2 minutes read
Tax season may be over, but the scamming season has just begun. The NY State Department of Taxation has issued a warning to be on the look out for phony tax collection letters that have recently made the rounds. Gov. Andrew Cuomo said:
1 minute read
The New York State Department of Taxation recently issued a ruling that Yoga is to be considered more spiritual, and less exercise. Therefore Yoga studios and businesses won’t have to collect or pay taxes. However, these rules will not apply if a Yoga class takes place inside a gym or other conventional exercise facility.
2 minutes read
The New York State Tax Department announced this week to consumers and businesses that beginning April 1, 2012 items of clothing and footwear sold for less than $110 will be exempt from the state’s 4% sales and use tax. (Through March 31, 2012, such items up to $55 were exempt.)
5 minutes read
NY tax commissioner Thomas Mattox recently deputized the entire staff of the NY Inspector General’s office in what is a being dubbed a pre-emptive “crime fighting” move. What was meant to be a quite ceremony has caused a stir because the new powers granted to the IG’s office allows them the ability to look at NY state employee’s tax returns–and potentially any other NY tax return that they dub “relevant” to an investigation–without the taxpayers consent. Mind you,...
2 minutes read
The NY State Department of Taxation has extended tax deadlines for NY taxpayers living in regions that President Barak Obama has declared disaster areas inflicted by Hurricane Irene & Tropical Strom Lee.