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i own a retail busines in ny state. my busines bank acct was seized by ny state dept taxation and finance. i owe w penatlies and interest approx 13k. i am curent on my sales tax filings and my payments for last two qurters were on time and paid in full this is for my past taxes from 2011. any way what money do they seize from my acct. just the money the day it was seized or if i keep putting money in do they get that also? i have been trying to get a whole of the tax dept. however they havnt called me back. i actualy been trying to get them but the dept just has a answering machine so i dont even get a human being help
Optional Information: State/Country relating to question: New York
Hello, I'm sorry to hear about your situation. NY can seize any money that you deposit into the account until the tax liability is paid in full. The Tax Commissioner may authorize the release of a levy or return seized property to you if:- The levy or seizure creates undue hardship- They didn't follow proper procedures- You have an installment payment agreement that provides for the release of the lien- it will help us collect the amount due or is in the best interest of both the taxpayer and the statehttp://www.tax.ny.gov/tra/collection_process.htmBelow is a link with more details and in that link will show the steps to set up an installment agreement to work through this debt. I hope this clarifies your question. If you need further clarification before you rate my answer, please don't hesitate to ask. Your positive rating is what I strive for. Regards Dave
Experience: Vast knowledge within the accounting/tax industry