Best Tax Attorneys in Edison

FAQs

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

  The Tax Court conducts trial sessions in the Martin Luther King Building & U.S. Courthouse at 50 Walnut St, Newark, NJ 07102.

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

  The low-income taxpayer clinic in Edison is located at 100 Metroplex Dr #101, Edison, NJ 08817.

• How can you determine if you are required to file an income tax return in Edison?

  You must file an income tax return in Edison if you meet the following criteria:

  • if your gross income exceeds $10,000 for the full year and you are single, married, or in a civil union filing separately, or
  • if you have a gross annual income of more than $20,000 and are married or in a civil union filing jointly, an eligible widow or widower, or the surviving civil union partner. Age is not a factor in filing as long as your income meets the requirements.

• Is it possible for the IRS to seize your home in Edison if you neglect to pay your taxes?

  Yes. The IRS may seize your home in Edison if you do not pay your taxes. However, before seizing your primary residence in Edison, the IRS must obtain written approval from a U.S. District Court judge. The IRS prefers that you pay your unpaid taxes through a payment plan or an offer in compromise in order to prevent the foreclosure of your house. Typically, seizing your primary residence is considered a final option for them. They will only foreclose on your primary residence if there is no other practical way to recoup the unpaid taxes.

• What are the methods to lessen or eliminate your outstanding taxes in Edison?

  To reduce or eliminate tax debt in Edison, you can employ the following methods:

  • Filing or amending original returns
  • Submitting an offer in compromise based on doubt as to liability
  • Seeking innocent spouse relief
  • Pursuing an audit reconsideration
  • Filing for bankruptcy
  • Establishing a partial pay installment agreement
  • Potentially eliminating tax penalties or interest
  • Allowing the statute of limitations on collection to expire
  • Challenging the tax liability in different courts
  • Using accounting techniques to balance out liabilities

• Does Edison have a specific time limit for claiming a tax refund?

  Yes. There is a time limit to claim a tax refund in Edison, which is usually the later of three years from the due date of a timely filed return (including extensions) or two years from the date of tax payment. There are certain exceptions to this rule, including refund claims involving items with longer filing deadlines, people serving in combat zones, or cases of financial disability. These exclusions can extend the time frame for submitting a refund claim.

• What are some of the most common reasons to engage the services of a tax attorney in Edison?

  Some of the most common reasons to hire a qualified tax attorney in Edison include:

  • Not meeting the deadline for paying state and/or federal payroll taxes.
  • Going through a New Jersey residency audit or requiring state tax relief consultation.
  • Dealing with significant back taxes and seeking options like a payment plan, offer in compromise, or installment agreement.
  • Facing an IRS or New Jersey state audit.
  • Involvement in tax evasion (tax fraud).
  • Having undisclosed foreign bank accounts or assets.