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DTF664Department of Taxation and FinanceTax Shelter Disclosure for Material Advisors Tax Law Article 1, Section 25(b)(1)Material advisors nameEmployer identification number (EIN) or social security.

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The New York State Department of Taxation and Finance cannot collect on you forever. Generally, the NYS Tax Department will have 20 years to collect a liability from the date that the tax liability has been warranted.

New York State generally has a three-year statute of limitations on their right to impose additional tax due [ generally, three years after you filed your income tax return].

If you're unable to pay your tax bills in full, you may qualify for an installment payment agreement (IPA). With an IPA, you'll make monthly payments toward your unpaid tax balance. What you need to know: You must have a bill before you can request an IPA .

If you do not pay your tax when due, we will charge you a penalty in addition to interest. The penalty may be waived if you can show reasonable cause for paying late. The penalty charge is: 0.5% of the unpaid amount for each month (or part of a month) it is not paid, up to a maximum of 25%

Private Debt Collection for New York State Back Taxes If you have unpaid taxes, the state can send your file to a private debt collection company. The Department of Taxation and Finance will send you letter DTF-975.1) to alert you that your account has been referred for private collections.

New York State Tax Law generally places a three-year statute of limitations on our right to assert additional tax due (generally, three years after your return was filed).

New York State tax warrants expire after 20 years. Importantly, the statute of limitations period starts to run on the first day a tax warrant could have been filed by the Tax Department, not when the warrant was actually filed.

The closest thing you can get to NYS tax forgiveness is to make an Offer in Compromise, which can still settle the debt for a fraction of the original tax debt.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
NY DTF-664
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