/litaxlaw.comEric L. Morgenthal - New York Attorney in Tax and Estate Planning
Eric L. Morgenthal - New York Attorney in Tax and Estate Planning
150 Broadhollow Road, Suite 207, Melville, New York 11747 | phone: 631.265.8000 | fax: 631.265.8455 | web: www.litaxlaw.com
HomeAttorney ProfileTaxationEstate Tax Planning & Asset ProtectionArticlesMap/DirectionsContact

Articles/Publications

 

IRS Seizure of Non-Compliant Taxpayer Passports

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - March 2018

In their pursuit of tax debtors, the IRS recognizes that the chase shouldn't end at the border. And to contain those fleeing the country, they have several tools at their disposal.
Read more PDF »

 

Opting Out of the IRS Offshore Disclosure Programs

By Eric L. Morgenthal, Esq., CPA
NYS Society of CPAs - May 2014

In 2009, the IRS had introduced an Offshore Voluntary Disclosure Initiative/Program (OVDI/OVDP). In the years that followed, the program was reintroduced and revised. Soon enough, thousands of practitioners started jumping on the foreign tax repair bandwagon.
Read more PDF »

 

Conflicting Advice in Foreign Tax Matters

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - March 2014

I remember a time when I was at a tax seminar; I had watched an attendee raise her hand to ask a question of a speaker.
Read more PDF »

 

IRS Disclosure of Protected Tax Data

By Eric L. Morgenthal, Esq., CPA
The Nassau Lawyer - December 2013

With all of the hype in the media about government dysfunction, the IRS has not been exempt from its own series of scandals.
Read more PDF »

 

Tax Law: Offshore Voluntary Disclosure – IRS Extends the 2011 program

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - February 2012

OVDI is now open-ended. On January 9th, the IRS announced it would be extending the 2011 initiative indefinitely until further notice.
Read more PDF DOC »

 

Tax Law: The 2011 Offshore Voluntary Disclosure Initiative

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - April 2011

As you read this article, someone, somewhere in the world, is gathering strength. Hoping and working toward someday coming to America to seek out a better life.
Read more PDF DOC »

 

Raising the FBAR on Foreign Tax Compliance

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - December 2009

How would you like to tell your clients that they owe a $350,000 penalty for failing to report the transfer of one million dollars to a foreign trust? And that they'll also owe $10,000 more for each additional 30 days that the tax return was past due.
Read more PDF DOC »

 

Pitfalls of a New York State Sales Tax Observation Audit

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - June 2009

Have any of your small business clients ever hoped and prayed for a really bad day, a day when no one comes to their store or place of business? Not a single customer. Chances are if they have, then they were likely undergoing a Sales Tax observation audit by the New York State Tax Department.
Read more PDF DOC »

 

New York Voluntary Tax Disclosure and Compliance Program

By Eric L. Morgenthal, Esq., CPA
The Nassau Lawyer - December 2008

Every few years, state tax governments adopt amnesty programs to meet budget shortfalls by triggering the acceleraton of tax revenue. However, tax agencies know that amnesty programs convey a risky message... that the benefit of current revenue collection exceeds the cost to the system of allowing conduct to go unpunished.
Read more PDF DOC »

 

New York State Sales Tax: Civil Tax Fraud Penalty Update

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - June 2007

As a lifelong Met fan, I've never been a big admirer of Roger Clemens. However, I must admit he was typically skilled in demonstrating a particular aspect of baseball. . . the brushback pitch. For those who don't follow baseball, pitchers throw a "brushback" pitch intentionally close to the batter to keep them from crowding home plate. It's a way to prevent the batter from reducing the strike zone by overreaching and dominating the area. Recently, the New York State Department of Taxation and Finance was thrown a brushback pitch because it seemed like they too were beginning to overreach.
Read more PDF DOC »

 

Tax Update: 2004 Tax Legislation Impacts IRS Collection Procedures

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - November 2004

On October 22, the American Jobs Creation Act of 2004 (P.L. 108-357) was signed into law. The new tax law addresses the export tax regime, provides tax relief for domestic manufacturers, U.S. multinationals, businesses and individuals. The focus of this article is to highlight the most important changes and additions to the IRS tax collection procedures.
Read more PDF DOC »

 

Tax Update: Tax Debts Listed Online: A Virtual Embarrassment

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - June 2004

We've all heard it. Parents say it all the time. "You'd better not do that....it will end up on your permanent record." When I heard those words as a youth, I used to shrug them off. I'd think to myself, "what record? Do they honestly believe that an imaginary place exists where anyone can look to review all of my mistakes in life?" Well guess what....now there is.
Read more PDF DOC »

 

