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When Should You Approach a NYS Tax Attorney?

May 25, 2021 | Tax Audits

When Should You Approach a NYS Tax Attorney? The Internal Revenue Service's, the New York State Tax Department and the NYC Department of Finance tax systems are very complicated and large, especially for those taxpayers who are filing their tax returns for the first time or who don't have enough knowledge, understanding, and experience in dealing with the IRS, NYS Tax Department or NYC Finance Department with tax matters when they have a tax problem. These are all very large organizati... CONTINUE READING

Things You Need to Know About FBAR Reporting

March 11, 2021 | FBAR

Things You Need to Know About FBAR Reporting FBAR stands for Foreign Bank Account Report or Report of Foreign Bank and Financial Accounts. As the name suggests, it refers to reporting certain foreign bank accounts to the Treasury Department of the United States of America.  In extended terms, under the Bank Secrecy Act, FBAR is the legal procedure that needs to be complied with by eve... CONTINUE READING

Be Prepared For Your Next Sales Tax Audit

January 9, 2021 | Tax Audits

It is certain, as an owner of a company or business, at some point of time you will be selected for a sales tax audit by the taxation department. You will get an official mail from the taxation department about your sales tax audit. You will get comprehensive details of your audit in the mail, and you will be obliged to follow all the instructions explained in the mail. Background Whether your business is a startup or has been around for years, you can be selected for... CONTINUE READING

Know Your Fundamental Rights As the IRS Tax Payers

November 21, 2020 | Tax Issues

Know Your Fundamental Rights As the IRS Taxpayers Obligations are obvious for the IRS taxpayers but at the same, every taxpayer has a set of fundamental rights they must be aware of. A very few taxpayers in the United States know all of their fundamental rights for dealing with tax returns and tax audits with the IRS. While th... CONTINUE READING

Find out If You Are at Higher Risk of IRS Tax Audit in the Upcoming Year?

October 11, 2020 | Tax Audits

Find out If You Are at Higher Risk of IRS Tax Audit in the Upcoming Year? The biggest fear in the mind of Americans is being audited by the Internal Revenue Services (IRS), but the chances of going through the IRS audit process are very less. Studies have shown that 95% of taxpayers in the United States believe that it is their civic responsibility to pay their taxes and 87% of them have mentioned that it is unacceptable on their part to cheat on thei... CONTINUE READING

All You Need to Know About Economic Impact Payment

August 14, 2020 | Tax Issues

All You Need to Know About Economic Impact Payment The ongoing outbreak of COVID 19 has badly affected each and every person all over the world. Despite the passing of dark days of five months, it has continued to do damages. As of now, the world has nothing to prevent and eliminate it. That means there is uncertainty about how long it will last. The individuals have been struggling for jobs, businesses and organizations are in a huge loss, and government bo... CONTINUE READING

The Effect of COVID 19 on IRS Tax-Related Operations

July 3, 2020 | Tax Issues

The Effect of COVID 19 on IRS Tax-Related Operations COVID 19 has badly affected the whole world. It posed the danger for both the health and economic factors of all countries. As of current status, the United States of America is the biggest victim of Coronavirus. This pandemic affected the daily legal operations of the United States. The Internal Revenue Service’s operations are also affected due to the threat of the spread of COVID 19. If you are a t... CONTINUE READING

The IRS OIC Program

December 26, 2019 | Tax Issues

The IRS OIC Program When you read advertisements, such as "Settle your Bank Taxes for pennies, Free Tax Evaluation Now!", you need to pause and consider whether the services will be helpful to you, or will they just cost you money with no relief to the bank taxes you owe. While it's true the IRS has a program that allows taxpayers to settle their tax debts for less than the to... CONTINUE READING

NY Tax lawyers- Here to help you!

February 16, 2019 | Tax Help

NY Tax lawyers- Here to help you! Tired of an IRS debt hanging over your head? Worried about the toll your past-due taxes are taking on you financially emotionally physically? You are not alone. There are thousands like you who anx... CONTINUE READING

From a NY Tax Lawyer- How not to spend your tax refund.

January 27, 2019 | Tax Laws

From a NY Tax Lawyer- How not to spend you tax refund   Today our NY Tax Lawyers want to share with you the 9 worst ways that you can spend your tax refund this year.  Here they are: Using the tax refund as a down payment on a new car.  While initially fun and exciting, upgrading your ride will increase your overall monthly expenses (insurance, car payments, maintenan... CONTINUE READING