Statutory Guidelines [Appendix A(6) Revenue Procedure 93-34] regarding rules under which a designated settlement fund described in section 468B(d)(2) of the Internal Revenue Code or a qualified settlement fund described in section 1.468B-1 of the Income Tax Regulations will be considered "a party to the suit or agreement" for purposes of section 130.
Kings New York Revenue Procedure 93-34, also known as R.P. 93-34, is a crucial tax guideline issued by the Kings County, New York Department of Revenue. This revenue procedure outlines specific rules and requirements for taxpayers in Kings County, ensuring compliance with tax laws and regulations. R.P. 93-34 addresses various aspects of taxation, enabling taxpayers to understand their obligations and liabilities accurately. By following this procedure, individuals and businesses can avoid penalties, errors, and potential legal issues related to tax matters within Kings County. This revenue procedure encompasses numerous key topics, including but not limited to income tax filing and payment deadlines, allowable deductions and exemptions, sales tax regulations, property tax assessments, tax credits, and other important fiscal considerations. It provides detailed explanations, examples, and guidelines to facilitate proper tax reporting and payment processes. Moreover, R.P. 93-34 may include specific provisions related to specialized industries or sectors prevalent in Kings County, such as real estate, technology, healthcare, manufacturing, and more. These additional guidelines aim to address unique tax challenges faced by businesses operating within these industries. It is important to note that there are no different types or versions of Kings New York Revenue Procedure 93-34. However, the Department of Revenue may periodically update and revise the procedure to reflect changes in tax laws or to clarify certain provisions. Taxpayers must stay informed about any amendments or updates to ensure they remain compliant with the most recent guidelines. Overall, Kings New York Revenue Procedure 93-34 serves as a comprehensive and invaluable resource for taxpayers in Kings County, covering various tax-related aspects and providing essential guidance for accurate reporting and payment of taxes. Following this procedure helps individuals and businesses maintain a positive tax compliance status while minimizing the risk of audits and penalties.
