NY IRS 1099-MISC 2012-2024

NY 2024 IRS 1099-MISC: What You Should Know

For each Form 1099 you filed, include the following information on Form 8283, State and Local Tax Return (Form 8283), with your NY State Form 1099. The amount and date of each such overpayment. The amount overpaid by you or by a related individual(s). If that amount is not paid within 15 days after the due date for such payments, attach a statement of estimated tax under the following conditions: If you have any claim for refund of state or local taxes, you must pay that claim within 60 days of the due date of the return for your taxable year in the year in which you paid such taxes. That means you must pay that claim no later than 30 days after the due date of the return for the year in which you paid such taxes. You must keep a copy of the statement of estimated tax. Any credit for state and local tax paid, if any, is figured as a credit against your gross tax liability, and is not included in your state and local tax return. Your gross tax liability, including credits, is determined by dividing your tax liability by the amount of tax paid. See the Instructions for Form 8283 for how to fill out your state and local tax return. Note: If you have any claim for refund of state and local taxes, you must pay that claim within 15 days after the due date of the return for your taxable year in the year in which you paid such taxes. The 15-day period begins on the fifth day of the preceding taxable year and ends on the 15th day after the day you paid any tax. See paragraph (g)(2) of this section for a discussion about when an overpayment of state or local taxes may be due in an annual tax return. If you have any claim for refund of state or local taxes paid, you must pay that claim within 60 days after the due date of the return for your taxable year in the year in which you paid such taxes. This period is extended if you have paid state or local taxes and have made a federal return. The 60-day period can begin from the day the return is processed by the tax authority; or on the latter of the last day of the tax year or the due date designated on the return for refund. Thereafter, it will be extended by 4 days to the day on which the amount was paid in federal tax.

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