January 4, 2026 | Tax Debt
If you have unpaid taxes or haven’t filed your returns, the IRS will start sending you notices asking you to get back into compliance. If you don’t resolve your issue after receiving notices, you may get CP504B. This is a notice for businesses, indicating that the IRS will levy assets if the amount owed isn’t paid immediately. Notice CP504B is serious and me... CONTINUE READING
November 28, 2025 | payroll tax
IRS Form 940 and 941 are essential employer tax documents with distinct purposes, filing schedules, and penalties for late filing or balances due. Employers must understand what each form does, when it is due, and how to avoid costly mistakes or penalties. What Is IRS Form 940? Form 940, officially known as the Employer's Annual Federal Unemployment (FUTA) Tax Return, reports federal unemployment taxes. The FUTA tax provides funds for paying u... CONTINUE READING
November 22, 2025 | Tax Debt Tax Liens
What Happens to Transferred Assets When You Owe Back Taxes? When someone owes back taxes to the IRS and tries to transfer assets, the consequences can be severe for both the person who owed the taxes (the transferor) and the person or entity who received the assets (the transferee). The IRS and other taxing authorities possess sweeping powers to trace, reclaim, and penalize improper asset transfers meant to sidestep tax debts. Explo... CONTINUE READING
November 22, 2025 | payroll tax Tax Penalties
What to Know About Late Payment Payroll Tax Penalties Paying payroll taxes is just part of running a business. But staying compliant is easier said than done. When you fall behind on payroll taxes, the IRS may charge steep penalties and start trying to collect what you owe. The agency takes these tax obligations very s... CONTINUE READING
November 22, 2025 | Tax Help Unfiled Tax returns
Should I Hire a Tax Professional for Unfiled Returns? Taxpayers frequently miss the deadline for filing their tax returns, with millions of returns going unfiled every year. Even though it’s common, you should still do everything you can to get your returns filed on time; otherwise, you’ll have to deal with IRS penalties and interest charges on the balance you owe. But getting caug... CONTINUE READING
November 22, 2025 | Sales Tax
What to Do When You Haven’t Been Paying NY Sales Tax Business owners have unique obligations when it comes to paying taxes. Unfortunately, these obligations can get complicated, especially when you have to understand both federal and state tax laws. Have you missed paying sales tax when you should have been? In New York, it’s importan... CONTINUE READING
November 22, 2025 | Tax Notices
Understanding NYS Tax Notices and How to Respond New York State (NYS) tax notices are official communications regarding your tax filings, payments, or other issues with the Department of Taxation and Finance. Understanding the different types of notices and response steps helps you avoid penalties and resolve issues efficiently. Common Types of NYS Tax Notices Assessment Notice: Sent when NYS determines you owe additional tax, of... CONTINUE READING
November 2, 2025 | Tax Liens
IRS Tax Lien Subordination: In-Depth Guide IRS Tax Lien Subordination is a strategic solution for taxpayers facing federal tax liens who need to pursue financial opportunities like refinancing, selling assets, or accessing home equity. While a tax lien signals that the IRS has a legal claim to your property due to unpaid taxes, subordination does not eliminate the lien but all... CONTINUE READING
October 10, 2025 | Tax Laws Tax Levy Tax Liens Tax Relief
What Is an Alter Ego Levy and How to Protect Your Assets? An alter ego levy is when the IRS seizes assets owned by your alter ego to cover your tax debt. If you've received notice of an alter ego lien or levy, you need to take action – this is not routine tax debt collection, and generally, the IRS only pursues this route when they believe you are hiding assets or they have the right to pierce the corporate veil due to co-mingling. ... CONTINUE READING
October 9, 2025 | Tax Debt
Can the IRS Take My Spouse’s Income for My Tax Debt? It depends – in some cases, the IRS can take your spouse's income for your tax debt, but they can't in other situations. Ultimately, it boils down to which type of return you filed, how much your spouse earns, and what you've done to resolve the debt. In all cases, it pays to be proactive. To get help protecting you and your spouse from your tax debt, contact us at Timothy S. Hart Law Firm today. What i... CONTINUE READING
New York sales tax audits are often triggered by specific patterns, such as reporting inconsistencies, industry risk factors, and ongoing compliance issues. If your sales tax filings raise questions at the New York Department of Taxation and Finance (DTF), they may review yo...
