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...
Serving Individual And Corporate Tax Clients Nationwide From Our New York, New Jersey, Florida And California Offices
Steven Goldburd and Benjamin Goldburd
Since 1983, our tax firm has skillfully represented individuals and corporations across the United States and around the globe from our offices in New York, New Jersey, California and Florida.
Month: May 2022
Was I supposed to file an FBAR?
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...
I made a mistake on my small business’ tax returns. What now?
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...