The Bizarre New York Sales Tax

If we were forced to identify a tax which most consistently “falls under the radar,” we would have to select the New York sales tax. With sales tax, we can say that familiarity has certain ... Read more

A New York 1031 Exchange Tax Primer

When a taxpayer conducts a 1031 exchange, one point which should always be kept in mind is that this transaction may generate issues with state level taxation. Though it’s part of the federal ta ... Read more

The Shifting Sands of Bitcoin Taxation

The rise of bitcoin and other cryptocurrencies has brought about a whole new set of fascinating taxation issues. Currently, the market value of bitcoin is in the low $8,000 range – as of today i ... Read more

The Stats on IRS Audit Probability

For many citizens, receiving an IRS audit ranks among the most terrifying possibilities they can imagine. An IRS audit is undeniably a very stressful ordeal, one which requires a great ... Read more

The IRS & “Reasonable Collection Potential”

As we’ve discussed before, when the IRS considers an offer-in-compromise (or OIC) it will view the amount offered with reference to the taxpayer’s reasonable colle ... Read more

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