A little bit about Intellectual Property

By Richard Gearhart Intellectual property is frequently referred to as intellectual capital, meaning the intellectual assets of the business. From a legal standpoint, intellectual assets are classified into five categories: patents, trademarks, copyrights, trade secrets, and know-how. Briefly, patents protect new technology and inventions, trademarks protect brands, copyrights protect original works of expression, such

2021-04-29T20:53:05+00:00February 7, 2021|Categories: NYS Tax, Guest Blogger|Tags: |

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: , , , , |

Miss-Connects Waste Time and Energy

By Bruce Stout With the Zoom revolution, attorneys are reaching out to network on an unprecedented scale. Increased receivables instill a new energy to make rain. They often spend hours cultivating what they believe to be potential referral sources only to be disappointed later when no prospects materialize. Or the ones that are referred

2020-12-03T22:58:45+00:00September 25, 2020|Categories: Miscellaneous|Tags: |

Can You Get Release of an IRS Levy for Economic Hardship?

The IRS uses many methods to collect back taxes from delinquent taxpayers. Among them is a levy, which is a legal seizure of property to satisfy a tax debt. Just about any type of property can be subject to levy including wages, money in the bank or other financial accounts, vehicles, real estate, and

2021-09-21T01:35:15+00:00August 12, 2020|Categories: 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

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

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 collection the IRS uses to collect back taxes. Just about any type of property can be subject to levy including wages, money in bank or other financial accounts, vehicles, real estate, and other personal property. The

2021-08-18T17:33:58+00:00July 29, 2019|Categories: IRS|Tags: |

3 Things You Should Know About a New York State Levy If You Owe Back Taxes

If you owe taxes to New York State, it can pursue collection of the debt against your real estate, personal assets, and income using a levy. A levy is a legal seizure of property to satisfy a tax debt. If you have a tax problem, here’s what you should know. What types of levies

2020-09-23T19:42:16+00:00August 22, 2018|Categories: NYS Tax|Tags: |

Beware the IRS and New York State Tax Collection Arsenal: Takeaways from the BOOM Conference

The IRS and New York State have been progressively expanding their arsenal of tools to collect back taxes from delinquent taxpayers. At the recent BOOM B2B Expo and Executive Speaker Conference, we spoke to business owners about some of the most powerful enforcement techniques used by the federal and state government. IRS collection methods: Passport revocation.

New York State Tax Collections Update

Join us on August 18th, at LIU Post’s Civil & Criminal Tax Controversy Updates – 2016. The LIU program is an annual event for private and government tax professionals to discuss current events and best practices in federal and New York State cases involving criminal and civil tax penalties and enforcement. We will be

2020-10-08T18:04:13+00:00August 16, 2016|Categories: NYS Tax|Tags: , |
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