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.
And now he’s facing multiple felonies for allegedly failing to remit $488,000 in sales tax collected from customers
The New York State Department of Taxation and Finance and the Rockland County District Attorney’s Office announced the arrest and arraignment of the owner of D & D’s Restaurant and Pub, located at 191 South Main Street, New City, for allegedly failing to file sales tax returns and turn over more than $488,000 collected from customers. Thomas Schunke, 38, of 102 Robin Hood Lane, West Nyack, NY turned himself into investigators from the New York State Tax Department and the District Attorney’s office. He is charged with five felony counts of criminal tax fraud and one felony count of grand larceny. He’s accused of collecting $488,000 in sales tax from his customers from 2012 to 2018 and failing to pay that money to New York State, as required by law. In addition, he’s charged with failing to file sales tax returns from 2014 to 2018. He was arraigned at Rockland County Court on June 27 following a grand jury indictment. He is scheduled to return to court on July 3. “Business owners who disregard their obligation to pay the sales tax they collect violate the trust of their customers, deprive the communities where they operate of revenue needed for vital services, and put similar businesses at a competitive disadvantage,” said New York State Commissioner of Taxation and Finance Michael R. Schmidt. “We will continue to work closely with our partners in law enforcement to bring tax criminals to justice, and we thank the Rockland County District Attorney for prosecuting this case.” "As a matter of law, business owners must turn over sales taxes collected from customers,” said Acting Rockland County District Attorney Kevin Gilleece. “By purposefully evading his tax obligations, this defendant defrauded the state and all law-abiding taxpayers. My office will continue working with the New York State Department of Taxation and Finance to identify unscrupulous business owners and hold them accountable."
A criminal complaint is only an accusation; the defendant is presumed innocent until proven guilty.
Wetake a practical approach to problem solving and strive to obtain the best possible outcome for our clients.
New York City Tax Advocates we successfully resolve most IRS and New York State tax problems including suspended Drivers Licenses and Passports. We specialize in unpaid payroll, sales and income taxes and negotiate excellent installment agreements for businesses and individuals. To discuss your specific situation with an experienced Federal Tax Practitioner and Attorney please call us directly at (212) 974-3435 or contact us online.
Large Dollar Insurance Claims we settle insured property damage claims in the shortest amount of time and at the least cost to the policyholder and insurance company. Insurance litigation is costly and time consuming.Accordingly we provide policyholders and their insurance companies with a cost effective alternative to litigation. Commercial and residential insurance representation includes: Environmental Damage, Mold (removal & remediation) Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage.
Selig & Associates our offices are conveniently located in New York City and we meet with each and every client personally. To schedule a legally privileged consultation with a results driven Federal Tax Practitioner CPCU and Attorney please call us directly at (212) 974-3435.
The New York State Department of Taxation and Finance today announced felony charges against Belal Alshamiri, 29, of 753 James Street, Apartment 927, Syracuse, following an investigation into the distribution of untaxed cigarettes in Syracuse. Tax Department investigators executed a search warrant at Alshamiri’s storage unit, B&C Storage, 5991 Drott Dr., East Syracuse. They seized more than 955 cartons of contraband cigarettes, 85 counterfeit tax stamps, and more than $3,600 in cash from a storage unit and vehicle at that location. Town of Dewitt Police assisted in the execution of the warrant as well. Hundreds of counterfeit Viagra pills, several bags of the stimulant Khat, and more than 1,400 packets of synthetic cannabis were also seized and turned over to New York State Police and DEA investigators. Alshamiri was charged with felony Possession, Transport, or Sale of more than 30,000 Cigarettes, Criminal Tax Fraud, and Possession of a Forged Instrument. The Onondaga County District Attorney will prosecute this case.
“Those who evade our cigarette and tobacco products tax deprive communities and the state of revenue needed for vital services and put honest businesses at a competitive disadvantage,” said New York State Commissioner of Taxation and Finance Michael Schmidt. “We will continue to work with all our law enforcement partners to root out tax fraud and bring those responsible to justice.”
A criminal complaint is only an accusation; the defendant is presumed innocent until proven guilty.
Wetake a practical approach to problem solving and strive to obtain the best possible outcome for our clients.
Effective Tax Advocates We successfully resolve most civil and criminal tax problems including suspended Drivers Licenses and Passports. We provide practical solutions to difficult IRS and State tax problems. Specializing in unpaid sales and payroll taxes. We negotiate affordable installment agreements and if you have missing or unfiled tax returns we can have them prepared and filed for you within 48 hours guaranteed. For immediate assistance please call us directly at (212) 974-3435 or contact us online.
Large Insurance Claims We settle insured property damage claims in the shortest amount of time and at the least cost to the policyholder and insurance company. Insurance litigation is costly and time consuming.Accordingly we provide policyholders and insurance companies with a cost effective alternative to litigation. Commercial and residential insurance representation includes: Environmental Damage, Mold (removal & remediation) Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage.
