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Whistleblowers play an important role in civil tax litigation, especially in cases involving major tax fraud. These people provide key information about tax misconduct that authorities might not have found otherwise. Understanding how whistleblowers affect civil tax...
Self-employed professionals face unique tax challenges that can easily lead to disputes. By understanding common tax controversies, individuals can avoid pitfalls and reduce the likelihood of an audit or other issues. Deducting business expenses One common issue for...
Filing taxes late is common, and many wonder how far back they can go to submit past returns. While federal guidelines offer some clarity, New York State has its own rules. It is important to understand the laws surrounding the time limits for filing past tax returns....
An Offer in Compromise (OIC) presents a viable option for qualifying taxpayers who face significant debt, allowing them to negotiate a settlement of their tax liabilities for less than the full amount owed. The purpose of the OIC is for the taxpayer and Internal...
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...
You might be missing out on tax deductions that could save you money. Taking advantage of often-overlooked deductions can lower your taxable income. It's important to understand which deductions you qualify for and how to claim them. Vehicle sales tax Did you know you...
Receiving a tax audit notice from the New York State Department of Taxation and Finance can be unsettling. However, it is crucial to understand that an audit doesn't always imply wrongdoing. Often, it means the department needs more information to verify your tax...
Failing to pay your New York state taxes for multiple years can lead to severe consequences. Understanding these repercussions and paying your taxes can help you avoid financial and legal troubles. Accumulation of penalties and interest One of the immediate...
Tax evasion involves illegally avoiding paying taxes, which can lead to severe consequences. Individuals in New York with complex tax situations should be aware of actions that constitute tax evasion to avoid potential legal issues. Underreporting income...
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...