What Happens During a New Jersey Division of Taxation Audit?

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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.

What Should You Do When You Receive an IRS Audit Notice?

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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

When Can Unpaid Taxes Become a Criminal Case?

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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.

How Far Back Can the IRS Collect Tax Debt?

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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

What Is Bankruptcy and How Can It Help?

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A simple guide for New Jersey individual and families facing financial strugges Bankruptcy is a legal tool that may help people who cannot keep up with their debts. It can stop many collection actions, help protect property, and give you a path toward a fresh financial start. The right choice depends on your income, property, … Continued