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The Law Office of Joseph Yau, PLLC: March 2014
http://blog.jyaulaw.com/2014_03_01_archive.html
Wednesday, March 26, 2014. Offer of Renewal of Rent Stabilized Lease Is Not Deemed Automatically Renewed. Posted by Joseph Yau, Esq. Links to this post. Subscribe to: Posts (Atom). Attorney Advertising. Every person's situation is different and unique. Laws change regularly. Nothing here is represented, warranted, or guaranteed to be accurate or complete. For legal advice, you should engage an attorney for consultation or representation. Visit the website of. The Law Office of Joseph Yau, PLLC.
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The Law Office of Joseph Yau, PLLC: New York State Estate Tax Has Changed
http://blog.jyaulaw.com/2014/06/new-york-state-estate-tax-has-changed.html
Wednesday, June 11, 2014. New York State Estate Tax Has Changed. Effective April 1, 2014, exemption from New York State estate tax will be revised gradually upward over the next few years until the exemption is equal to the federal estate tax exemption. Prior to April 1, 2014, exemption from New York State tax was applicable only for estates equal or less than $1,000,000.00. This was the rule since 1997. For estates that are between 100% and 105% of the above exclusion amount, exemption of estate taxatio...
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The Law Office of Joseph Yau, PLLC: Who Pays What Tax When You Buy or Sell Your Home?
http://blog.jyaulaw.com/2011/06/who-pays-what-tax-when-you-buy-or-sell.html
Tuesday, June 21, 2011. Who Pays What Tax When You Buy or Sell Your Home? You can see some of the rates below. And if you are planning to take a mortgage loan for your purchase, you will also be responsible for mortgage tax on the loan amount that you will be borrowing, as part of the closing costs that you will be incurring in your purchase. See here. For information on mortgage tax. New York State Transfer Tax. Seller pays unless provided otherwise in a contract or other agreement. Attorney Advertising...
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The Law Office of Joseph Yau, PLLC: Mortgage Forgiveness Debt Relief Act is Extended
http://blog.jyaulaw.com/2014/12/mortgage-forgiveness-debt-relief-act-is.html
Wednesday, December 31, 2014. Mortgage Forgiveness Debt Relief Act is Extended. This is welcome relief especially for many homeowners in New York City where mortgage debt easily exceeds $500,000.00 stemming from the period of easy credit to purchase real property with little to no money down. It is unknown whether Congress will grant an extension of the Relief Act through the end of 2015 or even on a more permanent basis. Posted by Joseph Yau, Esq. Subscribe to: Post Comments (Atom). Visit the website of.
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The Law Office of Joseph Yau, PLLC: Sellers in a Short Sale
http://blog.jyaulaw.com/2011/07/sellers-in-short-sale.html
Tuesday, July 12, 2011. Sellers in a Short Sale. For a brief explanation of a short sale, see the post on Purchasers in a Short Sale here. Posted by Joseph Yau, Esq. Real property purchase and sale. Subscribe to: Post Comments (Atom). Attorney Advertising. Every person's situation is different and unique. Laws change regularly. Nothing here is represented, warranted, or guaranteed to be accurate or complete. For legal advice, you should engage an attorney for consultation or representation.
blog.jyaulaw.com
The Law Office of Joseph Yau, PLLC: June 2014
http://blog.jyaulaw.com/2014_06_01_archive.html
Wednesday, June 11, 2014. New York State Estate Tax Has Changed. Effective April 1, 2014, exemption from New York State estate tax will be revised gradually upward over the next few years until the exemption is equal to the federal estate tax exemption. Prior to April 1, 2014, exemption from New York State tax was applicable only for estates equal or less than $1,000,000.00. This was the rule since 1997. For estates that are between 100% and 105% of the above exclusion amount, exemption of estate taxatio...
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The Law Office of Joseph Yau, PLLC: Increased Taxes Are Here
http://blog.jyaulaw.com/2013/06/increased-taxes-are-here.html
Thursday, June 27, 2013. Increased Taxes Are Here. In addition to the change in estate and gift tax provisions made as a result of the passing of the American Taxpayer Relief Act of 2012 by Congress as mentioned in this post. The Act also increased taxes on certain income tax provisions, including but not limited to federal income tax rates, capital gains tax rates, and dividend tax rates. The top marginal tax rate on income will increase to 39.6% up from 35%. 75,000.00 ordinary income. 1,025,000.00.
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The Law Office of Joseph Yau, PLLC: Foreign Account Disclosure and IRS Amnesty
http://blog.jyaulaw.com/2012/04/foreign-account-disclosure-and-irs.html
Sunday, April 15, 2012. Foreign Account Disclosure and IRS Amnesty. Any United States person, such as a US citizen or a legal permanent resident, with foreign bank accounts with an aggregate value exceeding $10,000.00 must report yearly such holdings to the IRS. This is done by filing a Report of Foreign Bank and Accounts ("FBAR"), form TD F 90-22.1. Posted by Joseph Yau, Esq. Subscribe to: Post Comments (Atom). Visit the website of. The Law Office of Joseph Yau, PLLC. 139 Centre Street, Suite 816.
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The Law Office of Joseph Yau, PLLC: Offer of Renewal of Rent Stabilized Lease Is Not Deemed Automatically Renewed
http://blog.jyaulaw.com/2014/03/offer-of-renewal-of-rent-stabilized.html
Wednesday, March 26, 2014. Offer of Renewal of Rent Stabilized Lease Is Not Deemed Automatically Renewed. Such were the facts of the case in Samson Management v. Hubert,. Therefore, in the facts described above and similarly reflected in the Hubert. Posted by Joseph Yau, Esq. Subscribe to: Post Comments (Atom). Visit the website of. The Law Office of Joseph Yau, PLLC. 139 Centre Street, Suite 816. New York, New York 10013. Do I Lose Everything If I File Bankruptcy? Purchasers in a Short Sale.
