State & Local Tax

2004-2005 Tax News

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.