Private Client Insights, October 2021

October 5, 2021

Private Client Insights newsletter June 2021

Private Client Insights Newsletter September 2021

Remote Workers May Owe New York Income Tax, Even If They Haven’t Set Foot in the State
By Jennifer PrendamanoJames (Jay) M. Brower, Jr.

Taxpayers may be surprised that they still owe New York State income taxes even after a successful NYS domicile change if they work remotely for a New York-based company.
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Private Client Insights Newsletter September 2021

Mansion Tax Adds to Array of Transfer Taxes When Buying, Selling Real Property
By Neil A. Sonenberg & Erin Kiernan

When buying and selling real estate in New York City, transfer taxes are generally expected. However, buyers of valuable real estate in New York City should also be aware of the Mansion Tax, an additional tax of 1% to 3.9% of the sales price over $1 million.
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Private Client Insights Newsletter September 2021

Reminder: New York Pass-Through Entity Tax Elections Are Due October 15, 2021
By Jennifer PrendamanoJames (Jay) M. Brower, Jr.

The deadline to elect-in to New York’s new Pass-Through Entity tax for the 2021 tax year is October 15, 2021. But those who are eligible must set up a Business Online Services account in advance. Learn if your organization qualifies and find instructions on how to set up an account.
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Private Client Insights Newsletter September 2021