Selig & Associates

Attention Business-Owners We can reduce your operating expenses by 33%. Turn expensive Employees into cost-effective Independent Contractors. Our program satisfies IRS, DOL and EEO requirements. Free consultation with Tax Accountant, CPCU and Attorney. Call Selig & Associates directly or contact us Online.

IRS and NYS Tax Representation. Workers Compensation Audits, Payroll, Sales and Income Tax representation for Businesses, Individuals, Restaurants and Construction Companies. Civil and Criminal Workers Comp Audit representation includes: NYSIF Examinations, Premium Disputes, Employee Misclassification, Underreporting, Unreported Income, and Failure to Keep Accurate Payroll Records.

Turning Employees into Independent Contractors isn’t as easy as it sounds. That being said Rev. Proc. 2020-1 (2 January 2020) allows companies to receive an expedited Private Letter Ruling from the IRS. Alternatively, interested applicants may circumvent this process by meeting stringent IRS requirements.

IRS Prepares for Enforcement Action: If taxes are not paid the law requires that enforcement action be taken, which includes bank levy, wage garnishment, property seizures and sundry other draconian instruments of displeasure.

From kid gloves to brass knuckles. The unofficial détente is officially over and enforcement action has begun. Both the IRS and State have resumed collections, albeit on a limited basis [and] long neglected Kafka-like cases are being hastily returned to the calendar.

The statute of limitations for IRS assessments typically expires 3 years after the due date, or the date on which the return was filed (whichever is later). That being said, there’s no statute of limitations for: (i) false or fraudulent returns (ii) willfully attempting to evade tax, and (iii) failing to file a return.

Bad News for Small Business Owners: Are you willfully failing to remit State and Local taxes? Yes! Then you may be already be in serious trouble [and] subject to large $ fines and a stiff prison sentence. New York Tax Law Section 1801(a)(5)

New York’s combined City and State sales taxes are calculated @ 8.875% 14.5% interest rate is applied to unpaid sales taxes [compounded daily]. Unpaid sales taxes are not dischargeable in Chapter 7 bankruptcy, but can be discharged under Chapter 13 (if full paid) over the life of the Chapter 13 Plan.

If You Haven’t Filed a Tax Return in Years - You’re a Criminal Call today for Immediate Assistance