EMPLOYEESFlexible Benefits ProgramEstablished by NYC Public Employers:Deduction shown on W-2, Box 14 as: 125IRCTaxable by New York StateIn Taxwise, enter IRC125 in Box 14,

Page 13: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

ENTER IN box 14, TW as

414H 1000IRC125 200

414H 1000125IRC 200

Page 14: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NEW YORK ADD/SUBTRACT SUBTRACTIONS

EXEMPTIONSFEDERAL, NEW YORK STATE OR LOCAL GOVT PENSIONSSOCIAL SECURITY INCOME RAILROAD RETIREMENT INCOME

EXCLUSIONSALL OTHER QUALIFIED PLAN DISTRIBUTIONSUP TO $20,OOO/YR/TAXPAYERMUST BE AGE 59 ½ or OLDER

Page 15: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

QUALIFIED PLAN

EMPLOYER’S PLAN FOR EXCLUSIVE BENEFIT OF EMPLOYEES OR BENEFICIARIESPENSIONEMPLOYEE ANNUITY401K, 403B, 457,IRAs

ELIGIBLE FOR $20,000 EXCLUSIONNEW YORK STATE TAX-AIDE

TRAINING - 2012

Page 16: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NON-QUALIFIED PLAN

NON-EMPLOYER PLAN PURCHASED ANNUITY IS MOST COMMONINCOME RECEIVED BY NONEMPLOYEE

SPOUSE AS QDRO.

NOT ELIGIBLE FOR $20,000 EXCLUSION

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 17: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NEW YORK ADD/SUBTRACT SUBTRACTIONS (cont)

DISABILITY INCOME EXCLUSION (S-4)

EXCLUDE DISABILITY PAY UP TO $5200 UNDER 65 YEARS OF AGE RETIRED ON DISABILITY TOTALLY & PERMANENTLY DISABLED

AS OF JAN. 1st , HAVE NOT REACHED MANDATORY RETIREMENT AGE OF EMPLOYER

IF MFS, MUST NOT HAVE LIVED TOGETHER

THIS EXCLUSION BECOMES PART OF ANNUAL $20,000 EXCLUSION

Page 18: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NEW YORK ADD/SUBTRACTSUBTRACTIONS (cont)

529 PLAN CONTRIBUTIONSMUST BE OWNERMUST BE NEW YORK STATE PLAN

INTEREST INCOME ON US GOVT BONDS

SEE IT-201 INSTRUCTIONS FOR COMPLETE LIST OF NEW YORK SUBTRACTIONS

Page 19: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

PENSION INCOME EXCLUSION IN TAXWISE 1099R SCREEN

Check Box 1 For Private Pension

Page 20: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

PENSION INCOME EXEMPTION IN TAXWISE 1099R SCREEN

Check Box 2 For Public Pension

Page 21: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

RR PENSION INCOME EXEMPTION IN TAXWISE 1099R screen 4012, Pg 2-17

Check Box 4 For RR Retirement

Page 22: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

BUILD AMERICA BONDS

AUTHORIZED BY FEDERAL GOVTISSUED BY STATE AND LOCAL GOVT

TAXABLE ON FEDERAL RETURNNYS TAX EXEMPT IF ISSUED IN NEW

YORK STATE (S-19)

Page 23: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

FORM IT 201-2

NEW YORK STATE TAX-AIDE TRAINING - 2012

ENTER CODE – SEE IT 201 INSTRUCTIONS

Page 24: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

ENTER CODE – SEE IT 201 INSTRUCTIONS

Page 25: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NYS STANDARD DEDUCTIONS

SINGLE (Dependent) SINGLE

MARRIED – JOINT MARRIED – SEPARATE

HEAD HOUSEHOLD

QUALIFYING WIDOW(ER)

