Ideas & Insights

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.

New York enacts legislation further decoupling New York City corporate and UBT taxes from certain CARES Act provisions.

The decision may impact sourcing positions taken by the financial service industry for New York State and New York City tax purposes.

The bills address the state's IRC conformity as it relates to new federal section 163(j) limitation rules, among other provisions.

Three states have prescriptions for opioid taxes on manufacturers and distributors. Here’s what you need to know.

Budget bill address GILTI, qualified manufacturers, sales tax nexus, personal income tax rate extensions and property tax rate caps.

New life sciences businesses can earn up to a maximum tax benefit of $1.5 million in tax credits over three years.

Sales and use tax registration and collection are required when a remote seller exceeds $300,000 of sales in over 100 transactions.

Payroll tax aimed at offsetting state and local tax deduction cap for individuals begins to take shape; election required for 2019.

Responding to federal tax reform, New York addresses the state and local tax deduction and the new federal international tax provisions.

Commercial Rent Tax benefits include increase in tax exemption threshold amount and credit for certain lower rents and incomes.

Taxpayers and preparers may be required to provide state driver’s license information as an increasing number of states include the mandate in ...

New York tax tribunal determines that a taxpayer with extensive Florida connections did not change domicile for 2007 tax year.

New York advises seller that the sale of a tablet-based product that remotely accesses software is taxable as a sale of canned software.

New York provides procedures for identifying stock as investment capital for the purposes of the state’s exemption for investment income.

The New York Tax Appeals Tribunal finds that a group of corporations were engaged in a unitary business and separate reporting distorted their income.

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.

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.

New York tribunal finds online travel company’s receipts were more properly sourced as services to the location where performed by seller.

New York Tribunal holds taxpayers can file combined returns solely because combination is necessary to avoid distortion.