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The BOS DTF-802 form plays a vital role in the realm of tax compliance for businesses in the United States. This form is specifically designed to facilitate the reporting and documentation of tax obligations, ensuring that organizations adhere to federal and state tax regulations. Individuals and businesses alike must navigate the complexities of tax codes, and the BOS DTF-802 provides a structured way to capture important financial data. Key information required on the form may include identification details, income statements, and deductions. Accurate completion of the BOS DTF-802 is essential not only for meeting legal requirements but also for optimizing potential tax benefits and avoiding penalties. Understanding this form empowers businesses to manage their tax responsibilities effectively, ensuring compliance and fostering financial health.

BOS DTF-802 Example

DTF-802
(5/15)

Department of Taxation and Finance

Statement of Transaction – Sale or Gift of Motor Vehicle,

Trailer, All-Terrain Vehicle (ATV), Vessel (Boat), or Snowmobile

Instructions

The new owner's social security number, taxpayer identification number (TIN), or federal employer identification number (EIN) is required.

Use this form when sales tax was not collected at the time of purchase or when the vehicle was received as a gift. If the donor/seller is not required to complete Section 6, the new owner must have a copy of the bill of sale signed by the seller.

The seller or donor must complete Section 6 if:

the motor vehicle is a gift or is sold below fair market value to a person other than a spouse, parent, child, stepparent, or stepchild

the trailer, ATV, boat, boat/trailer combination, or snowmobile is a gift, or is sold below fair market value

If for any reason you must obtain a registration or title before you can establish the amount of tax due based on the less than fair market value purchase price, you may obtain tax clearance by paying the tax due based on the fair market value as established by the Tax Department. If this results in an overpayment, you may apply to the Tax Department for a refund or credit of the amount overpaid.

Note:

If you are claiming an exemption other than a gift, use Form DTF-803 instead.

If you are claiming credit for taxes paid to another state, use Form DTF-804 instead.

If you are registering more than one motor vehicle for the same taxing jurisdiction, use Form DTF-805 instead.

Section 1 Vehicle information

Type of vehicle (mark one box)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Motor vehicle

 

Trailer

 

 

Boat/Trailer combination

 

 

ATV

 

Snowmobile

 

 

Boat (length in feet):

 

 

ft.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Make

 

 

 

 

 

 

Model

 

 

 

 

Vehicle or hull identification number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boats and boat/trailer combinations only – enter trailer information below

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Make

 

 

 

 

 

 

Model

 

 

 

 

Vehicle identification number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Delivery location (complete only for an ATV or snowmobile)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

County

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Storage/use location (complete only for an ATV or snowmobile)

 

Do you have a residence in this county? (If Yes,

 

 

 

 

 

 

City

 

 

 

County

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

see Tax rate note in Section 5)

 

 

 

 

Yes

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section 2 New owner information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last name, first name, middle initial or business name

 

 

 

 

 

 

 

 

 

 

Social security number/TIN/EIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number and street address

 

 

 

 

 

City, state, and ZIP code

 

 

 

 

 

County

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business address (if commercial vehicle) (number and street)

 

 

 

 

 

 

 

 

City, state, and ZIP code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section 3 Previous owner information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last name, first name, middle initial or business name

 

 

 

 

 

 

 

 

 

 

 

EIN (if applicable)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number and street address

 

 

 

 

 

City, state, and ZIP code

 

 

 

 

 

 

County

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section 4 Transaction information

Date of transaction

/ /

mm dd yyyy

Relationship of new owner to previous owner (mark one box)

None

 

Spouse

 

Parent

 

Child

Stepparent

Stepchild

Other (describe):

This transaction is a (mark one)

Gift of a motor vehicle to a person other than spouse, parent, child, stepparent, or stepchild. (donor must complete Section 6)

Purchase of a motor vehicle at below fair market value by a person other than spouse, parent, child, stepparent, or stepchild. (seller must complete Section 6) Gift of a trailer, ATV, boat, or snowmobile (donor must complete Section 6)

Purchase of a trailer, ATV, boat, boat/trailer combination, or snowmobile at below fair market value (seller must complete Section 6) Gift or purchase of a motor vehicle to spouse, parent, child, stepparent, or stepchild

None of the above

For office use only

Date

Initials

Office

Fair market value Audit

Tax Rate

%

Tax paid

Term no.

