Learn About Retirement & Financial Wellness
The New York State Deferred Compensation Plan is a State-sponsored employee benefit for State employees and employees of participating employers.
Our Mission: A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services to help State and local public employees achieve their retirement savings goals.
Account Executives are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio. Information provided by Retirement Specialists is for educational purposes only and not intended as investment advice.
If You Had Us Income During 2021 You May Need To File A State Tax Return
State taxes may have different residency guidelines than US taxes. For a fee, you can use Sprintax to file your state taxes. There are two easy ways to access Sprintax:
You may need to file for every state you lived and/or worked in for 2021. Remember, you cannot electronically file your tax return if you’re using Sprintax and filing as a nonresident for US tax purposes.
NEW YORK STATE and CITY TAX
You must file a NY Tax Return if:
- You are a NY resident and you filed a US tax form for 2021 or
- You had NY income greater than $4,000 in 2021 or
- You want a refund of NY State or City taxes withheld from your paycheck in excess of what you actually owed.
NEW JERSEY STATE TAX
- International students, professors and scholars are considered non-residents for NJ state tax purposes unless they had a permanent home in NJ.
- Make sure to confirm your own tax residency to determine your tax filing status NJ state.
- Use the appropriate NJ tax form:
- Either NJ resident tax form NJ-1040
- or NJ nonresident tax form NJ-1040NR.
Be Aware Of Tax Scams And Fraud
Each year, scammers claiming to be IRS or other government employees ask students and scholars for money that is “owed” to avoid any so-called tax penalties or fees. Please be aware and cautious of such calls, emails, letters or unusual contacts. These scammers might even say that they will call the police if you hang up or you will get deported if you do not comply with their requests. Review our Tips to Avoid Scams and Fraud to protect yourself.
Recommended Reading: How Much To Set Aside For Taxes 1099
Tax Professional Account Verification
If you are creating a Tax Professional account with your attorney registration number or CPA license number, you must verify one of the following when you create your account:
- information reported on your New York State income tax return filed for one of the past five years
- Note: If you requested your New York State overpayment to be carried forward and did not request a refund on your personal income tax return, enter a single “0” in the Amount you owed field.
If you don’t have the filing information required to create your account, you can use Form DTF-505, , to request a copy of your return. For your protection, we cannot provide you with filing information over the phone.
Create a Fiduciary Online Services account to manage the New York State personal income tax obligations for an estate or trust. You can use a Fiduciary account to:
- view the filing and payment history for your estate or trust,
- manage estimated income tax payments for your estate or trust,
- choose to receive bills, notices, and refund notifications electronically, and
- pay bills and respond to notices.
Did You Know You Can Add A Business Online Services Account To Your Existing Nygov Account
If you created a NY.gov account for your business at another New York State agency website , you can create a Business Online Services account with the Tax Department using the same login information.
Simply log in to your existing NY.gov account and follow the prompts to verify your business’s tax information.
Create an Individual Online Services account to manage your New York State personal income tax obligations. You can use an Individual account to:
- view your filing and payment history,
- manage your estimated income tax payments,
- choose to receive bills, notices, and refund notifications electronically,
- pay bills and respond to notices, and
- register or renew as a tax return preparer or refund facilitator.
Don’t Miss: Tax Free Weekend In Massachusetts
Consequences Of Not Filing Your Tax Forms
Penalties for not complying with the filing requirement can include but are not limited to:
- Denials of future requests for a Change of Status
- Denials of visa renewals at American Consulates/Embassies
- Fines and interest will accrue on unreported income and could result in more money being owed to the IRS in the future
- If filed more than 3 years late, a refund will not be remitted by the IRS to the taxpayer
If you don’t file your tax forms with the IRS by the tax deadline, or need to correct a mistake, you may be able to submit an amended tax return or mail the necessary tax documents even after the deadline date. Consult with a tax professional for assistance if you need to adjust a previously filed tax return.
Important Information About The September 2022 Cyberattack
On or about September 8, 2022, Suffolk County determined that its systems had been affected by what appeared to be a cyberattack. While the cyber assessment remains ongoing, we believe that the threat actors accessed and/or acquired certain personal information from one or more County agency servers. The County promptly hired multiple cybersecurity firms to conduct an examination to protect employees and residents as well as restore online services.
The County will notify any affected individuals as required by law, and all of those affected individuals will be offered free identity theft protection services. However, because the assessment is ongoing, Suffolk County wants to ensure that employees, residents and stakeholders are informed about precautionary measures they can take to help them protect themselves from becoming victims of fraud or identity theft.