$3,000

$7,500

$15,000

$7,500

$10,500

$15,000

Page 26: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

BASICS

NYC & YONKERS TAXES & CREDITS

SALES TAX – LINE 59REQUIRED ENTRY: CANNOT LEAVE

BLANK

PAYMENTS AND REFUNDABLE CREDITS

REFUND or BALANCE DUE

Page 27: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

TAXWISE FOR NEW YORKDEFAULT TO NY ON MAIN INFO

WORKSHEETDATA WILL CARRY FROM FEDERAL TO

NEW YORKSOME ADDITIONAL DATA REQUIREDCOUNTY & SCHOOL DISTRICTQUESTIONS RELATED TO NYC OR

YONKERS RESIDENCY

Page 28: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

TW MAIN INFO WORKSHEET

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 29: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

FORM IT-201, PG 1

County of Residence

School District Name

School District Code

Page 30: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

Residency or Presence of Living Quarters in NYC

FORM IT-201, PG 1

Page 31: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

CREDITS

EITC – EARNED INCOME TAX CREDIT30% OF FEDERAL EITC LESS

HOUSEHOLD CREDIT

HOUSEHOLD CREDIT LOW INCOME BENEFIT BASED ON FED AGI, FILING STATUS,

NUMBER OF DEPENDENTSAUTOMATIC IN TAXWISE

Page 32: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NYS HOUSEHOLD CREDITMARRIED FILING SEPARATE

REQUIRED INFORMATION (IT-201 -3)

SPOUSE AGI AND EXEMPTIONSREQUIRED TO CALCULATE HH CREDIT

COMBINED FEDERAL AGI OVER $32000? NO CREDIT

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 33: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

FORM IT-201-3

NEW YORK STATE TAX-AIDE TRAINING - 2012

REQUIRED ENTRY FOR MFS

Page 34: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NYS HOUSEHOLD CREDITMARRIED FILING SEPARATE

SPOUSE INCOME UNKNOWN?

LEAVE ENTRY BLANKNEW YORK STATE WILL MATCH

RETURNS.

DISALLOW IF JOINT AGI OVER $32,000ONLY ONE SPOUSE FILES, CREDIT

ALLOWED BASED ON CRITERIA

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 35: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

DETAILED INFORMATION ON NY CREDITS

CREDIT INSTRUCTIONS

IT-201 INSTR. REFUNDABLE/NONREFUNDABLE FORM NUMBER LINE NUMBER ON IT-201 ATT CODE FOR IT-201 ATT

TAXWISE HELP F1 FROM 201 OR 201 ATT

Page 36: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

CONDITIONS AND FORMS FOR CREDITS

IT-201 INSTRUCTIONS PAGE 6

REFUNDABLE

Page 37: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

RESIDENT TAX CREDIT

RESIDENT CREDIT FORM IT-112RAVOID DOUBLE TAXATIONNONREFUNDABLEINCOME TAX PAID TO ANOTHER STATE (NON-

RESIDENT)

CREDIT ALLOWED TO RESIDENT STATEALSO TO RESIDENT PORTION OF PY RESIDENT RETURN

Page 38: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

RESIDENT TAX CREDIT

COMPLETE RES/NR WORKSHEET IN TAXWISE

COMPLETE RETURN FOR NR STATEDETERMINE TOTAL TAX LIABILITY

FOR NON-RESIDENT STATEDETERMINE REFUND/BAL DUERETURN TO NEW YORK RETURNCOMPLETE FORM IT-112R

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 39: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

RES/NR WKT

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 40: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

CT STATE RETURN

NEW YORK STATE TAX-AIDE TRAINING - 2012

TOTAL TAX = $175

REFUND=$125

Page 41: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

IT-112R, PG 1

NEW YORK STATE TAX-AIDE TRAINING - 2012

MUST COMPLETE COLUMN B

Page 42: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

IT-112R, PG 2

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 43: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

EMPIRE STATE CHILD CREDITIT-213

AUTOMATIC IN TAXWISEFULL YEAR RESIDENT ONLYFEDERAL CHILD TAX CREDIT OR

ADDITIONAL CHILD TAX CREDIT OR INCOME BELOW FEDERAL CAP

CHILD AGE 4 THROUGH 1633% OF FEDERAL CREDIT or $100/CHILDREFUNDABLE

Page 44: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

CHILD & DEPENDENT CARE CREDIT IT-216

AUTOMATIC IN TAXWISERES, PY RESIDENT, NON-RESIDENT

REFUNDABLE TO FULL AND PY RESIDENTSNONREFUNDABLE TO NONRESIDENTS

20% - 110% OF FEDERAL CREDIT

ADDITIONAL CREDIT FOR NYC RESIDENTS

Page 45: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

EARNED INCOME TAX CREDIT IT-215

AUTOMATIC IN TAXWISEMUST CLAIM FEDERAL EICRESIDENT AND PY RESIDENT30% OF FEDERAL CREDIT LESS

HOUSEHOLD CREDITADDITIONAL CREDIT FOR NYC

RESIDENTSREFUNDABLE

Page 46: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NON-CUSTODIAL PARENT EICIT-209

