NYC Waives Penalties for Late Real Property Transfer Tax Filing and Payment
3.23.20 | Client Alert – COVID-19 Update
The New York City Department of Finance (DOF) issued a Memorandum on March 20, 2020 announcing the waiver of penalties for all New York City Real Property Transfer Tax returns due between March 15, 2020, and April 25, 2020. Taxpayers may request to have the penalties waived on a late-filed return, or in a separate request. Please note that interest will accrue from the original due date until the tax is paid.
To review the full memorandum, click the link below.