Tom Corrie

Tom Corrie sheds light on the Supreme Court’s viewpoints on sales tax as it relates to South Dakota v Wayfair...

Amazon revealed the 20 cities or areas that made the first cut in its site selection process for a second...

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

Like many states, Connecticut is wrestling with how the Tax Cuts and Jobs Act's ("TCJA") $10,000 limitation on a taxpayer's...

Commercial rent in Manhattan has skyrocketed in recent years, driving many restaurants and stores out of business or forcing them...

On 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.

As Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely study featuring insights gleaned from a...

Nearly twenty years ago, while consulting with several clients about state and local tax issues, I discovered a problematic theme—noncompliance...

Perhaps one of the most misunderstood areas in the state and local tax field is that of “use tax.” Most...

Sales and use tax considerations can be quite complex, and when applied to the purchase of high-end art, these taxes...

The demise of many of the larger traditional “bricks and mortar” retailers, coupled with the remarkable growth of mega online...

As Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely series of insights gleaned from...

Defining the Issue It is no secret that the annual growth rate of internet retail sales is far outpacing the yearly...

The scenario is generally the same. I receive a call from a taxpayer who has just been informed by the...

A Common Problem Recently, I received a call from a gentleman who had been doing business in New York City for...

Recently, both New York State (the “State”) and New York City (the “City”) have modified the methods prescribed with respect...

Tom Corrie, State and Local Tax practice leader, discusses how direct marketing and internet sales connect to state and local...

Think you've escaped a huge tax bill by heading to a tax-free state or another country? It all depends what...

Perhaps nothing causes more consternation among small and mid-sized business owners than the employee versus independent contractor problem. Generally, the...

Perhaps there is no area of state and local tax law that is more perplexing to businesses than sales and...

New 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.

The 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.

As 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!

Often, 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."

Friedman 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.

A 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.

Earlier this month, the 2014-2015 NYS budget passed with an extension of all Lower Manhattan incentive programs.

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.

It’s not very often that state taxing officials present taxpayers with bona fide refund opportunities.

Normally, 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.

A recent ruling issued by the New York State Department of Taxation and Finance (the “Department”) provides some interesting guidance...

Many taxpayers, when confronted with an overwhelming New York State tax liability, throw their hands up to the sky in despair...

Tom Corrie, principal at Friedman LLP and director of the firm's State and Local Tax Group, to speak on “State...

Friedman LLP is delighted to be sponsoring and exhibiting at the upcoming annual ACEC NY winter conference where more than...