August 19, 2021
Have you received a notice asking to verify your residency status & personal income allocation from the NY Tax & Finance Department?
NY tax authorities are cracking down on individuals claiming they left the state during the pandemic, according to a detailed article by Donna Borak of Bloomberg Tax.
An increase of audits typically falls on those making $1M/year, but individuals earning as little as $100K/year are now being targeted as the authorities look to regain back lost income-tax revenue.
Questions or concerns? Send us a message of give us a call at 914-693-6022.
Christopher Boyer is an Accountant, Bookkeeper, Enrolled Agent & QuickBooks Pro Advisor. Chris provides a wide array of business consulting services, taxes and IRS representation for business owners, individuals, families, corporations, trusts, and estates.
