Tag Archives: Department of Taxation and Finance

Whitestone man pleads guilty to failing to pay $335K in taxes


| mchan@queenscourier.com

Photo courtesy of the Nassau County district attorney’s office

A Whitestone man has confessed to duping the state out of $335,000 in taxes, Nassau County District Attorney Kathleen Rice said.

Joseph Caraccia, 65, who owns two Great Neck auto body repair shops, pleaded guilty last week to larceny charges for collecting but failing to remit taxes between 2009 and 2012, the district attorney’s office said.

He awaits sentencing on May 22. Rice said Caraccia will be forced to pay off $335,000 in restitution to the state’s Department of Taxation and Finance (NYSDTF).

“When a company or an individual fails to remit taxes, it’s a crime against all New Yorkers,” Rice said.

The two shops are located at 275 East Shore Rd. and 300 East Shore Rd.

An unknown person tipped off the district attorney’s office, Rice said. The NYSDTF’s Nassau Criminal Investigations Division then found the tax discrepancies.

“By pocketing this money, Mr. Caraccia took funding away from services that any resident of Long Island or beyond could rely upon,” Rice said.

 

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Post-Sandy tax relief


| mhayes@queenscourier.com


Some good news is here for the victims of Superstorm Sandy. With many other problems at the forefront, the New York State Department of Taxation and Finance, and also the Internal Revenue Service (IRS) are giving taxpayers a bit of a break on their payments.

The Department of Taxation and Finance announced on Thursday, November 15 the additional extension of certain tax filing and payment deadlines for those directly affected by the storm.

President Barack Obama has declared Bronx, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Sullivan, Suffolk, Ulster and Westchester Counties to be federal disaster areas.

The IRS declaration permits the organization to postpone certain deadlines for taxpayers who reside or have a business in the disaster area to February 1, 2013. Excise tax deposits have also been moved to November 26, 2012.

Additionally, the NYS Department of Taxation and Finance has extended its deadline for tax payments and filings, beginning October 26, to November 26. For more information on the department’s newly instated tax relief, storm victims can visit www.tax.ny.gov, and see document N-12-16.

The IRS has automatically identified taxpayers in the covered disaster area and applies automatic filing and payment relief, but those outside of the federally-declared area can call the IRS disaster hotline at 1-866-562-5227 to request tax relief. In addition, taxpayers may download forms and publications from the IRS website, irs.gov, or order them by calling 1-800-TAX-FORM (829-3676).