Selig & Associates Our offices are conveniently located in New York City and we meet with each and every client personally. To schedule a legally privileged consultation with a results driven Federal Tax Practitioner CPCU and Attorney please call us directly at (212) 974-3435.
Dr. Gregory B. Shankman (Utica office) billed for giving workers-compensation exams on fully 150 days he was traveling elsewhere in New York — and even vacationing in Iceland.
Selig & Associates is a boutique Tax Representation and Insurance Claims settlement firm in New York City. To schedule a legally privileged consultation with a results driven Federal Tax Practitioner CPCU and Attorney, please call us directly at (212) 974-3435.
Wetake a practical approach to problem solving and strive to obtain the best possible outcome for our clients.
Effective Tax AdvocacyWe successfully resolve civil and criminal tax problems including suspended Drivers Licenses and Passports. We provide practical solutions to difficult IRS and State tax problems. Specializing in unpaid sales and payroll taxes. We negotiate affordable installment agreements and if you have missing or unfiled tax returns, we can have them prepared and filed for you within 48 hours guaranteed. For immediate assistance, call us directly at (212) 974-3435 or contact us online.
Insurance Claims We settle insured property damage claims in the shortest amount of time and at the least cost to the policyholder and insurance company. Insurance litigation is costly and time consuming.Accordingly, we provide policyholders and insurance companies with a cost effective alternative to litigation. Commercial and residential insurance representation includes: Environmental Damage, Mold (removal & remediation) Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage.
For more information about our Tax and Insurance Claims settlement services or to schedule a FREE consultation, call (212) 974-3435 or contact us online.
Jesus Cruz (Newburgh) burned down his store after inspectors cut off power due to code violations. Cruz lit up gasoline he spread around the main floor and basement.
Selig & Associates is a boutique Tax Representation and Insurance Claims settlement firm in New York City. To schedule a legally privileged consultation with a results driven Federal Tax Practitioner CPCU and Attorney, please call us directly at (212) 974-3435.
Wetake a practical approach to problem solving and strive to obtain the best possible outcome for our clients.
Effective Tax AdvocacyWe successfully resolve civil and criminal tax problems including suspended Drivers Licenses and Passports. We provide practical solutions to difficult IRS and State tax problems. Specializing in unpaid sales and payroll taxes. We negotiate affordable installment agreements and if you have missing or unfiled tax returns, we can have them prepared and filed for you within 48 hours guaranteed. For immediate assistance, call us directly at (212) 974-3435 or contact us online.
Insurance Claims We settle insured property damage claims in the shortest amount of time and at the least cost to the policyholder and insurance company. Insurance litigation is costly and time consuming.Accordingly, we provide policyholders and insurance companies with a cost effective alternative to litigation. Commercial and residential insurance representation includes: Environmental Damage, Mold (removal & remediation) Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage.
For more information about our Tax and Insurance Claims settlement services or to schedule a FREE consultation, call (212) 974-3435 or contact us online.
Did Yury B. really run unsafe flophouses that housed homeless people and addicts in the New York City area? Did he push many residents into unneeded drug rehab, force some to take drugs, and evict anyone who didn’t cooperate?
Selig & Associates is a Tax Representation and Insurance Claims Settlement firm. Don't be fooled by out of state companies, we are conveniently located in New York City, and we meet with each perspective client personally. To schedule a legally privileged consultation with a result driven Federal Tax Practitioner CPCU and Attorney, please call us directly at (212) 974-3435.
Selig & Associates is a Tax Representation and Insurance Claims Settlement firm. Don't be fooled by out of state companies, we are conveniently located in New York City and we meet with each and every client personally. To schedule a legally privileged consultation with a result driven Federal Tax Practitioner CPCU and Attorney please call us directly at (212) 974-3435.
Wetake a practical approach to problem solving and strive to obtain the best possible outcome for our clients.
Effective Tax AdvocacyWe successfully resolve most civil and criminal tax problems including suspended Drivers Licenses and Passports. We provide practical solutions to difficult IRS and State tax problems. Specializing in unpaid sales and payroll taxes. We negotiate affordable installment agreements and if you have missing or unfiled tax returns we can have them prepared and filed for you within 48 hours guaranteed. For immediate assistance please call us directly at (212) 974-3435 or contact us online.
Insurance Claims We settle insured property damage claims in the shortest amount of time and at the least cost to the policyholder and insurance company. Insurance litigation is costly and time consuming.Accordingly we provide policyholders and insurance companies with a cost effective alternative to litigation. Commercial and residential insurance representation includes: Environmental Damage, Mold (removal & remediation) Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage.
For more information about our Tax and Insurance Claims Settlement services or to schedule a FREE consultation, call (212) 974-3435 or contact us online.
Samuel Crawford (Canandaigua) burned down his vacant rental home because he was having problems leasing it due to code violations. Two adjacent homes also were damaged.
