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NYers To Receive Share of $106M Settlement Over Vanguard Retirement Fund Changes NYers To Receive Share of $106M Settlement Over Vanguard Retirement Fund Changes
NYers To Receive Share of $106M Settlement Over Vanguard Retirement Fund Changes Thousands of New Yorkers forced to pay higher taxes on their retirement savings are set to receive restitution after a $106 million, multi-state settlement was reached with Vanguard Group. The agreement, announced by New York Attorney General Letitia James on Friday, Jan. 17, comes after the investment advisory firm failed to inform investors of changes to its retirement funds.  Those changes led to unexpected and significant capital gains tax bills for hundreds of thousands of investors, including over 15,000 in New York, James’ office said. An investigation found that Vanguard reduc…

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by Michael Mashburn
Politics
New Poll Reveals Long Islanders' Preference In Closely Watched Congressional Races New Poll Reveals Long Islanders' Preference In Closely Watched Congressional Races
New Poll Reveals Long Islanders' Preference In Closely Watched Congressional Races Fresh polling appears to show a political divide between two closely watched congressional races on Long Island. Democrat Laura Gillen leads incumbent Republican Rep. Anthony D’Esposito by 12 percentage points, 53 to 41 percent, among likely voters in New York’s 4th District, according to a Siena College/Newsday poll released Tuesday, Oct. 22 D’Esposito has represented the 4th District, which includes central and southern Nassau County, since 2023. The race was considered a tossup by The Cook Political Report. Earlier Report: Competitive Long Island, Hudson Valley Races Seen As Key …

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by Michael Mashburn
Politics
Changing Of Guard: New Leadership Set To Take Over This Long Island County No Matter Vote Changing Of Guard: New Leadership Set To Take Over This Long Island County No Matter Vote
Changing Of Guard: New Leadership Set To Take Over This Long Island County No Matter Vote No matter the final vote tally, this Long Island county will soon be under new leadership. The race for Suffolk County executive sees Republican Ed Romaine face off against Democrat Dave Calone. Voters’ top choice will replace Democrat Steve Bellone, who is nearing the tail end of his fourth three-year term, making him ineligible to run again. Romaine has been Brookhaven town supervisor since 2012, having been re-elected four times. He previously served on the Suffolk County Legislature. On the campaign trail he said his priorities would be jobs and affordable housing.  He also said…

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by Michael Mashburn
Politics
'Good Riddance,' Cuomo Tells Trump As Lifelong NYer Declares Himself Permanent Florida Resident 'Good Riddance,' Cuomo Tells Trump As Lifelong NYer Declares Himself Permanent Florida Resident
'Good Riddance,' Cuomo Tells Trump As Lifelong NYer Declares Himself Permanent Florida Resident President Donald Trump, a lifelong New York resident, and First Lady Melania Trump have filed a “declaration of domicile,” that will make their Mar-a-Lago Club in Palm Beach, Florida, their permanent residence. “If I maintain another place or places of abode in some other state or states, I hereby declare that my above-described residence and abode in the State of Florida constitutes my predominant and principal home, and I intend to continue it permanently as such,” states the document that Trump filed with the Palm Beach County Circuit Court.  It has been reported that Trump’s decisi…

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by Zak Failla
News
Popular Long Island Steakhouse Seized By State For Unpaid Taxes Popular Long Island Steakhouse Seized By State For Unpaid Taxes
Popular Long Island Steakhouse Seized By State For Unpaid Taxes A popular Long Island restaurant that has been a favorite spot for locals for some 57 years has been seized by New York State for nonpayment of taxes. The Clubhouse, at 320 W Jericho Turnpike in Huntington, which was closed on Tuesday, Sept. 10, owes the state back taxes totaling $168,481.02, said James Gazzale, a spokesman for the New York State Department of Taxation and Finance.  The amount covers a two-year period from 2017 to 2019, Gazzale said. Gazzale said the department typically "leaves all avenues open," in an effort to recoup their funds and for the business to be able to r…

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by Kathy Reakes
Business
Popular Long Beach Coffee Shop Seized By State For Failure To Pay Taxes Popular Long Beach Coffee Shop Seized By State For Failure To Pay Taxes
Popular Long Beach Coffee Shop Seized By State For Failure To Pay Taxes A popular coffee shop on Long Island has been seized by the government for failing to pay tens of thousands of dollars in taxes. The New York State Department of Taxation and Finance seized Gentle Brew Coffee Roasters in the heart of Long Beach for a “warranted balance” of $51,264.63, leading to officials shuttering the doors of the Park Avenue staple's two locations. The liability dates back to 2017. According to reports, the owners are presently in talks with the state to pay off the unpaid taxes and any penalties that were imposed. In response to reports of Gentle Brew being seiz…

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by Zak Failla