The IRS has a number of weapons in its arsenal to collect past due taxes. One of the most drastic tools that the agency has is to place a lien on your property. When you receive notice that the IRS…
New York City is once again considering a major shift in how it taxes high-value real estate—specifically, luxury second homes owned by non-residents. The proposal, commonly referred to as a “pied-à-terre tax,” would impose an additional annual surcharge on certain…
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.…