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New York Free Printable Form IT-205-T Allocation of Estimated Tax Payments to Beneficiaries Tax Year 2023 for 2024 New York Allocation of Estimated Tax Payments To Beneficiaries

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Allocation of Estimated Tax Payments To Beneficiaries
Form IT-205-T Allocation of Estimated Tax Payments to Beneficiaries Tax Year 2023

IT-205-T Department of Taxation and Finance Allocation of Estimated Tax Payments to Beneficiaries For Jan. 1 - Dec. 31, 2023, or fiscal year beginning Page    of , 2023, and ending Name of trust or estate (as shown on federal Form SS-4) Employer identification number Name and title of fiduciary Address of fiduciary (number and street or rural route) City, village, or post office State ZIP code .00 1 Total amount of estimated taxes to be allocated to beneficiaries (enter here and on Form IT-205, line 31)... 1 Allocation to beneficiaries (submit additional sheets if necessary; see instructions on back) A B C Amount of estimated tax payment Name and address of beneficiary Beneficiary’s identifying number(s) allocated to beneficiary 2 Column C total (including amounts from additional sheet(s), if any)   The amount on line 2 must equal the amount on line 1........................................ Sign here 208001230094 Signature of fiduciary or officer representing fiduciary 2 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 D Proration percentage .00 Date IT-205-T (2023) (back) Instructions Purpose of form Additional sheets – If you are allocating a payment of estimated taxes to more than 16 beneficiaries, list the additional beneficiaries on an additional Form IT‑205‑T or a separate sheet. Follow the format shown on the front of this form if you use a separate sheet (be sure to include your name and taxpayer identification number). If you use another Form IT‑205‑T, fill in the page box at the top right for each form used. How to file Submit Form IT‑205‑T with Form IT‑205, Fiduciary Income Tax Return, only if you are making the election with Form IT‑205. Otherwise, file Form IT‑205‑T separately. Line 2 – Enter on line 2 the column C total, including the total from any separate sheet(s). If you use more than one sheet, include this total on the last page. This combined total must equal the amount entered on line 1. When to file Privacy notification A trust or a decedent’s estate (for its final tax year) may elect under Tax Law section 685(c)(6)(D) or (F), as applicable, to have any part of its estimated tax payments treated as made by a beneficiary or beneficiaries. The fiduciary must file Form IT‑205‑T to make the election. Once made, the election is irrevocable. Trusts must file Form IT‑205‑T on or before the 65th day after the close of the tax year for the section 685(c)(6)(D) election to be valid. Estates must file Form IT‑205‑T on or before the 65th day after the close of the tax year in which the estate is terminated. When the due date falls on a Saturday, Sunday, or legal holiday, you may file on the next business day. Where to file Mail all returns to: STATE PROCESSING CENTER PO BOX 61000 ALBANY NY 12261-0001 Private delivery services – See Publication 55, Designated Private Delivery Services. Line instructions Line 1 – Enter the total amount of estimated tax payments made by the trust or decedent’s estate that the fiduciary elects to treat as a payment made by the beneficiaries. This amount is treated as if paid or credited to the beneficiaries on the last day of the tax year of the trust or decedent’s estate. Allocation to beneficiaries Column A – Name and address of beneficiary Group the beneficiaries to whom you are allocating estimated tax payments into two categories. First, list all of the individual beneficiaries - those who have Social Security numbers. Second, list all of the other beneficiaries - those who have employer identification numbers. Column B – Beneficiary’s identifying number(s) Enter each beneficiary’s Social Security number or employer identification number. For those beneficiaries who may file a joint return, you can help the New York State Tax Department credit the proper account by providing the Social Security number, if known, of the beneficiary’s spouse. However, this is an optional entry. Column C – Amount of estimated tax payment allocated to beneficiary For each beneficiary, enter the amount of estimated income tax payment credited to that beneficiary. Column D – Proration percentage For each listed beneficiary, divide the amount shown in column C by the amount shown on line 1. Round the result to the fourth decimal place, and enter the result as a percentage. 208002230094 New York State Law requires all government agencies that maintain a system of records to provide notification of the legal authority for any request for personal information, the principal purpose(s) for which the information is to be collected, and where it will be maintained. To view this information, visit our website, or, if you do not have Internet access, call and request Publication 54, Privacy Notification. See Need help? for the Web address and telephone number. Need help? Visit our website at www.tax.ny.gov • get information and manage your taxes online • check for new online services and features Telephone assistance Automated income tax refund status: 518-457-5149 Personal Income Tax Information Center: 518-457-5181 To order forms and publications: 518-457-5431 Text Telephone (TTY) or TDD   equipment users Dial 7-1-1 for the New York Relay Service
Extracted from PDF file 2023-new-york-form-it-205-t.pdf, last modified October 2006

More about the New York Form IT-205-T Individual Income Tax Estimated TY 2023

We last updated the Allocation of Estimated Tax Payments To Beneficiaries in February 2024, so this is the latest version of Form IT-205-T, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-205-T directly from TaxFormFinder. You can print other New York tax forms here.


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Related New York Individual Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New York Form IT-205-T.

Form Code Form Name
Form IT-205 Fiduciary Income Tax Return
Form IT-205-A Fiduciary Allocation
Form IT-205-V Instructions and Payment Voucher for Fiduciary Income Tax Returns
Form IT-205-C New York State Resident Trust Nontaxable Certification

Download all NY tax forms View all 272 New York Income Tax Forms


Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York Form IT-205-T from the Department of Taxation and Finance in February 2024.

Show Sources >

Form IT-205-T is a New York Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of New York Form IT-205-T

We have a total of twelve past-year versions of Form IT-205-T in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form IT-205-T

Form IT-205-T Allocation of Estimated Tax Payments to Beneficiaries Tax Year 2023

2022 Form IT-205-T

Form IT-205-T Allocation of Estimated Tax Payments to Beneficiaries Tax Year 2022

2021 Form IT-205-T

Form IT-205-T Allocation of Estimated Tax Payments to Beneficiaries Tax Year 2021

2020 Form IT-205-T

Form IT-205-T Allocation of Estimated Tax Payments to Beneficiaries Tax Year 2020

2019 Form IT-205-T

Form IT-205-T:2019:Allocation of Estimated Tax Payments to Beneficiaries:it205t

2018 Form IT-205-T

Form IT-205-T:2018:Allocation of Estimated Tax Payments to Beneficiaries:it205t

2017 Form IT-205-T

Form IT-205-T:2017:Allocation of Estimated Tax Payments to Beneficiaries:IT205T

2016 Form IT-205-T

Form IT-205-T:2016:Allocation of Estimated Tax Payments to Beneficiaries:IT205T

2015 Form IT-205-T

Form IT-205-T:2015:Allocation of Estimated Tax Payments to Beneficiaries:IT205T

Allocation of Estimated Tax Payments To Beneficiaries 2014 Form IT-205-T

Form IT-205-T:2014:Allocation of Estimated Tax Payments to Beneficiaries:IT205T

Allocation of Estimated Tax Payments To Beneficiaries 2013 Form IT-205-T

Form IT-205-T:2013:Allocation of Estimated Tax Payments to Beneficiaries:IT205T

2012 Form IT-205-T

Form IT-205-T:2012:Allocation of Estimated Tax Payments to Beneficiaries:IT205T


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