The man who runs Wings Over Ithaca has been charged with 26 counts of felony sales tax evasion. The 47-year-old Massachusetts man recently pleaded not guilty to the charges against him in Albany City Court. Specifically, he's charged with second-degree criminal tax...
Month: October 2016
Offshore Voluntary Compliance Efforts Top $10 Billion; More Than 100,000 Taxpayers Come Back into Compliance
The IRS announced today in IR-2016-137- "As international compliance efforts pass several new milestones, the Internal Revenue Service reminds U.S. taxpayers with undisclosed offshore accounts that they should use existing paths to come into full compliance with their...
Who’s most likely to be audited?
If there's one thing that unites Americans, even amid a highly-contentious presidential election, it's the fear of an audit by the Internal Revenue Service. Realistically, your chances of being audited are very slim and dropping. Fewer than 1 percent of filers were...
Want to travel? You may have to pay the IRS first.
Legislation quietly passed last year in Congress may prevent you from traveling abroad if you owe a significant amount of tax debt. The law, initially proposed in 2012, did not gain overwhelming support from Congress and the President until 2015. The enactment, part...
How can bankruptcy affect your employment prospects?
One of the concerns that people have about filing for bankruptcy is how it will affect their employment prospects in the future. Employers cannot legally deny people employment or advancement due to something on their credit report. However, short of an employer...
New York father and son accused of sales tax theft
A father and son have been indicted for failing to pay over $1 million in sales taxes between 2011 and 2014 for the three Nassau County BP gas stations they own. They both could serve years in prison. This isn't the first tax fraud charge faced by the father. In 2012,...