USA – NEW YORK Trends and Developments Contributed by: Eugene J. Gibilaro and Joshua M. Sivin, Blank Rome LLP
rate tax positions is essential. Taxpayers should work with experienced advisers to identify opportunities, mitigate risks, and ensure compliance with an evolv - ing set of rules. When the State or City overreaches – whether through aggressive audit positions, over - broad regulations, or interpretations that strain statu - tory text – taxpayers should be prepared to push back and, when necessary, to litigate.
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