Christian J. Burgos

This week, California Governor Gavin Newsom signed into law Senate Bill 113 which provides a much needed fix to the Elective Pass-Through...

On February 9 California Governor Gavin Newsom signed into law Senate Bill (“S.B.”) 113 (“the Bill”) which provides a much...

On January 18, 2022, Governor Phil Murphy signed Senate Bill (S.B.) 4068 to revise the elective pass-through entity (PTE) Business...

What are the tax implications of moving from one state to another? How do you determine your “true home?” And...

For those looking to retire in the next few months, or who are simply planning ahead for the future, it's...

On October 1, 2021 the application window to elect into New York State’s Employer Compensation Expense Tax (“ECET”) will open...

Prepare for the month ahead with new tax highlights and guidance from our experts. She is Working Remotely – Independent Contractor...

With a recent trend in wealthy clients moving from high-tax to low-tax states, advisors are urging folks to think about the...

NEW YORK, NY, August 2, 2021 — Friedman LLP, a nationally recognized top-40 accounting, tax and business consulting firm, announced...

Welcome back to another weekly tax roundup, featuring insights on SALT Cap workarounds and PTE, pass-through deductions and PPP loans. The List is...

In the first issue of This Week in Tax we said it seemed that state and local tax (“SALT”) cap...

New York’s recently enacted fiscal 2021–2022 budget legislation introduced a myriad of significant state income tax changes that will affect...

Perhaps no area of compliance gives businesses more trouble than that of escheat, commonly known as unclaimed property (“UP”). I’ve...

Friedman's Christian Burgos recently appeared on the Stoler Report to discuss the SALT Cap Workaround, available to partnerships and S corporations, comprised solely of...

New York State's Governor Cuomo signed off on the largest state budget in the history of the state — with...

On April 19, 2021, Governor Andrew Cuomo signed New York State's fiscal-year 2021/2022 budget bill (S.2509-C/A.3009-C). The comprehensive budget legislation includes several changes to...

On April 19, 2021, New York State (“NYS”) Governor Andrew Cuomo signed the 2021-2022 budget bill, which includes the highly anticipated “Pass-Through...

Friedman’s State and Local tax expert, Christian Burgos shares why it may be more beneficial for some tax payers to...

What do I need to do from a payroll tax perspective? How to I remain compliant with reporting? These are...

In the wake of the pandemic and significant economic hardships, businesses are seeking opportunities to revamp their business, inject new...

The New York Forward Loan Fund (“NYFLF”) is an economic recovery program that administers affordable, non-forgivable working capital loans. The...

On January 26, 2020, the City of Philadelphia (the “City”) released guidance announcing that employers would be able to file...

Hear Friedman's State and Local Tax experts tackle how COVID-19 and rising costs-of-living are prompting unprecedented changes in residency and...

Christian Burgos, co-leader of the State and Local Tax practice at Friedman LLP, was recently quoted in TechRepublic on rising taxes...

On November 9, 2020, the Internal Revenue Service (“IRS”) issued Notice 2020-75 (“Notice”), which announced that proposed regulations will be...

Friedman is proud to announce that state and local tax specialist Christian Burgos, Esq. joined the firm as Managing Principal...

It’s hard to believe that we are approaching the second anniversary of the U.S. Supreme Court’s ruling in South Dakota...

Conceptually, state income taxes imposed on nonresidents is straightforward. Under the Due Process and Commerce Clauses of the U.S. Constitution,...

The COVID-19 pandemic has caused a monumental fiscal crisis not seen in the U.S. since the Great Depression. In response,...

By now, most businesses have heard of, or even experienced firsthand, the implications of the US Supreme Court’s ruling in...

The US Supreme Court ruling in South Dakota v Wayfair was the most significant development in state and local taxation in...

Just when you thought we’ve covered all there is to know about New York real estate transfer taxes, including the...

More and more taxpayers are beginning to feel the impact of the Tax Cuts and Jobs Act’s $10,000 cap on...

One of the more difficult aspects of tax compliance for employers is dealing with employees who travel outside of their...

As expected, the IRS on Tuesday put the kibosh on state programs designed to help taxpayers circumvent the newly imposed...

Marketplace providers (i.e., Amazon and EBay) with taxable sales into New York must collect and remit sales tax once they...

In light of the U.S. Supreme Court’s pivotal Wayfair decision, Friedman’s Michael Sacco, Partner, sat with Alan Goldenberg, Principal in...

The New York Department of Taxation and Finance has issued a much anticipated tax memorandum clarifying how its new, optional...

Over the weekend, New Jersey Governor Phil Murphy and state lawmakers reached a budget deal and became the last state...

As a follow up to our recent Tax Alert covering the June 21, 2018 U.S. Supreme Court decision in the...

Today, the Supreme Court ruled in favor of a South Dakota law that requires remote sellers to collect and remit...

While most states employ some type of a net income tax to raise revenue from businesses, some states impose a...

On March 30, the New York Legislature passed a $168.3 billion budget bill containing a variety of changes aimed at...

New York’s transfer taxes contain many nuances that impact their applicability, tax base and computations. Here, we examine how the imposition...

Sales and Use Tax: Effective January 1, 2018, New Jersey’s general 6.875% sales and use tax will be reduced to 6.625%....

For businesses operating in Philadelphia, it is critical to be aware of certain aspects of Philadelphia’s onerous business tax regime,...

States are often concerned that sellers of assets, particularly those from out-of-state, will disappear with the sales proceeds without satisfying...

News for online marketplace sellers in participating states: beginning August 17, 2017 through October 17, 2017, the Multistate Tax Commission...

