NYC Tax Advocates

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Specializing in IRS and NYS Tax Representation. Workers Compensation Audits, Payroll, Sales and Income Tax representation for Businesses, Individuals, Restaurants and Construction Companies. Civil and Criminal Workers Comp Audit representation includes: NYSIF Examinations, Premium Disputes, Employee Misclassification, Underreporting, Unreported Income, and Failure to Keep Accurate Payroll Records.

Wednesday, February 19, 2020

Man Pleads Guilty to Tax Evasion - Better call Selig & Associates



A man pleaded guilty to tax evasion, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Jay E. Town. According to court documents and statements made in court, in 2011, John P. Cooney, 70, filed delinquent tax returns for 2008 through 2010, in which admitted that he owed the Internal Revenue Service (IRS) approximately $780,000, but did not include any payment. Rather, to evade his tax obligation, Cooney created a nominee entity, GVA Advisors, LLC (GVA), and directed that income from his employer and dividends from his investments be paid to an account in GVA’s name, rather than to him directly. From 2013 through 2016, Cooney deposited more than $435,000 into the GVA account, concealing the funds from the IRS. In all, as result of his actions, Cooney owed by 2017 more than $1.3 million in outstanding balances, penalties, and interest to the IRS. Sentencing is scheduled for May 28, 2020.  At sentencing, Cooney faces a statutory maximum sentence of five years in prison.  He also faces a period of supervised release and monetary penalties. Pursuant to the plea agreement, Cooney has agreed to pay restitution of $1,311,904 to the United States. 

Successful Tax Advocates Specializing in unpaid Income, Sales and Payroll tax problems. We negotiate excellent Payment Plans, Release of Wage Garnishment and Bank Levy, Offers in Compromise, Audits, Suspended License, and all other Federal and State tax matters. Missing Tax Returns prepared and filed within 48 hours.  

Free Consultation Legally privileged consultations available Monday through Friday in our conveniently located New York City office. Discuss your case in confidence with an experienced Federal Tax Practitioner, CPCU and Attorney.  

Proven Results Practicing before the Internal Revenue Service and the New York State Department of Taxation and Finance. Effective Tax Representation, Tax Planning and Workers Compensation Audits. For immediate assistance call (212) 974-3435.

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Construction Companies NYSIF Premium Assessments, Workers Compensation and all other Insurance Audits. Specializing in Employee Misclassification, Unreported Income, Application Fraud, Experience Rating and other W/C violations. For immediate assistance call (212) 974-3435.

Tax Advisors Our strategic Tax Planning and Tax Advisory services are designed to help Business-owners significantly reduce their income tax liability in 2020 and beyond. Keep more of what you make. Schedule a Free Consultation by calling or contacting us online.

Monday, February 10, 2020

IRS Tax Withholding Estimator - IR-2020-09 Selig & Associates, Tax Representation, Workers Comp Audits





WASHINGTON — The Internal Revenue Service has launched a new and improved Tax Withholding Estimator, designed to help workers target the refund they want by having the right amount of federal income tax taken out of their pay.

The Tax Withholding Estimator, now available on IRS.gov, incorporates the changes from the redesigned Form W-4, Employee's Withholding Certificate, that employees can fill out and give to their employers this year.

The IRS urges everyone to see if they need to adjust their withholding by using the Tax Withholding Estimator to perform a Paycheck Checkup. If an adjustment is needed, the Tax Withholding Estimator gives specific recommendations on how to fill out their employer's online Form W-4 or provides the PDF form with key parts filled out.

To help workers more effectively adjust their withholding, the improved Tax Withholding Estimator features a customized refund slider that allows users to choose the refund amount they prefer from a range of different refund amounts. The exact refund range shown is customized based on the tax information entered by that user.

Based on the refund amount selected, the Tax Withholding Estimator will give the worker specific recommendations on how to fill out their W-4. This new feature allows users who seek either larger refunds at the end of the year or more money on their paychecks throughout the year to have just the right amount withheld to meet their preference.

