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Directory Results for New York State Department of Taxation and Finance Instructions for IT-2659 Estimated Tax Penalties for Partnerships and New York S Corporations General instructions Who must pay the underpayment penalty In general, the partnership or S to New York State Department of Taxation and Finance Instructions for IT-2659 IT-2659-I Estimated Tax Penalties for Partnerships and New York S Corporations General instructions Important note For tax year 2009 the individual tax rate - -