New York State Tax Archives - FREE Yourself from IRS Problems

Penalty Abatements Policies – First Time and Recurring

Many taxpayers feel uneasy when they open a letter from the IRS and see that they owe penalties. The good news is that the IRS offers opportunities to remove or reduce penalties in certain cases. If you have received a…

Shamsey Oloko January 16, 2025 Income Tax, Income Tax Return, New York Property Tax, New York Sales Tax, New York State Tax, Uncategorized 0

Tax Implications of Owning Digital Assets in New York: What the Latest IRS Guidance Means for You

Owning digital assets such as cryptocurrencies, NFTs, and stablecoins can feel exciting and full of possibilities. Yet, recent changes in IRS guidance may affect the way you buy, sell, and hold these assets in New York. Many people who trade…

Shamsey Oloko October 10, 2019 New York Sales Tax, New York State Tax, New York State Tax Law, Tax Evasion, Tax Fraud 0

Consequences of Not Paying New York Sales Tax

The State of New York dedicates substantial efforts and resources to ensure that business enterprises pay the sales tax they collect from patrons. Those New York businesses that fail to comply face a myriad of enforcement mechanisms by the New…