by Anil Melwani | Jan 8, 2019 | Blog
View the transcript. Did you know a NYC penalty can add an extra 25% to your unpaid taxes? New York City residency tax penalties always include interest and can cause significant damages to your earnings. Make sure you’ve paid your dues before your earnings suffer a... by Anil Melwani | Jan 8, 2019 | Blog
View the transcript. Did you spend more than 183 days in New York City last year? Residency is determined by where your primary belongings are, mail is sent to, and where your kids are registered in school. If you have a second home that is located in NYC, it can be... by Anil Melwani | Jan 8, 2019 | Blog
View the transcript Are you paying the correct amount of income tax in New York? If you own a home in New York, but your primary residence is located in another state or country, you may need to look out for a New York residency tax audit. Even if you work in the same... by Anil Melwani | Jan 4, 2019 | Blog
View the transcript Setting up an LLC as a foreigner has numerous factors to consider when it comes to filing taxes properly. Depending on your income whether it’s real estate or self-employed, a foreigner is subject to tax treaties. Tax treaties are beneficial for a... by Anil Melwani | Jan 4, 2019 | Blog
View the transcript If you live in another state besides New York but have income sourced in New York you are required to file a part-year resident or nonresident return. If you live in the city you qualify for the New York City residency tax. If your primary home is... by Anil Melwani | Jan 4, 2019 | Blog
View the transcript Want to avoid paying the New York City residency tax? If you spend 182 days or less in the city you can avoid paying the NYC residency tax. Feel free to own a second home in the city, but your primary home needs to be elsewhere. It’s important to...