Finance
Showing 25 - 30 of 1065 results.
New York Tax Audit: Response Procedures and Legal Rights
A New York tax audit begins when state tax authorities issue a formal inquiry or audit notice regarding income, sales, or residency reporting. State auditors evaluate financial records, bank statements, and tax returns to identify underreported liabilities or recordkeeping deficiencies under the New York Tax Law. Taxpayers maintain statutory rights to present documentation, challenge preliminary audit findings, and request administrative review within strict legal deadlines.
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IRS Audit Representation for Business Owners Facing Tax Liability
IRS audit representation helps business owners address tax adjustments, penalties, and potential personal liability during an IRS examination.IRS audit representation allows business owners to appoint qualified professionals to handle IRS examinations and challenge proposed tax adjustments. An audit may lead to additional taxes or civil penalties, while certain payroll tax violations can expose responsible individuals to personal liability. The response should address document requests, disputed tax positions, and notices imposing separate deadlines.
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Celsius Crypto Settlement and Investor Recovery in New York
Celsius crypto settlement terms create conditional payment obligations, while investor distributions depend on bankruptcy claim eligibility. The October 2026 agreement with former CEO Alex Mashinsky does not establish automatic investor payouts. Further recovery depends on the creditor’s claim status, distribution rights, and any separately available legal claims.
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Rule 17a-7 Proposal for Cross-Trade Pricing and Fund Oversight
Rule 17a-7 proposed amendments would expand eligible securities and change cross-trade pricing, compliance reviews, and fund reporting. The SEC’s October 2026 proposal would permit cross trades in more fixed-income securities while revising pricing and oversight conditions. The amendments are not yet effective. Fund and RIA compliance teams should distinguish current requirements from proposed changes before revising trading policies or restarting restricted transactions.
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Statute of Limitations on Tax after an Amended Return
Statute of limitations on tax rules usually preserve the original IRS assessment deadline after an amended return, with limited exceptions. Filing an amended federal income tax return generally does not restart the IRS assessment period. Reporting additional tax near its expiration can give the IRS more time to assess that amount. Taxpayers and businesses should separately check collection, refund, and notice response deadlines before filing or responding.
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Syndicated Loan Agreement Defines Agent Bank Duties and Limits
A syndicated loan agreement sets the agent bank's contractual duties, lender voting rules, and limits on authority when disputes arise. An agent's missed notice or disputed instruction can leave a borrower unsure who may act for the lenders. The contract determines reporting tasks, required lender approvals, and available remedies. Before responding to a default notice or proposed amendment, review the agent provisions and voting thresholds.
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