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The NYC 1127 form is essential for nonresident employees who began their employment with the City of New York on or after January 4, 1973. This form serves as a crucial tax filing mechanism, allowing these employees to fulfill their tax obligations under Section 1127 of the New York City Charter. One critical aspect of the NYC 1127 form is the requirement to report any payment owed to the city, calculated based on the difference between the city’s personal income tax responsibility for residents and what is reported on the employee's New York State tax return. The form also includes sections for entering personal information, employee and spouse social security numbers, filing status, and applicable credits. Additionally, it provides a calculation of tax liabilities and any potential refunds. Ensuring accurate completion of this form is vital, as errors can lead to penalties or delayed refunds. With deadlines and specific mailing instructions outlined, the NYC 1127 form plays a significant role in maintaining compliance with city tax regulations while addressing the unique situations faced by nonresident employees.

Nyc 1127 Example

-1127

RURNRNNRDY

HCYNYRK

 

 

2020

HR NRAANUARY

 

 

 

 

 

 

 

 

 

nn

PRINT OR TYPE ▼

‑chcpecicondioncodeifppicbe(

 

eincon

 

 

 

 

 

*80012091*

First names and initials of employee and spouse:

Last name:

 

 

 

 

 

 

 

 

 

 

 

 

Home address (number and street):

Apt. no.:

 

Address

n

 

 

 

 

 

 

 

Change

 

 

 

 

 

 

 

 

 

City and State:

 

 

Zip Code:

 

Country (if not US)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NYC Department or

 

Employee ▼

 

Spouse

▼

 

 

Agency where employed:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Daytime telephone number:

Name

n AMENDED RETURN

Change n

TAXPAYER’S EMAILADDRESS

EMPLOYEE'S SOCIAL SECURITY NUMBER

SPOUSE’S SOCIAL SECURITY NUMBER

1 - FILING STATUS

A. n MARRIED FILING JOINTLY

No If you file a joint Federal tax return but elect to

B. n HEAD OF

C. n SINGLE OR MARRIED

OR SURVIVING SPOUSE

exclude a spouse’s income, see the special computation

HOUSEHOLD

FILING SEPARATELY

 

Schedule A on the back of this form and use Filing Status C.

 

 

A. NUMBER OF MONTHS EMPLOYED IN 2020

EMPLOYEE: ___________________

SPOUSE: ___________________

B. DATE RETIRED FROM NYC SERVICE

EMPLOYEE: ______ ______ ______

SPOUSE: ______ ______ ______

C. n CHECK BOX IF YOU AND YOUR SPOUSE ARE BOTH SUBJECT TO SECTION 1127.

 

A.yen

......................................................................Amount being paid electronically with this return

A.

 

 

Payment Amount

2 - 1127 LIABILITY CALCULATION

All the information you will need to complete this 1127 form comes directly from your NYS Income Tax Return. For your convenience, we have listed where on your State tax return you can find this information depending on whether you filed a NYS Resident Income Tax Return (NYS IT-201) or a NYS Non-Resident and Part-Year Resident Income Tax Return (NYS IT-203).

 

ine

Wheedogeeon

Aon

 

 

 

 

 

 

1

NYS Taxable Income.

◆ NYS IT-201, line 37

No If you file a joint Federal tax return

 

 

 

See instructions.

◆ NYS IT-203, line 36

but elect to exclude a spouse’s income, see

 

 

 

the special computation Schedule A on the

 

 

 

 

 

back of this form and use Filing Status C.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

Section 1127 liability plus Other New York

◆ Page 2 liability rate schedules

 

 

City Taxes, if any. See instructions.

◆ NYS IT-201, line 51

 

 

 

 

 

 

 

 

 

3

New York City School tax and other credits

◆ See Page 2, Schedule B and Instructions

 

 

 

 

 

 

 

4

New York City 1127 amount withheld

◆ Form 1127.2

 

 

 

 

 

 

 

 

 

5

Balance Due

◆ If line 2 is greater than the sum of lines 3 and 4,

 

 

 

enter balance due

 

 

 

 

 

 

 

 

 

6

Refund

◆ If line 2 is less than the sum of lines 3 and 4, enter refund

 

 

 

amount (not to exceed the amount on line 4). (See instr.)

 

 

 

 

 

 

 

3 - CERTIFICATION

I hereby certify that this return, including any accompanying rider, is, to the best of my knowledge and belief, true, correct and complete.

