How To Respond To IRS Notice CP59

How To Respond To IRS Notice CP59

As a taxpayer, you are legally obligated to file a tax return annually with the Internal Revenue Service. The IRS periodically examines its records to determine whether taxpayers have met this requirement. If the IRS cannot locate your tax return…

 Are Losses From Your Side Gig Deductible?

Are Losses From Your Side Gig Deductible?

Yes, if your side gig qualifies as a genuine business (with a profit motive) and meets both federal and New York State rules for deducting losses. That means you must show that your expenses directly relate to an active, profit-seeking…

 Criminal Tax Investigations: When to Seek Legal Counsel

Criminal Tax Investigations: When to Seek Legal Counsel

When you face signs of trouble from the Internal Revenue Service, or if you suspect that you are being examined for possible tax crimes, it may be time to speak with a lawyer who has experience in these matters. Early…

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