MoFo New York Tax Insights

Volume 9, Issue 5

03 May 2018

Welcome to the latest issue of New York Tax Insights. In this issue we cover:

  • a NYC Tribunal decision affirming that the New York City utility tax does not apply to receipts from fixed, monthly charges imposed by a long-distance telephone service provider, whether or not the provider’s customer made any long-distance calls (on page 1);
  • a NYS Tribunal decision remanding a case to determine whether a petitioner’s Due Process rights were violated by the retroactive application of statutory amendments (on page 3);
  • significant tax provisions in New York State’s new 2018–19 budget law, including a new optional payroll tax for employers (on page 4);
  • a decision rejecting Verizon’s sales tax refund claim for nearly $20 million relating to hardware and software purchases (on page 6);
  • a new limited-time procedure allowing qualifying NYS and NYC taxpayers to withdraw from the commonly owned group election made on their 2015 and 2016 combined returns (on page 7);
  • NYS and NYC guidance on the inclusion of § 965 deemed repatriation income in New York returns of non-corporations and S corporations (on page 8);
  • and more (on page 9).

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