Instructions for Form IT-219 Credit for New York City Unincorporated Business Tax - New York

Form IT-219 Credit for New York City Unincorporated Business Tax - New York

This document contains official instructions for Form IT-219 , Credit for New York City Unincorporated Business Tax - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-219 is available for download through this link.

FAQ

Q: What is Form IT-219?
A: Form IT-219 is a tax form used for claiming the Credit for New York City Unincorporated Business Tax.

Q: Who can claim the credit?
A: Individuals and partners of partnerships that pay the New York City Unincorporated Business Tax may be eligible to claim the credit.

Q: What is the purpose of the credit?
A: The credit is intended to alleviate the double taxation of income earned by unincorporated businesses in New York City.

Q: What expenses can be used to calculate the credit?
A: Expenses related to the operation of an unincorporated business, such as rent, utilities, and wages, can be used to calculate the credit.

Q: Are there any limitations on the credit?
A: Yes, there are limitations on the amount of the credit, based on the taxpayer's federal adjusted gross income.

Q: When is the deadline to file Form IT-219?
A: The deadline to file Form IT-219 is the same as the deadline for filing your New York State income tax return, which is usually April 15th.

Q: Can I e-file Form IT-219?
A: Yes, you can e-file Form IT-219 if you are also e-filing your New York State income tax return.

Q: Can I amend my Form IT-219 if I made a mistake?
A: Yes, you can amend your Form IT-219 if you made a mistake or need to make any changes.