I authorize the Department of Finance to discuss this return with the preparer listed below. (see instructions) ...................................YES n

N

_________________________________________________________

__________________________

H

 

YOUR SIGNATURE

DATE

 

NY

AR

U

_________________________________________ _____________________

________________ __________________________________

SIGNATURE OF PREPARER OTHER THAN TAXPAYER

EIN OR SSN OR PTIN

DATE

PREPARER’S EMAIL ADDRESS

 

_________________________________________________

_____________________________________________________________

PREPARER’S PRINTED NAME

 

ADDRESS

 

CITY

STATE

ZIP CODE

AACHACCYURNYRKANCAXRURN

NCUDNAHU

●AYBDNUDARDRAWNNAUBANK

 

 

 

ARURNRUNDRURN

NYC DEPARTMENT OF FINANCE

SECTION 1127

P.O. BOX 5564

BINGHAMTON, NY 13902-5564

RANC

AYNNWHRNYCVA NYCVVC

R

iyenndoNYCVNY

NYC DEPARTMENT OF FINANCE

P.O. BOX 3933

NEW YORK, NY 10008-3933

RURNCANRUND

NYC DEPARTMENT OF FINANCE

SECTION 1127

P.O. BOX 5563

BINGHAMTON, NY 13902-5563

NYC-1127 2020

NYC-1127 - 2020

 

 

 

 

 

 

 

 

Page 2

SCHEDULE A

hedefoiediingoinyfopoend

 

 

pyfopoe(oeinoNYCyog

 

 

encyep oyee

 

 

ine

 

 

 

 

 

 

 

Aon

 

 

 

 

 

 

 

1

NYS Adjusted Gross Income

◆ NYS IT-201, line 33; NYS IT-203, line 32.

 

 

 

 

 

 

 

 

 

2

Non NYC Employee Income

◆ Enter all income, additions and subtractions attributable to the non NYC employee

 

 

 

 

 

 

 

 

 

3

Net NYS Gross Income

◆ Line 1 less Line 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

Compute limitation percentage

Line 3:

$

 

 

eepoyeepo

 

 

 

 

 

ndddedconnddependen

 

 

 

 

 

 

______

 

 

 

 

 

 

 

 

Line 1:

$

= _________ %

exepononbedonn

 

 

 

 

 

 

 

 

beofonepoyedbyNYC

 

 

 

 

 

 

 

 

 

 

5

Check only one box:

n Standard Deduction: $8,000.

 

 

 

 

 

 

R

 

 

 

 

 

 

 

 

 

 

n Itemized deduction: $__________________ X _________ %

=

 

 

 

 

 

(See instructions)

 

amount from IT 201, line 34 % from line 4

 

 

 

 

 

 

 

 

 

amount from IT 203, line 33

 

 

 

6New York Dependent Exemption from

NYS return. No exemption is allowed ◆ NYS IT-201, line 36; NYS IT-203, line 35. for employee or spouse. (If married

filing separately for Section 1127 purposes, apply the limitation percentage from line 4).

7. Total Deductions and Exemptions

◆ Line 5 + line 6

8.Allocated New York State

 

Taxable Income

 

◆ Line 3 less line 7.

Enter on Page 1, line 1.

 

 

 

 

 

 

 

SCHEDULE B

Nonefndbecedi

 

 

 

 

 

 

 

 

 

 

ine

 

 

Wheedogeeon

Aon

 

 

 

 

 

A1.

NYC School Tax Credit (fixed amount)

◆ See Instructions.

*See below.

 

 

 

 

 

 

A2.

NYC School Tax Credit (rate reduction amount)

◆ See Instructions

 

 

 

 

 

 

 

 

B.

UBT Paid Credit

 

◆ See Instructions

 

 

 

 

 

 

C.

NYC household credit

◆ from IT-201 Instructions NYC table 4, 5 or 6

 

 

 

 

 

D.

NYC Claim of Right Credit

◆ from Form IT-201-ATT, line 16 or IT-203-ATT, line 15 (attach Form IT-257)

 

 

 

 

 

 

E.

NYC Earned Income Credit

◆ (attach IT-215)

 

 

 

 

 

 

 

 

F.

Other NYC taxes

 

◆ See Instructions

 

 

 

 

 

 

G.

NYC Child and Dependent Care Credit

◆ See Instructions (attach IT-216)

 

 

 

 

 

H.

Total of lines A1 - G

◆ enter on page 1, line 3

 

 

 

 

 

 

 

*Enter income used to calculate eligibility for credit on Line A1: ____________________________

*80022091*

NEW YORK CITY 1127 LIABILITY RATES

beAiedfiingjoinyovivingpoe

If Form NYC-1127, line 1 is:

VBUNV

$

0

$

21,600

$

21,600

$

45,000

$

45,000

$

90,000

$90,000

beBHedofhoehod

If Form NYC-1127, line 1 is:

VBUNV

$

0

$

14,400

$

14,400

$

30,000

$

30,000

$

60,000

$60,000

beCngeoiedfiingepy

If Form NYC-1127, line 1 is:

VBUNV

$

0

$

12,000

$

12,000

$

25,000

$

25,000

$

50,000

$50,000

HABY

 

 

 

3.078%

of Form 1127, line 1

 

 

$

665

plus

3.762%

of the excess over

$

21,600

$

1,545

plus

3.819%

of the excess over

$

45,000

$

3,264

plus

3.876%

of the excess over

$

90,000

 

 

 

HABY

 

 

 

 

 

 

3.078%

of Form 1127, line 1

 

 

$

443

plus

3.762%

of the excess over

$

14,400

$

1,030

plus

3.819%

of the excess over

$

30,000

$

2,176

plus

3.876%

of the excess over

$

60,000

 

