Strategic Tax Advice for Individuals and Businesses in Roxbury, NJ
If you are dealing with the Internal Revenue Service or New Jersey Department of Taxation, I can help. As a skilled Roxbury Tax Attorney, I have saved my clients millions of dollars in taxes by negotiating payment plans and settling tax liabilities for a fraction of the amount owed.
If you are facing a tax issue involving the Internal Revenue Service (IRS) or the New Jersey Department of Revenue, what do you need to know? What do you need to do? What can the government do, and what are your risks if you do not comply with the government’s demands?
Tax issues are complicated. There is simply no other way to put it. The state and federal tax codes are extraordinarily complex, and unique rules and procedures govern tax controversies at the state and federal levels. To avoid paying more than you owe, you need to understand all of the various legal principles involved and you need to know how they apply to your unique personal or business circumstances.
Tax Law Attorney Serving Roxbury, NJ
My practice is devoted exclusively to representing individuals and businesses in tax matters involving the IRS and the New Jersey Department of Taxation. I have years of experience helping clients overcome a broad range of tax-related legal issues, and I have worked directly with hundreds of tax auditors and agents at the state and federal levels. Whether you simply have questions about your legal obligations or you need help avoiding substantial liability to the IRS or the New Jersey Department of Taxation, I can help. As a committed Roxbury Tax Lawyer, I encourage you to call or text me at (201) 381-4472 for a free 20-minute initial consultation.
“Brad helps make tax issues and concerns less daunting and does so with ease and professionalism. . . . He is genuine, reliable and extremely knowledgeable. I would recommend Brad to anyone looking for a trustworthy and knowledgeable tax attorney.” – Daniela Carbone
Experienced Legal Representation for Tax Audits, Appeals, and Other Matters
From dealing with outstanding tax liabilities to calculating payroll taxes and income tax liability on foreign income-producing assets, I can help regardless of what your needs may be. As a Roxbury Tax Attorney, my experience includes representing individual and corporate throughout New Jersey in 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
Frequently-Asked Questions (FAQs): IRS and New Jersey Tax Audits, Appeals, and Penalties
Q: How many years of tax returns will the IRS review during an audit?
Typically, IRS tax audits start with a review of a single year’s tax returns. However, if the IRS finds evidence of underreporting or underpayment, it may expand the scope of its review to three years. This is in contrast to tax audits conducted by the New Jersey Department of Taxation, which will usually involve four years of returns.
When facing an IRS tax audit, one of the keys to mitigating your potential exposure is to keep the scope of the audit as limited as possible. As part of my services in federal tax audits, I work with the revenue agents conducting the audit to limit the number of returns that are subject to review.
Q: How long do I have to file an appeal after an IRS audit?
Once your audit is over, the IRS will ask you to sign that you agree with its final determination. If you do not sign, you will receive a 30-day letter notifying you of your right to file an appeal. If you do not respond to this letter, you will then receive a 90-day letter (the “Notice of Deficiency”), which is your last chance to file an appeal before incurring tax liability.
Q: If I appeal the outcome of my IRS tax audit, will I need to go to court?
Not necessarily. While appealing the outcome of an IRS audit is a formal legal procedure, audit appeals are often resolved through negotiations with an Appeals Officer. The more questions you can raise about the veracity of the revenue agents’ conclusions during your audit, the more likely you will be to achieve a favorable outcome without going to court.
Q: What are the penalties for underpaying your federal income taxes?
The penalties for underpaying federal income taxes vary depending upon the specific circumstances involved. For more information, you can read: Common IRS Tax Penalties.
Contact Paladini Law for More Information
If you live in Roxbury, NJ, and are facing tax problems with the IRS or the New Jersey Department of Taxation, I want to help you. To discuss your situation in confidence, with a dedicated and proven Roxbury Tax Attorney, call or text (201) 381-4472 or request a free initial consultation online today.