Tax debt deals ready as New York state seeks revenues State expands relief plans, discounts for delinquents to collect more revenue By RICK KARLIN Capitol bureau Published 12:46 a.m., Saturday, September 17, 2011
ALBANY -- Help is on the way for New Yorkers who owe state taxes but can't pay.
The state Department of Taxation and Finance has broadened the scope of its Offer in Compromise program, which sets up discounts and payment schedules to help people catch up.
"The global economic downturn has made it more important than ever for government to provide more flexible payment options," Tax Commissioner Thomas Mattox said.
The change should help hard-pressed people who owe back taxes, and it could reduce the state's mammoth backlog in unpaid taxes, which by some estimates could top $4 billion.
The Offer in Compromise program has long been available to people who have declared bankruptcy or who were deemed insolvent.
Now, New Yorkers who have "severe economic hardship" can request tax relief too. Joblessness or overwhelming medical bills are weighed..........................>>>>................>>>>...............Read more: http://www.timesunion.com/loca.....71.php#ixzz1YJP8qbs6
With more than one million participants, the System is the second largest retirement system in the nation, and the third largest in terms of asset value. Significantly, while the average public retirement system administers eight plans, the System has more than 150. The System offers retirement benefits for members who reach specific ages or have completed a specified number of years of service, depending on the system and plan in which they are enrolled. At the end of fiscal year 2008-09, there were a total of 1,046,086 members, retirees and beneficiaries, and 3,026 participating employers.
oh yeah we're screwed
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Logged
