Those who prepare tax returns on the behalf of others need to know a lot about the law. They need to stay current on changes at the federal, state, and local levels and make sure the filings are in line with the government’s expectations. A failure to do so can result...
Serving Individual And Corporate Tax Clients Nationwide From Our New York, New Jersey, Florida And California Offices
Steven Goldburd and Benjamin A 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.
Criminal Tax Issues
Business owner gets year in prison for failure to withhold payroll taxes
Small business owners need to come up with a business plan, stay up to date on the workings of competitors, make sure their employees meet expectations, and make sure the business turns a profit. As if this was not enough, they also need to navigate various state and...
IRS and New York officials work together to ramp up crypto tax collection efforts
The Internal Revenue Service (IRS) recently announced that it received court approval to gather US taxpayer records from M.Y. Safra Bank. M.Y. Safra is headquartered in New York and focuses on provision of private banking services. The court order focuses on gathering...
New York authorities shut down tax return business
The Internal Revenue Service (IRS) continues to crack down on return preparer fraud. It has listed this tax crime as one of its Dirty Dozen tax schemes — meaning it will focus resources towards investigating allegations of this crime. What is tax return preparer...
Feds send tax professionals to prison for EIDL program fraud
The federal government has come down hard on tax preparation professionals who allegedly misused the Economic Injury Disaster Loan (EIDL) program. In its most recent example, the government was able to build a strong case against four professionals — resulting in an...
IRS continues crackdown on tax preparer fraud, uses NY business as an example
The Internal Revenue Service (IRS) is continuing its crackdown on tax return preparer fraud. The IRS has had this crime on their list of the dirty dozen for years, representing it as one of the worst tax crimes in our country. Their efforts have proven successful. In...
What happens when the IRS accuses a business owner of tax fraud?
The Internal Revenue Service (IRS) has a reputation for aggressive pursuit of those it believes commit tax fraud — but what does this mean? In a recent example, the feds came after a New York family who owned a coffee and donut business. They claim the family worked...
IRS goes after small business for payroll taxes: 3 lessons
The Department of Justice (DOJ) recently announced the acceptance of a plea deal with a small business owner from New York. The DOJ states the entrepreneur, who owned and served as the Chief Executive Officer (CEO) of two spas and related businesses failed to properly...
Feds continue aggressive prosecution for COVID related fraud
The federal government has taken an aggressive approach against those it believes abuse pandemic related relief programs. To extend the federal government’s reach when it comes to enforcing these measures, President Joseph Biden recently agreed to two recent changes....
Will the IRS get billions to increase enforcement efforts? 3 things to know.
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...