What is the New York State Department of Taxation and Finance?
The New York State Department of Taxation and Finance is a principle agency of the New York. Headquartered in the W. Averell Harriman State Office Building Campus in Albany, the New York State Department of Taxation and Finance is responsible for administering, handling and evaluating all tax forms and publications that are processed in the state. Additionally, the New York State Department of Taxation and Finance is also responsible for dispersing tax revenues to other agencies and county governments within the state of New York.
The New York State Department of Taxation and Finance is the government agency responsible for administering and enforcing the tax laws of New York. As a result of this responsibility, the New York State Department of Taxation and Finance can be compared to the Internal Revenue Service (IRS), the main difference being that the IRS coordinates and administers all tax filings for the federal tax system, while the NYSDTF is responsible for upholding the tax laws of New York
By accessing the New York State Department of Taxation and Finance’s website, an individual can evaluate and review the particular tax laws of New York. Furthermore, the website which can be accessed at https://www.tax.ny.gov/, will supply a user with the department’s comprehensive strategy in regards to how the state will implement their tax laws as well as use the dollars acquired through the levy.
Rules of the New York State Department of Taxation and Finance:
The New York State Department of Taxation and Finance operates under a comprehensive list of stringent rules, which are established by New York’s Public Officer of Law. The New York State Department of Taxation and Finance must adhere to such rules to ensure the proper administration of their particular function. Additionally, all employees of the department must legally and correctly file their individual taxes with the state or else they will be subject to termination.
Important New York State Department of Taxation and Finance Forms:
• POA-1(Power of Attorney Tax Form)
• IT-150 (Resident Short Form for state income taxes)
• IT-201 (Resident Long Form)
• IT-150/201 (basic Instruction Pamphlet)
• IT-203 (Non-resident of New York Form)
• IT-203 (Instruction Pamphlet for non-residents)
All forms can be downloaded by accessing the New York State Department of Taxation and Finance’s website.
