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


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
is, two or more equal annual installments, not to exceed 10).
(eastern time), Monday through Friday.
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
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.


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