 

 

HABY

 

 

 

 

 

 

3.078%

of Form 1127, line 1

 

 

$

369

plus

3.762%

of the excess over

$

12,000

$

858

plus

3.819%

of the excess over

$

25,000

$

1,813

plus

3.876%

of the excess over

$

50,000

NYRKCYDARNANC

 

Instructions for Form NYC-1127

 

ReturnforNonresidentEmployeesof theCityof NewYorkhiredonorafterJanuary 4,1973

2020

IMPORTANT INFORMATION CONCERNING FORM NYC-200V AND PAYMENT DUE

Payments may be made on the NYC Department of Finance website at nycgoveevice , or via check or money order. If paying with check or money order, do not include these payments with your NewYork City return. Checks and money orders must be accompanied by payment voucher form NYC-200Vand sent to the address on the voucher. Form NYC-200Vmust be postmarked by the return due date to avoid late payment penalties and interest. See form NYC-200V for more information.

GENERALINFORMATION

LEGISLATIVE HIGHLIGHT

For tax years beginning before January 1, 2022, the 2020-2021 New York State budget (Part WWW of Chapter 58 of the Laws of 2020) decoupled personal income tax from any amendments made to the Internal Revenue Code (IRC) after March 1, 2020. This includes changes made by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and any other federal changes to the IRC. Therefore, any amendments made to the IRC after March 1, 2020, will not apply to New York State or New York City personal income tax.

WHO MUST FILE

If you became an employee of the City of NewYork on or after January 4, 1973, and if, while so employed, you were a nonresident of the City during any part of 2020, you are subject to Section 1127 of the New York City Charter and must file Form NYC-1127.

If you are subject to that law, you are required to pay to the City an amount by which a City personal income tax on resi- dents, computed and determined as if you were a resident of the City, exceeds the amount of any City tax liability computed andreportedbyyouontheCityportionof your 2020 NewYork State tax return.

NOTE:The payment required by Section 1127 of the NewYork City Charter is not a payment of any City tax, but is a pay- ment made to the City as a condition of employment. If you are subject to the fil- ing requirements of the City Resident Income Tax during any part of 2020, you must file tax returns with the New York

StateDepartmentofTaxationandFinance in the manner and at the time provided in the instructions for the State tax forms, regardless of any obligation you may have under Section 1127 of the Charter.

WHENAND WHERE TO FILE

Completed Forms NYC-1127 with attachments, except forms claiming a refund, must be filed on or before May 15, 2021, with:

NYC Department of Finance

Section 1127

P.O. Box 5564

Binghamton, NY 13902-5564

Remittances - Pay online with Form NYC-200V at nycgoveevice , or Mail payment and Form NYC-200V only to:

NYC Department of Finance

P.O. Box 3933

New York, NY 10008-3933

Forms claiming refunds:

NYC Department of Finance

Section 1127

P.O. Box 5563

Binghamton, NY 13902-5563

If you have been granted an extension of time to file either your federal income tax return or your New York State tax return, Form NYC-1127 must be filed within 15 days after such extended due date. In this case, you must submit to the Section 1127 Unit, no later than May 15, 2021, a copy of the letter or other docu- ment evidencing the granting of the extension.

If you file a State tax return or amended

return and the information reported on your original Form NYC-1127 is changed or corrected as a result of the later filing of the State tax return or amended return, you must file an amend- ed Form NYC-1127 with the New York City Department of Finance, Section 1127 Unit.

CHANGE OFRESIDENCE

If you were a resident of the City of New York during part of 2020 and a nonresi- dent subject to the provisions of Section 1127 of the New York City Charter dur- ing all or part of the remainder of 2020, you must file a Form NYC-1127 for all of the year except any part when you were a nonresident not employed by the City.

PARTIAL-YEAR EMPLOYEES

If you were a New York City employee for only part of 2020, you must report that portion of your federal items of income and deduction which is attributa- ble to your period of employment by the City of New York.

MARRIED EMPLOYEES

Amarried employee whose spouse is not a New York City resident or an employ-

eeof the City should refer to instructions on page 1 of the return.

If you and your spouse are both employ- ees of the City of New York subject to Section 1127 of the New York City Charter

●and you and your spouse file sepa- rate New York State returns, you and your spouse must file separate Forms NYC-1127.

Instructions for Form NYC-1127 - 2020

Page 2

● and you and your spouse file a joint

there are no applicable special condition

the year, enter on line 1 the amount from

New York State return and were

codes for tax year 2020.

Check the

line 47 of Form IT-360.1 calculated as if

both subject to Section 1127 for the

Finance website for updated special con-

the period of employment is the period

same period of time, you and your

dition codes. If applicable, enter the two

of NYC residence.

spouse must file a joint Form NYC-

charactercodeintheboxprovidedonthe

 

1127.

form.

