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Friedman LLP

State & Local Tax (SALT)

State & Local Tax (SALT)

Taking the sting out of SALT
  • Overview
  • Service Menu
  • Client Success
  • Insights & Events

Overview

Whether you are a business executive or an individual taxpayer, it’s critical that you understand the state and local tax (SALT) issues that confront you. As states and other tax authorities continue to face revenue shortfalls, they look even closer at your state and local tax practices.

Gain peace of mind from Friedman LLP’s SALT Services Team. Our professionals stay current on state and local case law and ongoing legislative developments throughout the 50 states. We will proactively alert you to emerging tax obligations, exposures and possible refund opportunities.

Our dedicated state and local tax services team can help you:

  • Create a strategic tax plan to ensure compliance yet minimize tax obligations
  • Explore your nexus situation to determine and reduce areas of exposure
  • Comply with sales and use tax, including the complexities related to e-commerce
  • Discover incentives and credits or refund opportunities
  • Represent you in state or local tax examination
  • Comply with complex residency rules, should you rent or own more than one home
  • Stay informed about changing tax laws in all 50 states

The comprehensive and personalized approach of our state and local tax services specialists will help you achieve a streamlined tax structure, while minimizing the time you spend on compliance and maximizing your tax position. To learn more, reach out to a member of the SALT Services team or contact us.

Service Menu

Friedman’s dedicated State and Local Tax Services team can help you navigate these and other complex issues:

  • Income, franchise, sales and use, real estate transfer, mortgage recording, excise and gross receipts taxes
  • New York City unincorporated business and commercial rent taxes
  • Nexus minimization
  • State and local tax dispute resolution
  • State and local tax credits and incentives
  • Tax planning and compliance
  • Transactional due diligence
  • Unclaimed property compliance and dispute resolution
  • Voluntary disclosure agreements

Client Success

Case Study:  Qualifying for Sales Tax Exemption

The Challenge

The client, a large privately held construction company, was investing more than $250 million to develop a property located in New York City to facilitate its use by the technology industry. The client came to Friedman at the suggestion of a major law firm to ask us whether the project qualified for a specific sales tax exemption.

The Solution

As the issue of whether the exemption applied was unclear, we advised the client that the best course of action was to submit a Request for an Advisory Opinion to the NYS Department of Taxation and Finance regarding the matter. At the client’s request, we prepared the Request and submitted it to the Department. We subsequently had numerous discussions with officials of the Department, as well as complied with their requests for additional information. Ultimately, a successful ruling was obtained.

Outcome

The client saw a savings of approximately $20 million.

Insights & Events

  • February 11, 2022 California Enacts Fix to SALT Cap Workaround and Restores Corporate Tax Breaks

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

    Read more
  • January 21, 2022 New Jersey Passes Bill to Correct Issues Arising from the Implementation of the NJ Business Alternative Income Tax

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

    Read more
  • January 4, 2022 How Tax-Friendly is Your State?

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

    Read more
  • November 3, 2021 Christian Burgos Featured on Yahoo Finance

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

    Read more
  • February 11, 2022 California Enacts Fix to SALT Cap Workaround and Restores Corporate Tax Breaks

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

    Read more
  • January 21, 2022 New Jersey Passes Bill to Correct Issues Arising from the Implementation of the NJ Business Alternative Income Tax

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

    Read more
  • January 4, 2022 How Tax-Friendly is Your State?

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

    Read more
  • November 3, 2021 Christian Burgos Featured on Yahoo Finance

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

    Read more
  • October 18, 2021 Tax Planning Guide 2021-2022

    After a tumultuous 2020, “uncertainty” remains the watchword, especially when it comes to tax planning. The shift in Washington and...

    Read more
  • September 18, 2021 Pass-Through Entity Taxes Can Help With Loss Of SALT Deductions

    A number of states have enacted pass-through entity taxes (PTETs) as a workaround for reductions in SALT deductions—a development that...

    Read more
  • September 2, 2021 Alert: NYS Provides Details With Respect to Its Pass-Through Entity Tax

    On August 25, the New York State (NYS) Department of Taxation and Finance issued a Technical Memorandum (TSB-M-21(1)C, (1)I) regarding...

