INSIGHTS | By: Bryan C. Van Cott | December 2, 2014
Since 1998, New York’s Tax Law § 1449-aa et seq. has allowed the five East End towns to impose upon buyers of certain real estate in those towns a 2% real estate transfer tax (the “Peconic Bay real estate transfer tax”) in order to fund the Peconic Bay region...INSIGHTS | By: | October 23, 2014
The Internal Revenue Service announced the cost of living adjustments affecting dollar limitations for pension and retirement plans for tax year 2015. The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans, is increased from $17,500...INSIGHTS | By: Bryan C. Van Cott | August 24, 2013
The NYS School Tax Relief (STAR) Program provides an exemption from school taxes for owner-occupied, primary residences where the combined income of the owners and spouses who reside on the property does not exceed $500,000. This is known as the Basic STAR exemption....INSIGHTS | By: Bryan C. Van Cott | January 21, 2013
As we all know by now, the feared “fiscal cliff” was averted at the eleventh hour. After tense and exhaustive negotiations that kept the country on edge, the Senate approved a bill to avert the fiscal cliff two hours after the midnight deadline on January 1, 2013, and...INSIGHTS | By: Bryan C. Van Cott | November 1, 2012
Barring repeal after the upcoming election, a 3.8% Medicare contribution tax will come into effect in 2013 to help pay for the Patient Protection and Affordable Care Act a/k/a Obamacare (the “Act”). There is a lot of false or misleading information on the Internet...Twomey Latham has enjoyed a steady rate of growth since it was established in 1973.
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