NYS Laws Article 22 - Personal Income Tax § 611 New York taxable income of a resident individual.
§ 611. New York taxable income of a resident individual. (a) General. The New York taxable income of a resident individual shall be his New York adjusted gross income less his New York deduction and New York exemptions, as determined under this part. (b) Husband and wife. (1) If the federal taxable income of husband or wife, both of whom are residents, is determined on a separate federal return, their New York taxable incomes shall be separately determined. (2) If the federal taxable income of husband and wife, both of whom are residents, is determined on a joint federal return, their New York taxable income shall be determined jointly. (3) If neither husband or wife, both of whom are residents, files a federal return: (A) their tax shall be determined on their joint New York taxable income, or (B) separate taxes may be determined on their separate New York taxable incomes if they both so elect. (4) If either husband or wife is a resident and the other is a nonresident or part-year resident, separate taxes shall be determined on their separate New York taxable incomes unless such husband and wife determine their federal taxable income jointly and both elect to determine their joint New York taxable income as if both were residents.
As of Read Date 1/22/12 ALL NYS TAX Laws subject to change and update and you must confirm as filing or relying.
The New York State Resident Return is the IT-201 (the long form) there is also a short form return, the IT-150.
DCarsonCPA.com your CPA and Advisory Services solution for NYS and NYC Business, Non Profit and Individual needs built on 16 + years Financial Services and General Business expertise. For Accounting, Taxes, Analysis, Advisory, Compliance and more. Working with Businesses and Non Profits of ALL sizes and Individuals. Our role is to support Financial Decision Makers with Accounting and Related expertise.
No comments:
Post a Comment