    Read more
  • August 27, 2021 New York State Employer Compensation Expense Tax

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

    Read more
  • August 27, 2021 This Week In Tax | August 27

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

    Read more
  • July 13, 2021 Real Estate Impact of New York’s Fiscal 2021–2022 Budget Legislation

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

    Read more
  • May 25, 2021 Maximizing Your Tax Benefit in a Remote Working Environment

    An individual is subject to tax on all of their income by the state in which they are domiciled. Over...

    Read more
  • May 25, 2021 How to Comply with UP Audit and Avoid Penalties

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

    Read more
  • May 24, 2021 New York Adapts SALT Cap Workaround

    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...

    Read more
  • April 28, 2021 [Access Recording] Tax Implications of the Newly Signed NYS Budget Bill

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

    Read more
  • April 21, 2021 New York State Creates Elective Pass-Through Entity Tax Regime

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

    Read more
  • April 21, 2021 Governor Cuomo Signs New York 2021/2022 Budget Legislation

    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...

    Read more
  • April 11, 2021 Extended U.S. Tax Deadline Not A Reprieve For All

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

    Read more
  • April 9, 2021 Proposed NYS Budget for Fiscal Year Includes Major Tax Increases For the Wealthy

    In an attempt to take the title for highest tax rates in the country from California, New York State has...

    Read more
  • March 19, 2021 IRS Postpones SOME Tax Due Dates

    Despite continued reassurances that the IRS could handle all of the recent COVID-19 related stimulus — including another round of...

    Read more
  • March 4, 2021 Outlook from the Inside: SALT Implications of Telecommuting and State Residency Changes

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

    Read more
  • February 25, 2021 [Recording] Post-Pandemic: Tax Credits and Incentives to Grow Your Business

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

    Read more
  • February 9, 2021 City of Philadelphia Makes Tax Refunds Easier During Difficult COVID Times

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

    Read more
  • February 9, 2021 Get to Know the New York Forward Loan Fund

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

    Read more
  • January 21, 2021 [Access] Webinar Recording on COVID-19 Impact on State Residency & Taxation

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

    Read more
  • November 16, 2020 IRS Issues Guidance Confirming Deductibility of State Tax Payments by Pass-Through Entities Not Subject to SALT CAP

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

    Read more
  • November 12, 2020 What You Need to Know about State vs. State Telecommuting Rules During the Pandemic

    As employees continue to work remotely through the COVID-19 pandemic, some states are concerned about potential lost tax revenue with...

    Read more
  • November 2, 2020 Christian Burgos Joins Friedman as Co-Leader of SALT, Furthering the Practice's Expansion

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

    Read more
  • October 28, 2020 Tax Planning Guide 2020 - 2021

    During these unprecedented times, wise tax planning can provide much-needed financial relief to individuals and businesses. To help you make...

    Read more
  • August 12, 2020 Sailing Through Uncharted Waters: Working Remotely During the Pandemic and New York’s “Convenience of the Employer Rule”

    As taxpayers continue to wrestle with the challenges brought about by the COVID-19 pandemic, one important question remains, how will...

    Read more
  • August 10, 2020 IRS Publishes Final Regulations on SALT Cap Workarounds

    Last week, the Treasury and IRS announced final regulations limiting the effectiveness of certain State and Local Tax (“SALT”) cap workarounds. Following...

    Read more
  • June 22, 2020 The Wayfair Decision: Two Years Later and More Important Than Ever

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

    Read more
  • June 11, 2020 Taxing Nonresidents in the Time of a Pandemic: New York vs. New Jersey

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

    Read more
  • March 21, 2020 NYC Delays the Deadline to File Tax Appeal

    On the evening of March 20th, New York City's Mayor, Bill de Blasio, signed an executive order delaying the deadline...

    Read more
  • February 5, 2020 Webinar Recording: Commercial Rent and Transfer Tax Changes

    If you sell, buy or rent real estate in New York, you may be liable for new taxes following significant...

    Read more
  • January 31, 2020 Will New Jersey’s SALT deduction work-around help its small-business owners?

    Friedman's State and Local Tax Practice Leader, Tom Corrie, recently shared how New Jersey's SALT deduction may affect small businesses. “When...

