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Free Nyc 1127 Form

The NYC 1127 form is a tax return specifically designed for nonresident employees of the City of New York who began their employment on or after January 4, 1973. This form calculates the difference between the city personal income tax that would apply if the employee were a resident and the actual city tax liability reported on their New York State tax return. Completing the NYC 1127 accurately is essential to ensure compliance and avoid potential penalties.

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The NYC 1127 form is a critical document for nonresident employees of the City of New York who were hired on or after January 4, 1973. This form is designed to determine the tax liability that these employees owe to the city, based on their income as if they were residents. It is essential for individuals to accurately complete this form to avoid penalties. The form requires personal information, including the employee's and spouse's names, addresses, and Social Security numbers. Additionally, it addresses the filing status, whether married filing jointly or separately, and includes a section for calculating the 1127 liability, which is derived from the New York State Income Tax Return. Employees must also report any New York City school tax credits and other relevant deductions. The form emphasizes the importance of certification, requiring the taxpayer's signature and that of any preparer involved. Timely submission is crucial, as completed forms must be filed by May 15, 2021, to avoid late fees. Understanding the NYC 1127 form is vital for compliance with city tax laws and ensuring that all tax obligations are met accurately.

Similar forms

IRS Form 1040: This is the standard individual income tax return form used by U.S. taxpayers. Like NYC Form 1127, it requires personal information, income details, and deductions. Both forms aim to calculate tax liabilities based on reported income.
IRS Form 1040-SR: Designed for seniors, this form is similar to the standard 1040 but features larger print and a simpler layout. Both forms require similar information regarding income and deductions.
New York State IT-201: This is the resident income tax return for New York State. It shares the requirement for income reporting and tax calculations with the NYC 1127, specifically for residents and non-residents employed in NYC.
New York State IT-203: This form is for non-residents and part-year residents. Like the NYC 1127, it addresses tax liabilities based on income earned while residing outside the city but working within it.
IRS Form W-2: This form reports an employee's annual wages and the taxes withheld. Both forms require accurate income reporting to determine tax obligations, making them closely related.
IRS Form 1099: Used for reporting various types of income other than wages, salaries, and tips. Similar to the NYC 1127, it requires reporting income from non-employment sources for tax calculation.
New York State IT-215: This form is for claiming the Earned Income Credit. Both forms require information about income and dependents to determine eligibility for credits and tax liabilities.
IRS Form 8862: This form is used to claim the Earned Income Credit after a prior disallowance. It parallels the NYC 1127 in that both require detailed income and eligibility information for tax credits.
New York City Form NYC-200V: This payment voucher is used when making payments to the NYC Department of Finance. Both forms are integral to fulfilling tax obligations in New York City.
New York State Form IT-216: This form is used to claim the Child and Dependent Care Credit. Similar to the NYC 1127, it requires detailed information on income and dependents to assess eligibility for credits.

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-1127	RURNRNNRDY	HCYNYRK		2020
-1127	HR NRAANUARY
				nn
PRINT OR TYPE ▼	‑chcpecicondioncodeifppicbe(		eincon	nn
PRINT OR TYPE ▼

*80012091*

First names and initials of employee and spouse:		Last name:

Home address (number and street):		Apt. no.:			Address	n
					Change	n

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
	See instructions.	◆ NYS IT-203, line 36	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

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
4	Compute limitation percentage		Line 3:	$			ndddedconnddependen
			______
			Line 1:	$	= _________ %		exepononbedonn
			Line 1:	$			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
Special Condition Codes	that contribution and the period of your		Ifline2islessthanthesumoflines3and
At the time this form is being published,	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-
the sum of lines 3 and 4, and line 2 (sub-	iing	fyoincoei			Yocedii
tractline2fromthesumoflines3and4).	iing	fyoincoei			Yocedii

	● Single		$250,000 or less		$63
Your refund amount is the lesser of this	● Single

