Corporate Officer Liability and Trust Fund Recovery Penalty Cases
As a result of the decades of prior government experience members of our firm possess, including employment in the IRS Audit Division, as well as IRS Counsel’s Office, Andreozzi Bluestein LLP is extremely well versed in how to best deal with an IRS audit.
Corporate Officer Liability and Trust Fund Recovery Penalty Cases
As a result of the decades of prior government experience members of our firm possess, including employment in the IRS Audit Division, as well as IRS Counsel’s Office, Andreozzi Bluestein LLP is extremely well versed in how to best deal with an IRS audit.
A corporation has many of the same legal rights and obligations as do individuals. One advantage of incorporating is that it is an entity that is separate and distinct from the individuals who own and control it. In most cases, these individual owners have limited or no legal exposure for the corporation’s liabilities.
However, this is not true when a corporation owes certain types of taxes to the federal and state taxing authorities. If a corporation owes “trust fund taxes” which are taxes that are required to be collected on behalf of the government, such as payroll taxes or sales tax, corporate officers and others in positions of authority face personal exposure. If you are an owner, officer or responsible person for a corporation that owes trust fund taxes to the IRS or New York State, call the attorneys at Andreozzi Bluestein LLP.
Latest News
Planning to file a Delinquent 1120F Return? Make sure you know the Risks.
By: Lou Carlow On February 1, 2018 the Commissioner of Internal Revenue, Large Business and International Division (LB&I) issued a memorandum providing guidelines for handling delinquent Forms 1120-F and requests for waivers ...
Read moreTAKE NOTICE!
By: Royston Mendonza, Esq. The IRS has a repository of hundreds of notices that it issues to Taxpayers for a variety of issues. In fact, a statement of IRS notice codes released in 2002 is 120 pages long. Many of these notices, ...
Read moreAre 2018 State and Local Real Property Taxes Paid in 2017 deductible or not? The Answer’s in the Statute.
By: John L. Marien On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act. In light of the various tax cuts contained in the revisions to the Internal Revenue Code, Congress was compelled to formulate ...
Read moreRecent Tax Court Ruling Limits Statute of Limitations for Foreign Account Reporting
By: Tiffany D. Bell, Esq. In 2010, Congress added to the anxiety of tax practitioners when it expanded the statute of limitations for the IRS to assess income taxes to six years when a taxpayer fails to include Form 8938 with his ...
Read moreIRS Offshore Voluntary Disclosure Program Will End on September 28, 2018
By: Randall P. Andreozzi, Esq. The IRS announced on Wednesday that it will officially end the 2014 Offshore Voluntary Disclosure Program (affectionately known to practitioners as the “OVDP”) on September 28, 2018. The Agency ...
Read morePartner Gary Bluestein Receives Community Playmaker Award
We are proud to announce that our partner, Gary Bluestein, has received the Walmart Community Playmaker Award. He received this award in honor of his efforts to help the local community, including his immense support and work ...
Read moreCan you discharge your tax debt through Bankruptcy?
By: Gary P. Bluestein, Esq. The general view of most accountants and attorneys we talk to is that tax debt is not dischargeable in Bankruptcy. When we tell them that a tax debt may indeed be dischargeable, people are typically ...
Read moreAndreozzi Bluestein LLP Promotes Justin J. Andreozzi to Senior Associate
We are proud to announce the promotion of attorney Justin J. Andreozzi from Associate to Senior Associate. Mr. Andreozzi is admitted to practice in the State of New York Appellate Division- Fourth Judicial Department, the ...
Read moreAndreozzi Bluestein LLP Promotes Heather L. Marello to Senior Associate
We are proud to announce the promotion of attorney Heather L. Marello from Associate to Senior Associate. Mrs. Marello focuses her practice on tax controversy and international tax compliance, and also assists in teaching Tax ...
Read moreAndreozzi Bluestein Litigators Achieve Precedential Tax Court Victory for United States Virgin Islands Taxpayers
In a court-reviewed opinion published on January 29, 2018, the U.S. Tax Court in Coffey, et. al. v. Commissioner, 150 T.C. No. 4, found in favor of the taxpayers and dismissed the Internal Revenue Service’s Statutory Notices of ...
Read moreWe are a law firm built on Experience, Vision & Trust
Whether you need tax counsel for litigation, representation before the IRS, an advocate in tax controversies, or thorough tax analysis and objective consulting, our attorneys have the experience and obtain lasting solutions.