IT-203-S: Group Return for Nonresident Shareholders of New York S Corporations (2024)
New York · NY DTF · Used for tax years 2024
Form IT-203-S is a group New York State return filed by a New York S corporation for its nonresident shareholders. It reports taxable income, tax, estimated income tax payments and amounts paid with Form IT-370, and any balance due or overpayment.
Who files this form
A New York S corporation that elects to file a group New York State return for its nonresident shareholders must complete Form IT-203-S.
The form says all requirements in the instructions must be met to file a group return. Those instructions were not provided here, so this text does not establish the full eligibility requirements.
What you'll need
- Form IT-203-S-I instructions: The form directs you to read these before completing the return.
- Completed Forms IT-203-S-ATT: Complete these before entering amounts on lines 1 through 5, and submit them with the return.
- Corporation details: Have the legal name, trade name if different, address, special NYS identification number, employer identification number, principal business activity, and date the business started.
- Group details: Have the total number of nonresident shareholders included and the group agent’s name, title, and contact information.
How to file
Complete Form IT-203-S-ATT first. Transfer its column totals to Form IT-203-S and submit the attachment forms with the return. The group agent must complete and sign the return.
If a balance is due, pay by check or money order in U.S. funds payable to NY State Income Tax. Write your special NYS identification number and 2024 IT-203-S on the payment. Do not send cash.
The supplied form text does not give a mailing address or e-filing directions.
Common mistakes
- Starting lines 1 through 5 too soon: Complete Form IT-203-S-ATT before making any entries on those lines.
- Leaving out attachments: Submit Forms IT-203-S-ATT with the return.
- Skipping the instructions: Read Form IT-203-S-I and make sure all group-return requirements are met.
- Sending cash or omitting payment details: Use a check or money order in U.S. funds payable to NY State Income Tax, with your special NYS identification number and 2024 IT-203-S written on it.
- Missing the group agent’s signature: The group agent must complete and sign the return.
Questions people ask
Which tax year does this form cover?
It is for calendar year 2024 or a fiscal year beginning in 2024.
Where do the amounts on lines 1 through 3 come from?
Use the totals from Forms IT-203-S-ATT: column H for New York State taxable income, column I for New York State tax, and column J for estimated income tax paid and amounts paid with Form IT-370.
How do I calculate the balance due?
If line 2 is greater than line 3, subtract line 3 from line 2 and enter the result on line 4. It should equal the column K total from Forms IT-203-S-ATT.
What happens to an overpayment?
If line 3 is greater than line 2, subtract line 2 from line 3 and enter the result on line 5. It should equal the column L total from Forms IT-203-S-ATT. The overpayment will be applied to your 2025 estimated income tax.
What do I enter if this is the final return?
Mark an X in box A and enter the date the corporation went out of existence.