The New York Department of Taxation and Finance has issued personal income tax withholding and wage guidance for employers and individuals affected by Hurricane Sandy.
Employers
Employers whose 2012 withholding tax records were destroyed by Hurricane Sandy should make their best effort to recreate the records, or call 518-485-6654 to receive the latest information that the department has available on record. Employers should use that information to recreate the records to the best of their ability. Employers should also (1) Web File Form NYS-45 and select the Hurricane Sandy box, or file paper Form NYS-45 and write "Sandy" on the top of the completed form, and (2) provide their employees with good faith W-2 Wage and Tax Statement withholding estimates for the tax year.
The guidance for employers is available at http://www.tax.ny.gov/bus/wt/sandy.htm.
Individuals
If an individual’s employer cannot provide a W-2 Wage and Tax Statement, the individual may file his or her 2012 personal income tax return using wage and withholding information provided on the last pay stub received from the employer. An individual who does not have the last pay stub should call 518-485-6654 after February 1. The department will provide the latest information available on record. That information should be used to create a good faith wage and withholding estimate.
The guidance for individuals is available at http://www.tax.ny.gov/pit/file/sandy.htm.
Contact us at ExactCPA if you have any further questions.
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