Tax Law Archives - Jeffrey M. Rosenblum, P.C.

Tax Litigation vs. Tax Audit: Knowing the Difference and When to Hire a Lawyer

September 6, 2024
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

Navigating the complex world of taxes can be daunting, especially when faced with terms like "tax audit" and "tax litigation." Understanding these processes is crucial, particularly for Brooklyn, NY residents, who may find themselves in need of legal assistance. This…

Five Things a Tax Lawyer Can Do So You Don’t Have To

June 1, 2023
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

Do-it-yourself projects continue to increase in popularity, especially when you can go online and find helpful videos and guides to accomplish just about anything. However, dealing with the Internal Revenue Service and figuring out all the tax statutes that apply…

Will Increased IRS Funding Translate to More Audits?

May 1, 2023
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

A recently passed Inflation Reduction Act provided the Internal Revenue Service with an $80 billion cash infusion. The IRS says it plans to use the influx of money to develop new data management systems and provide Americans with “world-class” customer service…

IRS Restores Deductibility of Trust & Estate Losses

May 12, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Debt Relief, IRS, Personal Bankruptcy, Tax Law

A new IRS proposed regulation brings welcome news to beneficiaries of estates and non-grantor trusts. Beneficiaries will now be able to deduct expenses in excess of income in the final year of the trust or estate. The deductibility of these…

Bankruptcy assistance helps you avoid tax evasion allegations

September 28, 2018
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

Both Chapter 13 and Chapter 7 bankruptcies give New York residents a clean slate upon which to build a secure financial future. A Chapter 7 filing can also help debt-strapped people get out from under some of their tax obligations. This…

Former New York professor fined, sentenced for tax fraud

February 17, 2017
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

Hiding assets to avoid paying taxes can come with a hefty price as it is considered tax fraud. A former University of Rochester professor learned that. He already paid fines totaling more than $100 million for failing to disclose income…

Billions still being lost in tax fraud and identity theft

January 26, 2017
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

The Internal Revenue Service has taken a considerable number of steps in the past few years to combat tax fraud and identity theft. Losses due to fraud in 2013 and 2014 totaled nearly $9 billion. These added precautions will cause…

Common, avoidable tax errors can have serious costs

January 4, 2017
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

Many taxpayers rely on electronic software or a professional tax preparer to help them complete their income tax returns. However, for your return to be free of errors, you still must provide the correct information. As they say, “Garbage in,…

Tax code changes for 2017 have been announced

December 4, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

Most people haven’t even begun thinking about filing their 2016 tax returns yet. However, the Internal Revenue Service has already announced changes to the U.S. tax code for 2017. These won’t impact the tax returns you file this April. However,…

Tax authorities stepping up efforts to combat identity theft

November 15, 2016
On Behalf of Jeffrey M. Rosenblum, P.C.
Tax Law

As Americans increasingly file their taxes online, identity theft has become a growing issue. People are stealing taxpayers’ identities, filing false returns, and obtaining refunds of money not owed them (or the taxpayer). State and federal tax authorities, including the…

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