Title Guarantee Inc.
New York State Tax News.
The State of New York has issued new forms that must be used for the Transfer of Real Property and Cooperatives by Non Residents of the State of New York.
Form IT-2663 form January 2010 must be used for Non resident Real Property Income Tax Payments. The form is Valid for transfers after December 31, 2009 , but before January 1, 2011.
Form IT-2664 form January 2010 must be used for Non resident Property Income Tax for Cooperative Units transfers after December 31, 2009 , but before January 1, 2011.
The State of New York issued a New IT-2663 and IT-2664 in April of 2009. The New Form raised the State tax from 6.85% to 8.97 %. This form was good for transactions from December 31, 2008 through Before Jauary 1, 2010. The new form for these documents is now in effect and must be used, even though there is no change in the Tax Rate.
If There Any Additional Changes to New York State Taxes as they relate to Real Property will will post them and include them in our Monthly Newsletter.