Leibowicz & Ahroni, PLLC offers its clients the benefit of more than four decades of experience in tax law and business law. Our attorneys have advanced law degrees in taxation, teach tax law, and regularly handle complex tax matters. We represent U.S. and foreign businesses and individuals, and have written statutory tax law and set precedent through landmark cases in the public interest.

Our firm brings the benefits of decades of expertise, superb quality and vigorous representation, to an individual and direct relationship with our clients. All of our clients are entitled to, and receive, personal attention from our attorneys and staff, with an understanding of the unique and special relationship a client must have with their attorney.

Our offices are located in Great Neck, New York.

Contact Us
111 Great Neck Road
Great Neck, NY 11021
(516) 829-4919 PHONE
(516) 829-4911 FAX

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Copyright ©2009-2016 Leibowicz & Ahroni, PLLC

Latest Updates

Federal Tax Audits And Investigations – Civil And Criminal

The IRS utilizes its authority to conduct audits in order to verify that taxpayers have properly reported their tax due. Along with the power placed in the IRS to enforce the tax laws through audit and assessment, the system is balanced by the rights of the taxpayer to dispute the IRS’s findings within the administrative and court systems. Potential disputes with the IRS can either be Civil, in which only money is at issue, or Criminal, in which there is a possibility of criminal prosecution and imprisonment.

New Reporting Requirements for Executors

The IRS has issued a form with which, if applicable, requires Executors to report the value for estate tax purposes of any property distributed by an estate. Under a recent amendment of Internal Revenue Code §1014, estate beneficiaries must use a basis (property cost) consistent with that reported for estate tax purposes, and Executors are required to report those values to both the IRS and beneficiaries.

IRS Second Inspection of Audit Records Permitted

Generally, the Internal Revenue Code permits only one inspection of a taxpayer’s records for a tax year, unless the IRS can come up with a written justification for the re-inspection. However, the 7th Circuit Court of Appeals recently ruled in In U.S. v. Titan Int’l, Inc., that this limitation applies only to a single tax year, and inspection of records previously audited for a different tax year is permitted.

“In a time of turbulence and change, it is more true than ever that knowledge is power.”
— John F. Kennedy

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Copyright ©2009-2016 Leibowicz & Ahroni, PLLC

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