Page 2 of 2 DTF-802 (5/15)

Section 5 Purchase information

1 Purchase price

 

Value

 

a. Amount of cash payment

1a

$

 

b. Balance of payments assumed

1b

$

 

c. Value of property given, traded, or swapped, or services performed instead of cash payment...

1c

$

 

.......................................................................................................d. Purchase price (total of lines 1a, 1b, and 1c)

 

1d

$

Boats and boat/trailer combinations: For purchases or uses on or after June 1, 2015, tax only applies to the first $230,000 of the purchase price. Do not enter more than $230,000 on line 1d.

2Was this transaction the purchase or gift of a motor vehicle

 

from your spouse, parent, child, stepparent, or stepchild?

 

 

Yes (enter 0 on line 4; no tax is due)

 

No (continue to line 3)

3

Tax rate* (enter as a decimal)

 

 

 

 

 

 

 

 

 

 

3

 

4

..................................................................................................................Sales tax due (multiply line 1d by line 3)

 

 

 

 

4

$

5Is the amount on line 1d lower than fair market value?

*

 

 

Yes (seller/donor must complete Section 6)

 

No (sign certification below)

 

N/A (Sale of boat for more than $230,000)

Tax rate note: For a motor vehicle, trailer, boat, or boat/trailer combination use the tax rate of the new owner's place of residence. If the purchaser is a resident in two

or more counties in the state, use the rate in effect in the place where the motor vehicle, trailer, boat, or boat/trailer combination will be principally used or garaged. If the new owner is a business, use the tax rate of the place of business. If the business has locations in two or more counties in the state, use the rate in effect in the place where the motor vehicle, trailer, or boat will be principally used or garaged. For an ATV or snowmobile, use the higher rate of where the new owner took delivery, or where the vehicle is stored or used if new owner has a residence in storage/use locality.

Purchaser certification I certify that the above statements are true and complete; and I make these statements with the knowledge that willfully issuing a false or fraudulent statement with the intent to evade tax is a misdemeanor under Tax Law section 1817(b), and Penal Law section 210.45, punishable by a fine up to $10,000 for an individual and $20,000 for a corporation.

Signature

Date

If this form is submitted by someone other than the new owner/lessee, provide the following:

Name/business name

Social security number, TIN, or federal EIN

Address

Section 6 Affidavit of sale or gift of a motor vehicle, trailer, ATV, vessel (boat), or snowmobile

The seller or donor must complete if:

the motor vehicle is a gift to a person other than a spouse, parent, child, stepparent, or stepchild

the motor vehicle is sold below fair market value to a person other than a spouse, parent, child, stepparent, or stepchild

the trailer, ATV, boat, or snowmobile is a gift

the trailer, ATV, boat, boat/trailer combination, or snowmobile is sold below fair market value

6 Cash payment received

6

$

7If, as a condition for the sale or gift of the vehicle or boat, the purchaser/recipient did any of the following in addition to, or in lieu of, a cash payment, mark an X in the appropriate box and indicate the value of the service or goods you received.

Value

a Performed any service

Yes

No

7a $

b Assumed any debt

Yes

No

7b $

c Traded/swapped a vehicle or other property

Yes

No

7c $

d Total selling price (total of lines 6, 7a, 7b and 7c)

 

 

 

 

 

7d $

8Complete only if a corporation or business is the seller/donor

a

Was or is the purchaser/recipient an employee, officer, or stockholder of the company/corporation?

Yes

b

Was the transaction part of any terms of employment, employment contract, or termination agreement?

