Best Tax Attorneys in New Rochelle

FAQs

• Where does the Tax Court hold trial sessions closest to New Rochelle, New York?

  The Tax Court holds trial sessions for New Rochelle tax cases in New York City at Rooms 206 & 208, Jacob K. Javits Federal Building, 26 Federal Plaza.

• Where is the low-income taxpayer clinic that is closest to New Rochelle, New York?

  The nearest low-income taxpayer clinic in New Rochelle is The Legal Aid Society LITC in New York. You may call (212) 426-3013 for assistance.

• Could you be subjected to penalties in New Rochelle if you are found guilty of tax fraud?

  Yes, you can be subjected to severe penalties in New Rochelle if you are found guilty of tax fraud. You might face large fines and prosecution fees and imprisonment or probation. You also need to pay back all the taxes you owe. For tax evasion cases, individuals might pay fines that are up to $250,000 and up to $500,000 for corporations.

• What eligibility requirements do you need for an offer in compromise to be approved in New Rochelle?

  For an offer in compromise to be approved in New Rochelle, you need to file all the required tax returns and your estimated tax payments for the current year must be made prior to filing. You should not have open bankruptcy cases, and if you own a business, you should have already made the needed tax deposits.

• Can taxpayers in New Rochelle pay their debts in partial installments?

  Yes, taxpayers in New Rochelle can pay only a portion of their total balance due using a partial pay installment agreement. However, the IRS only accepts PPIA if taxpayers have no assets and cannot borrow against assets with equity. The IRS reviews PPIA every two years, so the agreement could be terminated if taxpayers' financial condition improves.

• Can you aggressively fight back against a threatening letter from the IRS in New Rochelle?

  No, you are not encouraged to aggressively fight back against the IRS in New Rochelle even if they sent you a threatening letter. The IRS usually sends threatening letters to collect tax debts. As a taxpayer, you should never ignore this letter. You need to check the letter first and the calculations of your liabilities. If there is an error, you should write a polite letter explaining the mistakes and ask if they have a solution for the situation.

• What happens to a business in New Rochelle if its owner does not pay taxes?

  A business in New Rochelle might be closed if its owner does not pay taxes. Owners should remember that failing to remit or collect taxes leads to server penalties and high interest. The interest may be as high as 14.5%, and the businesses could have its Certificate of Authority revoked. The responsible persons, including owners, directors, partners, and employees can be held liable for the sales tax.