Filing taxes may seem like simply filling in certain information on the correct forms, but the chance exists for numerous issues to arise during filing. In some cases, a New York resident could face an audit if the IRS believes that something in that individual's...
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Month: April 2020
3 practical tips for your IRS audit
It's the notice no one wants to receive; a brown envelope marked "Official Government Business." In some cases, it may be the first indicator you're getting audited. However, you shouldn't panic immediately.Often, the IRS sends these notices because of a simple math...
Taxpayers shouldn’t go it alone in court
If you're facing conflict with the IRS, you want someone good with numbers. Accountants indeed understand taxes better than most people. However, they don't always have the experience or skills to defend you against this Goliath.The IRS has unwavering power and if...
New IRS initiative could provide tax relief for those struggling
Many New Yorkers are in a tough spot right now. As the recent pandemic has shut down businesses across the state, people and businesses are facing an economic downturn they didn't expect. And for those dealing with tax issues, this time can be especially stressful....
Did tax avoidance actions lead to tax evasion accusations?
Taxes are complicated to address. Of course, most New York residents and those across the country want to do what they can to minimize the amount of taxes they owe. However, it is important to remember that certain measures to reduce taxes, like tax avoidance, are...
Tax collections could stem from filing mistakes
Mistakes on tax forms are not necessarily uncommon. It can be complicated to file taxes correctly, even with the help of software or professionals. Of course, while some mistakes may have little consequence, others could lead the IRS to believe that a person owes more...