Legal Alert

New York State Extends Tax Filing Date in Lockstep with Federal Deadline Extension

March 24, 2020

Following U.S. Treasury Secretary Steve Mnuchin’s announcement via Twitter on Friday, March 20, that Treasury would be moving Tax Day from April 15 to July 15, New York Governor Andrew Cuomo’s Budget Director Robert Mujica announced in a press conference held on the same day that “the (state) deadline is the federal deadline” for New York income tax return filing and tax payments.

The new deadline is applicable to individuals and businesses, applies to tax filing and tax payment, and waives interest or penalties that would otherwise be charged. The payment extension applies to income tax payments for the 2019 calendar year as well as to estimated payments for the 2020 year that would be due on April 15, 2020.

New York also agreed to waive penalties and interest for late payments of annual or quarterly (but notably not monthly) sales taxes that were due on March 20 as long as such taxes are paid by May 20. Affected taxpayers must apply for relief using an online portal that can be found here.

We will continue to monitor New York state tax developments. If you have questions, please contact a member of the Ballard Spahr LLP Tax Group.

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This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.

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