From family photos repurposed to reflect various occasions on social media to virtual assistants offering help whenever we call and make an appointment to see a doctor, artificial intelligence (AI) is taking the world by storm. Even the government is making use of...
Tax Audits
IRS Audit Reconsideration Explained
What happens if the IRS audits you, makes adjustments, and you don’t agree with the results? Fortunately, there’s a process called audit reconsideration — your chance to correct errors or provide new evidence. At Goldburd McCone LLP, we regularly help clients pursue...
What Triggers an IRS Audit?
Few things strike fear in taxpayers like receiving an IRS audit notice. But while an audit can feel intimidating, understanding what triggers an IRS audit and how to respond effectively can put you back in control. At Goldburd McCone LLP, we defend individuals and...
How do I prepare for a residency audit?
Thinking of moving to a different state for tax purposes? You are not alone. New York’s soaring tax rates have led many to reconsider life in the Big Apple. Are the benefits worth the cost? More and more New Yorkers are deciding the answer is a resounding no....
Residency audits: What snowbirds need to know before heading south
Few places in the world offer the same opportunities that you can find in New York. From business ventures to a bustling social scene, the city that never sleeps is a dynamic place to call home. Although many enjoy all New York has to offer, it does have its...
How Aggressive Are NY Residency Audits?
Taxpayers continue to leave New York and claim residence in another state to lower their tax burden. Although a smart financial move, it is not an easy one. Aside from rebuilding a sense of home and starting over in a new state, those who make the move must do so...
I received notification of an IRS tax audit. How will this end?
Walking out to check our mailbox is not what it used to be. Back in the day, we might be excited to find a card from a loved one or a letter from a friend. Now, more often than not, our mailboxes are full of political mailings and bills. If we are very unlucky, we...
Three important lessons from recent EIDL fraud case
The COVID-19 pandemic was a difficult time for small business owners. In an effort to help entrepreneurs survive these economically difficult times, the government offered various financial incentives. Some were in the form of tax incentives, others loans. One example...
Changes are coming: 3 tax changes to watch for in 2024
Navigating tax law is a lot like trying to do a very difficult puzzle. Just when taxpayers think they have it figured out, lawmakers change the pieces, adding or adjusting the tax code in ways that can result in serious consequences for those who are not paying...
3 things to know about whistleblowers and tax audits
Businesses that face whistleblower claims can find themselves facing huge financial losses. These claims generally involve a former employee or contractor who discloses information that they believe the government could use to build a case against the business for a...

