New York State just made it more difficult for LLCs to transfer or receive real property. On September 13, 2019, New York Governor Andrew Cuomo signed into law an amendment to New York Tax Law Section 1409(a) that requires all LLCs that are either grantors or grantees in a deed transf...
The potential for criminal prosecution for failure to file Tax Returns is very small; however, the economic consequences for Unfiled Returns are severe – there is a maximum 25% late filing penalty that can be applied to the tax. The late filing penalty combined with a late paying penalty of...
1816-17, finds him filing an insolvency petition in Avon, Livingston Co., NY, in 1826." On page 305, they continue with this observation: "... it is reasonable to conclude that the four Cowdery brothers, Warren, Stephen, Dyar and Erastus, along with their sister Sally, all emigrated ...
of invoice, inform by mail any dispute with the invoice, price, quality or quantity of the product(s). ThePurchaseragrees to reimburseSellerfor any costs, including filing of mechanic's liens and or attorney's fees incurred bySellerfor defending itself against any legal action brought by...
As currently drafted, compliance with 1409(a)’s amendment is extremely challenging, if not impossible. Our State and Local Tax Group continues to closely monitor the change in law and will provide an update when additional interpretations are available....