Instructions for Form DTF-686-ATT New York Reportable Transaction Disclosure Statement and Request for a Determination - New York

This document contains official instructions for Form DTF-686-ATT , New York Request for a Determination - a form released and collected by the New York State Department of Taxation and Finance.

FAQ

Q: What is Form DTF-686-ATT?
A: Form DTF-686-ATT is a New York Reportable Transaction Disclosure Statement and Request for a Determination.

Q: What is the purpose of Form DTF-686-ATT?
A: The purpose of Form DTF-686-ATT is to disclose reportable transactions to the New York Department of Taxation and Finance and request a determination.

Q: Who needs to file Form DTF-686-ATT?
A: Taxpayers who have engaged in reportable transactions in New York need to file Form DTF-686-ATT.

Q: What are reportable transactions?
A: Reportable transactions are certain transactions that may have tax implications and need to be reported to the New York Department of Taxation and Finance.

Q: Are there any penalties for not filing Form DTF-686-ATT?
A: Yes, there are penalties for failure to file or filing an incomplete or inaccurate Form DTF-686-ATT.

Q: Is Form DTF-686-ATT required every year?
A: No, Form DTF-686-ATT is only required to be filed for the tax year in which the reportable transaction occurred.

Q: Can I file Form DTF-686-ATT electronically?
A: No, currently Form DTF-686-ATT can only be filed by mail.

Q: What documentation should be included with Form DTF-686-ATT?
A: Supporting documentation related to the reportable transaction should be included with Form DTF-686-ATT.

Q: How long does it take to receive a determination after filing Form DTF-686-ATT?
A: The processing time for a determination can vary, but it generally takes several weeks to receive a response after filing Form DTF-686-ATT.