N.Y. Comp. Codes R. & Regs. tit. 20, § 158.10 – Power to require New York State information returns. | Midpage
§ 158.10
N.Y. Comp. Codes R. & Regs. tit. 20, § 158.10
Power to require New York State information returns.
Department of Taxation and Finance
(a) The Department of Taxation and Finance may, in its discretion, require the filing of New York State information returns at any time with respect to any amounts it deems necessary to enforce the provisions of article 22 of the Tax Law.
(b) The Department of Taxation and Finance may grant authorization to file any information returns required pursuant to this section on magnetic media. Persons granted such authorization must comply with the instructions and requirements of the Department of Taxation and Finance with respect to filing such information returns on magnetic media. Failure to comply with such instructions and requirements may subject such person to penalties and/or additions to tax (see section 685 of the Tax Law).