With high unemployment and increased uncertainty during these times, a recent TaxAudit survey shows that almost 2/3 of taxpayers are very concerned about the financial impact the pandemic is causing in their lives, including being forced into tax debt. This will be in addition to the 14+ million ...
Join us for this very special workshop where Tax Attorney and National Speaker Eric Green will walk you through the IRS Collections process and how to utilize the rules to resolve your client’s nightmare with regards to everything from tax liens and tax levies to collection appeals. Given the cu...
I focus my practice on civil and criminal taxpayer representation. A federal grand jury in Roanoke, Virginia, returned an indictment today, charging a Virginia resident with evading payment of employment taxes and attempting to obstruct the Internal Revenue Service (IRS), announced Principal Dep...
I will be speaking at this year's NYU Tax Controversy Forum, where I will be interviewing IRS Deputy SB/SE Commissioner Darren Guillot and IRS Director of Collection Paul Mamo regarding what we can expect in IRS Enforcement. Topics will include the new fraud office, what IRS will be doing after ...
New Haven, CT: Offers-in-Compromise vs Bankruptcy to Resolve Tax Debt
(Green & Sklarz LLC)
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Join us this Thursday June 4th for a free two hour program on IRS Offers-in-Compromise vs. Bankruptcy, and when you and your clients should choose one resolution alternative over the other. Joining me will be Amanda Evans, EA and Joanna Kornafel, Esq. and we will walk through the IRS OIffer-in-C...
The Accountant's Guide to Resolving Payroll Tax Debts and Personal Liability was just released by TG Publishing!Payroll taxes are the number one reason why small businesses get into tax trouble. Why? Because payroll taxes are the easiest loan to take and the hardest to repay. Easy to take beca...
So you or your clients got your PPP Loan money - Congratulations...now what?Congress has allocated more than $600 billion to PPP loans, with, maybe, more to come. Many questions have arisen how businesses should use these funds and account for them to obtain the promised loan forgiveness. In th...
Though I sit in New Haven, Connecticut most days we assist taxpayers all over the country to resolve their tax debts with the IRS. There is a lot of confusion surrounding the IRS Offer-in-Compromise program, so I wanted to clear up some misconceptions. There is no magic to an Offer-in-Compromise...
Can a company with more than 500 employees get a PPP loan? Sometimes YES!
(Green & Sklarz LLC)
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The Paycheck Protection Program (“PPP”) is geared to small business. The Small Business Administration (“SBA”) uses a very specific and complicated definition to determine which businesses can generally qualify for SBA loans. Generally, qualifying business must be a “small business concern” to ob...
Over the past week, I’ve been asked whether there is anything in the CARES Act that can facilitate entrance, DIP, or exit financing for a chapter 11 debtor? The short answer is likely not the longer answer is maybe.The Act delegates rule making authority to Treasury and the SBA. Given the short t...
Businesses may need to “social distance” for payroll protection loans
(Green & Sklarz LLC)
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For the past several weeks I have been closely following the legislation and rule making concerning the CARES Act, payroll protection loans, and related provisions. One of the most confusing is how attribution/affiliation rules apply to companies that want to take out payroll protection loans. ...
The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft."We urge people to take extra care during this period. The IRS isn't going t...
The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft."We urge people to take extra care during this period. The IRS isn't going t...
The Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people.These payments will based on the 2019 tax return if filed, and if not on the 2018 return. T...
I spend most of my days resolving civil and criminal tax issues with the IRS and Connecticut Department of Revenue. Whether its income tax, payroll tax or sales tax, we have seen and dealt with most issues. The current pandemic is creating economic chaos and incredible stress on individuals who...
Join us Monday March 30th for a FREE two-hour webinar to update you on the business, economic and tax impact of the CARES Act:Preserving Businesses During the COVID-19 Recession: Understanding the Business and Tax Impact of the CARES ActYou can register for FREE here: https://gs-lawfirm.com/progr...
The focus of my practice is civil and criminal tax controversy. At 2pm EST today the IRS released its response to assist taxpayers and give guidance as to what it will be doing as far as enforcement. IR-2020-59 provides important guidance concerning: Existing installment agreements, New instal...
In this special episode of the Tax Rep Network podcast I am joined by my law partner Noelle Geiger, Esq. who reviews the current response to the Covid-19 panedemic by the IRS and what you and your clients need to know. Check out the episode here: https://taxrepllc.com/tax-rep-network-podcast-epis...
The saying “May you live to see interesting times” has never been more poignant than now. The impact of the Coronavirus on society at large will be significant as individuals and businesses struggle to get through this. Join us Friday March 20th at 1:00 pm EST for a free session on what clients, ...
Green & Sklarz LLC is seeking a legal assistant/receptionist for our New Haven office. The person will work as the receptionist and legal assistant. We are a busy law firm. This person's primary job duties will be: reception, client service, and assisting lawyers and other professional staff w...
Listen in on this weeks episode as I am joined by a very special guest, Andrew Keyso, the former IRS Chief of Staff and current Acting Chief of Appeals. During this talk Andy discusses the impact of the Taxpayer First Act, where Appeals is heading, the role of the hazards of litigation, and what ...