Also Check: Morgan Stanley Tax Documents 2021
Did You Know You Can Add An Individual Online Services Account To Your Existing Nygov Account
If you created a NY.gov account for yourself at another New York State agency website , you can create an Individual Online Services account with the Tax Department using the same login information.
Simply log in to your existing NY.gov account and follow the prompts to verify your tax information.
To create a Tax Professional Online Services account, you must be an owner or officer of the firm, and act as the Administrator for the account. In addition, you must have one of the following:
- an Electronic Filer Identification Number with Electronic Return Originator status issued by the IRS,
- a New York State attorney registration number issued by the New York State Unified Court System, or
- a New York State certified public accountant license number issued by the New York State Education Department.
Create a Tax Professional Online Services account to act or obtain information on behalf of your clients. Your clients can authorize you to act on their behalf with E-ZRep Form TR-2000 or through their own Online Services account. You can use a Tax Professional account to:
- view filing and payment history for your clients,
- Web File and pay certain taxes for your clients,
- receive copies of bills and notices your clients receive from the Tax Department,
- pay bills and respond to notices for your clients,
- add your employees to the account with different levels of access.
Place A Fraud Alert On Your Credit Files
If you are interested in protection against the possibility of identity theft, we recommend that you place a fraud alert on your credit files. A fraud alert conveys a special message to anyone requesting your credit report that you suspect that you may be a victim of fraud. When you or someone else attempts to open a credit account in your name, the lender should take measures to verify that you have authorized the request. A fraud alert should not stop you from using your existing credit cards or other accounts, but it may slow down your ability to get new credit. An initial fraud alert is valid for ninety days. To place a fraud alert on your credit reports, contact one of the three major credit reporting agencies at the appropriate number listed below or via their website. One agency will notify the other two on your behalf. You will then receive letters from the agencies with instructions on how to obtain a free copy of your credit report from each.
- TransUnion or www.transunion.com
Recommended Reading: Roth Vs Pre Tax 401k
Solving Elearning Launch Issues Yourself
If you experience difficulty when launching eLearning in SLMS, these hints you can apply yourself can get you going again:
- Clear your browser cache, also referred to as your internet browsing data. For Internet Explorer , select Tools > Internet Options. In the General tab under Browsing History click Delete. Make sure you have unchecked the first and seventh boxes “Preserve Favorites website data” and “Passwords.” All other boxes should be checked. Click Delete.
- Deactivate your pop-up blocker. In IE, select Tools > Internet Options. On the Privacy tab, under Pop-Up Blocker, clear the Turn on Pop-Up Blocker check box. Then select OK. You can activate it again once your training is complete.
- Check your “trusted sites” in your browser. They should include: *.ny.gov, *.nyslearn.ny.gov, and *.ws04.nyenet.state.ny.us. If you need assistance with adding these trusted sites, please contact the ITS Service Desk at .
- If you can, try using a different browser if youre having trouble with IE, try using Firefox or Google Chrome instead.
Place A Security Freeze On Your Credit Reports
New York residents can also consider placing a Security Freeze on their credit reports. A Security Freeze prevents most potential creditors from viewing your credit reports and therefore, further restricts the opening of unauthorized accounts. For more information on placing a security freeze on your credit reports, please go to the New York Department of State Division of Consumer Protection website at .
Don’t Miss: How To File Taxes Without W2 Or Paystub
Learn About Paying With Web File
You can pay directly from your bank account when you Web File your sales tax return, or make payments in advance of filing. Both options conveniently save your bank account information for future use.
If you pay when you Web File, you can still schedule the payment in advanceas long as you’re filing before the due date.
To help you remit the correct amount, organize your sales data with our Sales Tax Web File worksheets.
Review Your Accounts And Credit Reports
You should regularly review statements from your accounts and periodically obtain your credit report from one or more of the national credit reporting companies. When you receive your credit report, look it over with care. If you notice anything suspicious â accounts you did not open, inquiries from creditors that you did not initiate, personal information such as a home address or Social Security number that is not accurate â or you see anything you do not understand, call the credit reporting agency at the number listed in the report. If you find fraudulent or suspicious activity in your credit reports, you should promptly report the matter to the proper law enforcement authorities.
Follow the steps recommended below for reporting fraudulent or suspicious activity.
Recommended Reading: What Does It Mean To Write Off Taxes
Saratoga Springs Johnstown Among Top Cities In State In Sales Tax Growth
Exterior view of Saratoga Springs City Hall in Saratoga Springs on Tuesday, October 20, 2020.