    Read more
  • January 24, 2020 The Wayfair Decision: Issues on the Horizon and the Impact on States and Sellers

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

    Read more
  • January 15, 2020 Unraveling the Details of NJ's Pass-Through Business Alternative Income Tax Act

    Bob Charron sat with State & Local Tax Experts, Tom Corrie and Alan Goldenberg to find out everything you need...

    Read more
  • January 15, 2020 Philadelphia Use and Occupancy Tax

    Since the financial crises of the late 2000s, out-of-town developers and institutional funds have flooded Philadelphia to capitalize on real...

    Read more
  • January 8, 2020 Why Taxpayers Are Leaving Cities Like New York and Los Angeles

    With the recent changes to the SALT deduction, many residents of high-tax states are opting to move elsewhere. “It took a...

    Read more
  • January 1, 2020 2019-2020 Tax Guide

    The elimination of familiar tax planning strategies under the Tax Cuts & Jobs Act (TCJA) in addition to potential changes...

    Read more
  • January 1, 2020 How Changes to New York State Transfer Taxes Impact New York City

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

    Read more
  • November 22, 2019 Webinar Recording: Unraveling Wayfair One Year Later

    1 year and 43 states later, grasping the widespread changes created by the Wayfair Ruling on sales tax is still...

    Read more
  • November 21, 2019 State and Local Tax Issues are Getting More Complex

    Director of Friedman's State and Local Tax (SALT) Group, Tom Corrie, recently discussed how SALT issues are becoming more and...

    Read more
  • November 1, 2019 SALT Deduction Workarounds: Where are We Now?

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

    Read more
  • October 7, 2019 Further Effects of the Cap on SALT Deductions

    Director of Friedman's State and Local Tax Group, Tom Corrie, recently discussed the wide-ranging effects that the cap on state...

    Read more
  • September 27, 2019 Webinar Recording: Reduce Your State Tax Liability - Navigating Apportionment Rules

    For businesses operating across multiple states, it’s critical to understand the impact of complex apportionment rules on your overall tax...

    Read more
  • September 16, 2019 Alan Goldenberg on Moving to Philadelphia

    Friedman's Alan Goldenberg recently discussed many tax payers' desire to leave high-tax states such as New York and New Jersey with...

    Read more
  • August 28, 2019 Tom Corrie Discusses What Happens When You Live in More Than One State

    Director of Friedman's State and Local Tax (SALT) group, Tom Corrie sat down with Forbes to discuss multi-state residency, as...

    Read more
  • July 24, 2019 Economic Nexus and Market-Based Sourcing: How to Stay Ahead in an Evolving Tax Landscape

    As states continue to move forward, adopting varying approaches to market-based sourcing and economic nexus, taxpayers must understand how these...

    Read more
  • July 24, 2019 Withholding Considerations for Nonresident Employees

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

    Read more
  • July 9, 2019 High-Tax State SALT Exodus

    Friedman's State and Local Tax (SALT) Practice Leader, Tom Corrie, recently discussed the large impact that the $10,000 cap imposed on SALT...

    Read more
  • June 26, 2019 Alan Goldenberg on New York and New Jersey Residents Moving Out

    Many individuals are looking for ways to mitigate the financial burden brought about by the $10,000 SALT Deduction cap in...

    Read more
  • June 20, 2019 The Cap on State and Local Tax Deductions Is Driving High-Tax State Residents Out

    Friedman's Alan Goldenberg recently sat with Fox Business to discuss the widespread impact the cap on state and local tax...

    Read more
  • June 18, 2019 IRS Bars SALT Deduction Workarounds

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

    Read more
  • June 12, 2019 States Lose Fight Against SALT Deduction Cap

    Since the 2017 Tax Cuts and Jobs Act, New York, New Jersey and Connecticut have been fighting against a cap...

    Read more
  • June 12, 2019 High-tax States SALT Workarounds with Alan Goldenberg

    This week the Treasury Department shot down a strategy high-tax states adopted to help ease the effects of the $10,000...

    Read more
  • May 24, 2019 Carl Bagell on Tax Law Frustrations

    Carl Bagell, Managing Partner of Friedman's Southern New Jersey office, recently spoke with NJBIZ on the challenges and uncertainties of this tax...

    Read more
  • March 28, 2019 Exploring the Four Categories of Non-business Interest

    The Tax Cuts and Jobs Act has made a significant impact — both directly and indirectly — on the deductibility...

