Form DTF-664 Tax Shelter Disclosure for Material Advisors - New York

What Is Form DTF-664?

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.

FAQ

Q: What is Form DTF-664?
A: Form DTF-664 is the Tax Shelter Disclosure for Material Advisors form required by the state of New York.

Q: Who needs to file Form DTF-664?
A: Material advisors who promote or provide tax shelters in the state of New York need to file Form DTF-664.

Q: What is a tax shelter?
A: A tax shelter is a legal strategy or arrangement used to reduce or avoid taxes.

Q: What information needs to be reported on Form DTF-664?
A: Form DTF-664 requires material advisors to report information about the tax shelters they promote or provide, such as the name and identification number of the tax shelter and the taxpayer identification number of the taxpayer.

Q: When is Form DTF-664 due?
A: Form DTF-664 is due annually on or before April 15th.

Q: Are there any penalties for not filing Form DTF-664?
A: Yes, failure to file or late filing of Form DTF-664 can result in penalties and interest charges.

Q: Is there a fee to file Form DTF-664?
A: No, there is no fee to file Form DTF-664.

Q: Is Form DTF-664 only required for tax shelters in New York?
A: Yes, Form DTF-664 is specific to tax shelters in the state of New York and is not required for tax shelters in other states or at the federal level.