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What If Your Business Gets Padlocked for Tax Debt?

August 17, 2025 | Tax Levy

What to Do If Your Business Is Padlocked for Unpaid Taxes If your business has fallen behind on taxes in New York, you could face more than just collection letters. The New York State Department of Taxation and Finance (DTF) and, in some cases, the IRS, have the authority to physically shut down a business that fails to resolve its tax debts. This is called a padlock action, and it means agents can show up without wa... CONTINUE READING

FBAR Penalties: Can They Be Half Your Account Balance?

August 17, 2025 | FBAR Tax Penalties

Can the IRS Really Take Half the Money in My Foreign Bank Accounts? If you have money tucked away in a foreign bank account, you’ve probably heard the scary stories: the IRS can swoop in and take half of your balance if you haven’t filed the proper paperwork. It sounds extreme, but there’s some truth to it. U.S. taxpayers with foreign accounts are required to file an annual FBAR (Report of Foreign Bank and Financial Accounts), and the penalties for missing one can be steep.... CONTINUE READING

What Is IRS Notice LT36? Guide for Federal Employees

August 17, 2025 | Late Filed Returns Tax Debt

What Is IRS Notice LT36? Sent to Federal Employees and Retirees Since 2013, the number of federal employees with tax debt has risen to about 6% (5% or more of congressional employees and about 4% of White House staff). In the spring of 2025, the IRS sent letters to 525,000 federal employees and retirees with a dire implication: If you don’t reconcile... CONTINUE READING

NYS Payroll Tax: Rules, Deadlines, & Tips for Employers

July 23, 2025 | payroll tax Uncategorized

Behind on Payroll Taxes in New York? What You Need to Know Employees in New York must deal with federal, state, and sometimes, local payroll taxes. Failure to pay or file these taxes can lead to significant penalties and potentially put your business at risk. To get help now, contact us at the Law Offices of Timothy S. Hart today, or read on for more details. Key Takeaways: Employers in Ne... CONTINUE READING

Can You Be Personally Liable for Unpaid NY Business Tax?

July 23, 2025 | tax collections Tax Relief Uncategorized

Who Can Be Held Personally Liable for New York State Business Taxes? In New York, the Department of Taxation and Finance (DTF) has the right to hold individuals responsible for unpaid sales or withholding taxes. The state is willing to go after individuals who have the authority and responsibility to track, calculate, withhold, deposit, or otherwise remit the business's sales or payroll taxes to the NYS DTF. If you've ever worked for or owned a business that fai... CONTINUE READING

What Happens When You Close a Business with Tax Debt?

July 23, 2025 | payroll tax tax collections

Shutting Down a Business With Tax Debt What to Expect and What You Need to Do: Making the decision to shutter your company can be stressful, but it also means having to manage existing tax debt. It’s a misconception that closing your doors gets you off the hook. If you owe federal or New York State taxes, the business is financially responsible for paying them, and in some cases, you may be personally liable for unpaid... CONTINUE READING

What to Do When You Receive Certified Mail From the IRS

June 28, 2025 | Tax Debt Tax Help

Why Did I Get a Certified Letter from the IRS? Receiving a certified letter from the IRS may cause you to feel nervous. After all, most IRS notices don’t usually signal happy news. While the IRS may not be sending something with devastating news, their certified letter is something serious that requires your attention. Never ignore a certified letter from the IRS. These letters genera... CONTINUE READING

New York Tax Attorney for Business Tax Problems

June 28, 2025 | Payment Plans Tax Laws

Business Tax Attorney NY — Resolve Your Business Tax Problems If you have a business tax concern, we can help. At the Timothy S. Hart Law Group, we understand the complex range of problems and concerns faced by New York business owners. Whether you're just getting ready to launch or ready to shut down operations, we can help you. Business owners in this state have substantial tax responsibi... CONTINUE READING

Can Unpaid Payroll Taxes Lead to Jail Time?

June 28, 2025 | payroll tax

Can You Really Go to Jail for Unpaid Payroll Taxes? The bad news is, yes, you can go to jail for unpaid payroll taxes. The good news is, this is generally only a risk if you're willfully avoiding the IRS’s attempts to remedy the situation or you’re intentionally attempting to defraud the IRS or evade paying taxes. Not paying payroll taxes isn't necessarily a crime. But... CONTINUE READING

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What If Your Business Gets Padlocked for Tax Debt?

What to Do If Your Business Is Padlocked for Unpaid Taxes If your business has fallen behind on taxes in New York, you could face more than just collection letters. The New York State Department of Taxation and Finance (DTF) and,...