NJ tax audits can put businesses out of business. Fortunately, we were able to prevent that by saving our client $383,982.06 through an NJ closing agreement. Unprecedented Tax Challenge Our client was a successful contractor in the state. Unfortunately, he “won” the tax audit lotto and was subject to a brutal audit. NJ has draconian […]
One of our clients hit the jackpot in a high-stakes game with the IRS. After an intense audit scrutinizing over $10 million in gambling winnings, the taxpayer emerged with a ruling of ‘no change.’ This story of precision, perseverance, and a pristine record of gambling earnings stood up to the federal government’s scrutiny. A Gamble […]
Recently, we successfully filed a penalty abatement for a client with the New Jersey Division of Taxation, resulting in an impressive waiver of over $136,969.50 in penalties. The abatement, which represents a significant financial reprieve for the client, was the result of a penalty abatement form we submitted.