New York Residency Audit Update
New York continues to focus on residency audits as a means of raising revenue.  A residency audit can result in the taxation of an individual’s income from all sources rather than only from New York sources.  Resident status in New … Continue reading
Contesting Unreasonable Apportionment Formula Results
State apportionment formulas historically consisted of property, payroll and receipts factors.  Throughout the years, many states adopted variations such as single-factor receipts formulas, often accompanied by complex sourcing rules.  Some states have more than one apportionment formula, and different apportionment … Continue reading
Early 2018 Tax Amnesty Update
Happy New Year to all. As we ease into 2018, there are some tax amnesty matters for taxpayers to immediately consider. As covered in greater detail previously in our 2017 Tax Amnesty Update newsletter (available at www.genetelli.com), Rhode Island’s tax … Continue reading
2017 Tax Amnesty Update
There has been a recent uptick in tax amnesty activity.  Taxpayers should be aware of the following potential opportunities. Oklahoma is currently offering a voluntary disclosure initiative that runs through November 30th.  Benefits of the initiative include the waiver of … Continue reading
Combined Reporting Developments and Controversies in New York
The filing of corporate (income) tax returns on a combined (unitary) basis is an important state and local tax planning opportunity that should not be overlooked.  In deciding whether to apply this filing method, it is extremely important that a … Continue reading
Why Genetelli?

Genetelli is unique, successfully blending the high-quality experience and expertise found in the nation’s largest accounting firms with the concentration and client-focused characteristics of a tax specialty practice.

The advantages to our clients are clear:

• We consistently meet client expectations with responsive and personalized service.

• Our clients receive the depth of specialization required to properly address their state and local tax needs as well as business objectives.

• Our Firm size permits us to foster productive interaction with our clients and to acquire an in-depth understanding of their needs and overall objectives.

• Our ability to offer seasoned tax professional and partner involvement with every engagement at reasonable rates provides an exceptional value.