Selig & Associates is a boutique Tax Representation and Insurance Claims settlement firm in New York City. To schedule a legally privileged consultation with a results driven Federal Tax Practitioner CPCU and Attorney, please call us directly at (212) 974-3435.
Wetake a practical approach to problem solving and strive to obtain the best possible outcome for our clients.
Effective Tax AdvocacyWe successfully resolve civil and criminal tax problems including suspended Drivers Licenses and Passports. We provide practical solutions to difficult IRS and State tax problems. Specializing in unpaid sales and payroll taxes. We negotiate affordable installment agreements and if you have missing or unfiled tax returns, we can have them prepared and filed for you within 48 hours guaranteed. For immediate assistance, call us directly at (212) 974-3435 or contact us online.
Insurance Claims We settle insured property damage claims in the shortest amount of time and at the least cost to the policyholder and insurance company. Insurance litigation is costly and time consuming.Accordingly, we provide policyholders and insurance companies with a cost effective alternative to litigation. Commercial and residential insurance representation includes: Environmental Damage, Mold (removal & remediation) Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage.
For more information about our Tax and Insurance Claims settlement services or to schedule a FREE consultation, call (212) 974-3435 or contact us online.
A Federal grand jury indicted another dentist for tax evasion, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Scott C. Blader.
According to the indictment, Frederick G. Kriemelmeyer, 70, operated a dental practice In 2007, Kriemelmeyer was ordered by the U.S. District Court to pay $135,337 to the Internal Revenue Service (IRS) for unpaid individual income taxes. By December 2012, the IRS had assessed Kriemelmeyer more than $450,000 in taxes, interest and penalties. Beginning in approximately 2011, Kriemelmeyer allegedly took a number of actions to evade payment of this assessment. The indictment also charges that for the years 2013 through 2015 Kriemelmeyer failed to file tax returns and attempted to evade the taxes due on income from his dental practice. Kriemelmeyer allegedly sought to conceal his income from the IRS, by among other things, directing his patients to pay in cash or with personal checks that left the payee line blank and by paying his business and personal expenses with cash and third-party checks.
An indictment merely alleges that crimes have been committed. A defendant is presumed innocent until proven guilty beyond a reasonable doubt.If convicted, Kriemelmeyer faces a statutory maximum sentence of five years in prison for each of the tax evasion counts.
Selig & Associates is a boutique Tax Representation and Insurance Claims settlement firm in New York City. To schedule a legally privileged consultation with a results driven Federal Tax Practitioner CPCU and Attorney, please call us directly at (212) 974-3435.
Wetake a practical approach to problem solving and strive to obtain the best possible outcome for our clients.
Effective Tax AdvocacyWe successfully resolve civil and criminal tax problems including suspended Drivers Licenses and Passports. We provide practical solutions to difficult IRS and State tax problems. Specializing in unpaid sales and payroll taxes. We negotiate affordable installment agreements and if you have missing or unfiled tax returns, we can have them prepared and filed for you within 48 hours guaranteed. For immediate assistance, call us directly at (212) 974-3435 or contact us online.
Insurance Claims We settle insured property damage claims in the shortest amount of time and at the least cost to the policyholder and insurance company. Insurance litigation is costly and time consuming.Accordingly, we provide policyholders and insurance companies with a cost effective alternative to litigation. Commercial and residential insurance representation includes: Environmental Damage, Mold (removal & remediation) Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage.
For more information about our Tax and Insurance Claims settlement services or to schedule a FREE consultation, call (212) 974-3435 or contact us online.
Workers' Compensation Insuranceand Disability Insurance are required by New York State if you have any employees. Workers' compensation covers employees for loss of income and medical expenses through job related accidents, while disability insurance covers them for loss of income if they become disabled off the job.
Selig & Associates is a Tax Representation and Insurance Claims settlement firm in New York City.Same day and emergency appointments are available Monday through Friday. To schedule a legally privileged consultation call (212) 974-3435 or contact us online.
We successfully resolve most Civil and Criminal tax problems including suspended Passports and Drivers Licenses. We specialize in unpaid income, sales and payroll taxes and provide practical solutions to difficult tax 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. For immediate assistance call (212) 974-3435 now.
Is your Insurance Company treating you unfairly? Have they offered you substantially less than your claim is worth? If the answer is yes, then call us directly. We successfully settle most first-party insurance claims without ever having to go to court. Commercial and residential insurance representation includes: Environmental Damage, Mold Removal, Remediation & Restoration claims, Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage. To consult with us personally call (212) 974-3435 or contact us online.
Our mission is to determine and achieve the desired outcome through transactional negotiations. We take a practical approach to problem solving and continuously evaluate the likelihood of success, the potential consequences, and the costs associated with taking, or failing to take a particular action. For additional information about our services call (212) 974-3435.
