Main Content

Issues

TCH Seeks NYS Filing Deadline Clarification

The Clearing House Association submitted an unsolicited letter to the New York State Department of Taxation and Finance regarding a potentially incorrect filing deadline contained in guidance issued by the Department with respect to credit card information reporting intended to piggyback off of the federal filing requirements. On February 10 the New York State Department of Taxation and Finance issued revised guidance regarding filing deadlines with respect to credit card information reporting. The revisions incorporate changes expressly requested by TCH and state that the required information returns will be due on either March 29, 2012, or April 30, 2012, depending on whether the information returns are filed with the IRS in a paper format or electronically.