    Read more
  • March 14, 2019 Tom Corrie on New Jersey Tax Filing

    Friedman's State and Local Tax Practice Leader, Tom Corrie, recently spoke with ROI-NJ about the dilemma New Jersey tax payers face...

    Read more
  • March 1, 2019 Webinar Recording: Unclaimed Property

    Watch the full recording of our recent webinar on increased unclaimed property risks and how to mitigate your company's financial and...

    Read more
  • January 31, 2019 All Roads Lead Home: What You Need to Know About Your Domicile for Tax Purposes

    In the state personal income tax area, perhaps no subject is less understood than the concept of “domicile,” or what...

    Read more
  • November 13, 2018 Tax Guide 2018-2019

    Concerned how the latest tax developments may impact your 2018 tax strategies? As you head into your 2018 tax planning, this...

    Read more
  • October 11, 2018 Webinar Recording: What the Wayfair Ruling on Sales Tax Means for Out-of-State Sellers

    The Wayfair Ruling on sales tax overturned the physical presence rule and gives states the authority to impose sales tax...

    Read more
  • August 6, 2018 [Video Series] Unraveling Tax Reform -- Leveraging Trusts

    Take advantage of a new income tax planning opportunity leveraging trusts with key insights from Jonathan Curry-Edwards, CPA.  Read the Transcript  Tax...

    Read more
  • July 23, 2018 [Watch Now] Unraveling Tax Reform -- State Impact

    Watch this exclusive video featuring Tom Corrie, JD, LLM, Principal for powerful insights to help you navigate and maximize your individual tax position...

    Read more
  • June 21, 2018 U.S. Supreme Court Upholds South Dakota’s Sales Tax Nexus Statute

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

    Read more
  • March 28, 2018 Tax Cuts and Jobs Act

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

    Read more
  • February 22, 2018 [Video] New Tax Code, New Strategies Seminar

    Gain the knowledge you need to reap tax benefits and avoid pitfalls in the wake of the most significant overhaul to...

    Read more
  • January 30, 2018 Key Tax Season Tips to Prepare You for Pennsylvania’s New 1099-MISC Withholding Tax Requirements

    If you own or operate a business in Pennsylvania, as you gear up for tax filing, know that the Pennsylvania...

    Read more
  • December 26, 2017 Governor Andrew Cuomo Signs Executive Order Allowing Taxpayers to Prepay 2018 Property Taxes

    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.

    Read more
  • December 4, 2017 New Jersey – Important Tax Changes for 2018

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

    Read more
  • November 9, 2017 House Tax Reform Bill: Digging Below the Surface to Reveal Critical Analysis

    By now, you’ve seen media headlines covering the House Tax Reform Bill introduced on November 2. What you may not...

    Read more
  • November 6, 2017 Download Tax Reform White Paper Now!

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

    Read more
  • November 1, 2017 Unclaimed Property Tips to Protect your Business in the Present

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

    Read more
  • September 28, 2017 White House Tax Reform Framework Released

    The White House released its promised tax reform agenda, known as the “September Framework.” While longer than the previous version,...

    Read more
  • August 17, 2017 State Tax Alert: MTC offers limited-time Voluntary Disclosure for Marketplace Sellers

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

    Read more
  • May 24, 2017 Sales and Use Tax when Purchasing Art

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

    Read more
  • May 24, 2017 Decoding State Tax Nexus for Foreign Companies

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

    Read more
  • May 18, 2017 Survey Finds Businesses with Online Sales May Not Be Prepared for States’ Broader Interpretations of Nexus Rules

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

    Read more
  • April 1, 2017 Special Tax Reform Series

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

    Read more
  • February 21, 2017 Foreign Companies: Federal Tax Treaties and State Tax Obligations

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

    Read more
  • February 21, 2017 A Truly Laden Cross to Bear: The Crushing Tax Burdens of New York

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

    Read more
  • December 12, 2016 Business Tax? But I’m Unincorporated!

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

    Read more
  • December 7, 2016 From There to Here – Sales Tax and Economic Nexus in an On-line World

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

    Read more
  • March 21, 2016 Sales Tax Collection By Out of State Vendors May End Up At Supreme Court Again

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

    Read more
  • November 11, 2015 5 last-minute tax-planning ideas

    Tax planning is a year-round endeavor, but several year end strategies might reduce your 2015 tax bill.Here are five to...

