How Does the IRS Notify You of an Audit?
The IRS will notify you of an audit by mail only. It will not initiate an audit by phone or
Who Is a New York City Resident for Tax Purposes?
A New York City resident for tax purposes is someone who is domiciled in New York City or who
What Is a Tax Warrant in New York?
A tax warrant in New York is the equivalent of a legal judgment against a taxpayer who owes taxes
Buying a Business? Comply with New York Bulk Sale Rules to Avoid Liability
As published in the Suffolk Lawyer, a publication by the Suffolk County Bar Association. Buyers of a business’s
Building an Aligned Team for Your Firm – By Sara Frasca & Michael Smith
“Who was in charge of that?” “What was the timing?” “I thought he was handling it.” The business of
How to Remove an IRS Tax Lien
The most common way to remove an IRS tax lien is to pay the taxes you owe. However, there
What Triggers a State Tax Audit?
Generally, what triggers a state tax audit is a tax return with an error or discrepancy. Some of the
March 2022 Newsletter – Tenenbaum Law, P.C.
Subscribe to our newsletter! Highlights Karen Tenenbaum, Marisa Friedrich, and Moshe Zupnick of our Legal Team presented on "Hot Tax Topics
What Percentage of Tax Returns Are Audited Each Year?
In 2020, the percentage of tax returns audited was only 0.2%, a new low. In the decade prior to
Preparing for a Successful New York State Residency Audit
As published in the Suffolk Lawyer, a publication by the Suffolk County Bar Association. New York State residency
How Far Back Can the IRS Audit Your Tax Returns?
Generally, the IRS has three years to audit your tax returns. However, there are exceptions that extend the statute
Owe Money to the IRS? Here’s Why You May Consider Meeting With a Financial Professional – By Sharlene Jamison
What is the benefit of seeking a financial professional if you already owe money to the IRS and are
February 2022 Newsletter – Tenenbaum Law, P.C.
Subscribe to our newsletter! Upcoming Webinars Network for Allied Professionals: Karen Tenenbaum, Marisa Friedrich, and Moshe Zupnick will be discussing "Hot
4 Facts to Know About Sales Tax If You Are Buying a Business In New York
When you buy a business, it is important to understand that you could be taking on liability previously incurred
Why I Formed an Advisory Board – By Dr. Sandi Webster
Circa 2004, two fledgling business owners had a lot of faith that the business they started from the ashes