Sales Tax Audits
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.
Sales Tax Audits
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.
Sellers and retailers in most States assume the obligation to collect, report, and remit sales tax. Because merchants collect, hold and remit sales taxes as fiduciaries for their clients, States take compliance seriously. Failure to comply with the sales tax laws may lead to tax assessments, interest and penalties. If a business is not carefully and properly reporting their sales tax, they will likely face substantial penalties, or a criminal investigation. The corporate officers may also be personally liable for the tax and penalties due. If you are facing a sales tax audit, it is important to seek professional guidance immediately as the potential penalties can be substantial.
Latest News
Update on Recent IRS Actions During COVID-19
There have been a significant number of recent IRS updates that impact taxpayers from both a controversy and compliance perspective. While our focus is to always provide the absolute best tax controversy updates and counsel for ...
Read moreFederal Income Tax Return Filing and Payment Relief
Last week, the Treasury Department and the Internal Revenue Service (IRS) announced that the filing deadline for certain returns has been extended from April 15, 2020 to July 15, 2020 (Notice 2020-18) and they also provided some ...
Read moreState and Federal Tax filing deadlines extended to July 15th
Treasury Secretary announced today that the IRS’ tax filing deadline has been extended to July 15th. This will be welcome news to not only taxpayers but the tax practitioners who were under the gun to get tax returns filed by ...
Read moreNew York State Announces Penalty and Interest Waiver for Sales Tax Filings
As the COVID-19 spreads, taxpayers of all walks of life are affected by the vast actions taken to contain its spread and protect public health. In the face of this public health crisis, we want to ensure that all those that are ...
Read moreTax Court Trial Sessions Cancelled
On March 13, 2020 the United States Tax Court determined that, due to the current health crisis, the Tax Court buildings will be closed effective immediately. Previously scheduled Tax Court trial sessions will be cancelled ...
Read moreOptional 90 Day Extension on IRS Payments
The Trump Administration announced its new economic stimulus plan today which includes an option for taxpayers to delay their tax payments for 90 days. The plan allows deferrals of up to $1 million for individuals and up to $10 ...
Read moreRecent Tax Court rulings may allow refunds of previously assessed penalties
By: Derek B. Wheeler, Esq. and Heather L. Marello, Esq. As part of the Restructuring and Reform Act of 1998 (“RRA 98”), Congress enacted IRC §6751(b)(1), which requires written supervisory approval for certain penalties ...
Read moreNew York Adds an Economic Hardship Exception to License Suspension Statute
By: Heather Marello, Esq. In 2013, New York added Section 171-v to the tax law, which provides that the State may suspend a taxpayer’s driver’s license if his or her tax, penalty and interest exceeds $10,000 and the taxpayer ...
Read moreIRS Captive Insurance Global Settlement Offer- Know your options.
By: Randall P. Andreozzi, Esq. In 2016 the IRS issued Notice 2016-66, which identifies certain micro captive insurance transactions as potentially abusive. The Notice generally describes the abusive arrangement as one where ...
Read moreOur View on Cryptocurrency Taxes & the IRS
By: Randall P. Andreozzi, Esq. Cryptocurrency investors be warned. The IRS is coming for you. Over the course of several years, the IRS has methodically ramped up its efforts to tackle the burgeoning cryptocurrency market. ...
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.