NY | The New York State Department of Financial Services REQUIRES licensed excess line brokers to file annual premium tax statements electronically through its website. You may apply for an exemption from this requirement and request to file your taxes manually. This request must be submitted in writing to the superintendent for approval at least 30 days prior to the March 15 filing date.
In preparation for the annual tax summary reports that ELANY will be sending to members, all affidavits for accounts incepting in 2018, as well as premium bearing endorsements effective during 2018 or earlier, must be received by February 14, 2019 to be included in your tax summary report. 2018 items currently in suspense are not included in the tax summary reports unless you have successfully resubmitted them for stamping on or before February 14, 2019. Now would be a good time to review monthly reports for any discrepancies and to reconcile your books and records.
Click here for more information.