Tenenbaum Law, P.C. Blog
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Our experienced New York tax attorneys have focused on the resolution of tax issues for over 25 years. Our firm offers comprehensive services to businesses and individuals with respect to their Federal and New York State tax matters.
Tenenbaum Law, P.C. Blog
5M ago
Removing an IRS tax levy can be a stressful and overwhelming experience. While the IRS provides options for you to challenge, appeal, and obtain a release of a levy, the rules are complicated. If you are considering handling the problem yourself, you must understand how levies work and what steps you need to take ..read more
Tenenbaum Law, P.C. Blog
5M ago
Understanding tax law is vital for any business owner, especially when it comes to the concept of “responsible person” liability for NYS taxes. Ordinarily, a business pays its own taxes. However, in some cases, if a business fails to pay its withholding, sales, or use tax, certain responsible persons may be held personally liable ..read more
Tenenbaum Law, P.C. Blog
5M ago
*previously published in the Entrepreneur's Organization Here* As an entrepreneur or founder starting a business, you may think of capital as purely monetary. Capital is often viewed only as an opportunity for an infusion of money into a business to get it started or grow and scale your company. Unfortunately, without a solid grasp ..read more
Tenenbaum Law, P.C. Blog
6M ago
The pandemic resulted in significant delays at the IRS. While there are still problems, tax audits and collections are increasing, indicating a slow return to normal operations. In addition, the IRS has stated that it will be focusing more resources on auditing and collecting taxes from high wealth taxpayers. What does this all mean ..read more
Tenenbaum Law, P.C. Blog
6M ago
When New York residents leave the state and move elsewhere, they must pay attention to New York’s tax rules. If they don’t take proper steps, they may find out that they are still liable to pay taxes to New York as if they were still residents. If you are considering a move but plan ..read more
Tenenbaum Law, P.C. Blog
6M ago
Climate change has been an enormous challenge for our communities, our country, and our world. Locally, in the last 10 years, we’ve experienced severe flooding, home/property damages and lives lost from Super Storm Sandy. Most recently, the Canadian Wildfires turned our skies along the East Coast to a sickly yellow, bringing alarming air quality ..read more
Tenenbaum Law, P.C. Blog
7M ago
Unfortunately, there is no such thing as one-time tax forgiveness. However, several IRS programs can provide some tax relief to qualified taxpayers. If you are struggling to pay your back taxes, you should contact a tax attorney who can evaluate your unique circumstances, determine whether you are eligible for tax relief and present a ..read more
Tenenbaum Law, P.C. Blog
7M ago
If you owe back taxes, there are several options to help you pay off your tax debt. A key point is to address your tax issues as soon as possible so you don’t make matters worse. Ignoring the problem can result in owing more money in penalties and interest and possibly facing collection action ..read more
Tenenbaum Law, P.C. Blog
8M ago
Business owners need to understand what cash balance plans are and how they work. These types of plans are becoming increasingly popular among business owners who want to provide both themselves and their employees with a steady stream of income in retirement and provide the business with a significant tax deduction today. There are ..read more
Tenenbaum Law, P.C. Blog
8M ago
If you default on a payment plan with the IRS, the consequences can be serious. The IRS offers payment plans (known as installment agreements) to individuals who cannot pay their entire tax bill at once. An installment agreement (IA) allows monthly payments over a specific period of time. If you fail to pay as ..read more