Category: General

A relatively recent amendment to New York State’s 2017-2018 budget narrowed the State Tax Law § 1118(2)’s nonresident exemption to its use tax. The use of property in New York by nonresident investment entities is no longer exempt from use tax, prompting taxpayers to restructure the manner in which art portfolios are brought into, and… Continue reading The New York Use Tax Nonresident Exemption and Its Impact on Art Collections Owned by Nonresident Aliens

Many of our clients have made, or expressed interest in making, investments in cryptocurrency. The following provides a brief primer on the main U.S. federal tax issues that are likely to arise with respect to such investments. This general overview should not be construed as legal, investment, or tax advice, and an investor is urged… Continue reading U.S. Tax Considerations with respect to Cryptocurrency