Amendment to NYS Tax Law Affects Recording of Deeds for LLCs

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New York’s new real estate transfer tax recording requirements for LLCs raise questions on whether the scope and complexity of the changes can be enforced or noncompliance monitored. Our State & Local Tax Group explores:

  • Disclosing all LLC members
  • Who is a “natural person”?
  • Compliance and confidentiality concerns

Read the full advisory here.