A retired Coudert Brothers partner living in Florida has convinced an administrative law judge that New York state has no right to collect personal income tax on the retirement monies he receives from firm profits.
John E. McDermott’s pro se case before the state Division of Tax Appeals has potentially broad implications for retired lawyers, doctors and other professionals whose retirement income is hedged to the future profits of a partnership.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]