| Each state in the union has different tax codes and | | | | series of monthly payments but it does carry Interest |
| rules and if you owe New York back taxes you need | | | | and Penalties. You will need to do a financial statement |
| to understand your options are available if you cannot | | | | in order to prove hardship to the State. When ready, |
| pay or you cannot file in time. New York, unlike the IRS, | | | | have your tax bill with you, taxpayer ID, and four digit |
| doesn't provide as many options but they are present. | | | | pin (on your bill) and call 518-457-5434. Do not ignore |
| What If You Can't File In Time? | | | | the State and not pay because then tax liens and |
| First, let's talk about filing. If you are stuck with realizing | | | | other enforcements could come. Be ready to pay by |
| that you cannot file in time you can request a 3 month | | | | ACH (direct debit), or credit card. |
| extension with form CT-5.9 or use Form IT-370 for an | | | | Don't ignore the state and not file or pay at all as then |
| automatic six month extension. Realize, that this is not | | | | Tax Warrants will be issued, which will result in a tax |
| an extension to pay the estimated tax but to file. You | | | | lien being filed against you meaning you will have |
| will still need to send payment by the original due date | | | | trouble borrowing and selling any assets and destroy |
| of the return. You can get a longer extension if you | | | | your credit. |
| live outside the US (including Puerto Rico). If you were | | | | If you are having difficulty filing or paying the State of |
| recently separated, then you and your ex-spouse | | | | NY, or you feel you want to try to settle with the |
| must file. | | | | State of the NY it is not the end of the world and if |
| What If You Can't Pay In Time? | | | | you use a tax professional to state your case for you. |
| Second, if you cannot in time or the full amount, then | | | | Chances are you will come out of it with more money |
| you can request an Installment Agreement from the | | | | than you thought. Where people mess up is when they |
| State of NY so it be it that you have a good past | | | | panic and just fork over the amount the state tells |
| record of paying NY State taxes, you are not | | | | them to. That is foolish. They can make mistakes too |
| currently in an installment agreement, and your financial | | | | and it is your right to take them to task. Have a |
| condition is giving you "hardship." An Installment | | | | professional team of Attorneys, CPAs, and former |
| agreement will let you pay back the State over a | | | | IRS agents fight for you. |