ADGFINANCIAL Posted November 6, 2013 Report Share Posted November 6, 2013 I'm in NY, in Stone Ridge, attended a NATP NY seminar late last week.. The new requirement for next year is if you do 1 NY tax return anywhere in the US next year, you must register with NY if you,re just a guy doing taxes. The usual professionals are excluded. The fee is $100. New York State is broke and will be checking and assessing a fine of $250. If caught. NYS will drop the fine if you register within 90 days of being caught. The state is broke and going after every penny they can. August @ ADG Financial.com Quote Link to comment Share on other sites More sharing options...
Guest Taxed Posted November 6, 2013 Report Share Posted November 6, 2013 Did they change the law again? Until last year if you are out of state tax preparer and you do less than 10 NY returns you HAVE to register but they don't charge the $100. That applies if you do 10 or more?? Quote Link to comment Share on other sites More sharing options...
ADGFINANCIAL Posted November 6, 2013 Author Report Share Posted November 6, 2013 Yes, they change the law. Now it's 1, it was 10.Now it not more that 1. It's at least 1. They want the $100. bucks.August Quote Link to comment Share on other sites More sharing options...
Lion EA Posted November 6, 2013 Report Share Posted November 6, 2013 Get your EA. But, it's a little like a money-back guarantee in reverse. If you don't know if you'll have any NY returns, do NOT register. Then, if you get a NY return, you register then and no penalty if within 90 days. Or, get your EA !! Quote Link to comment Share on other sites More sharing options...
Guest Taxed Posted November 6, 2013 Report Share Posted November 6, 2013 Good point with that 90 day grace period. Looks like some clients will be getting a fee increase Quote Link to comment Share on other sites More sharing options...
MsTabbyKats Posted November 6, 2013 Report Share Posted November 6, 2013 Geesh....I'm just waiting for other states to do this! With my "low fees"....and doing people from all over....it may not be worth it. I guess the policy will be to check on every state before I do the return. BTW....if a preparer is in, let's say, Illinois, and he does a NY return....how would he know this rule? Does "next year" mean 2014 season filing 2013 returns? Quote Link to comment Share on other sites More sharing options...
windmill Posted November 6, 2013 Report Share Posted November 6, 2013 I am reading this differently than ADG Financial: I copied this from the website....I have to register(as before) but I only prepare 3 NY returns, I don't have to pay until I do 10 or more. How do you read this? In general, you must register if you: are paid to prepare at least one New York State return in calendar year 2014 as a tax return preparer, or help to issue or administer a refund anticipation loan or refund anticipation check. You must pay a $100 registration fee if you are a commercial tax return preparer: paid to prepare 10 or more New York State tax returns in calendar year 2013, and will be paid to prepare at least one tax return in calendar year 2014; or will be paid to prepare 10 or more tax returns in calendar year 2014. See Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted November 6, 2013 Report Share Posted November 6, 2013 The usual professionals are excluded.Who fits into this category? We do 5-6 NY returns a year. Quote Link to comment Share on other sites More sharing options...
jklcpa Posted November 6, 2013 Report Share Posted November 6, 2013 Who fits into this category? We do 5-6 NY returns a year. Jack, clicking on that link "tax return preparer" in windmill's post above will take you to the NY website's page that outlines who must register and who is exempt. You/your firm would be exempt as EAs. Quote Link to comment Share on other sites More sharing options...
Guest Taxed Posted November 6, 2013 Report Share Posted November 6, 2013 Based on the posting of Windmill I am reading it this way: 1) We have to register if we prepare at least 1 NY return (same as last year) 2) Pay $100 if we prepared 10 NY returns or more in 2013 and will do at least 1 NY return in 2014 OR will prepare 10 or more NY returns in 2014. So In Jack's situation if he did 6 in 2013 and will do another 6 in 2014 I say he does not have to pay $100. But if he does 10 or more in 2014 he has to pay. Anyone disagree? 1 Quote Link to comment Share on other sites More sharing options...
windmill Posted November 6, 2013 Report Share Posted November 6, 2013 That's my reading also. Agree with TAXED. 1 Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted November 6, 2013 Report Share Posted November 6, 2013 TAX PREPARERS EXCLUDE:•currently licensed Certified Public Accountants (CPA) or Public Accountants (PA)•enrolled agents•attorneys currently licensed to practice law•employees of a CPA, PA, enrolled agent, or law firm who prepare tax returns under the direct supervision of a CPA, PA, enrolled agent, or attorney of that firm•employees of a business who prepare that business’s return or report•clerical employees•volunteer tax preparers Quote Link to comment Share on other sites More sharing options...
GeneInAlabama Posted November 6, 2013 Report Share Posted November 6, 2013 TAX PREPARERS EXCLUDE: •currently licensed Certified Public Accountants (CPA) or Public Accountants (PA) •enrolled agents •attorneys currently licensed to practice law •employees of a CPA, PA, enrolled agent, or law firm who prepare tax returns under the direct supervision of a CPA, PA, enrolled agent, or attorney of that firm •employees of a business who prepare that business’s return or report •clerical employees •volunteer tax preparers I'm a clerical employee. I am the owner, clerk, and janitor in my business. Sometimes I am also the maintenance man. 1 Quote Link to comment Share on other sites More sharing options...
Guest Taxed Posted November 6, 2013 Report Share Posted November 6, 2013 That is the job description of Self Employed Don't you love it? Quote Link to comment Share on other sites More sharing options...
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