Week of 2/13/2017 through 2/17/2017
Important Publications and Notices
- NYS Tax Department Regulatory Actions on February 13, 2017
The following webpage has recently been updated as a result of the Regulatory Actions taken on February 13, 2017.
- NYS Tax Department provides additional corporate tax reform guidance on nexus for foreign corporations and foreign corporate partners
The previously posted draft regulations regarding the activities that subject a corporation to tax (nexus rules) for tax years beginning on or after January 1, 2015, have been updated. Revisions were made to state that a foreign corporation engaged in activities that subject it to tax, remains subject to tax even after it surrenders its authority to do business; to include the exception that corporate partners are subject to tax under Article 9-A unless already subject to tax under Articles 9 or 33; and to provide for a cross-reference of the definition of “credit cards” in the draft apportionment regulations.
- NYS Tax Department notification of 2016 Forms Updates - impacts corporate partners of partnerships with investment capital
The Department of Taxation and Finance is issuing further updates to the 2016 Forms IT-204-I, IT-204.1, IT-204-CP, and IT-204-CP-I. If you receive an amended IT-204-CP as a result of these updates and it changes a tax item reported on a previously filed CT-3 or CT-3-A for a tax year beginning on or after January 1, 2015, you must amend such filing.
- NYS Tax Department notification of 2016 Forms Updates - impacts partnership filers with investment capital who have partners that are corporations, partnerships or LLCs
The Department of Taxation and Finance is issuing further updates to the 2016 Forms IT-204-I, IT-204.1, IT-204-CP, and IT-204-CP-I.
- Monroe County Business Owner Pleads Guilty to Sales Tax Fraud
The New York State Department of Taxation and Finance today announced that a Monroe County businessman has pleaded guilty to 23 felony counts in a sales tax fraud case.
Dragan Mitrevski, 47, of 10 Silverknoll Drive, Rochester, is the self-employed operator of Bell-Mar Enterprises, a commercial cleaning business at the same address. He pleaded guilty in Monroe County Court to second-degree grand larceny, five counts of third-degree criminal tax fraud, and 17 counts of first-degree offering a false instrument for filing.
- Why wait? Join the 92% of New York Taxpayers Already E-filing
The New York State Department of Taxation and Finance today highlighted the safer, easier option of e-filing and encouraged all New York taxpayers to avoid the hassles of filing on paper.
“Easy, fast, free for many, and secure. That’s e-filing in New York State,” said Acting Commissioner Nonie Manion. “If you’re not among the 92% of taxpayers already e-filing, it’s time to stop filing on paper and start taking advantage of the benefits of filing electronically.”
- Stay In The Know While You’re On the Go: Sign Up for Email Alerts to Learn When Your Tax Refund Will be Issued
Sign up for email alerts from the Tax Department to be notified when your tax refund is issued and receive other helpful information. You can also opt to receive email alerts about tax bills, and other account-specific updates.
“Taxpayers are online and on the go more than ever, so www.tax.ny.gov offers a variety of services and user-friendly content to meet their needs,” said Acting Commissioner Nonie Manion. “Signing up for email alerts at our website is one quick and easy step to take.”