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If you owe money to the Internal Revenue Service (IRS), you are probably looking for any possible way to resolve the matter or reduce the amount that you owe. In some situations, you may be able to…
Continue Reading Requesting a Refund or Abatement from the IRS: When Can You Use Form 843?
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For many American taxpayers, April 15 is the worst day of the year. Beyond the drudgery of filling out forms and assembling documentation, these individuals know that they will have to write a big check to the…
Continue Reading Can’t Pay Your Taxes in Full? Consider Filing IRS Form 9465
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If you’re like many Americans, you enjoy gambling. Perhaps you hit Atlantic City or even Vegas a few times a year, having fun while winning a few bucks. But how does your gambling affect your taxes?
Gambling…
Continue Reading IRS Gambling Losses Audit
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It can happen to anyone. Getting behind on your taxes is a far too common occurrence. Yet tax debt can often be overwhelming, threatening your financial security and making it hard to keep up with your other…
Continue Reading IRS Tax Debt Forgiveness
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Each year, individuals in the United States who hold foreign financial accounts are required to file a Report of Foreign Bank and Financial Accounts (FBAR). A failure to file when required to do so can…
Continue Reading FBAR Penalties
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Tax problems can happen to almost anyone. Perhaps you got behind on your estimated payments as a self-employed individual, or you withheld too little from your paycheck, and now owe thousands of dollars to the IRS. Whatever…
Continue Reading Offer in Compromise Pre-Qualifier Tool
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There are few things that are more intimidating than getting a letter from the IRS. When you see that envelope, you may be worried about an impending audit or that something is wrong with your taxes. If…
Continue Reading IRS Notice LT-11
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The IRS isn’t the only government entity that audits your tax return. The New Jersey Division of Taxation could opt to audit your state return, and the process can be equally stressful and complicated.
The statute of…
Continue Reading Statute of Limitations for New Jersey Tax Audits
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Paycheck Protection Program
If your business is in immediate need of cash, the federal government has rolled out several different programs to assist businesses, one of which is the Paycheck Protection Program. The Paycheck Protection Program (“PPP”)…
Continue Reading Paycheck Protection Program
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When you can’t afford to pay your tax debt, the IRS relies on collection statement forms to determine if you are able to pay and, if so, what options are available to you. At present, it uses…
Continue Reading What is the Difference Between Forms 433 A, B, F, & H?
