From the IRS Taxpayer Advocate Blog The Collection Statute Expiration Date (CSED) marks the end of the collection period, the time period established by law when the IRS can collect taxes. The CSED is normally ten years from the date of the assessment. Assessments with their own CSED: Original tax assessments from voluntarily filed returns; Tax assessments arising from amended return filings; Substitute for ... Read More The post Understanding your Collection Statute Expiration Date (CSED) appeared first on Alizio Law, PLLC ..read more

When buying a business, the potential buyer will usually perform due diligence to verify information provided by seller and to search for any unknown issues and problems. One potential issue may be tax problems specifically an outstanding sales tax liability. If the business being sold owes past due sales tax the amount of this tax liability must be withheld and ... Read More The post Buying a New York Business? Inquire about Sales Tax Liability appeared first on Alizio Law, PLLC ..read more

There are situations when it makes sense for a business owner to close a business.  However, a business owner may not just “walk away” from the business.  There are steps that need to be taken prior to dissolution of a business in New York State. Tax Return Filing Obligations All required income tax returns have been filed (and taxes paid). ... Read More The post Closing a business in New York State appeared first on Alizio Law, PLLC ..read more

Peter Alizio was a guest on Attorneys with Swag, episode 2 “Business Deductions” the tax law episode. “I had a lot of fun filming and discussing tax law with the other attorneys” – Peter    About Attorneys with Swag  Attorneys with Swag is a show featuring Eugene Toussaint, Everett Hopkins, Kevin Michels, and Jubril Oladiran as four practicing attorneys based ... Read More The post Tax Attorney Peter Alizio Featured On Attorneys with Swag appeared first on Alizio Law, PLLC ..read more

As another tax season begins many taxpayers will end up owing taxes when filing their income tax returns. This is not an issue when the taxpayer has money to pay the tax balance due. However, when the taxpayer does not have the funds necessary to pay tax due some individuals would rather not file or file a tax return extension. ... Read More The post Unable To Pay Taxes Due With Tax Return? appeared first on Alizio Law, PLLC ..read more

Happy almost New Year!  We would like to wish our clients, friends, and family a happy holiday. We look forward to helping more taxpayers with tax problems in 2020.  As the year comes to an end it is time to take inventory and reflect.  In 2019 a client complained about calls going straight to voicemail and unable to talk to ... Read More The post Looking Forward to 2020 appeared first on Alizio Law, PLLC ..read more

Alizio Law makes it easy for past, current, and future clients to stay connected with our tax attorneys by maintaining an internet presence. You may find us on social media sites such as facebook and twitter, and can review our services on Google. We encourage you to follow us online by visiting us here: Alignable FaceBook Justia Instagram TaxBuzz Twitter ... Read More The post Stay in Touch With Our Law Firm appeared first on Alizio Law, PLLC ..read more

Part X of the NYS executive budget is the piece of the legislation that more or less codified NYSDTF administrative policy published in TSB-M-11(17)S.  The NYS Department of Taxation and Finance website now reads: TSB-M-11(17)S is obsolete and new guidance will be issued shortly. I read the provision which sets the stage for a more formal application process in which eligible individuals ... Read More The post Update to NY Sales Tax Law Affecting Responsible Person Assessments Against Certain LLC Members appeared first on Alizio Law, PLLC ..read more