Tuesday, April 12, 2011

Partnership and LLC Fee Deadline Extension

The New York State Department of Taxation and Finance has issued TSB-M-11(4)C to advise that Tax Law Section 658(c)(3) has been amended to extend the due date for form IT-204-LL and the required annual payment for tax years ending on or after March 1, 2011.  Under the revised provision the IT-204-LL must be filed and the annual fee must be paid within 60 days after the last day of the tax year of a Partnership, LLC, LLP or Single-Member LLC that is treated as a disregarded entity.  Prior to the change in the law the due date was 30 days from the last day of the year.

If you have any questions about this or any other New York State Tax issue, feel free to contact our office.

Neil