 

LINE 2 - LIABILITYAMOUNT

 

 

 

Employees who are married and include

PreparerAuthorization: Ifyouwantto

In order to complete lines 1 through 6 of

spouse’s income in Form NYC-1127,

allow the Department of Finance to dis-

Form NYC-1127, it will be necessary for

use Liability Table A on page 2 to com-

cuss your return with the paid preparer

you to refer to the instructions for filing

pute the liability amount.

who signed it, you must check the "yes"

Form IT-201 (Resident Income Tax

 

box in the signature area of the return.

Form - State of New York) or Form IT-

Married employees who choose not to

This authorization applies only to the

203 (Nonresident and Part--Year

include their spouse’s income on Form

individual whose signature appears in

Resident Income Tax Form - State of

NYC-1127, use Liability Table C to

the "Preparer's Use Only" section of

NewYork). Booklets IT-201-I or IT-203-

compute the liability amount.

yourreturn. Itdoesnotapplytothefirm,

I, issued by the New York State

 

if any, shown in that section. By check-

Department of Taxation and Finance,

LIABILITYFOR OTHER NEW

ing the "Yes" box, you are authorizing

can be obtained from any District Tax

YORK CITY TAXES

the Department of Finance to call the

Office of the New York State Income

Include on line 2 the sum of your 1127

preparer to answer any questions that

Tax Bureau.

 

liability and the total of your liability for

may arise during the processing of your

 

 

other New York City taxes from New

return. Also,youareauthorizingthepre-

LINE 1 - NEWYORK STATE

York State Form IT-201, line 51.

parer to:

TAXABLE INCOME

 

 

 

If you file NYS Form IT-201, enter the

LINE 3 - NEWYORK CITY

● Give the Department any informa-

amount on line 37. If you

file NYS

SCHOOLTAX CREDITS

tion missing from your return,

Form IT-203, enter the amount on line

Add lines a1 through g on page 2,

 

36. If the amount withheld pursuant to

Schedule B, to report credits and pay-

● Call the Department for information

Section 1127 was included in itemized

ments that would have reduced your

about the processing of your return

deductions when calculating your New

New York City resident income tax lia-

or the status of your refund or pay-

York State Personal IncomeTax liability,

bility had you been a City resident. No

ment(s), and

you must add back that amount to the

amount reported on line 3 is refundable.

 

amount from line 37 of NYS IT-201 or

Refunds of overpayments of tax and

● Respond to certain notices that you

line 36 of NYS IT-203, as applicable, on

refundable credits available to NewYork

have shared with the preparer

this line.

 

State residents and part-year New York

aboutmatherrors,offsets,andreturn

 

 

City residents must be claimed by filing

preparation. The notices will not be

NOTE: If you file a joint Federal tax

forms IT-201 or IT-203.

sent to the preparer.

return but elect to exclude a spouse’s

 

 

income, see the special computation

LINE 4 - PAYMENTS

You are not authorizing the preparer to

Schedule A on the back of this form and

Enter on line 4 the amount withheld by

receive any refund check, bind you to

use Filing Status C.

 

theCityfromyourwagesduring2020for

anything(includinganyadditionalliabil-

 

 

the amount due under Charter Section

ity), or otherwise represent you before

If you contributed to a New York State

1127 as shown on your City Wage and

the Department. The authorization can-

Charitable Gifts Trust Fund, claim a

Withholding Tax Statements for 2020.

not be revoked, however, the authoriza-

New York State itemized deduction for

(Attach a copy of Form NYC-1127.2.)

tion will automatically expire no later

that contribution, and the period of your

 

than the due date (without regard to any

NYC employment encompassed the full

LINE 5 - BALANCE DUE

extensions) for filing next year's return.

year, enter on line 1 the amount that you

After completing this return, enter the

Failure to check the box will be

would have entered on line 47 of Form

amount of your remittance on line A,

deemed a denial of authority.

IT-201 (see the instructions to line 47 of

page 1. Remittances must be made

 

FormIT-201includingtheworksheet).If

payable to the order of: NYC DEPART-

SPECIFIC INSTRUCTIONS

you contributed to a New York State

MENTOFFINANCE

 

Charitable Gifts Trust Fund, claim a

 

Special Condition Codes

New York State itemized deduction for

LINE 6 - OVERPAYMENT

that contribution and the period of your

Ifline2islessthanthesumoflines3and

At the time this form is being published,

NYC employment encompassed part of

4 you may be entitled to a refund. Note:

 

 

 

 

Instructions for Form NYC-1127 - 2020

Page 3

the refund may not exceed the amount

 

A1 - NEWYORK CITYSCHOOL

 

on line 4. To determine your refund

 

TAX CREDIT (fixed amount)

 

amount, compute the difference between

 

ASchoolTaxCreditisallowedfor2020asfollows:

 

the sum of lines 3 and 4, and line 2 (sub-

 

 

 

 

 

 

 

 

 

iing

fyoincoei

 

 

 

Yocedii

 

tractline2fromthesumoflines3and4).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

● Single

 

 

$250,000 or less

$63

 

Your refund amount is the lesser of this

 

 

 

 

 

 

 

 

 

 

● Married filing

 

 

 

 

 

difference and the amount on line 4.

