Steps You Can Take When You Can’t Pay Your Taxes

As the restaurant industry continues to struggle with the impact of COVID-19, tax bills are presenting yet another problem. Shut-downs, continuing restrictions on capacity, and added costs to protect workers and patrons have left restaurants and owners with little cash to pay income and sales taxes. Fortunately, there are payment options that can help

Are You Struggling to Pay Your Taxes?

COVID-19 has made it more difficult for many individuals and businesses to pay their taxes. While many tax relief measures passed earlier this year have expired, there are still remedies that may help minimize liability and/or delay payment. IRS: Payment Options. If you cannot pay your taxes when due, several payment options are available

2021-09-21T01:34:47+00:00October 12, 2020|Categories: NYS Tax, IRS|Tags: , , , , |

Did COVID-19 Change Your New York State Tax Residency?

If you have more than one home and COVID-19 altered certain of your activities, you could have a tax problem. Due to COVID-19, many taxpayers left one home for another home or were unable to change locations because of travel limitations. If that describes you, it could have affected your residency for state tax

2020-12-03T22:59:44+00:00July 21, 2020|Categories: NYS Tax, Residency|Tags: |

July 15 Tax Deadline Looms: What You Need to Know If You Owe Back Taxes

As a result of the COVID-19 crisis, many federal and New York State tax deadlines were extended. In addition, those who had pending audits or tax collection matters or were paying off back taxes got a temporary break. However, many of these tax relief measures are set to end on July 15, 2020. What

2020-12-03T22:59:58+00:00July 2, 2020|Categories: IRS, NYS Tax, Sales Tax|Tags: , , , , |

Where Can You Find Federal Tax Lien Relief During COVID-19

A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The IRS People First Initiative has suspended many IRS collection actions including liens; however, taxpayers still need to be concerned. Federal tax liens are subject to different rules than other types of

2020-12-03T23:00:36+00:00June 2, 2020|Categories: IRS|Tags: , |

Top 10 COVID-19 Tax Relief Provisions You Need to Know Now

Many individuals and businesses are facing significant financial problems arising from the coronavirus.  The Federal and New York State governments have responded with several changes to provide tax relief. Here are the key provisions taxpayers need to know: Federal Taxes 1. Filing and Paying Taxes. Taxpayers may defer filing and paying their federal taxes

2021-09-21T01:58:55+00:00May 4, 2020|Categories: IRS, NYS Tax, Sales Tax|Tags: , , , , |

Covid-19 Tax Relief Recap for Individuals and Businesses

As the coronavirus spreads, individuals and businesses are increasingly facing financial problems on top of the potential health concerns. In response to this, both the federal and New York State government have provided some tax relief. Here are a few developments: Federal Taxes The Treasury Department and the Internal Revenue Service have announced that

2020-12-03T23:01:00+00:00March 31, 2020|Categories: IRS, NYS Tax, Sales Tax|Tags: , , |
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