www.nystax.gov

NYS Tax Contact InformationNYS Tax Contact Information

Tax Practitioners Hot Line: 1 (888) 238-0955Tax Practitioners Hot Line: 1 (888) 238-0955

Forms Control Unit phone number: (518) 244-1911Forms Control Unit phone number: (518) 244-1911

TP-3 Forms Order (Can order TP-300)TP-3 Forms Order (Can order TP-300)

E-file Helpdesk line: 1-800-353-1096E-file Helpdesk line: 1-800-353-1096

Request for training 518- 457-2398 Request for training 518- 457-2398

www.nystax.govwww.nystax.gov

Resources Available for VolunteersResources Available for Volunteers

TP -300 Quick Reference GuideTP -300 Quick Reference Guide

Publication 80 – General Information for NYS residentsPublication 80 – General Information for NYS residents

Publication 22 - Publication 22 - FAQS: NYS Real Property Tax Credit For Homeowners and Renters

Publication 310NY – NYS Earned Income Tax Credit

Publication 10-W -FAQs: New York State College Tuition Credit Publication 10-W -FAQs: New York State College Tuition Credit and Itemized Deduction and Itemized Deduction

Publication 94 – Should I be Paying Estimated taxesPublication 94 – Should I be Paying Estimated taxes

Publication 99IND-NYS/NYC Income tax credits for Individuals Publication 99IND-NYS/NYC Income tax credits for Individuals

Private and Confidential

In accordance with Internal Revenue Service In accordance with Internal Revenue Service Taxpayers utilizing volunteer program services provide personal information to the volunteers, such as names, addresses, social security numbers, birth dates, and bank account information.

Therefore, partners and volunteers must keep the information confidential and protect it from unauthorized individuals and misuse.

2009 NYS Filing Requirements2009 NYS Filing Requirements

You must file a New York State Return if you file a You must file a New York State Return if you file a federal returnfederal return

You did not have to file a federal return but if you had, You did not have to file a federal return but if you had, your federal adjusted gross income plus NYS additions your federal adjusted gross income plus NYS additions would have been $4000 or more ($3000 or more if you would have been $4000 or more ($3000 or more if you can be claimed on another’s person federal tax return)can be claimed on another’s person federal tax return)

You want to claim a refund (or a credit)You want to claim a refund (or a credit)

2009 Exemptions2009 Exemptions

Dependent exemption $1000Dependent exemption $1000

No New York State personal exemption No New York State personal exemption for the taxpayer and spouse allowed for the taxpayer and spouse allowed

2009 Standard Deduction2009 Standard Deduction

SingleSinglecan be claimed on another's tax returncan be claimed on another's tax return

SingleSinglecannot be claimed on another's tax returncannot be claimed on another's tax return

Married Filing JointlyMarried Filing Jointly

Married Filing SeparatelyMarried Filing Separately

Head of HouseholdHead of Householdwith qualifying personwith qualifying person

Qualifying Widow(er)Qualifying Widow(er)with dependent childwith dependent child

Filing StatusFiling Status

$3,000

$7,500

$15,000

$10,500

$15,000

$7,500

Standard DeductionStandard Deduction

Credits available only to full year residents Credits available only to full year residents

College Tuition CreditCollege Tuition Credit

Empire State Child Tax CreditEmpire State Child Tax Credit

Non-Custodial Parent EITCNon-Custodial Parent EITC

Real Property Tax CreditReal Property Tax Credit

Volunteer Fireman CreditVolunteer Fireman Credit

What is new for 2009?What is new for 2009?

New York Higher Education Loan Program (NYHELP)New York Higher Education Loan Program (NYHELP)

NYHELP will be administered by the New York State NYHELP will be administered by the New York State Higher Education Service Corporation (HESC). Higher Education Service Corporation (HESC).

Interest paid on NYHELPs student loans are Interest paid on NYHELPs student loans are deductible for purposes of any income or franchise deductible for purposes of any income or franchise tax imposed by the State or its political subdivisions.tax imposed by the State or its political subdivisions.

Bad Check FeeBad Check Fee

A $50 fee is imposed when a check, money order, A $50 fee is imposed when a check, money order, or electronic funds withdrawal is returned. or electronic funds withdrawal is returned.

Effective for all authorized tax documents required Effective for all authorized tax documents required to be filed for tax years beginning on or after to be filed for tax years beginning on or after January 1, 2009.January 1, 2009.