Yes

9If you answered Yes to any part of line 7 or line 8, provide an explanation:

No No

Seller/Donor certification I have reviewed the information on Form DTF-802 and I certify that the statements are true and complete. I make these statements with the knowledge that willfully issuing a false or fraudulent statement with the intent to evade tax is a misdemeanor under Tax Law section 1817(b) and Penal Law section 210.45 punishable by a fine up to $10,000 for an individual and $20,000 for a corporation.

Signature

Name (printed or typed)

Date

Privacy notification – See our Web site at www.tax.ny.gov or Publication 54, Privacy Notification.

File Breakdown

Fact Name Description
Form Purpose The BOS DTF-802 form is used for tax reporting in specific situations, primarily related to sales and use tax in New York State.
Governing Law This form is governed by New York State Tax Law, particularly under Title 11 of Article 28.
Submission Requirement Businesses are required to submit this form depending on their sales tax obligations and filing status.
Tax Identification The form requests a taxpayer identification number, ensuring proper identification of the entity involved.
Use Case Commonly utilized for purchases involving certain exemptions from sales tax, such as certain goods or services.
Form Availability The BOS DTF-802 form can be accessed online through the New York State Department of Taxation and Finance website.
Filing Method Forms can typically be filed electronically or printed and mailed, depending on the specific instructions provided by the state.
Record Keeping Taxpayers are advised to keep copies of the form and any documentation for at least three years for audit purposes.
Common Mistakes Failing to complete all required sections or providing incorrect tax ID information can lead to processing delays.
Deadline There are specific deadlines for submitting the BOS DTF-802 form, which align with the taxpayer's overall filing requirements.

Guide to Using BOS DTF-802

Filling out the BOS DTF-802 form is an important process that individuals and businesses may need to complete for various administrative reasons. Following the right steps will help ensure accuracy and completeness, ultimately aiding in a smooth submission process. Here’s how you can fill out the form correctly.

  1. Obtain the Form: Start by securing a copy of the BOS DTF-802 form from the official website or relevant authority. Make sure you are using the most current version.
  2. Read the Instructions: Review all accompanying instructions carefully. They provide essential details on what information is required and guide you on how to complete the form properly.
  3. Fill in Your Personal Information: Enter your full name, address, and contact information in the designated sections. Ensure that all entries are accurate and legible.
  4. Provide Relevant Details: Supply any specific details requested on the form related to your circumstances. This may include financial information, dates, or references.
  5. Check for Additional Requirements: Some forms may require supporting documents. Gather and attach any necessary documents that the form might reference.
  6. Review Your Entries: Carefully go over the entire form to ensure all information is correct and complete. Look for any typos or missing details.
  7. Sign and Date the Form: Make sure to sign and date the form in the indicated area. This validates your submission.
  8. Submit the Form: Finally, follow the provided instructions for submitting the completed form. This could involve mailing it to a specific address or submitting it electronically.

After submission, you may want to keep a copy of the completed form for your records. Doing so helps maintain clarity in any future correspondence related to the matter at hand.

Get Answers on BOS DTF-802

What is the BOS DTF-802 form?

The BOS DTF-802 form is a document used in the business and tax sectors. It serves specific purposes related to tax obligations in certain contexts, often covering various types of tax assessments or credits.

Who needs to fill out the BOS DTF-802 form?

Typically, businesses or individuals involved in specific taxable activities must complete this form. This may include those who are filing for tax exemptions or seeking special treatment under certain tax regulations.

When is the BOS DTF-802 form due?

The due date for the BOS DTF-802 form generally aligns with your tax filing deadlines. For many, this is the same as their regular income tax filing deadline, but check the specific guidelines for your situation to be sure.

Where can I obtain the BOS DTF-802 form?

You can usually find the BOS DTF-802 form on the official website of your local tax authority or state’s department of taxation. It might also be available through tax preparation services or accountants.

How do I fill out the BOS DTF-802 form?

To fill out the form, start by gathering all necessary financial information related to your tax situation. Follow the instructions carefully, and ensure that you fill in all required fields accurately. You may want assistance from a tax professional if you find any section confusing.

