NYS Department of Taxation and Finance Putting a Revised TP-584 Out This Month

Saturday, April 13, 2013


Stay up on the latest title news so that you know all about the important changes going on, like the NYS Department of Taxation and Finance ("DTF") that is putting a revised TP-584 into effect on April 15, 2013 (tax day!).  

The old form will, however, be good in most New York counties until June 15, 2013.

The NYC Register is anticipating that the new form will be within ACRIS by the sixth of May, and they are expecting a flurry of old forms, as well as new, until June 28, 2013.

 Staten Island is slowly behind in updating their own policies with regards to this recent change and has yet to release any due dates.

The changes from the current form to the revised TP-584 are as follows:

1.  DTF has added new check boxes on Page 1, Schedule A for grantors or grantees, which are single member LLCs. If the grantor or the grantee is a single member LLC, then the member's name and Tax Identification or Social Security Number must be entered on the form.

2.   DTF now requires the entry of the six digit Statewide Information System Code number (SWIS Code) on the property description. The SWIS Code number should appear on the property's tax bill. If not, your examiner or searcher can obtain it from the County Assessor's Office.

3.   A conveyance pursuant to a divorce or separation must be indicated on the new form be checking box "r" under "Condition of Conveyance".

4.   In all counties where documents are recorded in the County Clerk's Office, including Richmond County, checks in payment of the transfer tax must be made payable to the County Clerk. In the counties OF NYC, checks must be made payable to the NYC Department of Finance.

A copy of the new form can be found herehttp://www.tax.ny.gov/pdf/current_forms/property/tp584_fill_in.pdf and the instructions can be found here http://www.tax.ny.gov/pdf/current_forms/property/tp584i.pdf.

Please feel free to give me a call with any questions you may have at this number (516)-222-2444 or my cell (718)-415-2461.

~ Vincenzo P. Gavrity