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New York Payment Options

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Question
New York Payment Options

Answer

By automatic bank withdrawal
You can use OLTPRO to authorize the Tax Department to make an electronic funds withdrawal for the taxpayer.

File now/Pay later!

You must specify a future payment date up to and including April 15, 2014. If you file before April 15, money will not be withdrawn from your account before the date you specify. To avoid interest and penalties, you must authorize a withdrawal on or before the filing deadline. If you designate a weekend or a bank holiday, the payment will be withdrawn the next business day. See line 73 instructions.

By check or money order
If you owe more than one dollar, include full payment with your return. Make check or money order payable to New York State Income Tax and write your social security number and 2014 Income Tax on it. Do not send cash. You must submit Form IT-201-V if you are making a payment by check or money order. For additional information, see Form IT-201-V.

Fee for payments returned by banks The law allows the Tax Department to charge a $50 fee when a check, money order, or electronic payment is returned by a bank for nonpayment. However, if an electronic payment is returned as a result of an error by the bank or the department, the department won’t charge the fee. If your payment is returned, we will send a separate bill for $50 for each return or other tax document associated with the returned payment.

By credit card
You can use your American Express Cards7, Discover7/Novus7, MasterCard7, or Visa7 to pay the amount you owe on your New York State income tax return. You can pay your income taxes due with your return by credit card through the Internet. The credit card service provider will charge you a convenience fee to cover the cost of this service, and you will be told the amount before you confirm the credit card payment. Please note that the
convenience fee, terms, and conditions may vary between the credit card service providers. You can make your payment by credit card regardless of how you file your income tax return. For returns filed before the due date, you can make credit card payments any time up to the due date. For returns filed on or after the due date, you should make your credit card payment at the same time you file your return. Credit cards cannot be used to pay any tax due on an amended return. For additional information on the credit card payment program and the credit card service providers available for your use, go to our Web site. Follow the simple instructions to enter personal identifying information, the credit card number and expiration date, and the amount of the payment (line 70 of Form IT-203). Have a copy of your completed New York State income tax return available. You will be told the amount of the convenience fee that the credit card service provider will charge you to cover the cost of this service. At this point you may elect to accept or cancel the credit card transaction. If you accept the credit card transaction you will be given a confirmation number. Keep this confirmation number as proof of payment.

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Article Details
Views: 655 Created on: Jun 15, 2013
Date updated: Aug 24, 2015
Posted in: STATES, New York

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