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Tax Law

The Ink is Finally Dry: New York Tax Preparers No Longer Need “Wet Signatures” for E-filing

On August 24, 2020, New York Governor Andrew Cuomo signed New York S.8832, a bill authorizing tax return preparers to accept electronic signatures on e-file authorizations for purposes of filing tax documents electronically with the New York Department of Taxation and Finance. The Bill applies in the context of New York State corporation, personal income, sales and use, excise, property, trust income, and estate taxes and any other tax administered pursuant to Tax Law Chapter 60. The Bill is broad in scope, not limited by tax type, however it is limited to tax documents “authorized by the commissioner to be filed electronically.” Thus, it does not apply to tax documents that must be physically filed.