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Tax liability is a serious concern for individuals and businesses. It is even more so when dealing with complex tax issues. Understanding how long you may be liable for taxes is crucial for managing your financial obligations and avoiding potential legal trouble. The...
Disputing IRS penalties for underpayment or late payment of taxes in New York requires understanding the process and following specific steps. Taxpayers can take proactive measures to resolve these issues and minimize financial impact. Review penalty notice Carefully...
Tax fraud is a big deal and can get you in big trouble with the law. In the state of New York, understanding the distinction between civil and criminal tax fraud may help you personally to ensure you are in compliance with the law. Civil tax fraud The police may...
In civil tax litigation, expert witnesses play an important role in presenting evidence and providing opinions on complex tax matters. These individuals are professionals with specialized knowledge and experience in accounting, finance or tax law. The importance of...
Receiving an IRS tax collection notice can feel alarming, but the solution may be less stressful than you may think. You should understand the steps you can take to address the situation and resolve any issues. Review the notice carefully First, carefully read the...
When people face tax disputes, they often find themselves involved in tax litigation. This process includes presenting evidence and arguments to support one's case regarding tax liabilities or disputes. A significant concept in these proceedings is the "burden of...
Taxation is an integral part of every working society, providing money for government programs and services. However, when tax-related issues arise, individuals or businesses may find themselves involved in legal proceedings. Criminal and civil tax litigation provide...
Running a small business comes with many challenges, including navigating complex tax laws and avoiding litigation. Unfortunately, small business owners often find themselves facing tax disputes and audits. There are a few common tax litigation issues small businesses...
Receiving a notification of an IRS audit can be a nerve-wracking experience for anyone. However, it is important to keep a cool head and approach the situation with a clear strategy, avoiding certain pitfalls that could lead to extra hassle. 1. Ignoring the...
Tax season can be a stressful time for many individuals and businesses, especially with the looming possibility of an audit by the Internal Revenue Service. Audits, although intimidating, serve an important purpose in maintaining the integrity of the tax system. In...