In order for a state to legally impose its taxes upon an out-of-state entity, nexus – a connection between the...

For many foreign companies expanding their business operations into the United States, the focus of their tax planning usually centers...

It comes as no surprise to New Yorkers that year after year, numerous tax studies conclude that they face some...

Businesses are often surprised to learn of the New York City Unincorporated Business Tax (UBT), an entity-level tax imposed on...

Readers of this publication know that I have written extensively on the New York State Real Estate Transfer Tax (RETT)...

Back in January, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued Geographic Targeting Orders (GTOs) requiring...

On July 26, 2016, Pennsylvania’s Department of Revenue (DOR) issued a summary of the recently enacted 2016–2017 budget. Below are...

Some of the biggest compliance challenges facing taxpayers are not found with income taxes, but rather with sales tax. Properly...

Although I have previously discussed the conceptual framework of the New York State Real Estate Transfer (RETT) and the New...

When it comes to taxes, residency may have a bigger impact than you think. Taxpayers are generally acquainted with the...

Ignorance is bliss is a mantra for many taxpayers when it comes to compliance and tax obligations. When contacted by...

When it comes to federal tax returns, the Internal Revenue Service (“IRS”) currently offers three types of spousal relief. What...

For most businesses, the likelihood of being audited by the Internal Revenue Service (IRS) is less than 2%, but ask those who have been through one and the response is always the same – it is a long, gut-wrenching process, no matter how good your records are.

Real estate transfer tax is a tax imposed by states, counties and municipalities for the privilege of transferring real property within a jurisdiction. The tax is sometimes referred to as real estate conveyance tax, mortgage transfer tax or documentary stamp tax, among other terms.

Anyone craving emerging technology has surely seen the enormous interest generated by and surrounding Bitcoins. In just five years the little-known virtual currency has gone from being worth pennies to thousands of dollars apiece. And many speculators have been cashing in on them.

The New York State and New York City tax laws have numerous traps for unwary nonresidents. To avoid one of the biggest tax hazards, nonresidents owning or renting homes within New York must be aware of the applicable residency tests and what records they should maintain to avoid a dual residency determination. Nonresidents of New York State are only taxed on income earned in or sourced to the state. New York City only taxes city residents. However, if a nonresident is not attentive to the residency tests, the tax consequences can have New York State, and possibly New York City, seeking to impose tax on all income, including interest, dividends, and capital gains, regardless of its source.

On September 17, 2014, the New Jersey Division of Taxation announced a limited tax initiative for individuals and businesses who have unpaid New Jersey tax liabilities. The years covered under the program are tax periods 2005 through 2013.

In recent years, the big sales tax topic has been the emergence of the so-called "Amazon" laws, whereby an out-of-state Internet retailer who has a "click-through" arrangement with a local vendor must collect sales tax in that state, even if it has no physical presence there.

Recent amendments to the New York Tax Law have changed the payment and filing due dates of the Metropolitan Commuter Transportation Mobility Tax (MCTMT) for self-employed individuals. Individuals with net earnings from self-employment are required to make estimated MCTMT payments and to file annual MCTMT returns for the tax year. The new MCTMT payment and filing due dates now conform to the personal income tax payment and filing due dates. Effective for tax years beginning on or after January 1, 2015, estimated MCTMT payments are due on April 15, June 15, September 15, and January 15, and annual MCTMT returns must be filed by April 15. It should be noted that the payment and filing due dates for employers have not changed.

Notwithstanding the different agendas of the various states, the benefit inherent in sales and use taxes seems to be one area that they are able to agree on.

In general, the earnings of a corporation are often taxed twice both at the federal level and at the state and local level. Ordinary corporations, commonly known as Subchapter C corporations (or “C corporations”) are taxed on their income at the entity level, and should the corporation’s income be distributed to its shareholders via a dividend distribution, such income is taxed again at that level.

The New York City Department of Finance requires owners of income-producing property in New York City, that have an assessed property value of more than $40,000, to file an annual Real Property Income and Expense (RPIE) statement. A net lessee, responsible for all the real estate taxes on a New York City property, may file in lieu of the owner. By law, 2013 RPIE statements must be filed electronically by June 2nd. Statements for 2014 will be due June 1, 2015.

Although the dreaded tax day deadline has passed, for a number of taxpayers the difficulty may just have begun. Millions of Americans, who have waited the better part of a year to receive tax refunds, are in for a big shock when they learn that their refunds were sent to someone else as a result of tax-related identity theft. The legitimate refund will now take considerable time to be received by the taxpayer.

The purchase of an existing business is generally structured in one of two alternative ways: purchase the entity outright, or purchase only the assets of the business.

Heads up to those who have outstanding New York tax liabilities; the state is getting tougher than ever in pursuing collection of these funds.

As you probably have heard from the news coverage of the budget debates, New York, like most states, is in the midst of a financial shortfall.

With state governments facing sharp declines in tax revenue and increases in fiscal spending, more and more states are searching for additional revenue streams.

Every taxpayer at one time or another will get some type of correspondence from the IRS, but many are unaware of the proper steps to take in responding to it.

In most states, sales tax is imposed on the sale of tangible personal property and certain specifically enumerated services.

With states ramping up audits of unclaimed property reporting as a means to uncover revenue, businesses need to be aware...

New York State's Governor Cuomo signed off on the largest state budget in the history of the state — with...

In the wake of the pandemic and significant economic hardships, businesses are seeking opportunities to revamp their business, inject new...

With COVID-19 and rising costs-of-living prompting unprecedented changes in residency and the way we do business, it’s also created a...