For many taxpayers, receiving the results of an IRS audit feels like the end of the road. After months of document requests, interviews, accounting reviews, and explanations, the IRS auditor proposes additional taxes, penalties, or adjustments that may feel overwhelming.…
For many taxpayers and business owners, the end of a New York State tax audit feels like the finish line. Unfortunately, it often is not. After weeks—or even years—of responding to document requests, answering auditor questions, and negotiating findings, many…
At Thorgood Law Firm, we deeply appreciate the sacrifices made by veterans. To honor their service, New York State offers numerous valuable tax breaks and financial benefits. Below, we outline ten important tax-related benefits that veterans should know about. 1.…