State Taxation

  • Deconstructing Maryland v. Wynne: A Big-Time Development in the State Tax Area

    By:
    Timothy P. Noonan, CPA and Ariele R. Doolittle, Esq.
    |
    Oct 1, 2015
    It was a big year for the U.S. Supreme Court, which issued decisions on hot-button social issues and Obamacare.  But for us tax folks, no case was of more importance than the Court’s May 2015 decision in Comptroller of the Treasury of Maryland v. Wynne, which struck down an aspect of Maryland’s personal income tax scheme related to resident credits. 
  • 10 Questions on Deferred Management Fees for Hedge Fund Managers in 2017

    By:
    Timothy P. Noonan, JD, and Alan S. Kufeld, CPA, MST
    |
    Aug 1, 2015
    Over the past year, CPAs have been flooded with questions about the state tax implications of deferred management fee income that many hedge fund managers are expecting to receive in the near future. 
  • Tax Benefits of Energy-Efficiency Measures

    By:
    Kimberly Giese
    |
    Jun 1, 2015
    Energy is usually a “top five” expense item for any organization, but there are many ways to reduce the amount that an entity consumes or spends. These options are always site specific; they range from easy to complex, and the timeline and return on investment (ROI) vary by project. 
  • New York State Residency: What's New in 2015?

    By:
    Brian Gordon, CPA
    |
    Jun 1, 2015
    In 2015, the topic of interest for New York State residency is what effect—if any—the important events of last year had on audit policy. Last year, 2014, was an interesting year in the New York residency arena. 
  • Understanding the Military Spouse Residency Relief Act

    By:
    Daniel G. Mazzola, CPA, CFA
    |
    May 1, 2015

    The Service Members Civil Relief Act (SCRA) was established to protect military personnel from being sued while in the service of the United States and for up to one year following active duty. 

  • New York Residency Audits: Defending Foreign Domicile Changes

    By:
    JACK TRACHTENBERG, JD, ESQ. and JENNIFER S. GOLDSTEIN, JD, ESQ.
    |
    Mar 1, 2015
    Generally, to establish a change of domicile, a taxpayer must demonstrate a change of lifestyle such that the taxpayer’s subjective intent to make a new location his or her permanent home is substantiated by objective evidence.
  • Increased Enforcement of State Abandoned Property Laws

    By:
    Joseph Endres
    |
    Feb 1, 2015
    All 50 states, the District of Columbia and three Canadian provinces have abandoned property laws on their books. These laws are intended to safeguard the abandoned property of the jurisdiction’s citizens, who, for some reason, have failed to claim the property from the businesses holding it.
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