State Tax Talks with Joe Tantillo

Joe is joined by Hodgson Russ attorneys Joseph Endres and Joshua Lawrence to discuss common sales tax issues faced by Contractors & Construction companies. The panel dives into New York’s rules for capital improvements, including the nuances that can turn a real property project from a nontaxable capital improvement into a taxable construction. The panel also highlights some other common issues and areas of tax concern for those working in the real estate development space.

Joe, Josh Lawrence, and Joe Endres continue their conversation around the sales tax issues faced by developers and contractors. In this episode, they focus on the importance of diligent record keeping, including the issuance of capital improvement certificates using the proper chain of command. The panel notes the impact of record-keeping on audit preparation.

Joe is joined by Tim Noonan and Andrew Wright to discuss hot button issues related to state-taxation of partnerships and, more significantly, nonresident partners. The panel discusses the increase in audit activity related to various partnership issues and provides a high-level analysis of basic nexus considerations for partnerships. Finally, the panel discusses issues related to the Pass-Through Entity Tax.

Joe, Tim Noonan, and Andrew Wright continue discussing various tax issues related to Partnerships and Nonresident Partners. In this episode, the panel dives deep into New York’s sourcing rules for ordinary income, including an analysis of the rules used to calculate a partnership’s New York business allocation percentage.

Joe, Tim Noonan, and Andrew Wright bring their discussion of partnership tax issues to a close. The group discusses New York’s sourcing rules for partnership income from the sale of various intangible assets and New York’s special rules for sourcing gain from a deemed asset sale.

Joe is joined by Chris Doyle, Dan Kelly, and Bill Turkovich to discuss common state and federal tax considerations for selling your business. The group discusses key issues in the minds of buyers and sellers when approaching a transaction, and they talk about common tax consequences related to entity selection and deal structure. Finally, the group provides a high-level analysis of F-Reorganizations and their impact on a transaction.

Joe, Chris Doyle, Dan Kelly, and Bill Turkovich continue their discussion of tax considerations related to the sale of a business. In this episode, the panel discusses the approach to a transaction’s Due Diligence process and the multistate tax issues that can impact a deal. The group talks about how unknown state-tax exposure can complicate a transaction and how to plan ahead.

On the new episode of State Tax Talks with Joe Tantillo, Joe is joined by Drew Wright and Brandon Bourg to discuss why more taxpayers could leave New York City in light of Mayor Mamdani’s proposed tax increases. The discussion includes a review of recent taxpayer migration trends in and out of New York, an overview of New York City’s residency rules, what taxpayers thinking about leaving need to know, and common misconceptions regarding the nuts and bolts of a New York City tax residency audit.

Joe, Joseph, and Josh close out their discussion on common sales tax issues faced by Contractors & Construction companies.

Joe, Chris Doyle, Dan Kelly, and Bill Turkovich continue their discussion of tax considerations related to the sale of a business. In the final part of this series, the panel discusses some common issues related to cross-border nexus and tax issues that can arise in cross-border deal work. The panel concludes the conversation by highlighting the issues sellers should consider prior to a transaction.