The NYC Department of Finance has issued final rules and mailed notices to affected property owners, setting a Sept. 18, 2026, exemption filing deadline. Property owners — especially those holding residences through trusts or entities — may wish to evaluate their eligibility promptly.
Continue Reading NYC DOF Finalizes Rules and Sends Notices Implementing the New Pied-à-Terre Tax
The proposed rules place significant weight on objective documentation and would create a structured process for annual determinations, appeals, and enforcement.
Continue Reading What Taxpayers Need to Know About the Proposed NYC Pied-à-Terre Tax Rules
States have the right to tax corporations doing business within their jurisdictions, but, pursuant to a federal law enacted in 1959, are prohibited from taxing net income of a corporation where its in-state activities are limited to the solicitation of orders for tangible personal property that are accepted outside the state and fulfilled by delivery