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Rochester New York online Form W-9: What You Should Know
A. Taxable Payments to Individuals The amount of payment that is taxable for the payee (the individual or company receiving payment) is determined by the taxpayer using Form 2555. This income determination is done by deducting allowable expenses from the gross payment; the value paid should be calculated before the expenses. The individual is required to complete and attach Form 2555 with payee payments of 1000 or more and pay the tax to the City of Rochester at the below rate: 25.5% rate, 25.5% of the taxpayer's taxable income, and 5.8 cents per thousand. Form 2555, Information return of taxable income. A. 1. For non-US citizens, complete and attach 1) Form W-9, and 2) Form 8233, to the payment. 2. Use the 1040 to report the payments received and pay to Rochester at the below rate. 2. For US citizens, the payee must complete and attach 2) Form W-9 to the payment. If you pay more than 20,000 to another individual or company for services rendered in NY, we encourage you to use Form W-9 and submit the payment on your own tax return. If you pay 1,000 or less to a non-US citizen/company, you may be required to file an EIN (Employer Identification Number) with the IRS and attach Taxpayer Identification Number (EIN), along with a certified copy of their NY taxpayer information. If you need more information or need assistance filling out this form, you should call. Payment of Property Taxes by New York State, Statewide — Financial Bureau May 3, 2018, A tax-exempt payment or donation is taxable if the amount or value does not exceed 10,000. Non-exempt payments are never taxable. All other taxable transactions are taxable. Payment of municipal or county property taxes are also taxable. No exceptions apply. Property Tax Deduction for Tax-Exempt Churches with Public Schools — Financial Bureau March 27, 2017, The church property tax deduction allows property owners in New York State to recover taxes on their church property.
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