Changing tax guidelines can have major impacts on real estate companies and investors, and there are a number of New York developments affecting the sector. Join EisnerAmper and Hodgson Russ for a discussion of the latest updates on key tax topics, including:
NY Change of Domicile
NY Pass-Through Entity Tax
NYC UBT Business Allocation Rules
Course Objective: To gain a basic understanding of the PTET and to better understand the NY domicile and NYC UBT business allocation rules.
Learning Outcomes:
Implement and administer an entity-level system to pay and account for the new PTET
Explain the New York residency/domicile rules and learn how to avoid the typical tax-traps related to residency tax audits
Explain the New York City business allocation rules and learn how to reduce or eliminate the NYC UBT by maintaining out-of-city or out-of-state offices