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Tax Tips & News: claim

Filing for Divorce? 5 Important Tax Tips

4 minutes read

5 Tax Tips For Divorced Couples

Divorce can be a sensitive topic and a difficult period of time for all the parties involved. Whether you live in a common law or community property state, the process of filing taxes once the divorce has been finalized can be both emotional and complicated. Deciding how assets are split, the cost basis of these assets, new filing status and even which former spouse will claim children as dependents are all important considerations that go into the tax...

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MTA Tax Refund Claims Deadline; November 2nd

3 minutes read

File A Protective Claim For MTA Tax Refund

By: Jeffrey R. D’Amico, J.D., LL.M

Time is running out for taxpayers who paid New York’s metropolitan commuter transportation mobility tax (MCTMT or MTA tax) when it was first imposed in 2009 to file protective refund claims in the wake of the tax’s being declared unconstitutional.

On Aug. 22, 2012, the New York Supreme Court held that the MCTMT “was unconstitutionally passed by the New York State Legislature” (Mangano v. Silver, No. 14444/10...

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