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

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

Business Tax Debt: There Is a Way Out

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Owe back taxes as a small business owner? Learn your options for IRS tax relief, payment plans, settlements, and how an experienced tax resolution attorney can help you regain control.

IRS Notice LT11 Intent to Seize: Don’t Wait!

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           Owing back taxes much less dealing with them isn’t fun and can be emotionally and mentally draining. But if you receive IRS notice LT11, you’ve received an ultimatum; pay your overdue taxes or your property will be seized! Staying silent will not help matters either as that may get you struck by bank levies, retirement … Continued

Save with the 24 Hour Pause

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Impulse buying can often lead to unnecessary spending and financial regrets. To curb impulsive purchases and save money, try implementing the 24-Hour Rule. Here’s how it works: By implementing the 24-Hour Rule, you give yourself time to evaluate purchases objectively and avoid impulse buying. Over time, this simple practice can save you a significant amount … Continued

Swarming in credit card bills – Don’t dismiss a Chapter 7 Bankruptcy

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Struggling with overwhelming credit card bills can be a challenging and stressful situation. Fortunately, filing for Chapter 7 bankruptcy in New Jersey offers individuals a chance to regain financial control. Let’s talk about how our Chapter 7 bankruptcy attorneys were able to help Emily find relief with this option. Emily, like many others, faced a … Continued

10 HABITS THAT DRIVE YOUR FINANCIAL GROWTH

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Unless you’re in the small percentile of people who are have received a large inheritance or trust fund or won the lottery, you need to build your wealth from scratch. And, that’s not the easiest of goals. Between stagnating wages, growing debt, and a considerable increase in the cost of living, this seems futile. However, if you … Continued

What Is a Federal Tax Lien?

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Filing federal tax forms is one of those annual events that most people view as a hassle and not everyone can afford the taxes they owe, particularly in the era of the Covid pandemic. In fact, the back taxes owed by US taxpayers exceeds $130 billion dollars. Collecting on the back taxes is part of … Continued