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New Jersey is a state where small businesses can thrive. However, New Jersey small businesses must also be ready for a common threat – an IRS audit.

Although federal tax crimes are serious matters, state tax authorities can prosecute state tax crimes aggressively as well. The state of New Jersey is no exception.  Convictions for tax fraud and tax evasion in New Jersey can have dire consequences. When a taxpayer is accused of such conduct, a New Jersey tax attorney is essential to defend the taxpayer’s rights.

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.

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.

The promise of anonymity and potential high interest rates are just two of the reasons investors might decide to explore moving funds to offshore bank accounts. But opting to deposit funds in a foreign bank account without understanding all the potential ramifications could be a mistake.