QUESTION
I have a question about back penalties and interest owed on State Sales Tax for and S corporation
Asked on Sep 07th, 2019 on Taxation - New Jersey
More details to this question:
I am currently trying to close out my S corporation. I owed sales tax from back in late 2006 and 2007. I owed about 1,200 dollars. I filed the returns and have been hit with penalties and interest of almost $50,000. Is there any way to negotiate the amount I owe into a lower more manageable amount.? I know there a law firms that advertise they can negotiate these repayments into a lower amount. Is this possible?
1 ANSWER
Criminal Defense Attorney serving Toms River, NJ
at
Edward J. Dimon
Update Your Profile
We have a tax attorney who is also a CPA. He negotiates with the New Jersey tax officials. He would have to review the file and determine where there are opportunities for negotiation. What is your accountant telling you ? Do you have all the tax records ? Please call to discuss. Ed Dimon, Esq. 732-797-1600 ext 235
Answered on Sep 10th, 2019 at 10:37 AM