McDermott Will & Emery
Subscribe to McDermott Will & Emery's PostsReporting Audit Changes – New York City Amends Provision on Apportionment
By McDermott Will & Emery on May 6, 2015
Posted In Allocation/Apportionment, Audits, Income Tax, New York, Procedure
On April 13, 2015, Governor Andrew Cuomo signed into law two bills related to the 2015-2016 budget (S2009-B/A3009-B and S4610-A/A6721-A) (Budget Bill), containing several significant “technical corrections” to the New York State corporate income tax reform enacted in 2014, along with sales tax provisions and amendments to reform New York City’s (the City’s) General Corporation...
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New York State Tax Department Releases Guidance on Tax Reform Legislation
By McDermott Will & Emery on Apr 8, 2015
Posted In Income Tax, New York, Nexus
The New York State Department of Taxation and Finance (the Department) has been issuing guidance explaining the 2014 corporate tax reform legislation (generally effective on January 1, 2015) through a series of questions and answers (known as FAQs), recognizing that providing guidance through regulations is cumbersome and takes a long time. On April 1, the...
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Inside the New York Budget Bill: New York City Tax Reform
By McDermott Will & Emery on Apr 3, 2015
Posted In Allocation/Apportionment, Income Tax, Local Tax, Nexus, Tax Base
The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the Budget Bill) containing several significant “technical corrections” to the New York State corporate income tax reform enacted in 2014, along with sales tax provisions and amendments to reform New York City’s General Corporation Tax. ...
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Inside the New York Budget Bill: Sales Tax Provisions
By McDermott Will & Emery on Apr 3, 2015
Posted In Incentives, New York, Sales Tax
The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the Budget Bill) containing several significant “technical corrections” to the New York State corporate income tax reform enacted in 2014, along with sales tax provisions and amendments to reform New York City’s General Corporation Tax....
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Inside the New York Budget Bill: Net Operating Losses and Investment Tax Credit
By McDermott Will & Emery on Apr 3, 2015
Posted In Incentives, Income Tax, New York, Tax Base
The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the Budget Bill) containing several significant “technical corrections” to the New York State corporate income tax reform enacted in 2014, along with sales tax provisions and amendments to reform New York City’s General Corporation Tax. ...
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Inside the New York Budget Bill: Combined Reporting
By McDermott Will & Emery on Apr 3, 2015
Posted In Income Tax, New York
The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the Budget Bill) containing several significant “technical corrections” to the New York State corporate income tax reform enacted in 2014, along with sales tax provisions and amendments to reform New York City’s General Corporation Tax. ...
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Inside the New York Budget Bill: Apportionment
By McDermott Will & Emery on Apr 2, 2015
Posted In Allocation/Apportionment, Income Tax, New York
The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the “Budget Bill”) containing several significant “technical corrections” to the New York State corporate income tax reform enacted in 2014, along with sales tax provisions and amendments to reform New York City’s General Corporation Tax. ...
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Inside the New York Budget Bill: Tax Rates and Qualified New York Manufacturers
By McDermott Will & Emery on Apr 2, 2015
Posted In Incentives, Income Tax, New York
The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the “Budget Bill”) containing several significant “technical corrections” to the New York State corporate income tax reform enacted in 2014, along with sales tax provisions and amendments to reform New York City’s General Corporation Tax. ...
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Inside the New York Budget Bill: Tax Base and Income Classifications
By McDermott Will & Emery on Apr 2, 2015
Posted In Allocation/Apportionment, Income Tax, New York, Tax Base
The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the Budget Bill) containing several significant “technical corrections” to the New York State corporate income tax reform enacted in 2014, along with sales tax provisions and amendments to reform New York City’s General Corporation Tax. ...
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Inside the New York Budget Bill: Economic Nexus
By McDermott Will & Emery on Apr 2, 2015
Posted In Income Tax, New York, Nexus
The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the “Budget Bill”) containing several significant “technical corrections” to the New York State corporate income tax reform enacted in 2014, along with sales tax provisions and amendments to reform New York City’s General Corporation Tax. ...
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