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30
Apr

New York State Budget Revives Gifting "Claw back"

April 30, 2019

By: Dario Arezzo

Just a few weeks ago, Governor Cuomo signed into law New York State’s latest budget. The big takeaway for New York State estate planning is the retroactive reinstatement of the “three-year claw back." Dario Arezzo, Senior Tax Consultant, gives readers the details of this revival.

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Posted In: Tax Talks

Tags: expenses, regulations, tax planning, tax reform, taxes
19
Mar

South Dakota Paves the Way for Sales Tax

March 19, 2019

By: Michele Murray

If you are a sales tax enthusiast, you may be tired of hearing people say the name Wayfair! If you are not such an enthusiast, this is probably the first time you have heard the name. Michele Murray, Farm Credit East Financial Services Leader, explains the general rules of this post-Wayfair environment in our Northeast states.

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Posted In: Tax Talks

Tags: ag outlook, business planning, cost control, economy, tax planning, tax reform, taxes
28
Feb

New York State 2018 Agricultural Changes

February 28, 2019

By: Dario Arezzo

Following a positive trend over the last few years, 2018 saw some favorable changes for NYS farmers. Three important items for farmers and their advisers to keep in mind are the food pantry credit, the property abatement and exemption changes, and the ways that changes made by the Tax Cuts and Jobs Act to section 1031 exchanges could jeopardize the farmers’ school tax credit (FSTC).

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Posted In: Tax Talks

Tags: tax planning, tax reform, taxes, risk management
17
Jan

Empire State Apprenticeship Tax Credit program

January 17, 2019

By: Grey Bennis

In 2018, New York introduced the Empire State Apprenticeship Tax Credit Program. The tax credit is available to employers in select industries who hire an apprentice to learn their business. Grey Bennis, Farm Credit East Tax Associate, talks about the details of this tax credit.

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Posted In: Tax Talks

Tags: taxes, tax planning