Tatiana's Status As Brighton Beach Icon Hurts Owner In Tax Appeal
The other string in the Division’s bow is something called the New York rule. If you have a place of abode in New York (Ms. Varzar continued to own a house in Brooklyn where her daughters lived) and you are in New York more than 183 days, then you are a “statutory resident”. You are treated as a full year resident even though your domicile is elsewhere.
No, Unrecorded Intrafamily Home Mortgages Aren't Deductible
It is interesting to note the trade-offs and, to be cynical, the tangled webs we sometimes weave. By not recording the family mortgage, there was probably a better deal on the subsequent bank mortgage. The loss of the deduction is an expensive trade-off.
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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.