Galisano Likely to Encounter Difficulty; Avoiding New York Income Taxes Isn't Easy

Galisano Likely to Encounter Difficulty; Avoiding New York Income Taxes Isn't
Easy

BUFFALO, N.Y., May 18 /PRNewswire/ -- Once you are a New York State taxpayer,
it isn't easy to abandon that status simply by choosing to spend more time at
a second home in a state like Florida which has a more appealing tax
structure.

That's the view of Allan R. Lipman, a Buffalo attorney who also practices in
Florida and who has written and lectured widely, detailing the many steps a
person with two homes must take in order to change an official domicile.

Commenting on the recent threat of Thomas Galisano, the Rochester billionaire
and owner of the Buffalo Sabres, to save taxes by leaving New York for
Florida, Lipman observed:

"Avoiding New York taxes isn't easy. A person with homes in both states such
as Mr. Galisano cannot simply spend less than 184 days a year in New York and
automatically shed all New York income taxes. Florida has neither income nor
estate taxes and many of my clients find that even more attractive than the
sunshine."

Lipman said there are many steps that need to be taken in order to establish a
change that will satisfy investigators from the New York Department of
Taxation & Finance.

Galisano owns homes near Rochester and on Canandaigua Lake as well as in
Naples, Florida, and indicated he may sell the Canandaigua property. He plans
on retaining his other New York home and continue his ownership of the Sabres
and remain an active participant in New York political affairs.

"Considering all those issues, it would very difficult for Mr. Galisano to
satisfy all the requirements to avoid New York taxes," Lipman said.

Lipman addresses those factors in a 30 minute webcast dealing with domicile
issues, specifically designed for individuals with residences in the two
states. It is available without charge at www.snowbirdguide.com. That
website has for years provided information to persons with homes in both
states who either have or are considering a change of domicile to avoid New
York income taxes and New York estate taxes.

SOURCE Allan R. Lipman

Allan R. Lipman, +1-716-204-1150, or Hirsch & Company +1-716-877-6500