Another great article from James Murphy [an amazing freelance journalist] published in the New American 21 June 2019
High-tax states such as New York and California can expect more high-income residents to flee to lower tax states such as Texas or Florida, according to some experts. Punitive state and local taxes and changes to existing tax laws, most notably the new cap on deductions for state and local taxes — the so-called SALT deductions — are forcing residents of high-tax states to rethink where they wish to live. Thenew $10,000 dollar cap on SALT deductions, a part of the Tax Cuts and Jobs Act signed by President Trump in December of 2017, will probably be a huge reason for the flight from tax hells. It’s already having an impact on some tax returns. And state workarounds that allowed taxpayers to make charitable donations to established state funds in order to earn credits have also beenquashedby the Treasury Department. So tax loopholes are disappearing now as well. New York Governor Andrew Cuomo called the Treasury Department’s actions “diabolical.”“It took a few months for taxpayers to realize the dollar implications — until they actually filed their tax returns this year,” Alan Goldenberg of accounting firm Friedman LLP told Fox Business. “It quantified the impact of the loss of the SALT deduction when people saw it in front of their eyes on their tax return.” Goldenberg has already seen some clients relocate to more tax-friendly states. Typically, these are people with more than one home, whose profession does not require them to live in a certain location. So the cap on SALT deductions represents a de-facto tax increase for high earners in states such as New York and California. And states such as Texas, Florida, and Nevada — none of which have a state income tax — will likely see an influx of new, high-earning residents. Economists Arthur Laffer and Stephen Moore have estimated that in the next three years, some 800,000 over-burdened taxpayers will leave New York and California. And it won’t only be California and New York, but other tax hells, such as Connecticut, New Jersey, and Minnesota, will see high-income residents move to spots more tax friendly. It’s not only individuals looking to move either. Businesses that are not location-specific are also looking to escape burdensome state income taxes. “In years to come, millions of people, thousands of businesses and tens of billions of dollars of net income will flee high-tax blue states for low-tax red states,” Laffer and Moore wrote in an op-ed for the Wall Street Journal. While acknowledging that the exodus has been underway for some time now, Laffer and Moore believe that the cap on SALT deductions is going to intensify the money migration. According to Laffer and Moore, residents of California will see an increase in the effective income-rate [the income-tax rate that people actually pay] has risen from 8.5 percent to 13 percent. Wealthy New York City dwellers have seen their effective rate climb from 7.7 percent to 12.7 percent. Other states such as Connecticut and New Jersey have seen similar hikes. Those earning $10 million or more may see tax increases of 50 percent or more. Other economists disagree. Leftist Stanford University economist and sociologist Cristobal Young called Laffer and Moore’s assertions “pure nonsense.” Young cites his own study on the subject as proof of this. “There is no correlation between top tax state tax rate and the number (or rate) of millionaires in a state,” Young said. According to Young, the people most affected by the high taxes are “late-career working rich” who are less likely to move because they are “embedded in place for a host of social and economic reasons.” Perhaps, but some of the anecdotal evidence we already see is hard to dispute. Consider the case of Connecticut. After tax hikes signed by Governor Dan Malloy took effect, the state saw many of its wealthiest residents including Thomas Peterffy (worth $20 billion), C. Dean Metropoulos (worth $2 billion), Paul Tudor (worth $4 billion) and Edward Lampert (worth $3 billion) flee to Florida where there is no state income tax. Generally, people understand paying income tax. They may not like it, but they understand it. But as New York, California, and other high-tax states are finding out, there is a limit to which people and businesses can be pushed. When that limit is reached, people will go to states where they and their businesses are welcomed, rather than punished. By punishing their highest earners with absurdly high tax rates, these high tax states are shooting themselves in the foot.
Selig & AssociatesWe are a boutique Tax Representation and Insurance Advocacy Firm in New York City. Our offices are conveniently located and easily accessible by car, subway or train. Same day and emergency appointments are available Monday through Friday between the hours of 9:00 a.m. and 5:00 p.m. To schedule a legally privileged consultation with David Selig, Federal Tax Practitioner, CPCU, Claims Adjuster and Attorney Bradley H. Dorin, call (212) 974-3435 or contact us online. Your initial consultation is absolutely Free.
Tax RepresentationOur 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. We specialize in unpaid income, sales and payroll taxes and provide practical solutions to difficult tax 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. For immediate assistance call (212) 974-3435 now.
Insurance ClaimsIs your Insurance Company treating you unfairly? Have they offered you substantially less than your claim is worth? If the answer is yes, then call us directly. We successfully settle most first-party insurance claims without ever having to go to court. Commercial and residential insurance representation includes: Environmental Damage, Fire, Business Interruption, Burglary, Vandalism, Windstorm and Water Damage. To consult with David Selig, CPCU, Claims Adjuster and Attorney Bradley H. Dorin, call (212) 974-3435 or contact us online.
