New York Provides COVID-19 Sales Tax Relief
As COVID-19 (a.k.a. New Coronavirus) continues to spread and hold our businesses and economy hostage, State governments are starting to respond with much-needed relief by offering things like filing and payment deadline extensions for sales & use tax returns. In some cases, penalties and/or interest due to late payments are being waived as well.
Our team of New York sales tax experts is tracking the situation for you, so you can focus on the things that matter most to you. To date, the New York Department of Taxation and Finance has issued the following taxpayer relief:
- Sales tax payments and returns were due March 20, 2020, and that hasn’t changed; however, penalty and interest may be waived for quarterly and annual filers who were unable to file or pay on time due to COVID-19. See New York’s tax relief for quarterly and annual sales tax vendors affected by COVID-19 here to request relief from penalty and interest, or contact us if you’d like assistance with this process from one of our sales tax professionals. See full details from the State here.
- The New York Tax Department has extended the due date for New York State personal income tax and corporation tax returns to July 15, 2020. In addition, all related tax payments due on April 15, 2020, maybe deferred to July 15, 2020, without penalties and interest, regardless of the amount owed. See full relief details here.
New York sales tax lawyers, CPA’s and other professionals to stay up to speed on this fluid situation. Be sure to check back frequently as we will add new information and updates as they become available.
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