-
JDS’ 111 West 57th Street penthouse sells for $53M
JDS Development has locked down another deal at 111 West 57th Street. An unknown buyer paid $53 million, or roughly $7,600 per square foot, for a penthouse at the Billionaires’ […]
-
FinCEN Issues Compliance Guide to Help Small Businesses Report Beneficial Ownership Information
Immediate Release September 18, 2023 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a Small Entity Compliance Guide to assist the small business community in […]
-
NYS Dept of Taxation, Opinion on Revocable Licenses
NYS Department of Taxation and Finance (DTF) recently took the position that a revocable license granted for a parking space and a revocable license granted for storage space in a […]
-
Current Developments, July, 2023
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
Suffolk County, Peconic Bay Tax Explainer
WHAT The Peconic Bay Community Preservation Fund Tax rate will increase on April 1, 2023 per NY Tax Law 1449-BB and local town codes. Note -Property with a binding contract […]
-
Current Developments, March 2023
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
New Notary Regulations: Remote Notary & Journal Requirements
A new law, NY Executive Law Section 135-c, authorizes notaries to perform electronic notarial acts by registering with the Department of State and complying with new rules. Notaries wishing to […]
-
Suffolk County, Additional Peconic Bay Tax
On January 10, 2023, the County of Suffolk issued a memo announcing that it will delay the full implementation of the recently enacted changes for the Peconic Bay Community Preservation […]
-
NY Title Industry News and Updates – July 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – May 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – April 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – February 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – January 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – November 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
GIT/REP Forms Update Alert
Please be advised that the following GIT/REP forms have been updated over the course of 2021: GIT/REP-1: Nonresident Seller’s Tax Declaration [revised October 2021] GIT/REP-2: Nonresident Seller’s Tax Prepayment Receipt [revised October […]
-
NY Title Industry News and Updates – October 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – August 2021
Current Developments Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would […]
-
2 Minutes on Title: Links We Love – Sellers Residency Forms & Affidavits of Consideration
Have you ever been unsure where to find the GIT/REP forms and Affidavits of Consideration, or had questions about how to complete them? Have you ever had difficulty getting in […]
-
Gross-Up of Transfer Tax on Residential Property Where Purchaser Pays NYS Transfer Tax (Tax Law 1404)
Effective July 1, 2021, the amendment to Tax Law 1404 will go into effect. One of the provisions of the amended law states: In the case of a conveyance of […]
-
New York Title Industry News and Updates – June 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – June 2021, Special Edition
New York’s Statutory Short Form Power of Attorney (“SSF”) Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in […]
-
2 Minutes on Title: Death & Taxes
In recent years, state and federal legislative changes have reduced, but not eliminated, exposure to governmental liens arising out of the death of real property owners. Click on this link to […]
-
POWERS OF ATTORNEY: QUESTIONS TO CONSIDER
Have you ever been unsure about relying upon a Power of Attorney (“POA”) in your transaction? Here are key questions to ask yourself and your clients: Why is the POA […]
-
Revised IT-2663 Form
Please note that a revised IT-2663 form has been recently implemented by the NYS Department of Finance. A link to the revised form is provided below; the difference between the […]
-
NY Title Industry News and Updates – April 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – April 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
Quick Title Tips – Spousal Signature Requirements
Have you ever been confused about whether both spouses need to sign a deed or mortgage? Spousal signature requirements will depend upon the type of transaction and the couple’s use […]
-
Quick Title Tips – Bankruptcy and Judgment Liens
Have you ever been told “That judgment was wiped out by my bankruptcy and my attorney told me I don’t need to worry about it”? Although the bankruptcy discharge may […]
-
NY Title Industry News and Updates – March 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – March 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry Bulletin: New Statutory Short Form Power of Attorney
RE:New Statutory Short Form Power of Attorney (GOL Section 5-1501 et seq.)On December 15, 2020, Governor Cuomo signed into law a revision of the General Obligations Law Section 5-1501 that […]
-
NJ Title Industry Memo: Revisions to GIT/REP-3 and GIT/REP-4
The State has revised the GIT/REP-3 and GIT/REP-4 forms. The revised versions of each form are available on the State’s website – www.state.nj.us/treasury/taxation (choose Forms, Income Tax Forms). The revised version of each form […]
-
NY Title Industry News: Town of New Paltz Has New Transfer Tax, Effective 2/1/2021
Please be advised that the Town of New Paltz is now imposing a new real estate transfer tax, effective February 1, 2021. The law imposing the new tax, enacted pursuant […]
-
NY Title Industry News and Updates – January 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – November 2020
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – September 2020
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News & Updates – July 2020
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
New York City Water and Sewer Usage Data and Billing History
There is a major change to tax searches concerning NYC Water and Sewer Charges. Going forward, the search will disclose only the current account balance and will not indicate the period […]
-
NY Title Industry News & Updates – June 2020
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
IRS Notice Extends 1031 Exchange Deadlines
On April 9, 2020 the IRS issued Notice 2020-23. This Notice extended many deadlines for taxpayers affected by the COVID-19 pandemic including Section 1031 exchange time deadlines. This Notice […]
-
NJ Title: Important Information re: Redemption of Tax Sale Certificates
Redemption of tax sale certificates [“TSCs”] can present difficulties for buyers and sellers, as well as for their attorneys and title companies. N.J. Title Practice, §101.17 (4th Ed. 2016) discusses […]
-
NY Title Industry News & Updates – March 2020
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
Updated TP-584 Form
New York State has published an updated TP 584 Form for use on all transfers of interest in real property. A copy of the form can be accessed here. Effective […]
-
NY Title Industry News and Updates – January 2020
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NJ: Updated GIT/REP Forms
Please be advised that the Division of Taxation has recently posted revised GIT/REP 1, 3 and 4 forms on its website. As you are aware the New Jersey Gross Income […]
-
NY Title Industry News and Updates – November 2019
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News: UPDATE to New Requirements for TP-584 and NYC RPT Forms for LLCs
On September 20, 2019 we sent a newsletter regarding the new Tax Law in NYC, effective immediately, regarding LLC’s involved in residential real estate transactions. To view the newsletter, click […]
-
NY Title Industry News and Updates – Urgent NYC Tax Law Change
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – September 2019
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
-
NY Title Industry News and Updates – August, 2019
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]