This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IT-205-J for the current year.
This document contains official instructions for Form IT-205-J , New York State Accumulation Distribution for Exempt Resident Trusts - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-205-J is available for download through this link.
Q: What is Form IT-205-J?
A: Form IT-205-J is a tax form used for reporting accumulation distributions for exempt resident trusts in New York State.
Q: Who needs to file Form IT-205-J?
A: Exempt resident trusts in New York State that have made accumulation distributions during the tax year need to file Form IT-205-J.
Q: What are accumulation distributions?
A: Accumulation distributions are the amounts of income that a trust has accumulated and distributed to its beneficiaries.
Q: When is the due date for filing Form IT-205-J?
A: Form IT-205-J must be filed on or before the 15th day of the fourth month following the end of the trust's tax year.
Q: Are there any penalties for failing to file Form IT-205-J?
A: Yes, there are penalties for failing to file Form IT-205-J, including late filing penalties and interest charges.
Instruction Details:
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