Civil and Criminal Tax Fraud in NYC

In today’s current economy, many people look for ways to make ends meet with less money than they had before. However, going outside the law to do so should not be considered. Tax fraud is one of the most common white collar crimes in the country, and due to its powerhouse investment sector, it is […]

Discharging Income and Non-Income Tax Debt

An extremely common question for filers of bankruptcy is whether or not tax debts are dischargeable. A large variety of them are, including varieties of income tax debts such as on late-filed returns. However, non-income tax debts can be a very real concern for some debtors. It is absolutely imperative to know what you will […]

Common New York Tax Incentives

A legislature, be it city, state or federal, has many options at its disposal to improve the local economy. This can include a significant amount of modification to the tax laws, to allow more money to remain in the pockets of consumers to be spent. One of the more common methods used by several locales […]

Tax Breaks For New Yorkers and Their Potential Issues

In the United States, the term “tax break” is often used pejoratively, as if to imply the inherent unfairness of any regulation that does not tax everyone in exactly the same manner. However, there are valid policy reasons that cause different people to be taxed accordingly. Still, due to the stigma associated with passing ‘tax […]

Late Filed Tax Returns: Are They Dischargeable?

Filing a tax return late is forever a risky proposition. However, when one is planning to file for bankruptcy, it is even riskier. Most tax debts are not dischargeable in bankruptcy, but there are exceptions. However, if a return is filed late, the dischargeability of the debt on that return may go up in smoke. […]