TAX WORKSHOP

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TAX WORKSHOP

• Presented to
• NEW YORK STATE
• NONRESIDENT STUDENTS
• AND SCHOLARS
• Spring 2007

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Toll Free Tax Information1-800-225-5829(foreign
language assistance is available)

• VISIT OUR WEB SITE AT
• www.nystax.gov

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New York State Income Tax

• If you did not have income and only need to file
  Form 8843 to the IRS
• then, you do not need to file a New York State
  personal income tax return.

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Federal Conformity

• New York State (NYS) complies with ALL tax
  treaties that the Internal Revenue Service uses.
• Your Federal (IRS) Taxable Income is the starting
  point in computing your New York State income
  tax.
• New York-Source Income is Taxable Income you
  received in New York State.
• Note If you earned income in any other state
  in the United States, please consult that state
  for income tax filing requirements.

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New York State Income Tax forNonresident Alien
Students Scholars

• Almost all nonresident alien students and
  scholars are in New York temporarily for a
  particular purpose and, therefore, are
  nonresidents for income tax purposes.
• However, if you do not have a domicile (a place
  you intend to return to as your permanent home)
  outside New York State and you maintained a
  permanent place of abode (residence) in New York
  State, you may be required to file other New York
  State income tax returns.

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Do I have to file a New York State IT-203
nonresident income tax return?Yes, if you meet
any of the following conditions

• You had New York-source taxable income and your
  New York adjusted gross income (Federal amount
  column) is more than
  7,500 for single individuals
• 3,000 if single can be claimed on another
  taxpayers IRS tax return
• 7,500 if married filing separate tax returns
• You want to claim a refund.
  

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New York State Nonresident Tax Form

• Almost all nonresident alien students/ scholars
  who file a NYS income tax return will need to
  file
• Form IT-203, Nonresident and Part-year
  Resident Income Tax Return and attach form IT-2
  if you received W-2s.

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Form IT-203 Filing Status Guidelines for
Nonresident Aliens

• If you checked single on your 1040NR-EZ or
  1040NR and you are required to file Form IT-203,
  you MUST check single as your filing status on
  your Form IT-203.
• If you checked married on your 1040NR-EZ or
  1040NR, you must check married filing separate
  as your filing status on your Form IT-203.
  (Married filing joint is not allowed)

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Form IT-203 Guidelines

• Unlike the IRS tax return, NO PERSONAL EXEMPTION
  is allowed for you or your spouse on Form IT-203.
  
• You are allowed the SAME amount of DEPENDENT
  EXEMPTIONS as claimed on your IRS tax return.
• Unlike the IRS tax return, you may ALL claim a
  STANDARD DEDUCTION.

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The NYS Standard Deduction Amount

• 2006 New York State standard deduction amount
• 7,500 for single individuals
• 3,000 if single can be claimed on another
  taxpayers federal (IRS) return
• 7,500 if married filing separate tax returns

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Form IT-203 General Guidelines

• If any part or your scholarship or fellowship was
  included as INCOME (for room and board) on your
  IRS tax return, then enter it on the line for
  OTHER INCOME (line 15) on your NYS tax return,
  IT-203.
• If you included your 2005 State Income tax refund
  as income on your IRS tax return, you can
  subtract it (line 24) on your NYS tax return,
  IT-203.
• Only enter the taxable income from the IRS tax
  return onto the NYS tax return, IT-203

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W-2 Form
16-70000000
4000.00
424.00
UCLA Main St Los Angeles CA 90903
010-00-0101
Joy Kim 345 University St Amherst NY 14226
CA 16-7000000 4000.00
200.00
5
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W-2 Form
16-6000000
6000.00
540.00
University of New York At Buffalo Capen
Hall Amherst NY 14226
010-00-0101
Joy Kim 345 University St Amherst NY 14226
NY 16-60000000 6000.00
240.00
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What about the State Copy of Form W-2?

• If you are filing a NYS tax return and have a
  W-2, transfer your W-2 information onto NYS Form
  IT-2.
• DO NOT attach a W-2 to your NYS tax return
  (IT-203). Keep the state copy for your records.
• Attach the IT-2 to your IT-203.
• Note Obtain Form IT-2 from www.nystax.gov

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IT-2
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Transfer ALL W-2 Information to Form IT-2

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You must complete IRS Form 1040NR-EZ or 1040NR
before filling out Form IT-203.
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Federal Form 1040NR-EZ From the 1040NR-EZ or
1040-NR you will transfer the taxable income
amounts only
Line 6 includes 5000 Scholarship and 2000 is
wages reported on Form 1042-S and is NOT
transferred to the NYS form IT-203
This column, lines 3-10, is taxable income and
transferred to NYS return Federal amount Column
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Completing IT-203
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Complete Lines 1 through 18. Transfer the
amounts from your 1040NR-EZ or 1040NR to the
Federal Amount column and income you earned in
New York State (New York-source income) to NYS
amount column.
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Use your Federal Adjusted gross income then
determine your NYS adjusted gross income. If you
included your state refund for tax year 2004 as
income on your 1040NR-EZ or 1040NR, subtract it
on line 24 to arrive at NYS taxable income.
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Line 38 NYS taxes see next slide for Tax Chart
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If you have a dollar amount on line 37 (NYS
taxable income) find your income tax in the
tables beginning on page 69 of the IT-203
instructions
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Line 39 household credit
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Who is entitled to a NYS household credit ?

• Cannot be claimed on another persons federal tax
  return and if your income on form IT-203
• Single and your federal amount column (line 18)
  is 28,000 or less
• Married and federal amount column (line 18) is
  32,000 or less
• The household credit is NOT refundable and will
  only reduce your NYS tax.
• See page 40 in the IT-203 Instructions booklet
  for household credit chart

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NYS household credit chart for a single person
that CANNOT be claimed on another taxpayers
federal return
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IT -203 tax computation continued
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New York State and LocalSales and Use Tax

• You owe a sales and use tax if
• You purchase property or a service delivered to
  YOU in New York State without payment of sales
  and use tax (Ex. Internet, catalog purchases).
• Most tangible personal property is subject to
  New York and Local Sales tax.
• Examples clothing, jewelry, electronic
  equipment, furniture, prewritten software, books
  (excluding text books), compact disks, videos,
  etc.

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Line 56 (IT-203) is used to report the amount
of sales tax you owe. If you do not owe sales
tax, enter 0 on line 56. On page 64 of the
IT-203 Instructions booklet, there are
instructions for computing the amount of use tax
due if you owe. If you
DO NOT owe Sales and Use tax, enter a ZERO on
line 56. DO NOT leave it Blank.
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Page 4 of IT-203 Line 62 is from IT-2
272272
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Joy Kim
Student
2/22/07
Joy Kim
2/23/05 optional
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Mail your New York State tax return by 4/17/07
Mail to State Processing Center PO BOX
61000 Albany, New York 12261-0001
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Additional information for discussion Reporting
Sales Tax ONLY

• If you are not required to file a New York State
  personal income tax return (IT-203), you may
  report the amount of sales and use tax on form
  ST-140.
• This form is due 4/17/2007

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Income Tax Filing TIPS

• Remember to
• Sign your tax return.
• Enter your Social Security Number on your tax
  return.
• Complete Form IT-2 from your W-2 information and
  attach the IT-2.

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Thank you for coming!

• The material included in this presentation is
  intended for nonresident alien students and
  scholars in New York State who are in the U.S. on
  F-1 or J-1 visas.
• For more information, please refer to NYS
  Division of Taxation and Finance forms,
  instructions and publications.