Magazine article The CPA Journal

New York State Installment Payment Plans

Magazine article The CPA Journal

New York State Installment Payment Plans

Article excerpt

The New York State Department of Taxation & Finance has issued Form DTF383, Income Tax Installment Payment Agreement Request for 1996, to make it easier for an individual that cannot pay his or her entire 1996 New York personal tax liability to arrange for an installment payment plan. This form is similar to IRS Form 9465, Installment Agreement Request, that has been in use for several years, however there are a number of differences.

There is no stated ceiling as far as how much 1996 New York tax a taxpayer may owe before becoming ineligible to request a payment plan by filing Form DTF-383. Payment plan requests exceeding 24 months, however, cannot be arranged by the filing of this form.

Form DTF-383 asks for a stated reason for requesting a payment agreement whereas IRS Form 9465 does not. NYS requires that the first month's payment be remitted along with the form prior to a payment plan being approved, while the IRS does not require a payment prior to granting a payment plan. …

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