Instructions for Form IT-225 New York State Modifications - New York

Form IT-225 New York State Modifications - New York

This document contains official instructions for Form IT-225 , New York State Modifications - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-225 is available for download through this link.

FAQ

Q: What is Form IT-225?
A: Form IT-225 is a tax form used in New York to report modifications to federal taxable income.

Q: Why would I need to file Form IT-225?
A: You would need to file Form IT-225 if you have modifications to your federal taxable income that affect your New York State tax liability.

Q: What are modifications to federal taxable income?
A: Modifications to federal taxable income are adjustments made to your income for New York State tax purposes. These adjustments can include additions or subtractions to your federal taxable income.

Q: When is Form IT-225 due?
A: Form IT-225 is generally due on the same day as your New York State income tax return, which is typically April 15th.

Q: Are there any penalties for late filing of Form IT-225?
A: Yes, there may be penalties for late filing of Form IT-225. It is important to file the form on time to avoid any penalties or interest charges.

Q: Can I e-file Form IT-225?
A: Yes, you can e-file Form IT-225 if you are filing your New York State income tax return electronically.

Q: Do I need to include any documents with Form IT-225?
A: You may need to include supporting documentation for the modifications you are reporting on Form IT-225. Refer to the instructions for the form for specific documentation requirements.

Q: What if I made an error on Form IT-225?
A: If you made an error on Form IT-225, you should file an amended form as soon as possible to correct the error.