McDermott Will & Emery writes that on June 18, 2014, the New York State Department of Taxation and Finance (Department) published a revised version of its Nonresident Audit Guidelines (Audit Guidelines). The Audit Guidelines are (and have been) issued by the Department to provide guidance and advice to Department audit staff in connection with examinations involving whether certain individuals are residents of New York State and/or New York City for purposes of New York’s personal income tax and to ensure uniformity and consistency in these examinations. These Audit Guidelines, while nonbinding, represent the Department’s views on various issues that arise in New York residency audits and can be—and have often proven to be—a helpful resource to those engaged in contentious residency disputes.

To read more, see New York’s Revised Nonresident Audit Guidelines: A Tool for Taxpayers? | McDermott Will & Emery – JDSupra.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.