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A Discussion Of New York State Personal Income Tax & Corporate Income Tax

Individuals and businesses in the State of New York are both subject to income tax. New York enacted a sweeping tax-reduction bill in 2011, creating the lowest mid-bracket tax rates in the state in 58 years. These tax breaks affected…

Shamsey Oloko October 7, 2016 New York Income Tax, New York State Tax, New York State Tax Law 0

State Income Taxes & NBA Free Agency

After the Cleveland Cavaliers won their first NBA championship back in June, interest in the NBA hardly waned. Soon after the LeBron James and company hoisted the championship trophy in Oakland, the NBA free agency began and a multitude of…

Shamsey Oloko September 12, 2016 Audit, New York State Tax, New York State Tax Law 0

Can New York State Audit My Federal Tax Return?

Can the state of New York audit a federal tax return? Well, there’s nothing to prevent it from doing so. Often, a New York taxpayer may claim a state tax refund based upon the result of some calculation on the taxpayer’s…