October 13, 2021

New York Extension for Taxpayers Impacted by Ida

By Barry Halpern, Partner, Tax & Business Services & Lisa Haime, Senior Manager, Tax & Business Services

New York Extension for Taxpayers Impacted by Ida State & Local Tax

The New York Department of Taxation and Finance recently issued Notice N-21-5, which provides relief to victims of Post-tropical Depression Ida. Under this action, New York extended the tax deadline to January 3, 2022, for the filing of certain returns and payments due on October 15, 2021.

This relief is provided to taxpayers directly impacted by Post-tropical Depression Ida and include:

  • Taxpayers impacted by the storm who reside in or have a principal place of business in the counties of Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, Sullivan, Ulster, Westchester and contiguous counties;
  • All workers assisting in relief activities in the above counties;
  • Taxpayers whose tax records are not available due to the storm;
  • Taxpayers who have difficulty meeting the tax deadline because of disruptions from the storm, including transportation, delivery and communications issues; and
  • Taxpayers whose tax professionals were unable to complete the necessary work to meet the tax deadline on behalf of their clients due to the storm.

The postponement applies to various tax filings and payments due on October 15, 2021. This includes:

  • Filing any returns, including personal, corporate and any others administered by the New York Department of Taxation and Finance;
  • Payment of any tax or installment of tax, including estimated taxes;
  • Filing extension requests; and
  • Filing for a credit or refund.

Deadlines for filing the above, originally due on October 15, 2021, are postponed to January 3, 2022.

While certain other deadlines have also been extended by this notice, the election for the Pass-through Entity Tax is not extended by this notice.

Penalties and interest will be waived for returns and payments made in accordance with this notice for those directly impacted by the storm.

For additional information or assistance, please contact a Marcum State and Local Tax professional.