Author Description

The New York State Sales and Use Tax Answer Book is the indispensible reference source for which practitioners have been searching. Not only does it clearly and comprehensively cover the spectrum of statutes, regulations and legal rulings governing New Yorks sales and use tax, it also brims with practical guidance and examples to illustrate the real-world application of the rules. All facets of sales and use tax are addressed, from the developing issues of what creates constitutional nexus and how the tax applies to e-commerce, to the more technical questions of what exemptions and credits are provided for; what obligations are imposed on vendors for registering, reporting, collecting and remitting tax, and how tax may determined and assessed on audit. The New York Sales and Use Tax Answer Book provides easy-to-use coverage of all relevant areas, including: who is subject to the tax; what property and services may be taxed; how the tax is collected; the methodologies employed in sales and use tax audits; the rules applicable to contractors and Industrial Development Agencies; the tax consequences of buying or selling a business; the rules applicable to New York City and the Metropolitan Commuter Transportation District, and the penalties imposed for various forms of noncompliance.