	● Married filing
difference and the amount on line 4.	separate return		Over $250,000		$0
	separate return
	● Head of household
If the amount on line 2 is equal to the	● Married filing		$250,000 or less		$125
If the amount on line 2 is equal to the	joint return		$250,000 or less		$125
sum of lines 3 and 4, enter 0 on line 6.	● Qualifying widow(er)		Over $250,000		$0
	with dependent child		Over $250,000		$0
Refunds cannot be processed unless a	*Income, for purposes of determining your school
Refunds cannot be processed unless a	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
return, including all schedules, and	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	See also the instructions to Line 69 of New
SPECIALINSTRUCTIONS FOR	York State Form IT-201. Employees who
2020 FOR SCHEDULEA, PAGE 2.	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
contributedtoaNewYorkStateCharitable		CconofNYCchooxcedi
Gifts Trust Fund, claim a New York State		CconofNYCchooxcedi
Gifts Trust Fund, claim a New York State	(edcononfoiedfiingjoiny
	(edcononfoiedfiingjoiny
itemized deduction for that contribution		ndqifyingido(e
itemized deduction for that contribution
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
period of NYC residence.
		CconofNYCchooxcedi
SCHEDULEA, PAGE 2 - LINE 5	(edcononfoingendied
SCHEDULEA, PAGE 2 - LINE 5		fiingepy
If the amount withheld pursuant to
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
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
your itemized deductions for purposes of		CconofNYCchooxcedi
this line by that amount.		(edconon
this line by that amount.		fohedofhoehod
		fohedofhoehod

SCHEDULE B, PAGE 2	fcixbeincoei			hecedii
SCHEDULE B, PAGE 2	ove	bnoove
	ove	bnoove
On Schedule B, report items for employ-
On Schedule B, report items for employ-	$0	$14,400		.171% of taxable income*
ee and spouse if filing a joint Form	$0	$14,400		.171% of taxable income*

	$14,400	$500,000		$25 plus .228% of
NYC-1127. Married employees who	$14,400	$500,000		$25 plus .228% of
choose not to include their spouse’s				the excess over $14,400
choose not to include their spouse’s
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
for employee only.	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.

Common mistakes

Filling out the NYC 1127 form can be a complex task, and many individuals make common mistakes that can lead to delays or issues with their tax filings. One of the most frequent errors is failing to provide complete and accurate personal information. This includes not entering the full names of the employee and spouse, omitting the correct home address, or leaving out the Social Security numbers. Each of these details is crucial for the processing of the form, and any inaccuracies can result in significant delays.

Another common mistake involves misunderstanding the filing status. Many individuals incorrectly select their filing status, such as choosing "Single" when they are actually married or vice versa. This misclassification can affect the tax liability calculations and may lead to penalties. It is essential to carefully review the definitions of each filing status and select the one that accurately reflects the individual's situation.

In addition, people often neglect to check the box indicating whether both the employee and spouse are subject to Section 1127. This oversight can lead to incorrect calculations of tax liability. The form requires this information to determine the correct amount owed, and failing to provide it can complicate the filing process.

Another mistake involves the liability calculation. Many filers do not refer to their New York State Income Tax Return to gather the necessary figures for the NYC 1127 form. Using incorrect figures or failing to include all relevant income can result in an inaccurate tax liability, which may lead to underpayment or overpayment of taxes.

Additionally, individuals sometimes forget to sign the form or fail to include the preparer's information if applicable. A missing signature can result in the form being rejected or delayed. It is also important to ensure that the preparer's details are filled out correctly if a tax professional is involved in the filing process.

Finally, many people overlook the requirement to attach supporting documents, such as a complete copy of the New York State Income Tax Return and wage statements. Without these attachments, the NYC Department of Finance may not process the return, leading to further complications. Ensuring that all necessary documentation is included can streamline the filing process and help avoid unnecessary delays.

More About Nyc 1127

What is the NYC 1127 form?
The NYC 1127 form is a tax return specifically for nonresident employees of the City of New York who were hired on or after January 4, 1973. It is used to calculate the amount owed to the City based on the difference between the City personal income tax for residents and the City tax liability reported on the employee's New York State tax return.
Who needs to file the NYC 1127 form?
If you became an employee of the City of New York after January 4, 1973, and were a nonresident during any part of 2020, you must file this form. This requirement applies even if you have other tax obligations under New York State tax laws.
When is the NYC 1127 form due?
The completed NYC 1127 form must be filed by May 15, 2021. If you have been granted an extension for filing your federal or New York State tax returns, you must file the NYC 1127 within 15 days after the extended due date.
How do I calculate my liability on the NYC 1127 form?
Your liability is calculated using information from your New York State Income Tax Return. Specifically, you will refer to lines from the NYS IT-201 or IT-203 forms. The NYC 1127 form includes tables that help you determine the tax owed based on your taxable income.
What should I attach to my NYC 1127 form?
To ensure proper processing, attach a complete copy of your New York State Income Tax Return, including all schedules. You must also include your wage and withholding statement (Form 1127.2) and any agency verification if you are claiming a line of duty injury deduction.
Can I file the NYC 1127 form electronically?
Yes, you can file the NYC 1127 form electronically. Payments can also be made online through the NYC Department of Finance website. If you choose to pay via check or money order, do not include these payments with your NYC return; instead, use the payment voucher Form NYC-200V.
What if I made a mistake on my NYC 1127 form?
If you discover an error after submitting your NYC 1127 form, you must file an amended return. This is necessary if any information changes as a result of filing an amended New York State tax return.
What happens if I do not file the NYC 1127 form?
Failure to file the NYC 1127 form may result in penalties and interest on any unpaid tax. It is essential to comply with the filing requirements to avoid these consequences.

