New York Codes, Rules and Regulations › Title 20 - DEPARTMENT OF TAXATION AND FINANCE › Chapter IX - Procedural Regulations › Part 2397 - Electronic Funds Transfer Program For Certain Taxpayers Remitting Taxes Under And Pursuant To The Authority Of Articles 12-a, 13-a, 28 And 29 Of The Tax Law › Section 2397.4 - Payment methods

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				Taxpayers electing ACH debit.
(1) Taxpayers
				who are participating in the program who elect the ACH debit payment option
				must, on or before 6:00 p.m. (Eastern time) on the last business day before the
				applicable due date, report their tax payment for the applicable period by
				telephone or through the program's website to the electronic payment reporting
				system. (This is the case because there is a one-day lag between the date on
				which payment is authorized and the date on which the transfer is executed;
				i.e., funds are deducted from the taxpayer's bank account and transferred to
				the department's depository bank.) The electronic payment reporting system can
				be accessed using the toll-free number or through the program's website.
				Information on both methods will be provided to taxpayers as part of the
				notification and enrollment process.
(2)
(i)
				Prior to making its first payment of tax by ACH debit, a taxpayer must have
				furnished the department with the banking information necessary to generate ACH
				debits against its designated account. If a taxpayer's banking information
				changes after the first payment, the taxpayer must immediately inform the
				department of the changes to ensure timely payments. The method of changing
				information will be described in the program materials.
(ii) Upon reaching the electronic payment
				reporting system, the taxpayer will be asked for the unique password and access
				code provided to such taxpayer as part of the notification and enrollment
				process. The password, access code, identity of the taxpayer and choice of
				payment option will be verified, and after approval, the taxpayer will be
				granted access to the electronic payment reporting system. Upon accessing such
				system, the taxpayer will be asked to report the following information:
(a) payment amount;
(b) taxable period; and
(c) such other information as the department
				deems necessary for filing and payment reporting purposes.
If the taxpayer reports the above-enumerated information is
				  reported by telephone, the information will be verified over the telephone. If
				  the information is reported using the program's website, it will be verified by
				  the taxpayer online. Once the taxpayer agrees that all information reported is
				  correct, the taxpayer will be given a confirmation number for the
				  transaction.
(iii) Successful completion of the reporting
				of the required information to the electronic payment reporting system
				functions as an authorization for the payment of tax to be transferred to the
				department's depository bank.
(3) If a taxpayer utilizing the ACH debit
				payment option is not remitting a payment of tax for an applicable period, the
				taxpayer must, on or before 6:00 p.m. (Eastern time) on the last business day
				before the applicable due date, access the electronic payment reporting system
				to report a zero remittance for such period.