Personal Taxes

NYS extends deadline for sure companies and taxpayers hit by current floods

BY SÍLE MOLONEY

DUCKS TRAVEL ALONG a water-rich trail that is usually filled with joggers, bikes, and park goers when it is dry in Van Cortlandt Park in the Bronx on Thursday, September 2, 2021. Lake Van Cortlandt has spilled more than seven inches of rain in the Bronx due to the remnants of Hurricane Ida, according to reports from WABC-TV.
Photo by José A. Giralt

The New York State Department of Taxation and Finance announced Thursday, September 16, an extension of certain tax filing and payment deadlines for taxpayers affected by the floods in the week of September 2, 2021.

Tax return and payment deadlines between September 15, 2021 and October 2, 2021 have been extended to December 14, 2021 for:

  • Filing returns, including those for income tax, corporate tax, sales tax, and any other taxes administered by the tax authority;
  • Payment of taxes or tax installments, including installments of estimated taxes;
  • Submission of requests for extension or additional extension of the submission deadline;
  • request a credit or refund.

Tax returns or tax payments filed by anyone directly affected by the storm will not be subject to penalties or interest for late filing, late payment, or underpayment, or interest if received by December 14, 2021. There are some exceptions. For more information, see the Notice of Exemption from Certain Filing and Payment Deadlines Due to Post-Tropical Depression Ida.

In addition, the tax department has postponed certain other deadlines, which are between September 2, 2021 and October 2, 2021, by 90 days. Again, for a full list and more information, see the Notice of Exemption from Certain Registration and Payment Deadlines Due to the Ida Post-Tropical Depression.

Hurricane Ida was a deadly Category 4 Atlantic hurricane that struck large parts of the southern and eastern United States from August 26, 2021 to September 4, 2021. The hurricane resulted in unprecedented rainfall and flooding in the greater New York City area and surrounding counties.

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