New York City Tax Attorneys
Since 1983, our tax firm has skillfully represented individuals and corporations in New York City, across the country and throughout the world.
New York Tax Law Blog
IRS targets tax return preparers in 2020
Tax return preparers are now at an increased risk of getting a federal tax audit. The Internal Revenue Service (IRS) recently announced it will focus on this group of taxpayers during the current fiscal year. Why the focus on tax return preparers? The announcement...
Outline of a tax evasion case: Construction VP provides an example
There are many situations that can result in allegations of tax evasion. In a recent example, the government accused a vice president of a construction company of evading tax obligations on funds received at work. The case began when the New York State Police and...
IRS takes another step to address taxpayers with offshore accounts
United States taxpayers are allowed to have accounts overseas. Offshore accounts are not illegal. What is illegal — failing to report these assets. The Internal Revenue Service (IRS) frowns upon attempts to keep these assets hidden. The failure to properly report...
IRS, tax enforcement and the numbers: Is there a new trend?
According to recent data, the Internal Revenue Service (IRS) investigated 3,395 cases for tax crimes in 2016, 2,019 in 2017 and 2,886 in 2018. Based on these numbers, it may appear that the agency is moving away from criminal tax enforcement. To believe this is a new...
Will coronavirus complicate NY versus Florida residency fight?
It all started with the Tax Cuts and Jobs Act (TCJA). This monumental piece of tax reform led to changes that impacted every taxpayer in the country in some way. One of the biggest hits for high tax states with the limitation on the State and Local Tax (SALT)...
Correspondence audit: Flawed system may put taxpayers’ rights at risk
The Internal Revenue Service (IRS) is attempting to increase efficiency. It is using various types of software to help determine which tax filings warrant additional scrutiny and to help let the agency know when to conduct audits. Although this may sound like a great...
Watch out for IRS mailings with defunct deadlines
The Internal Revenue Service (IRS), like many offices throughout the world, cut back on operations as a result of the current coronavirus pandemic. This reduction in in-house workforce had a direct impact on taxes. Some beneficial, like the extended July 15 tax...
Coronavirus laws trigger need to review tax returns: Part 4
Lawmakers recently passed tax laws to address the economic impact of the current coronavirus pandemic. Previous posts in this series discussed the impact of these laws on net operating losses (NOL), real estate qualified improvement property (QIP) and excess business...
Coronavirus laws trigger need to review taxes: Part 3
This is the third part in our series delving into how laws passed in response to the coronavirus pandemic have impacted tax obligations. The first addressed net operating losses (NOL) and the second discussed real estate qualified improvement property (QIP). This post...
Coronavirus laws trigger need to review tax returns: Part 2
As noted in Part 1, the Coronavirus Aid, Relief, and Economic Security (CARES) Act resulted in changes that impact past tax filings. The previous post delved into the impact of these changes on net operating losses (NOLs). This post will discuss how the law impacts...
