Limited Liability Company (LLC), IRS, New York

Drop & Swap Like-Kind Exchange Passes Muster in New York

Rivkin Radler LLP on 7/24/2025

New York’s personal income tax law, like that of other states, conforms with the federal system of income taxation. The reason typically given for such conformity is to simplify tax return preparation, improve compliance and...more

Tax Compliance: Self-Assessment, Transparency, and Enforcement

Rivkin Radler LLP on 8/24/2023

NY’s Almost There- Back in June of this year, New York’s legislature passed a bill that, if enacted, would create the first state-level public database with information regarding the ownership of limited liability...more

Will New York Be Looking At Your Federal Tax Return? Probably

Rivkin Radler LLP on 5/24/2022

State Finances- Much has been written over the last few weeks about the unprecedented financial cushion that many states have accumulated thanks to federal support prompted by the pandemic and larger-than-expected tax...more

New York’s Pass-Through Entity Tax, F Reorgs, and the Sale of An Electing S Corp

Rivkin Radler LLP on 1/4/2022

Timing- I had planned to post this piece during the third week of December, a day or so after the exchange between Senator Manchin and the White House sealed the fate of the Build Back Better plan, at least in its current...more

New York’s Post-Election Tax Environment For Business Owners

Farrell Fritz, P.C. on 11/16/2020

Something Is Rotten- There’s a gray pall hanging over New York that has clouded the judgement of many politicians, and has left many of its residents feeling anxious and off-balance. No, it’s not the smoke from all the...more

Conformity, The Lockdown, And New York’s Audit Of Like-Kind Exchanges

Farrell Fritz, P.C. on 6/8/2020

Conforming- About sixty years ago, New York revised its personal income tax law to achieve close conformity with the Federal system of income taxation. The stated purpose for the revision was to simplify tax return...more