The New York Worksheet/Checklist for Compromise Applications is a set of documents used by the New York State Department of Taxation and Finance to evaluate taxpayers’ requests for a Compromise of Tax Liability. The Worksheet/Checklist helps the Department to determine whether a compromise is appropriate and feasible for the taxpayer. The Worksheet/Checklist is divided into two main sections: the taxpayer’s financial condition and the taxpayer’s history of dealing with the Department. The financial condition section asks for information about the taxpayer’s assets, liabilities, income, and expenses. The history section asks about prior contacts with the Department, prior payment plans, and other relevant information. The New York Worksheet/Checklist comes in two forms: the Individual Compromise Worksheet/Checklist and the Business Compromise Worksheet/Checklist. The Individual Compromise Worksheet/Checklist is used for individuals, while the Business Compromise Worksheet/Checklist is used for businesses. Both forms ask for similar information, but may require different documents or additional information depending on the taxpayer’s specific situation. Once the Worksheet/Checklist has been completed, the taxpayer must submit it to the Department along with any supporting documentation. The Department will review the information and make a determination on whether the compromise is appropriate and feasible.
The New York Worksheet/Checklist for Compromise Applications is a set of documents used by the New York State Department of Taxation and Finance to evaluate taxpayers’ requests for a Compromise of Tax Liability. The Worksheet/Checklist helps the Department to determine whether a compromise is appropriate and feasible for the taxpayer. The Worksheet/Checklist is divided into two main sections: the taxpayer’s financial condition and the taxpayer’s history of dealing with the Department. The financial condition section asks for information about the taxpayer’s assets, liabilities, income, and expenses. The history section asks about prior contacts with the Department, prior payment plans, and other relevant information. The New York Worksheet/Checklist comes in two forms: the Individual Compromise Worksheet/Checklist and the Business Compromise Worksheet/Checklist. The Individual Compromise Worksheet/Checklist is used for individuals, while the Business Compromise Worksheet/Checklist is used for businesses. Both forms ask for similar information, but may require different documents or additional information depending on the taxpayer’s specific situation. Once the Worksheet/Checklist has been completed, the taxpayer must submit it to the Department along with any supporting documentation. The Department will review the information and make a determination on whether the compromise is appropriate and feasible.
