Withholding tax penalties and interest for employers

As an employer, you could be subject to penalties and interest if you fail to:

• File returns using an electronic method
• File returns and make payments on time
• Withhold and remit proper amount due
• Report newly hired and rehired employees
• Keep adequate records
• Use the correct filing format
• File accurate wage reports
• Report accurate and complete withholding reconciliation information

For more information, see

• Publication NYS-50, Employer's Guide to Unemployment Insurance, Wage Reporting, and Withholding Tax
• Penalty and Interest Calculator
• Current interest rates

Unpaid tax debt programs

• Installment payment agreement
• Voluntary Disclosure and Compliance program - eligible taxpayers who owe unpaid taxes may be able to avoid monetary penalties and possible criminal charges.
• Offer in Compromise program - allows qualifying, financially distressed taxpayers the opportunity to put overwhelming tax liabilities behind them by paying a reasonable amount in compromise.

Resources

• Publication NYS-50, Employer's Guide to Unemployment Insurance, Wage Reporting, and Withholding Tax
• Withholding tax rate changes
• Withholding publications and guidance
• Withholding forms and instructions
• Jurisdiction/Rate Lookup by Address
• Wage reporting resources for withholding tax filers
• Guidance for employers affected by a W-2 phishing scheme
• Email subscription service

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