 

separate return

 

Over $250,000

$0

 

 

 

 

 

 

 

 

 

 

● Head of household

 

 

 

 

 

If the amount on line 2 is equal to the

 

● Married filing

 

$250,000 or less

$125

 

 

joint return

 

 

sum of lines 3 and 4, enter 0 on line 6.

 

● Qualifying widow(er)

 

Over $250,000

$0

 

 

 

with dependent child

 

 

Refunds cannot be processed unless a

 

*Income, for purposes of determining your school

 

 

tax credit means your federal adjusted gross

 

complete copy of yourNewYork State

 

income (FAGI) from Form IT-201, line 19a minus

 

return, including all schedules, and

 

distributions from an individual retirement

 

 

account and an individual retirement annuity from

 

wageandtaxstatement (Form1127.2)

 

IT-201, line 9, if they were included in your FAGI.

 

are attached to your form.

 

**The statutory credit amounts have been rounded.

 

 

 

 

 

 

 

 

 

 

See also the instructions to Line 69 of New

 

SPECIALINSTRUCTIONS FOR

 

 

 

York State Form IT-201. Employees who

 

2020 FOR SCHEDULEA, PAGE 2.

 

 

 

were employed by the City for only part of

 

If you contributed to a New York State

 

theyearshoulduseTable2inthoseinstruc-

 

Charitable Gifts Trust Fund, filed a New

 

tionstodeterminetheallowablecredit. See

 

York State return claiming married filing

 

also instructions to the other lines of New

 

jointly status and claiming an itemized

 

York State Form IT-201 referred to above.

 

deduction for that contribution, you must

 

 

 

 

 

 

 

 

recalculate NYS AGI by adding back the

 

A2 - NEWYORK CITYSCHOOL

 

amount of the contribution to the

 

TAX CREDIT (rate reduction

 

Charitable Gifts Trust Fund. Enter the

 

amount)

 

 

 

 

recalculated NYS AGI on line 1. Attach a

 

The New York City tax credit rate reduc-

 

worksheetshowingthecalculations.Ifyou

 

tion amount is calculated as follows:

 

contributedtoaNewYorkStateCharitable

 

 

 

 

 

 

 

 

 

 

CconofNYCchooxcedi

 

 

Gifts Trust Fund, claim a New York State

 

 

 

 

 

(edcononfoiedfiingjoiny

 

 

 

 

 

 

itemized deduction for that contribution

 

 

ndqifyingido(e

 

 

 

 

 

 

 

 

 

 

and the period of your NYC employment

 

fcixbeincoei

 

hecedii

 

 

encompassed part of the year, the amount

 

ove

bnoove

 

 

 

 

online1ofScheduleAshouldbecalculat-

 

$0

$21,600

 

 

.171% of taxable income*

 

ed as if the period of employment is the

 

$21,600

$500,000

 

 

$37 plus .228% of the

 

period of NYC residence.

 

 

 

 

 

excess over $21,600

 

 

 

 

 

 

 

 

 

 

 

 

CconofNYCchooxcedi

 

 

SCHEDULEA, PAGE 2 - LINE 5

 

(edcononfoingendied

 

 

 

 

fiingepy

 

 

If the amount withheld pursuant to

 

 

 

 

 

 

 

 

fcixbeincoei

 

hecedii

 

 

Section 1127 was included in the item-

 

ove

bnoove

 

 

 

 

ized deductions when calculating your

 

$0

$12,000

 

 

.171% of taxable income*

 

New York State Personal Income Tax

 

 

 

 

 

 

 

 

 

$12,000

$500,000

 

 

$21 plus .228% of

 

liability, you must reduce the amount of

 

 

 

 

 

the excess over $12,000

 

your itemized deductions for purposes of

 

 

 

 

 

 

 

 

 

CconofNYCchooxcedi

 

 

this line by that amount.

 

 

(edconon

 

 

 

 

fohedofhoehod

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULE B, PAGE 2

 

fcixbeincoei

 

hecedii

 

 

 

ove

bnoove

 

 

 

 

 

 

 

 

 

 

On Schedule B, report items for employ-

 

 

 

 

 

 

 

 

 

$0

$14,400

 

 

.171% of taxable income*

 

ee and spouse if filing a joint Form

 

 

 

 

 

 

 

 

 

 

 

 

 

$14,400

$500,000

 

$25 plus .228% of

 

NYC-1127. Married employees who

 

 

 

choose not to include their spouse’s

 

 

 

 

 

the excess over $14,400

 

 

 

 

 

 

 

 

 

income in Form NYC-1127, report items

 

*If the period of your NYC employment encompassed the

 

for employee only.

 

full year, use the amount entered on page 1, line 1. If it

 

 

encompassed part of the year, use the amount from line

 

 

 

47 of Form IT-360.1 calculated as if the period of employ-

 

 

 

ment is the period of NYC residence.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B - UBT PAID CREDIT

If you were a partner in a partnership doing business in the City, you may be entitled to a credit for a portion of the City Unincorporated Business Tax paid by that partnership. See Form IT-219 and the instructions to that form. Enter the amount of credit to which you would be entitled as a City resident from Form IT-219.

