Long stereotyped as the generation too coddled to leave home, Millennials are finally growing up as they as they gain employment, pay rent, buy homes, get married and have kids. That is to say: they're making adult decisions and contributing to the economy in new ways...
Tax Collection
New York state income taxes could change too
The Tax Cuts and Jobs Act of 2017 is set to bring on many changes. Not only will the taxes you pay to the federal government change, but your state taxes could change too as the gears of federalism shift in response. What changes are in store for New York? According...
Three ways the tax law impacts pass-through entities
There’s no question that the Tax Cuts and Jobs Act of 2017 will have a wide-reaching impact on businesses and families of every type. You might understand a few aspects of the new law, but determining exactly what is in the law and how it will impact your bottom line...
Your passport can be revoked for unpaid taxes
Everyone knows that the logistics of international travel are complicated. From packing enough for your time away, to a long flight overseas, to the customs process and your passport - everything has to work in sync for your trip to be a success. However, if you have...
Large holiday gifts can be subject to taxation
The holidays are a time of goodwill and generosity in gift giving for many families. This year could be a time in which you're ready to surprise a loved one with that big, memorable gift they have always wanted. Maybe you're a grandparent who wants to pay off your...
Are my workers employees or contractors?
As a business owner, making hiring decisions is one of the most important duties of your job. Talented employees contribute to the success of your business in immeasurable ways, but you know that you don’t always have to rely on employees to get the job done. Labor...
Changes coming to online sales tax for merchants
The number of people shopping online is growing daily. According to U.S. News, half of all Americans do regular shopping online, with nearly 20 percent of holiday gifts coming from online retailers in 2016. As a business owner, you know that accounting for sales tax...
De Blasio Seeks Tax on High Earners to Fix NYC Subways
As every New Yorker knows, the conditions of New York’s subway system have become progressively worse in recent years. Delays, subway car breakdowns, and even derailments have become all too familiar. Fixes to the system have been the focus of state and local...
How Does the IRS Appeals Process Work?
Yes, even the IRS knows that they do not and cannot get everything right. The IRS can make mistakes during audits, collection actions and in other areas. Thankfully, individual and business taxpayers have the right to appeal an IRS decision. In fact, according to the...
What Is Innocent Spouse Relief And When Will the IRS Grant It?
When spouses file joint returns, each spouse is jointly and severally liable for all past due taxes. If the IRS believes that there is a tax deficiency on a jointly-filed return, it can undertake collection efforts against either or both spouses. Even if spouses...