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Mandatory Electronic Taxes Taken Immediately....Instead of Filing as Usual
6/5/2012 | Me

Posted on 06/05/2012 3:23:49 PM PDT by NoGrayZone

Today, the small business I work for received a new NY state MANDATORY tax payment order.

We do our taxes quarterly and paid what is owed. We have received notice today since our "taxes" exceed $100,000 on a yearly basis, we are now FORCED to pay these taxes electronically & immediately.

We have no choice. I guess NY just can't wait for the check and is therefore seizing it in a nano-second.

I personally believe this is extortion. We pay our taxes, on time, always, never had a problem.

Now NY state is FORCING us to pay them, electronically, immediately with no representation.

Anyone else with a small business get them same?


TOPICS: Business/Economy; Constitution/Conservatism; Government; Your Opinion/Questions
KEYWORDS: mandatory; nannystate; ny; taxes
Is this happening elsewhere in any other blue state?
1 posted on 06/05/2012 3:23:59 PM PDT by NoGrayZone
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To: NoGrayZone

Leave.


2 posted on 06/05/2012 3:27:47 PM PDT by Jacquerie (No court will save us from ourselves)
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To: NoGrayZone

I’m retired, but I pay estimated taxes. I wonder how they’ll tighten that up to perk up their cash flow. My sympathies.


3 posted on 06/05/2012 3:28:21 PM PDT by Pearls Before Swine
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To: NoGrayZone

Just wait until the Blue state estimates what your taxes will be and forces you to pay them 90 days in advance by automatically deducting them from your bank account. Of course then there will be no way to adjust them if necessary to the correct amount 90 days later unless you owe more. And notice this will happen every day, not weekly or monthly or quarterly.


4 posted on 06/05/2012 3:29:05 PM PDT by ProudFossil (" I never did give anyone hell. I just told the truth and they thought it was hell." Harry Truman)
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To: NoGrayZone

They do it here in California-my neighbor has a small business and they have to file and or pay every 2 weeks or something like that.


5 posted on 06/05/2012 3:35:22 PM PDT by funfan
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To: NoGrayZone

Check and let us know if this is payroll or self employment tax because this doesn’t smell right. It’s not a profit until you take it, before then it’s just a surplus in your business bank account.

It’s quite easy to avoid. When times are good, keep upgrading your capital equipment. When times are lean, keep depreciating.


6 posted on 06/05/2012 3:41:55 PM PDT by Usagi_yo
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To: NoGrayZone
Every governmental unit is running out of money, so they are desperately seeking ways to get cash in the door sooner. I saw this start to happen a couple of years ago, I think it is only going to accelerate. For example:

1980s - Federal tax deposits made by check at your bank anytime up 5:00 on the due date.

1990s - Federal tax deposits had to be made by electronic transfer, first optionally, then mandatory. Transfer had to be started by the due date, but could clear afterwards.

Now - Federal tax deposits have to clear before 5:00 on the due date, so the payment has to be made before the due date.

Collection actions are much more aggressive as well, even for small amounts of money, like $500.00.

When you see a business desperate to get cash in the door you know they are in financial trouble. Would you do business with a subcontractor who told you "I'd love to do the job, but I need you to pay me 50% of the price in cash by 4:30 today..?" Maybe, but you'd know they were in perilous financial straits. Same for governments.

7 posted on 06/05/2012 3:42:10 PM PDT by freeandfreezing
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To: NoGrayZone

So, what is the negative influence for the State Government of New York to not do this? Absolutely nothing unless people start leaving the blue states in incredible numbers, these states will continue to rape their money makers.


8 posted on 06/05/2012 3:42:10 PM PDT by vetvetdoug
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To: Jacquerie

I’m thinking SC. It’s still red and I’d rather be on the offensive & protective front then on a constant defensive front.

I love my Long Island, Suffolk County, North Shore, to be exact. We were red once. My village is still red, but our surroundings.....eeeeeek!


9 posted on 06/05/2012 3:51:08 PM PDT by NoGrayZone (For evil to triumph it is only necessary for good men to do nothing.)
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To: Pearls Before Swine

Thanks =(.


10 posted on 06/05/2012 3:52:20 PM PDT by NoGrayZone (For evil to triumph it is only necessary for good men to do nothing.)
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To: ProudFossil
"by automatically deducting them from your bank account."

If only I had one.....

11 posted on 06/05/2012 3:54:00 PM PDT by NoGrayZone (For evil to triumph it is only necessary for good men to do nothing.)
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To: NoGrayZone

I am in California and I file electronically. I just got hit with two letters for penalties on my payroll taxes. I electronically filed and have documented proof that the State of California “accepted” my electronic payment on the day due but their position is that “accepted” does not mean monies transferred. On the second , I am being assessed a penalty( and interest) for “underpaying” my taxes even though the assessment letter shows I OVERPAID them by about $200.

I know what they are doing. They assume that I will rather pay the penalties then get my accountant involved since that cost will be much higher than my actual penalties and interest.

It aint’ going to work.


12 posted on 06/05/2012 3:56:27 PM PDT by Cyman
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To: NoGrayZone

You people(Hard headed Yankees) need to wake up and realize there is no fixing that shithole and it will only get worse if thats possible.Move to a redstate tomorrow!


13 posted on 06/05/2012 4:01:57 PM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: NoGrayZone
Next you'll be expected to pay your estimated taxes for the year at the beginning of the year.

If you underestimate and underpay, you will receive a huge fine at the end of the year.

If you overestimate and overpay, too bad.

All money rightfully belongs to the government anyway.

14 posted on 06/05/2012 4:08:58 PM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: NoGrayZone
Sounds like you are talking about payroll taxes and NY isn't the only one who is going to want payment next day. The IRS will too.

