Welcome to the latest issue of New York Tax Insights. In this issue we cover:
A recent ALJ decision holding that a vacation home owned by a New Jersey domiciliary and located in upstate New York, hundreds of miles from where the individual lives in New Jersey or works in New York City, constitutes a “permanent place of abode” in New York subjecting him to tax as a statutory resident (on page 1).
A New York State Tax Appeals Tribunal decision finding that a limited liability company member is responsible for the sales tax liabilities of the LLCs, despite the fact that he held only an indirect ownership interest in each LLC at issue (on page 2).
New York City Department of Finance guidance explaining how taxpayers should report GILTI and other Federal Tax Cuts and Job Act items under the various New York City business income taxes (on page 4).