On behalf of Goldburd McCone LLP | Sep 30, 2019 | Tax Collection
When it comes to tax obligations, there is a difference between independent contractors and employees. The Internal Revenue Service (IRS) explains that, in general, a worker is an independent contractor when they have independence over their work. When the payer can...
On behalf of Goldburd McCone LLP | Sep 26, 2019 | Tax Audits, Tax Collection
New Yorkers have voiced concern the new tax law would have a negative effect on real estate transactions within the state. More specifically, a provision within the Tax Cuts and Jobs Act (TCJA) capped the amount of state and local taxes taxpayers could deduct on their...
On behalf of Goldburd McCone LLP | Sep 12, 2019 | Tax Audits
New York state tax auditors are coming down hard on those who may owe state taxes, even if they reside in another state. Why? In part, because changes to federal tax law have tempted NY residents to leave the state, at least for tax purposes. The Tax Cuts and Jobs Act...
On behalf of Goldburd McCone LLP | Sep 10, 2019 | Tax Audits
The Internal Revenue Service (IRS) will have to change the notification process used to inform taxpayers that it intends to reach out to a third-party. The contact may be used to ask questions to help the IRS determine the taxpayer’s tax obligations. Tax law generally...
On behalf of Goldburd McCone LLP | Sep 5, 2019 | Firm News
The Internal Revenue Service (IRS) recently warned taxpayers they might receive a letter in their mailbox that looks like an official document from the federal agency. The correspondence is the latest work of scam artists trying to steal your money. The group behind...