    Read more
  • November 11, 2015 Tax Tips

    Beware the passive foreign investment company Have you considered investing into an investment partnership that invests in PFICs? If so, think...

    Read more
  • November 11, 2015 Solving the play-or-pay conundrum

    For 2015 and after, employers retaining at least a certain number of employees (generally 50 full-time employees or a combination...

    Read more
  • November 11, 2015 Need a financial backup plan?

    The most effective estate-planning strategies often involve the use of irrevocable trusts. But what if you’re uncomfortable placing your assets...

    Read more
  • November 10, 2015 Use Tax Increasingly Important for Taxpayers

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

    Read more
  • November 10, 2015 Uncovering the Importance of Responsible Person Liability

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

    Read more
  • November 9, 2015 Who’s Winning the Tax War: NJ, NY or PA?

    When it comes to taxes, is there a state that is winning the ‘tax battle?’ NJCPA Magazine asked Friedman LLP...

    Read more
  • November 9, 2015 IRS may look for complexity, rather than size, when selecting partnerships to audit

    Is the new audit regime easier for the IRS to enforce and for practitioners to advise clients about? Michael Greenwald,...

    Read more
  • May 14, 2015 Help! What is New York's "Convenience of the Employer" Rule All About?

    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.

    Read more
  • May 14, 2015 State Tax Issues Caused By Federal Tax Audits

    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.

    Read more
  • March 24, 2015 Real Estate Transfer Taxes in New York

    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.

    Read more
  • November 5, 2014 Commercial Rent Tax – Did You Know?

    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!

    Read more
  • November 5, 2014 Second Homes In New York May Have Severe Tax Consequences

    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.

    Read more
  • July 9, 2014 One Thing States Can Agree on is Sales Tax

    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.

    Read more
  • July 9, 2014 State Tax Considerations of an S Corporation

    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.

    Read more
  • September 6, 2013 Received a Letter from the IRS, Now What?

    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.

    Read more
  • September 6, 2013 Just How Close Can You Get?

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

    Read more
  • July 8, 2013 ARE THEY KIDDING ME - I CANT PAY THIS!

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

    Read more
  • Tax Tips: May/June 2015

    A good tax-planning technique is to sell a poor-performing security to “harvest” the loss and offset it against your capital gains. But what if you have high hopes for the security and would like to keep it in your portfolio?

    Read more
  • February 24, 2021 Amplifying the Tax Benefits of Opportunity Zones

    Tune in for an insightful discussion examining little-known techniques to leverage the Opportunity Zone (OZ) program to yield significant tax benefits. Uncover unique strategies that can drastically impact after-tax investment outcomes for those who...

    Read more
  • February 23, 2021 [REGISTER] SALT Credits and Incentives to Grow Your Business

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

    Read more
  • January 21, 2021 COVID-19 Impact on State Residency: Tax Opportunities & Pitfalls

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

    Read more
  • September 26, 2019 [Webinar] Reduce Your State Tax Liability — Navigating Apportionment Rules

    For businesses operating across multiple states, it’s critical to understand the impact of complex apportionment rules on your overall tax...

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  • October 4, 2018 [Webinar] Navigating the New 199A Tax Guidance: How It Impacts You

    The IRS recently released the highly anticipated proposed regulations for Section 199A deductions. For self-employed individuals and pass-through entities, these regulations...

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  • March 7, 2016 ACEC NY CFO Seminar: Best Business Practices for Engineering Firms

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

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Spotlight

Spotlight
  • Maximizing Your Tax Benefit in a Remote Working Environment
    Maximizing Your Tax Benefit in a Remote Working Environment

    Have you relocated during the pandemic? Here are the tax details you need to know to maximize your tax benefit.

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  • Navigating PPP and the ERC
    Navigating PPP and the ERC

    Get expert advice to take advantage of both relief programs and reap the greatest value 

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People

People
  • Tom Corrie
    Tom Corrie
    JD, MA, LL.M., Principal
    tcorrie@friedmanllp.comp 212.842.7019
    f  212.842.7578
  • Christian J. Burgos
    Christian J. Burgos
    J.D., LL.M., CMI, Managing Principal
    CBurgos@friedmanllp.comp 332-216-0760
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