About Selig & AssociatesOur primary skillset is the ability to determine and achieve the desired outcome through transactional negotiations. We take a practical approach to problem solving and continuously evaluate the likelihood of success, the potential consequences, and the costs associated with taking, or failing to take a particular action. For additional information about our services call (212) 974-3435.
A federal grand jury returned an indictment charging a husband and wife with conspiring to defraud the Internal Revenue Service (IRS) and multiple counts of filing false tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and United States Attorney David C. Joseph.
According to the indictment, Robert and Donna Poimboeuf owned and operated D&G Holdings LLC (D&G), a company providing laboratory and mobile phlebotomy services. For the 2011 through 2015 tax years, the Poimboeufs allegedly underreported their income and gross receipts from D&G on their joint personal federal income tax returns by submitting false information to two separate tax return preparers that omitted bank accounts and Forms 1099 that the accountants needed to accurately report their taxable income. The indictment charges that the Poimboeufs also improperly classified business receipts as non-taxable loan proceeds in an effort to reduce their income.
If convicted, Robert and Donna Poimboeuf each face a maximum sentence of five years in prison on the conspiracy counts and three years in prison on each false return count. The Poimboeufs also face a period of supervised release and monetary penalties. An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.
IRS-Criminal Investigation investigated the case. First Assistant U.S. Attorney Alexander Van Hook and Trial Attorney Kevin Schneider of the Tax Division are prosecuting the case.
Are You in Trouble with the IRS and State?To schedule a free, legally privileged consultation with a Federal Tax Practitioner and Attorney in our conveniently located New York City office, call (212) 974-3435 or contact us online. *Same day and emergency appointments are available Monday through Friday.
✔Missing tax returns prepared and filed in 48 hours, guaranteed.
✔We negotiate excellent re-payment plans with the IRS and State.
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On July 1, Gov. Phil Murphy signed into law a tax amnesty measure that offers relief to many taxpayers in a variety of situations and will help bridge the revenue shortfall in the state budget. It requires the Director of the Division of Taxation to establish a period not exceeding 90 days in duration, which shall end no later than Jan. 15, 2019. Anyone behind on taxes owed for the time period between Feb. 1, 2009, and Sept. 1, 2017, would be eligible to participate, as long as they are not under criminal investigation.
Similar to New Jersey’s prior six amnesty initiatives, the new law provides for complete forgiveness of all penalties and one-half of the balance of accrued interest that is due as of Nov. 1, 2018, in return for non-refundable payment of the tax and remaining one-half of accrued interest due, and a waiver of the right to appeal any liability paid under amnesty.
Additionally, a significant aspect of this amnesty law is that it not only applies to un-assessed amounts, but also to amounts currently under audit or being contested with the Division of Taxation, either at its Conference Branch or in the New Jersey Tax Court.
The new law applies to all state taxes administered by the Division of Taxation (e.g., gross income, sales and use tax, corporate business tax, motor fuels and so on) but does not apply to unemployment-type taxes administered by the Department of Labor.
Specifically, it applies to state tax liabilities for tax returns due on and after Feb. 1, 2009, and prior to Sept. 1, 2017. Consequently, for example, it can be used to obtain relief for a taxpayer’s 2009 through 2016 gross income tax, corporate business tax returns, and for all sales and use tax quarters ending Dec. 31, 2009, through June 30, 2017.
The Division of Taxation has not yet announced starting date for the amnesty period, which must end by Jan. 15, 2019. Thus, the taxpayers will have to make an amnesty payment within the time period established by the Director to take advantage of amnesty relief.
SELIG & Associates. Aggressive Tax AdvocatesWe Solve Serious Tax Problems. For a FREE legally privileged consultation with a Federal Tax Practitioner and licensed Attorney call (212) 974-3435
Real SolutionsWe solve Income, Payroll and Sales Tax Problems. For a FREE legally privileged consultation with a Federal Tax Practitioner and licensed Attorney call (212) 974-3435 or through our Confidential Contact Form.
The Office of the Inspector General at the U.S. Department of Justice made public a report on the Federal Bureau of Prisons’ (BOP) management of its female population.
One expert found the results “damning” and another found them “horrifying.”
The report found a lack of access to basic needs for female inmates.
A majority of female inmates in prisons across the U.S. have not been provided basic needs, including feminine hygiene products and access to trauma and pregnancy programs, a Department of Justice (DOJ) investigation into the Federal Bureau of Prisons’ (BOP) management of its female inmate population revealed in a report made public Tuesday.
“Our review identified instances in which BOP’s programming and policy has not fully considered the needs of female inmates, which has made it difficult for inmates to access certain key programs and supplies,” Justice Department Inspector General Michael Horowitz’s report states. While female inmates made up just 7 percent of the total BOP sentenced inmate population of 146,084 as of September 2016, correctional officers have noticed that females have much different, and in some cases stronger, needs. One of the main conclusions from the report, which gathered information between 2012 and 2016, was that while about 90 percent of women are affected by physical and emotional trauma early on in their incarceration, the BOP was unable to provide its trauma treatment program to all eligible female inmates because it only staffed one program director to each institution.
