N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 7-3.6
Current through Register Vol. 46, No. 45, November 2, 2024
(Tax Law, section 213-b(a) and (d))
Any amount of mandatory first installment paid must first be applied as payment of the first installment against the estimated tax for the current taxable year shown on the declaration required to be filed, and any amount remaining must be considered as a payment on account of the tax shown on the report required to be filed by the taxpayer for the current taxable year. If no declaration of estimated tax is required to be filed by the taxpayer, any amount of mandatory first installment paid will be considered as a payment on account of the tax shown on the report required to be filed by the taxpayer for the current taxable year.
N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 7-3.6