Finance Memoranda

Finance Memoranda advise taxpayers and tax professionals of the Department of Finance's current position and/or procedures with respect to specific issues.

Memoranda are:

  • merely advisory and explanatory in nature
  • not declaratory rulings or rules of the Department of Finance
  • do not have legal force or effect
  • do not set precedent
  • are not binding on taxpayers
Inactive Finance Memoranda used in prior years for understanding the Department of Finance's procedures.


2017

Joint State / City Power of Attorney Form #17-6 10/17/17 (supersedes FM #17-4)

Reporting Federal and New York State Changes #17-5 10/13/17

Joint State / City Power of Attorney Form
#17-4  6/28/17

Filing Deadlines Extended Due to Winter Storm Stella
#17-3 3/15/17

Tax on Capital:  Calculating Liabilities Attributable to Categories of Business Capital #17-2 Revised 3/3/17

#17-1 Reserved
  

2016

Changes to the Mandatory First Installment of Estimated Tax for Businesses #16-7  12/23/16

Amendments to the Administrative Code of the City of New York to change due dates of certain NYC tax returns #16-6  12/30/16

Tax on Hotel Room Occupancy Revised to Exempt Certain Occupancies Conveyed to Room Remarketers #16-5  5/24/16

Transitional Filing Relief for Taxpayers Affected by New York City’s Corporate Tax Reform Legislation #16-4  3/31/16

Additional Investment Capital Identification Periods for Certain Non-Dealers under the Business Corporation Tax (Corporate Tax of 2015) #16-3   2/26/16

Direct and Indirect Attribution of Interest Deduction under the Business Corporation Tax (Corporate Tax of 2015) #16-2  2/26/16

Application of IRC §280F Limits to Sport Utility Vehicles. #16-1  1/11/17


2015

Investment Capital Identification Requirements for the Corporate Tax of 2015.5 #15-3  7/17/15

Transitional Filing Provisions for Taxpayers Affected By Corporate Tax Reform Legislation. #15-2  4/17/15

Application of IRC §280F Limits to Sport Utility Vehicles. #15-1  6/3/16

2014
Application of IRC §280F Limits to Sport Utility Vehicles. #14-1  2/11/15


2013
Application of IRC §280F Limits to Sport Utility Vehicles. #13-1  1/15/14


2012
Emergency Extensions of Filing and Payment Due Dates for Victims of Hurricane Sandy.
#12-2R  Revised 11/15/12

Application of IRC §280F Limits to Sport Utility Vehicles. #12-1  1/15/13


2011
 
Emergency Extensions of Filing and Payment Due Dates for Victims of Tropical Storm Lee.
#11-4  9/16/11

One-Week Filing Extension Granted to Certain Taxpayers Whose Preparers Were Affected by Hurricane Irene. #11-3. 9/13/11

Finance announces emergency extensions of due dates for tax filing and payments due to Hurricane.
#11-2. 9/9/11

Application of IRC §280F Limits to Sport Utility Vehicles. #11- 1. 1/13/12


2010
Tax on Hotel Room Occupancy Revised for Room Remarketers. #10-3Rev  5/24/16


2009

Tax on Hotel Room Occupancy Expanded to Include Additional Rent Charged by Room Remarketers. #09-3. 8/14/09

2009 Legislative Highlights. #09-2. 7/14/09

Calculating Investment Capital in the Alternative Tax Base. #09-1-R. Revised. 7/21/09


2008
Guidance for Businesses Subject to the New York City Tax on Hotel Occupancy.
#08-1rev. 8/23/11


2007

Internet Access Charges - Bundled Services and VoIP Under Utility Tax #07-1. 1/12/07


2006

Hotel Rewards Points Programs Under Hotel Occupancy Tax. #06-2. 11/30/06


2005
Department of Finance Policy Relating to the Service Members Civil Relief Act and the NYS Soldiers' and Sailors' Civil Relief Act. #05-3. Revised 7/12/05

Mandatory Payment of Real Property Taxes by Electronic Funds Transfer. #05-2. 4/20/05


2004
None


2003
Mandatory Payment of Real Property Taxes by Electronic Funds Transfer. #03-4. 11/19/03 (Note: This FM is in the process of being revised to more accurately reflect current law. Please be aware that parts of the FM may no longer be applicable. An updated version will be available soon.)


2002

Explanation of Taxpayer Assistance Act of 2002. #02-4. 10/29/02

New York City Tax Consequences of Certain Retroactive Federal and New York Tax Law Changes.
#02-3. Revised 1/30/04


2001
None


2000
Protective Commercial Rent Tax refunds for tenants receiving property tax escalation payment refunds. #00-8. 10/25/00

Real Property Transfer Tax on Bulk Sales of Cooperative Apartments and Residential Condominium Units. #00-6rev. 9/08/11

Finance Letter Rulings Issued on a Non-disclosure Basis. Effective immediately, the New York City Department of Finance will issue letter rulings without requiring the taxpayer to be identified provided the ruling request otherwise meets the requirements of Title 19, Chapter 16 of the Rules of the City of New York Relating to Letter Rulings. #00-2. 01/24/00

Department to Accept IRS PTINs. #00-1. 1/13/00


1999
Treatment of Internet Access Charges. #99-5. 10/26/99

Depreciation for Property Placed in Service Outside New York After 1984 and Before 1994. 
#99-4. 10/21/99

New York City Tax Treatment of Federal S Elections by Banking Corporations and Qualified Subchapter S Subsidiaries. #99-3. 10/21/99

1996 Changes to NYC General Corporation Tax Potential Impact on Homeowners Associations. #99-2. 10/21/99

Federal Check Box Rules New York City Tax Implications. #99-1. 10/21/99