LexisNexis® Tax Law Community Podcast

On this edition, Mark Klein, partner in the law firm of Hodgson Russ, LLP, discusses the essential elements of New York State tax compliance, enforcement and audit discipline, how more stringent standards applied in a distressed economy affect taxpayers in New York and bordering states, and what pre-emptive measures taxpayers may deploy with the advice of counsel. Mr. Klein emphasizes added burdens that taxpayers must carry to support their positions both before problems emerge and at audit. He analyzes the overall impact of the net being cast to increase revenue collections. Mr. Klein also examines the NY Tax Tribunal's June 2011 decision in Matter of Gaied and its potential effect on the application of New York's statutory residence rule, which can yield New York tax liabilities for taxpayers who are not resident in the state and who have facially attenuated connections with the state. Copyright© 2011 LexisNexis, a division of Reed Elsevier Inc. Visit www.lexisnexis.com/community/taxlaw.

On this edition, William J. Comiskey of Hodgson Russ LLP discusses principles governing the New York False Claim Act whistleblower law. He examines how the law works and its importance in retrieving stolen public funds to the state's taxpayers. He explains who can bring a False Claims Act lawsuit, who qualifies as a whistleblower, protections available to individuals who come forward with vital information, and incentives provided to encourage individuals to bring qui tam lawsuits. Copyright© 2010 LexisNexis, a division of Reed Elsevier Inc. Visit www.lexisnexis.com/community/taxlaw.

On this edition, Steven Dimengo and Richard Fry of Buckingham Doolittle & Burroughs, LLP discuss principles governing Ohio use taxation and the state tax law's application to business activity in the state. They examine the incidence of use tax reporting delinquency and its potential adverse impact on companies doing business in Ohio, use tax exemptions available to some businesses, and penalties, audits and investigations that can follow taxpayer non-compliance. Copyright© 2010 LexisNexis, a division of Reed Elsevier Inc. Visit www.lexisnexis.com/community/taxlaw.

On this edition, Ivan Mitev and Richard Kando discuss principles governing the Foreign Account Tax Compliance Act and the law's application to investment funds. They examine withholdable payments and pass-through payments, explain the nature of compliance with this law and the severe penalties that apply for non-compliance. They describe what institutions and funds may or may not be subject to the law, as well as the mechanics of compliance. Copyright© 2010 LexisNexis, a division of Reed Elsevier Inc. Visit www.lexisnexis.com/community/taxlaw.