Can I e-file the BOS DTF-802 form?

Some jurisdictions may allow e-filing for the BOS DTF-802 form, while others may require a paper submission. Check with your local tax authority to see what options are available to you.

What happens if I make a mistake on the BOS DTF-802 form?

If you realize you made a mistake after submitting the form, it’s important to correct it. You can typically do this by filing an amendment or correction form, depending on the guidelines provided by your tax authority.

Is there a fee associated with filing the BOS DTF-802 form?

Filing the BOS DTF-802 form itself may not incur a direct fee. However, if hiring a tax professional to assist you, there could be associated costs. Always check with your local tax authority for any potential fees related to your specific situation.

Where do I submit the BOS DTF-802 form?

The submission address for the BOS DTF-802 form depends on your local tax authority's guidelines. Generally, it may be submitted electronically through their online portal, by mail, or in person at designated offices.

What resources are available for help with the BOS DTF-802 form?

If you need help, consider these resources:

  • Online guides and FAQs from the tax authority's website.
  • Your tax preparer or accountant.
  • Workshops or seminars offered by local business organizations.
  • Dedicated support lines from the tax authority.

Common mistakes

When filling out the BOS DTF-802 form, individuals often encounter a variety of challenges that can lead to mistakes. One common error is neglecting to provide complete and accurate contact information. This includes not only names and addresses but also phone numbers and email addresses. Omitting these vital details can delay processing or lead to communication issues.

Another frequent mistake involves misunderstanding the requirements for supporting documentation. Applicants may not realize that specific forms of identification or proof of eligibility are necessary for their applications to be accepted. Missing documentation can result in considerable delays or even the outright rejection of an application.

People sometimes fail to thoroughly read the instructions accompanying the form. Skipping this crucial step can lead to incorrect or incomplete entries. Each section of the BOS DTF-802 has detailed guidelines that are designed to assist in accurate completion. Ignoring these can lead to errors that often prove costly and time-consuming to rectify.

Additionally, errors in financial information are quite common. Applicants might enter incorrect amounts or make mathematical errors when calculating totals. Such discrepancies can raise red flags during the review process, requiring additional clarification and potentially slowing down approval.

Moreover, individuals may not date their forms correctly. While this might seem trivial, submitting a form without a date can be seen as an incomplete submission. Every signature and each section should reflect the date of completion to ensure everything is processed smoothly.

Finally, many people overlook the final review stage before submitting their forms. Taking an extra moment to check for errors in spelling, grammar, and missing signatures can make a significant difference. A thorough final check helps to ensure that all requirements are met, reducing the likelihood of needing to resubmit the form.

Documents used along the form

The BOS DTF-802 form is an essential document used primarily for tax purposes, particularly concerning the sale or transfer of vehicles in New York State. In conjunction with this form, there are several other documents that often accompany it. Below is a list of some commonly used forms and documents that you may encounter when dealing with vehicle transactions.

  • Bill of Sale: This document serves as proof of the sale of a vehicle. It includes details such as the purchase price, the date of sale, and the information of both the buyer and the seller. A bill of sale protects both parties by clearly defining the terms of the transaction.
  • Title Certificate: The title certificate is a legal document proving ownership of the vehicle. When a vehicle is sold, the seller must transfer the title to the buyer. This involves signing the title and providing it to the new owner, enabling them to register the vehicle in their name.
  • Vehicle Registration Application: After acquiring a vehicle, the new owner must submit a registration application to their local Department of Motor Vehicles (DMV). This application includes information about the vehicle and the new owner, allowing them to legally drive the vehicle on public roads.
  • Odometer Disclosure Statement: Federal law requires that sellers disclose the vehicle’s odometer reading at the time of sale. This statement, often included with the title or bill of sale, certifies the mileage and helps protect against fraud regarding the vehicle’s condition and value.

