Installment Agreement

Home|Tag: Installment Agreement

How Do You Qualify for a New York State Installment Payment Agreement?

How Do You Qualify for a New York State Installment Payment Agreement? Do you owe taxes to New York State but cannot afford to pay it off at once? You may qualify for a New York State Installment Payment Agreement (IPA). An IPA allows you to pay off your total tax liability in monthly installments,

2021-08-23T15:23:15+00:00August 23, 2021|Categories: New York State, NYS Tax|Tags: |

Will COVID-19 Affect Your Clients’ New York State Tax Residency?

Reprinted with permission by the Nassau County Bar Association. The shelter in place rules imposed by many states, including New York during the coronavirus pandemic, led many to leave their homes. In New York City, residents exchanged their cramped apartments for suburban summer homes in less densely populated areas with more living space and

2021-08-26T20:58:32+00:00December 22, 2020|Categories: NYS Tax|Tags: , , |

IRS Announces Help for Taxpayers Who Can’t Pay Taxes Due to COVID-19

In November, the IRS announced several tax relief measures to help those struggling to pay their taxes as a consequence of COVID-19. The agency emphasized that it wants to give taxpayers more options in settling their tax debts and avoiding collection actions. If you can’t pay your taxes due to COVID-19, here are some

2021-08-26T21:11:55+00:00December 3, 2020|Categories: IRS|Tags: , , |

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

2020-12-03T22:58:27+00:00October 12, 2020|Categories: NYS Tax, IRS|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: , , , , |

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

2020-12-03T23:00:48+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: , , |

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 where an IRS Installment Agreement (IA) may help. IAs allow a taxpayer to pay off his/her full liability to the IRS via monthly payments. In 2018, the IRS approved almost 3 million IAs, of which

2021-08-26T21:12:05+00:00June 3, 2019|Categories: IRS|Tags: |

Recap from the Accounting & Finance Show

Did you attend the Accounting & Finance Show earlier this month? Many of our friends and colleagues gave great presentations on a wide range of topics. Our attorneys were honored to present on IRS Appeals and Collections, New York State Tax Collections, and Residency Audits. If you couldn’t attend, here are a few topics

2020-09-15T20:36:35+00:00July 23, 2018|Categories: IRS, NYS Tax|Tags: , , , , |
Go to Top