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New York State Taxation of Telecommuters

Where Did You Work During COVID for New York State Tax Purposes? Were you one of the lucky people who got to work from home because of COVID? Do you understand the possible tax implications? If you live and work in different states, you may be subject to taxation in more than one state.

2021-06-09T18:25:23+00:00June 9, 2021|Categories: Residency, New York State|

COVID-19 Sheltering in Place May Lead to Tax Liability for Clients

by Karen Tenenbaum, Esq., LL.M. (Tax), CPA It is not unusual for high-wealth clients to have more than one home. It could be a vacation house, an apartment in the city used for convenience, or dual residences in the Northern and Southern U.S. for snowbirds. Individuals with multiple homes often will select their state

2020-12-03T22:58:53+00:00September 14, 2020|Categories: NYS Tax, Residency|

Did COVID-19 Change Your New York State Tax Residency?

If you have more than one home and COVID-19 altered certain of your activities, you could have a tax problem. Due to COVID-19, many taxpayers left one home for another home or were unable to change locations because of travel limitations. If that describes you, it could have affected your residency for state tax

2020-12-03T22:59:44+00:00July 21, 2020|Categories: NYS Tax, Residency|Tags: |

Snowbirds: How to Avoid Being a NYS Residency Audit Target

Do you own or rent residential property somewhere outside New York State and continue to maintain a home in New York State or City? You may be a target for a New York State or New York City residency audit from the NYS Department of Taxation and Finance. The State has been aggressive in

2021-08-27T02:39:18+00:00February 25, 2020|Categories: NYS Tax, Residency|

Will Your Second Home in New York Leave You with a Big Tax Bill?

If you have multiple homes with one of them in New York, you could face a residency audit and significant tax liability.  That is because of New York’s broad residency rules.  Even if you only have a convenience apartment or vacation home in the state, you could be considered a state resident if you

2020-09-23T18:19:06+00:00November 7, 2019|Categories: NYS Tax, Residency|

Where is Your True Home for Tax Purposes?

New York has high taxes, so some taxpayers try to change their residency to avoid them. New York residents are required to pay state tax on all worldwide income; while non-residents are only subject to tax on income allocable to New York, such as wages earned for services provided within the State, rents from

2020-09-23T18:37:41+00:00April 11, 2019|Categories: NYS Tax, Residency|

The Latest on IRS Innocent Spouse Requests, Appeals and Litigating in U.S. Tax Court

Did you miss the Long Island Tax Professionals Symposium? Below is a recap from one of the many stellar programs. Thanks to Hana M. Boruchov, Esq., Tenenbaum Law, P.C.; Frank Agostino, Esq., LL.M. (Taxation), Agostino & Associates, P.C.; and Noelle Geiger, Esq., Grassi & Co. for their great tips on getting innocent spouse relief

2020-09-23T19:22:49+00:00December 17, 2018|Categories: NYS Tax, Residency|

Using Technology to Protect Against a New York Residency Tax Audit

Many people get a second home without understanding the tax implications. Whether it’s maintaining a vacation home, an apartment close to work or a place to snowbird, one of those homes could lead to a big tax bill. Residency audits are a common way for states to collect money. New York State is particularly

2021-08-26T20:58:30+00:00September 6, 2018|Categories: NYS Tax, Residency|Tags: |

Think You’ve Moved to Florida? Better Think Again!

New York residency audits are challenging and difficult ordeals, just ask anyone who has experienced one. When domicile is the issue, a taxpayer must clearly demonstrate both that he has abandoned his old domicile and established a new one. This can be more frustrating than you might assume, especially where a taxpayer’s lifestyle straddles

2020-09-15T20:38:46+00:00June 7, 2018|Categories: NYS Tax, Residency|

The Latest on New York State Tax Collections: Takeaways from the LI Tax Professionals Symposium

Audits are stressful experiences especially when it’s likely the taxpayer could owe a significant amount in back taxes and penalties. CPAs must be prepared to advise clients about how to deal with these situations. At the recent Long Island Tax Professionals Symposium, the attorneys from Tenenbaum Law spoke about several recent developments and methods

2020-10-15T18:31:12+00:00November 28, 2017|Categories: NYS Tax, Residency|Tags: , |
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