Tax Extensions and COVID-19

Frequently Asked Questions

 

NYC Business and Excise Taxes

For NYC business and excise tax returns due between March 16, 2020, and June 25, 2020, penalties for late filing, late payment, and underpayment will be waived if the delay in filing was caused by COVID-19-related issues. Tax payment due dates have not changed, which means that interest will accrue on late payments. Please see Business Tax Filing Extensions and the COVID-19 Outbreak for more information.

For New York City business taxes (unincorporated business tax, general corporation tax, business corporation tax and banking corporation tax), please file your tax return or a form NYC-EXT and pay any tax due by July 15, 2020. If you are filing online, enter the special condition code “CV” in the space indicated near the top right of the online form. If you are filing a paper return or NYC-EXT, please write “COVID-19” on the top center of the front page.

Eligible business tax filers submitting form NYC-EXT by July 15 will have an additional six months from the original due date to file their returns. The special condition code “CV” should be entered on the online return ultimately filed. If you are filing a paper business tax return, please write “COVID-19” on the top center of the front page.

Filers of the utility tax and hotel room occupancy tax should enter the special condition code “CV” in the space indicated near the top right of the online return. If you are filing a paper return, please write “COVID-19” on the top center of the front page. If you file your return by July 15, 2020, penalties will be waived.

Taxpayers subject to the commercial motor vehicle tax or the retail beer, wine, and liquor tax may request an abatement by sending an email to Penalty_Abatements@finance.nyc.gov.

Penalties on late filings and payments will resume after July 15, 2020.

If you have already filed an extension request or a late tax return and have followed the procedures detailed in Business Tax Filing Extensions and the COVID-19 Outbreak, there is no need to file a new request or return.

Although penalties will be waived, interest on any tax due will continue to accrue at the rate specified by the law, from the due date of the return to the date that tax is paid.

Yes, estimated payments for calendar year general corporation tax, business corporation tax, bank tax, and unincorporated business tax filers are still due on June 15, 2020.

Interest is assessed from the original due date of the return until paid. interest is statutory and cannot be waived.

NYC Sales Tax and Personal Income Tax

New York City sales tax is administered and collected by the New York State Department of Taxation and Finance. To apply for relief from penalties and interest for New York City sales tax, please visit the New York State Department of Taxation and Finance for more information.

New York City Personal Income Tax is administered and collected by New York State. Because of the COVID-19 crisis, the governor has extended the filing deadline for New York State and New York City Personal Income Tax to July 15, 2020. Please visit the New York State Department of Taxation and Finance for additional information.

E-Filing of NYC-Administered Taxes

Customers can file many New York City returns using Business Tax E-services . Register now or log in to your account to file a return or make a payment.

The following returns can be filed using e-Services: Extensions, 204EZ, 4SEZ, 202S, CRA, 2S, 245, 112, RAX, UXS, UXRB, UXP, OTPR, E-911, CTXR, HTX, FP.

The following New York City returns for tax years 2017, 2018, and 2019, may also be filed using Business Tax e-Services: Extensions, NYC-2, NYC-2A, NYC-2S, NYC-3A, NYC-3L, NYC-4S, NYC-4SEZ, NYC-204, NYC-204EZ, NYC-202, NYC-202EIN, NYC-202S, and NYC-EXT, NYC-300, NYC-400, NYC-400B, NYC-5UB, NYC-5UBTI, NYC-245 and NYC-1127.

The Department of Finance also participates in the IRS’ federal and state Modernized e-File program, which allows New York City corporations, businesses, and individuals to electronically file their Federal 1120, 1065, 1040, or 1041, and New York City business tax returns together. Check our website www.nyc.gov/finance for a list of software vendors offering business tax e-File.