White Plains New York Tax Blog

Claims of tax fraud can have serious legal consequences

On behalf of Lee David Auerbach, Esq. of Auerbach Law Group, P.C. posted in criminal/civil tax litigation on Friday, December 14, 2018.

Preparing and filing one's own income taxes is an esoteric exercise that New York residents must perform each and every year to avoid running afoul of the law. While many people have a good idea of what constitutes their wages and what deductions they may be qualified to claim, not everyone will get their taxes right on their first pass. When individuals make mistakes in the preparation of their tax documents, they may be flagged by the Internal Revenue Service as having committed tax fraud.

Fraud in the context of taxes is similar to fraud committed in other criminal pursuits in that it must involve the intentional desire to defraud someone in some way. Tax fraud can take the form of a willful avoidance of filing one's tax returns, intentionally leaving income off of one's filings to avoid paying more taxes, choosing to not pay one's tax obligation, and other intentional conduct. Tax fraud is generally not the inadvertent mistakes many Americans make when they become confused and lost in the complex process of preparing their own tax documents.

Helping New Yorkers address tax collection issues

On behalf of Lee David Auerbach, Esq. of Auerbach Law Group, P.C. posted in federal and state tax collections on Thursday, December 6, 2018.

Individuals and businesses in New York and elsewhere are aware that taxes are likely owed each year. One is also responsible for reporting income or profits earned each year. While addressing tax law matters can seem complex and challenging no matter a person's circumstances, it is important to address them, as they could evolve into larger issues.

Being involved in a tax debt and collection matter can be an emotional process. One may not fully understand the situation and what repercussions could result if one does not act timely. This is where a trusted law firm can be of assistance. At Auerbach Law Group, P.C., our team of lawyers has been helping individuals and businesses in the White Plains area for over three decades. Our goal is to help client become informed, act proactively and prevent their account from becoming delinquent.

Supreme Court decision about online tax may hurt small businesses

On behalf of Lee David Auerbach, Esq. of Auerbach Law Group, P.C. on Thursday, November 29, 2018.

The Supreme Court just passed down a ruling allowing states to require online retailers from out-of-state to collect sales taxes on purchases. Previously, states could only ask online sellers to collect sales taxes if that seller was located in the state.

According to The Washington Post, states were losing out on an estimated $8 billion to as much as $33 billion each year in taxes. This will be a huge windfall for states. It may also level the playing field for brick-and-mortar businesses that have always paid local and state taxes.

How has the child tax credit changed?

On behalf of Lee David Auerbach, Esq. of Auerbach Law Group, P.C. posted in tax controversies on Thursday, November 29, 2018.

The tax legislation from late 2017 made many changes to U.S. tax law. This includes changes to the child tax credit. These changes apply to tax year 2018, so they will be a factor next filing season.

This tax credit is one that families can typically claim for dependent children under 17 who lived with them for at least half of the year. So, it is a credit many families may look into. Today, we’ll go over some of the key changes that the 2017 tax legislation made to this credit.

What types of IRS audits could you face?

On behalf of Lee David Auerbach, Esq. of Auerbach Law Group, P.C. on Monday, November 26, 2018.

If you have recently received a letter from the IRS indicating that you have been selected for an audit, it is natural for you to be nervous and stressed. There are several different types of audits, each with different ramifications for your personal or business taxes.

After the headache of an IRS audit there may be additional fines, penalties, or interest payments due. Knowing how to expedite the audit you are facing may help you limit financial consequences.