An IRS offer in compromise may let you settle back taxes for less. Learn who qualifies, what the IRS checks, and how to protect yourself before you apply in New Jersey.
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An IRS offer in compromise may let you settle back taxes for less. Learn who qualifies, what the IRS checks, and how to protect yourself before you apply in New Jersey.
Suggested excerpt A tax preparer’s conviction does not automatically erase the client’s IRS liability. The taxpayer may still owe the correct tax and interest and may need to seek penalty relief separately.
Can’t afford the payment the IRS wants? Learn how a careful review of income, expenses, and collection deadlines may help you find a workable arrangement.
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.
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.
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.
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.
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.