Call Us Today
There is a common belief that if we spend more than half of the year in one state, we can claim that state as our residence for state tax purposes. Unfortunately, tax residence in the eyes of state taxing authorities is not nearly as simple. Some states are worse than...
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...
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....
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...
The Internal Revenue Service (IRS) is looking to increase its efficiency when it comes to tax audits. One way the agency is considering using to help achieve this goal is the use of machine learning. The agency has stated machine learning can help find patterns that...
The Internal Revenue Service (IRS) recently reported an increase in its backlog of unprocessed paper tax returns. The increase is significant, as the IRS was already behind. Now, instead of moving forward and catching up, the federal agency is behind by an additional...
The Treasure Inspector General for Tax Administration reports that the government has failed to collect over $37 billion in taxes from high-income non-filers. With numbers this high it is no surprise the Internal Revenue Service (IRS) is taking the issue seriously. In...
The pandemic came with a lot of negatives — but there were some positives, too. Families spent more time together and businesses ironed out their ability to function without needing all their workers in house. This led to increased flexibility and set the stage for a...
A recent study published by the Internal Revenue Service (IRS) found that taxpayers who make $420,000 or more fail to properly report up to 21% of every dollar of income on their tax returns. Some of this, the agency notes, is the result of an honest mistake but it...
A recent report warns businesses that states may be looking to bolster their coffers by demanding sales and use taxes from those who do business in the state. Business owners can find themselves facing a New York state tax bill even when they have no physical presence...