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,…

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…

The man who runs Wings Over Ithaca has been charged with 26 counts of felony sales tax evasion. The 47-year-old Massachusetts man recently pleaded not guilty to the charges against him in Albany City Court. Specifically, he’s charged with second-degree…

If there’s one thing that unites Americans, even amid a highly-contentious presidential election, it’s the fear of an audit by the Internal Revenue Service. Realistically, your chances of being audited are very slim and dropping. Fewer than 1 percent of…

A father and son have been indicted for failing to pay over $1 million in sales taxes between 2011 and 2014 for the three Nassau County BP gas stations they own. They both could serve years in prison. This isn’t…

A 57-year-old New York pharmacist is facing over three-and-a-half years in prison for tax and health care fraud. The New City man ran pharmacies in the Bronx, Queens and Rockland. Additionally, he was ordered to pay $2.7 million in restitution…

Many people who violate tax laws don’t do so intentionally. They may not be aware of current laws. After all, the Internal Revenue Service makes changes every year. This year is no exception. Lawmakers have until the end of the…

When people hear the terms “tax evasion” or “tax fraud,” they often think of large corporations or extremely wealthy individuals who fail to pay the taxes they owe. However, anyone can be potentially be accused of tax evasion by the…

When people file for Chapter 7 bankruptcy, the court sells off their nonessential assets in order to repay their creditors. Secured creditors generally receive top priority. Unsecured creditors are less likely to receive any of the proceeds from the sale…

The Internal Revenue Service (IRS) is holding foreign financial account holders responsible for not reporting their accounts. Those who need to report accounts are encouraged to do so proactively. A failure to properly report can lead to both civil and…