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​​January 22, 2025

 

What Makes Us Different? 

 

Instead of arguing, our strategy involves proactive intervention to address and resolve your tax issues before they escalate. By taking prompt, positive action, we can negotiate favorable terms with the IRS, reduce penalties, and help foster a cooperative relationship between you and the Government. 

 

Avoiding Litigation

 

Under the best of circumstances, taking the IRS to court is a risky proposition. Like it or not, there is an institutionalized bias against tax litigants, which often results in continuous scrutiny, audits, investigations, and harassment. Retaliatory measures frequently include:

 

  • Disallowing legitimate deductions

  • Examining personal and business bank transactions, including Zelle, Venmo, PayPal, and Cash App.

  • Monitoring your online purchases.

  • Interviewing your neighbors and co-workers.

  • Issuing violations and penalties whenever possible.

 

Uncertain Results 

 

Even with compelling evidence, an excellent Attorney, and an impartial Judge, the risk of an unfavorable verdict is significant. The doctrine of "where there’s smoke there’s fire" prejudices the perception of guilt, and increases the likelihood of a negative outcome. 

 

Litigation is Expensive 

 

Litigation is costly. Expenses include attorney fees, expert witnesses, photocopying, postage, certified mailings, and transcript fees. Once litigation begins, it can be difficult, if not impossible to stop – often resulting in expenditures that exceed the value of the case. Additionally, losing the case could make you liable for the IRS's court costs and expenses, which are substantial.

 

Think Twice 

 

Act in haste, repent in leisure. . . .  

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January 18, 2025

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Maryland Attorney and Poker Player Charged with Tax Crimes and Making False Statements to Mortgage Lenders 

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Defendant Allegedly Did Not Report Millions in Poker Winnings and Falsely Omitted Over $14M in Debts to Obtain Loan. A federal grand jury in Greenbelt, Maryland, returned a 22-count indictment on January 16th 2025 charging a Maryland attorney with tax evasion, assisting in the preparation of false tax returns, failure to pay taxes and making false statements to two separate mortgage lenders. ​​Disclaimer: An indictment is a formal accusation and does not constitute a finding of guilt. All individuals mentioned in this document are considered innocent unless proven guilty in a court of law through a fair and impartial trial. Any actions taken based on the information provided herein are at the sole risk and discretion of the reader. No liability can be attributed to the author or publisher for inaccuracies or misinterpretations of the information contained within this document.

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January 17, 2025

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A word or two about un-filed tax returns 

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If you filed for an extension and still haven’t filed a tax return – then this article is for you. Especially if you have a federal or state-issued license, e.g., accountant, attorney, physician, funeral director, etc. 

 

Not filing tax returns can lead to civil and criminal penalties, and if our friends at the IRS or New York State catch you up in an audit or investigatory net – then you could be in for quite an ordeal. Imagine, you’re a high-flying personal injury attorney or a coke-snorting, Porsche driving stockbroker, and you’re suddenly grounded by something as mundane as tax evasion. Consequences include loss of licensure, ineligibility for government contracts, and general unpleasantness.

 

Failing to file a tax return is a misdemeanor with a potential one-year sentence behind bars for each year of non-filing. And if you’re caught performing sleight of hand (a/k/a “prestidigitation”) like an aspiring Houdini with double books, and conveniently destroyed records — then you’d better brace yourself for some bad news, viz. a felony conviction, up to five years in the slammer, fines, and restitution. FYI, New York penalizes perpetrators with misdemeanors or felonies depending on your unpaid tax tab.

 

Moreover, keeping it civil doesn’t always soften the blow. Failure to file a tax return carries hefty fines: 5% of the tax due per month when you are delinquent, capping off at 25%, with the possibility of penalties as high as 75% if fraud is involved. And don’t forget, the clock for collecting unpaid taxes doesn’t start ticking until you file your wayward return.

 

Attorneys could face disbarment, license suspension, revocation of practice privileges, and more. Similarly, companies could find themselves barred from lucrative contracts, licenses, and operational authorizations. It’s just not worth it. 

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If your tax problem is causing you to suffer sleepless nights, or jeopardizing your future income (and dignity) contact Selig & Associates today. 

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Up to 10 years of missing tax returns prepared and filed in as little as 48 hours. Missing records, not a problem – Selig can obtain your W2 and 1099 documents directly from the IRS. For more information call (212) 974-3435. â€‹

Strategic Advantage

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New York City’s Best Kept Secret

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Selig & Associates doesn't publish “client-testimonials” or in any other way compromise your confidentiality.

If you have a serious tax problem that needs to be solved, you can speak to us with complete confidence. 

 

Discretion 

 

We represent high-profile individuals, doctors, lawyers, business-owners, entrepreneurs, athletes, actors, aspiring politicians, and people who received undeclared income. 

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100% Start to Finish

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We settle large-dollar tax disputes quickly and quietly. For immediate assistance call (212) 974-3435. 

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Missing Tax Returns 

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Up to 10 years of missing tax returns prepared and filed in as little as 48 hours. Missing records, not a problem – we can obtain your W2 and 1099 documents directly from the IRS. For more information call (212) 974-3435. 

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New Business Formation 

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We can help you form a new Corporation or LLC, establish a fictitious business name (D/B/A), receive a New York State Sales Tax Certificate of Authority (C of A) or obtain Tax-Exempt Status for your Church, religious or non-profit organization.

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Risk Management

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We offer a wide range of risk management and asset protection services, including strategic financial encumbrances and insurance, viz. professional liability, cybercrime, sexual harassment, employment practices liability, large-dollar liability, workplace violence and terrorism.

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Funding

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​Our network of Asset-Based Lenders can provide you with $25,000 to $1,000,000 within 48 hours. No credit check or financial disclosure required. Use the funds to pay outstanding tax debt or however you like. Collateralize fine art, gemstones, precious metals, Bitcoin, NFTs, etc. 

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Self Directed IRAs

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A Self-Directed IRA (SDIRA) can protect your hard-earned money from inflation and devastating stock market corrections. With a SDIRA you can invest in gold and other precious metals, commercial and residential real estate, cryptocurrency, private equity, tax lien certificates, stocks, bonds, and many other lucrative investments. For more information call (212) 974-3435. 

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FREE 
 Tax Problem  
Consultation

(212) 974-3435


Selig & Associates


 

New York City
Nassau County

 

Mailing
 

1001 2nd Ave. Box 854

New Hyde Park, NY 11040
 

Contact  

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