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New York business owner facing tax fraud charges

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…

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…

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.…

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…

Doing business abroad? Three tax tips for entrepreneurs.

Doing business abroad can be beneficial, but entrepreneurs that are considering expanding abroad or who currently do so should be aware of tax implications. The Internal Revenue Service (IRS) has increased efforts to find and prosecute those who use foreign markets as…

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