Update to NY Sales Tax Law Affecting Responsible Person Assessments Against Certain Limited Liability Company Members

Peter E. Alizio Sales Tax

Part X of the NYS executive budget is the piece of the legislation that more or less codified NYSDTF administrative policy published in TSB-M-11(17)S.  The NYS Department of Taxation and Finance website now reads: TSB-M-11(17)S is obsolete and new guidance will be issued shortly. I read the provision which sets the stage for a more formal application process in which eligible individuals …

NY SALES TAX RESPONSIBLE PERSON

Are you a Responsible Person?

Peter E. Alizio Sales Tax

NYS – RESPONSIBLE PERSON ASSESSMENTS Not all business owners understand that sales tax money is NOT revenue when collected and a deduction when remitted to tax authorities.  In fact, any sales tax money collected does not belong to the businesses or owner at all.  When you register to collect sales tax (by applying for a certificate of authority) you become …

NYS Driver’s License Suspension Program

Peter E. Alizio NYS Collections

License Suspended for Unpaid Taxes (Long Island, NY) Since 2013 the Department of Taxation and Finance (“Tax Department”) and the Department of Motor Vehicles (“DMV”) have been working collectively in furtherance of a Driver’s License Suspension Program. This program takes the position that driving is a privilege and if you do not pay your taxes, you could lose that privilege. …

NYS Sales Tax Restaurants

Read this before investing in a NY Restaurant

Peter E. Alizio Sales Tax

Update: The NYSDTF administrative policy of granting responsible person relief to certain minority members of LLCs has been codified into law by the New York State 2018-2019 budget signed 4/12/18. Read this before investing in a New York Restaurant All restaurants in New York will have the responsibility to collect and remit state sales tax. Regardless of the type of entity …