Understanding these accompanying forms can significantly enhance the vehicle transfer process, ensuring that all legal requirements are met and that both the buyer and seller are adequately protected. It is always advisable to double-check with local regulations to ensure compliance and to gather all necessary documentation before finalizing any vehicle transaction.

Similar forms

The BOS DTF-802 form serves specific purposes within the realm of legal and financial documentation. There are several documents that share similarities with the BOS DTF-802 form, primarily in terms of function or information required. Here’s a list highlighting six comparable documents:

  • Form W-9: This form is used to provide your taxpayer identification number (TIN) to any entity that needs to report income paid to you, much like the BOS DTF-802 form, which records certain financial transactions.
  • Form 1099-MISC: Commonly issued to report payments made to non-employees, Form 1099-MISC, like the BOS DTF-802, ensures that financial transactions are documented accurately for tax purposes.
  • Form 4562: This document is utilized for claiming depreciation, similar to how the BOS DTF-802 may track the financial details of an asset over time.
  • Form 1040: The standard individual income tax return, this form, like the BOS DTF-802, collects extensive financial information for accurate reporting to tax authorities.
  • Schedule C: Used by sole proprietors to report income and expenses, Schedule C is closely aligned with the BOS DTF-802's focus on documenting individual business-related financial transactions.
  • Form 941: This quarterly tax return is used to report employment taxes and is similar to the BOS DTF-802 in its purpose of detailing financial obligations to government agencies.

Dos and Don'ts

When filling out the BOS DTF-802 form, it's essential to approach the task with care and attention to detail. Here’s a guide on what you should and shouldn’t do:

  • Do read the instructions thoroughly before you begin.
  • Do provide accurate information to avoid delays in processing.
  • Do double-check your calculations and amounts.
  • Do sign and date the form where required.
  • Don't leave any fields blank unless instructed to do so.
  • Don't use correction fluid on the form; it can lead to complications.

These tips can help ensure a smoother filing process and reduce the chances of any issues arising later on.

Misconceptions

The BOS DTF-802 form is often misunderstood. Below are eight common misconceptions about this form.

  1. It is only for property transfers. The BOS DTF-802 form serves multiple purposes, including certain tax exemptions and not just property transactions.
  2. Anyone can fill it out. Only individuals or entities with a vested interest in the property should complete this form to ensure accuracy and compliance.
  3. It is available only online. The BOS DTF-802 form can be obtained physically from certain government offices as well as online.
  4. Filing the form guarantees tax exemption. Submitting the BOS DTF-802 form does not automatically grant tax exemption; it must meet specific criteria.
  5. It does not require supporting documentation. Often, the submission of the form requires additional documents to verify claims made in the application.
  6. Once submitted, it cannot be altered. Corrections can be made, but they must follow the proper procedures set forth by the relevant authorities.
  7. The submission deadline is flexible. There are strict deadlines associated with filing the BOS DTF-802 form that must be adhered to.
  8. All states have the same requirements for this form. Each state has unique requirements and processes for the BOS DTF-802 form, so local laws must be considered.

Understanding these misconceptions can help individuals navigate the complexities associated with the BOS DTF-802 form more successfully.

Key takeaways

When filling out and using the BOS DTF-802 form, keep the following key points in mind:

  1. Ensure you have the latest version of the BOS DTF-802 form from the appropriate tax authority.
  2. Complete all required fields accurately. Missing information can delay processing.
  3. Review the instructions provided with the form. They offer essential guidance specific to your situation.
  4. Double-check all figures and calculations before submission. Errors can lead to complications.
  5. Submit the form by the designated deadline to avoid penalties or late fees.
  6. Keep a copy of your completed form for your records. This can be helpful in future discussions or audits.
  7. If you encounter difficulties, consider consulting a tax professional for assistance.
  8. Familiarize yourself with any changes in tax laws or rates that may affect the information you provide.
  9. Stay informed about the processing time. Understanding the timeline can help you plan accordingly.

Taking the time to carefully complete the BOS DTF-802 form can significantly impact your financial situation. Your attention to detail is crucial for a smooth process.