Finance Memoranda advise taxpayers and tax professionals of the Department of Finance's current position and/or procedures with respect to specific issues.
Inactive Finance Memoranda used in prior years for understanding the Department of Finance's procedures.
- 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
Issuer’s Allocation Percentage under the Unincorporated Business Tax and the General Corporation Tax for Issuers and Obligors Taxed under the Business Corporation Tax
#18-9, #18-10, and #18-11 Reserved
New York City Treatment of IRC § 965 Repatriation Amounts for Tax Year 2017 Under the General Corporation Tax, Unincorporated Business Tax, and Banking Corporation Tax #18-8 9/25/18
Tax Treatment of IRC § 965 Repatriation Amounts for Tax Year 2017 for Business Corporation Taxpayers #18-7 9/25/18
Recognition and Allocation of Deferred Income from a Non-Qualified Deferred Compensation Plan #18-6 6/29/18
Implementation of the Other Tobacco Products (OTP) Tax #18-5 6/1/18
Deemed Repatriation Income under the General Corporation Tax, the Banking Corporation Tax, and the Unincorporated Business Tax #18-4 4/20/18
June 1, 2018 Deadline for Limited Withdrawal of the Commonly Owned Group Election Made on a Tax Year 2015 or 2016 Combined Return #18-3 3/29/18
Filing Deadlines Extended Due to March 2018 Nor’easters #18-2 3/15/18
Application of IRC §280F Limits to Sport Utility Vehicles #18-1 3/18/19
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 Revised 10/10/18
Tax Worksheets of Changes in Tax Base made by Internal Revenue Service and/or New York State Department of Taxation and Finance for:
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
Application of IRC §280F Limits to Sport Utility Vehicles #17-1 2/6/18
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 Deductions 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
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
Application of IRC §280F Limits to Sport Utility Vehicles. #14-1 2/11/15
Application of IRC §280F Limits to Sport Utility Vehicles. #13-1 1/15/14
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
Emergency Extensions of Filing and Payment Due Dates for Victims of Tropical Storm Lee.
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.
Application of IRC §280F Limits to Sport Utility Vehicles. #11- 1. 1/13/12
Tax on Hotel Room Occupancy Revised for Room Remarketers. #10-3Rev 5/24/16
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
Guidance for Businesses Subject to the New York City Tax on Hotel Occupancy.
Internet Access Charges - Bundled Services and VoIP Under Utility Tax #07-1. 1/12/07
Hotel Rewards Points Programs Under Hotel Occupancy Tax. #06-2. 11/30/06
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
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.)
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
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
Treatment of Internet Access Charges. #99-5. 10/26/99
Depreciation for Property Placed in Service Outside New York After 1984 and Before 1994.
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