Finance
Showing 1 - 6 of 1065 results.
Trust Fund Recovery Penalty Depends on Your Role and Conduct
Trust Fund Recovery Penalty liability requires responsibility for trust fund taxes and a willful failure to collect, account for, or pay them. An IRS interview request and Letter 1153 mark different procedural stages. Bank records, payment decisions, and the timing of your knowledge can affect the outcome. Your current stage determines how to contest personal liability or address an assessed balance.
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New York City Securities Offerings Must Follow State Filing Rules
New York City securities offerings under Rule 506 generally require SEC Form D and a separate New York State notice filing. Federal and state filing deadlines may begin on different dates. Rule 504 can also require state registration. Before soliciting investors, issuers should identify their exemption, sales locations, and offering terms.
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FINRA in NYC Requires Different Responses to Claims and Inquiries
FINRA in NYC involves distinct procedures for arbitration claims and regulatory inquiries, each requiring a different response. A customer dispute, an industry arbitration, and a FINRA Rule 8210 request carry different obligations. Firms should identify the notice type, preserve relevant records, and check response deadlines before acting. Arbitration addresses disputes, while regulatory inquiries may require documents or testimony.
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How to Challenge a Property Tax Assessment
Nassau County tax assessment challenges involve valuation evidence, ARC applications, and options for further review. Property owners should distinguish an incorrect assessment from a billing or payment issue before filing a challenge. For property assessed by Nassau County, review begins with the Assessment Review Commission (ARC). The property's use, supporting records, and applicable filing period help determine how to proceed.
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Breach of Fiduciary Duty Claims over Misused Company Funds
Breach of fiduciary duty claims involving company funds depend on who suffered the loss and who has the right to sue. When payments appear improper, owners should examine who controlled them and what authorized the transfers. A loss belonging to the company generally requires company action or a derivative claim, rather than an individual lawsuit. For disputes filed in Queens County Supreme Court, venue and Commercial Division assignment require separate review.
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International Tax Filing Requirements for NYC Residents
International tax filing in NYC requires qualifying taxpayers to report worldwide income and comply with applicable federal disclosure rules. Living or working overseas does not automatically end New York State or City tax residency. Domicile, time spent in New York, and statutory exceptions can determine whether state and city income taxes still apply. Federal exclusions and foreign tax credits follow separate rules, while certain foreign financial assets trigger additional reporting obligations.
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