F- OTHER CITYTAXES

Part-year City residents should enter on line F the amount actually reported on your New York State tax return, (net of any credits listed in A1, A2, B, C, D, E and G actually taken on the IT-201 or IT-

203)if any, as City tax (Form IT-201, lines 50 and 51 or Form IT-203, line 51). Part-year employees should include on line F that portion of the City tax report- ed on the NewYork State return attribut- able to the period covered by this return. Attach a complete copy of your New York State tax return, including sched- ules.

G - NYC CHILDAND DEPENDENT CARE CREDIT

Refer to New York State Form IT-216 to determine if you qualify for this credit. Attach Form IT-216 to this form.

MAILING INSTRUCTIONS

In order for your form to be processed, you must attach the following to Form NYC-1127:

◆Complete copy of New York State Income Tax Return, including all schedules

◆Wage and withholding statement (Form 1127.2)

◆Agency verification, if claiming line of duty injury deduction

SIGNATURE

You must sign and date your return at the bottom of page 1. If you file jointly on Form NYC-1127, the form must be signed by both spouses. Your return

and/orrefundcannotbeprocessedifit is not signed.

Instructions for Form NYC-1127 - 2020

Page 4

If you have a tax-related question or problem, call 311. If calling from out- side of the five NYC boroughs, please call 212-NEW-YORK (212-639-9675).

ACCESSING NYC TAX FORMS

By Computer - Download forms from the Finance website at nyc.gov/finance

ByPhone-Orderformsbycalling311. If calling from outside of the five NYC bor- oughs,pleasecall212-NEW-YORK(212- 639-9675).

PRIVACYACT NOTIFICATION

The Federal Privacy Act of 1974, as amended, requires agencies requesting Social Security Numbers to inform individuals from whom they seek this information as to whether com- pliance with the request is voluntary or manda- tory,whytherequestisbeingmadeandhowthe information will be used. The disclosure of Social Security Numbers for taxpayers is mandatory and is required by section 11-102.1 of the Administrative Code of the City of New York. Such numbers disclosed on any report or return are requested for tax administration pur- poses and will be used to facilitate the process- ing of tax returns and to establish and maintain a uniform system for identifying taxpayers who are or may be subject to taxes administered and collected by the Department of Finance, and, as may be required by law, or when the taxpayer gives written authorization to the Department of Finance for another department, person, agency or entity to have access (limited or oth- erwise) to the information contained in his or her return.

Get Nyc 1127 PDF Form

Form Characteristics

Fact Name Detail
Governing Law The NYC 1127 form is governed by Section 1127 of the New York City Charter, which applies to nonresident employees hired on or after January 4, 1973.
Filing Requirement If you were a nonresident employee of New York City during any part of 2020, you must file this form if eligible under Section 1127.
Filing Deadline Forms must be filed by May 15, 2021, excluding forms claiming a refund, which have different submission guidelines.
Payment Information Payments can be made electronically on the NYC Department of Finance website or via a check/money order along with Form NYC-200V.
Information Source All required information to complete the NYC 1127 comes directly from your NYS Income Tax Return, specifically the NYS IT-201 or IT-203 forms.
Filing Status Options The form accommodates various filing statuses, including Married Filing Jointly, Married Filing Separately, Single, or Head of Household.
Certification Requirement Taxpayers must certify that the information on the form is true and complete, with both spouses required to sign if filing jointly.
Refund Eligibility If your calculated liability is less than total credits and payments, you may be entitled to a refund, which cannot exceed the amount withheld.
Additional Submissions To process your return, you must attach a complete copy of your New York State Income Tax Return and any relevant schedules or forms.

Guidelines on Utilizing Nyc 1127

After gathering the necessary information from your New York State tax returns and relevant documents, you're ready to fill out Form NYC-1127. Following these clear steps will help ensure that the form is completed accurately.

  1. Start by entering your first names and initials along with your last name.
  2. Fill in the home address, including the number and street, apartment number, city, state, and zip code.
  3. Provide your daytime telephone number and your email address.
  4. Input your Employee's Social Security Number and the Spouse’s Social Security Number.
  5. Choose your filing status by checking either A, B, or C.
  6. For section 1127 liability calculation, refer to your NYS Income Tax Return and fill in line items as needed, pulling the relevant numbers from your tax return.
  7. Complete the certification section by signing and dating the form at the designated area.
  8. If a preparer assisted you, have them provide their information and signature at the bottom of the form.
  9. Before mailing, ensure you attach your complete New York State Income Tax Return, along with the Wage and Withholding Statement (Form 1127.2).
  10. Send the completed form to the NYC Department of Finance at the appropriate address based on your situation.

What You Should Know About This Form

What is the NYC 1127 form?

