A Public Service Announcement from the Good Folks @ SELIG & Associates (We solve Tax and Insurance Problems)

The IRS does not send unsolicited email, text messages or use social media to discuss your personal tax issues. If you receive a telephone call from someone claiming to be an IRS employee and demanding money, you should consult the IRS Tax Scams/Consumer Alerts webpage: http://www.irs.gov/uac/Tax-Scams-Consumer-Alerts. If you know you don’t owe taxes or have no reason to believe that you do, report the incident to the Treasury Inspector General for Tax Administration (TIGTA) at 1.800.366.4484 or at www.tigta.gov.

Stolen Identity Refund Fraud (SIRF) Enforcement

One of the Tax Division’s highest priorities is prosecuting people who use stolen identities to steal money from the United States Treasury by filing fake tax returns that claim tax refunds. Working to stop Stolen Identity Refund Fraud, or SIRF, is vital because these schemes threaten to disrupt the orderly administration of the income tax system for hundreds of thousands of law abiding taxpayers and have cost the United States Treasury billions of dollars.

SIRF crimes are often perpetrated by large criminal enterprises with individuals at all stages of the scheme: those who steal the Social Security Numbers (SSN) and other personal identifying information, those who file false returns with the Internal Revenue Service (IRS), those who facilitate obtaining the refunds, and the masterminds who promote the schemes. These criminal enterprises are able to exploit the speed and relative anonymity of highly automated systems for storing personal information, preparing and filing tax returns electronically, and generating income tax refunds quickly—often in the form of electronic payments.

Identities used in SIRF crimes may be stolen from anywhere.  For example, SIRF criminals have used Social Security Numbers stolen from hospitals, nursing homes, and public death lists, thereby exploiting some of the most vulnerable members of our communities, including the elderly, the infirm, and grieving families.  However, everyone with a Social Security Number is potentially vulnerable to having his or her identity stolen.  The IRS estimated that during the 2013 filing season alone, over 5 million tax returns were filed using stolen identities, claiming approximately $30 billion in refunds.  The IRS was able to stop or recover over $24 billion of that total, or approximately 81% of the fraudulent claims.

Typically SIRF perpetrators file the false returns electronically, early in the tax filing season so that the IRS receives the false SIRF return before legitimate taxpayers have time to file their returns. The SIRF perpetrators arrange to have the refunds electronically transferred to debit cards or delivered to addresses where they can steal the refund out of the mail.

SIRF crimes cross state borders, and increasingly, national borders. Successfully prosecuting the wrongdoers involves a national strategy of information sharing and coordinated prosecution. The nationwide reach of the Tax Division’s centralized criminal tax enforcement and its ability to coordinate closely with every United States Attorney’s Office, and through them with local law enforcement and police, makes it possible for the Government to respond efficiently and forcefully to the explosion of SIRF crimes. As part of this effort, the Division has established an Advisory Board of experienced prosecutors to develop and implement uniform national policies for fighting SIRF crimes.  The Tax Division also implemented expedited procedures for working with the United States Attorneys’ Offices on SIRF crimes to ensure the quickest possible investigation and prosecution of these cases and has worked with United States Attorneys’ Offices, the IRS, and other law enforcement agencies, to establish task forces in areas with a high concentration of SIRF crime.  Additionally, the Division works closely with the IRS to quickly share information obtained from SIRF investigations and prosecutions, which the IRS can use to make it more difficult for the schemes to be successful by blocking the false claims for refunds from being paid.

New York City Tax Advocates We 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.

Commercial Insurance Advocates Specializing in “Hard to Place” Insurance Protection including High-Risk Medical Malpractice Insurance.  *Contact us directly if you or your professional practice pays between $300,000 and $15,000,000 in annual insurance premiums. For additional information call (212) 974-3435.

We Solve Serious Insurance Problems Including Directors' and Officers' Liability Insurance, Errors and Omissions Insurance, Malpractice Insurance, Commercial Automobile Insurance, Workers' Compensation Insurance, Property Insurance, Boiler and Machinery Insurance, Debris Removal Insurance, Builder's Risk Insurance, Glass Insurance, Inland Marine Insurance, Business Interruption Insurance, Ordinance or Law Insurance, Tenant's Insurance, Crime Insurance, Fidelity Bonds and Liability Insurance.

