Serving Individuals and Businesses in Westfield, NJ and All of New Jersey
Westfield, NJ is the best of both worlds: an award-winning downtown with a suburban feel and great schools. Westfield is known for its long-standing local boutiques in the downtown area. With a community pool, theater, lake, and other attractions, Westfield really does have it all. Our firm helps Westfield’s residents and businesses with all types of tax problems, including:
- IRS Installment Agreements
- IRS Offers in Compromise
- IRS Audits
- NJ Audits
- NJ Collections
- Disclosure of Foreign Assets
- Payroll Taxes
Frequent Asked Questions (FAQs)
How Long Does Will It Take to Settle My Tax Debt?
It usually takes less than 30 days to prepare an offer in compromise. Once filed, it usually takes the IRS between 3 and 9 months to pick up the case to review. It could take longer depending on how many offers are pending. The bad news is the IRS will file liens if they have not yet been filed. The good news is collection activity, such as levies and wage garnishments, are on hold while the offer is pending. So you can rest easy knowing you can use your bank account without the IRS swooping in and taking funds while the offer is out there. If the IRS makes no determination on the offer within 2 years, the offer is automatically accepted. But I wouldn’t count on this—I’m yet to see it in practice.
How Can I Pay Fewer Taxes?
Most will pay what’s due but no more. Unfortunately, for most taxpayers, there is no secret loophole that will save you thousands of dollars in taxes. If you’re a wage-earner, the best advice is to maximize contributions to retirement plans and other investment vehicles that result in tax deductions. Be careful of unreimbursed business expenses and other Schedule A deductions: many taxpayers overinflate these or don’t know what they may deduct. The IRS frequently audits these deductions.
What’s the Difference Between Tax Law Firms and Tax Resolution Companies?
Tax resolution companies often advertise promising miraculous results. They will say things like “settle your tax debt in 60 seconds.” The problem is these statements are simply not true. The tax resolution industry is plagued with unscrupulous businesses who survive only because of the high volume of cases they handle. Most tax law firms are different. Attorneys have ethical obligations to clients and won’t survive long if they participate in shady tactics. When looking for tax help, remember if it sounds good to be true, it probably is.
How Do I Get a Copy of My IRS Records?
You can request a copy of your IRS account transcripts by calling the IRS or by completing Form 4506-T. Your account transcripts will tell you things like:
- if you filed a tax return (or if the IRS filed one for you)
- the tax owed
- additional tax assessments
- whether liens were filed
- whether a final notice of intent to levy has been sent
If this isn’t enough information for you, you can also make a request through the Freedom of Information Act (a “FOIA request”). You can request your complete administrative file, including any filed tax returns and some internal IRS correspondence.
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 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.