New York State Tax Crackdown Requires Prompt Action on Past-Due Taxes

NEW YORK, Aug. 7, 2013 /PRNewswire/ -- On Monday, August 5, 2013, New York Governor Andrew Cuomo announced a new enforcement mechanism aimed at individuals who owe back taxes to New York State.  The measure, which applies to individuals with tax liabilities in excess of $10,000, allows the suspension of the New York State driver's license for individuals who do not fully pay or establish payment plans covering their tax liabilities.  Driving with a suspended license could result in arrest and fines.

"Taxpayers who receive suspension notices from New York State and others with outstanding back taxes should take quick action," said Rachel Partain, Of Counsel at Caplin & Drysdale.  "We know from experience that Department of Taxation and Finance is willing to work with taxpayers in resolving tax liabilities or establishing payment plans."

Anyone who has an outstanding tax liability with New York State should promptly contact their attorney to seek a solution that prevents the suspension of their driver's license.  The New York State Department of Taxation and Finance initially will be sending suspension notices to approximately 16,000 taxpayers.  If a taxpayer does not make payment arrangements within 60 days, a second notice will be sent providing an additional 15 days before the driver's license is suspended. 

About Caplin & Drysdale

For more than 45 years, Caplin & Drysdale has been a leading provider of a full range of tax, tax controversy, and related legal services to companies, organizations, and individuals throughout the United States and around the world. With offices in New York City and Washington, DC, the firm also provides counseling on matters relating to bankruptcy, creditors' rights, exempt organizations, employee benefits, private client services, corporate law, white collar defense, complex litigation, and political activity.  For more information, please visit us at www.caplindrysdale.com.

Disclaimer

This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

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© 2013 Caplin & Drysdale, Chartered

All Rights Reserved.

CONTACT: 

Rachel L. Partain – 212.379.6071


Mark D. Allison – 212.379.6060


Pete A. Lowy – 212.379.6050


Zhanna A. Ziering – 212.379.6075  

 

SOURCE Caplin & Drysdale



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