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Screen NYAccr - New York Special Accrual Income (1040)
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Overview
Use this screen to complete the New York, New York City, and Yonkers Special Accrual Worksheet. Amounts calculated on the New York, New York City, and Yonkers Special Accrual Worksheet combine with amounts calculated on the New York AGI Worksheet and the New York Post Allocation Worksheet before appearing on Forms IT-201, IT-203, IT-360.1, IT-203-X, and/or NYC-1127.
- Returns calculated with accrued income aren't eligible for electronic filing.
- See New York notices N-05-4 and N-05-3 (available at http://www.tax.ny.gov/pubs_and_bulls/notices.htm) for more information regarding special accruals.
Nature of Accrual
UltraTax CS uses the information in this section to complete the New York, New York City, and Yonkers Special Accrual Worksheet. Amounts calculated on the New York, New York City, and Yonkers Special Accrual Worksheet combine with amounts calculated on the New York AGI Worksheet and the New York Post Allocation Worksheet before appearing on Forms IT-201, IT-203, IT-360.1, IT-203-X, and/or NYC-1127.
Became a nonresident this year, accruing current or future years' income to residency period for: New York / ... / Yonkers
These fields are for part-year residents of the specified jurisdiction. Taxpayers who move out of New York, New York City, and/or Yonkers may be required to accrue future income to the period of New York, New York City, and/or Yonkers residency. If any of these fields is marked, amounts calculated on the New York, New York City, and Yonkers Special Accrual Worksheet combine with amounts calculated on the New York AGI Worksheet and the New York Post Allocation Worksheet before appearing on Forms IT-201, IT-203, IT-360.1, IT-203-X, and/or NYC-1127. This calculation normally results in an increase to income and adjustments.
Became a resident this year, accruing current or future years' income to nonresidency period for: New York / ... / Yonkers
These fields are for part-year residents of the specified jurisdiction. Taxpayers who move into New York, New York City, and/or Yonkers may be able to accrue future income to the period of New York, New York City, and/or Yonkers non-residency. If any of these fields is marked, amounts calculated on the New York, New York City, and Yonkers Special Accrual Worksheet are multiplied by -1 before combining with amounts calculated on the New York AGI Worksheet and the New York Post Allocation Worksheet and appearing on Forms IT-201, IT-203, IT-360.1, IT-203-X, and/or NYC-1127. This calculation normally results in a reduction of income and adjustments.
Returns calculated with accrued income aren't eligible for electronic filing.
Resident - prior year accrual already taxed, reducing current year resident income for: New York / ... / Yonkers
These fields are for full year residents of the specified jurisdiction. Taxpayers who are residents of New York, New York City, and/or Yonkers may be able to reduce current year income by the amount of income accrued in a prior year. If any of these fields is marked, amounts calculated on the New York, New York City, and Yonkers Special Accrual Worksheet are multiplied by -1 before combining with amounts calculated on the New York AGI Worksheet and appearing on Form IT-201. This calculation normally results in a reduction of federal income and adjustments and/or a reduction of resident tax for the jurisdiction indicated.
Returns calculated with accrued income aren't eligible for electronic filing.
Nonresident - prior year income not accrued due to bond or withholding, tax income as if resident of: New York / ... / Yonkers
These fields are for full year nonresidents of the specified jurisdiction. Taxpayers who are nonresidents of New York, New York City, and/or Yonkers may be required to increase current year income or tax by the amount of income or tax not accrued in the year of move due to the filing of a bond to secure future payments of tax. If any of these fields is marked, amounts calculated on the New York, New York City, and Yonkers Special Accrual Worksheet combine with amounts calculated on the New York AGI Worksheet and the New York Post Allocation Worksheet before appearing on Forms IT-203, IT-360.1, IT-203-X, and/or NYC-1127. This calculation normally results in an increase to income and adjustments.
Returns calculated with accrued income are not eligible for electronic filing.
Other Accrual Information
Adjustment to tax on lump-sum distribution: New York / New York City
Enter the accrual adjustment for tax on lump-sum distributions in these fields. These amounts are combined with tax calculated on Form IT-230, if any, before appearing on Form IT-201 or IT-203.
Returns calculated with accrued income are not eligible for electronic filing.
Use address listed on Form IT-260 and IT-260.1 for filing instructions
If
X
is entered, the filing instructions display the special mailing address listed on Form IT-260 / IT-260.1.Income
UltraTax CS uses the information entered in this section to complete the New York, New York City and Yonkers Special Accrual Worksheet. Amounts calculated on the New York, New York City, and Yonkers Special Accrual Worksheet combine with amounts calculated on the New York AGI Worksheet and the New York Post Allocation Worksheet before appearing on Forms IT-201, IT-203, IT-360.1, IT-203-X, and/or NYC-1127.
New York State
Use this statement window to enter New York State income.
- Residents: Only enter amounts in the IT-203, Col A or IT-201 column.
- Part-year residents and nonresidents: If amounts are already included in federal income, only enter amounts in the IT-203, Col B NY State Source column. If amounts aren't already included in federal income, enter amounts in both columns. Note that income entered in this field isn't used for New York City or Yonkers purposes. Also enter the income in theNew York Cityand/orYonkersfields if city accrual is desired.
- New York, New York City, and Yonkers Special Accrual Worksheet calculations: Income and adjustments are multiplied by -1 if theBecame a resident this year, accruing current or future years' income to nonresidency period forand/orResident - prior year accrual already taxed, reducing current year resident income forfields have data.
- Returns calculated with accrued income aren't eligible for electronic filing.
New York City
Use this statement window to enter New York City income.
- Residents: Only enter amounts in the IT-360.1, Col A Federal Only column.
- Part-year residents and nonresidents: If amounts are already included in federal income, only enter amounts in the 360/203/201 New York City column. If amounts are not already included in federal income, enter amounts in both columns.
- New York, New York City, and Yonkers Special Accrual Worksheet calculations: Income and adjustments are multiplied by -1 if theBecame a resident this year, accruing current or future years' income to nonresidency period forand/orResident - prior year accrual already taxed, reducing current year resident income forfields have data.
- Returns calculated with accrued income aren't eligible for electronic filing.
Yonkers
Use this statement window to enter Yonkers income.
- Residents: Only enter amounts in the IT-360.1, Col A Federal Only column.
- Part-year residents and nonresidents: If amounts are already included in federal income, only enter amounts in the360/203/201 Yonkerscolumn. If amounts aren't already included in federal income, enter amounts in both columns.
- New York, New York City, and Yonkers Special Accrual Worksheet calculations: Income and adjustments are multiplied by -1 if theBecame a resident this year, accruing current or future years' income to nonresidency period forand/orResident - prior year accrual already taxed, reducing current year resident income forfields have data.
- Returns calculated with accrued income are not eligible for electronic filing.