Can the IRS Take My Home or Other Property?

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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.

Can the IRS Take My Bank Account or Retirement Fund?

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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.

What Happens During an IRS Payroll Tax Audit?

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An IRS payroll tax audit can uncover much more than mistakes on Forms 941. Learn what the IRS examines, why cash payments and worker classification can create major exposure, and when unpaid payroll taxes can become the business owner’s personal liability.

What Happens When a Restaurant Is Audited in New Jersey?

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A New Jersey restaurant audit can go far beyond reviewing tax returns. Auditors may compare POS records, bank deposits, credit-card receipts and vendor purchases—and may use a mark-on analysis to reconstruct sales when records are inadequate. Two restaurant audits we handled show just how much good recordkeeping can matter.

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