The New York State Department of Taxation and Finance is aggressive when it reviews filings for a taxpayer that claims to no longer live in the state for tax purposes. The agency will use skilled income tax auditors to meticulously review filings and the movements of...
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.
Tax Strategies
Do I need to pay taxes for my nanny?
Hiring a nanny to care for your children is a significant decision that not only affects your family dynamics but also your tax responsibilities. The key as to how this impacts your tax responsibilities is often whether the nanny is a household employee or not. What...
Two thoughts before giving up U.S. citizenship to save on taxes
Tax obligations in the United States are going through constant change. Just last year the Tax Cuts and Jobs Act (TCJA) led to major tax reform that impacted citizens throughout the country. States are looking to make changes to help navigate these new laws and some...
IRS defeats NY’s attempt to work around SALT cap
The United States government hit New Yorkers and other residents of high tax states hard with the new tax law. The Tax Cuts and Jobs Act (TCJA) included a provision that put a limit on the state and local tax deduction. This limit meant residents of high tax states...
Does the IRS’s use of PDCs leave taxpayers susceptible to scams?
In 2015 Congress passed a law that required the Internal Revenue Service (IRS) to use private collection agencies (PDCs) to collect outstanding tax bills. The Government Accountability Office (GAO) conducted a review of the IRS’ PDC program and has found some...
New Yorkers question property assessment after tax changes
The Tax Cuts and Jobs Act (TCJA) limited the SALT deduction to $10,000. This change limited taxpayers in the amount of taxes they could deduct for payments to cover property, income and sales tax obligations at the state level. The Treasury Inspector General for Tax...
Is that charity organization really tax exempt?
The holidays are a time in which you might feel the need to give to those who are less fortunate. As the season of good tidings approaches, you realize that you’ve had a blessed year for your family and business, and now you want to contribute money, food or toys to a...
American Citizens with Foreign Accounts Must Comply with FATCA
The federal government devotes extensive time and resources to ensure that American taxpayers with foreign holdings pay appropriate taxes on these accounts. The Foreign Account Tax Compliance Act (FATCA) is one of the primary laws in this field. FATCA imposes many...
The IRS is Getting Tougher (But Also Nicer!) in 2017
The IRS is constantly updating and refining its tax collection processes. In recent months, the IRS has formally announced many changes to its tax collection procedures. For taxpayers with delinquent taxes, some of these changes may create additional challenges. Some...
The Alternative Minimum Tax: Its Purpose and Potential Drawbacks
With the recent release of President Trump's 2005 tax return, many millions of Americans were introduced to the Alternative Minimum Tax (AMT). In fact, of the $38.4 million Trump paid in taxes in 2005, $31 million came from the AMT. With the AMT in the news, this is a...