A new Senate bill proposes imposing annual withholding taxes on trusts exceeding $50 million in assets, with rates ranging from 1% to 3% depending on asset value.

It's the holiday season! For many that means spending time with family and friends.

It is important to consider that gifts made within three years of a decedent’s death are “clawed back” into a decedent’s New York taxable estate.

To most, the month of May means the start of Spring and warm weather. But to Suffolk County property owners, the month of May means Spring, warm weather AND the real property tax grievance filing period.

David Curry shared his insights with Commercial Property Executive in their recent article, ‘First Washington Realty Buys DC-Area Retail Center,' discussing the impact of grocery-anchored properties

Enacted in 2021, RPTL §575-b was intended to promote clarity and predictability in the valuation of solar and wind energy system. The statute created a state-wide procedure for the tax assessment of solar and wind energy...

Intended to promote clarity and predictability in valuation of solar and wind energy systems, RPTL § 575-b has been anything but clear or predictable since its enactment in 2021.

Twelve Long Island school districts exceeded New York State's legal limit on unrestricted cash reserves during the 2025-26 school year, holding nearly $3.64 billion collectively. While administrators defend these reserves as prudent financial planning against inflation and unexpected costs, taxpayers question whether excess funds should instead be applied to reduce their substantial property tax burdens, which already see school taxes comprising more than half of homeowners' total property tax bills.

It goes without saying that COVID was an extremely challenging period. And while the emergence from the depths of lockdowns, facemasks and constant hand sanitizer...

Domenique Camacho Moran was a guest on Hofstra University's Frank G. Zarb School of Business podcast, Inside the Z-Suite.

Leaving real estate to heirs through a will or a revocable trust has long been standard practice in estate planning. Many clients expect to pass along the home they have lived in for years...

Treasury Department and the IRS established a transfer tax safe harbor for individual donors who fund these accounts, treating qualifying contributions as completed gifts that are not gifts of future interests...

Last month, the Department of the Treasury and the Internal Revenue Service ("IRS") issued proposed regulations updating the rules for tax professionals who practice before the IRS.

Due to legislation enacted earlier this year, on January 1, 2026, the federal estate, gift and generation-skipping transfer (GST) exemptions increase to $15 million per person ($30 million per married couple)...

Nassau County taxpayers have been granted an extension of time to challenge their property taxes for the upcoming 2027/28 tax year.

While paying taxes will certainly never win any popularity contests, most property owners understand the simple fact that local property taxes fund the roads...

Last week, New York State Department of Taxation and Finance published a press release explaining what taxpayers should do when they receive a letter from the Tax Department.

The Suffolk County deadline for filing a property tax grievance is always the third Tuesday in May – this year, falling on May 19th. The filing period begins May 1st, giving property owners a short thirteen (13) ...

§ 2801 of the Internal Revenue Code of 1986, as amended (the "Code") imposes a tax a U.S. citizen or resident who receives a "covered gift" or "covered bequest" from certain individuals...

The long-anticipated "sunset" of the Tax Cuts and Jobs Act of 2017 (TCJA) was slated for the end of 2025. Upon this "sunset," the federal estate and gift tax exemptions...