Estate Tax

The new laws for the estate tax in New York are going to benefit a lot of state citizens in the upper middle class, many of whom have worked over the course of a lifetime to accumulate their wealth. Not everyone will benefit from the laws, however, as the financial "cliff" included in the [...]

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Estate Tax

Many affluent Americans, investors and business owners were pleased when the federal estate tax law was changed, allowing for a $5.25 million estate tax exemption for individuals and $10.5 million for joint filers. However, many people who are focusing on retirement and going through the process [...]

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Income Tax

I received an interesting discussion of New York’s Statutory Residence Rule in the Tax Analysts Special Report dated April 4, 2011. The article written by Peter L. Faber criticizes the statutory residence test and argues that it should be repealed. In his article, the author points out that New [...]

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