Form IT-119 Star Credit Advance Payment Reconciliation - New York

What Is Form IT-119?

This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form IT-119?
A: Form IT-119 is the Star Credit Advance Payment Reconciliation form in New York.

Q: What is the Star Credit?
A: The Star Credit is a property tax relief program in New York.

Q: What is an advance payment reconciliation?
A: Advance payment reconciliation is the process of reconciling the amount of Star Credit received in advance with the actual property tax liability.

Q: Who needs to file Form IT-119?
A: Taxpayers who received Star Credit advance payments and have a property tax liability in New York need to file Form IT-119.

Q: What information is required to complete Form IT-119?
A: To complete Form IT-119, you will need your Star Credit advance payment letter, property tax bills, and other supporting documents.

Q: When is the deadline to file Form IT-119?
A: The deadline to file Form IT-119 is typically the same as the deadline to file your New York State income tax return, which is usually April 15th.

Q: What happens if you don't file Form IT-119?
A: If you don't file Form IT-119, you may not receive the full amount of Star Credit you are eligible for, and you may be subject to penalties or interest.

Q: Can I file Form IT-119 electronically?
A: Yes, you can file Form IT-119 electronically using the New York State Tax Department's e-file system.

Q: Is there a fee to file Form IT-119?
A: No, there is no fee to file Form IT-119.