Helping Individuals and Businesses in Newark With All Their Tax Problems
Newark is a city known for its prime location, its convenient airport, and its diversity. Whether you’re catching a hockey game at the Prudential Center or admiring the cherry blossoms at Branch Brook Park, there is always something to do. At Paladini Law, we represent individuals and businesses in Newark experiencing tax problems with the IRS or State of New Jersey. Facing a tax problem by yourself can be stressful. You may be tempted to do nothing and bury your head in the sand. But tax problems don’t solve themselves.
We handle many types of tax matters, including:
- IRS Installment Agreements
- IRS Offers in Compromise
- IRS Audits
- NJ Audits
- NJ Collections
- Disclosure of Foreign Assets
- Payroll Taxes
If you’re in or around Newark and need a tax attorney, call or text 201-381-4472. You can also contact us here.
Frequently Asked Questions (FAQs)
If I Can’t Pay My Taxes, Should I File Anyway?
Absolutely. It is a crime not to file your tax returns. Plus, even if you don’t file, penalties will be applied retroactively when you do file. The IRS can also file taxes for you through there Substitute for Return (SFR) program, often resulting in an inflated amount due. If you can’t afford to pay your taxes, there are always options such as an installment agreement or offer in compromise.
Why Am I Being Audited?
There are a few different reasons your tax return has been selected for audit. But odds are, it’s because something looks out of place with your return. When you file your return, the IRS compares it with similar returns. If something looks out of place, you are more likely to be audited. For instance, if your advertising expense is triple what other similar businesses with similar gross receipts are spending, you are more likely to be audited.
Will a Filed IRS Lien Impact My Credit?
Definitely. If the IRS files a lien, expect your credit to take a significant hit. It could be as drastic as a couple hundred points. But if you settle the liability or enter into certain types of installment agreements, the IRS will release the liens. Of course, you can always pay it in full, in which case the IRS will also release the lien.
What is FACTA?
FACTA is the Foreign Account Tax Compliance Act. It requires foreign certain foreign entities to report to the U.S. government about U.S. foreign asset holders. If you are caught not properly reporting your foreign assets, there are severe criminal and civil penalties. Many taxpayers are in the dark about the requirements and do not even know they are violating federal law. Fortunately, you have options to disclose foreign accounts to limit criminal and civil penalties.
Will the IRS Come to My House or Business?
Maybe. If you’ve ignored IRS notices, the IRS may try to reach you in person. This could mean a knock on your door at your home or business by an IRS Revenue Officer or Revenue Agent. If they catch you by surprise, it’s usually best to take their card and politely request an opportunity to consult with an attorney. Even if you think you’ve done nothing wrong, it’s always best to consult with an attorney about your potential exposure.
Why Paladini Law?
1. Free Phone Consultations
Call us at any time for a free phone consultation. We do not pressure potential clients into hiring us, but try to show people who we are and how we may handle cases.
2. Lawyers for People with Tax Problems
Paladini Law only handles tax cases. We do not handle any other type of case, meaning we can constantly refine our practice.
3. Prompt Responses
We return all contacts within 24 hours. There is no waiting days or weeks for a response from your attorney. Be confident knowing your questions and concerns will be answered promptly.
4. Clients Love Us
Here’s what one client has to say about her experience with us:
Brad helps make tax issues and concerns less daunting and does so with ease and professionalism. He was so thorough in explaining the whole process and has helped me with various issues ranging from simple to more complex. He is genuine, reliable and extremely knowledgeable. I would recommend Brad to anyone looking for a trustworthy and knowledgeable tax attorney. -Daniela
5. We’re Flexible
Life doesn’t operate on a 9-5. Sometimes you need a Saturday meeting, or an “after hours” phone consultation. At Paladini Law, we are flexible to your needs. Whether it be meeting at your business, a flexible payment plan, or weekend conference call, we are available to meet your needs and unique schedule.
Contact a New Jersey Tax Attorney Today
Don’t wait until it’s too late to solve your tax problem. Take the first step and call or text 201-381-4472 or contact us online for a consultation.