You relocated from a high-tax jurisdiction and assumed the matter was resolved. A residency examination can reopen that determination years afterward. The outcome may alter your liability and which state ultimately collects it. What a failed residency audit means...
U.S. Tax Law Blog
Surprising consequences of tax debt
The Internal Revenue Service (IRS) does not mess around when it comes to taxes. In addition to audits and investigations, those who fail to settle their tax bills can find themselves facing surprising repercussions. Three examples include the loss of refunds, loss of...
Why repayment stress is rising for SBA borrowers
Monthly payments are coming due; interest rates are higher than they were a few years ago and many small business owners are discovering that “affordable” SBA financing can feel far less manageable in today’s environment. For a growing number of SBA borrowers,...
What is the role of AI in tax audits?
From family photos repurposed to reflect various occasions on social media to virtual assistants offering help whenever we call and make an appointment to see a doctor, artificial intelligence (AI) is taking the world by storm. Even the government is making use of...
What are the Four Types of Innocent Spouse Relief?
The IRS recognizes that holding innocent spouses responsible for their partner's tax misdeeds can be fundamentally unjust. Through a set of provisions collectively known as "Innocent Spouse Relief," you may be able to escape liability for tax debts you didn't create...
How to Handle IRS Tax Collection Issues: Liens, Levies, and Repayment Plans
Dealing with the IRS can be overwhelming—especially when they are making collection moves like placing liens or levying bank accounts. If you’re facing delinquent tax debt, know this: you do have options. What is an IRS Lien? An IRS lien is essentially the government...
IRS Audit Reconsideration Explained
What happens if the IRS audits you, makes adjustments, and you don’t agree with the results? Fortunately, there’s a process called audit reconsideration — your chance to correct errors or provide new evidence. At Goldburd McCone LLP, we regularly help clients pursue...
What Triggers an IRS Audit?
Few things strike fear in taxpayers like receiving an IRS audit notice. But while an audit can feel intimidating, understanding what triggers an IRS audit and how to respond effectively can put you back in control. At Goldburd McCone LLP, we defend individuals and...
Tax fraud revelation: Lessons from the Magician’s case
Rafael “the Magician” Alvarez recently pleaded guilty of tax fraud, demonstrating to observers how serious the case is. It sets a strong example for taxpayers who want to be diligent about their tax obligations. The evidence and penalties involved in Alvarez’s case...
Tips to help manage tax debt
The Internal Revenue Service (IRS) is notoriously aggressive when it comes to collecting on debt. They have many different legal tools they can use to help gather what is owed, from taking money right out of your paycheck to seizing your assets. Taxpayers who find...

