Michael Coppa
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Blog / 09.28.20 /Michael Coppa
Socially Distanced Closings
The COVID-19 pandemic has greatly impacted the closing process in the real estate industry. Many offices that used to host typical real estate closings now prohibit or discourage in-person closings, and closing participants are reluctant to spend extended periods in conference rooms that can seem cramped and unventilated. The Covid-19 pandemic has forced the NY …
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Blog / 11.14.19 /Michael Coppa
New Transfer Tax Requirements for LLC’s
NY State and NYC transfer tax laws were recently amended to require that transfer tax returns filed by limited liability companies (“LLC’s”) for the sale or purchase of residential real property include the names, addresses and taxpayer ID numbers of all of the individual members of both the LLC itself and of its non-natural members. …
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