From December 22, 2018, until January 25, 2019, the U.S. federal government was partially shut down. Now that it’s ended, the leading question for many New Jersey residents seems to be “When will I get my tax refund?” The Internal Revenue Service (IRS) was among the government agencies impacted by the closure. It retained approximately […]
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Every State’s Most Googled Tax Topics
Tax law is by far one of the most complex facets of US law. In fact, the US tax code runs over 2,000 pages in length. To make matters more complicated, laws and regulations are constantly changing year over year and state tax laws vary greatly from state to state. Failing to properly understand tax […]
What Assets Can the IRS Legally Seize to Satisfy Tax Debt?
If you have just received a notice from the Internal Revenue Service (IRS) stating that they intend to enact a tax levy, you’re going to be alarmed. Your biggest questions will likely be “Can they actually do this?” and “What can they take?” The answer to the first question is “Yes.” When you owe back […]
How Many Years Can an IRS Audit Go Back?
If you fail to file your tax returns or the Internal Revenue Service (IRS) notes any mistakes or irregularities on the returns that you do submit, it may initiate an audit, which is an in-depth examination of your financial records and transactions. Although people dread the idea of an IRS audit, they don’t happen often. […]
Nonfilers: What to do when you haven’t filed your tax returns in years
One of the most common types of matters I handle is the nonfiler—the individual or business that has not filed taxes in one or more years. One in every ten people who has a filing requirement does not file a return. Some common reasons people don’t file: An illness or family death around tax season […]
