- January 23, 2013
- All New York State Agents, Office Counsel and Managers
- Prepaying Transfer Tax
Stewart Title Insurance Company in its continuing effort to provide exceptional service to its policy-issuing offices would like to alert you to a potential recording issue. Recent cutbacks in County clerks’ staffs have resulted in increased recording delays. One method to ensure the timely payment of transfer taxes is to pay the transfer tax directly to NYS or NYC.
To prepay the New York State tax, forward the completed TP-584 and check together with a letter requesting a copy of the TP-584 be marked “Paid” and returned in the self-addressed postage paid envelope to:
NYS Tax Department
RETT Return Processing
WA Harriman Campus
Building B- Room 7
When prepaying New York City tax, ACRIS has an option labeled “Prepay Tax”. Checking this will create a cover sheet and control number to be sent with the check.
In the event you have any questions, kindly contact Stewart Title Legal Services for guidance at 212-922-0050.
THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.
- Bulletins Replaced:
- Related Bulletins:
- NY000120 New York State Real Property Transfer Gains Tax Repealed
- NY000131 Revised TP-584; Revised TP-584.1; and Form TP-584.2
- NY000160 Enabling Legislation Authorizing the Imposition of a Real Estate Transfer Tax on Conveyances in the Peconic Bay Region of Suffolk County
- NY000172 Nassau County Transfer Tax Update
- NY000211 NYS Tax Law Section 663; Payment of Estimated Personal Income Tax; Changes to NYS Department of Taxation and Finance Form TP-584
- NY000240 New TP-584 (11/04) Form; 2005 Forms for IT-2663 and 2664; MT-15
- NY000288 NYC Recordings; Miscellaneous Mortgage and Transfer Tax Increases
- NY000304 Prepayment of TP-584
- NY000306 Town of Warwick, Orange County Transfer Tax
- NY000307 New NYS Transfer Tax forms (TP-584)
- NY000314 TP-584 (3/07)
- NY000412 New Statutory Power of Attorney and Real Property Transfer Tax Filings
- NY000415 Amendment to Bulletin 412
- Underwriting Manual:
- Exceptions Manual: