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NY DTF RP-5217-PDF Form: What You Should Know
In New York State, a land trust of at least 500,000 can be used as the legal owner of real property. To be eligible for transfer of a piece of real property, the legal title must be transferred to the land trust. If a property transfer is not completed within 60 days after the property is transferred, any tax liability for that property is waived. This form is not used as a sales tax record; it is a report prepared for the transfer of any property. RP-5217-NYCRM requires the following information: If you are filing within 30 days of the property transfer and there were tax and interest payments made from the date of the property transfer, be sure to have the seller complete a property tax release form. If you are filing after the 30-Day Deadline but after the first year, you are required to submit the following: The original record and notice and statement of sale with an acknowledgment of taxes paid or receivable from the date of the property transfer. This acknowledgment of tax payment or receivable must be in the same form as the Record and Notice, and must contain each of the following items: The original purchase price, which can be filed together with the transfer application. The tax paid from date of the initial inspection. The tax amount and paid or payable date. The original deed to the property, which can be filed together with the transfer application. When the property transfer is complete and the seller accepts the transfer, a second signature is required of the buyer. The seller must sign the second signature and the buyer must sign the second signature. Once both signatures are submitted, a copy of each document must be submitted. An acknowledgment is not required of the property owner, but if the property owner has been given a copy of the Record and Notice, which is shown as Exhibit RP-5217-NYC, the copy of the Record and Notice is signed by the buyer, and the seller acknowledges the fact that the property was transferred in the prescribed manner. An acknowledgment of payment or receivable is not required of the buyer of real property. The signature of the buyer must complete the form and the seller must sign the form. The seller is required to sign the form. The signature of the buyer of real property must be accompanied by a notarized copy of the tax or other document with which the seller asserts tax liability. The seller must sign the copy of the tax document with the original of the tax document showing the amount paid.
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Hello my name is Robert Kavon and I'm an attorney here at taxes professionals I handle financial analysis for offer and compromise pretty much saying if you qualify or not and how we can legally tweak it to make you qualify in this guide we're gonna be covering New York offer and compromise we wrote out a guide that's written out you may have seen that on the internet pretty much we explain how to do it yourself or for our clients that want us to do it gives them an explanation of how the process works so there's gonna be two main forms for almost everybody that's going to be DTF 4.1 and DTF five DTF four is for liabilities are not fixed and final or for doubt as to liability offer and compromise most people are gonna have the liability is fixed and final they already know what it is and they're gonna do DTF 4.1 and DTF five so we'll go through 4.1 first this is pretty much what are you offering put them out your offering in your basic information goes in here the assessment ID isn't that important if you have it put it in if you don't have any of this information call to state they'll give you all the liabilities owed you may need to add another page if there's additional information I would just add a little text here so that's the additional page if you don't have the assessment IDs we have everything else that typically is gonna be fine they want to see a number forth here the facts supporting your offer why should you get one why should you qualify put your sob story there and then the signatures on this page here very simple DTF 4.1 now on...