Art buyers are regularly faced with the complexities of sales and use tax. This session will cover the basics of sales and use tax, and in the context of several case studies, dive deeper into the details pertaining to tax jurisdictions relevant to art purchasers, tax compliance requirements and potential exemptions.
This session will take place offline at 2pm on November 6th at The Accessible Art Fair, which breaks barriers by enabling expertly vetted artists to show and sell their work directly to collectors at the iconic New York City landmark, the National Arts Club in Gramercy Park.
Patricia Pernes, Esq. is a Tax Consultant in the Deloitte Tax, LLP Business Tax Services practice and is part of the Deloitte Art & Finance Group. Her experience includes work with the Taxpayer Advocate Service of the Internal Revenue Service and the Connecticut Commission on Human Rights.
Patricia holds a JD/MBA from the University of Connecticut with a certificate in tax, having written her certificate research project on Taxation of Visual Artists: Fine Art, Capital Gains, and the Art of Giving. Patricia has published articles on use tax for art sales, as well as art lending, and is a member of the New York City Bar Association Art Law Committee, and the New York State Bar Association Entertainment, Art and Sports Law Section, Fine Art Subcommittee.
Georges Lederman, partner in the law firm of Pearlstein, McCullough & Lederman LLP, is an experienced white collar criminal defense attorney and civil litigator who has focused on representing art world clients over the past 15 years. He has tried over 30 felony jury trials to verdict and has represented collectors, art dealers, galleries and auction houses before federal and state law enforcement agencies investigating the sale of fraudulent works of art; the importation of ivory, antiquities and international cultural heritage artifacts; sales tax evasion; and money laundering. Mr. Lederman served for 10 years as an Assistant District Attorney in the Frauds Bureau and Trial Division of the New York County District Attorney’s Office. He is a guest lecturer at the very same agencies before whom he frequently appears and a contributing writer to art world publications.