Six New York Tax Reform Decisions to Make in 2015

New York’s corporate tax reform includes sweeping changes affecting nearly every aspect of its corporation franchise tax. Although some taxpayers won’t feel the brunt of the changes until filing their 2015 tax returns in 2016, there are six decisions that should be made now. This article does not address imminent decisions required for New York City, because the city’s tax reform has not been finalized. However, the decisions discussed here will likely be required for the city, particularly if its tax reform is retroactively effective on January 1, 2015.

The remainder of this article can be accessed in the February 9, 2015 edition of State Tax Notes.