Is Your Insurance Company Taking Advantage of You?David Selig settles residential and commercial property insurance claims, including business interruption, burglary, fire, windstorm and losses caused by water damage. For more information call David Selig at (212) 974-3435.
Majortax reformwas approved by Congress in theTax Cuts and Jobs Act(TCJA) on December 22, 2017. The IRS is working on implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available. Check this page for updates and resources.
IR-2018-149, July 12, 2018 — Before starting a summer job, taking a vacation or sending the kids off to camp, the IRS wants taxpayers to know that some summertime activities may qualify for tax credits or deductions.
IR-2018-145, June 28, 2018 — Taxpayers who owed additional tax when they filed their 2017 federal tax return earlier this year can avoid another unexpected tax bill next year by doing a “paycheck checkup” as soon as possible, according to the IRS.
IR-2018-139, June 15, 2018 – People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers, according to the Internal Revenue Service.
IR-2018-138, June 14, 2018 — With tax reform bringing major changes for the year ahead, the IRS today reminded self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the second estimated tax payment for 2018 is due on Friday, June 15, 2018.
IR-2018-137, June 14, 2018 — With more than 2 million Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2018, the IRS today urged affected taxpayers to submit their renewal applications soon to beat the rush and avoid refund delays next year.
IR-2018-134, June 8, 2018 — A private college or university, subject to the new 1.4 percent excise tax on net investment income, that sells property at a gain generally may use the property’s fair market value at the end of 2017 as its basis for figuring the tax on any resulting gain, the IRS said today.
IR-2018-131, June 4, 2018 — The Internal Revenue Service (IRS) today announced that it will waive certain late-payment penalties relating to the section 965 transition tax, and provided additional information for individuals subject to the section 965 transition tax regarding the due date for relevant elections.
IR-2018-127, May 25, 2018 – The Internal Revenue Service today provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect: move related vehicle expenses; un-reimbursed employee expenses; and, vehicle expensing.
IR-2018-126, May 25, 2018 — Individuals and businesses have additional time to file an administrative claim or to bring a civil action for wrongful levy or seizure, according to the Internal Revenue Service.
IR-2018-124, May 24, 2018 – The Internal Revenue Service urges two-income families and those who work multiple jobs to complete a “paycheck checkup” to verify they are having the right amount of tax withheld from their paychecks.
IR-2018-122, May 23, 2018 — The U.S. Department of the Treasury and the Internal Revenue Service issued a notice today stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes.
IR-2018-120, May 16, 2018 — The IRS encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.”
IR-2018-118, May 9, 2018 – The Internal Revenue Service today encouraged taxpayers who work seasonal jobs or are employed part of the year to visit the Withholding Calculator and perform a “paycheck checkup.”
IR-2018-110, May 2, 2018 — The IRS is highlighting a variety of online resources to help small business owners and self-employed individuals as part of National Small Business Week from April 29 to May 5.
IR-2018-109, May 2, 2018 — In recognition of National Small Business Week, April 29 to May 5, the IRS is highlighting several resources to help small business owners and self-employed individuals understand and meet their tax obligations.
IR-2018-107, April 26, 2018 – The Internal Revenue Service today announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who contribute to a Health Savings Account (HSA).
IR-2018-104, April 26, 2018 – The Internal Revenue Service today described the new information reporting requirements for certain life insurance contracts under new IRC 6050Y, which was added by the Tax Cuts and Jobs Act (TCJA).
IR-2018-99, April 16, 2018 – Many U.S. corporations elect to use a fiscal year end and not a calendar year end for federal income tax reporting purposes.
IR-2018-95, April 13, 2018 – U.S. Armed Forces members who served in the Sinai Peninsula of Egypt may qualify for combat zone tax benefits retroactive to June 2015, according to the Internal Revenue Service.
IR-2018-94, April 13, 2018 — The Internal Revenue Service has updated the tax year 2018 annual inflation adjustments to reflect changes from the Tax Cuts and Jobs Act (TCJA). The tax year 2018 adjustments are generally used on tax returns filed in 2019.
IR-2018-93, April 13, 2018 — With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded the many self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the first estimated tax payment for 2018 is due on Tuesday, April 17, 2018.
IR-2018-82, April 2, 2018 ― The Treasury Department and the IRS today issued Notice 2018-28, which provides guidance for computing the business interest expense limitation under recent tax legislation enacted on Dec. 22, 2017.
IR-2018-81, April 2, 2018 ―The Treasury Department and the IRS today issued guidance regarding the withholding on the transfer of non-publicly traded partnership interests under the recently enacted Tax Cuts and Jobs Act.
