Instructions For Form Ct-1 - Supplement To Corporation Tax Instructions

Page 4 of 5 CT-1 (2014)

• Form CT-5.4, Request for Six-Month Extension to File New York

for nonpayment. However, if an electronic payment is returned as

S Corporation Franchise Tax Return

a result of an error by the bank or the department, the department

will not charge the fee. If your payment is returned, we will send

• Form CT-5.9, Request for Three-Month Extension To File (for

a separate bill for $50 for each return or other tax document

Article 9 tax return, MTA surcharge, or both)

associated with the returned payment.

• Form CT-5.9-E, Request for Three-Month Extension to File

Reporting requirements for tax shelters

Form CT-186-E

Benefits of Web filing include:

The Tax Law requires taxpayers to report information about

transactions that present the potential for tax avoidance (tax

• direct payment from your bank account or by ACH credit

shelters). There are separate reporting requirements for those who

• instant confirmation

use tax shelters and for those who promote the use of tax shelters.

For the most recent information on these reporting requirements,

For more information, visit our Web site and select the corporation

visit our Web site.

tax Web File option.

Form CT-200-V, Payment Voucher for

Tax shelter penalties

E-Filed Corporation Tax Returns and

The Tax Law provides penalties for failure to disclose certain

Extensions

transactions and related information regarding tax shelters and for

the underpayment of taxes due to participation in these shelters.

This form is a payment voucher for taxpayers who e-file their forms

For more information, refer to TSB-M-05(2)C, Disclosure of Certain

but cannot e-pay and need to pay with a paper check or money

Transactions and Related Information Regarding Tax Shelters.

order. Form CT-200-V is for use only for returns or extensions that

were e-filed and should never accompany a paper-filed return.

Voluntary Disclosure and Compliance

Program

Collection of debts from your refund or

overpayment

The Voluntary Disclosure and Compliance Program provides

relief from certain penalties and criminal prosecution to eligible

We will keep all or part of your refund or overpayment if you owe

taxpayers who come forward and reveal previously undisclosed

a past-due, legally enforceable debt to a New York State agency,

liabilities. For more information, see TSB-M-08(11)C, Voluntary

or if you owe a New York City tax warrant judgment debt. We may

Disclosure and Compliance Program.

also keep all or part of your refund or overpayment if you owe a

past-due legally enforceable debt to another state, provided that

Your rights under the Tax Law

state has entered into a reciprocal agreement with New York State.

If we keep your refund or overpayment, we will notify you.

The Taxpayer Bill of Rights requires, in part, that the Tax

Department advise you, in writing, of your rights and obligations

A New York State agency includes any state department, board,

during an audit, when you appeal a departmental decision, and

bureau, division, commission, committee, public authority, public

when your appeal rights have been exhausted and you need to

benefit corporation, council, office, or other entity performing

understand enforcement capabilities available to the department to

a governmental or proprietary function for the state or a social

obtain payment. For a complete copy of the information contained

services district. We will refund or apply as an overpayment any

in all of these statements, you may obtain Publication 131, Your

amount over your debt.

Rights and Obligations Under the Tax Law, by visiting our Web site

or by calling (see Need help?).

The Tax Department is authorized to charge the taxpayer, as part

of the taxpayer’s tax debt, any cost or fee imposed or charged by

the United States, or any state, for the payment or remittance of a

Need help?

taxpayer’s overpayment to satisfy a New York State tax debt.

If you have any questions about whether you owe a past-due,

Visit our Web site at

legally enforceable debt to a state agency, or to another state,

• get information and manage your taxes online

or whether you owe a New York City tax warrant judgment debt,

• check for new online services and features

contact the state agency, the other state, or the New York City

Department of Finance.

Telephone assistance

For New York State tax liabilities only, call (518) 457-5434 or write

to: NYS Tax Department, Civil Enforcement Division, W A Harriman

Corporation Tax Information Center: (518) 485-6027

Campus, Albany NY 12227-4000.

To order forms and publications:

(518) 457-5431

More collection options for New York State

If you owe unpaid debt to New York State, we may collect your

Text Telephone (TTY) Hotline (for persons with

debt by taking money from, or offsetting, payments owed you

hearing and speech disabilities using a TTY): If you

by the federal government or by another state. Reciprocal offset

have access to a TTY, contact us at (518) 485-5082.

agreements also allow the federal government, as well as other

If you do not own a TTY, check with independent

states, to collect delinquent non-tax debt by offsetting payments

living centers or community action programs to find

owed you by New York State.

out where machines are available for public use.

Lottery prizes applied against tax liabilities — As a result of

matching names of those owing tax liabilities to New York against

Persons with disabilities: In compliance with the

the names of those winning lottery prizes in excess of $600, the

Americans with Disabilities Act, we will ensure

Tax Department may automatically apply all or part of the lottery

that our lobbies, offices, meeting rooms, and other

prize against any outstanding liabilities for taxes we administer.

facilities are accessible to persons with disabilities. If

you have questions about special accommodations

Fee for payments returned by banks

for persons with disabilities, call the information

center.

The law allows the Tax Department to charge a $50 fee when a

check, money order, or electronic payment is returned by a bank

Instructions For Form Ct-1 - Supplement To Corporation Tax Instructions - 2014 Page 4

Related Articles

Related forms

Related Categories