Paying taxes may not be enjoyable or glamorous. However, it is something that individuals in New York and elsewhere must do. While filing tax returns seems like a routine process, mistakes can be made. These mistakes can look like intentional actions to evade paying...
Large Firm Skills
With Small Firm Service
Year: 2018
What happens during an audit?
Thousands of business and personal account audits occur throughout the United States every year. The documentation review works to ensure that you or your business accurately pays government taxes, so that you may live and work legally in the country. Evading taxes...
Tax opinions and tax litigation
Individuals in New York and elsewhere have tax obligations each year. While some years may be more than others, the reality is that one cannot avoid these financial obligations once it is established that a person owes taxes to the state or federal government. Despite...
Claims of tax fraud can have serious legal consequences
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...
Helping New Yorkers address tax collection issues
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...
How has the child tax credit changed?
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...
How to know if you qualify for innocent spouse relief
Filing for taxes ranks right up with getting your teeth pulled for many Americans. Often, people pass the task off to someone else. Perhaps you asked your present or former spouse to fill out your tax return. Now you have received a letter stating that you...
Supreme Court decision about online tax may hurt small businesses
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...
What types of IRS audits could you face?
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...