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Tom Corrie is a principal at Friedman LLP and co-leader of the firm's State and Local Tax Group. He has more than 30 years of experience, having previously served as the regional managing director of the state and local tax practice at a large national tax consulting firm. In addition, Tom has served in tax roles for major law practices and "big four" accounting firms.
Tom has worked with clients in a broad array of industries and fields, including manufacturing, retail, real estate, wholesale, entertainment, telecom, financial, banking and investment. His experience includes advising high-net-worth individuals with respect to both their personal and business state and local tax matters.
Tom has spoken on state and local tax issues before a broad spectrum of audiences from various organizations.
His expertise includes:
In the wake of the pandemic and significant economic hardships, businesses are seeking opportunities to revamp their business, inject new...
Read moreIn the wake of the pandemic and significant economic hardships, businesses are seeking opportunities to revamp their business, inject new...
Read moreThe shift in employees working from home is greatly impacting states' income taxes. Tom Corrie, Principal and Co-Leader of the State...
Read moreThe New York Forward Loan Fund (“NYFLF”) is an economic recovery program that administers affordable, non-forgivable working capital loans. The...
Read moreIn the wake of the pandemic and significant economic hardships, businesses are seeking opportunities to revamp their business, inject new...
Read moreThe shift in employees working from home is greatly impacting states' income taxes. Tom Corrie, Principal and Co-Leader of the State...
Read moreOn January 26, 2020, the City of Philadelphia (the “City”) released guidance announcing that employers would be able to file...
Read moreThe New York Forward Loan Fund (“NYFLF”) is an economic recovery program that administers affordable, non-forgivable working capital loans. The...
Read moreHear Friedman's State and Local Tax experts tackle how COVID-19 and rising costs-of-living are prompting unprecedented changes in residency and...
Read moreTom Corrie, Principal and Co-Leader of the State and Local Tax Practice at Friedman LLP, recently shared his views with...
Read moreOn November 9, 2020, the Internal Revenue Service (“IRS”) issued Notice 2020-75 (“Notice”), which announced that proposed regulations will be...
Read moreAs employees continue to work remotely through the COVID-19 pandemic, some states are concerned about potential lost tax revenue with...
Read moreAs taxpayers continue to wrestle with the challenges brought about by the COVID-19 pandemic, one important question remains, how will...
Read moreTom Corrie, Principal and Director of State and Local Tax at Friedman LLP, recently spoke with Jeff Roberts at Fortune on...
Read moreThe COVID-19 pandemic has caused a monumental fiscal crisis not seen in the U.S. since the Great Depression. In response,...
Read moreTom Corrie, Principal and Director of state and local tax at Friedman LLP, recently spoke with Financial Advisor on how clients...
Read moreStates and cities are facing the worst fiscal crisis in decades and a little-noticed provision in New York’s tax law...
Read moreTom Corrie, a Principal at Friedman LLP, was recently featured in a publication by Thomas Reuters. “Many states now require out-of-state...
Read moreIf you sell, buy or rent real estate in New York, you may be liable for new taxes following significant...
Read moreFriedman's State and Local Tax Practice Leader, Tom Corrie, recently shared how New Jersey's SALT deduction may affect small businesses. “When...
Read moreBob Charron sat with State & Local Tax Experts, Tom Corrie and Alan Goldenberg to find out everything you need...
Read more1 year and 43 states later, grasping the widespread changes created by the Wayfair Ruling on sales tax is still...
Read moreDirector of Friedman's State and Local Tax (SALT) Group, Tom Corrie, recently discussed how SALT issues are becoming more and...
Read moreDirector of Friedman's State and Local Tax Group, Tom Corrie, recently discussed the wide-ranging effects that the cap on state...
Read moreDirector of Friedman's State and Local Tax (SALT) group, Tom Corrie sat down with Forbes to discuss multi-state residency, as...
Read moreAs states continue to move forward, adopting varying approaches to market-based sourcing and economic nexus, taxpayers must understand how these...
Read moreFriedman's State and Local Tax (SALT) Practice Leader, Tom Corrie, recently discussed the large impact that the $10,000 cap imposed on SALT...
Read moreSince the 2017 Tax Cuts and Jobs Act, New York, New Jersey and Connecticut have been fighting against a cap...
Read moreFriedman's State and Local Tax Practice Leader, Tom Corrie, recently spoke with ROI-NJ about the dilemma New Jersey tax payers face...
Read moreWatch the full recording of our recent webinar on increased unclaimed property risks and how to mitigate your company's financial and...
Read moreIn the state personal income tax area, perhaps no subject is less understood than the concept of “domicile,” or what...
Read moreThe Wayfair Ruling on sales tax overturned the physical presence rule and gives states the authority to impose sales tax...
Read moreDirector of Friedman's State and Local Tax Group, Tom Corrie, recently shared exclusive insights in an article by NJBiz covering New...
Read moreWatch this exclusive video featuring Tom Corrie, JD, LLM, Principal for powerful insights to help you navigate and maximize your individual tax position...
Read moreFriedman’s Tom Corrie responds to the recent news about the four Democratic-led northeastern states that sued the Trump administration to...
Read moreThe New York Department of Taxation and Finance has issued a much anticipated tax memorandum clarifying how its new, optional...
Read moreROINJ sought Tom Corrie’s expert knowledge about the new sales tax ruling in New Jersey. Learn how this recent ruling...
Read moreOver the weekend, New Jersey Governor Phil Murphy and state lawmakers reached a budget deal and became the last state...
Read moreAs a follow up to our recent Tax Alert covering the June 21, 2018 U.S. Supreme Court decision in the...
Read moreOn June 1, 2018, significant NYC Commercial Rent Tax (“CRT”) changes took effect in an effort to provide tax relief for...
