2009 Due Dates for NYS

2009 Due Dates for New York State

March 16th

Corporation Tax Return for Calendar Year Filers Due

Corporation Tax Estimated Tax Payment Due with Return or Extension

S Corporation Tax Return for Calendar Year Filers Due

March 20th

Sales Tax Return for Quarterly Filers Due
Sales Tax Return for Monthly Filers Due
Sales Tax Return for Annual Filers Due


April 15th

Personal Income Tax, Partnership and Fiduciary Tax Returns Due for Calendar Year Filers

Personal Income Tax Estimated Tax Payment Due

Partnership and LLC Estimated Tax Payments Due (For payments required to be made on behalf of partners and members)

S Corporation Estimated Tax Payments Due (For payments required to be made on behalf of nonresident shareholders)

April 20th

Sales Tax Return for Monthly Filers Due


May 20th

Sales Tax Return for Monthly Filers Due


June 15th

Corporation Tax Estimated Tax Payments for Calendar Year Filers Due

Personal Income Tax Estimated Tax Payments Due

Partnership and LLC Estimated Tax Payments Due (For payments required to be made on behalf of partners and members)

S Corporation Estimated Tax Payments Due (For payments required to be made on behalf of nonresident shareholders)

June 22nd

Sales Tax Return for Quarterly Filers Due
Sales Tax Return for Monthly Filers Due


July 20th

Sales Tax Return for Monthly Filers Due

August 20th

Sales Tax Return for Monthly Filers Due

September 15th

Personal Income Tax Estimated Tax Payments Due

S Corporation Return Due for Calendar Year Filers Who Requested an Extension

Corporation Tax Estimated Tax Payments for Calendar Year Filers Due

Corporation Tax Return Due for Calendar Year Filers Who Requested Six Month Extension to File

Partnership and LLC Estimated Tax Payments Due (For payments required to be made on behalf of partners and members)

S Corporation Estimated Tax Payments Due (For payments required to be made on behalf of nonresident shareholders)

September 21st

Sales Tax Return for Monthly Filers Due
Sales Tax Return for Quarterly Filers Due


October 15th

Personal Income Tax, Partnership, and Fiduciary Returns Due for Calendar Year Taxpayers who Requested an Automatic Six Month Extension to File

October 20th

Sales Tax Return for Monthly Filers Due


November 20th

Sales Tax Return for Monthly Filers Due


December 15th

Corporation Tax Estimated Tax Payments for Calendar Year Filers Due

December 21st

Sales Tax Return for Monthly Filers Due
Sales Tax Return for Quarterly Filers Due

Staten Island CPA & Tax Preparer

Here is the volunteer site on Staten Island open March 21, 2009, to provide free taxpayer assistance.

Staten Island Site for Volunteer Tax Assistance

These sites usually have a mix of local Staten Island CPA's as well as other tax preparers.

Staten Island
SI Bank & Trust
15 Hyatt Street, 3rd Floor
Foodbank - Staten Island, NY 10301
9 a.m. - 5 p.m.

Waiting on your Federal Refund

Waiting on your Federal refund, call the IRS at (800) 829-1954 its free and you can get the status of your funds.

NYS Tax Extension - Online & Free

Need an extension to file your personal income tax return? Apply online for an automatic extension. It's free and easy to use. You'll receive an instant, printable confirmation that the Tax Department received your application.

To apply for an extension to file online, go to:

https://www8.nystax.gov/PEXT/pextHome

If you owe tax with your extension, you can pay it by:

- direct debit from a savings or checking account
- credit card (a convenience fee applies)
- printing a voucher and mailing a check

Special Tax Exclusion For Mortgage Debt Forgiveness

Mortgage Debt Forgiveness as per the IRS Tax Tips #44

If your mortgage debt is partly or entirely forgiven during tax years 2007 – 2012, you may be able to claim special tax relief and exclude the debt forgiveness income.
Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on your principal residence. The limit is $1 million for a married person filing a separate return.

Taxpayers may exclude debt reduced through mortgage restructuring, as well as mortgage debt forgiven in a foreclosure. To qualify, the debt must have been used to buy, build or substantially improve your principal residence and be secured by that residence. Refinanced debt proceeds used for the purpose of substantially improving your principal residence also qualify for the exclusion.
However, proceeds of refinanced debt used for other purposes (for example, to pay off credit card debt) do not qualify for the exclusion.

If you qualify, you claim the special exclusion by filling out Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, and attaching it to your federal income tax return for the year.

Debt forgiven on second homes, rental property, business property, credit cards or car loans does not qualify for the new tax-relief provision. In some cases, however, other tax relief provisions, (for example, insolvency), may be available.

If your debt is reduced or eliminated you will receive a year-end statement, Form 1099-C, from your lender. By law, this form must show the amount of debt forgiven and the fair market value of any property foreclosed. The IRS urges borrowers to examine the Form 1099-C carefully. Notify the lender immediately if any of the information shown is incorrect. You should pay particular attention to the amount of debt forgiven (Box 2) and the value listed for your home (Box 7).

For more information about the Mortgage Forgiveness Debt Relief Act of 2007, visit the IRS Web site at IRS.gov. A good resource is IRS Publication 4681, Canceled Debts, Foreclosures, Repossessions and Abandonments. People may obtain a copy of this publication and Form 982 either by downloading from IRS.gov or by calling 800-TAX-FORM (800-829-3676).