State and Federal Tax Attorney Serving Montville, NJ
Whether you are dealing with the Internal Revenue Service, the New Jersey Department of Taxation, or both, protecting yourself requires a knowledgeable and strategic approach to the complex issues involved.
As a Montville Tax Attorney, I deal with complicated tax issues on a daily basis. I also routinely meet with business owners and other individuals who are facing a significant amount of stress as a result of being contacted by the Internal Revenue Service (IRS) or the New Jersey Department of Taxation.
If you are in this situation, it is important to know two things: (i) you are not alone, and (ii) you have options available. The IRS and the New Jersey Department of Taxation routinely audit taxpayers for a variety of different reasons. While it may be the case that someone (such as an ex-spouse or ex-business partner) has reported you to the IRS or that the New Jersey Department of Taxation has questions about whether you underpaid, it could also be the case that you have been selected randomly. While you could be facing substantial tax liability, there could also be a simple solution to your tax problem.
Are you facing a potential tax issue in Montville, NJ? If so, I encourage you to give me a call. I have extensive experience representing individuals and business owners, and I can help you secure a favorable solution quickly, cost-effectively, and with minimal disruption to your business or personal life.
“Brad has helped me with numerous tax issues, and he’s probably the person most responsible for my mom being able to retire and keep her house.” – Jacob William
“Brad helps make tax issues and concerns less daunting and does so with ease and professionalism. . . . He is genuine, reliable and extremely knowledgeable.” – Daniela Carbone
Hire a trusted and proven Montville Tax Lawyer for your State and Federal Tax matters.
A Full-Service Tax Law Firm in New Jersey
If you have been contacted by revenue agents from the IRS or the New Jersey Department of Taxation, or if you are concerned that you could be liable for underpayment of state or federal taxes, it is in your best interests to speak with an experienced Montville Tax Attorney. A strategic, organized, and proactive approach is often the best way to mitigate any potential tax liability, and acting in good faith will improve your chances of being able to negotiate a compromise or avoid costly penalties. Paladini Law provides full-service legal representation for individuals and businesses in Montville, NJ, including representation for:
- IRS Installment Agreements
- IRS Offers in Compromise
- IRS Audits
- New Jersey Department of Taxation Audits
- New Jersey Department of Taxation Payment Agreements
- Disclosure of Foreign Assets
- Payroll Taxes
Answers to FAQs: Mitigating State and Federal Tax Liability
Q: What penalties could I face if I haven't filed my tax return or I failed to disclose foreign assets to the IRS?
The IRS imposes substantial penalties against individuals and organizations that fail to file their tax returns or disclose foreign assets. Although not filing a return is a federal crime that carries the potential for prison time, it is highly unlikely that you will be incarcerated. Instead, you will most likely be at risk for penalties calculated as a percentage of the amount you own. Learn more:
Q: What is an offer in compromise?
An offer in compromise is a way to pay less than you owe to the IRS. While not everyone will qualify to submit an offer in compromise, if you qualify, submitting an offer can be the best way to resolve your dispute with the IRS. Contacting an knowledgeable Montville Tax Lawyer is your first step.
Q: What are my options if I do not qualify to submit an offer in compromise?
If you do not qualify for tax relief under the Internal Revenue Code provisions governing offers in compromise, you still potentially have a variety of different options for reducing your liability or structuring a payment plan that you can afford to pay over time. For example, you may be able to have your file placed in currently non-collectible status or you may be able to negotiate an installment plan with a waiver of penalties. Learn more: 6 Options If You Owe Money to the IRS.
Q: Can I file for bankruptcy to avoid paying back taxes?
Maybe. While income tax debt is subject to discharge in bankruptcy after a certain period of time, there are many more considerations involved in deciding to file for bankruptcy. I can help you weigh your options. And if you choose to file, I can refer you to a local bankruptcy attorney in Montville.
Get Started with a Free Consultation
At Paladini Law, every engagement starts with a free 20-minute phone consultation with an experienced Montville Tax Attorney. If you would like more information about our tax services and the options you may have available, call or text me, attorney Brad Paladini, personally at (201) 381-4472 or inquire online today.