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FEBRUARY 2005 -- NEW TP-584 FORMS AVAILABLE
In November of 2004, the New York State Department of Taxation and Finance TP-584 form was again revised to require the seller(s) of a cooperative unit to complete Section D, “Certification of exemption from the payment of estimated personal income tax.” This section sets forth whether the seller of a cooperative unit is or is not a New York State Resident. All Non-Residents (who are not entitled to an exemption therefrom) must fill our form IT-2664 “Non-Resident Cooperative Unit Estimated Income Tax Payment Form” (for the appropriate tax year) and if applicable, pay the estimated N.Y.S. Income Tax at the time of conveyance.
At the present time, either TP-584 dated 10/03 or TP-584 dated 11/04 may be used for conveyances of Real Property but only TP-584 dated 11/04 can be used for the conveyance of cooperative units.
Please note, all necessary forms are available at our website.
The Seaport Title Agency - 106 Woodcleft Avenue - 2nd Floor - Freeport, NY 11520
Phone: (516) 867-5100 - Fax: (516) 867-5700
Copyright © 2005-2011 The Seaport Title Agency. All Rights Reserved.
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