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New York Underpayment of Estimated Income Tax By Individuals and Fiduciaries
Extracted from PDF file 2023-new-york-form-it-21059.pdf, last modified December 2006Underpayment of Estimated Income Tax By Individuals and Fiduciaries
IT-2105.9 Department of Taxation and Finance Underpayment of Estimated Tax By Individuals and Fiduciaries New York State • New York City • Yonkers • MCTMT Name(s) as shown on return Identification number (SSN or EIN) Part 1 – All filers must complete this part (see instructions, Form IT-2105.9-I, for assistance) 1 Total tax from your 2023 return before withholding and estimated tax payments (caution: see instructions) ...................... 2 Empire State child credit (from Form IT-201, line 63) ........................................................... 2 .00 3 NYS/NYC child and dependent care credit (from Form IT-201, line 64) ................................. 3 .00 4 NY State earned income credit (EIC) (from Form IT-201, line 65) ........................................ 4 .00 5 NY State noncustodial parent EIC (from Form IT-201, line 66) ............................................. 5 .00 6 Real property tax credit (from Form IT-201, line 67) ............................................................. 6 .00 7 College tuition credit (from Form IT-201, line 68) .................................................................. 7 .00 7a Enter the total amount of STAR credit (see instructions) .................................................... 7a .00 8 NY City school tax credit (from Form IT-201, lines 69 and 69a, or Form IT-203, lines 60 and 60a) ... 8 .00 9 NY City earned income credit (from Form IT-201, line 70) .................................................... 9 .00 9a This line intentionally left blank ........................................................................................ 9a 10 Other refundable credits (from Form IT-201, line 71; Form IT-203, line 61; or Form IT-205, line 33). 10 .00 11 Add lines 2 through 10 ...................................................................................................................................................... 12 Current year tax (subtract line 11 from line 1) ........................................................................................................................ 13 Multiply line 12 by 90% (.90) ............................................................................................ 13 .00 14 Income taxes withheld (from Form IT-201, lines 72, 73, and 74; Form IT-203, lines 62, 63, and 64; or Form IT-205, lines 34, 35, and 36) 15 Subtract line 14 from line 12. If the result is less than $300, do not complete the rest of this form (see instructions) ................. 16 Enter your 2022 tax (caution: see instructions) .................................................................................................................... 17 Enter the smaller of line 13 or line 16 .............................................................................................................................. 1 .00 11 12 .00 .00 14 15 16 17 .00 .00 .00 .00 Part 2 – Short method for computing the penalty – Complete lines 18 through 24 if you paid withholding tax and/or paid four equal estimated tax installments (on the due dates), or if you made no payments of estimated tax. Otherwise, you must complete Part 3 – Regular method. 18 Enter the amount from line 14 above ............................................................................... 18 .00 19 Enter the total amount of estimated tax payments you made (see instructions) ................. 19 .00 20 Add lines 18 and 19 .......................................................................................................................................................... 20 21 Total underpayment for year. Subtract line 20 from line 17 (if zero or less, you do not owe the penalty) .............................. 21 22 Multiply line 21 by .06801 and enter the result ................................................................................................................. 22 23 If the amount on line 21 was paid on or after April 15, 2024, enter 0. If the amount on line 21 was paid before April 15, 2024, make the following computation to find the amount to enter on this line: Amount on line 21 × number of days paid before April 15, 2024 × .00028 = ...................................................... 23 24 Penalty. Subtract line 23 from line 22 .............................................................................................................. 24 Enter here and on Form IT-201, line 81; Form IT-203, line 71; or Form IT-205, line 42. .00 .00 .00 .00 .00 Part 3 – Regular method – Schedule A – Computing your underpayment (Schedule B is on the back) Payment due dates 5 Required installments. Enter ¼ of line 17 2 in each column. (If you used the annualized income installment method, see instructions.)... 25 26 Estimated tax paid and tax withheld (see instructions) .................................... 