Following their guilty pleas, a federal judge informed four siblings in the New York area that they will have to serve a few months in federal prison. Additionally, they owe about $4 million in back taxes and penalties. They will have to pay this as part of their...
Large Firm Skills
With Small Firm Service
Month: June 2019
Tax implications of classifying employees vs. contractors
Companies like Uber and Lyft have recently made news for misclassifying drivers as independent contractors rather than employees. Understanding such classifications can be especially critical for small businesses.According to The Balance, classifying workers as...
How can the Office of Appeals help me?
The Office of Appeals is a division within the Internal Revenue Service, or IRS, that operates independently from other branches within the agency. Their role is to review the decisions of field agents and others and, if necessary, correct them so that they comply...
New York taxpayers should be aware of new regulations
One of the most popular deductions that White Plains residents may prefer to take on their taxes is the charitable deduction. This deduction allows those who contribute to qualified not-for-profits, often a 501(c)(3) corporation, to strike that amount from their...
Tax issues can lead to complicated criminal and civil litigation
The Internal Revenue Service is one of the most dreaded of all public institutions in America. When the IRS comes calling for civil tax concerns -- usually with a letter sent via regular US mail - a person's heart can sink. Were taxes left unpaid?Was income overlooked...