IRS Attachment To Tenancy By The Interests

By Eric L. Morgenthal, Esq., CPA
The Attorney-CPA - March 2004

Asset Protection Advisors beware! Your entire world is about to turn upside down, particularly if your clients have properties in multiple states. Traditionally, property ownership via tenancy by the entirety (TBE) has provided a certain level of protection to married couples. Currently, 26 jurisdictions recognize property ownership by TBE. It should be noted that New York State is one of those jurisdictions.
Read more PDF DOC »

 

Tax Update: The New Pension/Health Insurance Hybrid Option

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - February 2004

With signs of the recession still looming, small and large businesses alike have been searching for ways to improve cash flow. Slow revenue growth coupled with rising health insurance costs has reduced available funds for business owners to contribute toward retirement. Now, new legislation passed on December 8 under the Medicare Prescription Drug, Improvement and Modernization Act of 2003 has introduced a hybrid vehicle which enables business owners and individuals to address both concerns with one consolidated cost.
Read more PDF DOC »

 

The New York City Tax Amnesty Program

By Eric L. Morgenthal, Esq., CPA
The Queens Bar Bulletin - November 2003

Many of us have clients that conduct business in the five boroughs. If yours haven't been meeting their tax filing obligations, then they may want to take advantage of this limited time tax saving opportunity. In light of the recent success obtained with the New York State Tax Amnesty Program, the New York State legislature has empowered the City of New York to undertake its own amnesty arrangement.
Read more PDF DOC »

 

The IRS Attachment To Tenancy By The Entirety Interests

By Eric L. Morgenthal, Esq., CPA
The Nassau Lawyer - November 2003

Asset Protection Advisors beware! Your entire world is about to turn upside down, particularly if your clients have properties in multiple states. Traditionally, property ownership via tenancy by the entirety (TBE) has provided a certain level of protection to married couples. Currently, 26 jurisdictions recognize property ownership by TBE. It should be noted that New York State is one of those jurisdictions.
Read more PDF DOC »

 

Tax Update

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - November 2003

Thanksgiving is only a few week away and the holidays are just around the corner. Without fail, magazines and newspapers will begin publishing a barrage of tax articles entitled "Year-End Tax Tips." And like last year, the same advice will probably be given... Accelerate deductions. Defer income. Blah. Blah. Blah. So here are a few useful year-end tips that you may not find in your ordinary tax and investment publication.
Read more PDF DOC »

 

Tax Update: TBE And The IRS

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - October 2003

Asset Protection Advisors beware! Your entire world is about to turn upside down, particularly if your clients have properties in multiple states. Traditionally, property ownership via tenancy by the entirety (TBE) has provided a certain level of protection to married couples. Currently, 26 jurisdictions recognize property ownership by TBE. It should be noted that New York State is one of those jurisdictions.
Read more PDF DOC »

 

Tax Update: New IRS 'Offer In Compromise' Procedures And Tax Amnesty In NYC

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - September 2003

In this month's column I would like to discuss two developments in the field of Taxation. One takes place on the federal level and the other is a state/local tax savings program.
Read more PDF DOC »

 

Tax Law Update: The New Legislation

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - June 2003

Here we go again. Congress has chosen to tweak the Internal Revenue Code for the third time in as many years. And if you want to sound trendy describing this one... call it JAGTRRA (that's short for the Jobs and Growth Tax Relief Reconciliation Act of 2003). Signed into law on May 28, 2003, the changes behind this $350 billion tax cut were not terrible complex; however, the multiple expiration dates instituted to bring the tax act within budget will complicate tax planning.
Read more PDF DOC »

 

The NYS Tax Amnesty Program: Hurry, Time Is Running Out!

By Eric L. Morgenthal, Esq., CPA
The Suffolk Lawyer - January 2003

Taxpayers with outstanding New York State Tax Liabilities should strongly consider taking advantage of the NYS Tax Amnesty Program. Signed into law of May 29, 2002 as Chapter 85 of the Law of 2002, the Tax Amnesty program provides an opportunity for taxpayers to settle their outstanding liabilities with a two percent reduction in the statutory interest rate and without the imposition penalties.
Read more PDF DOC »

 

International Taxation of Internet Commerce: Issues in Sourcing and Jurisdiction

By Eric L. Morgenthal, Esq., CPA

Our economy has become increasingly global and the Internet has enhanced this growth. “Recent estimates suggest that global business-to-business e-commerce will reach $1.3 trillion by the year 2003.” Traditional markets are disappearing. The use of E-commerce as a means of conducting business globally raises numerous international tax issues. These issues relate primarily to sourcing and characterizing electronic commerce income.
Read more PDF »

 

Home | Attorney Profile | Federal Taxation | New York State Taxation | Articles/Publications | Map/Directions | Contact | Attorney Advertising Notice
© Law Office of Eric L. Morgenthal, PLLC - All Rights Reserved