MoFo New York Tax Insights - Volume 3, Issue 3 - March 2012

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In this issue: Tribunal Upholds Barker Penalties; Case Now Poised for Judicial Appeal; Guidance Issued on New Sales Tax Exemption for Electronic News Services; NYC Changes Procedure for Requesting Alternative Allocation Method; New 1099-K Reporting Requirements Take Effect in 2012; and Insights In Brief.

Excerpt from: "Tribunal Upholds...":

The saga of the Barker case continues. Readers of NY Tax Insights will recall that in January 2011, the Tax Appeals Tribunal held that a Connecticut couple’s vacation home in the Hamptons constituted a permanent place of abode, causing the husband, who worked in New York City, to be considered a New York State resident. While the Tribunal ruled on the substantive issue, it remanded the case to the Administrative Law Judge for a supplemental determination regarding whether there was reasonable cause to abate penalties. In April 2011, the ALJ issued a decision upholding the penalties and the Barkers appealed. The Tribunal has now upheld the imposition of penalties, making the case ripe for appeal to the New York courts on the more important substantive issue regarding the definition of a permanent place of abode. Matter of John J. and Laura Barker, DTA No. 822324 (N.Y.S. Tax App. Trib., Jan. 26, 2012).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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