Effective Immediately! New Attachments to TP-584 and RPT Forms for LLCs
- September 20, 2019
Please be advised that on September 13, 2019, Governor Cuomo signed legislation that amends Section 1409 of the Tax Law and adds new section 11-2105 (h) to the 2006 City Code. If you are an LLC business with more than one member and are buying or selling one-to-four family residences, you must now attach documentation to the TP-584 that includes the names and business addresses of all shareholders, directors, officers, members, managers and partners.
A new form will be issued in the future, but currently it will be your responsibility to attach this information to the TP-584 until then. You should also be aware that if you had a closing after September 13 involving an LLC and the information was NOT attached, it will be rejected.
For more information, please contact our office at 845-298-2000 or contact us here.