Form IT- 2658 - E : September 2005, Certificate of Exemption from - PwC-2025

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Instructions for Form IT-2658-E Certificate of Exemption from Partnership Estimated Tax Paid on Behalf of Corporate Partners.
In order for a taxpayer to be eligible to receive the benefit of the PTET credit, they must be an individual, trust or single member LLC shareholder who is required to file an income tax return under New York Consolidated Laws, Tax Law 22 (2023).
A partnership or S corporation making a payment of estimated tax on behalf of a nonresident individual partner or shareholder must use Form IT-2658 and the applicable attachment(s) depending on which type(s) of estimated taxes they are remitting.
New York may provide a reciprocal credit on a rate-to-rate basis for sales or use taxes paid to another state only where, and to the extent that, the other state provides a reciprocal credit for sales or use taxes paid to New York State and/or its localities.
Answer: Sales Tax Exemption Certificates can be used by exempt institutions to purchase property or services without having to pay a sales tax. Exempt organizations often include charities, non-profits, educational, or religious institutions.

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As a resident, you pay state tax (and city tax if a New York City or Yonkers resident) on all your income no matter where it is earned. As a nonresident, you only pay tax on New York source income, which includes earnings from work performed in New York State, and income from real property located in the state.

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