Perspective
Aug. 21, 2014
Cautionary tax tale in Sundance Kid's Sundance sale
A recently filed complaint by Robert Redford highlights, among other things, the complexities nonresident taxpayers may run into when selling ownership interests in closely held entities. By Troy M. Van Dongen
A recently filed complaint by Robert Redford highlights, among other things, the complexities nonresident taxpayers may run into when selling ownership interests in closely held entities. Redford v. New York Dept. of Tax. and Finance, No. 3974-14 (N.Y. Sup. Ct. Albany Cty., filed July 31, 2014). The core issue in this case concerns the "apportionment" of income generated from the sale of membership interest in a New York lim...
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