This version of the form is not currently in use and is provided for reference only. Download this version of Form IT-501 for the current year.
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form IT-501?
A: Form IT-501 is a tax form used in New York to claim the Temporary Deferral Nonrefundable Payout Credit.
Q: What is the Temporary Deferral Nonrefundable Payout Credit?
A: The Temporary Deferral Nonrefundable Payout Credit is a tax credit in New York that allows for a deferral of certain income subject to a nonrefundable payout.
Q: Who is eligible to claim the credit?
A: Individuals who received income subject to a nonrefundable payout and meet certain criteria are eligible to claim the Temporary Deferral Nonrefundable Payout Credit.
Q: Why would someone need to use Form IT-501?
A: Form IT-501 is used to report and claim the Temporary Deferral Nonrefundable Payout Credit in New York.
Form Details:
Download a fillable version of Form IT-501 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.