What Triggers a NY Sales Tax Audit? Key Risk Factors
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...
View ArticleIRS Tax Help: What to Do When You Have a Tax Problem
For many people, tax season is stressful even when everything is going smoothly. Gathering records, understanding tax forms, checking deductions, and signing a return can feel overwhelming. But...
View ArticleReasonable Compensation in an S Corporation: IRS Audit Risks and Tax Court...
S corporations are often promoted as a smart way for business owners to reduce self-employment tax, but that tax benefit has an important limit. If a shareholder works in the business, the IRS...
View ArticleHome Office Deduction for Tax Purposes: Rules, Limits, and Common Mistakes
The home office deduction has been a source of confusion for years. Many taxpayers have heard that working from home automatically creates a deduction, while others assume the deduction is too risky to...
View ArticleIRS & NYS Tax Collections: Differences & What to Expect
IRS vs New York Tax Collections: What’s Different and Why It MattersIf you owe taxes to both the IRS and New York State, you need to make payment arrangements separately with these agencies. You also...
View ArticleDo Tax Attorneys Really Help? How to Solve Tax Problems.
Do Tax Attorneys Really Help? How They Resolve IRS and State Tax ProblemsHiring an attorney might sound intimidating, expensive, or confusing. But if you’re facing a tax problem, a tax attorney is the...
View ArticleWhat to Do When You Receive Certified Mail From the IRS
Why Did I Get a Certified Letter from the IRS?The IRS sends its most serious notices through certified mail, and ignoring these letters will not protect you. Certified mail from the IRS typically...
View ArticleWhat is the IRS Fresh Start Program- Detailed Review?
Is the IRS Fresh Start Program Legitimate? What to Look Out ForYou may have heard that the Fresh Start Program is a way to pay less than what you owe on your taxes, spread payments out over time, or...
View ArticleHow Far Back Can the IRS Go for Unfiled Taxes?
How Far Back Can the IRS Go for Unfiled Taxes? There is no limit to how far the IRS can go back for unfiled taxes. A lot of people think the IRS can only go back 10 years, but that applies to...
View ArticleWhat Happens If You Owe the IRS More Than $10,000?
What Happens If You Owe the IRS More Than $10,000? If you’re wondering, “I owe $10k in taxes, what should I do?” you’re definitely not alone — and more importantly, there’s a way out. While the IRS...
View ArticleNY State Tax Warrant: What to Expect and How to Resolve
NY State Tax Warrant: What to Expect and How to Resolve What Is a Tax Warrant in NY? How to Resolve New York Tax Liens The New York Department of Taxation and Finance (NYS DTF) can file a tax warrant...
View ArticleIRS Form 15103: Why and How to Complete It
IRS Form 15103: Why You Received It and How to Complete It Tax Relief | Unfiled Tax Returns If you’ve received Form 15103, it’s because the IRS believes you have not filed your tax returns. In most...
View ArticleDifferences Between IRS Levies and NY State Levies
IRS Levies vs. New York State Levies: Key Differences Getting behind on your taxes could result in serious repercussions, such as tax liens and levies. A tax levy is when a tax agency seizes your...
View ArticleIRS Revenue Officer Enforcement Against Businesses
What to Do If the IRS Assigns a Revenue Officer to Your Business A Revenue Officer assignment means the IRS has escalated your case and placed it in the hands of a field agent whose job is to secure...
View ArticleAlter Ego Liens and Levies: How to Protect Your Assets
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...
View ArticleCan the IRS Take My Spouse’s Assets for My 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...
View ArticleCan I Sell My House With an IRS Tax Lien?
Can You Sell a House With a Tax Lien on It? Yes, you can sell a home even if it has an IRS tax lien against it. However, there will be extra paperwork involved, and the IRS will have a right to the...
View ArticleWhat Are IRS Jeopardy Assessments—and Are You at Risk?
IRS Jeopardy Assessments — When the IRS Acts Without Warning IRS tax assessment and enforcement actions typically follow strict protocols and procedures. The agency sends letters, gives taxpayers time...
View ArticleWill the IRS Revoke My Passport for Not Paying Taxes?
Can the IRS Revoke My Passport Over Back Taxes? You could lose your passport over unpaid taxes. Unpaid federal tax debt can lead to restrictions and revocation of your passport, making it impossible...
View ArticleNew York Tax Asset Seizure: The Assets You Could Lose
What Assets Can New York State Legally Seize for Back Taxes? If you owe taxes to the New York Department of Taxation and Finance, they may seize your assets. The DTF’s asset seizure process is...
View Article
