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1990-01-10
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661 lines
AM-TAX
New York Resident & Non-Resident
Income Tax Returns
1990 Tax Preparation Software
for the IBM Personal Computer
and compatibles
(c) Copyright 1986-1991 All Rights Reserved
AM Software, P.O. Box 25010 Kansas City, MO 64119
1.0 INTRODUCTION
The 1990 AM-Tax New York tax preparation software is an independent PC
program that operates very much like the federal income tax version. The
features to save, recall, print, and enter tax data are the same. The tax
forms and calculations are obviously different.
Installation and operation instructions can be found in the 1990 AM-Tax
Reference Manual. PLEASE READ APPENDIX C (State Tax Programs) carefully.
2.0 CHANGES IN THE 1990 PROGRAM
o Form IT-2105 (1991 Estimated Tax Worksheet) has been added to the New
York state tax software.
o Laser printing for the New York State, New York City, and Yonkers forms
is now offered through AM Software with the optional "Laser Forms" disk.
When installed, AM-Tax will print an approved version of each state and
city tax form. The "Laser Forms" software requires a hard disk, any HP
Laserjet printer, and a "Tax" font cartridge.
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3.0 GETTING STARTED
To install and run your 1990 New York tax program, follow the instructions
in Appendix C of the 1990 AM-Tax Reference manual.
4.0 TAX FORMS SUPPORTED
The 1990 New York version of AM-Tax supports the following tax forms:
IT-201 - New York Resident Income Tax Return
IT-203 - New York Nonresident Income Tax Return
IT-201ATT - Summary of Other Credits & Taxes (Residents)
IT-203ATT - Summary of Other Credits & Taxes (Nonresidents)
IT-112R - Resident Credit for Taxes Paid to Another State
IT-2105 - 1991 Estimated Tax Worksheet
IT-2105.9 - Penalty for Underpayment of Estimated Tax
IT-214 - Real Property Tax Credit
IT-220 - Minimum Income Tax
NYC-203 - City of New York Nonresident Earnings Tax
Y-203 - City of Yonkers Nonresident Earnings Tax
Schedule A - Allocation of Nonresident New York Wages
Worksheet #1 - Record of 1989 Estimated Tax Payments
LIST - General itemizing worksheet
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5.0 PRINTING YOUR NEW YORK TAX RETURN
AM-Tax supports the following printing methods:
o Data from any form can be printed on blank paper and then lined up with
a plastic transparency of the actual tax form. A photocopy will be
accepted by California. Transparencies can be purchased from Nelco.
o Data from any form can be printed on special pin-fed New York tax
forms (supplied by Nelco).
o A laser image of each form can be produced using the AM-Tax New York
"Laser Forms" software.
o Facsimiles of the New York forms can be printed on blank computer paper.
However these draft printouts cannot be filed as your New York tax return.
New York requires tax forms to look exactly like the official forms.
****************** *******************
****************** !!!!! IMPORTANT !!!!! *******************
+------------------------------------------------------------------------+
| AM-Tax can print a facsimile of all tax forms on regular computer |
| paper. However, New York will NOT accept the facsimile for any form |
| that requires a signature (IT-201, IT-203, IT-214, NYC-203, or Y-203.|
| New York neither approves or disapproves of any of the other form |
| facsimiles (IT-112R, IT-220, IT-2105.9, IT-201ATT, and IT-203ATT. |
| These other forms can be filed at your own risk. |
| |
| The only way to produce a completely computer-prepared tax return |
| acceptable to the state of New York is to use Nelco's overlays or |
| pre-printed forms or the AM-Tax New York "Laser Forms" software. |
+------------------------------------------------------------------------+
+------------------------------------------------------------------------+
| PRINTING WITH OVERLAYS AND PRE-PRINTED FORMS: |
| |
| When printing with the Nelco overlays and pre-printed forms, you |
| must set the "horizontal print adjustment" (found on the AM-Tax |
| print option screen to -1. |
+------------------------------------------------------------------------+
Information on Nelco products can be obtained from:
Nelco Forms, Inc.
3130 S. Ridge Road
Green Bay, WI 54307
(414) 337-1000
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6.0 NEW YORK CALCULATIONS & INITIALIZATION
****************************
IT-201 - Resident Tax Return
****************************
Personal Information - Names, address, social security numbers, and filing
status are primed directly from the Form 1040.
(C) Claimed as a Dependent - If you checked box 33b on your federal return,
this box is automatically checked as well.
