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TO:New York State Unified Court System, Office of Court AdministrationFROM:New York State Bar Association, Commercial and Federal Litigation Sectional:December 2, 2020RE:Proposed New Commercial Division
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Coronavirus is a virus that causes respiratory illness, and Form NY refers to the specific tax form related to the New York State Department of Taxation and Finance that addresses COVID-19 tax issues.
Individuals and businesses in New York that were affected by COVID-19 and need to report related income or deductions are required to file coronavirus and Form NY.
To fill out coronavirus and Form NY, gather necessary financial documentation, complete all required fields, provide relevant income and deduction details related to COVID-19, and review for accuracy before submission.
The purpose of coronavirus and Form NY is to help taxpayers report financial impacts of COVID-19 and facilitate any relief measures or adjustments needed for accurate tax reporting.
Information that must be reported on coronavirus and Form NY includes income loss due to COVID-19, expenses incurred in mitigating the impact of the pandemic, and any related tax credits or deductions.
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