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Gifts

  3 posts

NY Tax Law § 954

  Apr 15, 2025

NY Proposal Tries to Make Clawback Tax Deductible—But Will the IRS Agree?

Can New York’s fiction force the IRS to play along?...

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  Apr 02, 2025

NY Budget Proposal Makes Clawback Tax Permanent, Pushes for Deductibility, and Ends Apportionment for Gifts

New York Tax Law § 954(a)(3) currently includes in a decedent’s...

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  Aug 30, 2024

🔑 NY: Donee Should Not Notarize Deed

In New York, someone receiving real property as a gift should not notarize the deed because it can create an evidentiary hurdle....

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