Learn More About Tax Law in Ithaca, New York

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The city of Ithaca,, sits on the southern shore of Cayuga Lake, in Central New York, USA. It is best known for being home to Cornell University, an Ivy League school with almost 20,000 students (most of them studying on Cornell’s Ithaca campus). Ithaca College is located just south of the city in the town of Ithaca, adding to Ithaca’s “college town” focus and atmosphere. The city of Ithaca is the center of the Ithaca-Tompkins County metropolitan area (which also contains the separate municipalities of the town of Ithaca, the village of Cayuga Heights, the village of Lansing and other towns and villages in Tompkins County). The city is the county seat of Tompkins County. In 2000, the city's population was 29,287, and the metropolitan area had a population of 100,135. 2004 estimates puts the city population at 29,952, an increase of 2.3%. Namgyal Monastery in Ithaca is the North American seat of Tenzin Gyatso, the 14th Dalai Lama.

Tax Law Lawyers In Ithaca New York

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What is tax law?

Tax law is the codified system of laws that describes taxes on economic transactions. Tax attorneys advise and represent individuals and businesses on all types of tax issues -- including income tax, payroll tax, property tax, and estate and gift taxes. Tax attorneys ensure that their clients are in compliance with federal and state laws and regulations, and represent taxpayers in enforcement proceedings initiated by the Internal Revenue Service (IRS) and/or state taxation agencies.

Answers to tax law issues in New York

What are the tax consequences of death?

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

What are the basics of tax law?

At the federal level, the primary tax is the income tax. Most know this form of taxation by the completion of the...

Can the IRS take my house if l owe back taxes?

The IRS can seize just about anything you own-including your home and pension plans. There is a list of items exempt...

Will my estate have to pay taxes after I die?

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

How are corporations taxed?

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

What are the tax consequences of operating as a non-profit corporation?

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...

What can be done to report tax fraud to the IRS?

The Tax Relief and Health Care Act of 2006 made significant changes to the Informants Reward Program under the False...