The new Tax Withholding Estimator also features several other enhancements, including one allowing anyone who expects to receive a bonus to indicate whether tax will be withheld. In addition, improvements added last summer continue to be available, including mobile-friendly design, handling of pension income, Social Security benefits and self-employment tax.

Starting in 2020, income tax withholding is no longer based on an employee's marital status and withholding allowances, tied to the value of the personal exemption. Instead, income tax withholding is generally based on the worker's expected filing status and standard deduction for the year. In addition, workers can choose to have itemized deductions, the Child Tax Credit and other tax benefits reflected in their withholding for the year.

It is important for people with more than one job at a time (including families in which both spouses work) to adjust their withholding to avoid having too little withheld. Using the Tax Withholding Estimator is the most accurate way to do this. As in the past, employees can also choose to have an employer withhold an additional flat-dollar amount each pay period to cover, for example, income they receive from the gig economy, self-employment, or other sources that is not subject to withholding.
 For more information about the updated Tax Withholding Estimator and the redesigned 2020 Form W-4, visit Tax Withholding Estimator FAQs and the FAQs on the 2020 Form W-4.


Free Consultation Experienced Federal Tax Practitioner, CPCU and Attorney. Legally privileged consultations available Monday through Friday in our New York City offices. 

Proven Results Practicing before the Internal Revenue Service and New York State Department of Taxation and Finance. Successful Tax Representation, Workers Compensation Audits and Tax Planning Services. 

Effective Tax Advocates Specializing in unpaid Income, Sales and Payroll taxes. We negotiate excellent Payment Plans, Audits, Offers in Compromise and all other tax matters. Missing Tax Returns prepared and filed within 48 hours. For immediate assistance call (212) 974-3435.

Construction Companies NYSIF Premium Assessments, Workers Compensation and all other Insurance Audits. Specializing in Contested Audits, Employee Misclassification, Unreported Income, Application Fraud, Experience Rating and other W/C violations. 

Tax Advisors Our strategic Tax Planning and Tax Advisory services are designed to help Business-owners significantly reduce their income tax liability in 2020 and beyond. Keep more of what you make. Schedule a Free Consultation by calling or contacting us online.



Thursday, February 6, 2020

New Criminal Statutes for Unscrupulous Tax Preparers in a Nutshell


Proposal Creates Two New Crimes

·      Criminal tax preparation in the 1st degree, a Class C felony, for those accused of filing 50 or more returns knowing each return contains materially false information or omits material information with intent to evade or reduce a tax liability or to inflate a refund.    

·      Criminal tax preparation in the 2nd degree, a Class D felony, for those accused of filing 10 or more returns knowing each return contains materially false information or omits material information with intent to evade or reduce a tax liability or to inflate a refund.  




Free Consultation Experienced Federal Tax Practitioner, CPCU and Attorney. Legally privileged consultations available Monday through Friday in our New York City offices. 

Proven Results Practicing before the Internal Revenue Service and New York State Department of Taxation and Finance. Successful Tax Representation, Workers Compensation Audits and Tax Planning Services. 

Effective Tax Advocates Specializing in unpaid Income, Sales and Payroll taxes. We negotiate excellent Payment Plans, Audits, Offers in Compromise and all other tax matters. Missing Tax Returns prepared and filed within 48 hours. For immediate assistance call (212) 974-3435.

Construction Companies NYSIF Premium Assessments and Workers Compensation Insurance Audits. Specializing in Employee Misclassification, Unreported Income, Application Fraud, Experience Rating and other W/C violations. 

Tax Advisors Our strategic Tax Planning and Tax Advisory services are designed to help Business-owners significantly reduce their income tax liability in 2020 and beyond. Schedule a Free Consultation by calling or contacting us online.

