More on NY Extended Due Date

See our October 12, 2021 post for additional relief provided by New York State.

As discussed in our post on September 16, 2021, the federal due dates for some taxpayers affected by the remnants of Hurricane Ida have been delayed, and New York also offered limited relief for affected taxpayers.

While the federal relief offers affected taxpayers an extension of deadlines until January 3, 2022 for filing returns and paying taxes that were otherwise due on or after September 1, 2021, and before January 3, 2022, New York only offers affected taxpayers an extension of deadlines until December 14, 2021, and the New York relief only applies to due dates that originally were on or after September 15, 2021, and ending on or before October 2, 2021.

As a result, affected individuals who received an extension for their 2020 individual income tax returns must still file their 2020 New York individual income tax returns by October 15, 2021, even though the extended due date for filing 2020 federal individual income tax returns has been deferred until January 3, 2022.  Since New York returns must be prepared in conjunction with federal returns, the New York due date remaining October 15, 2021 effectively forces taxpayers to complete both their federal and New York returns by October 15, 2021.

Separately, New York City has issued its own relief extending due dates for affected taxpayers. (See NYC Finance Memorandum 21-03.)  The relief follows the same time period offered by New York State and applies to due dates that originally were on or after September 15, 2021, and ending on or before October 2, 2021. 

The relief applies to the New York City Business Corporation Tax, General Corporation Tax, Unincorporated Business Tax, Banking Corporation Tax, Commercial Rent Tax, Hotel Room Occupancy Tax, Real Property Transfer Tax, and Utility Tax.  While late filing and late payment penalties are waived for affected taxpayers, the city will still charge interest on the payments of any tax due paid after the original due date.