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 form used in New York for reporting underpayment of estimated tax by individuals and fiduciaries.

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

Q: What is considered underpayment of estimated tax?
A: Underpayment of estimated tax refers to the situation where you have not paid enough in estimated tax throughout the year.

Q: When is Form IT-2105.9 due?
A: Form IT-2105.9 is generally due on the same day as your New York state income tax return.

Q: What information is required on Form IT-2105.9?
A: Form IT-2105.9 requires you to provide your personal information, calculate the underpayment penalty, and explain the reason for the underpayment.

Q: Is there a penalty for underpayment of estimated tax in New York?
A: Yes, there is a penalty for underpayment of estimated tax in New York. Form IT-2105.9 is used to calculate and report this penalty.