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

2021-09-21T01:34:17+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

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 against a delinquent taxpayer. However, IRS penalties may be challenged at any stage of the penalty assessment process and be granted in limited cases. This can save taxpayers significant money if they act promptly. Qualifying

2020-09-23T18:40:51+00:00March 21, 2019|Categories: IRS|Tags: , |

Relief from IRS penalties: What taxpayers should know about First Time Penalty Abatement

The IRS assesses millions of penalties against taxpayers each year in an effort to encourage voluntary compliance with the tax law. Penalties may be based on the failure to pay tax when due, failure to timely file a tax return, substantial inaccuracies in tax filings, or some other noncompliance with the tax law. Occasionally,

2020-09-15T21:12:47+00:00April 4, 2017|Categories: IRS|Tags: , |
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