According to Accounting Today, the New York Tax and Finance Authority sent out thousand of notices since the filing season ending in May to individuals earning as little as $100,000 a year. What do these individuals have in common? They have claimed to have left the state during the COVID-19 pandemic and New York wants to recoup lost revenue on their earnings.
- How many notices have been sent out?
- Why is this unusual as compared to previous year tax notice triggers?
- What are the five criteria that New Yorkers must provide to prove they are now domiciled in another state?
- Explain the U.S. Supreme Court’s rejection of the case of a New Hampshire challenge to Massachusetts’ practice of taxing people who once worked in that state but started telecommuting from elsewhere during the pandemic and why it bolsters New York’s position.
- What is the difference between a desk tax audit and a field tax audit
Borak, D. (2021). New York blitzes $100K earners with remote-worker tax audits. Accounting Today, Aug. 12 (Retrievable online at https://www.accountingtoday.com/articles/new-york-blitzes-100k-earners-with-remote-worker-tax-audits?)