New York takes sales tax liability seriously. It devotes significant resources to ensuring that businesses properly track, collect, and pay sales tax to the government. When a business fails to do that, the state enforces the law using a variety of tools at its disposal, including the following: Collection action against income and assets.
There is no shortage of celebrities convicted of tax evasion. Just this month, Chrisley Knows Best stars Todd and Julie Chrisley were indicted on multiple counts of conspiracy, bank fraud, wire fraud, and tax evasion. The Chrisleys’ accountant was also indicted on tax-related offenses. Separately, Chase Chrisley was hit with a federal tax lien. The IRS contends Chase owes almost $17,0000 in taxes
The New York State Department of Taxation and Finance (NYSDTF) recently announced that two New Jersey-based corporations have pleaded guilty to failing to pay New York State sales tax. The businesses will pay more than $1.4 million, including about $560,000 in sales tax owed plus penalties and interest. This is just the latest press
Have you failed to file a tax return or underpaid your taxes to New York State? New York’s Voluntary Disclosure Program can help you. The Program is designed to entice taxpayers back into the system by allowing non-filers and under-filers to come forward and avoid criminal prosecution and steep late filing and late payment penalties.
