Tax Fraud – Prison Terms and Fines Explained

Tax Fraud – Prison Terms and Fines Explained

The Internal Revenue Service (IRS) doesn’t take tax fraud lightly. Each year, this serious federal offense costs the U.S. government billions in lost revenue, leading to aggressive prosecution and severe consequences for those convicted. Whether you’re facing allegations of tax…

 Penalty Abatements Policies – First Time and Recurring

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…

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

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…

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