Middle Class STAR Rebate EliminationMiddle Class STAR Rebate Elimination

Middle Class STAR rebates that were scheduled to Middle Class STAR rebates that were scheduled to be issued by the Tax Department in the fall of 2009 be issued by the Tax Department in the fall of 2009 and each year thereafter are eliminated.and each year thereafter are eliminated.

Provision does not affect property owners’ Basic or Provision does not affect property owners’ Basic or Enhanced STAR exemption.Enhanced STAR exemption.

For NYC residents, the school tax credit is reduced:For NYC residents, the school tax credit is reduced:

• Married couples from 310 to $125 Married couples from 310 to $125

• All other filing statuses from $155 to $62.50All other filing statuses from $155 to $62.50

Additional Consumer Protection & Disclosure for Additional Consumer Protection & Disclosure for Refund Anticipation Loans (RALs) Refund Anticipation Loans (RALs)

Requires the registration of certain paid return Requires the registration of certain paid return preparers and RAL facilitators (VITA and TCE preparers and RAL facilitators (VITA and TCE exempt).exempt).

Directs Department to coordinate consumer tax Directs Department to coordinate consumer tax preparer complaints with the State Consumer preparer complaints with the State Consumer Protection Board.Protection Board.

Requires the Department to create a Task Force to Requires the Department to create a Task Force to examine the additional oversight of tax return examine the additional oversight of tax return preparers.preparers.

Additional Consumer Protection & Disclosure for Additional Consumer Protection & Disclosure for Refund Anticipation Loans (RALs) Refund Anticipation Loans (RALs)

Restrictions regarding RACs and RALs:Restrictions regarding RACs and RALs:

• charges or fees apart from the fee charged by the charges or fees apart from the fee charged by the creditor or bank that provides the loan or check;creditor or bank that provides the loan or check;

• engaging in unfair or deceptive practices;engaging in unfair or deceptive practices;

• directly or indirectly arranging for a third party to directly or indirectly arranging for a third party to charge any interest, fee, or charge; andcharge any interest, fee, or charge; and

• making a misrepresentation of fact in obtaining or making a misrepresentation of fact in obtaining or attempting to obtain a registration.attempting to obtain a registration.

Additional Consumer Protection & Disclosure for Additional Consumer Protection & Disclosure for Refund Anticipation Loans (RALs) Refund Anticipation Loans (RALs)

Chapter 432 of the laws of 2008 added Article 24-C to the General Business Law. The law is intended to increase consumer protection in the paid income tax preparer industry.

Effective January 1, 2009 with three main provisions:

• Requirement to provide contact information

• Requirement to distribute Publication 135, Consumer Bill of Rights Regarding Tax Preparers

• Requirements regarding refund anticipation loans disclosure

Voluntary Disclosure and Compliance Program (VDCP) Voluntary Disclosure and Compliance Program (VDCP) Technical AmendmentTechnical Amendment

Allows for the disclosure of return information to Allows for the disclosure of return information to the Internal Revenue Service and other taxing the Internal Revenue Service and other taxing authorities.authorities.

Online Tax CenterOnline Tax Center

First time individuals can create an individual First time individuals can create an individual account with the online tax center with no prior account with the online tax center with no prior department profile listed. department profile listed.

Metropolitan Commuter Transportation Mobility Tax Metropolitan Commuter Transportation Mobility Tax (MCTMT)(MCTMT)

The MCTMT is a new tax imposed on certain employers and self-The MCTMT is a new tax imposed on certain employers and self-employed individuals engaging in business within the Metropolitan employed individuals engaging in business within the Metropolitan Commuter Transportation District (MCTD). This department Commuter Transportation District (MCTD). This department administers the tax for the Metropolitan Transportation Authority.administers the tax for the Metropolitan Transportation Authority.

The MCTD includes New York (Manhattan), Bronx, Kings The MCTD includes New York (Manhattan), Bronx, Kings (Brooklyn), Queens, Richmond (Staten Island) , Rockland, Nassau, (Brooklyn), Queens, Richmond (Staten Island) , Rockland, Nassau, Suffolk, Orange, Putnam, Dutchess, and Westchester counties.Suffolk, Orange, Putnam, Dutchess, and Westchester counties.

