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 | Jul 18, 2019 | Tax Collection
On behalf of Goldburd McCone LLP posted in Tax Collection on Thursday, July 18, 2019. The United States government takes tax evasion very seriously. Two separate agencies, the Internal Revenue Service (IRS) and the Department of Justice’s (DOJ) Tax Division work to...
On behalf of Goldburd McCone LLP | Jun 24, 2019 | Firm News, Tax Collection
Filing taxes for the 2018 tax year was a bit more difficult than previous years. The main reason: this year was the first year the Tax Cuts and Jobs Act (TCJA) was essentially in full effect. This year, taxpayers had to navigate the new tax law and many found...
On behalf of Goldburd McCone LLP | Apr 18, 2019 | Tax Collection
New York state legislature just agreed to increase the tax bill for high value properties in the state. The law, known as the “progressive mansion tax,” requires property owners that purchase a property with a value at or above $1 million to pay a larger tax bill. How...
On behalf of Goldburd McCone LLP | Apr 11, 2019 | Tax Collection
Sweeping tax reform can be a good thing — or not. Many Americans throughout the country have found themselves facing a surprising and even unmanageable tax bill. What to do? In most cases, you should still file your tax returns. A failure to file can result in...
On behalf of Goldburd McCone LLP | Mar 5, 2019 | Tax Collection
The Internal Revenue Service (IRS) can impose harsh penalties for those who fail to pay their tax obligations. Stories of the government agency sending people to jail and taking away property abound. But when can the government use these extreme measures and are these...
On behalf of Goldburd McCone LLP | Jan 23, 2019 | Tax Collection
Not everyone can pay their tax bill. These situations can impact anyone, including some of the Hollywood elite. Famous actor Wesley Snipes provides an example. The actor attempted to make a deal with the Internal Revenue Service (IRS) after getting a $23.5 million tax...
On behalf of Goldburd McCone LLP | Dec 27, 2018 | Tax Collection
The Tax Cuts and Jobs Act (TCJA) includes a provision that allows qualifying business owners to take an income deduction (QBID). The vague language and complexity of the 20 percent pass-through deduction continues to cause frustration for business owners. Which...
On behalf of Goldburd McCone LLP | Dec 7, 2018 | Tax Collection
The Tax Cuts and Jobs Act resulted in major tax reform. Savvy tax planners can make the most of these changes and take steps to reduce their tax obligations. Three specific examples include adjusting how you donate to charitable donations, making sure you can get...
On behalf of Goldburd McCone LLP | Dec 3, 2018 | Tax Collection
On behalf of Goldburd McCone LLP posted in Tax Collection on Monday, December 3, 2018. Finding the right business headquarters is an important choice. The right location can help set the company’s image and impact the type of workers that are interested in...
