ACRIS Tax Form Creation Changes
Effective May 18, 2015, the NYC-RPT form will be revised to include two additional GRANTOR and GRANTEE types:
- Single Member LLC
- Multiple Member LLC
For any grantor and grantee that is a partnership or a multiple member LLC, the revised form will request the name and SSN/EIN for each general partner or member:
- Provide the requested information for each general partner or member in a supporting document with a separate page for each partnership or LLC. Include the name of the partnership or LLC.
- If the social security number or employer identification number is not provided, attach an affidavit attesting to the reasons the information is missing.
- This information will be used for tax administration purposes and is confidential.
For additional details, click here
Transfer tax exemption for START-UP NY Leases effective January 1, 2014
An exemption from the New York State Real Estate Transfer Tax and the New York City Real Property Transfer Tax for START-UP NY Leases took effect on January 1, 2014. This exemption may be claimed when creating transfer tax forms in ACRIS.Transfer of eTax and Cover Page Transactions between Customer Profiles
As of September 23, 2013, ACRIS will support the transfer of eTax and Cover Page transactions from one ACRIS Customer Profile to another. Detailed instructions for how to transfer a transaction will be available in the online help for eTax and Cover Page. Transfer will be performed from the eTax and Cover Page transaction summary screens and can be between Customer Profiles owned by the same NYC.ID account or between Customer Profiles owned by different NYC.ID accounts. Transfer will require entry of both the target NYC.ID email address and matching Customer Profile.