Tax Alert
State tax law changes for the first quarter of 2021
A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2021.
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Ideas & Insights
Tax Alert
New York City decouples from CARES Act provisions
New York enacts legislation further decoupling New York City corporate and UBT taxes from certain CARES Act provisions.
Tax Alert
New York fiscal year 2021 budget signed, includes COVID-19 relief
The bills address the state's IRC conformity as it relates to new federal section 163(j) limitation rules, among other provisions.
Tax Alert
New York state enacts 2019-2020 fiscal year budget
Budget bill address GILTI, qualified manufacturers, sales tax nexus, personal income tax rate extensions and property tax rate caps.
Tax Alert
New York releases guidance for remote sellers in response to Wayfair
Sales and use tax registration and collection are required when a remote seller exceeds $300,000 of sales in over 100 transactions.
Tax Alert
New York State passes 2018-2019 fiscal year budget
Responding to federal tax reform, New York addresses the state and local tax deduction and the new federal international tax provisions.
Tax Alert
New York City small businesses to receive Commercial Rent Tax benefits
Commercial Rent Tax benefits include increase in tax exemption threshold amount and credit for certain lower rents and incomes.
Tax Alert
Taxpayer domiciled in New York City for personal income tax purposes
New York tax tribunal determines that a taxpayer with extensive Florida connections did not change domicile for 2007 tax year.
Tax Alert
New York advises remote access to software is subject to sales tax
New York advises seller that the sale of a tablet-based product that remotely accesses software is taxable as a sale of canned software.
Tax Alert
New York issues investment capital identification guidance
New York provides procedures for identifying stock as investment capital for the purposes of the state’s exemption for investment income.
Tax Alert
New York Tax Appeals Tribunal allows taxpayers to use combined reporting
The New York Tax Appeals Tribunal finds that a group of corporations were engaged in a unitary business and separate reporting distorted their income.
Tax Alert
New York City income tax reforms enacted
New York amends New York City’s general corporate tax structure to bring it into partial conformity with New York’s 2014 state-level reforms.
Tax Alert
Deadline approaching for New York MCTMT returns
New York MCTMT returns for tax year 2014 are due by April 30, 2015, after which taxpayers will file MCTMT with their personal income tax returns.
Tax Alert
New York rejects sourcing of OTC receipts at location of customer
New York tribunal finds online travel company’s receipts were more properly sourced as services to the location where performed by seller.
Tax Alert
New York Tribunal considers distortion as a basis for combined reporting
New York Tribunal holds taxpayers can file combined returns solely because combination is necessary to avoid distortion.
Tax Alert
New York enacts sweeping tax reform legislation
New York Governor Andrew Cuomo has signed into law sweeping tax reform, radically revamping state taxation of corporations, banks and individuals.