IRS Wage Garnishment
Owing the IRS back taxes can be a stressful process to resolve but if the IRS is threatening to levy your assets, you should take action immediately. Wage Garnishments are a specific type of levy in which the IRS will take action to take your wages each week to settle your debts. Understanding the circumstances in which the IRS can go forward in taking a portion of your salary may help you to prepare for the garnishments or allow you to challenge and stop it.
If you have back owed taxes and the IRS has started taking action to garnish your wages contact the professionals at JLD Tax & Accounting. We will work with you to resolve your situation while giving you the best alternative options.
IRS & NJ Audit Representation
When the IRS decides to audit you, it isn't necessarily a bad thing. The IRS chooses to review your income tax return for accuracy if it believes some or all of your return is incorrect. An audit doesn't mean that any tax laws were broken and it doesn't mean your return is incorrect either. But if you are being audited, it is wise to contact a JLD professional to help guide you through the process.
When people are being audited they assume that they will need an attorney, but this isn't the case. Attorneys can be pricey but a CPA will suffice. With all of the facts in hand, JLD Tax & Accounting can thoroughly analyze and defend your case. We will navigate you through the process and give you peace of mind!
What To Bring To Your Appointment:
An accurate and complete copy of the return you submitted
Expense Receipts
Mortgage Interest & Property Tax Statements
1099s
W2s
Any other important tax documents that are relevant to the year being audited
Documents pertaining to your business if you are self-employed
Foreign Income Information
What To Expect:
When you come into JLD Tax & Accounting, we will go through your information and come up with the best plan of action. The earlier you hire an accountant the easier it is to defend you during your audit, rather than waiting for the IRS threaten to levy or collect on the tax debt.