Dec-07-2005
— According to the interpretation of the sales tax statute by the NYS Dept. of Taxation and Finance, there is no limit whatsoever to the liability of a limited partner or LLC member for the sales and use taxes that should have been collected by the entity.
May-26-2003
— The taxation of information services is a confusing and evolving area, but once the rules are understood, the necessary steps can be taken to minimize or reduce the multistate tax compliance burden.