This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IT-2658 for the current year.
This document contains official instructions for Form IT-2658 , Report of Estimated Tax for Nonresident Individual Partners and Shareholders for Payments on Behalf of Nonresident Individuals Only of Mobility Tax (Mctmt) - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-2658 is available for download through this link.
Q: Who needs to file Form IT-2658?
A: Nonresident individual partners and shareholders who make payments on behalf of nonresident individuals only of personal income tax and MCTMT in New York.
Q: What is the purpose of Form IT-2658?
A: To report estimated tax payments made on behalf of nonresident individuals for personal income tax and MCTMT in New York.
Q: What is MCTMT?
A: MCTMT stands for Metropolitan Commuter Transportation Mobility Tax and it is a tax imposed on employers and self-employed individuals engaging in business within the metropolitan commuter transportation district in New York.
Q: Is Form IT-2658 only for nonresidents?
A: Yes, Form IT-2658 is specifically for nonresident individuals who make payments on behalf of other nonresident individuals for personal income tax and MCTMT in New York.
Q: When is Form IT-2658 due?
A: Form IT-2658 is due on a quarterly basis, with payment due dates on April 15, June 15, September 15, and January 15.
Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing or underpayment of estimated tax. It is important to pay and file on time to avoid these penalties.
Instruction Details:
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