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.

Tuesday, October 15, 2019

NUTS & BOLTS Understanding Workers Comp Premium Assessments




This E-Book teaches you how to solve IRS tax problems in just seven minutes. Our instructional booklet is easy to read and straight to the point. With this information and our problem solving techniques, you can solve your IRS tax problem without having to hire an expensive accountant or attorney. In just seven minutes you will learn what to do, and how to do it. Topics include preparing and filing missing tax returns, establishing IRS payment plans, preparing and filing Offers in Compromise, requesting Penalty Abatements and obtaining Currently Not Collectable status. 



When an insurance company writes a policy for an employer, the classification rate, and assessment are all used to calculate premium. The insurance carrier requests an estimate of total annual payroll from the employer. The premium cost is the classification rate for a classification multiplied by every $100 of payroll, plus the assessment cost. Since the premium is based in part on payroll that is estimated at the beginning of the policy year, the final premium could be more or less, depending on the actual payroll at the end of the policy year. Adjustments are made at that time, resulting in either a refund or an additional charge. An employer who understates their payroll at the beginning of the policy may receive a smaller bill for a year or two, but once the policy is audited, the error will be caught and the employer will receive a large bill to pay for these "back" premiums. The employer is liable for all outstanding premium amounts that the employer owes, even if the policy has already been cancelled. If the understatement was intentional, it could be classified as fraud, a class E felony. 

Audit and NYSIF Representation Insurance Advocate CPCU and Attorney. We represent Construction Companies, Restaurants and Businesses before the NYSIF, Department of Labor, IRS and New York State Department of Taxation and Finance. Specializing in Workers Compensation Audits and Premium Disputes including employee misclassification, underreporting, failure to keep accurate payroll records, and other serious violations. To schedule a legally privileged consultation in our New York City offices call (212) 974-3435 or contact us through our Online Action Form @ TRUETAXHELP.COM


IRS and NYS Tax Representation We successfully resolve IRS and New York State tax problems. Specializing in unpaid and delinquent income, sales and payroll taxes. We represent Construction Companies, Restaurants, Businesses and Individuals and negotiate excellent payment plans, audit resolution, offers in compromise, and other large-dollar tax matters. Do you have unfiled tax returns? We can have them prepared and filed for you within 48 hours, guaranteed. To speak with a Federal Tax Practitioner and Attorney call (212) 974-3435 or contact us through our Online Action Form @ TRUETAXHELP.COM





This E-Book teaches you how to solve IRS tax problems in just seven minutes. Our instructional booklet is easy to read and straight to the point. With this information and our problem solving techniques, you can solve your IRS tax problem without having to hire an expensive accountant or attorney. In just seven minutes you will learn what to do, and how to do it. Topics include preparing and filing missing tax returns, establishing IRS payment plans, preparing and filing Offers in Compromise, requesting Penalty Abatements and obtaining Currently Not Collectable status. 

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Selig & Associates is a boutique Tax Representation and Risk Management Firm specializing in unpaid tax obligations and commercial insurance coverage

  Tax Advocacy      Federal Tax Practitioner, CPCU and Attorney. Practicing before the Internal Revenue Service and New York State Departmen...