(D) Did you itemize? - This box is automatically checked if you itemized
on your federal returns.
(E) Number of exemptions - From Form 1040, line 6e.
1. Wages - Primed from Form 1040, line 7.
2. Taxable Interest Income - Form 1040, line 8a.
3. Dividends - Form 1040, line 9.
4. Refunds of State and Local Taxes - Form 1040, line 10.
5. Alimony Received - Form 1040, line 11.
6. Business Income or Loss - Form 1040, line 12.
7. Capital Gain or Loss - Form 1040, line 13.
8. Capital Gain Distributions - Form 1040, line 14.
9. Other Gains or Losses - Form 1040, line 15.
10. Taxable Pensions and Annuities - Form 1040, line 16b.
11. Taxable IRAs - Form 1040, line 17b.
12. Rents, Royalties, Partnerships... - Form 1040, line 18.
13. Farm Income or Loss - Form 1040, line 19.
14. Unemployment Compensation - 1040, line 20.
15. Taxable Social Security Benefits - 1040, line 21b.
16. Other Income - Form 1040, line 22.
18. Total Federal Adjustments - Form 1040, line 30.
24. Refunds of State and Local Taxes - Set equal to IT-201, line 4.
25. Social Security or RRTA benefits - Set equal to IT-201, line 15.
31 - 40. Federal Itemized Deductions - These lines are automatically
initialized from various lines of Schedule A if you itemize on your federal
tax return.
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44. New York Itemized Deduction Adjustment - This adjustment applies to
taxpayers with federal adjusted gross income over $100,000. Up to 25% of
your itemized deductions are phased out. See your NY instruction booklet
for complete details.
45. New York Itemized Deductions - IT-201, line 43 minus line 44.
46. New York Deduction - This is the larger of your NY itemized deduction
from line 46 and the NY standard deduction allowed for your filing status.
49. NY Dependent Exemption Amount - The number of dependents times $1000.
50. Taxable Income - Line 48 minus line 49.
51. New York State Tax - This is taken from the New York State tax tables.
52. Child Care Credit - The number of qualifying dependents and your
federal child care credit amount are taken from Form 2441 of your federal
tx return. The New York State child care credit is calculated as 20% of
the federal credit amount.
53. New York State Household Credit - Calculated if you DID NOT check the
box indicating you can be claimed as a dependent and if your gross income
on IT-201, line 19 is under $28,000. The exact calculations are described
in the worksheets of the IT-201 instructions.
+------------------------------------------------------------------------+
| NOTE: If married, filing separate returns, you MUST provide the |
| gross income and number of dependents reported on your spouse's|
| return. The New York State household credit is based upon |
| the combined income and dependents from both returns. |
+------------------------------------------------------------------------+
IT-201ATT - If you need to report other credits and/or other taxes, you can
access Form IT-201ATT by pressing F6 when the cursor is just above line 54.
54. Other New York State Credits - From Form IT-201ATT, line 7.
57. Other New York State Taxes - From Form IT-201ATT, line 15.
59. New York City Resident Tax - If you are required to pay the NYC
resident tax, answer Y(es) to the question just above line 59. The tax for
line 59 will then be automatically calculated from the New York City tax
tables.
60. New York City Household Credit - If you indicate that you're required
to pay NYC taxes, then you may also qualify for the household credit. AM-
Tax determines this automatically. See the IT-201 instructions for
complete details.
62. New York City Nonresident Earnings Tax - Supported by Form NYC-203.
63. Other New York City Taxes - Taken from IT-201ATT, line 19.
64. Yonkers Resident Tax - If you indicate that you're required to pay a
Yonkers resident tax, line 64 will be 15% of your New York State tax (line
58 less your property tax credit from IT-214).
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65. Yonkers Nonresident Tax - Supported by Form Y-203.
70. Real Property Tax Credit - Supported by Form IT-214.
71. New York Tax Withheld - From all federal W-2 worksheets where the state
withholding code is NY.
72. New York City tax withheld - From all federal W-2, W-2P, and W-2G
worksheets where the local taxing authority is entered as "NY" or "New
York".
73. Yonkers tax withheld - From all federal W-2, W-2P, and W-2G worksheets
where the local taxing authority is entered as "YK" or "Yonkers".
80. Penalty - Supported by IT-2105.9.
***********
IT-112R
***********
Lines 1-21 - Figures for column A (New York amounts) are directly from
IT-201 or IT-203. You must provide the column B amounts that are taxable
by another state.
Line 26 - Equal to your total New York state tax less any household
credit and child care credit claimed.
