Tax News

New Sales Tax Rules Apply to Exempt Organizations: Aug-18-2008
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.
Client Alert - Municipal Bonds: May-24-2007 — The United States Supreme Court recently granted certiorari with respect to a major case involving municipal bonds.
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 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: Jun-15-2006 — On April 26, 2006, the New York State Legislature voted to override Governor Pataki’s veto of the original budget legislation. This article summarizes the new legislation the Legislature recently enacted.
Tax Alert: Erie County Sales Tax Rate Increase: Jan-12-2006 — Effective January 15, 2006, 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 30, 2007.
New York Releases Information on New Tax Shelter Legislation: Jun-02-2005 — This article includes a link to a Tax Department Memorandum on New York State's new tax shelter legislation.
Court of Appeals Upholds the “Convenience of the Employer Doctrine" in Matter of Huckaby: Mar-30-2005 — The Huckaby Court upheld the application of the controversial “convenience of the employer doctrine,” which in the Huckaby case was applied to tax 100% of the wages of a telecommuter who worked for a New York employer from his home in Tennessee.
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.
New York State Adopts 2004-2005 Budget: Nov-12-2004 — Many pressing tax policy issues, such as the modification of the Empire Zone Program, were not addressed, and only a few of the changes to the Tax Law are notable. A brief explanation of some of the more important changes follows.
Reduction of Petroleum Business Tax for Aircraft Operators: Nov-10-2004 — A recent change in the law, effective November 1, 2004, provides that only fuel burned during aircraft takeoffs from New York State will be subject to the petroleum business tax.
Dealers May Be Entitled to Refunds for Sales Tax Paid On Certain Purchases of Gasoline: Apr-29-2004 — Pursuant to a recent advisory opinion issued by the New York State Department of Taxation and Finance, automobile dealers may be entitled to refunds for sales tax paid on certain purchases of gasoline.
New York Tribunal Determines Auto Dealer Not Entitled to Resale Exclusion for Loaner Cars: Jan-20-2004 — A recent decision issued by New York’s Tax Appeals Tribunal illustrates the importance of careful drafting of automobile dealership sales and service agreements to avoid certain sales tax pitfalls.