Small businesses form the backbone of the American economy, providing jobs, services, and innovation. Business owners must balance the perks that come with owning a small business with the downsides. One example: complex tax regulations. When businesses fall behind on...
Serving Individual And Corporate Tax Clients Nationwide From Our New York, New Jersey, Florida And California Offices
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.
U.S. Tax Law Blog
The emotional impact of IRS audits: Coping with financial scrutiny
The envelope bearing the IRS logo arrives unannounced, bringing with it a wave of apprehension: you are the subject of an official tax audit. Such news can send a chill down the spine of even the most diligent taxpayer. An Internal Revenue Service (IRS) audit is not...
The audit lottery: Do small businesses really draw the short straw?
Small businesses are often the lifeblood of the economy, yet they face unique challenges when it comes to taxes. The complexity of tax law, combined with the diverse nature of small business operations, can lead to errors or omissions that attract the attention of the...
Tax collection in the Big Apple: How New York’s aggressive strategies affect taxpayers
Culture, diversity, and a great transportation system lure many to call New York home. But what happens when the Big Apple no longer feels like home? Those who decide to move and make another state home may face more than the steep bill from a moving company after...
Too good to be true? Three ways to tell the difference between tax savings and tax crime.
It is not uncommon for the allure of aggressive tax strategies to lead well-intentioned taxpayers astray. For high net-worth individuals and small business owners, the line between legitimate tax savings and illicit tax evasion can sometimes seem blurred. Here are...
The ripple effect of FBAR violations on the financial future of taxpayers
Foreign Bank and Financial Accounts (FBAR) violations can carry immediate financial consequences and cast a long shadow over one's financial future. It is important that those who are facing such accusations get a basic idea of what they are facing. The basics of the...
Steering clear of tax trouble: Lessons from New York tax law crackdowns
New York officials continue to crackdown on allegations of tax fraud. In one recent example, New York authorities sentenced a local restaurateur to two years imprisonment for tax evasion. The authorities claim that the businessman diverted profits for personal use and...
A cautionary tale for small business owners: The high stakes of tax compliance in New York
Imagine pouring your heart and soul into building a small business from the ground up. You're clocking in long hours, juggling the challenges of managing a dedicated team, and constantly striving to satisfy your customers. Amidst this whirlwind of activity, there is...
What should remote workers know about their tax obligations?
The pandemic shifted how we do work. It forced us to transition to a work from home or remote status. For some, the shift was painful, and we returned to the office as soon as we were able. For others, the new setup had benefits. We found we enjoyed the ability to...
Is Uncle Sam investigating anyone that made money off Eras Tour?
The lights dim, and you can feel the excitement in the air like an electric charge, rippling through the crowd as anticipation grows. Nothing can quite match the surge of emotions when the show starts - especially in the crowd gathered to hear one of our generation's...