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

Form CT-225 New York State Modifications - New York

This document contains official instructions for Form CT-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 CT-225 is available for download through this link.

FAQ

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

Q: Who needs to file Form CT-225?
A: Individuals and businesses who have modifications to their federal taxable income for New York State tax purposes need to file Form CT-225.

Q: What are modifications to federal taxable income?
A: Modifications to federal taxable income are changes that need to be made to your federal taxable income in order to calculate your New York State taxable income.

Q: What are some examples of modifications?
A: Examples of modifications may include additions or subtractions for items such as federal bonus depreciation, New York State additions or subtractions, and certain federal deductions that are disallowed for New York State tax purposes.

Q: When is the due date for filing Form CT-225?
A: The due date for filing Form CT-225 is generally the same as the due date for your New York State personal income tax return, which is April 15th for calendar year filers.

Q: Are there any penalties for not filing Form CT-225?
A: Yes, there may be penalties for not filing Form CT-225 or for filing it late. It is important to file the form accurately and on time to avoid penalties.