Call Now: 212-235-1817
Call Now: 212-235-1817
New York City, Long Island, New Jersey, Florida and California Tax Attorneys
Since 1983, our tax firm has skillfully represented individuals and corporations in New York City and Long Island, across the country and around the globe.
One of the goals of the Inflation Reduction Act is to set aside $79.6 billion for the Internal Revenue Service (IRS) to use over the next decade. The proposal sets aside the majority of these funds for enforcement efforts. But what should taxpayers know about this...
The Internal Revenue Service (IRS) is looking to increase its efficiency when it comes to tax audits. One way the agency is considering using to help achieve this goal is the use of machine learning. The agency has stated machine learning can help find patterns that...
The Internal Revenue Service (IRS) recently reported an increase in its backlog of unprocessed paper tax returns. The increase is significant, as the IRS was already behind. Now, instead of moving forward and catching up, the federal agency is behind by an additional...
The Treasure Inspector General for Tax Administration reports that the government has failed to collect over $37 billion in taxes from high-income non-filers. With numbers this high it is no surprise the Internal Revenue Service (IRS) is taking the issue seriously. In...
The pandemic came with a lot of negatives — but there were some positives, too. Families spent more time together and businesses ironed out their ability to function without needing all their workers in house. This led to increased flexibility and set the stage for a...
A recent study published by the Internal Revenue Service (IRS) found that taxpayers who make $420,000 or more fail to properly report up to 21% of every dollar of income on their tax returns. Some of this, the agency notes, is the result of an honest mistake but it...
A recent report warns businesses that states may be looking to bolster their coffers by demanding sales and use taxes from those who do business in the state. Business owners can find themselves facing a New York state tax bill even when they have no physical presence...
If you get notification of an audit, know that you are not alone. Recent numbers can provide some comfort. The Internal Revenue Service (IRS) conducted a reported 771,095 audits in 2019. Of these audits, the IRS deemed 13,946 as high wealth audits — defined as...
The Internal Revenue Service (IRS) expected taxpayers to file a Report of Foreign Bank and Financial Accounts (FBAR) by April 15, 2022. However, those who did not meet this deadline may have a get out of jail free card as the IRS provided an automatic extension to...
You take a deep breath and relax. You finally finished your small business’ tax returns. They are filed and you can move on — then boom. It hits you. You realize you made a mistake. You may have a moment of fear where all the possible outcomes of that mistake flash...