Author Archives: curtis

Collecting child support and maintenance payments:

When your ex-spouse has failed to pay child support/maintenance payments, your best bet is to file an income execution. Income executions are one of many administrative enforcement actions that you can take without going to court. Unlike the 25% federal limit on typical money judgments the income execution for support affords access up to 65% [...]
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YOU MUST PUBLISH YOUR LLC, OR ELSE!

Although it seems relatively inexpensive to form an LLC and as you look online you initial assumption would be correct. However, the online companies fail to tell you the requirements or downplay the costs of publication of your LLC. So here is the real facts: in New York, a Limited Liability Company must publish, within [...]
Posted in Business & Individual Tax Services | Leave a comment

S-Corp vs. LLC

Both entities are “Pass-Through” entities for tax purposes; the income of these companies are passed through to their owners and reported on the owners’ personal income tax returns, thereby eliminating the double taxation incurred by owners of a standard corporation. Also both entities provide liability protection; this means that the owner of a company cannot be held [...]
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What is a living will?

A living will is a document that specifies what type of medical treatments you would or would not want if you were unable to communicate. These treatments may include resuscitation, artificial nutrition and hydration and mechanical ventilation.  Living wills are usually too narrow to apply to many common medical situations. They often use language such as [...]
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What is a Health Care Proxy?

A health care proxy (also referred to as a durable power of attorney for health care) is a document that appoints someone to make medical decisions for you, if you are in a situation where you can’t make them yourself. It is extremely important to include specific instructions and guidance to your health care agent [...]
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The Last Will and Testament:

What Is A Will? A Will is a legal document that sets forth your wishes regarding the distribution of your property and the care of any minor children. Depending on the types of assets that are left behind and the wishes of the Testator, a Will can be fairly straight forward, or quite complicated. Either [...]
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Can I Go to Jail for not filing my tax returns?

A long-standing practice of the IRS has been not to recommend criminal prosecution of individuals for failure to file tax returns, provided they voluntarily file, or make arrangements to file, before being notified they are under criminal investigation. The taxpayer must make an honest effort to file a correct return and have income from legal [...]
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I have not filed my tax return(s), what do I do?

The quick answer to this question is that you must file your tax returns whether or not you can afford to pay the tax liability. Even if you have escaped detection for one or more years, your time may be running out and when it does the effects can be staggering. Relatively small tax liabilities [...]
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I cannot afford to pay my income tax. What can I do?

Even if a taxpayer doesn’t have enough money to pay, returns should be filed to avoid further penalties for failure to file. The IRS will assist in finding a solution to the problem. The IRS may accept an installment agreement to pay the debt over time, or you might be eligible for an offer in [...]
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What happens with my deceased loved one’s assets?

Jointly held assets in New York will pass automatically to the surviving joint owner. Other assets may pass to designated beneficiaries. In addition, if a person died with a valid will, his or her individually-owned property will be distributed according to the will. A person who died without a valid will is said to have [...]
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