Manhattan Restaurateur Pleads Guilty to Tax Evasion – He Should have hired SELIG & Associates


He concealed more than $2 Million in Business Income; Used Funds on Luxury Cars, High End Shopping and other Personal Expenses

The owner of a former New York City restaurant pleaded guilty to tax evasion today, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division, U.S. Attorney Geoffrey S. Berman for the Southern District of New York, and Chief of Internal Revenue Service- Criminal Investigation (IRS-CI) Jonathan D. Larsen.
“The defendant funded his lavish lifestyle by failing to pay legally obligated taxes thus causing harm to all Americans,” said Principal Deputy Assistant Attorney General Richard E. Zuckerman. “We remain committed to prosecuting tax criminals who refuse to pay their fair share.”
“As he admitted in court, restaurateur Adel Kellel cooked his books for years, skimming money from his restaurant and salting it away in personal accounts or using it for personal expenses,” said U.S. Attorney Geoffrey S. Berman for the Southern District of New York. “His scheme was a recipe for making millions in unreported income, but now he will have to pay for his gluttony.”
“When Mr. Kellel chose to hide millions of dollars from the IRS, he unfairly shifted the tax burden to honest American taxpayers,” said IRS-CI Chief Jonathan D. Larsen. “As we start the tax filing season, this is a stark reminder of the serious consequences of tax evasion, including potential imprisonment. IRS-CI will continue to be relentless in our mission to root out tax fraud.”
According to the Information and statements made in court, in 2011, Adel Kellel was the President and a minority owner of K&H Restaurant Inc. (K&H), which operated Raffles Bistro (Raffles), a restaurant located at a New York City-based hotel. From 2012 through 2015, Kellel was the sole owner of K&H. K&H’s gross receipts consisted primarily of: (1) credit card payments by Raffles customers; (2) cash payments by Raffles customers; and (3) check payments by the hotel for services that Raffles provided to hotel guests and patrons, including room service, banquets, and catering. 
From 2011 through 2015, Kellel concealed a substantial portion of K&H’s gross receipts by not fully reporting the cash received from Raffles’ customers. Kellel further hid the gross receipts by depositing cash into personal bank accounts, by spending funds directly on personal expenses, and by diverting checks paid by the hotel to K&H into non-business bank accounts that Kellel hid from his accountants. During this time, Kellel diverted more than 150 hotel checks, totaling more than $2 million, to more than a dozen bank accounts. 
Kellel used the diverted income for personal expenses, including: overseas transfers; condominium fees; rent for a high-end Manhattan apartment; college tuition payments from his children; shopping at luxury retailers, such as Hugo Boss and Saks Fifth Avenue; payments for luxury cars manufactured by Mercedes, Porsche, and Maserati; and to pay for domestic and international travel. 


Free Consultation Federal Tax Practitioner, CPCU and Attorney. Practicing before the Internal Revenue Service and New York State Department of Taxation and Finance. We provide our Clients with successful Tax Representation, Insurance Audit Advocacy and Tax Planning Services. Legally privileged consultations available Monday through Friday in our New York City offices. 

Tax Representation Specializing in unpaid Income, Sales and Payroll taxes. We negotiate excellent Payment Plans, Audits, Offers in Compromise, and all other tax matters. Expedited service. Missing Tax Returns prepared and filed within 48 hours. Proven results. Corporations, S-Corps and LLC’s. For immediate assistance call (212) 974-3435.  

Construction Company Owners We help Business Owners with NYSIF Premium Assessments and Workers Compensation Insurance Audits. Specializing in Employee Misclassification, Unreported Income, Application Fraud, Experience Rating, and other W/C violations. Schedule a Free legally privileged consultation today.

Tax Advisors Our strategic Tax Planning and Advisory services are designed to help Business Owners significantly reduce their income tax liability in 2020. Schedule a Free Consultation by calling or contacting us online.

Man Pleads Guilty to Tax Evasion - Better call Selig & Associates

A man pleaded guilty to tax evasion, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department...