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Consumer Protection

New York Issues Proposed Bitcoin Regulations

On July 17, the New York State Department of Financial Services (DFS) issued proposed regulations delineating a license process for certain businesses involved in Bitcoin and other virtual currencies (Proposed Rules).1 The Proposed Rules would require any business that engages in “...

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Tax

New York State And City Residency Rules Create Tax Traps For The Unwary

Is your client a resident of New York State for tax purposes? Under NYS Tax Law Section 605(b), a resident is defined as someone who is domiciled in New York State, or who maintains a “permanent place of abode” (PPA) and spends more than 183 days of the tax year in New York. A...

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U.S.

New President Pledges To Preserve What's Best About The State Bar – And Move it Forward

Editor: What are the steps that led you to become the newest New York State Bar president? Lau-Kee: I had a different path to the presidency than the other presidents in that I first became president of an ethnic bar, the Asian American Bar Association of New York, in the 1990s. That bar...

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