New York City Tax Attorneys
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New York Tax Law Blog
Will Tax Courts offer extended deadlines?
Like many offices throughout the country, the Tax Court has closed its buildings. The move was the result of President Donald Trump’s emergency declaration due to the coronavirus pandemic. During this time, the Tax Court is holding standard mail sent to its offices....
Tips to avoid taxpayer identity theft
Taxpayer identity theft occurs when another fraudulently uses stolen personal information to get a taxpayer’s refund or stimulus check. This form of theft can be frustrating for many reasons, including the fact it can take weeks or even months to realize you are a...
When are taxes dischargeable in bankruptcy?
Can a Bankruptcy Court discharge unmanageable tax debt? The answer, like many things in the legal world, is maybe. The Bankruptcy Court will consider many things when determining whether or not to forgive tax debt. In a recent case, the court showed how the lifestyle...
New laws change rules about withdrawals from retirement accounts
There are various laws and regulations in place to help encourage taxpayers to save money towards retirement. These laws and regulations have specific rules about when the owner of a retirement account can begin taking withdrawals. A failure to abide by these rules...
Four examples of evidence used to build a tax evasion case
The Internal Revenue Service (IRS) generally looks for more than a failure to file tax returns when building a criminal tax evasion case. In most cases, these allegations require the prosecution establish intentional steps taken to avoid one’s tax obligations. Some...
How Do I Respond To An Audit?
It’s the “A word,” the term that strikes fear in the hearts of law-abiding taxpayers everywhere – and that word is audit. If you are being investigated or have been targeted for an audit of your tax return by the IRS, it is time to contact the experienced tax...
Will I Be Audited By The IRS?
The question on many taxpayers’ lips every year, “Will I be audited by the IRS?,” could just as easily translate to “How can I avoid or increase my chances of avoiding an IRS audit?” At in New York City, we are always eager to share facts...
Three triggers that increase the risk of a tax audit
When you look at the numbers, it appears your risk of getting a tax audit are relatively low. In fact, with the reported average rate of federal tax audits in 2019 being 0.45%, you may think your odds of avoiding scrutiny are pretty good. In many cases this is true,...
Earn over $100,000? The IRS is reviewing your returns.
The Internal Revenue Service (IRS) recently announced it will take a closer look at tax returns for those who earn over $100,000. The agency’s efforts will focus on those who the agency believes has wrongly failed to file a tax return. The agency stated those in this...
IRS shows no mercy, sends young father to prison for 34 months
A young man made a bad choice. He admitted his error, requested leniency and worked to show he had learned from his mistake. When the man presented the court with evidence of his changed ways, the prosecution argued it was not enough. The prosecution continued to...
