Shareholder Information > New York tab

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

Use the state tabs in the Shareholder Information window to enter state-specific information for shareholders. State tabs appear only if you have added states to the return.

To update a shareholder's state-specific information, click that shareholder in the Shareholder Information window, and then click the appropriate state tab.

Fields & buttons

New York information group box

If the shareholder is a nonresident, enter a code from the following table or select the code from the drop-down list to indicate the type of nonresident filing to be made by the shareholder. If a code is not entered, UltraTax CS defaults to calculating withholding for the shareholder.

Code Description
1

Withholding (default)

This is the default filing for nonresident shareholder when you do not select a code from the drop-down list. Select this option to indicate the shareholder is subject to withholding on Form IT-2658.
2

Exempt from withholding and exemption certificate required

Select this option to indicate the shareholder is exempt from withholding and an affidavit is required for the nonresident shareholder. UltraTax CS completes Form IT-2658-E.
3

Exempt from withholding and exemption certificate on file

Select this option to indicate the shareholder is exempt from withholding and an affidavit is already on file. UltraTax CS does not complete Form IT-2658-E for this shareholder.
4

Composite filer

Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. If you select this option, UltraTax CS completes Form IT-203-S for participating nonresident shareholders.

If the shareholder is a resident of New York City or Yonkers, select the shareholder's residency status from the drop-down list, otherwise, leave the field blank. If the field is blank, UltraTax CS uses the Resident state at year end field in the Shareholder tab to determine if the shareholder is a NYS resident or nonresident.

UltraTax CS provides this statement dialog for supplemental information specific to each shareholder. Use this statement dialog for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Section A in Screen NYKSep. UltraTax CS prints the information you enter in this statement dialog in the Shareholder Worksheet statements.

Composite return group box

Mark this checkbox if the shareholder is a member of additional group returns.

Enter the amount of estimated payments made on behalf of the shareholder.

Enter the total penalties and interest calculated on behalf of the individual shareholder included in the group return. UltraTax CS transfers this amount to Form IT-203 S-ATT, Column N.

Enter the amount of the extension payment made on behalf of the shareholder. UltraTax CS calculates the group extension but does not assign the calculated amount to individual shareholders.

Form IT-2659 group box

Enter the nonresident's income for the current year if different from the calculated amount. Enter zero, if applicable.

Enter the amount of partnership deductions for the shareholder.

Enter the nonresident's credits which were eligible to be taken if different from the calculated amount. Enter zero, if applicable.

Enter the tax paid on behalf of the shareholder.

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