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Are executor fees taxable in New York state?
They are income for the executor. Yes, they are taxable.
Are capital gains taxable by New York City?
New York City taxable income is based on New York State taxable income, which taxes capital gains as ordinary income. Therefore, yes, NYC taxes capital gains.
Is punitive damage in a law suit taxable in New York city?
Punitive damages that are awarded in a lawsuit are generally not taxable in the state of New York. However, they can become taxable if they are used to pay or compansate the plaintiff for non-persoanal injuries.
Is New York State unemployment compensation taxable for a North Carolina resident?
Yes.
Is supplemental unemployment benefits taxable to the state of new york?
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Is gain on sale of rental property taxable to a non resident of New York state?
Yes, both at the Federal and State levels. Your business activity made you taxable on this, and possibly other income, too NYS whether you reside there or not.
How does New York State determine estate tax?
New York State determines estate tax by multiplying the property's taxable assessment minus any exemptions by the tax rates for school districts and municipality.
What are the implications of the New York right to work laws on labor unions and workers' rights in the state?
The New York right to work laws limit the power of labor unions by allowing workers to opt out of union membership and payment of union dues. This can weaken unions' ability to negotiate for better wages and working conditions. Workers may have less protection and support in the workplace as a result.
Where can one find more information about the sales tax in the state of New York?
One can find our more information about the sales tax in the state of New York from the New York Department Of Taxation and Finance. The guide explains in detail what's taxable or not.
Are meals taxable in New York?
yes
Is inherited money taxable in New York State?
In New York State, inherited money is generally not subject to income tax for the beneficiary. However, estates may be subject to estate taxes if their value exceeds the state threshold. Additionally, if the inherited money generates income (like interest or dividends), that income would be taxable. It's advisable to consult a tax professional for specific situations.
Are yearbooks taxable in nys?
In New York State, yearbooks are generally considered taxable because they are classified as tangible personal property. However, if the yearbook is sold as part of a fundraising effort for a school, it may be exempt from sales tax under certain conditions. It's important for schools and organizations to consult the New York State Department of Taxation and Finance for specific guidance based on their circumstances.
