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State Taxation

  • Preparing for a Successful New York State Audit Defense

    By:
    Karen J. Tenenbaum, Esq., LLM (Taxation)
    |
    Mar 1, 2022

    A client walks into your office with an audit notice from New York State. If you are not familiar with state audits, you may be wondering how similar they are to an IRS audit. Although the strategies are alike in many ways, there are also significant differences, particularly with residency and sales tax audits. At the 2021 NYSSCPA, New York and Tri-State Taxation Conference in December, our panel discussion on New York State Audit Defense and Alternative Strategies outlined the essential steps tax professionals should take to prepare for and resolve state tax audits as effectively as possible.

  • The “Last Call” for Medicaid Homecare Without a Look-Back Period for Transfers has Perhaps Arrived!

    By:
    Anthony J. Enea, Esq.
    |
    Jan 1, 2022
    For more than a decade, New Yorkers had been able to receive Medicaid home care services without worrying about the five-year look back period for non-exempt asset transfers (gifts), which is imposed for Medicaid nursing home eligibility. One could transfer all of their savings and home without incurring any period of ineligibility for Medicaid Home Care Services. Unfortunately, this advantage came to an end in 2020.
  • Pass-Through Entity Taxes: What to know

    By:
    Arvinder Kaur, CPA
    |
    Dec 1, 2021

    In 2018, the Tax Cuts and Jobs Act (TCJA) was enacted. As part of the revised provisions, the IRS limited the deductibility of state and local tax (SALT) payments as an itemized deduction for federal income tax purposes to $10,000 in a calendar year. This limitation has generally increased taxes due to the federal government for many individuals.

  • New Jersey Teleworking Tax Implications: During and After COVID-19

    By:
    Open Weaver Banks and Emma M. Savino
    |
    Nov 1, 2021
    As of October 1, 2021, the New Jersey Division of Taxation ended its taxpayer-friendly policies for businesses impacted by employees working remotely as a result of COVID-19.  In this article, we discuss both the regular and temporary rules in New Jersey for the three areas of taxation impacted by the Division’s COVID teleworking policy: (1) Corporation Business Tax (“CBT”); (2) sales and use tax; and (3) employer withholding.
  • Doing Business in New York: The Post-Pandemic Tax Landscape

    By:
    Elizabeth Pascal, JD, and Katherine Piazza
    |
    Oct 1, 2021
    Over the past 18 months or so, we’ve been writing and speaking about the ways in which the COVID-19 pandemic has precipitated or hastened many changes that businesses were already facing:  reimagining the workplace; relocating offices and their owners; and operating within an increasingly complex multistate tax and compliance landscape.
  • College Tuition and the Pandemic Impact in New Jersey

    By:
    Mark H. Levin, CPA, MS (Taxation)
    |
    Oct 1, 2021

    On June 29, 2021, New Jersey Governor Phil Murphy signed P.L. 2021 Ch. 128, the New Jersey College Affordability Act (CAA). The CAA makes several changes to the gross income tax, the aim of which is to make a college education more affordable to New Jersey taxpayers.

  • Minimizing the Risks of a New York State Residency audit After COVID

    By:
    Karen Tenenbaum, Esq., LLM. (Tax), CPA
    |
    Aug 1, 2021
    COVID-19 caused millions of people to make a change in where and how they were living. To get away from crowds, they left cities in favor of the suburbs. Others sheltered in place free of the obligation to travel to an office. In many cases, this did not affect their taxes. However, where taxpayers lived and worked in different states, an opportunity arose to revisit their taxes. 

 
Views expressed in articles published in Tax Stringer are the authors' only and are not to be attributed to the publication, its editors, the NYSSCPA or FAE, or their directors, officers, or employees, unless expressly so stated. Articles contain information believed by the authors to be accurate, but the publisher, editors and authors are not engaged in redering legal, accounting or other professional services. If specific professional advice or assistance is required, the services of a competent professional should be sought.