New York Form IT-2104-SNY

What Is A Form IT 2104 SNY 

Form IT-2104-SNY is a New York State Department of Taxation and Finance document that allows employees from businesses participating in the START-UP NY program to claim exemption from withholding New York State and Yonkers personal income taxes on wages. This exemption certificate is specifically tailored for individuals associated with the START-UP NY program and eligible to exclude wages from their New York adjusted gross income.

When to Use Form IT 2104 SNY

Eligible employees should utilize form IT-2104-SNY in the following circumstances:

• Employment by a business approved and certified in the START-UP NY program.
• Performance of work solely within a tax-free NY area at the location of the approved business during the tax year.
• Employment in a net new job created by the approved business in the tax-free NY area.

How To Fill Out Form IT-2104-SNY 

Step 1: Determine Your Eligibility 

Before filling out the form, confirm that you meet all the qualifying conditions. You must be employed by a START-UP NY-approved business, work exclusively in a tax-free NY area, be employed in a net new job, and work or expect to work at least six months in the tax year at the business's location.

Step 2: Fill Employee Information 

In the "Employee information" section, provide your details:

• Enter your first name, middle initial, and last name.
• Include your mailing address with the apartment number, if applicable.
• Provide your city, state, and ZIP code.
• Write down your Social Security number.
• Mention your filing status by marking 'X' in the appropriate box representing your filing status, which could be single, married, filing a joint return, or head of household.
• Fill in your date of birth in the format.

Step 3: Certify Your Information

Read the certification statement that confirms you are eligible and expect to qualify for the exemption. If you agree and meet the conditions, sign and date the form.

Step 4: Employer Information 

Although this section is for your employer to complete, ensure they include their business name, Employer Identification Number (EIN), and certificate number. You don't need to fill in this part as an employee, but your employer must do so for their records.

Step 5: File the Form

Once completed, give the form to your employer and retain a copy for your records. Do not send this form to the New York State Tax Department. Remember, you must file a new form, IT-2104-SNY, each year if you remain eligible and wish to claim the exemption.

When to File Form IT-2104-SNY 

The appropriate time to file form IT-2104-SNY is when you start employment with a START-UP NY program-certified business or at the beginning of the tax year if you continue to be eligible and wish to maintain your withholding exemption. It is imperative to refile annually to continue claiming exemption from withholding.

Do not file this form with the New York State Tax Department; it must be provided to your employer. Furthermore, suppose the employer's participation in the START-UP NY program is suspended or terminated. In that case, you may still claim exemption from withholding for the remainder of the year, provided certain conditions are met.

By following these guidelines, eligible employees can successfully claim their tax benefits associated with the START-UP NY program using the form IT-2104-SNY.