IR-2018-80, April 2, 2018 — The IRS today encouraged several key groups of taxpayers to perform a “paycheck checkup” to check if they are having the right amount of tax withholding following recent tax-law changes.
IR-2018-79, April 2, 2018 — The Treasury Department and the Internal Revenue Service today provided additional guidance (Notice 2018-26) for computing the “transition tax” on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act enacted on Dec. 22, 2017.
IR-2018-73, March 26, 2018 — Launching a special week of activities, the IRS today continued its effort to encourage taxpayers to do a “paycheck checkup” to make sure they have the right amount of tax taken out of their paychecks for their personal situation.
IR-2018-53, March 13, 2018 — The Internal Revenue Service today provided additional information to help taxpayers meet their filing and payment requirements for the section 965 transition tax.
IR-2018-37, March 1, 2018 — The IRS announced today that S corporations are subject to the extended three year holding period for applicable partnership interests and that regulations will be issued soon.
IR-2018-36, Feb. 28, 2018 — The IRS today released an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help taxpayers check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in December.
IR-2018-25, Feb. 13, 2018 — The Treasury Department and the IRS today announced modifications to the procedures for changing the accounting period of foreign corporations owned by U.S. shareholders that are subject to the transition tax under the Tax Cuts and Jobs Act.
IR-2018-19, Feb. 6, 2018 - The Internal Revenue Service today announced that the Tax Cuts and Jobs Act of 2017 does not affect the tax year 2018 dollar limitations for retirement plans announced in IR 2017-177 and detailed in Notice 2017-64.
IR-2018-16, Jan. 30, 2018 — The Internal Revenue Service today reminds Alaska Native Corporations and Alaska Native Settlement Trusts that they may be able to take advantage of certain benefits in the recently enacted tax reform legislation.
IR-2018-09, Jan. 19, 2018 — The Treasury Department and the Internal Revenue Service (IRS) today provided additional guidance (Notice 2018-13) for computing the “transition tax” on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act.
IR-2018-05, Jan. 11, 2018 — The Internal Revenue Service today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month.
IR-2017-212, Dec. 29, 2017 — The Treasury Department and the Internal Revenue Service today issued Notice 2018-07, which provides guidance for computing the “transition tax” under recent tax legislation enacted on Dec 22, 2017.
IR-2017-210, Dec. 27, 2017 — The Internal Revenue Service advised tax professionals and taxpayers today that pre-paying 2018 state and local real property taxes in 2017 may be tax deductible under certain circumstances.
Publication 5292, How to Calculate Section 965 Amounts and Elections Available to Taxpayers
Guidance
Rev. Proc. 2018-35, Changes in accounting periods and in methods of accounting (Expensing of certain cost of replanting citrus plants lost by reason of casualty.)
Rev. Proc. 2018-29,New automatic method changes to conform with FASB Topic 606 (Provides new automatic method changes and requests comments on those new changes and on future guidance for taxpayers changing their method of accounting to comply with amended § 451.)
Rev. Proc. 2018-27, Modifies the annual limitation on deductions for contributions to Health Savings Accounts (HSAs) allowed for individuals with family coverage under a high deductible health plan (HDHP)
Rev. Proc. 2018-26, 601 Rules and regulations - certain remedial actions that issuers of State and local tax-exempt bonds and other tax-advantaged bonds may take
Rev. Proc. 2018-25, Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability (Depreciation of passenger automobiles under 280F.)
Rev. Rul. 2018-13, Section 807 — Rules for Certain Reserves (This information is to be used by insurance companies in computing reserves.)
Rev. Rul. 2018-11, Section 1274A — Special Rules for Certain Transactions Where Stated Principal Amount Does Not Exceed $2,800,000 (2018 adjustment for inflation under § 1274A for qualified and cash method debt instruments.)
Notice 2018-61, Clarification Concerning the Effect of Section 67(g) on Trusts and Estates
Notice 2018-55, Guidance on the Calculation of Net Investment Income for Purposes of the Section 4968 Excise Tax Applicable to Certain Private Colleges and Universities
Notice 2018-54, Guidance on Certain Payments Made in Exchange for State and Local Tax Credits
Notice 2018-48, Designated Qualified Opportunity Zones under Internal Revenue Code § 1400Z-2
Notice 2018-43, Public Comment Invited on Recommendations for 2018-2019 Priority Guidance Plan
Notice 2018-42, Update of 2018 Standard Mileage Rates Notice
Notice 2018-41, Information Reporting for Certain Life Insurance Contract Transactions and a Modification to the Transfer for Valuable Consideration Rules
Notice 2018-38, 2018 Fiscal-year Blended Tax Rates for Corporations
Notice 2018-37, Guidance in Connection with the Repeal of Section 682 (Tax Treatment of alimony and separate maintenance payments.)
