What is Form IT-204-LL?
Form IT-204-LL is an important document for partnerships, limited liability companies (LLCs), and limited liability partnerships (LLPs) in New York. It is used to report and pay the annual filing fee required by the state. Completing this form helps ensure compliance with state tax laws and avoids penalties. By filing IT-204-LL on time, businesses can maintain good standing and protect their legal status. Understanding and accurately filling out this form is crucial for any entity operating in New York.
What is Form IT-204-LL used for?
Form IT-204-LL is used to report the filing fee for certain business entities in New York. Here’s what it’s used for:
- to pay the filing fee for partnerships.
- to pay the filing fee for limited liability companies.
- to pay the filing fee for limited liability partnerships.
How to fill out Form IT-204-LL?
- 1
Review the form to understand required information.
- 2
Fill in business details including name, address, and type of entity.
- 3
Calculate the filing fee based on your partnership type and income.
- 4
Sign the form with your electronic signature.
- 5
Download the completed form to your device.
- 6
Mail the form to the address listed on the document with payment.
Who is required to fill out Form IT-204-LL?
Groups responsible for completing Form IT-204-LL include LLCs and LLPs with New York State income, gain, loss, or deduction. Regular partnerships with specific income levels must also file this form.
Afterward, the form is used by the New York State Department of Taxation and Finance for tax processing purposes.
When is Form IT-204-LL not required?
Form IT-204-LL is not necessary for partnerships, LLCs, or LLPs that do not earn income or incur losses from New York sources. This applies even if they only file due to having a New York resident partner or if they are dormant.
Additionally, LLCs or LLPs that elect to be taxed as corporations for federal income purposes do not need to file this form. Understanding these exceptions can save time and simplify your filing process.
When is Form IT-204-LL due?
The deadline for Form IT-204-LL is on or before the 15th day of the third month following the close of the tax year. For those who file on a calendar year basis, this means the due date is March 15 of the following year.
It is important to note that there is no extension allowed for filing Form IT-204-LL or paying the annual fee. Make sure to prepare ahead to avoid penalties.
How to get a blank Form IT-204-LL?
To get a blank Form IT-204-LL, which is issued by the New York State Department of Taxation and Finance, simply visit our platform. We have a pre-loaded version ready for you to fill out and download for your records.
How to sign Form IT-204-LL online?
To sign Form IT-204-LL using PDF Guru, first, open the platform and click on "Fill Form" to access the blank version of the form. Fill out all necessary fields and, when ready, create an electronic signature by following the prompts within PDF Guru.
After completing the form and adding your signature, click "Done" to download the signed document. Always check the official IRS or state guidelines for specific signature requirements to ensure compliance.
Where to file Form IT-204-LL?
Form IT-204-LL must be submitted to the New York State Department of Taxation and Finance.
Submission methods: in-person, mail or online.