Saratoga Springs and Johnstown ranked among the top cities in the state for rising sales tax collections in the third quarter of 2022, according to a new report from New York State Comptroller Thomas DiNapoli.
The comptroller announced that local government sales tax collections grew by 10.2% in the third quarter of 2022 compared to the same period in 2021, in large part due to double digit growth in New York City.
Of the 18 cities in New York that collect their own sales tax outside the five boroughs, Saratoga Springs ranked second with a 24.3 % increase in sales tax revenue between July and September, with the City of Johnstown in third at 12.1%.
Saratoga Springs Mayor Ron Kim attributed the tax sales boost to the summer season at Saratoga Race Course and the citys surrounding tourist attractions.
I think its because weve had a very good track season and tourism season, he said. As weve come out of the pandemic, people want to visit Saratoga Springs. So that brings in tourist dollars and weve seen that in the tax revenue.
Kim said that hes hoping that fourth quarter sales tax projections will be similarly positive for Saratoga Springs.
We are seeing people coming into the city to visit even after the track season, Kim said. Its become more of a year-round destination. The fall has been very, very good for us. So were optimistic.
Cant Locate Your New York Payroll Account Numbers
To locate your New York Employer Registration Number:
Find this on any previously filed quarterly tax return .
To locate your New York Employer Withholding Identification Number:
Find this on any previously filed quarterly tax return .
Locate any of your previously filed federal tax returns .
Learn how to locate or obtain an EIN.
Don’t Miss: Small Business Income Tax Calculator
Dont Have Your New York Payroll Account Numbers
To hire employees in New York, you must first register your business online. Online registration registers your business with both the New York Department of Labor and the New York Department of Taxation and Finance.
Upon completing registration, you will receive your eight-digit New York Employer Registration Number. Enter this number in the New York Employer Registration Number field.
If you only have seven of your full eight-digit Employer Registration Number, you can confirm the eighth digit by logging into your DOL Employer Home Page. From here, type in your FEIN and the seven digits of your Employer Registration Number you currently have and it will show you your full eight digit account number.
Your New York Withholding Identification Number will match your nine digit Federal Employment Identification Number . This information will auto-populate in the New York Withholding Identification Number field when you enter your EIN. If your business was assigned a branch code by the New York Department of Taxation and Finance, enter it in the second field. Otherwise, enter 00.
Note: Your New York Withholding Identification Number is only valid if you have registered with the New York Department of Labor and the New York Department of Taxation and Finance.
Add Your New York Ui Tax Rate To Square Payroll
You must provide your UI Tax Rate when signing up for Square Payroll so we can accurately withhold this tax. This is the total of your normal and subsidiary tax rates. Square Payroll will automatically apply the Re-Employment Service Fund based on the rate assigned by the New York Department of Labor for all employers. To locate your UI Tax Rate:
If you are a new employer, you will receive your UI Tax Rate after you complete the online registration with the Department of Labor and the Department of Taxation and Finance.
If you are a registered employer switching to Square Payroll, look up your rate online.
Find your rate on the Notice of Unemployment Tax Rate mailed by the Department of Labor each March. The UI Tax Rate is the sum of the normal and subsidiary tax rates.
Although Square Payroll will assist in verifying your tax rates each quarter, given that you have provided a valid New York Employer Registration Number, you are responsible for ensuring that these rates are accurately reflected under Tax Info on your Square Dashboard.
You May Like: Bexar County Tax Assessor Collector San Antonio Tx
Explore Our Financial Education Program
The Financial Education Program is a series of short modules and videos designed to take you through the benefits available to you and the responsibilities you have as a New York State taxpayer. You can start anywhere in the series or review all the modules. This is for youlet us know what you think!
Critical For Speedy Handling No Forwards Replies Ccs Or Shared Mailboxes
For the speediest replies from the SLMS Help Desk, it is essential that all customers remember to skip replies, forwards, ccs, and sending emails from shared mailboxes when contacting the SLMS Help Desk.
To enable representatives to respond to issues as quickly as possible, all emails to the SLMS Help Desk must be “clean messages” from one-person to the desk there cant be any replies, forwards , or carbon copies . In addition, emails cannot be sent to the SLMS Help Desk from a shared mailbox. Messages that dont adhere to these guidelines are “set aside” for manual processing, which could slow the response time by as long as five business days.
If customers want to share an issue, once they receive a reply from the “IT Service Desk” with a call ticket number, they can forward that message to others.
As always, the SLMS Help Desk is available to provide support Monday through Friday, from 7:30 a.m. until 5:00 p.m., and may be reached by calling 518-473-8087 or by emailing .
Read Also: How To File An Extension Taxes