Experienced Tax Attorney Serving Randolph, NJ
As a Randolph Tax Lawyer, I spend all of my time helping individuals and businesses solve their tax problems. If you have a tax problem in Randolph, I can help you solve yours, too.
If you are behind on your federal or state income taxes, if you have not made your federal payroll tax deposits, or if you are facing any other issue with the Internal Revenue Service (IRS) or the New Jersey Department of Taxation, the problem is not going to go away on its own. In fact, the longer you wait to deal with it, the worse it is likely to become, and the more challenges you are likely to face while attempting to achieve a resolution.
Paladini Law is a New Jersey law firm that helps individuals and businesses with their state and federal tax problems. After several years working for a highly-respected tax law firm in California, I moved back to my home state of New Jersey to open my own practice. I enjoy helping people overcome their tax problems (yes, really), and I wanted to build a law firm that was devoted to finding creative and cost-effective solutions to challenging tax issues.
Personalized Tax Advice for Individuals and Businesses in Randolph
Have you received a letter from the IRS or the New Jersey Department of Taxation? Are you facing substantial taxes, interest, and penalties following an audit? Are you being penalized because your former spouse understated his or her income on your joint return? These are just a few examples of the types of issues I see on a daily basis. If you have questions or need advice, as an experienced Randolph Tax Attorney, I encourage you to get in touch. I offer free, 20-minute consultations so that we can get to know each other. And if you choose to move forward, I will work closely with you to secure the best possible outcome.
“Brad has helped me with numerous tax issues. . . . [I] recommend him to anyone with tax issues!” – Jacob William
“Brad . . . has helped me with various issues. . . . He is genuine, reliable and extremely knowledgeable. I would recommend Brad to anyone looking for a trustworthy and knowledgeable tax attorney.” – Daniela Carbone
Having a trusted and proven Randolph Tax Attorney on your side is vital.
Areas of Representation
Tax issues are rarely straightforward. When I represent clients in matters involving the IRS or the New Jersey Department of Taxation, my goal is to make the process as transparent as possible while ensuring that the agents involved have an accurate understanding of my client’s individual circumstances. I regularly assist individuals and businesses with tax matters including:
- 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
New Jersey Tax Attorney, Brad Paladini, Answers Your Tax Questions
Q: What are the penalties for failing to pay federal income taxes?
The penalties for failing to report your income to the IRS or pay your federal income taxes can be severe. Examples of IRS tax penalties include:
- Failure to file: 5 percent per month, up to 25 percent
- Failure to pay: From 0.25 to 1 percent per month
- Negligence or substantial understatement: 20 percent of the underpayment
- Fraud: 75 percent of the underpayment
Q: Is it possible to have IRS tax penalties waived or reduced?
Yes. When dealing with the IRS, it is possible to seek to have your penalties waived or reduced. While initial requests for penalty waivers (referred to “penalty abatements”) are usually denied, taxpayers tend to be more successful in securing waivers or reductions on appeal. If you were assessed penalties following an audit, you may be able to negotiate the penalties while appealing your audit determination as well.
Q: Can I file for bankruptcy in order to avoid paying income taxes and penalties?
Maybe. Income tax debt is eligible for discharge in bankruptcy subject to certain conditions, and certain penalties can be discharged through the bankruptcy process as well. However, filing for bankruptcy also has numerous other implications. So you will want to explore all of your alternatives with a knowledgeable Randolph Tax Attorney before choosing the best path forward.
More Questions? Contact Paladini Law for a Free Initial Consultation
If you would like more information about how to deal with your IRS or New Jersey Department of Taxation tax problem, please feel free to get in touch. I will be happy to discuss your situation with you in confidence. To get started with a free, 20-minute initial consultation, with a seasoned Randolph Tax Attorney, please call (201) 381-4472 or tell me how I can help online today.