Insurance Salesman Sentenced To Prison For Tax Fraud (He should have hired SELIG & Associates)

A Newington, Connecticut, insurance salesman was sentenced to 70 months in prison for tax fraud, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division.   

Terry DiMartino was convicted after a jury trial in March 2016 of one count of corruptly interfering with the due administration of the internal revenue laws, two counts of filing false tax returns and five counts of willfully failing to file tax returns.  DiMartino was an insurance salesman for numerous insurance companies located in Connecticut and elsewhere.  Despite earning millions of dollars in insurance commissions over the last decade, DiMartino did not file accurate tax returns or pay the taxes owed.

According to the evidence presented at trial, DiMartino attempted to obstruct the IRS by mailing false documents to the IRS, including three false tax returns for the 2007 tax year, one of which requested a fraudulent $14 million refund.  He sent false and threatening correspondence to the IRS in an attempt to defeat the IRS’s assessment, collection and investigative efforts.  He submitted false and threatening correspondence to insurance companies that sought to cooperate with the IRS collection activities.  DiMartino also set up nominee entities that he used to divert his insurance commissions.  He used the nominees to hide and conceal assets to prevent the IRS from collecting on his tax liabilities.  DiMartino has not filed an accurate individual income tax return since the 1996 tax year.

In addition to the term of imprisonment, U.S. District Court Judge Alvin W. Thompson ordered DiMartino to serve one year of supervised release and to pay $658,547.62 in restitution to the IRS.

Principal Deputy Assistant Attorney General Zuckerman commended special agents of IRS-Criminal Investigation, who investigated the case, and Tax Division Trial Attorney Jason M. Scheff and former Tax Division Trial Attorney Erin B. Pulice, who prosecuted the case.  The Tax Division expressed gratitude to the U.S. Attorney’s Office for the District of Connecticut for their assistance in the investigation and prosecution of this case.

New York City Tax Advocates We 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.

Commercial Insurance Advocates Specializing in “Hard to Place” Insurance Protection including High-Risk Medical Malpractice Insurance.  *Contact us directly if you or your professional practice pays between $300,000 and $15,000,000 in annual insurance premiums. For additional information call (212) 974-3435.

We Solve Serious Insurance Problems Including Directors' and Officers' Liability Insurance, Errors and Omissions Insurance, Malpractice Insurance, Commercial Automobile Insurance, Workers' Compensation Insurance, Property Insurance, Boiler and Machinery Insurance, Debris Removal Insurance, Builder's Risk Insurance, Glass Insurance, Inland Marine Insurance, Business Interruption Insurance, Ordinance or Law Insurance, Tenant's Insurance, Crime Insurance, Fidelity Bonds and Liability Insurance.

What the Hell is Workers' Compensation Insurance?

Workers' Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages. If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. Depending on state laws and contract requirements, you may need this policy to cover employees, contractors, freelancers, or even yourself.

Workers' Comp (formerly "workman's comp") emerged from a "grand bargain" between business owners and workers. Business owners were tired of being sued by injured workers. Workers were tired of being injured.

So Workers' Comp Insurance was designed to help pay for work injuries and illnesses without the rigmarole of a lawsuit. This liability policy can help your business do three things:

1.   Pay for medical expenses and replacement wages when employees are injured at work.

2.   Comply with state Workers' Comp laws.

3.   Pay for legal expenses if an employee sues over a work injury the policy doesn't cover.

Most states require employers to buy Workers' Compensation Insurance as soon as they hire their first employee. Even when that's not the case, it's smart to have this policy, because the cost of workplace injuries is substantial:

§  The average workplace injury claim costs $36,551Recovering from a workplace injury took a median of nine days in 2014, according to the Bureau of Labor Statistics [PDF].

§  Productivity losses come to about $2,660 per hourly worker, according to a report from workforce solution company Circadian.

The takeaway: workman's comp injuries cost small businesses in lost productivity. Without insurance, those costs would be compounded by employee medical expenses and missed wages.

Proven Results We solve Tax and Insurance problems quickly and quietly. Professional tax representation includes defense against tax crimes, tax evasion, failure to file a tax return and 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, statute of limitations, offer in compromise ("OIC"), administrative appeals, collection due process hearings ("CDP") asset protection trusts, tax liability settlement trusts, and most other tax matters.

