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Withdrawing Your Business from New York? Did You Pay the Exit Tax?

By Farrell Fritz P.C. on September 11, 2017
Posted in State Tax Issues

Departing Individuals

Many of you may know that an individual who changes his status from New York (“NY”) resident to nonresident is required to accrue to the period of his NY residence – i.e., include in his final NY tax return – any items of income or gain accruing prior to the change of residence…

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