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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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- New York $20K threshold for installment plans
New York $20K threshold for installment plans
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Level 5
12-12-2021
09:05 AM
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Hi, is anyone familiar with the $20K limit on requesting an installment plan from New York State? I have a few questions:
1. Is the $20K for the taxes portion only or does it include interest and penalties? So, if the taxpayer owes $18,000 in taxes and $3,000 in I&P - can they get an installment plan?
2. If, for each year, they owe under $20K but the total for multiple years goes over $20K, can they get an installment plan?
Thank you.
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