taxes


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Photo illustration of Governor Andrew Cuomo (Credit: Cuomo by Stefani Reynolds/Getty Images; iStock)

Escaping New York? Tax man is right behind you

Many New Yorkers have fled the city for upstate, Long Island or Florida to reduce their coronavirus risk and...

Escaping New York? Tax man is right behind you
New York City Comptroller Scott Stringer (Credit: Andrew Burton/Getty Images, iStock)

Coronavirus will cost city billions in tax revenue: comptroller

New York City could lose up to $6 billion in tax revenue thanks to the coronavirus pandemic, according to...

Coronavirus will cost city billions in tax revenue: comptroller
Taxes would rise for owners of Manhattan mansions and penthouses, but the biggest shock would be on homeowners in Brooklyn neighborhoods (Credit: Pixabay)

City’s property tax overhaul would increase burden for single-family homeowners

The preliminary proposal from a mayoral commission to overhaul New York City’s property tax system would raise fees on...

City’s property tax overhaul would increase burden for single-family homeowners
Antonio Reynoso and 140 Devoe Street in Brooklyn (Credit: Google Maps)

Council closes tax-lien loophole that threatened property seizures

The City Council passed a measure to safeguard non-profits against tax liens for taxes they don’t technically owe. Although...

Council closes tax-lien loophole that threatened property seizures
Governor Andrew Cuomo and Mayor Bill de Blasio (Credit: Getty Images)

Cuomo expects NYC to take lead on property tax reform

Despite Mayor Bill de Blasio’s latest push to do something about the city’s convoluted property tax system, state lawmakers...

Cuomo expects NYC to take lead on property tax reform
A photo illustration of Michael Gianaris and Jeff Bezos (Credit: Getty Images, Wikipedia, iStock)

Gianaris wants to reform NYC tax credit programs that drew Amazon

The so-called “Amazon slayer” has set his sights on the benefit programs New York City used to attract the...

Gianaris wants to reform NYC tax credit programs that drew Amazon
City Council Speaker Corey Johnson and Mayor Bill de Blasio (Credit: Getty Images, iStock)

NYC’s convoluted property tax system could get a big reboot

The city has released an initial version of its long-awaited property tax report, but politicians are taking a wait-and-see...

NYC’s convoluted property tax system could get a big reboot
State Sen. Julia Salazar and Assembly member Harvey Epstein proposed the tax this month in an effort to disincentivize real estate speculation (Credit: iStock, Getty Images)

Experts take issue with proposed tax on mezzanine loans

Experts say a proposed tax on mezzanine debt would raise the cost of financing across the board in New...

Experts take issue with proposed tax on mezzanine loans
State Senator Julia Salazar and Assemblymember Harvey Epstein (Credit: Getty Images)

Pols take aim at private equity with plan to tax mezz debt

A new bill seeks to raise money for public housing while bringing more transparency to the complex world of...

Pols take aim at private equity with plan to tax mezz debt
Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

The Treasury Department is investigating a federal tax break that was designed to help low-income communities, but has proved...

Trump’s Opportunity Zone program is under investigation
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