Comments on: Is New York eyeing Leslie Moonves? http://www.footnoted.org/buried-treasure/is-new-york-eyeing-leslie-moonves/ Michelle Leder's guide to what's hiding in SEC filings Fri, 21 Nov 2008 17:24:52 +0000 http://wordpress.org/?v=2.6.3 By: Morgan Holcomb http://www.footnoted.org/buried-treasure/is-new-york-eyeing-leslie-moonves/#comment-3266 Morgan Holcomb Fri, 07 Sep 2007 13:54:30 +0000 http://www.footnoted.org/buried-treasure/is-new-york-eyeing-leslie-moonves/#comment-3266 I agree with Mr. Walsh. New York is notoroius for its aggressive stance on taxing non-resident commuters. California is permitted to tax Mr. Moonves on all of his income (assuming he lives in California), but New York can tax Moonves on income "sourced" or earned in New York. New York's extraordinarily expansive view on what income is "sourced" to New York is well known in the tax-nerd world, and my guess is that is what Moonves is trying to avoid. I agree with Mr. Walsh. New York is notoroius for its aggressive stance on taxing non-resident commuters.

California is permitted to tax Mr. Moonves on all of his income (assuming he lives in California), but New York can tax Moonves on income “sourced” or earned in New York. New York’s extraordinarily expansive view on what income is “sourced” to New York is well known in the tax-nerd world, and my guess is that is what Moonves is trying to avoid.

]]> By: Kirk Walsh http://www.footnoted.org/buried-treasure/is-new-york-eyeing-leslie-moonves/#comment-3072 Kirk Walsh Fri, 24 Aug 2007 13:59:02 +0000 http://www.footnoted.org/buried-treasure/is-new-york-eyeing-leslie-moonves/#comment-3072 If Mr. Moonves lives in California (which seems to be according to your post), he could be audited by New York. The State of New York has recently asserted in several cases that employees working in other states for companies located in New York have to pay New York income taxes on their full income. Many of these cases have been related to telecommuting employees, but if Mr. Moonves is the only employee of CBS in California and is working there for his convenience rather than the convenience of CBS, it is possible that he is in New York's crosshairs. Or, he has a good lawyer that has heard about these cases and wants to make sure he doesn't get caught up in them. If Mr. Moonves lives in California (which seems to be according to your post), he could be audited by New York. The State of New York has recently asserted in several cases that employees working in other states for companies located in New York have to pay New York income taxes on their full income. Many of these cases have been related to telecommuting employees, but if Mr. Moonves is the only employee of CBS in California and is working there for his convenience rather than the convenience of CBS, it is possible that he is in New York’s crosshairs.

Or, he has a good lawyer that has heard about these cases and wants to make sure he doesn’t get caught up in them.

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