Articles

2008-2009 New York State Budget: Jun-09-2008 — On April 23, Governor David A. Patterson signed New York State’s 2008-2009 budget bill into law. This article summarizes the new legislation the Legislature enacted.
Refund opportunity for nonresidents with stock option income: Aug-29-2006 — A recent New York Tax Appeals Tribunal ruling may present a refund opportunity for nonresidents who paid tax to New York on stock option income using the “grant-to-exercise” rule.
New law increases strictness and severity of publication requirements for LLEs and LPs: Aug-17-2006 — Businesses are strongly encouraged to consult with their lawyers and carefully analyze these new provisions and consider the impact upon entities they form.
New York State Property Tax Rebate Program: Jul-13-2006 — New York State homeowners can expect increased tax savings in the form of either a rebate or a tax credit later this year.
2006-07 New York State Budget: Jul-12-2006 — The New York State Legislature recently voted to override Governor Pataki’s veto of the original budget legislation. This article summarizes the new legislation the Legislature enacted.
FDIC increases protection for retirement funds: Jun-30-2006 — The new rules, however, do not insure non-retirement accounts at the same institution.
Tax Alert: Erie County Sales Tax Rate Increase: Jan-12-2006 — Effective January 15, the local sales tax rate in Erie County, NY will increase to 4.75 percent. This local rate increase will bring the combined sales tax rate to 8.75 percent. This new rate will remain in effect through November 2007.
Tax Alert: Katrina Emergency Tax Relief Act of 2005 (KETRA): Nov-04-2005 — As a result of this temporary provision, individual taxpayers can almost totally eliminate their federal taxable incomes for 2005.
Cross-Border Estate Planning Basics: Jul-25-2005 — Canadian residents who acquire property located or deemed to be located in the United States are subject to potential U.S. estate tax on the value of that property owned at death.
Planning for Beneficiaries With Special Needs: Jul-25-2005 — Planning for beneficiaries with special needs requires special attention and special drafting of estate planning documents.
Corporate Fiduciaries, Advisors and Other "Co-Trustees" - Perhaps Your Trust Isn't Exempt From New York State Income Tax: Mar-15-2005 — New York resident trusts that were once thought to be exempt from New York income tax may now be taxable.