When a taxpayer falls behind on their federal taxes, the IRS may file a tax lien on the taxpayer’s property. IRS tax liens can cause numerous financial problems for the taxpayer. The taxpayer will almost certainly want to take steps to remove the lien as soon as possible.
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You can’t pay your taxes. You are racking up penalties and interest and it’s gotten to the point where you know you are going to need the help of a New Jersey tax lawyer to negotiate some kind of payment plan with the IRS.
Read MoreIndividual and business taxpayers that owe the Internal Revenue Service back taxes might be able to pay less than they owe and still extinguish their IRS debt.
Read MoreNew Jersey Firms Could Be at Risk for Money Laundering: How to Protect Your Business
Articles/NewsPosted in on November 16, 2018
Money laundering happens in a variety of situations and in all different kinds of businesses. Basically, money laundering is the act of concealing illegally obtained money through actions designed to disguise the money’s origins by creating a false trail that seems to indicate it is the result of legitimate enterprise.
Read MoreA Closer Look at a Few Noteworthy Tax Offenses and Convictions
Articles/News, Offshore Account UpdatePosted in on December 30, 2016
The Department of Justice Tax Division has been aggressively cracking down on those who evade their tax obligations. One of the DOJ's main focuses has revolved around identifying people who fail to declare offshore funds. U.S. authorities have been making deals with banks to obtain information on accountholders and have created amnesty programs with the goal of getting certain violators to come forward and report previously undeclared offshore accounts in exchange for reduced penalties and avoiding criminal charges.
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