NYC Department of Finance Commissioner Jacques Jiha, Ph.D. Testimony on the FY'20 Preliminary Budget Hearing before the City Council Finance Committee.
The City of New York’s Comprehensive Annual Financial Report (CAFR) for Fiscal Year 2018. This
report, shows that The City of New York (City) completed its Fiscal Year with a General
Fund surplus, as determined by Generally Accepted Accounting Principles (GAAP), for the 38th consecutive year.
Local Law 7 of 2018 requires HPD to evaluate certain sales of select rent-regulated multiple dwellings for potential inclusion on the Speculation Watch List.
This Memorandum addresses the recognition of income that a taxpayer has deferred pursuant to section 409A of the Internal Revenue Code of 1986, as amended (the “IRC”), and explains how the taxpayer should report the income for UBT purposes.