IT-203-TM: Group Return for Nonresident Athletic Team Members (2024)
New York · NY DTF · Used for tax years 2024
Form IT-203-TM is a group New York State or Yonkers tax return filed by a professional athletic team for its nonresident members. It reports taxable income and wages, taxes, withholding and other payments, any balance due, and any overpayment applied to 2025 estimated tax.
Who files this form
A professional athletic team must complete Form IT-203-TM if it elects to file a group New York State or Yonkers return for its nonresident team members.
The form says all requirements in the instructions must be met to file a group return. Those instructions were not provided here, so the full eligibility requirements are not available.
What you'll need
- Form IT-203-TM-I, the instructions, which the form says to read before completing the return.
- Forms IT-203-TM-ATT-A and IT-203-TM-ATT-B, Schedules A and B, whichever apply. Complete them before entering amounts on lines 1 through 12, and submit the applicable schedules with the return.
- The team's special NYS identification number, employer identification number, address, and other identifying details requested on the form.
- The group agent's name, title, contact information, signature, and date.
- A check or money order if there is a balance due.
How to file
Read Form IT-203-TM-I before completing the return. Complete the applicable Schedules A and B first, then transfer their amounts to the corresponding lines on Form IT-203-TM.
Identify the team, mark which taxes the group return covers, and enter the total number of nonresident team members included. The group agent must complete and sign the return. Submit the applicable schedules with it.
If tax is due, make a check or money order payable in U.S. funds to NY State Income Tax. Write the team's special NYS identification number and 2024 IT-203-TM on the payment. Do not send cash.
The supplied form text does not give a mailing address or e-file instructions.
Common mistakes
- Entering amounts on lines 1 through 12 before completing the applicable Schedules A and B.
- Leaving the applicable schedules out of the submission.
- Failing to read Form IT-203-TM-I or check the group-return requirements in those instructions.
- Leaving the group agent's section incomplete or unsigned.
- Sending cash, or omitting the special NYS identification number and 2024 IT-203-TM from a check or money order.
Questions people ask
Which taxes can this group return cover?
The form has boxes for New York State income tax and Yonkers nonresident earnings tax.
What happens if payments exceed the total tax?
Line 12 directs you to apply the overpayment to 2025 estimated tax. Subtract line 5, total tax, from line 10, total payments.
Who must sign the return?
The group agent must complete and sign the group agent section.
What if this is the team's final return?
Mark an X in the final-return box and enter the date the team went out of existence.