Instructions for Form IT-2105.9 Underpayment of Estimated Tax by Individuals and Fiduciaries - New York

Form IT-2105.9 Underpayment of Estimated Tax by Individuals and Fiduciaries - New York

This document contains official instructions for Form IT-2105.9 , Underpayment of Estimated Tax by Individuals and Fiduciaries - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-2105.9 is available for download through this link.

FAQ

Q: What is Form IT-2105.9?
A: Form IT-2105.9 is a tax form used by individuals and fiduciaries in New York to report the underpayment of estimated tax.

Q: Who needs to file Form IT-2105.9?
A: Individuals and fiduciaries in New York who have underpaid their estimated tax during the year need to file Form IT-2105.9.

Q: When is Form IT-2105.9 due?
A: Form IT-2105.9 is due on or before the due date of your New York State income tax return, which is usually April 15th.

Q: How do I calculate the underpayment penalty?
A: The underpayment penalty is calculated based on the amount of underpayment and the applicable interest rate. You can use the worksheet provided with Form IT-2105.9 to calculate the penalty.

Q: Can I request a waiver of the underpayment penalty?
A: Yes, you can request a waiver of the underpayment penalty if you meet certain criteria. Details about the waiver request process are provided in the instructions for Form IT-2105.9.

Q: Are there any other forms or documents that need to be filed along with Form IT-2105.9?
A: In most cases, you will need to include a copy of your federal income tax return (Form 1040) and your New York State income tax return (Form IT-201) along with Form IT-2105.9.

Q: Can I file Form IT-2105.9 electronically?
A: No, currently electronic filing is not available for Form IT-2105.9. You must file a paper copy of the form by mail.