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    Month: November 2019

    New York State Update on Wayfair

    As discussed in our post on March 14, 2019, a business that has no physical presence in New York State but has reached certain levels of sales is required to register as a sales tax vendor, and collect and timely remit the applicable state and local sales tax. On November 5, 2019, the New York State Department of Taxation and Finance issued TSB-M-19(4)S, Sales Tax Registration Requirement for Bu...

    New Form for 199A Deduction

    Beginning with the 2019 tax year, Form 8995, Qualified Business Income Deduction Simplified Computation, or Form 8995-A, Qualified Business Income Deduction (and supporting schedules) will be used to report the qualified business income deduction under §199A. We will be discussing the new form along with strategies and the final §199A regulations as part of our upcoming Individual Tax Year-End...