You Received an IRS Notice of Intent to Levy, Now What?
An IRS levy is a legal seizure of property to satisfy a tax debt. It is one method of
What Are Your Chances of Being Audited? The Latest Statistics from the IRS
Every year the IRS releases its Data Book with useful statistics about the IRS’ activities, money spent and collected, taxpayer
6 Things You Should Know About IRS Installment Agreements
Often taxpayers who owe back taxes to the IRS cannot afford to pay their debt all at once. That’s
New Protection for Those Facing Loss of NY Driver’s License for Back Taxes
Many taxpayers don’t realize New York State can suspend their driver’s license in certain circumstances if they owe back
Larry Heller’s Top 5 IRA Planning Strategies
It’s time to talk IRAs. IRAs are an integral part of most people’s retirement plans, but as an advisor, I
Prenups (and Postnups) are the Closest Thing to Divorce Insurance in New York
Couples getting married today are older and more educated than ever before. Their individual income is greater, and their assets have more
Where is Your True Home for Tax Purposes?
New York has high taxes, so some taxpayers try to change their residency to avoid them. New York residents
What Taxpayers Need to Know About Fighting IRS Penalties
Can you get rid of an IRS penalty? There are many reasons why the IRS may assess a penalty
Sun, Sand and 4% Taxes
It’s hard to argue with the facts. You know, those unbeatable, etched in stone pieces of information that drive an
Beware Ghost Tax Preparers
Tax season is here which means more tax-related scams. The IRS recently published a warning to consumers about a new
New York Sales Tax Law Changes for Out-of-State Retailers
Around the country, sales tax laws have undergone major changes in the last year. Now New York has joined
The Many Reasons Not to Look at your Life Insurance Policies
It’s unpleasant, I don’t understand it, I don’t want to deal with a life Insurance salesman. But if you don’t
The Latest on IRS Innocent Spouse Requests, Appeals and Litigating in U.S. Tax Court
Did you miss the Long Island Tax Professionals Symposium? Below is a recap from one of the many stellar
More Options for Fighting the IRS: Equivalent Hearings and the Collection Appeals Program
Receiving an IRS collection notice is very stressful, but taxpayers do have rights to challenge the IRS. In a
Charitable Giving and Volunteering after the Tax Cuts & Jobs Act
Approximately one year ago I attended the Financial Planning Association of Long Island’s annual symposium as a volunteer for my