Abatement of Penalties and Interest for Sales and Use Tax due to COVID-19

March 25, 2020
Dear WZ Client:
The following was announced 3/23/2020 from the NYS Department of Taxation and Finance:
“Governor Cuomo has issued an executive order expanding the Tax Commissioner’s authority to abate late filing and payment penalties.
This will allow the Commissioner to abate interest on quarterly and annual sales and use tax filings and remittances with a due date of March 20, 2020, for those who were unable to timely file and pay as result of the COVID-19 virus.”
To view the guidance issued, visit N-20-1, Announcement Regarding the Abatement of Penalties and Interest for Sales and Use Tax due to the Novel Coronavirus, COVID-19.
We remain committed to providing you with the most up-to-date information as we know it. As always, we are in this together with you.
Stay healthy,
WZ Partners