Skip to content 
Corporate taxpayers in New York State pay tax equal to the highest amount calculated under three alternative tax bases: business income; capital base; or fixed dollar amount. The starting point for the New York State business income is the federal income tax base. Certain additions are required, including: income from non-New York bonds; depreciation adjustments; […]
Corporate income and franchise taxes in New York Read More »
We have written much on FATCA – https://htj.tax/2019/11/fatca-automatic-exchange-of-information/ The IRS issued final regulations (TD 9890) on the due diligence and reporting requirements that apply to persons making certain U.S. source payments to nonresident aliens, and to foreign financial institutions reporting on U.S. accounts under the Foreign Account Tax Compliance Act (FATCA). The final regulations adopt,
IRS Issues Final FATCA and Withholding Guidance Tax Insights Read More »
We previously wrote on state domicile – https://www.mooresrowland.tax/2019/11/us-state-tax-residency-vs-domicile.html Florida has no personal income tax and no state estate tax, whereas New York currently has an income tax rate as high as 8.82% and estate taxes on estates over $5,850,000.00 at a rate as high as 16%. President Trump has recently publicized his decision to make such
Moving from New York to Florida Read More »