.IRS.GOV

15 posted on 06/05/2012 4:15:41 PM PDT by Tucsonican
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To: NoGrayZone

Close.

Then open new business in business friendly state.

Don’t think you can afford to move?

Calculate the price of staying.


16 posted on 06/05/2012 4:30:14 PM PDT by G Larry (Criminals thrive on the indulgence of society's understanding)
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To: NoGrayZone

It’s called witholding everywhere else.


17 posted on 06/05/2012 4:35:28 PM PDT by pfflier
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To: NoGrayZone

Taxes are due 15 April. It is now first week of June....perhaps paying on 15 April like everyone else would stop this sort of thing.


18 posted on 06/05/2012 4:53:46 PM PDT by napscoordinator
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To: NoGrayZone
My village is still red, but our surroundings.....eeeeeek!

Same here in western upstate (Cattaraugus County.) My little village of some 600 souls is still 75% Republican. The county's Republican and its largest city (Olean) is, too.

We're dying and we know it. Just don't want to leave home.

Sucks.

19 posted on 06/05/2012 4:56:37 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: Usagi_yo

We did. ADP does our payroll. We thought it should be up to them to file it, since they SEIZE our hard earned monies.

They will be handling it. They also confirmed we had no choice in this matter.

Not so nice.


20 posted on 06/05/2012 5:14:00 PM PDT by NoGrayZone (For evil to triumph it is only necessary for good men to do nothing.)
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To: Cyman
Do what I did (formerly incorporated in Calif)...close out the company/corporation and re-open it in a more tax friendly state.
Nevada comes to mind; but there are others.

It does not matter where the physical location of your business is.
Its all about survival now.
21 posted on 06/05/2012 5:37:16 PM PDT by Tainan (Cogito, ergo conservatus sum)
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To: NoGrayZone

So it’s all payroll related right? It’s not like they eye your books and say “hey, you make to much so you have to pay income taxes 24 times a year”?

I don’t see how it’s possible. I don’t make a profit until Dec 31 23:59

I pay payroll taxes every 8 days, Sales tax every month and quarterly Federal SS/Med for myself. I’m a sole pro and my fiscal year coincides with calendar year and I use accrual accounting.


22 posted on 06/05/2012 5:47:17 PM PDT by Usagi_yo
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To: NoGrayZone

This is what happens when you do business in a socialist banana republic. Get out. Relocate to a more business friendly state. It’s only going to get worse in New York as they run out of “other people’s money”.


23 posted on 06/05/2012 6:12:46 PM PDT by MtBaldy (If Obama is the answer, it must have been a really stupid question)
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To: NoGrayZone
Tell them to suck eggs; have them show you the "controlling authority" that requires you to conform.


24 posted on 06/05/2012 6:16:06 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; one box left.)
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To: NoGrayZone
In parts of Europe, a business must estimate it's payments for the next quarter and pay in advance. Sounds like NY is 'catching up'.
25 posted on 06/05/2012 6:28:02 PM PDT by pierrem15 (Claudius: "Let all the poisons that lurk in the mud hatch out.")
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To: ex91B10
They would just come in and seize his bank accounts and/or go to his place of business and seize everything- computers, office furniture, etc.

I was a manager once when a state tax agent came in and claimed the business was behind in its taxes: if she didn't get a check right then, everything would be seized and the business closed.

It's like dealing the mob.

26 posted on 06/05/2012 6:33:48 PM PDT by pierrem15 (Claudius: "Let all the poisons that lurk in the mud hatch out.")
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To: HANG THE EXPENSE

Yes, I am hard headed....and a Yankee. Was born here, didn’t have a choice.

As an adult, I have nothing but choices. I need to get over a hump or two before I make a move.

My thread was asking if anyone else, small business owners, received the same MANDITORY we did.


27 posted on 06/05/2012 6:35:08 PM PDT by NoGrayZone (For evil to triumph it is only necessary for good men to do nothing.)
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To: NoGrayZone

Is it too late to HQ in Delaware?


28 posted on 06/05/2012 6:40:25 PM PDT by GreatRoad (O < 0)
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To: NoGrayZone

Did the notice specify an electronic address in Nigeria or Russia for the payment? Did someone verify that it wasn’t a scam?


29 posted on 06/05/2012 6:51:32 PM PDT by PAR35
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To: NoGrayZone

I understand that my FRiend.The south is waiting on you and we dont care if youre from the north either.I have friends in Illinois that are too damned hard headed to move south.I guess it just doesnt suck as bad there yet but it will.I hope you can leave soon.


30 posted on 06/05/2012 9:13:22 PM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: PAR35

Yes. We use ADP. They are aware of this. Seems like NY started from the top down.


31 posted on 06/06/2012 8:49:02 AM PDT by NoGrayZone (For evil to triumph it is only necessary for good men to do nothing.)
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To: BfloGuy

Amen to that. The thought of leaving home upsets me. The thought of staying upsets me. =(


32 posted on 06/06/2012 8:53:47 AM PDT by NoGrayZone (For evil to triumph it is only necessary for good men to do nothing.)
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To: Tainan

It’s not my small business. Sorry if I implied that. I work for them and the book keeper, who isn’t too computer lit, couldn’t do it so she asked me to.

I was on the phone w/ ADP ranting and raving about it. Poor girl, lol. She was nice about it though.


33 posted on 06/06/2012 8:56:49 AM PDT by NoGrayZone (For evil to triumph it is only necessary for good men to do nothing.)
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To: NoGrayZone

Thanks for the response.


34 posted on 06/06/2012 5:42:15 PM PDT by PAR35
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