Since our previous discussion on New York City’s revival of the tax lien sale, several key developments have occurred that warrant attention. The Department of Finance (DOF) has proposed new rules aimed at refining the hardship installment payment plan, and the City...
Early on in 2018, one of the major new items included in the Tax Cuts and Jobs Act of 2017 was The Opportunity Zones Program. After the initial pomp and circumstance died down, the Opportunity Zones program became a success for low-income urban and rural communities...
On January 28, 2025, R&E Member Benjamin M. Williams was a featured guest speaker for the Council of New York Cooperatives and Condominiums (CNYC) - Action Committee for Reasonable Real Estate Taxes. During this informative webinar, Ben shared valuable insights...
The U.S. Financial Crimes Enforcement Network (FinCEN) has issued a statement clarifying that, due to a separate nationwide order from an unrelated litigation challenging the Corporate Transparency Act (CTA) remaining in effect, reporting companies are not currently...
1. Introduction This blog post summarizes the New York City Tax Commission’s updates for the 2025 filing season. It includes revised filing deadlines, changes to income and expense reporting, modifications to various Tax Commission forms, and other relevant...
Earlier today, January 23, 2025, the United States Supreme Court stayed the nationwide preliminary injunction that had blocked enforcement of the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements. As a result, the...
On January 22, 2025, R&E Counsel David J. Rosenberg delivered an engaging and informative in-house CLE session titled “Development Opportunities and Diligence Issues after City of Yes”. The presentation provided an in-depth exploration of the shifting landscape of...
Accomplished State and City housing and economic development specialist will add expertise to dedicated City of Yes development group NEW YORK, Jan. 22, 2025 –Rosenberg & Estis, P.C., currently celebrating its 50th year as one of New York City’s pre-eminent real...
On January 21, 2025, R&E Member and Head of the Litigation Department, Luise A. Barrack, had the distinct pleasure of meeting with the ambitious participants of the YMCA Leader’s Club Rowe Scholars. This engaging session provided Luise with a unique opportunity to...
The NYC Department of Finance (DOF) released the tax year 2025/26 tentative assessment roll on January 15, 2025. Citywide market value reached $1.579 trillion (up 5.7% over last year), the first time total value has exceeded $1.5 trillion. Taxable billable assessed...