Best Tax Attorneys in Brick

FAQs

• Where does the Tax Court hold trial sessions closest to Brick, New Jersey?

  The Tax Court of New Jersey holds trial sessions for Brick tax cases at 333 West State Street, Trenton, NJ 08608.

• Where is the low-income taxpayer clinic that is closest to Brick, New Jersey?

  The closest low-income taxpayer clinic in Brick is the Legal Services of New Jersey Tax Legal Assistance Project, located at 1000 Morris Avenue, Edison, NJ 08837. You may call (888) 576-5529 for assistance.

• What organizations are included in tax-exempt rules in Brick?

  Organizations that have unrelated business income are included in tax-exempt rules in Brick. These organizations include social clubs, charitable foundations, trade associations, museums, hospitals and healthcare systems, educational institutions, and social welfare organizations. However, they still need to follow state, federal, and local tax rulings and resolve private foundation compliance problems.

• What factors trigger the IRS to conduct a tax audit in Brick?

  The IRS conducts a tax audit when they notice something unusual on a taxpayer's report. Its officers audit taxes when they found differences between an individual's or a business' declared income and IRS calculations. They also evaluate tax reports when they notice large foreign assets, tax return errors, and substantial digital transactions.

• How can tax attorneys help cryptocurrency investors in Brick resolve digital currency issues?

  Tax attorneys can help cryptocurrency investors in Brick resolve digital currency issues by representing them in any voluntary disclosure programs. They can also assist cryptocurrency investors in complying with the structure and determination of tax regime for nonfungible tokens. Tax attorneys can also help taxpayers respond to a John Doe summons or audit and file amended returns to reflect past cryptocurrency gains.

• What do you need to do to resolve fines and penalties due to missed tax payments and late tax return filings in Brick?

  If you are facing large fines and penalties due to missed tax payments and late tax return filings in Brick, you need to address your overall tax liabilities. In New Jersey, you have tax debt relief options for you to be able to pay your tax debts if you cannot settle them in full. You can either file for bankruptcy, use installment agreements, and file penalty abatement or offer in compromise.

• What can you do if your passport has been revoked due to serious delinquent tax debt in Brick?

  If your passport has been revoked due to serious delinquent tax debt in Brick, you need to pay all your tax debts to get back your passport. If you cannot pay your debts in full, you can set up an IRS payment plan or get an offer in compromise. The IRS will only reverse your certification if your tax debt is legally unenforceable and the certification is wrong.