New York

General Instructions

The New York State Department of Taxation and Finance automatically grants a six month extension of time to file (IT-201 and Y-203, if applicable) until October 15, 2008 with the submission of Form IT-370.

To avoid penalties you must pay at least 90% of your current year tax liability on or before April 15, 2008 and submit the balance with your New York return(s) by October 15, 2008.

Penalty and Interest Charges on Tax Owed:

Interest will be charged on income tax that is not paid on or before the due date of your return, even if you received an extension of time to file your return. Interest is compounded daily and the rate is adjusted quarterly.

In addition you may be subject to the following penalties:

• Late Payment. If you do not pay your tax liability when due (determined with regard to any extension of time to pay), you will have to pay a penalty of 0.5% of the unpaid amount for each month or part of a month it is not paid, up to a maximum of 25%.
• Late Filing Penalty. If you do not file on time, you will have to pay a penalty of 5% of the tax due for each month, or part of a month, the return is late, up to a maximum of 25%.

If You Owe...

If you owe additional New York Income Taxes you may pay your estimated balance due in the following ways:

1. Prepare an Application for Automatic Extension Form IT-370 (click here to download PDF)
2. Enclose a check or money order along with the entire form.
3. Mail to:
   Extension Request
   PO Box 4125
   Binghamton, NY 13902-4125

New York accepts payment by credit card through Official Payments Corporation. Making your payment in this way automatically qualifies you for an extension of time to file your tax return until October 15, 2008. You will not need to file any other forms at this time. You can do this either on the web or by telephone.

Official Payments Corporation will accept Discover/NOVUS, MasterCard, Visa or American Express card to pay your personal income taxes. There is a convenience fee for this service equal to 2.5% of the tax amount being charged. The minimum fee is $1.00.

To make your payment and receive an automatic extension of time to file, have the following information ready:

• New York - Income Tax Extension Payment
• The amount you are paying in dollars and cents
• Your social security number
• Your spouse's social security number (if applicable)
• The first four letters of your last name
• The first four letters of your spouse's last name, if different from yours
• Tax year 2007
• Your home telephone number (including area code)
• Credit card number
• Credit card expiration date (MM/YYYY)
• ZIP Code for the address where your credit card bills are sent

Make your payment at the Official Payments Corp. web site.

Use your touch-tone phone to call toll-free (800) 272-9829. At the end of your call you will be given a confirmation number. Write down and save this confirmation number for your records

If You Do Not Owe...

If you do not owe any additional New York taxes, or are expecting a refund, you can obtain an automatic extension to file your 2007 return in the following ways:

1. Prepare a New York Extension Form IT-370 ( click to download PDF )
2. Mail to:
   Extension Request - NR
   PO Box 4125
   Binghamton, NY 13902-4125

Download Extension Form(s)

New York

Extension for tax year 2007