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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-230
for the current year.
Form IT-230 Separate Tax on Lump-Sum Distributions - New York
What Is Form IT-230?
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 IT-230?
A: Form IT-230 is a tax form used in New York for reporting separate taxes on lump-sum distributions.
Q: What is a lump-sum distribution?
A: A lump-sum distribution refers to a one-time payment of a retirement plan, such as a pension or annuity.
Q: What is the purpose of Form IT-230?
A: The purpose of Form IT-230 is to calculate and report the separate tax owed on a lump-sum distribution in New York.
Q: Who needs to file Form IT-230?
A: Individuals who received a lump-sum distribution from a retirement plan and owe separate tax in New York need to file Form IT-230.
Q: When is the deadline for filing Form IT-230?
A: The deadline for filing Form IT-230 is typically the same as the deadline for filing your New York state income tax return, which is usually April 15th.
Q: Are there any penalties for late filing of Form IT-230?
A: Yes, there may be penalties for late filing of Form IT-230, including interest charges on any unpaid separate tax.
Q: Is Form IT-230 required for lump-sum distributions from IRAs?
A: No, Form IT-230 is not required for lump-sum distributions from Individual Retirement Accounts (IRAs). It is specifically for distributions from other types of retirement plans.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IT-230 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form IT-230 Separate Tax on Lump-Sum Distributions - New York
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