The NYC 1127 form is a tax return specifically for nonresident employees of New York City who were hired on or after January 4, 1973. If you were a nonresident and employed by the City during any part of the year, this form is required to calculate your New York City personal income tax liability. It helps determine the difference between what you owe as a nonresident and what you would owe as a resident.

Who needs to file the NYC 1127 form?

If you became an employee of New York City on or after January 4, 1973, and were a nonresident of the City during part of 2020, you must file the NYC 1127. This form ensures you meet your tax obligations based on your employment with the City, even if you do not reside there.

When is the NYC 1127 form due?

The completed NYC 1127 form must be filed by May 15, 2021. If you were granted an extension for your federal or New York State tax returns, your NYC 1127 must be submitted within 15 days following the extended due date. Make sure it is postmarked by the due date to avoid any penalties.

How can I file the NYC 1127 form?

You can file the NYC 1127 form by mailing it to the NYC Department of Finance or by filing online. Many prefer the online method for speed and convenience. If mailing, make sure to send it to the appropriate address provided in the form instructions. Attach all required documents for processing, including your New York State tax returns.

What do I include with the NYC 1127 form?

To complete the form correctly, you must include a complete copy of your New York State Income Tax Return, including all schedules. Additionally, provide your wage and withholding statement (Form 1127.2) and any necessary agency verification if you plan to claim a line-of-duty injury deduction.

Can I receive a refund with the NYC 1127 form?

Yes, if your tax liability calculated on the NYC 1127 form is less than the total amount of New York City taxes withheld from your earnings, you may be entitled to a refund. To receive your refund, ensure that you fill out the refund section correctly and attach all required documents.

What is the liability calculation for the NYC 1127 form?

The liability calculation on the NYC 1127 form is based on your New York State taxable income, which you can find on your NYS tax return. The form includes detailed instructions on how to compute your tax liability and any applicable credits. Carefully follow each step to ensure accurate reporting.

What happens if my information changes after filing?

If you file an amended New York State tax return after submitting your NYC 1127 form, you must file an amended NYC 1127 form as well. This ensures that all your information is accurate and reflects any changes made to your state returns. Filing an amendment within the required timeframes helps avoid confusion and potential penalties.

Where do I mail the NYC 1127 form?

Depending on the nature of your filing, you must mail your NYC 1127 form to specific addresses. For general submissions, send it to the NYC Department of Finance, Section 1127, P.O. Box 5564, Binghamton, NY 13902-5564. If claiming a refund, you would mail it to a different address outlined in the instructions. Always check that you’re using the right address for your specific situation.

Common mistakes

Completing the NYC 1127 form can be a complex process, and many individuals make mistakes that could delay their tax returns or create unnecessary issues. One common mistake involves not entering correct personal information. For example, failing to accurately fill in the first names, initials, or last name can create complications. Additionally, errors in the home address may result in the form being sent to the wrong location, potentially causing missed communications.

Another mistake to avoid is not referencing the correct lines from the New York State tax return. Section 1127 requires information that must match the data on your NYS Income Tax Return. People often overlook the importance of double-checking figures to ensure consistency, particularly when filling out lines related to NYS Taxable Income or credits. Inaccurate figures will lead to complications during processing.

Many filers neglect to sign and date the return. The NYC Department of Finance cannot process a return if it is not signed, whether it’s being filed jointly or separately. Failure to sign the form often leads to delays or even rejections. Both spouses must sign when filing jointly, which is a detail that shouldn’t be overlooked.

Lastly, a frequent error relates to the attachment of necessary documents. Filers sometimes forget to include a complete copy of their New York State tax return or the wage and withholding statement (Form 1127.2). The absence of required documents can lead to a significant delay in the processing of the tax return. Ensuring all required paperwork is attached helps to avoid unnecessary back-and-forth communications with the tax department.

Documents used along the form

The NYC 1127 form is a specific tax document that nonresident employees of the City of New York must complete under certain circumstances. It is often used in conjunction with several other forms and documents to ensure that individuals adhere to the city’s taxation requirements effectively. Below is a list of related forms and documents that may accompany the NYC 1127 form.

  • New York State Income Tax Return (NYS IT-201 or IT-203): This is the central tax form for reporting income and calculating tax liability for residents (IT-201) and non-residents or part-year residents (IT-203) of New York State. Information from this return is essential for completing the NYC 1127 form.
  • NYC Wage and Withholding Statement (Form 1127.2): This form provides a detailed record of wages earned and taxes withheld for the year. It is crucial for accurately reporting the amounts associated with the section 1127 liability.
  • New York State Charitable Gifts Trust Fund Deduction Worksheet: If a taxpayer has contributed to this fund, they must calculate the implications on their New York State adjusted gross income. This worksheet helps ensure proper reporting of deductions.
  • Form NYC-200V (Payment Voucher): This document is used to accompany electronic or mailed payments made to the NYC Department of Finance. It ensures that payments are processed correctly and on time, avoiding penalties.
  • Form IT-215 (Earned Income Credit): This form helps determine eligibility for earned income credits, supporting tax relief for qualifying individuals. It may be necessary for claimants of earned income credits related to their NYC tax obligations.
  • Agency Verification Documentation: Individuals claiming a line-of-duty injury deduction must provide proof from their agency. This documentation supports the legitimacy of the requested deduction on their tax return.
  • New York City School Tax Credit Application: For those who qualify, this form allows applicants to apply for credits that may reduce their overall city tax liability. It is sometimes filed alongside the NYC 1127 when applicable credits are sought.

