Monday, June 17, 2019

Queens Business Owner Admits Stealing Sales Tax (Collected from Customers)



He Pocketed Nearly $251,000 in Sales Taxes
(he should have hired SELIG & Associates)

The New York State Department of Taxation and Finance announced guilty pleas to criminal tax fraud and grand larceny charges by a business owner and his two Queens businesses. Between March 1, 2009, and February 28, 2018, Pyong Chon Yim, 56, and his businesses, Advance Auto Sport Corp. and Advance Motor Sport Inc., located at 35-50 College Point Boulevard, College Point, NY, failed to remit nearly $251,000 in sales tax collected from customers. “Profiting off the backs of honest neighbors is not only bad business, it’s criminal,” said New York State Executive Deputy Commissioner of Taxation and Finance Andrew Morris. “This illegal activity robs local communities of critical funding for public programs and services New Yorkers rely on. We’ll continue to work with all levels of law enforcement, including the Queens District Attorney’s Office, to ensure those committing tax fraud are held accountable.” Acting Queens District Attorney John M. Ryan said, “The defendant collected tax dollars and then pocketed the cash. This is wholly unacceptable and not only cheats the local government, but also every other honest taxpayer. The defendant has admitted his guilt and will make full restitution. I want to commend the New York State Department of Taxation and Finance for their work in this case. We will continue to collaborate with our law enforcement partners to prosecute those who knowingly commit tax fraud.” 

Long Island Business Owner Pleads Guilty (Not Paying Employment Taxes to IRS)



He Failed to Pay Nearly $1 Million in Payroll Tax Withholdings 
(he should have hired SELIG & Associates)

A Long Island business person in the construction industry pleaded guilty today to failing to pay over employment taxes to the Internal Revenue Service (IRS), announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division. Edward Hansen of Northport, New York, pleaded guilty to one count of willfully failing to collect, truthfully account for, and pay over payroll taxes to the IRS. According to documents filed with the court, Hansen owned and operated steel erection businesses in Suffolk County. From 2008 to 2011, the IRS assessed more than $480,000 in penalties against Hansen for his failure to pay over employment taxes on behalf of several of these businesses. After the last IRS assessment in May 2011, Hansen changed the name of his business to BR-Teck Enterprises Inc., and nominally transferred ownership to another individual. Hansen, however, continued to operate the business and continued to fail to pay over employment taxes. From January 2012 through June 2017, Hansen failed to pay over more than $950,000 in payroll taxes withheld from the wages of BR-Teck’s employees. Hansen faces a maximum sentence of five years in prison for failing to pay over payroll taxes. He also faces a period of supervised release, restitution and monetary penalties. Principal Deputy Assistant Attorney General Zuckerman thanked special agents of IRS-Criminal Investigation, who conducted the investigation, and Tax Division Trial Attorneys, Abigail Burger Chingos and Jeffrey Bender, who are prosecuting the case.

Can I get a Mortgage if I have an IRS Tax Lien? (Yes)




Can I get a Mortgage if I have an IRS Tax Lien? (Yes) With an installment agreement in place, you may be eligible for a FHA or VA mortgage. When done properly, an installment agreement allows you to repay your tax debt and still have enough for current expenses (like mortgage payments). For more information call David Selig at (212) 974-3435 


Understanding Tax Debt, the IRS & Suspended and/or Revoked Passports



If you have “seriously delinquent tax debts” ($52,000 or more) the IRS will notify the State Department and your Passport will be denied and/or revoked. FYI *paying your debt down will not reactivate your Passport. See: IRS Section 7345(b)(1). If your Passport has been suspended, or you are concerned that your Passport is about to be suspended, call David Selig directly at (212) 974-3435



Friday, June 14, 2019

Does the IRS combat crime with an aggressive strategy of prevention, detection and victim assistance?



Tax-related identity theft occurs when someone uses your stolen Social Security number (SSN) to file a tax return claiming a fraudulent refund. Identity theft places a burden on its victims and presents a challenge to many businesses, organizations and governments, including the IRS. 

But does the IRS really combat this crime with an aggressive strategy of prevention, detection and victim assistance? 


Selig & Associates is a boutique Tax Representation and Advocacy Firm in New York City. Our Tax Advocates are experienced, effective and results driven. Representing individuals and businesses before the IRS and State. We successfully resolve most Civil and Criminal tax problems including suspended Passports and Drivers Licenses. Specializing in unpaid income, sales and payroll taxes. We provide practical solutions to difficult problems. For example, we negotiate affordable payment plans, and if you have missing or unfiled tax returns, we can have them prepared and filed for you within 48 hours, guaranteed. Our offices are conveniently located and easily accessible by car, train or subway. Same day and emergency appointments are available Monday through Friday between the hours of 9:00 a.m. and 5:00 p.m. Schedule a “face to face” legally privileged consultation with a Federal Tax Practitioner and Attorney by calling (212) 974-3435 or contact us online. Your initial consultation is absolutely FREE.


NYS Tax Department invites public comment on corporate tax reform draft regulations

They’re at it Again! New York State Department of Taxation and Finance 



https://www.tax.ny.gov/bus/ct/pending/capital%20loss%20reg%206.14.19_.pdf
  Selig & Associates is a boutique Tax Representation and Advocacy Firm in New York City. Our Tax Advocates are experienced, effective and results driven. Representing individuals and businesses before the IRS and State. We successfully resolve most Civil and Criminal tax problems including suspended Passports and Drivers Licenses. Specializing in unpaid income, sales and payroll taxes. We provide practical solutions to difficult problems. For example, we negotiate affordable payment plans, and if you have missing or unfiled tax returns, we can have them prepared and filed for you within 48 hours, guaranteed. Our offices are conveniently located and easily accessible by car, train or subway. Same day and emergency appointments are available Monday through Friday between the hours of 9:00 a.m. and 5:00 p.m. Schedule a “face to face” legally privileged consultation with a Federal Tax Practitioner and Attorney by calling (212) 974-3435 or contact us online. Your initial consultation is absolutely FREE.


Insurance Representation We settle first-party insurance claims for Top Dollar. Commercial and Residential insurance representation includes: Environmental Damage, Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage.  To speak with a CPCU, Claims Adjuster and Attorney call (212) 974-3435 or contact us online. 

Wednesday, June 12, 2019

CPCU, Claims Adjuster and Attorney




Helpful  When it comes to insurance, we specialize in difficult situations. To schedule a confidential consultation with a CPCU, Claims Adjuster and Attorney please call (212) 974-3435 today. 

Effective We assist builders, businesses, nightclubs, schools and religious institutions with specialty insurance coverage and first-party claims, including Environmental issues, Active Shooter and Workplace Violence Protection, Cyber and Employment Practices Liability Insurance. 

Skillful We settle first-party property damage claims for top dollar and resolve all residential and commercial claims, including Business Interruption, Burglary, Fire, Windstorm and Water Damage. 

Local Appointments are scheduled Monday through Thursday between the hours of 9:00 a.m. and 5:00 p.m. and on Fridays between 9:00 a.m. and 3:00 p.m. 

Queens Business Owner Admits Stealing Sales Tax (Collected from Customers)

He Pocketed Nearly $251,000 in Sales Taxes (he should have hired SELIG & Associates ) The New York State Department of Taxa...