Like other states, New York imposes a tax on the sale of certain retail goods and services. Also like other states, the law allows cities and other local governments within New York to impose their own additional sales taxes.
Our law office has previously discussed how New Yorkers who wind up owing the IRS back tax payments can work with the IRS in order to repay those taxes without being reduced to poverty. t is important, however, that taxpayers in and around White Plains not lose sight of the fact that state and local authorities also impose taxes on citizens. As with the federal government, the State of New York has a Department dedicated to collecting tax revenue that goes unpaid for whatever reason.
Many New Yorkers may wonder what good it would do to work out payment arrangements directly with the IRS and other taxing authorities if they are able just to file for bankruptcy protection.
Previous posts on this blog have described the broad powers the IRS has to pursue a person's wages and property in order to collect a delinquent tax debt. For instance, the IRS has the power to use wage levies, which work a lot like garnishments. Unlike traditional garnishments, though, the IRS does not have to go to court before issuing a wage levy.
Like other debt collectors, the Internal Revenue Service has a process by which it can garnish an Illinois taxpayer's wages and divert those wages to offset delinquent taxes. Unless the taxpayer makes other arrangements, the wage levy will continue until the taxes get paid.
A bagel shop in Brooklyn that garnered widespread fame for its multicolored bagels has been forced to close after New York's taxing authorities seized the property.
Residents of White Plains probably do not have to be told that the State of New York uses multiple different types of taxes in order to generate revenue for different government programs.
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 with the law and are fair to the taxpayer.
Tax law can be complicated. This is often why individuals in New York and elsewhere rely on the assistance of tax professionals or tax programs to file their taxes. While individuals and businesses have a set duration to file taxes each year, the IRS is bound by different requirements. This means that they have much more time to assess a filing and determine whether or not errors were made. And if it is determined that there is a past due balance, the IRS is bound by a set of rules.
For some individuals in New York and elsewhere, tax time is just another day. For others, it is a dreaded times, as they are finding it difficult to pay the taxes they owe. When it becomes problematic and taxes are not paid, an individual could face penalties. Additionally, the collection process could initiate.