NY State Balance Due

Forum|Forum|5 years ago
May 11, 2021
2 replies
11 views

Taxpayer asks if she can make one payment (50% of balance due) by electronic payment and 50% of balance due in 30 days. She has been informed that interest will be charged on outstanding balance after May 17th. How can this be set up in ProConnect?

ProConnect Tax - Ask an Expert

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IntuitJim

Level 5

The simple answer is no, the e-file system is not a bank that accepts installments. You can schedule estimated tax payments for the future year, but the prior year tax allows for 1 payment.

You have advised your client that the tax is due, and delaying results in P&I. You could make the payment thing work by filing for an extension, paying the 50% with the extension payment. Then come back later and file the return with the second 50% payment. While not recommended, this is a potential workaround.

J

JimmyO1Author

Level 2

Thank you. I understand.

J

jflinton

Level 2

The client can also make the payment directly on the NYS Tax website. It will require them to set up an Online Services . https://www.tax.ny.gov/pay/all/make_a_payment_section.htm

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