Read moreToday, the Supreme Court ruled in favor of a South Dakota law that requires remote sellers to collect and remit...
Read moreTom Corrie sheds light on the Supreme Court’s viewpoints on sales tax as it relates to South Dakota v Wayfair...
Read moreAmazon revealed the 20 cities or areas that made the first cut in its site selection process for a second...
Read moreOn March 30, the New York Legislature passed a $168.3 billion budget bill containing a variety of changes aimed at...
Read moreLike many states, Connecticut is wrestling with how the Tax Cuts and Jobs Act's ("TCJA") $10,000 limitation on a taxpayer's...
Read moreCommercial rent in Manhattan has skyrocketed in recent years, driving many restaurants and stores out of business or forcing them...
Read moreOn December 22, 2017, Governor Cuomo executed an emergency Executive Order that allows New Yorkers to prepay their 2018 property taxes in 2017, prior to the effective date of the new federal tax law that imposes limits on the amount of the state and local tax deduction.
Read moreAs Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely study featuring insights gleaned from a...
Read moreNearly twenty years ago, while consulting with several clients about state and local tax issues, I discovered a problematic theme—noncompliance...
Read morePerhaps one of the most misunderstood areas in the state and local tax field is that of “use tax.” Most...
Read moreSales and use tax considerations can be quite complex, and when applied to the purchase of high-end art, these taxes...
Read moreThe demise of many of the larger traditional “bricks and mortar” retailers, coupled with the remarkable growth of mega online...
Read moreAs Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely series of insights gleaned from...
Read moreDefining the Issue It is no secret that the annual growth rate of internet retail sales is far outpacing the yearly...
Read moreThe scenario is generally the same. I receive a call from a taxpayer who has just been informed by the...
Read moreA Common Problem Recently, I received a call from a gentleman who had been doing business in New York City for...
Read moreRecently, both New York State (the “State”) and New York City (the “City”) have modified the methods prescribed with respect...
Read moreTom Corrie, State and Local Tax practice leader, discusses how direct marketing and internet sales connect to state and local...
Read moreThink you've escaped a huge tax bill by heading to a tax-free state or another country? It all depends what...
Read morePerhaps nothing causes more consternation among small and mid-sized business owners than the employee versus independent contractor problem. Generally, the...
Read morePerhaps there is no area of state and local tax law that is more perplexing to businesses than sales and...
Read moreNew York City Commercial Rent Tax (“CRT”) certainly has a habit of sneaking up on people. In fact, many professionals and non-professionals simply do not know it exists – that is until an audit notice comes their way.
Read moreThe sourcing of wages has become a major concern for non-resident employees of New York businesses given the number of them now seeking to telecommute at least on a part-time basis. New York’s “convenience of the employer” rule (the “Rule”) is targeted directly at such situations, and can operate as a trap for the unwary in many cases.
Read moreAs a state and local tax practitioner located in New York City, one of the questions I hear most often from potential clients is "What is Commercial Rent Tax?" Usually, that inquiry is immediately followed by the exclamation "I didn’t even know such a tax existed!" After I start explaining the nature of the Commercial Rent Tax ("the CRT") to them, they generally find it difficult to believe that New York City (the "City") imposes a tax on the very expensive rent already being paid by them. Guess what, it does!
Read moreOften, when I am meeting with clients, I will bring up the subject of "unclaimed property." Many respond by saying that they don’t have any. Still others really haven’t a clue about the subject, and don’t appear overly interested in discussing it. My experience has been that just about all companies have unclaimed property. In the world of unclaimed property, such companies are referred to as "holders."
Read moreFriedman LLP recently promoted five of the Firm's professionals to Principal and two to Director. The promoted personnel are members of the tax, audit and FLVS departments, and are based in the New York City, East Hanover, Marlton and Linwood offices. All assumed their titles on July 1, 2014.
Read moreA recent unanimous decision by the New York State Court of Appeals with respect to the application of the state’s statutory residency law demonstrates that it is still possible for a lone taxpayer to challenge the Department of Taxation and Finance (the “Department”) regarding one of its favorite audit darlings, and prevail.
Read moreEarlier this month, the 2014-2015 NYS budget passed with an extension of all Lower Manhattan incentive programs.
Read moreThe 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.
Read moreIt’s not very often that state taxing officials present taxpayers with bona fide refund opportunities.
Read moreNormally, if a transaction is subject to sales tax, the tax is imposed upon the price charged the retail customer with respect to the sale of taxable tangible personal property or the provision of taxable services.
Read moreA recent ruling issued by the New York State Department of Taxation and Finance (the “Department”) provides some interesting guidance...
Read moreMany taxpayers, when confronted with an overwhelming New York State tax liability, throw their hands up to the sky in despair...
Read moreIn the wake of the pandemic and significant economic hardships, businesses are seeking opportunities to revamp their business, inject new...
Read moreWith COVID-19 and rising costs-of-living prompting unprecedented changes in residency and the way we do business, it’s also created a...
Read more1 year and 43 states later, grasping the widespread changes created by the Wayfair Ruling on sales tax is still...
Read moreFor businesses operating across multiple states, it’s critical to understand the impact of complex apportionment rules on your overall tax...
Read moreBefore changing your domicile for income tax purposes, watch our informative webinar for guidance on the far-reaching tax implications to...
Read moreThe Wayfair Ruling on sales tax overturned the physical presence rule and gives states the authority to impose sales tax requirements on out-of-state sellers....
Read moreTom Corrie, principal at Friedman LLP and director of the firm's State and Local Tax Group, to speak on “State...
Read moreFriedman LLP is delighted to be sponsoring and exhibiting at the upcoming annual ACEC NY winter conference where more than...
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