Snowbirds need to be concerned about their residency status for income tax purposes in light of Hurricanes Harvey and Irma. Clients who retreated to New York or clients who had planned to travel from New York to Florida but could not find transportation, need to know the effect of spending more time in New York. … Continue Reading
A taxpayer changing domicile to outside New York faces a daunting task, especially when the New York residence is not abandoned. The taxpayer must have the intent to make the new location his or her new permanent home and act on this intent. To determine what is in a taxpayer’s mind is not always an … Continue Reading
California allows cities and counties to impose a tax on certain real estate transfers at a rate of 0.11 percent of the sales price. Los Angeles County enacted an ordinance to impose the tax on transfers within the county. Recently, the county took the position that a change of control of an entity holding real property in … Continue Reading
