Tax Attorney in Floral Park, NY

Supportive, Personalized Attention From Start To Finish

Hire an attorney who is truly here for you in
Floral Park, NY

Call me at (516) 217-6164 or contact me online to get started with a free consultation.

Installment Agreements

You will owe back taxes if you don’t pay your taxes on time. Back taxes can really strain your finances, especially if you neglected to pay them on time due to financial hardship. This causes additional stress and fines, both of which can increase your debt. What you need is a strategy for paying the IRS in manageable amounts over time so that you can make up the difference. An installment agreement is the name of this strategy. Although there are both short-term and long-term installment agreements, all of them entail penalties and interest payments, so they are not the greatest option for everyone.

Additionally, not everyone is eligible for an installment agreement with the IRS or New York State, and you need to fill out an application in order to get started. This application must be accurately filled out and would benefit from the assistance of a professional. A professional tax attorney can also help you determine if installment agreements are right for you or if there is another solution to your tax debt. If you need an installment agreement attorney in Floral Park, NY, look no further than Wynne Law. We can help you resolve your New York State tax debt in a way that works best for your unique situation.

Offers in Compromise

Do you owe back taxes? If you are unable to pay the full amount of your tax debt but don’t want to accrue interest by paying in installments, you may want to consider an Offer in Compromise (OIC). An Offer in Compromise allows you to pay only part of your tax debt due to financial hardship or another eligible reason.

If you are considering an Offer in Compromise in Floral Park, NY, Wynne Law can help! We understand all the particulars of what the IRS and New York State is looking for in an OIC in order to give you a high chance of a successful outcome. We work hard to relieve our clients of tax burdens and always make sure to advise the best course of action for each client’s unique circumstances.

Currently Not Collectible

You might be qualified to apply for a Currently Not Collectible (CNC) status from the IRS if you are unable to pay anything toward your tax burden without giving up necessities like food, utilities, and rent. While you still earn interest, the IRS won’t contact you to collect taxes and won’t seize your assets if you have CNC status. Even though this circumstance is not ideal, it serves as insurance to provide you with some breathing room as you organize your money while still being able to cover the necessities. At Wynne Law, we assist Floral Park, New York taxpayers with applying for CNC status and comprehending the advantages it offers.

Trust Fund Taxes

Trust fund taxes refer to the taxes you withhold from an employee’s paycheck in order to pay income tax, Medicare tax, and social security tax to the United States Treasury. They also include sales taxes that you collect on retail sales. They are called trust fund taxes because you are trusted with this money until you send it to the Treasury. If you don’t send these taxes in on time, you will receive penalties.

The different tax requirements and documentation can be confusing and complex, and the business owners of Floral Park, NY need to be aware of the tax requirements laid out by the IRS or New York State. New York State has specific tax guidelines for businesses that can be overwhelming and complicated, and it can be easy to make a mistake. Unfortunately, mistakes in your taxes can lead to fines and penalties, as well as a dispute with the IRS. Additionally, a mistake may not be discovered until your business is audited, a process that can happen through random selection or if your tax return is flagged as having an error. That could mean that years of mistakes might be discovered and will become more complicated to untangle. That’s why it’s imperative that all businesses stay on top of the New York State tax guidelines each year.

Additionally, we can help you if you do face a civil penalty for failing to file taxes properly or on time.

Appeals For Floral Park Business Owners

Have you ever had a request denied by the IRS or received a decision from them that you disagree with, such as a Federal Tax Lien? Thank goodness, you have a right to appeal an IRS ruling. The Independent Office of Appeals accepts informal appeals; however, you must submit your appeal by the deadline specified by the IRS. The appeals officer will issue a formal Notice of Determination following the appeals procedure. You have 30 days from the Notice of Determination or 90 days from a Notice of Deficiency to file a petition with the United States Tax Court. This process is more formal, involving a trial in front of a Federal Judge in the location that has jurisdiction over the town where your home is located.

If your dispute is with New York State, you would follow the New York State protocol, which gives taxpayers two avenues for appeal. You can either request an informal Conciliation Conference or file directly with the Division of Tax Appeals. Either way, having the help of a professional tax attorney can be crucial to getting the outcome you hope for. At Wynne Law, we help Floral Park taxpayers file appeals and reach successful outcomes.

Voluntary Disclosures

As a busy business owner, it can be easy to forget to file your taxes or to file them improperly. This can eventually lead to severe penalties and potentially even criminal charges. There is a way to clear your name with New York State, however. You can file a voluntary disclosure, which declares that you know you owe back taxes, you pay off the entire amount you owe, and you promise to continue paying your taxes on time in the future. In return, NYS forgives your infraction and you avoid penalties.

If you are a business owner in Floral Park, NY who owes back taxes and would like to participate in the Voluntary Disclosure and Compliance program, you need a professional tax attorney who is experienced in this area and familiar with state and federal tax codes. At Wynne Law, we have helped countless taxpayers resolve their tax issues with New York State, including successfully getting penalties forgiven through voluntary disclosure.

Floral Park, NY is an incorporated village on Long Island that is located on the western border of Nassau County, adjacent to Queens, New York.

It is located mainly in the Town of Hempstead with over 16,000 residents. Restaurants, businesses, and medical professional offices line the main streets of the village. It has a dense suburban feel where most own their homes, but like to take advantage of the vibrant nightlife with a short ride to New York City. Young professionals and their families gravitate to Floral Park because of its highly rated schools.

Dedicated to Resolving Your Tax Controversies in
Floral Park, NY

Call me at (516) 217-6164 or contact me online to get started with a free consultation.

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