N.Y. Comp. Codes R. & Regs. tit. 20 § 416.4

Current through Register Vol. 46, No. 45, November 2, 2024

Section 416.4 - Failure to pay the tax due to fraud

Tax Law, § 289-b(1) (d)

(a) In lieu of the penalties described in section 416.1 and the interest described in section 416.6 of this Part, if the failure to pay any tax on or before the prescribed date for payment is attributable to fraud, the penalty and interest prescribed in section 289-b(1)(d) of the Tax Law will be added to the tax.

(b) The penalties and interest pursuant to this section are determined, assessed, collected and paid in the same manner as the taxes imposed by article 12-A of the Tax Law.

N.Y. Comp. Codes R. & Regs. Tit. 20 § 416.4