Searching Content indexed under Tax by Diana Wierbicki ordered by Published Date Descending.
Links to Result pages
'Axing' Last Week's Billions Episode's Sales And Use Tax Planning With Art
If you saw last week's episode of Billions (Season 4, Episode 10: New Year's Day on Showtime), you will recall main character Axe strategizing with sales and use tax on art.
United States
17 Jun 2019
The US Supreme Court Wayfair Decision's Impact On The Art Market
The US Supreme Court has overruled the longstanding rule that interstate sellers do not need to collect and remit state sales tax unless they have a physical presence in a state.
United States
28 Jun 2018
How The New Federal And New York Estate Tax Exemption Could Affect Your Estate Plan
Federal law: On December 22, 2017 the President signed into law legislation that represents the most sweeping tax reform in decades (the "Act"), and generally takes effect on January 1, 2018.
23 Jan 2018
Update: Effect Of Senate Tax Proposal On The Art Market
As an update to our analysis of the effect of the proposed "Tax Cuts and Jobs Act" on the art market, we review below the Senate Joint Committee on Taxation's Description of the Chairman's Mark of the "Tax Cuts and Jobs Act" which was released on November 9, 2017.
United States
16 Nov 2017
Effect Of Proposed US Tax Bill On The Art Market
The US House of Representatives this morning released its proposed bill for the "Tax Cuts and Jobs Act." As of now, the proposed effective date is January 1, 2018 and the proposed bill...
United States
9 Nov 2017
Investment Entities Owning Property Purchased Outside The United States Face Double Taxation Under Amended New York Law
Works of art, like other tangible property, may be subject to state sales or use tax unless an exemption applies.
United States
28 Jul 2017
New York State Enacts Major Change To Use Tax Exemption That Affects Art Collectors
As we have reported this past year, New York State has been particularly aggressive in their art industry investigations for alleged violations of the state's sales and use tax laws.
8 May 2017
IRS Revenue Procedure Reopens The Door To Long-Term Charitable Remainder Annuity Trusts
On August 9, 2016, the Internal Revenue Service issued Revenue Procedure 2016-42, which permits long-term CRATs to avoid the application of the often fatal "probability of exhaustion" test.
United States
23 Aug 2016
STOP PRESS: NY State Aggressively Investigating Tax Evasion Regarding Art Sales
New York State authorities have made it clear that they are aggressively investigating instances of tax avoidance/evasion in many areas within the art world.
United States
8 May 2016
Stop Press - NYS Tax Bulletin Puts Fine Art Shipments At Risk Of Sales Tax Exposure
The New York State Department of Taxation and Finance issued a Tax Bulletin in August addressing whether a shipping company is considered a common carrier or a private or contract carrier.
United States
24 Oct 2015
Links to Result pages