IT-260: New York State and New York City Surety Bond Form - Change of Resident Status - Special Accruals (Revision 2015-09)
New York · NY DTF · Used for tax years 2025
Form IT-260 is a New York State and New York City surety bond agreement for special accruals related to a change of resident status. It records the change of residence, the bond amount, and the tax deferred, and secures future payment of tax on the deferred income.
Who files this form
Form IT-260 is for a taxpayer who changes resident status and elects not to report certain special accrual amounts on the return for the taxable period immediately before the change. The form states that a bond is required to secure future tax payments on the deferred income, calculated as if no change of residence had occurred.
What you'll need
The form calls for:
- The bond agreement, completed in triplicate.
- Acknowledgments by both the principal (the taxpayer) and the surety.
- The surety’s financial statement.
- Your letter of tender.
- Form IT-201, IT-203, or IT-205.
You will also need the date of the residence change, full addresses before and after the change, the applicable tax years, the bond amount, and the amount by which tax would have increased without the election.
How to file
Complete the agreement in triplicate. Fill in the principal and surety information, residence-change details, applicable years, and amounts. If filing a joint return, use both names. The principal or principals and the surety must sign and seal the agreement.
Add the acknowledgments and surety’s financial statement. Send the agreement by registered mail, along with your letter of tender and Form IT-201, IT-203, or IT-205, to:
INCOME TAX AUDIT ADMINISTRATOR I
IFDAB
W A HARRIMAN CAMPUS
ALBANY NY 12227-4299
Common mistakes
- Using only one name when filing a joint return. The form says to use both names.
- Sending only one copy of the agreement. It must be completed in triplicate.
- Leaving out the principal’s or surety’s acknowledgment, the surety’s financial statement, the letter of tender, or the accompanying Form IT-201, IT-203, or IT-205.
- Mailing without registered mail. The form specifically directs you to use registered mail.
- Relying on an oral agreement to change or end the bond obligations. The form says those obligations cannot be changed or terminated orally.
Questions people ask
What does this bond secure?
It secures future tax payments on deferred income following a change of residence, calculated as if the residence change had not occurred.
Who can serve as the surety?
The form describes the surety as a corporation authorized to transact business in New York State, with an office and usual place of business in New York.
What happens if I file a joint return?
Use both names on the agreement. The form provides signature lines for the principal and the principal’s spouse.
When does the bond obligation become void?
The form says the obligation becomes void if the principal pays the full deferred tax and any penalties and interest, or reports all the specified accruable items of income, gain, loss, or deduction for the applicable taxable years. Otherwise, the bond remains irrevocable and in full force and effect.
Can the bond obligations be changed verbally?
No. The form states that the principal’s and surety’s obligations cannot be changed or terminated orally.