In conclusion, the NYC 1127 form interacts with a variety of other forms and documentation. Each of these documents plays a role in ensuring that tax obligations are accurately reported and fulfilled, reflecting an individual’s compliance with New York City's tax laws. Properly completing all associated forms is essential for avoiding potential issues and penalties with the Department of Finance.

Similar forms

  • IRS Form 1040: Both forms require personal information and details regarding filing status. The 1040 is the standard federal income tax return used by U.S. taxpayers, similar to how NYC-1127 is utilized by non-resident employees for NYC tax calculations.
  • New York State IT-201: This form is for New York State residents filing their income tax returns. NYC-1127 draws information from the IT-201, specifically for liability calculations, making them interconnected.
  • New York State IT-203: This form is for non-residents and part-year residents of New York. It similarly outlines income and tax obligations, directing how information is applied in the NYC-1127 for those non-resident employees.
  • Form NYC-200V: This payment voucher is used to submit payments for tax obligations. It's essential for remittance with NYC-1127 to ensure compliance and payment of balances due.
  • NYS IT-215: This form claims the Earned Income Credit, relevant for many taxpayers. It parallels NYC-1127 where credits and deductions can significantly affect the final tax amounts.
  • Form IT-216: This form is used to claim the Child and Dependent Care Credit at the state level. Similar to NYC-1127, it deals with credits that could potentially offset tax liabilities, reflecting specific deductions applicable for non-residents as well.

Dos and Don'ts

  • Do ensure all sections are completed accurately, including your and your spouse’s names, addresses, and Social Security numbers.
  • Do double-check any relevant lines with your New York State Income Tax Return. This helps confirm accuracy.
  • Do file your NYC-1127 form by the deadline to avoid any late fees or penalties.
  • Do sign your return to validate its authenticity. Unsigned forms will not be processed.
  • Don't leave any mandatory fields blank. Incomplete forms can lead to processing delays.
  • Don't combine your NYC-1127 payment with your regular New York City tax return. They must be submitted separately.
  • Don't ignore instructions on supporting documents. Ensure you include all required attachments, such as Form IT-201 or IT-203.
  • Don't assume your tax situation is the same as last year. Review your situation carefully, as it may differ.

Misconceptions

  • Misconception 1: The NYC 1127 form is only for full-time residents of New York City.

    • This form is actually designed for non-resident employees of New York City who were employed by the city during part of the tax year. If you worked for the City of New York but lived elsewhere, this form may apply to you, requiring you to calculate tax liabilities based on being treated as a city resident for tax purposes.

  • Misconception 2: Filing the NYC 1127 form is optional if you have already filed your state taxes.

    • It is essential to file the NYC 1127 if you meet the requirements set by the New York City Charter. Failure to file can result in penalties, as this form is specifically meant to calculate the additional amount due based on your employment with the city. It is a necessary step to ensure compliance with city tax laws.

  • Misconception 3: All non-resident city employees owe the same tax amount.

    • Tax liability can vary significantly based on your income level, the specific deductions you qualify for, and your filing status. The form utilizes a tiered tax rate system, meaning that the amount owed changes as your income changes. Understanding your unique situation is key to accurately calculating your tax responsibility.

  • Misconception 4: Only married couples can use the NYC 1127 for filing jointly.

    • While married employees can file jointly, single individuals also have the right to file using the NYC 1127 form. The form accommodates various filing statuses, including single or head of household, ensuring that different taxpayers can accurately report their situation and liabilities.

  • Misconception 5: Submitting the form electronically eliminates the need for a physical signature.

    • Regardless of whether you file electronically or by mail, it is still crucial to provide a signature. The NYC 1127 form requires the taxpayer's signature to validate the submission. Omitting this step can delay processing and potentially lead to issues with your tax return.

Key takeaways

Here are some essential points to know about filling out and using the NYC 1127 form:

  • The NYC 1127 form is required for nonresident employees of New York City hired on or after January 4, 1973.
  • This form is used to calculate the additional city taxes owed based on how your income would have been taxed if you were a city resident.
  • Make sure to provide accurate information including your and your spouse's names, social security numbers, and employment details.
  • Refer to your New York State tax return to find relevant figures needed for the NYC 1127 calculations.
  • Be aware of the filing deadline; typically, the completed form must be submitted by May 15 of the following year.
  • If you are married, you may have to file jointly or separately depending on your circumstances; check the space provided for indication.
  • Attachments are essential while submitting your form; include a complete copy of your New York State tax return and wage statements.
  • Ensure you sign and date your form. Without your signature, processing your return or refund will be delayed.

Understanding these takeaways will help you navigate the filing process more smoothly.

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