New Jersey Tax Legal Questions

I would need to know more about your overall income and taxes. The lottery winnings are taxable. As such, you must pay income taxes on the lottery winnings. You can take losses against the winnings. We have a CPA and tax attorney at our firm. I would first utilize your accountant to get an answer. As such, you would not of her additional cost for a tax attorney. However, if you wish answer of a tax attorney, we can make our tax attorney available to you. Please call to discuss.... Read Answer

chapter 11 is difficult because the company is restructuring and you cannot define the loss at this moment. chapter 7 is easier because compnay is going out of business and the loss can be defined. we have a tax attorney and cpa here at the firm to help with these issies. ed dimon 732-797-1600... Read Answer

You need to work with the IRS on a realistic payment plan which may include forgiveness of taxes owed. You cannot ignore the IRS. You can obtain your tax transcript for each tax year. This is the most crucial record. You can explain your situation. How much is owed ? Do you have assets? ... Read Answer

We can advise your dad with regard to the options available. Your dad should understand that the taxes must be paid. We can provide alternatives for your dad that will allow for the payment of the taxes. It would be most helpful if you prepared a very simple balance sheet. on the left you would put your dad's assets. on your right you would put your dads liabilities. that would be a good starting point. In addition, please prepare a timeline of the events that led to where we are now. you can also set for us any options for payment of the taxes. For example, a relative. For example, a reverse mortgage. Please email the balance sheet and timeline to me this evening.I will review. Please call and we can discuss.... Read Answer

We do over 660 tax appeals per year. We do them on a contingency basis. If a property owner is successful in having their assessment changed, then the assessment cannot be changed for three years by the municipality. if the assessment has not been changed, then the assessment can be changed if principality changes everyone's assess. The assessment can also be changed by improvements to your house. For example, if you get a building permit for a new kitchen, you must likely will receive a tax increase for the increased value of the home. Please call if you have any questions.... Read Answer

we have joe lacosta, esq., a tax attorney and CPA from Deloitte, here at our firm.  he would be able to render a formal opinion on what is or is not allowed. we are available to review the documents and prepare a written legal opinion. please call to discuss. ed dimon 732-797-1600 ext 235... Read Answer

These taxation companies are very clever with their written contracts. We would have to review the contract and compare the terms to what happened. We could then provide you with a written opinion as to what is possible and at what cost. Our fee for the contract review and research and written opinion would be $1500. Ed Dimon... Read Answer