Tax Issues in New Jersey Explained
It is important to understand that, once you have failed to file state and/or federal tax returns, both interest and penalties are applied that can severely increase your tax debt. If these arrearages are not satisfied, additional penalties and interest continue to accrue. This can lead to major stress for you or your business. A dreaded IRS audit is another matter that can put you in a state of undue stress. The IRS can actually take your wages, bank account, and other assets without even having an initial hearing. Speaking with our attorney along with access to CPA advice can lead to an appropriate course of action which may include bankruptcy to cancel or pay off your debt in three to five years.
All of these types of tax issues call for the services of a professional who is trained and highly-knowledgeable in handling them and who understands how to effectively negotiate with tax agencies when needed. Such issues can be resolved through efficient means after a careful review to determine your situation, what your options may be, and what you qualify for in resolving them with the appropriate tax agency.
Taking On Your State or Federal Tax Burden
Our firm can take on the tax burden you face to relieve you of the stress of having to deal with the IRS or other tax agency. Whether you need help understanding or responding to a state or federal tax notice, managing a situation involving a tax lien or back taxes owed, working out a tax settlement, or resolving some other tax issue, we urge you to speak with our tax law professional to learn your options and how best to move forward.