Tax law can be complicated. This is often why individuals in New York and elsewhere rely on the assistance of tax professionals or tax programs to file their taxes. While individuals and businesses have a set duration to file taxes each year, the IRS is bound by...
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With Small Firm Service
Month: March 2019
What is the difference between tax evasion and tax avoidance?
Whether you hand a stack of papers to your accountant or decide to handle them yourself, getting your taxes done is necessary each year. While there are some exceptions, if one is required to file taxes, he or she needs to do their due diligence to properly file them....
Seeking tax penalty relief through reasonable cause
For some individuals in New York and elsewhere, tax time is just another day. For others, it is a dreaded times, as they are finding it difficult to pay the taxes they owe. When it becomes problematic and taxes are not paid, an individual could face penalties....
Helping you strategize a solution for tax debt
Although some individuals in New York are concerned about tax day approaching, others are still focused on tax issues they are dealing with from previous years. When tax debt exists, individuals and businesses will face collection. These can be trying times, causing...
What are the penalties for tax fraud?
Facing any type of criminal allegations is a serious matter; however, some do not realize how criminal charges could stem from a wide variety of situations. Take for example taxes. Residents in New York and elsewhere are expected to pay taxes if they are owed....
How a civil audit can turn into a criminal tax case
It is without question that the U.S. tax system is complicated. This is why most Americans seek out the assistance of an accountant to complete their taxes. Despite the initiative to obtain professional help, if an individual is not forthcoming or takes steps to...
What is good about tax season?
Most Americans do not look forward to filing taxes. However, if you know what your options are, you may be able to use the law to your advantage to reduce your tax liability.As a business owner, you might appreciate new legislation regarding tax breaks beginning with...
Changes to the STAR program to address tax fraud
New York residents are likely knowledgeable of the various tax benefits offered by the state. These programs are designed to help certain residents, and if they prove eligibility, these individuals can enjoy the benefits of these programs. This may address assistance...
Estimated taxes in federal and state tax collections
As tax time rapidly approaches, many New Yorkers are still unaware of the details of certain issues that will inevitably affect them and their finances. While many people simply get their tax information from their workplace and follow the instructions when filling...
Art mogul moves from gallery to cell in tax fraud sentence
For art lovers, the colors and textures on a canvas can invoke a message, emotion or memory. But while much of art is left to individual interpretation, the laws surrounding it are far more concrete.New York American art dealer and gallerist, Mary Boone, has been...