A Bergen County business owner received a two-year federal prison sentence in a case involving approximately $670,000. The case demonstrates why businesses should not assume federal investigators pursue only multimillion-dollar fraud.
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A Bergen County business owner received a two-year federal prison sentence in a case involving approximately $670,000. The case demonstrates why businesses should not assume federal investigators pursue only multimillion-dollar fraud.
A New Jersey Division of Taxation audit can involve months of document requests, questions, and review. Learn what business owners can expect during a state tax audit, including the initial meeting and business tour, record review, timing, potential assessments, and how representation can help keep the audit from taking over your business.
Sued by a debt collector in New Jersey? Learn about the 35-day answer deadline, automatic default judgments, defenses, mediation, payment plans, and settlement options
By Frances A. Tomes, Esq. New Jersey and IRS Tax Audit Attorney Receiving an IRS audit notice can be scary. It can also be confusing. The most important thing is not to panic and not to start sending documents right away. First, find out what the IRS is looking at. Read the notice. Check the … Continued
Can the IRS collect your spouse’s tax debt from you? Learn how joint returns may put wages, bank accounts, and retirement savings at risk.
What New Jersey taxpayers should know about time limits, resolution options and smart strategy by Frances A. Tomes, Esq. Tax and Litigation Attorney You may have carried IRS tax debt for so long that it feels like it will follow you forever. The good news is that IRS tax debt can sometimes end, be reduced, … Continued
Unpaid taxes usually become a criminal concern when there is evidence of willful conduct, such as hiding income, filing false returns, moving assets, keeping false books, or lying to the IRS. The balance alone does not make a case criminal, but DOJ prosecutes some cases involving six-figure tax losses.
You may have lived with old IRS debt for so long that it feels like it will follow you forever. You may be afraid to call the IRS because you do not want to restart something or make the problem worse. The good news is that the IRS does not always have unlimited time to … Continued
Ignoring IRS tax debt can lead to growing penalties, tax liens, bank levies, and wage garnishment. Learn what may happen and what steps to take now
You may have been trying to hold everything together for a long time. Maybe you are paying the minimum on your credit cards, but the balances never seem to go down. Maybe you are behind on your mortgage or car payment. You may be afraid to answer the phone because it could be another creditor. … Continued