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Desperate for Dollars - New York State Announces Taxpayer Amnesty Program

Release Date: February 10, 2010

New York's annual multi-billion dollar tax gap - the difference between taxes owed and taxes collected - has led the State to increase enforcement and encourage payment and compliance through its tax incentive programs. The Penalty and Interest Discount Program ("PAID") and the Voluntary Disclosure and Compliance Program are currently available for delinquent taxpayers, but time is of the essence with PAID.

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If you have any questions, please contact Nicole R. Tzetzo at 716.843.3859 or ntzetzo@jaeckle.com, Raymond P. Reichert at 716.843.3886 or rreichert@jaeckle.com or Paul A. Battaglia at 716.843.3951 or pbattaglia@jaeckle.com.

This Jaeckle Alert, prepared by the attorneys at Jaeckle Fleischmann & Mugel, LLP, is intended for general information purposes only and should not be considered legal advice or an opinion on specific facts. For more information on these issues, contact one of the attorneys listed above or your existing Firm contact. Prior results do not guarantee a similar outcome. The invitation to contact is not a solicitation for legal work in any jurisdiction in which the contacted attorney is not admitted to practice. Any attorney/client relationship must be confirmed in writing.