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William Perez

New York Provides Tax Relief for Hurricane Sandy

By October 29, 2012

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The New York Department of Taxation and Finance has announced disaster relief relating to tax filing and tax payment obligations.

Deadlines for filing and paying taxes has been suspended for the period from October 26, 2012 through November 14, 2012. Tax returns and tax payments that are due during this period are now due on November 14, 2012.

The postponement applies to the filing of any tax returns, including personal income tax returns. It also applies to the payment of any New York state tax, including payments made on an installment agreement.

Interest and penalties will not be assessed on tax return filings or tax payments that are late during this period, as long as the tax returns or payments are made by November 14, 2012.

Taxpayers should write "Hurricane Sandy" at the top of any tax return or payment voucher to ensure that the Department properly processes the tax return or payment without additional penalties.

Additional details on regarding these disaster relief provisions are found in the Department's Notice N-12-11 (pdf, 3 pages).

Update:

The Department of Taxation and Finance has announced the following additional relief related to Hurricane Sandy:

For employers, remittances of income tax withholding (Form NYS-1) and of the metropolitan commuter transportation mobility taxes due from October 26 and before November 14, 2012 are now due on November 14, 2012.  See Notice N-12-12 (pdf, 2 pages).

For excise taxes, relief is available to distributors and transporters of motor fuel and diesel fuel (Notice N-12-13) and  for sellers of dyed diesel fuel (N-12-14).

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