Updates on Audit Issues
The Finance Audit Division has identified several issues that taxpayers frequently ask about. As a result of the many questions received, and in our ongoing efforts to provide clear and transparent guidance to taxpayers, Finance is providing Updates on Audit Issues, and will periodically publish new updates and information as they arise.
Audit Updates 2008
General Corporation Tax
The New York City net operating loss deduction is presumably the same as that allowed for Federal tax purposes, subject to three limitations. (June 2008)
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Unincorporated
Business Tax
A corporation that is a partner
in a partnership subject to the New York City Unincorporated Business Tax (UBT)
is subject to the New York City General Corporation Tax (GCT). (June
2008)
Download Audit Update
Real Property Transfer
Tax
The transfer of an equitable interest in real
property is a taxable conveyance for purposes of the Real Property Transfer Tax.
(June 2008)
Download Audit Update
Personal Income
Tax
Information regarding the residency rules where individuals have
not filed Personal Income Tax returns even though they are New York City
residents. (June 2008)
Download Audit Update
New York State Sales Tax
Information on the rules
involving capital improvements when determining sales tax obligations. (June
2008)
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Audit Updates 2007
Federal and State Changes
Internal Revenue Service and/or New York State Department of Taxation and Finance Reporting Changes. (October 2007)
Download Audit Update (26k)
Hotel Occupancy Tax
The Treatment of Hotel Rewards Points Programs under the Hotel Occupancy Tax (October 2007)
Download Audit Update (25.5k)
Utility Tax
Treatment of Internet Access Charges, Bundled Services Charges and Voice Over Internet Protocol Charges (VoIP) for Utility Tax purposes. (October 2007)
Download Audit Update (27.6k)
Banking Corporation
Interest Income on Obligations of New York State, its Political Subdivisions, or United States. (October 2007)
Download Audit Update (26k)
Audit Updates 2006
Commercial Rent Tax
Commercial Rent Tax Multiple Leases in One Premises (June 2006)
Download Audit Update (19k)
General Corporation Tax
General Corporation Tax Combination (June 2006)
Download Audit Update (19k)
Banking Corporation Tax
Bank Tax Audit International Banking Facility and Transactions with Offshore Facilities (Shell) (June 2006)
Download Audit Update (19k)
Real Property Transfer Tax
Real Property Transfer Tax Pursuant to Marital Settlement/Divorce Agreement (June 2006)
Download Audit Update (19k)
Unincorporated Business Tax
Unincorporated Business Tax Payments to Partner/Proprietor (June 2006)
Download Audit Update (19k)