NOT MARRIED FILING SEPARATECHILD DID NOT RESIDE WITH TAXPAYERFULL YEAR RESIDENT ONLYAGE 18 OR OLDERCHILD UNDER 18MUST PAY CHILD SUPPORTCOURT ORDER AND COLLECTION UNITADDITIONAL CREDIT FOR NYC RESIDENTSREFUNDABLE

Page 47: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NY FORM IT-209

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 48: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NY FORM IT-209

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 49: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

COLLEGE TUITION CREDITFORM IT-272

CREDIT OR ITEMIZED DEDUCTION

TAXPAYER MUST BE FULL YEAR RESIDENT TO QUALIFY

TAXPAYER IS NOT A DEPENDENT

REFUNDABLE CREDIT

NEW YORK STATETAX-AIDE TRAINING - 2012

Page 50: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

COLLEGE TUITION CREDIT UNDERGRADUATE ONLY: DEGREE OR FULL-TIME NOT NECESSARY

STUDENT MUST BE TAXPAYER, SPOUSE, OR DEPENDENT

CLAIM UP TO $10,000/STUDENT NO INCOME LIMITS

FOR TUITION UP TO $200, CREDIT = TUITION. FOR TUITION $200 – $5,000, CREDIT IS $200. TUITION $5,001 - $10,000, CREDIT =4% OF

TUITION

NEW YORK STATETAX-AIDE TRAINING - 2012

Page 51: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

AS ITEMIZED DEDUCTION IF ITEMIZED DEDUCTIONS ELECTED ON

FEDERAL RETURN:MAY ITEMIZE DEDUCTION FOR TUITION

ON NEW YORK STATE RETURNMAY CLAIM CREDITCANNOT DO BOTH

TUITION UP TO $10,000/STUDENT MAY BE DEDUCTED

NEW YORK STATETAX-AIDE TRAINING - 2012

Page 52: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

STUDENT IDENTITIES IT-272

NEW YORK STATETAX-AIDE TRAINING - 2012

CARRIED FROM FORM 8863

Page 53: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

IT-272, Pg. 2

Page 54: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

REAL PROPERTY TAX CREDIT

CREDIT FOR LOW INCOME HOMEOWNERS and RENTERS

REFUNDABLE

CLAIM CAN BE FILED WITHOUT TAX RETURN

NYS FORM IT-214

NEW YORK STATETAX-AIDE TRAINING - 2012

Page 55: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

REAL PROPERTY TAX CREDIT PUB 22

REQUIREMENTSHOUSEHOLD INCOME NOT >$18,000HOMEOWNERS – PAY PROPERTY TAXES

VALUE OF HOME NOT > $85,000.00

RENTERS – RENT NOT > $450/MONTHMUST BE NYS RESIDENT FOR ENTIRE YRMUST OCCUPY SAME RESIDENCE FOR

MINIMUM OF 6 MONTHS CANNOT BE CLAIMED AS A DEPENDENT

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 56: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

REAL PROPERTY TAX CREDIT

AGE 65 OR OLDER:MAY BE ELIGIBLE FOR ENHANCED

CREDITHOMEOWNER: TAXPAYER OR SPOUSE MUST

BE 65RENTER: MEMBER OF HOUSEHOLD MUST BE

65 MUST HAVE LIVED IN RESIDENCE AT LEAST 6

MONTHS

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 57: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

REAL PROPERTY TAX CREDITHOUSEHOLD INCOME INCLUDES FOR

EACH MEMBER OF HOUSEHOLD:FEDERAL AGINYS ADDITIONSSUPPORT MONEYSSI INCOMETAX EXEMPT INTERESTWORKERS COMPENSATIONSEE PUB 22 FOR MORE DETAILS

