A NJ tax attorney can help with a wide variety of issues. These include resolving back taxes, liens, collections, filing for innocent spouse relief, handling IRS audits and appeals, challenging the IRS in Tax Court, and more. A good tax lawyer will be able to simplify the process, minimize the stress and level the playing field with the IRS.
Our firm’s New Jersey tax attorneys represent individuals and businesses in federal, state and local tax matters. We handle tax audits, appeals, and litigation with the Internal Revenue Service, New Jersey Department of Taxation, local county Boards of Taxation and property assessment boards. We also assist clients with tax planning, transactional tax issues, trust and estate planning, and international tax nj tax attorney matters including voluntary disclosures of offshore bank accounts.
Each office provides a full range of tax services to businesses from choosing the appropriate form of entity at inception through structuring tax efficient business acquisitions and sales, spin-offs, mergers, liquidations, capital restructurings, corporate reorganizations and separation of ownership interests. We also provide guidance on the tax consequences of various employee benefit and executive compensation arrangements, such as bonus plans, stock options, profit sharing arrangements, 401(k)s, deferred compensation and Rabbi Trusts.
We are well known as leaders in the area of state and local property taxation, representing both owners and developers of commercial and industrial real estate in property tax appeals and redevelopment/eminent domain matters. We are experienced in obtaining private letter rulings and other favorable tax decisions for our clients with the IRS, NJ Taxation and local county Boards of Taxation. We counsel clients on potential real estate tax liability before they buy or develop property and assist in the preparation of revaluations and roll-backs of municipal tax assessments. We have a deep knowledge of the valuation and taxation of telecommunication properties, such as cellular towers and switching stations.
New Jersey is notorious for its high property tax rates, which are based on the municipality’s annual assessment of a property’s value. These assessments are made by local tax assessors who must evaluate each property in person and rely on neighborhood trends and historical data to comparatively appraise each property in the town. Despite the best efforts of municipal tax assessors, some property values are over-assessed and result in over-payments of taxes. Our lawyers help our clients contest these over-assessed property tax assessments in State and County Court.
Our estate tax attorneys have significant experience in helping our clients plan so that their assets pass to their loved ones with the minimal tax bite possible. We have helped countless families and other beneficiaries avoid or mitigate the tax burden through proper use of trusts, ownership structures, life insurance policies, annuities and other tools. We have a comprehensive understanding of the rules and regulations that apply to these areas, as well as the nuances of estate and gift taxes.
If you are facing a serious tax issue, it is important to contact a New Jersey Tax Attorney immediately. Our tax attorneys can advise you on your options and recommend the most effective course of action to take to resolve your matter in a timely and cost-efficient manner.