Tax Types & Descriptions
New York City administers fourteen separate business income and excise taxes and works closely with New York State on the administration of additional City taxes that are actually collected by the State. Each has its own tax forms, rates, and filing deadlines.

Filing Information
All business taxes must be filed and paid by their statutory due dates, which vary depending on the tax type. Filing requirements and deadlines, tax rates, and other important compliance information are detailed in the descriptions of each tax type. Late filing or late payment will result in the accrual of interest and penalties.
 Business Tax Interest Rate Calculator
File Estimated Taxes Online with E-File

Voluntary Disclosure Program
Taxpayers who owe back tax, interest, and/or penalties may come forward at any time to pay, in full, what they owe.  However, a taxpayer (or taxpayer's representative) who contacts the Department of Finance before filing delinquent returns and requests a written commitment of how penalties will be treated and/or which periods the taxpayer is required to file is considered to be requesting participation in the Voluntary Disclosure Program.  The advantage to the taxpayer of participating in Voluntary Disclosure is that Finance may agree to waive some or all penalties and/or require tax payments for some periods and not others.

Settlement Procedures (New York State)
The New York State Voluntary Compliance Initiative (VCI) allows taxpayers to report and pay underreported tax liabilities and interest attributable to the use of tax-avoidance transactions (commonly called "tax shelters"). The Department of Finance allows taxpayers who are participating in the VCI to report and pay underreported New York City tax liabilities and interest attributable to the tax-shelter transactions without incurring penalties or risking criminal prosecution in connection with those transactions. The City's program is called the New York City Settlement Procedures program.
FAQs about NYC Settlement Procedures
Finance Memorandum #05-7

Notices
Finance routinely sends taxpayers a variety of legally required notices, including those for tax due, late payment, and audit notification.

Appeals
Whenever a taxpayer is audited or applies for a refund, the taxpayer may not agree with the audit findings – either a finding of additional tax due or the rejection of the taxpayer’s claim to a refund. The taxpayer has several avenues of appeal within and outside of Finance, including an Exit Conference, Conciliation Conference, and a Tax Appeals Tribunal Hearing.

Refunds
A taxpayer may be due a refund if he/she claims overpayment of a particular business tax or if, as the result of a tax audit, overpayment is discovered. Each business tax, however, has its own refund form.

Finance Guidance
Finance offers a variety of print materials to assist the business taxpayer and tax practitioner with departmental procedures and to explain the department’s positions on tax laws and regulations. Examples include Finance Memoranda, Statements of Audit Procedure (SAPs), Letter Rulings, and Rule-Making Actions.
Business Income Tax Reports

Services
Finance can assist business taxpayers by changing the business name and address of record, providing copies of filed returns, issuing letter rulings, researching tax evasion or fraud, and providing links to other state and federal tax information.