Tax Extensions and COVID-19

Frequently Asked Questions

 

NYC Business & Excise Taxes

Individual Unincorporated Business Tax taxpayers that file their returns and make their payments on or before May 17, 2021 will be allowed a waiver of certain penalties upon request. For these filings, while late filing and late payment penalties will be waived, interest, where applicable, will accrue at the appropriate underpayment rate on all tax payments received after the original due date, calculated from the original due date to the date of payment.

All other DOF administered business and excise returns due in 2021 are due on their original filing deadline. For DOF administered business and excise taxes due between March 16, 2020, and June 25, 2020, please see Business Tax Filing Extensions and the COVID-19 Outbreak.

Individual Unincorporated Business Tax taxpayers may request to have the penalties waived (abated) in several ways:

  • You may use our portal at www.nyc.gov/eservices to file an annual return or extension and request that any penalties be waived. Enter the special condition code “21” in the space indicated near the top of the online form.
  • You can request a penalty abatement by sending an email to Penalty_Abatements@finance.nyc.gov 
  • If you are filing a paper return or extension request, please write “21” on the top center of the front page. You may also request an abatement by writing to: NYC Department of Finance, P.O. Box 5564, Binghamton, NY 13902-5564.

For DOF administered business and excise taxes due between March 16, 2020, and June 25, 2020, please see Business Tax Filing Extensions and the COVID-19 Outbreak.

If you have already filed an extension request or a late tax return and have followed the procedures detailed in either Effect of IRS Deadline Extension for 2020 Personal Income Tax Returns on Penalties for NYC Individual UBT Filers or 2019 Business Tax Return Filing Information and the COVID-19 Outbreak, there is no need to file a new request or return.

While certain penalties will be waived, pursuant to the guidance above, interest on any tax due will continue to accrue at the rate specific 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, 2021.

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. New York State has extended the filing deadline for New York State and New York City Personal Income Tax to May 17, 2021. 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, 2019 and 2020, 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.