Notice 2018-35, Changes in accounting periods and method of accounting (Transitional guidance under sec. 451 related to inclusion of income associated with advance payments.)
Notice 2018-30, Modification of Notice 2003-65 (Effect of first year depreciation on recognized built-in gains and recognized built-in losses.)
Notice 2018-29, Guidance Regarding the Implementation of New Section 1446(f) for Partnership Interests That Are Not Publicly Traded (Withholding on dispositions.)
Notice 2018-28, Initial Guidance Under Section 163(j) as Applicable to Taxable Years Beginning After December 31, 2017 (Limitation on deduction of business interest expense.)
Notice 2018-26, Additional Guidance Under Section 965; Guidance Under Sections 62, 962, and 6081 in Connection With Section 965; and Penalty Relief Under Sections 6654 and 6655 in Connection with Section 965 and Repeal of Section 958(b)(4) (Treatment of deferred foreign income including relief from estimated tax penalties.)
Notice 2018-23, Transitional Guidance Under§§162(f) and 6050X with Respect to Certain Fines, Penalties, and Other Amounts (Denial of deduction for fines or penalties for violation of the law.)
Notice 2018-18, Guidance Under Section 1061, Partnership Interests Held in Connection with Performance of Services
Notice 2018-13, Additional Guidance Under Section 965 and Guidance Under Sections 863 and 6038 in Connection with the Repeal of Section 958(b)(4) (Guidance regarding deferred foreign income.)
Notice 2018-08, Revised Timeline and Other Guidance Regarding the Implementation of New Section 1446(f)
Notice 2018-07, Guidance under Section 965 (Deferred Foreign Income Corporations)
The Tax Cut and Jobs Act, Pub. Law No. 115-97, made the following change: - effective December 23, 2017, certain payments made by an aircraft owner (or, in certain cases, a lessee) related to the management of private aircraft are exempt from the excise taxes imposed on taxable transportation by air.
The Tax Cut and Jobs Act, Pub. L. No. 115-97, made the following change - the basic exclusion amount for an estate tax return for a 2018 date of death increases to $10,000,000, before taking into account the necessary inflation adjustment.
The Tax Cuts and Jobs Act, Section 1031 changed like-kind exchanges and now it applies only to exchanges of real property and not to exchanges of personal or intangible property. An exchange of real property held primarily for sale still does not qualify as a like-kind exchange.
The Tax Cuts and Jobs Act, signed December 22, 2017, affects the Rehabilitation Tax Credit for amounts that taxpayers pay or incur for qualified expenditures after December 31, 2017.
Taxpayers other than corporations may be entitled to a deduction of up to 20 percent of their qualified business income from a qualified trade or business under the Tax Cuts and Jobs Act.
Refund payments and credit elect and refund offset transactions processed on or after Oct. 1, 2017 and on or before Sept. 30, 2018 will be reduced by the fiscal year 6.6 percent sequestration rate, irrespective of when the IRS received the original or amended tax return.
The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries). Funds from these 529A ABLE accounts can help designated beneficiaries pay for qualified disability expenses. Distributions are tax-free if used for qualified disability expenses.
The Tax Cuts and Jobs Act of 2017 increases the amount of contributions allowed to an ABLE account, allows the beneficiary to claim the saver’s credit and allows rollovers in limited amounts from a 529 qualified tuition program.
Historic tax reform was passed by Congress in the Tax Cuts and Jobs Act on Dec. 22, 2017. The IRS is working to educate taxpayers about important changes included in this legislation. One change significant for certain state legislators is the suspension of miscellaneous itemized deductions, which include unreimbursed travel expenses.
Additional Information for Tax Professionals and Partners
The IRS is working to update its tax forms to reflect Public Law 115-97, Tax Cuts and Jobs Act. Additional information and updates will be posted on the Legislative Impact on Tax Forms page.
The 2017-2018 Priority Guidance Plan contains guidance projects that we hope to complete during the twelve-month period from July 1, 2017, through June 30, 2018 (the plan year).
New York City Tax AdvocatesWe Keep Our Clients Out of Court and Out of Prison. We practice before the Internal Revenue Service, the New York State Department of Taxation and Finance, the Department of Justice Tax Division and the Defense Office of Hearings and Appeals.To speak with a Federal Tax Practitioner and licensed Attorney call (212) 974-3435.
We Solve Serious Tax Problems Including Tax Crimes, Tax Evasion, Failure to File a Tax Return, Criminal Non-Filing, Filing False Tax Returns, Installment Agreements, Partial Payment Agreements, Audits, Sales Tax Controversies, Wage Garnishments, Bank Levies, Seizure of Property, Innocent Spouse Relief, Trust Fund Recovery Penalty, Payroll Taxes, Offers in Compromise, Administrative Appeals, Collection Due Process Hearings, Asset Protection Trusts, Tax Liability Settlement Trusts, and most other tax matters.
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