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According to the Statistic Brain Research Institute, 1.6 million people cheat on their tax returns every year, resulting in $270 billion in lost revenue to the Internal Revenue Service (IRS). While taxpayers are allowed to use lawful tax planning strategies to reduce...
Benjamin Goldburd Esq., a partner at Goldburd McCone LLP has been recognized as one of the Top 40 Under 40 Tax Lawyers in the State of New York by the American Society of Legal Advocates (ASLA). The society is an invitation-only, nationwide organization founded with...
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...
On behalf of Goldburd McCone LLP posted in Tax Audits on Wednesday, January 10, 2018. After a year-long battle in court, the Internal Revenue Service (IRS) has notched a victory over Coinbase, a leading cryptocurrency exchange headquartered in San Francisco. The Nov....
A famous New York rapper once said that he had “more money, more problems.” Is this notion actually true? When it comes to your tax returns as a high-income earner, it just might be. As the 2017 fiscal year came to a close, the IRS announced that it is changing the...
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...
According to the Tax Foundation, 1.2 million Americans had their taxes audited by the Internal Revenue Service in 2015. Predicting who will be audited and why is difficult because tax law changes every year. Additionally, the IRS could change their focus from one...
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...
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...
Yet another leak has caught the media’s attention. This one primarily focuses on clients of a firm that specialized in aiding the wealthy with asset management. The leak has earned the moniker “The Paradise Papers” due to its connection with offshore accounts in the...