News & Insights: jennifer prendamano

New York City Commercial Rent Tax – Don’t Be Caught Unaware


By Jennifer Prendamano  |  August 20, 2021

Commercial tenants in Manhattan may not know that they are subject to New York City’s Commercial Rent Tax (“CRT”) law. But they should inform themselves – and examine their lease agreements – or risk being hit with unexpected penalties. 

Qualifying for Home Office Deduction in Current Times


By Jennifer Prendamano |  Laura E. LaForgia  |  July 28, 2021

The home office deduction is a good news/bad news story. It’s good for self-employed individuals, who may take the deduction on federal tax returns. It’s bad for W2 employees, who may not take the federal deduction. However, some states have expanded the deduction since COVID-19 sent millions of workers home.

State Residency and Tax Issues During COVID-19


By Jennifer Prendamano  |  November 12, 2020

Due to COVID-19, many individuals have decided to, at least temporarily, move out of more populated areas to take up residence in vacation homes or other dwellings that are located in other states.  This has the potential to cause a dual residency issue for these individuals as both the state they left and the state they moved to may consider them residents for income tax purposes.