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December 2010 - Posts

New Income Thresholds for STAR Exemptions in 2011

New York State's School Tax Relief (STAR) Program provides property tax exemptions (also known as homestead exemptions) for New York homeowners. Starting in 2011, Basic STAR is available to anyone who owns and lives in his or her own home and earns

New 1099 Reporting Requirements for Landlords in 2011

Starting in 2011, any person who receives rental income must provide a Form 1099 for all payments of $600 or more made to service providers such as plumbers, carpenters, yard services and repair people. The recently-enacted small business legislation