Dealing with taxes is annoying at best and immensely complicated at worst. For some New York residents, their yearly tax journey may not end with simply filing their returns and receiving a refund or having a bit more taxes to pay. In some cases, the Internal Revenue...
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Month: February 2020
Improperly reporting cryptocurrency could lead to tax litigation
New York residents who are financially savvy may have jumped into the cryptocurrency game at its inception. Whether individuals have participated in crypto trades, mining, sales or other related activities, those actions may have become lucrative endeavors. Still, it...
Collections for tax debt do not have to go on forever
Paying taxes seems like a burden to most New York residents and those around the country. Though people may grumble at the amount withheld from their paychecks, they may feel relieved when they receive a refund. Unfortunately, everyone is not lucky enough to obtain a...
Avoid these common income tax mistakes in 2020
Paying taxes to the IRS every year is an unpleasant task for everyone, but you want to avoid making the process even more difficult, and expensive, by making mistakes on your income tax returns.While many errors won’t automatically trigger an audit, major or minor...
What issues can lead to tax controversies, audits?
Tax season is typically not one that individuals look forward to. Though possibly receiving a refund can make having to go through the often tedious filing process worth it, it can still be a stressful time, especially if the IRS decides to conduct an audit. Tax...