Form Et-415 - Application For Deferred Payment Of Estate Tax (Page 3 of 3) in pdf

ET-415 (2/11) Page 3 of 3

If the executor did not elect to pay the tax on the closely held

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business in installments, he or she has 60 days after the issuance

of a notice and demand to make an election to pay the deficiency in

installments. If a federal estate tax return is required, the executor

Internet access:

must also elect to pay the federal deficiency in installments.

(for information, forms, and publications)

Line 7 – Amount of annual installment of tax — Divide the

amount on line 6 by the number of annual installments elected (that

Telephone assistance is available from 8:30

A.M.

is, two or more equal annual installments, not to exceed 10).

4:30

(eastern time), Monday through Friday.

P.M.

Line 8 – Amount of tax not deferred — Include the amount of

Estate Tax Information Center:

(518) 457-5387

tax that is not eligible for deferral, the amount of tax that the estate

chooses not to defer, and the amount of a deficiency allocated to

To order forms and publications:

(518) 457-5431

payments that are due.

Text Telephone (TTY) Hotline (for persons with

The Tax Department will bill for the annual installment of interest, or

hearing and speech disabilities using a TTY):

tax plus interest.

If you have access to a TTY, contact us at

(518) 485-5082. If you do not own a TTY, check

The estate of an individual whose date of death is before

with independent living centers or community

January 1, 1998, had until July 1, 1999, to elect to have the

action programs to find out where machines are

4% interest rate reduced to 2% on the balance of payments subject

available for public use.

to the 4% rate.

Persons with disabilities: In compliance with the

Paid preparer’s responsibilities

Americans with Disabilities Act, we will ensure

Under the law, all paid preparers must sign and complete the paid

that our lobbies, offices, meeting rooms, and

preparer section of the return. Paid preparers may be subject to civil

other facilities are accessible to persons with

and/or criminal sanctions if they fail to complete this section in full.

disabilities. If you have questions about special

accommodations for persons with disabilities, call

When completing this section, you must enter your New York tax

the information center.

preparer registration identification number (NYTPRIN) if you are

required to have one. Also, you must enter your federal preparer tax

identification number (PTIN) if you have one; if not, you must enter

your social security number.

Fee for payments returned by banks

The law allows the Tax Department to charge a $50 fee when a

check, money order, or electronic payment is returned by a bank

for nonpayment. However, if an electronic payment is returned as

a result of an error by the bank or the department, the department

won’t charge the fee.

If your payment is returned, we will send a separate bill for $50 for

each return or other tax document associated with the returned

payment.

Privacy notification

The Commissioner of Taxation and Finance may collect and

maintain personal information pursuant to the New York State Tax

Law, including but not limited to, sections 5-a, 171, 171-a, 287,

308, 429, 475, 505, 697, 1096, 1142, and 1415 of that Law; and

may require disclosure of social security numbers pursuant to

42 USC 405(c)(2)(C)(i).

This information will be used to determine and administer tax

liabilities and, when authorized by law, for certain tax offset and

exchange of tax information programs as well as for any other

lawful purpose.

Information concerning quarterly wages paid to employees

is provided to certain state agencies for purposes of fraud

prevention, support enforcement, evaluation of the effectiveness

of certain employment and training programs and other purposes

authorized by law.

Failure to provide the required information may subject you to civil

or criminal penalties, or both, under the Tax Law.

This information is maintained by the Manager of Document

Management, NYS Tax Department, W A Harriman Campus,

Albany NY 12227; telephone (518) 457-5181.

Form Et-415 - Application For Deferred Payment Of Estate Tax Page 3

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