February 2022 Newsletter – Tenenbaum Law, P.C.
Upcoming Webinars
Network for Allied Professionals: Karen Tenenbaum, Marisa Friedrich, and Moshe Zupnick will be discussing “Hot Tax Topics in a Post-Covid World: Personal Liability for Business Taxes & NYS Residency.” They will be presenting on March 3, 2022 at the Seasons 52 in Garden City. Thank you Harlan Khan for the invitation to present!
Suffolk County Bar Association Tax Law Committee: Jackie Harounian will be presenting on March 10th, 2022 at 5 pm on Legal, Financial, and Tax Considerations in Divorce Matters. Karen Tenenbaum will be moderating.
Suffolk County Bar Association Academy of Law: Karen Tenenbaum will be moderating for an exciting panel speaking on Cryptocurrency. You can see to Matthew Rappaport, Moish Peltz, and Stephen Mankowski on March 10, 2022 at 11:30am. Scroll down to follow our social media for registration updates!
Highlights
Karen Tenenbaum was February’s Special Section Editor for The Suffolk Lawyer from the Suffolk County Bar Association. You can find an assortment of articles in the Taxation Law Section by Karen Tenenbaum, Christine Malafi, Esq., Daniel Rosen, Esq., Matthew E. Rappaport, Esq., LL.M., and Louis Kesselbrenner, Esq., and Aaron Futterman, CPA, Esq. You can also read about the Tax Law Committee monthly panels of distinguished speakers held by Chair, Karen Tenenbaum in 2021 here.
Matthew Taus, CPA/PFS, CFP and William Ludewig, CPA gave an engaging presentation on Choice of Entity. Chair of the Tax Law Committee, Karen Tenenbaum moderated for this webinar hosted by Suffolk County Bar Association.
Craig Goldenfarb shared his “Secrets to Building a 7 Figure Law Firm” for the Suffolk Academy of Law. Karen Tenenbaum and Jay Sheryll, Esq., moderated this presentation.
New Blog from the Tenenbaum Law Team: 4 Facts to Know About Sales Tax if You are Buying a Business
When you buy a business it is important to understand that you could be taking on liability previously incurred by the seller and unrelated to the sale of the business. Familiarizing yourself with New York sales tax is the best way to protect yourself.
A RECENT 5 STAR GOOGLE REVIEW: Only one thing I can say about Karen Tenenbaum, she is listed in my phone as “Life Saver”. Not only is she one of the loveliest most energetic kind people you will ever meet, when things are getting really frightening and you are feeling under attack, she will bring you the comfort that you need knowing that she has your back in every way. She knows her business like no other, and is a person you can absolutely count on to resolve your issue. What more can I say, if you found Karen you found the very BEST! – Howard Balaban
We would love to hear from you! Leave us a 5 Star Google Review here. Click here to read more of our testimonials.
Guest Blog: Owe Money to the IRS? Here’s Why You May Consider Meeting With a Financial Professional
When you owe money to the IRS it is imperative to have a financial plan to work towards relieving this burden. Utilizing the skills of a financial professional alongside a tax professional can make your options feel less limited.
Sharlene Jamison is a financial advisor at GWN Securities, Inc., mother of two, a business woman, and entrepreneur.
[email protected] (631) 232-7900
We Make Taxes Less Taxing! Download our Tax Helpline App to receive a FREE 15 Minute Consultation with a Member of Our Legal Team!
In Case You Missed It from the Tenenbaum Law Team: What Do Population Losses in New York Mean for Residency Audits?
The largest population drop in the United States between July 2020 and July 2021 was in New York with over 300,000 residents. There are a number of effects that will take place, but the most immediate factor is the reduction in revenue for the state. As many flee to abandon the high tax rates of New York, they closely monitor who has actually changed their residency and who is falsely claiming they did.
Flashback!: 2 Years Ago: Karen Tenenbaum had the honor of joining Joe Connolly on his Small Business Spotlight for WCBS 880 Radio show!
In the Headlines
The Taxpayer Advocate Service blog details the inadequate state of IRS phone services and their paper processing backlog. They mention the best days to call the IRS are Wednesday through Friday.
“Three days after the 2022 tax season started, an overwhelmed IRS suspends some taxpayer notices”
The IRS recently announced it is suspending the mailing of certain automated notices because of a backlog in processing returns. The IRS continues to attribute the large backlog to underfunding and challenges due to the pandemic.
“Intuit CEO Warns of Tax Bill Shock for Bitcoin, NFT Traders”
Intuit is prepared for plenty of confused taxpayers this year. Many new investors have purchased NFTs and cryptocurrencies in 2021 without understanding the tax implications. Even experienced investors are trying to navigate this new way of trading
Check out Karen’s Virtual Business Card to get access to Informative Videos, our Social Media Platforms & Free E-Book Downloads!
Connect with us!
Follow our social media accounts and check out our website to keep up to date with our upcoming webinars and events. We do monthly webinars featuring the latest, up-to-date information on various tax topics.
If you have any questions or comments, please feel free to reach out to us. We are available to discuss any IRS and NYS tax issues and hope that we can be of aid in resolving any tax problems you or your clients may have. Connect with me on LinkedIn or send me an email.
Disclaimer: Prior results do not guarantee a similar outcome. ATTORNEY ADVERTISING
Tenenbaum Law, P.C. | Tax Attorneys
Representing Taxpayers in IRS & NYS Tax Matters
534 Broadhollow Road, Suite 301 Melville, NY 11747
631-465-5000
