Garment District, New York
147 West 35th Street, Suite 1602
New York, NY 10001
(212) 974-3435

David Selig explains “How Contractor’s Win” + Tax Debts & Guideline F, Financial Considerations March 17, 2017

Garment District, Manhattan
David Selig explains “How Contractor’s Win” + Tax Debts & Guideline F, Financial Considerations, Manhattan, New York

Tax Representation for Contractors in NYC

The Government’s position is: Failure or inability to live within one's means, satisfy debts, and meet financial obligations may indicate poor self-control, lack of judgment, or unwillingness to abide by rules and regulations, all of which can raise questions about an individual’s reliability, trustworthiness and ability to protect classified information. An individual who is financially overextended is at risk of having to engage in illegal acts to generate funds. In a Nutshell, unpaid payroll taxes are a deal-killer. 

 

Accordingly, the guidelines found in AG & 19 contain nine disqualifying conditions that could raise security concerns. Typically (but not always) unpaid tax debts fall into the following two categories:

 

1.)  Inability or unwillingness to satisfy debts; and 

 

2.)  A history of not meeting financial obligations. 

 

Thankfully, both issues can be overcome by a successful attorney and tax practitioner. For more information, call David Selig directly at (212) 974-3435 

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David Selig is a successful Advocate and Federal Tax Practitioner at Selig & Associates, a Tax Representation Firm in New York City.

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