Posted in The Bottom Line, Featured Post, State & Local Strategies, Corporate Income Tax, Income and Franchise, Nexus, Personal Income Tax, Property and Other State/Local Tax Issues, Sales and Use Tax

New York State Budget Tax Provisions’ Response to Federal Tax Cuts and Jobs Act

On April 12th Governor Cuomo signed the 2018-2019 Fiscal Year budget (Budget). The Budget contains numerous provisions that address the New York tax ramifications arising from the Tax Cuts and Jobs Act (TCJA) passed by the United States Congress late last year. The Budget’s tax provisions pose significant complexities as well as…

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Posted in State & Local Strategies, Corporate Income Tax, Income and Franchise, Property and Other State/Local Tax Issues, Sales and Use Tax

Fall Clean Up – SALT Considerations When Merging or Liquidating Entities – Beware of Hidden State Tax Dangers in Those Leaves

Wow, October is almost gone! One of my favorite but perhaps most frustrating chores this month is raking the leaves. There are several huge Pin Oaks around my home that provide great shade in the summer and a blanket of leaves in the fall. I always rake the leaves into one or two huge piles…

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Posted in State & Local Strategies, Income and Franchise, Personal Income Tax, Property and Other State/Local Tax Issues, Sales and Use Tax

New York State Tax Department Switches Banks – Affecting Taxpayers with Debit Blocks on Their Accounts

The New York State Tax Department is switching banks – and that should make you sit up and take notice if you or your clients use debit block services to electronically pay one or more New York State taxes. You only have until June 25, 2015 to contact your bank and have them add…

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