Council of New York Cooperatives & Condominiums
Article Archive
Tax Issues

Publication Date: Summer 2000


Commissioner of Finance Andrew S. Eristoff has extended the time for filing Real Property Income and Expense (RPIE) Forms which were due on September 1, 2000. As a result of this extension, RPIE 1999 forms can be postmarked by September 15, 2000, and still be accepted as timely. Forms should be mailed to:

    Department of Finance
    Returns Processing
    25 Elm Place, 5th Floor
    Brooklyn, NY 11201

The Department of Finance has also changed the RPIE requirements this year, instituting the most significant changes since the program began in 1986. The primary purposes for the changes were to reduce the time and effort required for compliance and to facilitate development of further efficiencies, such as electronic filing. The modifications make it unnecessary for purely residential cooperatives to file these forms; nor do buildings with only garage space or less than 1000 square feet of non-residential space need to file.

Your accountant or managing agent has probably received the RPIE 1999 forms for your cooperative and filed them for you. If you file your own RPIE Form, the Department of Finance offers you many opportunities to obtain the form and get help completing it. Download instructions and forms from the Department of Finance website or call the Department's Tax Fax Service (718) 935-6114 from a phone connected to a fax and have the forms and instructions faxed to you immediately by selecting document code #351 as you follow the automated instructions. You can have the forms mailed to you by calling Taxpayer Assistance at (718) 935-6000, or learn from that number the location of your Borough Assessment Office, where you can pick up a form in person.

In the past, some purely residential cooperatives have preferred to err on the side of caution by filing RPIE Forms. This is not necessary. To reassure cooperatives which may question whether they should submit the RPIE, the Department of Finance has posted on its website, by borough, the addresses and block and lot numbers of the compliance status of cooperatives throughout the city.


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