October 13, 2021
New York State extends certain October 15 deadlines for taxpayers affected by post-tropical depression Ida, excludes 2021 election for NY pass-through entity tax from relief
In Important Notice N-21-5, Extension of Certain October 15 Deadlines for Taxpayers Affected by Post-Tropical Depression Ida (Notice), the New York Department of Taxation and Finance (NY DOTF) extended certain tax filing, payment and other deadlines.1 The relief applies only to those New York taxpayers, tax advisors and their workers located in the "designated counties" included in the Notice.
The NY DOTF postponed until January 3, 2022, deadlines occurring on October 15, 2021, for:
The NY DOTF also postponed for 90 days certain other deadlines occurring during the period beginning on or after September 2, 2021 and ending on or before October 17, 2021, including making elections. The NY DOTF, however, explicitly stated in the Notice that the extension for making elections does not extend the time to make the election to participate in either New York's Pass-Through Entity Tax (PTE tax) or its Employer Compensation Expense Tax. Accordingly, for tax year 2021, an authorized person has until October 15, 2021, to file a PTE tax election through an eligible entity's Business Online Services account. The election must be made online.
For more on New York's PTE tax, see Tax Alert 2021-1675.
Additional information on the New York PTE tax is available on the NY DOTF website.
1 For previously announced relief see NY DTOF, Important Notice N-21-3, Announcement Regarding Relief from Certain Filing and Payment Deadlines due to Post-Tropical Depression Ida (September 15, 2021).