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 58: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NURSING HOME ASSESSMENT CREDIT

ASSESSMENT IMPOSED ON HEALTH CARE FACILITYDO NOT CLAIM EXPENSES FOR CARE

MUST BE SEPARATELY STATEDCREDIT EQUALS ASSESSMENT

AMOUNT – UP TO 6%CODE 258 ON IT-201-ATT

Page 59: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

LONG TERM CARE INSURANCEIT-249

QUALIFIED POLICY

CREDIT EQUALS 20% PREMIUM PAIDPREMIUM MUST BE ENTERED ON

FEDERAL SCHED A “DETAIL SHEET”

CARRYOVER IF NECESSARY

RESIDENT, NON-RESIDENT, PY RESIDENT

Page 60: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

LONG TERM CARE – SCHED A

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 61: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK IT-249

NEW YORK STATE TAX-AIDE TRAINING - 2012

C/O FROM SCHED A

Page 62: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK IT-249

NEW YORK STATE TAX-AIDE TRAINING - 2012

C/O TO NEXT YEAR

Page 63: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

FULL YEAR RESIDENT ONLYFULL YEAR SERVICE

NO PROPERTY TAX EXEMPTION FOR SERVICE

MUST HAVE NAME, LOCATION OF FIRE DEPT.

TAXPAYER AND SPOUSE MAY EACH QUALIFYCREDIT = $200/PERSON

VOLUNTEER FIREFIGHTER/ AMBULANCE WORKER CREDIT IT-245

Page 64: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK FORM IT-245

NEW YORK STATE TAX-AIDE TRAINING - 2012

ANSWER QUESTIONS, PART 2

COMPLETE PART 3

Page 65: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

TAXWISE IT-201-ATT SCREEN

SELECT FORM; TW INSERTS CODE

Page 66: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

CLOSE NYS RETURN

REFUND DUEDIRECT DEPOSITDEBIT CARDCHECK

BALANCE DUECHECKCREDIT CARDELECTRONIC WITHDRAWAL

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 67: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

FORM TR 579CLIENT SIGNATURE

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 68: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

FORM TR 579CLIENT SIGNATURE

NEW YORK STATE TAX-AIDE TRAINING - 2012

CLIENT SIGNATURE

Page 69: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

FORM TR 579CLIENT SIGNATURE

NEW YORK STATE TAX-AIDE TRAINING - 2012

DO NOT SIGN THIS FORM

Page 70: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NYS PAPER RETURNS

MAY HAVE TO MAIL IN NYS RETURNSAMENDED RETURNDISABILITY EXCLUSION CLAIM

MAILING ADDRESSES ARE CHANGEDSEE NYS INSTRUCTIONS

Page 71: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NYS POWER OF ATTORNEY(POA)

NEW PROCEDURE FOR E-FILE RETURNS

HAVE POA REPRESENTATIVE SIGN TR-579ATTACH SIGNED TR-579 AND POA TO CLIENT

COPY OF RETURNPROVIDE THIS COPY TO POA REP.

NO LONGER NECESSARY TO COMPLETE NY POA FORM AND MAIL TO TAX DEPT MAY REQUIRE POA-1FROM REPRESENTATIVE

FOR ADDITIONAL INFORMATION

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 72: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE INTERVIEW FORM

QUESTIONS RELATED TO ITEMS UNIQUE TO NEW YORK

EACH CLIENT SHOULD COMPLETE

INCORPORATE INTO INTERVIEW

NEW YORK STATE TAX-AIDE TRAINING - 2012

Page 73: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

IT-272

IT-209

IT-245IT-214

IT-258

IT-249IT-112R

IT-201, LN 59

UPDATE

Page 74: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

EXEMPTION

EXCLUSION

Page 75: NEW YORK STATE TAX-AIDE TRAINING - 2012 NEW YORK STATE TAXES and CREDITS

NEW YORK STATE TAX-AIDE TRAINING - 2012

NEW YORK STATE TAXES

QUESTIONS???