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Publication Date: Summer 2000
RPIE FILING REQUIREMENTS MODIFIED
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 www.nyc.gov/finance.
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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