Technical topics regarding tax preparation.
NYS filing clarification
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25-Mar-2020 6:32am

I still cannot find any concrete evidence NYS is following the IRS extensions of time to 7/15 for filing returns/estimates/and IRA contributions. Anyone have any info on NYS yet????




thanks

25-Mar-2020 6:55am

So far only this:

https://nyassembly.gov/coronavirus/?sec=updates_nys

The deadline for filing your taxes has been moved from April 15 to July 15.

26-Mar-2020 2:47am

I find it very disconcerting that the Governor announced days ago NYS will follow the Federal then issue nothing authoritative in black and white for taxpayers or preparers to rely on.

26-Mar-2020 7:14am

This article is from the Albany Times Union. But agreed, I would feel much better about the extension if there was something on the NYS website.

https://www.timesunion.com/news/article ... 145786.php

This is from the NYS Assembly website.

https://nyassembly.gov/coronavirus/?sec=updates_nys

•The deadline for filing your state and federal taxes has been moved from April 15 to July 15.

But nothing yet has been published on the website of the NYS Dept. of Taxation and Finance.

26-Mar-2020 11:04am

In his defense, the governor is very busy with pandemic control. I agree, though, there should be an official announcement.

26-Mar-2020 3:53pm

Cuomo doesn't have to be involved. He should have the Commissioner of Taxation & Finance issue a Notice.

27-Mar-2020 1:47pm

I have not seen anything posted on the NYS Dept of taxation web site.
Is the 1st estimated tax for NYS also moved to a due date of 7/15 ?

27-Mar-2020 1:59pm

philly wrote:I have not seen anything posted on the NYS Dept of taxation web site.
Is the 1st estimated tax for NYS also moved to a due date of 7/15 ?


According to the Governor's statement "Further guidelines will be released soon." I guess we'll have to wait for the official version.

My guess is that he won't extend the first quarterly estimate due on 04/15. (1) NY was already in dire straights financially and they need the money, and (2) In his statement about the filing deadline, he stated that "because NY state requires electronic filing, the date for filing state personal income taxes automatically travels with federal filing date" Estimated taxes are different in that they don't have to be filed electronically. Taxpayers can mail those in.

Until I see otherwise. I am sticking with the 04/15 1st estimated payment date.

28-Mar-2020 10:48am

I emailed NYS Dept of taxation. An agent at NYS called my office in response to the E mail and said that the 1st NYS estimated payment is do April 15th and not July 15th. He say that the individual returns will be following the Federal and the due date has been extended to July 15th.

28-Mar-2020 11:11am

Cuomo just (again) announced that the due date for tax returns has been moved until July 15, nothing about the Q1 estimated tax payment.

28-Mar-2020 11:17am

See my post. I emailed NYS and they responded concerning the Q1 estimated tax payment. They will follow up the phone call with an email.

29-Mar-2020 3:00pm

Someone just posted on the forum about NYS due dates.


https://www.tax.ny.gov/pdf/notices/n20-2.pdf

29-Mar-2020 3:36pm

I received the email from NYS concerning Notice -20-2 this afternoon at 2.32pm. However a NYS agent responded to my email Friday afternoon and he told me that the 1st estimated date was not extended but due April 15th. I guess we all should question what an agent tells us.

29-Mar-2020 3:58pm

Does anyone in the group file returns in New Jersey ?. Has NJ extended the April 15 1st estimated due date to July 15th ?

29-Mar-2020 4:01pm

Has New Jersey extended the 1st quarter 2020 individual estimated due date from 4/15 to 7/15 ?

29-Mar-2020 4:02pm

philly wrote:Does anyone in the group file returns in New Jersey ?. Has NJ extended the April 15 1st estimated due date to July 15th ?


They still have not done so. The Governor has said they will almost certainly extend and there is a bill that was introduced to do this but nothing is finalized. So as of right now it's still April 15th. I imagine any day it will happen but nothing is certain.

30-Mar-2020 6:52am

yes they have:

https://www.tax.ny.gov/pdf/notices/n20-2.pdf

30-Mar-2020 8:09am

James is notice n20-2 for NJ. I was asking about New Jersey.

30-Mar-2020 12:46pm

Thanks for posting James.

30-Mar-2020 2:21pm

As of now, NJ has not made a decision yet. You can check this "State Tax Filing Relief" chart on AICPA website.(FREE)


https://www.aicpa.org/interestareas/tax/covid19.html
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