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 New York Commercial Rent Tax 2023-2025

Commercial Rent Tax 2023-2025 Form

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two points I want to make one it's a little technical from a tax ID because anyone tags tip of the day and in with Randy new york city there's a an ugly tax that a lot of firms are not aware of call the commercial rent tax in new york city that new york city is putting a tremendous emphasis on that is if your rent is about 250 locomotive rent is about 200 on including all escalations and items included in that there there's a father environment with the city and if your rent is in excess of 250 there's a tax that you need to pay on a quarterly basis it is not in calendar quarter it's a fiscal quarter similar to sales tax filing so please go back and check because the city has made a lot of money and the city if you're not registered with them for the commercial rent tax they can go back as many years as they want I mean there is a voluntary compliance program that we can help you get into which will go into a number of three years I&#

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