26 A 4/15/23 B 6/15/23 C 9/15/23 D 1/15/24 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 omplete lines 27 through 29, one column C at a time, starting in column A. 27 Overpayment or underpayment from prior period .......................................... 27 .00 28 If line 27 is an overpayment, add lines 26 and 27; if line 27 is an underpayment, subtract line 27 from line 26 (see instr.) . 28 .00 .00 29 Underpayment (subtract line 28 from line 25) or overpayment (subtract line 25 from line 28; see instructions) .................... 29 .00 .00 059001230094 IT-2105.9 (2023) (back) Part 3 – Regular method – Schedule B – Computing the penalty Payment due dates A 4/15/23 B 6/15/23 .00 30 Amount of underpayment (from line 29) ........... 30 .00 C 9/15/23 D 1/15/24 .00 .00 First installment penalty period (April 15 - June 15, 2023) 31 April 15 - June 15 = (61 ÷ 365) × 9.5% = .01587 - or - = April 15 - ( ÷ 365) × 9.5% = . 31 32 Multiply line 30, column A by line 31 .............. 32 .00 Second installment penalty period (June 15 - September 15, 2023) 33 June 15 - September 15 = (92 ÷ 365) × 9.5% = .02394 - or - June 15 - = ( ÷ 365) × 9.5% = . 33 34 Multiply line 30, column B by line 33 ................................................... 34 .00 Third installment penalty period (September 15, 2023 - January 15, 2024) 35 September 15 - September 30 October 1 - December 31 January 1 - January 15 = (15 ÷ 365) × 9.5% = .00389 = (92 ÷ 365) × 10.5% = .02646 = (15 ÷ 366) × 10.5% = .00429 .03464 Total - or - September 15 - October 1 - January 1 - = ( = ( = ( ÷ 365) × 9.5% ÷ 365) × 10.5% ÷ 366) × 10.5% = . = . = . . Total 35 36 Multiply line 30, column C by line 35 ........................................................................................ 36 .00 Fourth installment penalty period (January 15 - April 15, 2024) 37 January 15 - April 15 = (91 ÷ 366) × 1 0.5% = .02610 - or - January 15 - = ( ÷ 366) × 10.5% = . 37 38 Multiply line 30, column D by line 37 .............................................................................................................................. 38 39 Penalty. Add lines 32, 34, 36, and 38. Enter here and on Form IT-201, line 81; Form IT-203, line 71; or Form IT-205, line 42 .......................................................................................... 39 059002230094 Submit this form with your New York State return. .00 .00
Form IT-2105.9 Underpayment of Estimated Income Tax By Individuals and Fiduciaries Tax Year 2023
More about the New York Form IT-2105.9 Individual Income Tax Estimated TY 2023
Underpayment of Estimated Income Tax form for New York state taxpayers.
We last updated the Underpayment of Estimated Income Tax By Individuals and Fiduciaries in January 2024, so this is the latest version of Form IT-2105.9, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-2105.9 directly from TaxFormFinder. You can print other New York tax forms here.
Other New York Individual Income Tax Forms:
TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form IT-201 | Individual Income Tax Return |
| IT-201-V | Payment Voucher for Income Tax Returns |
| Form IT-201-D | Resident Itemized Deduction Schedule (DISCONTINUED) |
| Form IT-203 | Nonresident Income Tax Return |
| Form IT-201-I | Individual Income Tax Return Instructions |
View all 272 New York Income Tax Forms
Form Sources:
New York usually releases forms for the current tax year between January and April. We last updated New York Form IT-2105.9 from the Department of Taxation and Finance in January 2024.
Form IT-2105.9 is a New York Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of New York Form IT-2105.9
We have a total of twelve past-year versions of Form IT-2105.9 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form IT-2105.9
Form IT-2105.9 Underpayment of Estimated Income Tax By Individuals and Fiduciaries Tax Year 2023
2022 Form IT-2105.9
Form IT-2105.9 Underpayment of Estimated Income Tax By Individuals and Fiduciaries Tax Year 2022
2021 Form IT-2105.9
Form IT-2105.9 Underpayment of Estimated Income Tax By Individuals and Fiduciaries Tax Year 2021
2020 Form IT-2105.9
Form IT-2105.9 Underpayment of Estimated Income Tax By Individuals and Fiduciaries Tax Year 2020
2019 Form IT-2105.9
Form IT-2105.9:2019:Underpayment of Estimated Income Tax By Individuals and Fiduciaries:it21059
2018 Form IT-2105.9
Form IT-2105.9:2018:Underpayment of Estimated Income Tax By Individuals and Fiduciaries:it21059
2017 Form IT-2105.9
Form IT-2105.9:2017:Underpayment of Estimated Income Tax By Individuals and Fiduciaries:IT21059
2016 Form IT-2105.9
Form IT-2105.9:2016:Underpayment of Estimated Income Tax By Individuals and Fiduciaries:IT21059
2015 Form IT-2105.9
Form IT-2105.9:2015:Underpayment of Estimated Income Tax By Individuals and Fiduciaries:IT21059
2014 Form IT-2105.9
Form IT-2105.9:2014:Underpayment of Estimated Income Tax By Individuals and Fiduciaries:IT21059
2013 Form IT-2105.9
Form IT-2105.9:2013:Underpayment of Estimated Income Tax By Individuals and Fiduciaries:IT21059
2012 Form IT-2105.9
Form IT-2105.9:2012:Underpayment of Estimated Income Tax By Individuals and Fiduciaries:IT21059
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