Divorce can be challenging for many reasons, but one major concern is figuring out who pays the taxes when a marriage ends. In New York, the rules can be confusing, especially if you and your spouse filed joint tax returns…
When married taxpayers file jointly, which is often done because of certain benefits available to couples filing jointly, both taxpayers are jointly and severally liable for the tax and any additions to tax, interest, or penalties that arise from the…
It’s considered by many taxpayers to be one of the most frightening events that could happen related to their everyday business affairs. What is this frightening event? An IRS audit, of course. But is a tax audit really that scary…