Instructions For Form Ct-1 - Supplement To Corporation Tax - New York State Department Of Taxation And Finance - 2012 Page 5
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5CT-1 (2012)
Page 5 of 5
Tax shelter penalties
Privacy notification
The Tax Law provides penalties for failure to disclose certain
The Commissioner of Taxation and Finance may collect and
transactions and related information regarding tax shelters and for
maintain personal information pursuant to the New York State Tax
the underpayment of taxes due to participation in these shelters.
Law, including but not limited to, sections 5-a, 171, 171-a, 287,
For more information, refer to TSB-M-05(2)C, Disclosure of Certain
308, 429, 475, 505, 697, 1096, 1142, and 1415 of that Law; and
Transactions and Related Information Regarding Tax Shelters.
may require disclosure of social security numbers pursuant to
42 USC 405(c)(2)(C)(i).
Voluntary Disclosure and Compliance
This information will be used to determine and administer tax
Program
liabilities and, when authorized by law, for certain tax offset and
exchange of tax information programs as well as for any other
The Voluntary Disclosure and Compliance Program provides
lawful purpose.
relief from certain penalties and criminal prosecution to eligible
taxpayers who come forward and reveal previously undisclosed
Information concerning quarterly wages paid to employees
liabilities. For more information, see TSB-M-08(11)C, Voluntary
is provided to certain state agencies for purposes of fraud
Disclosure and Compliance Program.
prevention, support enforcement, evaluation of the effectiveness
of certain employment and training programs and other purposes
Your rights under the Tax Law
authorized by law.
The Taxpayer Bill of Rights requires, in part, that the Tax
Failure to provide the required information may subject you to civil
Department advise you, in writing, of your rights and obligations
or criminal penalties, or both, under the Tax Law.
during an audit, when you appeal a departmental decision, and
This information is maintained by the Manager of Document
when your appeal rights have been exhausted and you need to
Management, NYS Tax Department, W A Harriman Campus,
understand enforcement capabilities available to the department to
Albany NY 12227; telephone (518) 457-5181.
obtain payment. For a complete copy of the information contained
in all of these statements, you may obtain Publication 131, Your
Rights and Obligations Under the Tax Law, by visiting our Web site
or by calling (see Need help?).
Need help?
Visit our Web site at
• get information and manage your taxes online
• check for new online services and features
Telephone assistance
Corporation Tax Information Center: (518) 485-6027
To order forms and publications:
(518) 457-5431
Text Telephone (TTY) Hotline (for persons with
hearing and speech disabilities using a TTY): If you
have access to a TTY, contact us at (518) 485-5082.
If you do not own a TTY, check with independent
living centers or community action programs to find
out where machines are available for public use.
Persons with disabilities: In compliance with the
Americans with Disabilities Act, we will ensure
that our lobbies, offices, meeting rooms, and other
facilities are accessible to persons with disabilities. If
you have questions about special accommodations
for persons with disabilities, call the information
center.
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