Tax Fraud

Fraud is an intentional deception or misrepresentation made for personal gain or so that another will act on the deception to his or her legal detriment.  Fraud is a dishonesty used to gain a calculated advantage.  Fraudulent behavior is illegal regardless of what type of fraud is committed. Tax fraud is a serious allegation because […]

New York Tax Audits and Their Aftermath

If you are an employee who receives a salary from your employer for your labor, you are subject to paying taxes and subject to tax audits. A tax audit is the process where the IRS or some other state taxing agency reviews your tax return to determine whether the return depicted income, expenses and credits […]

Offer in Compromise Can Relieve Your Tax Burden

An Offer in Compromise (OIC) is an agreement between the Internal Revenue Service (IRS) and a taxpayer that reconciles the taxpayer’s tax debt for less than what was originally owed. OIC’s may be the best option for taxpayers who are facing insurmountable tax debt and are unable to arrange a workable payment plan. An OIC […]

Criminal vs. Civil Tax Penalties

Most tax liability is civil not criminal.  Failure to pay taxes can result in various actions including wage garnishment and bank restraints.  However, there are some tax liabilities that will land the taxpayer in criminal court. The most common tax crimes are tax fraud and tax evasion.  Tax evasion occurs when individuals, corporations, trusts and […]

Completing Tax Returns

One thing all Americans must do is file tax returns every year.  It is important to fill out tax returns so that they are complete and accurate.  This applies regardless of how much or how little money the taxpayer has, and regardless of whether the taxpayer is struggling financially. Taxpayers must file tax returns every […]