Successful Tax Advocates We keep our clients out of court and out of prison. We practice before the Internal Revenue Service (“IRS”) the New York State Department of Taxation and Finance (“NYS”) the Department of Justice Tax Division (“DOJ”) and the Defense Office of Hearings and Appeals (“DOHA”). 

Conveniently Located Our offices are conveniently located at 147 West 35th Street (near Penn Station) and same day and emergency appointments are available. 

Professional Service To schedule a legally privileged consultation with an experienced Federal Tax Practitioner and licensed Attorney call Selig & Associates directly (212) 974-3435.  

We Settle Insurance Claims for Top Dollar In addition to our tax practice we settle large residential and commercial property insurance claims, including business interruption, burglary, fire, windstorm and water damage. 

Guaranteed We return telephone calls and answer emails promptly and we provide our clients with regular updates and status reports. 

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Who Needs Commercial Auto Insurance? (you do, that's who)

What is Commercial Auto Insurance?

Commercial Auto Insurance helps your business cover the financial costs resulting from an auto accident if you or an employee is found at fault. Commercial auto insurance helps pay for damaged property and medical expenses – even in the event of a fatal accident.

Commercial auto insurance will help protect you for example, if:

• An employee hits a pedestrian while driving a company truck and the pedestrian requires medical treatment that results in substantial bills.
• You accidentally swerve off the road while driving to work and take out a residential mailbox and have to pay for the damage.
• An employee driving to work accidentally hits another car and totals it.

Get a commercial auto quote today to learn how easily you can protect your business while on the road.

You need commercial auto insurance if your business:

• Owns, leases or rents vehicles such as cars and trucks.
• Has employees who drive their own vehicles to conduct business.
• Has employees who operate company vehicles that are leased, rented or owned.

For more information about Commercial Auto Insurance, call David SELIG directly at (212) 974-3435

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance, says David SELIG

Insurance companies selling business insurance offer policies that combine protection from all major property and liability risks in one package. (They also sell coverages separately.) One package purchased by small and mid-sized businesses is the businessowners policy (BOP). Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face.

BOPs include

1.    Property insurance for buildings and contents owned by the company -- there are two different forms, standard and special, which provides more comprehensive coverage.

2.    Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.

3.    Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles and your employees. For more information about BOPs, call David SELIG directly at (212) 974-3435

Accountants & Attorneys need Professional Liability Insurance, says David SELIG

Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability insurance may take on different forms and names depending on the profession, especially medical and legal, and is sometimes required under contract by other businesses that are the beneficiaries of the advice or service.

Coverage sometimes provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice.

For more information about Professional Liability Insurance, call David SELIG directly at (212) 974-3435

90% of all Environmental Losses are Uninsured – Over $1 Billion in Losses - Contractor Declares Bankruptcy - Financial Ruination – Better call SELIG (212) 974-3435

Contractor Pollution Liability Insurance protects contractors against financially catastrophic losses, says David Selig of Selig & Associates. Unfortunately, most insurance brokers and salesmen don’t even know it exists.  In today’s litigious environment, this type of insurance protection is a necessity because it insures contractors for bodily injury, property damage, clean up and defense costs resulting from exposures to pollutants while operating on the job site. For more information, call David SELIG at (212) 974-3435

Proven Results We solve tax & insurance problems quickly and quietly. 

Professional tax representation includes defense against tax crimes, tax evasion, failure to file a tax return and 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, statute of limitations, offer in compromise ("OIC"), administrative appeals, collection due process hearings ("CDP") asset protection trusts, tax liability settlement trusts, and most other tax matters.

Successful Tax Advocates We keep our clients out of court and out of prison. We practice before the Internal Revenue Service (“IRS”) the New York State Department of Taxation and Finance (“NYS”) the Department of Justice Tax Division (“DOJ”) and the Defense Office of Hearings and Appeals (“DOHA”). 

Conveniently Located Our offices are conveniently located at 147 West 35th Street (near Penn Station) and same day and emergency appointments are available. 

Professional Service To schedule a legally privileged consultation with an experienced Federal Tax Practitioner an Insurance Advisor and a licensed Attorney call Selig & Associates directly (212) 974-3435.  

We Settle Insurance Claims for Top Dollar In addition to our tax practice we settle large residential and commercial property insurance claims, including business interruption, burglary, fire, windstorm and water damage. 

Guaranteed We return telephone calls and answer emails promptly and we provide our clients with regular updates and status reports.