An IRS payment plan lets you pay back taxes over time. Learn who qualifies, what monthly payments cost, and why New Jersey tax debt needs a separate plan.
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An IRS payment plan lets you pay back taxes over time. Learn who qualifies, what monthly payments cost, and why New Jersey tax debt needs a separate plan.
When paying the IRS would leave you unable to cover basic living expenses, Currently Not Collectible status may pause collection. Learn who may qualify and what happens to the debt.
The IRS does not commonly force the sale of a taxpayer’s home, but it has the legal power to pursue property in serious collection cases. One of our clients learned this after ignoring IRS notices until the government filed a federal lawsuit seeking a forced sale.
If a creditor freezes your bank account in New Jersey, do not assume the money is already gone. A bank levy usually means a judgment has already been entered, but exemptions, objections and challenges to a default judgment may still be available. Acting quickly can make a significant difference.
An IRS audit can leave an owner-operator facing a large tax bill, especially if notices go unanswered. One of our clients faced a $300,000 assessment after missing his audit appointment. His receipts and travel logs helped us turn the case around. Learn what the IRS reviews and how to prepare.
A Department of Labor audit can raise questions about payroll, worker classification, and unpaid wages. Learn what New Jersey business owners should expect, how to prepare their records, and how legal guidance can help them respond.
Filing bankruptcy can trigger an automatic stay that stops many creditor collection actions. Learn what the automatic stay can stop in New Jersey, what it does not stop, and why waiting until the last minute can cost you more money and unnecessary stress.
When a business dispute threatens immediate harm, waiting for a lawsuit to work its way through court may not be enough. Learn when a New Jersey business can seek temporary restraints or an injunction and what to do when action is needed quickly.
Having a valid will doesn’t necessarily mean you have the right estate plan. One New Jersey man’s handwritten will worked exactly as intended, but the tax consequences for his longtime unmarried partner were devastating.
The IRS can levy a bank account and, in some cases, retirement savings to collect unpaid taxes. A bank levy generally comes with a short holding period before the money is sent to the IRS. Acting quickly can make the difference between protecting your money and trying to recover it after it is gone.