A New York Day Is Like A New York Minute At Least For Taxes
Applying the New York rule and this day counting technique, I can conceive of someone being a full year resident of New York, New Jersey and Massachusetts. My hypothetical guy whom I call Harry Hedgefund has a monstrous house in Alpine NJ and apartments in Manhattan and Boston. It is not unusual for him to have meetings in New York in the morning and Boston in the evening. So he is domiciled in New Jersey and a statutory resident of both New York and Massachusetts. I’d hate to be the tax preparer who had to explain it to him.
Structuring Seems Like A Crime You Can Commit By Accident
Interestingly, the threshold for currency reporting ($10,000) has not changed since the seventies. I asked Ms. Zimiles about that and she said that raising the number has been discussed many times, but there is never any consensus as to what the new number should be, so it remains $10,000. It’s funny because I remember in the seventies not having a credit card at all and feeling that if I had eight dollars in my wallet, I was ready for anything. On the other hand, people tended to routinely deal in cash a lot more back then. I was a hotel night auditor and I handled a lot of twenties and hardly any hundreds and nowadays I still don’t have any call for hundreds, but I am using my credit card in pizza shops.
Follow Me
Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.