Direct, credentialed representation for high-net-worth individuals, business owners, and families before the Internal Revenue Service and the New York State Department of Taxation & Finance.
Beginning below the fold, our specialized practices deliver aggressive tax controversy resolution, forward-looking wealth minimization, and institutional corporate compliance.
Immediate, decisive intervention against aggressive enforcement actions. We handle all direct communications with tax authorities to protect your assets and eliminate unmanageable debt.
Bespoke, year-round tax mitigation strategies structured for business founders, high-income professionals, medical practitioners, and real estate developers across Long Island.
Precision financial reporting, statutory filings, and compliance oversight to keep your growing business audit-proof, fully compliant, and fiscally sound year after year.
Tax controversies and audit notices do not resolve themselves. The sooner our credentialed advisors step in, the more options you have to protect your assets and eliminate penalties.
All consultations are protected under strict professional confidentiality. Your information is never sold or shared with any third party, marketing network, or government entity.
Navigating the IRS and New York State tax departments can feel daunting. Here are direct answers to the most common questions our clients ask.
No. Once you engage Long Island Tax Advisors, we file an official Power of Attorney (Form 2848 for the IRS and Form POA-1 for New York State). Under federal and state law, the tax authorities must direct all inquiries, correspondence, phone calls, and interviews directly through our office. You will not have to speak with or face aggressive auditors.
Do not ignore it. A Final Notice of Intent to Levy (such as IRS Letter 1058, Notice LT11, or CP504) triggers a strict 30-day statutory window. During this window, we can request a Collection Due Process (CDP) hearing, which immediately legally halts any bank account freezes or wage garnishments while we negotiate a resolution.
An Offer in Compromise allows qualifying taxpayers to settle their federal tax liabilities for a fraction of the total amount owed. Eligibility is calculated using the IRS Reasonable Collection Potential (RCP) formula, evaluating your net realizable equity in assets and future monthly disposable income. We prepare meticulous financial packages that demonstrate to the IRS why accepting your offer is in the government's best financial interest.
New York State is known for having the most aggressive residency audit program in the country. NYS auditors scrutinize both the statutory 183-day test and the five primary domicile factors (home, active business involvement, time, items of near and dear, and family). We perform comprehensive diary audits, cellphone tracking reconciliation, and credit card statement analysis to build an ironclad defense defending your non-resident status.
We implement advanced entity structuring, reasonable compensation optimization for S-Corporations, Pass-Through Entity Tax (PTET) elections that legally bypass the $10,000 federal State and Local Tax (SALT) deduction cap, defined benefit cash balance plans, and accelerated depreciation strategies for commercial assets and equipment.
We maintain institutional-grade security. All client records, tax returns, and transcripts are stored in encrypted environments adhering to SOC-2 and IRS Publication 4557 data security guidelines. File uploads through our client portal are protected by 256-bit AES encryption.