Receiving an audit notice from the Internal Revenue Service (IRS) can be nerve-wracking at first. However, if you have not provided false information or failed to complete your taxes, you may not have anything to worry about. The IRS conducts investigations when they...
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Year: 2019
Overview of the federal crime of tax obstruction
There has been a lot of talk about obstruction in the media these days. In running speech, obstruction refers to the effort of one person unfairly refusing to let another person, or institution, do his or her job.In the world of federal taxation, tax obstruction...
Budget gap leads to talk of additional taxes
According to reports, the State of New York is facing a budget gap of over $6 billion in 2020. With the New York legislature disinclined to cut benefits, especially healthcare benefits, the deficit has led to talk of higher taxes.Some of the ideas being floated would...
Certain tax shelters can lead to trouble with the IRS
Although the term may have a negative connotation, a tax shelter is, strictly speaking, not always illegal or bad.After all, many people in the White Plains area have retirement plans which carry tax benefits with them. Many other New Yorkers own real estate and may...
More on New York’s sales tax scheme
A previous post on this blog talked about how an iconic store in New York City was facing allegations that it evaded collecting and remitting the state's sales taxes for years. The store is now staring down an over $7 million delinquent tax bill that is now pending in...
Tax saving, avoidance and evasion can be worlds apart
Many people and businesses wonder if they could pay less in taxes. But they often also worry that trying to keep their tax bill as low as possible could get them in trouble with the law.Experts generally agree that paying only the required taxes is both smart and...
Am I on the hook for my spouse’s unreported income?
The IRS is well-known for aggressively pursuing taxpayers whom the agency has determined owe additional taxes. This is especially true when the IRS feels that the taxpayer was less than forthcoming about their income or deductions or, in its view, tried to game the...
Famous New York electronics store sued for sales tax evasion
A famous photo, video and electronics store that is well-known as a Manhattan institution, B&H Foto & Electronics Corp, is now facing a lawsuit filed by the New York state Attorney General. The suit alleges that the store has been evading sales tax for years...
An overview of the sales and use tax
Like other states, New York imposes a tax on the sale of certain retail goods and services. Also like other states, the law allows cities and other local governments within New York to impose their own additional sales taxes.Although consumers may think otherwise, it...
Making tax repayment arrangements with the state
Our law office has previously discussed how New Yorkers who wind up owing the IRS back tax payments can work with the IRS in order to repay those taxes without being reduced to poverty. t is important, however, that taxpayers in and around White Plains not lose sight...