Late filing of employee withholding reconciliation information

If an employer late files quarterly withholding information relating to individual employees in boxes g, h, i, and j of Form NYS-45, Part C, Employee wage and withholding information after the due date (April 30, July 31, October 31, or January 31), then such employer may be subject to a penalty of $50 multiplied by the number of employees for whom such information is filed late. The maximum penalty that may be imposed for this late filing is $10,000 for any one calendar year [Tax Law § 685(h)(1)].