Line 29 + Line 49 - Your resident credit (from other U.S. governments and
from Canada) is transferred to line 1 of IT-201ATT.
Line 50 - Add-back of Canadian Resident Credit - Transferred to IT-201ATT
line 14.
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*********
IT-214
*********
Line 8 - This question is automatically answered YES or NO, depending on
whether or not you've made an entry on line 20.
Line 10 - AM-Tax sets this equal to line 21 or line 25. You can override
this line using F9, if necessary.
Line 11 - From the sum of line 34 on this form. If more than $18,000,
then lines 12 through 17 are zeroed. You don't qualify for the credit.
Line 16 - Your credit limit is determined using your household gross income
(line 11) and your answer to question 2b. See the instruction workbook for
the limits used by AM-Tax.
Line 17 - The lesser of line 15 or line 16. You must override this,
however, if more than one member of your household is applying for a
credit.
Line 23 - If you use the rental section of this form, then AM-Tax checks to
be sure you've entered 50, 25, 20, or 15% on this line. If you try to
enter anything else, AM-Tax will zero it out.
**********
IT-220
**********
This form is accessed by pressing F6 when the cursor is on line 11 of
IT-201ATT or line 8 of IT-203ATT.
For Resident returns, Column A is always zero (AM-Tax clears any figures
that you attempt to enter into Column A). Figures for Column B, lines 1
through 8 are taken from the corresponding tax preference items reported on
the Federal Form 6251.
For Nonresident returns, Column A, lines 1 through 8 are primed with
information from the Federal Form 6251. You must enter the amounts that
apply to New York state in Column B.
Line 19 - IT-201ATT: Your specific deduction is $2500 if your filing
status is married filing separate returns. Otherwise, it's $5000.
***********
NYC-203
***********
This form is accessible from IT-201, line 63 or IT-203, line 63. On the
NYC-203 screen, AM-Tax asks if this form is for you or your spouse. The
amounts on all NYC-203 forms is summed and transferred back to line 63 of
the appropriate form.
Line 1 - You may enter a figure directly into this line or use the
allocation section (lines 10-16). If line 16 is greater than zero, then
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the amount from line 16 is moved to line 1. Otherwise, AM-Tax assumes
you've entered a figure directly into line 1.
Line 2/6 - Your exclusion is found from the table printed on NYC-203
using your combined wage and self-employment income. The exclusion is then
allocated between line 2 and line 5 based upon the proportion of income
from wages and self-employment.
Line 4 - Tax is line 3 times .0045.
Line 5 - You may enter a figure directly into this line or use the
allocation section (lines 17-23). If line 23 is greater than zero, then
the amount from line 23 is moved to line 5. Otherwise, AM-Tax assumes
you've entered a figure directly into line 5.
Line 6 - Your exclusion is found from the table printed on NYC-203.
Line 8 - Self-employment tax is line 7 times .0065.
Line 9 - This amount is included in IT-201, line 63 or IT-203, line 63.
Lines 10-23 - Calculations are self-explanatory.
**********
Y-203
**********
This form is accessible from IT-201, line 66, column A or IT-203, line 65.
On the Y-203 screen, AM-Tax asks if this form is for you or your spouse.
The amounts on line 6 from all Y-203 forms is summed and transferred back
to IT-201 or IT-203.
Line 1 - You may enter a figure directly into this line or use the
allocation section (lines 7-13). If line 13 is greater than zero, then the
amount from line 13 is moved to line 1. Otherwise, AM-Tax assumes you've
entered a figure directly into line 1.
Line 2 - You may enter a figure directly into this line or use the
allocation section (lines 14-20). If line 20 is greater than zero, then
the amount from line 20 is moved to line 2. Otherwise, AM-Tax assumes
you've entered a figure directly into line 2.
Line 4 - Your exclusion is found from the table printed on Y-203.
Line 6 - Tax is line 5 times .005. This amount is moved to IT-201, line
66 or IT-203, line 65.
Lines 7-20 - Calculations are self-explanatory.
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******
IT-203
******
Calculations closely follow those described under IT-201. When priming
your New York nonresident return, AM-Tax enters federal figures in the
"federal amount" column. You are responsible for entering the New York
amounts.
IT-203, line 1 (wages, salaries, tips) is supported by Schedule A
(Allocation of Wages and Salary). If you press F6 on line 1, then the New
York wage amount is calculated from Schedule A based upon the ratio of days
worked in New York State to the total available working days.
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