Misconceptions

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

This form is specifically designed for non-resident employees who work for the City of New York. Even if you do not live in the city, if you are employed there, you may still be required to file this form.

Misconception 2: Filing the NYC 1127 form is optional.

For certain employees, filing the NYC 1127 form is mandatory. If you began working for the City after January 4, 1973, and were a non-resident during any part of the tax year, you must file this form to comply with Section 1127 of the New York City Charter.

Misconception 3: The NYC 1127 form is the same as the New York State tax return.

While the NYC 1127 form requires information from your New York State tax return, it is a separate document. The NYC 1127 focuses specifically on calculating the additional tax liability for non-residents based on their employment in the city.

Misconception 4: If I file jointly with my spouse on my federal tax return, I must also file jointly on the NYC 1127 form.

This is not always the case. If you and your spouse are both employed by the City and file separate New York State returns, you must file separate NYC 1127 forms. The rules can vary based on your specific circumstances.

Misconception 5: I can submit the NYC 1127 form at any time during the year.

There are specific deadlines for submitting the NYC 1127 form. It must be filed by May 15 of the year following the tax year in question. If you have an extension for your federal or state tax return, you must still file the NYC 1127 within 15 days after the extended due date.

Misconception 6: I can claim a refund on the NYC 1127 form without attaching my New York State tax return.

This is incorrect. If you are seeking a refund, you must attach a complete copy of your New York State tax return, along with all necessary schedules, to your NYC 1127 form. Failure to do so will result in delays or denial of your refund request.

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Key takeaways

The NYC 1127 form is specifically for non-resident employees of the City of New York who were hired on or after January 4, 1973, and who were non-residents during any part of the tax year.
To complete the form accurately, gather information from your New York State Income Tax Return. This includes details like your taxable income, deductions, and any credits you may qualify for.
It is essential to file the NYC 1127 by the due date, which is typically May 15 of the following year. If you miss this deadline, penalties may apply.
Payments for any balance due can be made online or by mailing a check or money order, but these payments should not be included with your NYC return.
When filling out the form, ensure that both you and your spouse, if applicable, check the appropriate boxes regarding your filing status and whether you both are subject to Section 1127.
If you were employed by the City for only part of the year, report only the income and deductions that correspond to your period of employment.
Refunds can only be processed if you attach a complete copy of your New York State Income Tax Return along with the wage and withholding statement.
Finally, remember to sign and date the form. If you are filing jointly, both spouses must sign to ensure that the return is valid and can be processed.

Nyc 1127: Usage Guide

Once you've gathered all necessary information, filling out the NYC 1127 form can be straightforward. Follow these steps carefully to ensure accuracy and compliance.

Print or type your first names and initials, followed by your last name.
Enter your home address, including the street number, street name, apartment number (if applicable), city, state, zip code, and country (if not the U.S.).
Provide the name of the NYC department or agency where you are employed.
Fill in your daytime telephone number and email address.
Enter your Social Security number and your spouse’s Social Security number.
Select your filing status: Married Filing Jointly, Head of Household, or Single.
Indicate the number of months you and your spouse were employed in 2020.
Record the date you and your spouse retired from NYC service, if applicable.
If both you and your spouse are subject to Section 1127, check the corresponding box.
Calculate your New York State taxable income from your NYS Income Tax Return and enter it in the appropriate section.
Follow the instructions to calculate your Section 1127 liability, including any other New York City taxes.
Determine any New York City School tax credits and enter them as instructed.
Calculate the balance due or refund amount based on your entries.
Sign and date the certification section, authorizing the Department of Finance to discuss your return with the preparer if applicable.
Attach a complete copy of your New York State Income Tax Return, including all schedules, and your wage and withholding statement.
Mail the completed form to the appropriate NYC Department of Finance address provided in the instructions.

After submitting the form, keep an eye on your mail or email for any communications from the NYC Department of Finance. They may reach out for additional information or to confirm receipt of your submission. It’s important to stay informed during this process to ensure everything is handled smoothly.

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