Tax

Tax

Steven P. Bryde | Marks Paneth LLP

Is your client a resident of New York State for tax purposes? Under NYS Tax Law Section 605(b), a resident is defined as someone who is domiciled in New York State, or who maintains a “permanent place of abode” (PPA) and spends more than 183 days of the tax year in New York. A...

Tax

Carolyn R. Caufield, Christina M. Mason | Kelley Drye & Warren LLP

There has been considerable talk over the past five years about the substantial changes in the federal estate tax that were made permanent at the end of 2012, with the exemption increased to $5 million plus adjustments for inflation and portability between spouses. However, relatively little...

Audit

Martin J. Skrip, Emily Hall | Andersen Tax (FKA WTAS)

Word on the street is that CFOs and corporate controllers have been commenting that their external auditors are requesting more documents and details than usual on every aspect of financial reporting, including the area of accounting for income taxes. These new and unanticipated demands are...