Morrison & Foerster LLP | USA | 8 Apr 2019
As we went to press, the New York State Legislature passed the New York State Budget Bill for 2019-20, containing several new and important tax…
Morrison & Foerster LLP | USA | 4 Jun 2018
It has been nearly six months since the enactment of the sweeping Federal Tax Cut and Jobs Act of 2017. With the New York State Legislature nearing…
Morrison & Foerster LLP | USA | 4 Nov 2016
The New York State Department of Taxation and Finance has recently released draft Article 9-A regulation amendments under corporate tax reform…
Morrison & Foerster LLP | USA | 4 Aug 2016
Personal liability for sales tax for members of a limited liability company has again been placed in issue in a case involving individual members who…
Morrison & Foerster LLP | USA | 3 Oct 2015
The New York State Department of Taxation and Finance has released draft amendments to the Article 9-A corporate franchise tax regulations to address…
Morrison & Foerster LLP | USA | 28 Sep 2015
This is an important reminder that non-securities dealer corporations subject to New York State and City corporate tax have until September 30, 2015…
Morrison & Foerster LLP | USA | 3 Sep 2014
The Department of Taxation and Finance has placed on its web site an important special section devoted to developments under the recently enacted…
Morrison & Foerster LLP | USA | 4 Oct 2011
In the May 2011 issue of New York Tax Insights, we discussed a new policy memorandum of the Department of Taxation and Finance that provided partial relief from personal liability from sales tax for qualifying limited partners and members of limited liability companies.
Morrison & Foerster LLP | USA | 2 May 2011
The Department of Taxation and Finance has enacted a new policy that offers partial relief from personal liability for sales tax for qualifying limited partners and members of limited liability companies.
Morrison & Foerster LLP | USA | 1 Apr 2011
In an Advisory Opinion with important implications, the Department of Taxation and Finance has ruled that the foreign corporate limited partner election under Article 9-A is not available to a corporation holding a general partnership interest in a partnership that was not itself conducting business in New York State, but which received income from another partnership that did.