News and Events

New York State Residency: What's New in 2015?

By Brian Gordon

"This article originally appeared in the June 2015 TaxStringer and is reprinted with permission from the New York State Society of Certified Public Accountants."

In 2015, the topic of interest for New York State residency is what effect—if any—the important events of last year had on audit policy. Last year, 2014, was an interesting year in the New York residency arena. The focus was a Court of Appeals decision in the case of Gaied v. New York State Tax Appeals Tribunal.

The Supreme Court Decided on Colorado Sales Tax—Or Did It?

By Brian Gordon

"This article originally appeared in the July 2015 TaxStringer and is reprinted with permission from the New York State Society of Certified Public Accountants."

In 2010, Colorado came up with a unique way to collect use tax on sales from remote sellers outside that state: because states cannot require out-of-state retailers to collect sales tax for them, Colorado passed a law requiring out-of-state sellers to report, to their customers and to the state, the amount of purchases made that is subject to use tax. This is similar to Form 1099 reporting of taxable income. This requirement was imposed on retailers with more than $100,000 in annual sales into Colorado, and they were required to send notices to Colorado customers who spent more than $500 on annual purchases.

Supreme Court Decision on Maryland case May effect New York’s Resident Credit

By Brian Gordon

The Wynne case – a Maryland case – involved the credit for taxes paid to other states (Resident Credit).

All states that have an income tax, charge their residents tax on all of their income. If the taxpayer earns income from other states, they also have to pay a nonresident tax to the other state for income earned there; however their home state will allow a credit for taxes paid to the other states.

STVK in the News

Tax Audit Success

By Brian Gordon

Do you have a client under audit by New York State? Many of our referrals come from CPAs that run into a problem or crisis with their client’s audit. Just recently we were able to rescue someone from a NYS sales tax audit by having the assessment reduced by 50% (more than $100,000).

May I suggest referring the audit to us at the beginning, before the crisis point? My experience as a NYS Tax Department District Audit Manager for the Metropolitan NY District enables me to observe things that others may not be aware of. Our results bear this out. If you’re having a NYS audit, please call for a free consultation.
Call Brian Gordon at 516-938-5219 or email at bgordon@st-cpas.com.

Brian Gordon Speaks at Capital One Golf Outing

By Brian Gordon

Capital One Bank was the sponsor of a golf outing on June 18 at the Harbor Links Golf Club in Port Washington. Brian Gordon was the CPE presenter, and spoke on the topics of NYS Residency as well as the new NYS and NYC corporation tax laws effective January 1, 2015. The event was well attended, and the weather held off for a nice round of golf.

Brian will also be speaking at the NCCPAP Long Island Symposium which will be held November 18, 19 & 20, 2015 at the Crest Hollow Country Club in Woodbury, NY.

For more information regarding State and Local Taxes, please visit
Brian Gordon's S.A.L.T Blog at:
www.st-cpas.com/blog.