TSB-M-09(1)MCTMT - Metropolitan Commuter Transportation Mobility Tax and Correction TSB-M issued TSB-M-09(1.1)MCTMT

For MCTMT questions (518) 485-2392 or 1 866 579-2498 For MCTMT questions (518) 485-2392 or 1 866 579-2498

MCTMTMCTMT

The MCTMT tax applies to:The MCTMT tax applies to:

• Employers required to withhold New York State income tax from Employers required to withhold New York State income tax from employee wages and whose payroll expense exceeds $2,500 in employee wages and whose payroll expense exceeds $2,500 in any calendar quarter any calendar quarter

• Individuals with net earnings from self-employment allocated to the Individuals with net earnings from self-employment allocated to the MCTD that exceed $10,000 for the tax year. (This includes partners MCTD that exceed $10,000 for the tax year. (This includes partners in partnerships and members of an LLC treated as a partnership.) in partnerships and members of an LLC treated as a partnership.)

Tax rateTax rate

• Employers:  .34% of an employer’s payroll expense for employees Employers:  .34% of an employer’s payroll expense for employees employed within the MCTD  employed within the MCTD 

• Individuals:  .34% of net earnings from self-employment allocated Individuals:  .34% of net earnings from self-employment allocated to the MCTD during the tax year to the MCTD during the tax year

MCTMTMCTMT

Initial payment for 2009Initial payment for 2009

• EmployersEmployers (other than employers required to file through the (other than employers required to file through the Promptax program) Promptax program) Due date: November 2, 2009Due date: November 2, 2009. Initial payment . Initial payment period: March 1, 2009 - September 30, 2009. Public schools have a period: March 1, 2009 - September 30, 2009. Public schools have a different initial payment period: September 1, 2009 - September 30, different initial payment period: September 1, 2009 - September 30, 2009. 2009.

• Employers who are required withholding tax Promptax filersEmployers who are required withholding tax Promptax filers (other than public school districts) Due date: Same date their 1st (other than public school districts) Due date: Same date their 1st withholding tax Promptax payment is due on or after October 31, 2009. withholding tax Promptax payment is due on or after October 31, 2009. Initial payment period: March 1, 2009 through and including the payroll Initial payment period: March 1, 2009 through and including the payroll date for which the Promptax payment was made. date for which the Promptax payment was made.

• IndividualsIndividuals  Due date: November 2, 2009   Due date: November 2, 2009

* The due date moves to November 2 because October 31, 2009 falls on * The due date moves to November 2 because October 31, 2009 falls on a Saturday.a Saturday.

MCTMTMCTMT

Annual MCTMT reconciliation:Annual MCTMT reconciliation:

• An individual with net earnings from self-employment must file An individual with net earnings from self-employment must file a reconciliation return to Reconcile his or her MCTMT a reconciliation return to Reconcile his or her MCTMT estimated tax payments. estimated tax payments.

• MCTMT reconciliation return is due on or before the 30th day MCTMT reconciliation return is due on or before the 30th day of the fourth month following the close of the tax year. of the fourth month following the close of the tax year.

• The reconciliation return will include the amount of MCTMT The reconciliation return will include the amount of MCTMT due and the amount paid during the year. due and the amount paid during the year.

MCTMTMCTMT

Self-employed estimated MCTMT PaymentsSelf-employed estimated MCTMT Payments

• The estimated tax rules that apply for purposes of NYS personal The estimated tax rules that apply for purposes of NYS personal income tax apply to the MCTMT. However, there is no exception income tax apply to the MCTMT. However, there is no exception from estimated MCTMT payments for taxpayers who expect to owe from estimated MCTMT payments for taxpayers who expect to owe less than $300 of MCTMT for the tax year. less than $300 of MCTMT for the tax year.

• The estimated MCTMT payments are due on April 30, July 31, and The estimated MCTMT payments are due on April 30, July 31, and October 31 of the current year, and January 31 of the following October 31 of the current year, and January 31 of the following calendar year.calendar year.

Thank-youThank-you

The material included in this slide show is intended only toThe material included in this slide show is intended only to

highlight the program as of the date presented. For morehighlight the program as of the date presented. For more

comprehensive information, please refer to our TSB-M’s, forms,comprehensive information, please refer to our TSB-M’s, forms,

instructions, publications ,tax laws, and amendmentsinstructions, publications ,tax laws, and amendments