Protecting Your Financial Future
Dealing with an IRS investigation or tax fraud allegations in New Jersey can be a daunting experience for both individuals and businesses. The IRS has significant authority and resources to pursue cases of tax evasion, unreported income, fraudulent deductions, and other violations of federal tax law. Whether you are facing a routine audit or a full-scale criminal investigation, the consequences can be severe, including hefty fines, criminal penalties, and the possibility of imprisonment.
At Norman Spencer Law Group, we understand the seriousness of IRS tax issues and are committed to defending our clients against IRS investigations, audits, and tax-related criminal charges. Mr. Norman Spencer leads our team of legal experts, which includes former IRS agents, certified fraud examiners, and forensic accountants. Together, we provide comprehensive legal representation, working diligently to protect our clients’ rights and minimize the financial and personal impact of IRS actions.
Defending Against Tax Fraud Allegations
Tax fraud is one of the most serious allegations that the IRS can levy against an individual or business. Tax fraud involves intentionally falsifying information on tax returns to reduce the amount of taxes owed. The IRS treats tax fraud as a criminal offense, and individuals found guilty of tax fraud may face significant fines, back taxes, and imprisonment.
Common forms of tax fraud include:
- Underreporting income: Deliberately failing to report all sources of income to the IRS.
- Overstating deductions: Claiming inflated or nonexistent deductions, such as charitable contributions or business expenses.
- Filing false documents: Submitting fake or altered financial documents to the IRS.
- Concealing assets: Hiding assets in offshore accounts or other financial vehicles to avoid taxation.
At Norman Spencer Law Group, we work closely with former IRS agents and certified fraud examiners to thoroughly review financial records and challenge the IRS’s evidence. We understand that mistakes can happen, and not every error in tax filings is an act of fraud. Mr. Spencer works to demonstrate that any discrepancies were the result of honest mistakes or misinterpretations of the tax code, rather than intentional wrongdoing. By building a strong defense, Mr. Spencer seeks to minimize the impact of tax fraud allegations and protect his clients from criminal prosecution.
IRS Audits: Navigating Complex Tax Examinations
Not all IRS investigations result in criminal charges—many begin as routine audits. An audit is an examination of your tax returns to verify their accuracy and ensure compliance with federal tax laws. While an audit may seem routine, it can quickly escalate if the IRS finds discrepancies or suspects fraudulent activity. Even a simple mistake on a tax return can lead to penalties, interest, and further investigation.
The IRS conducts several types of audits, including:
- Correspondence audits: The IRS requests additional documentation by mail to verify certain items on your tax return.
- Office audits: You are asked to visit an IRS office to provide documentation and answer questions about your tax returns.
- Field audits: An IRS agent visits your home or business to examine records and ask questions about your tax filings.
- Random audits: These audits are conducted without any specific suspicion and are part of the IRS’s random selection process.
If you are notified of an IRS audit, it is important to seek legal representation immediately. Mr. Spencer has extensive experience handling IRS audits and protecting clients from unfair assessments. Our approach to defending against audits includes:
- Document preparation: We ensure that all necessary records and documentation are gathered and organized to respond to the IRS’s inquiries.
- Representation in IRS meetings: Spencer will communicate directly with IRS auditors on your behalf to prevent misunderstandings and protect your rights.
- Challenging audit findings: If the IRS finds discrepancies in your tax returns, we will challenge those findings and work to reduce or eliminate penalties.
By being proactive and engaging a skilled attorney, you can often avoid the more serious consequences of an IRS audit, including additional penalties and criminal investigations.
Payroll Tax Issues for Businesses in New Jersey
Employers in New Jersey are required to properly withhold payroll taxes, such as federal income tax, Social Security, and Medicare taxes, from employee wages. Failure to comply with payroll tax laws can lead to significant penalties, fines, and criminal charges. The IRS aggressively pursues cases of payroll tax violations, and business owners and executives can be held personally liable for unpaid taxes.
Common payroll tax issues include:
- Failure to withhold taxes: Employers neglecting to withhold federal income tax or other required taxes from employee paychecks.
- Misclassifying employees: Classifying employees as independent contractors to avoid payroll taxes.
- Failure to file payroll tax returns: Failing to submit the required IRS forms, such as Form 941 for payroll tax reporting.
At Norman Spencer Law Group, we represent businesses facing payroll tax issues and work to resolve disputes with the IRS. Mr. Spencer and his team will analyze your payroll records, help you address any compliance issues, and negotiate with the IRS to resolve unpaid taxes and penalties.
Resolving Tax Disputes: Settlements, Penalty Abatement, and Installment Agreements
In many cases, individuals or businesses facing IRS investigations or audits may be able to resolve their tax issues through negotiation and settlement, rather than going to court. Mr. Spencer has extensive experience negotiating with the IRS and working to secure favorable resolutions for his clients.
Common forms of tax dispute resolutions include:
- Offer in Compromise (OIC): An agreement between the taxpayer and the IRS to settle a tax debt for less than the full amount owed. Spencer helps clients determine if they qualify for an OIC and negotiates favorable terms on their behalf.
- Installment agreements: If you owe back taxes but cannot pay the full amount upfront, Spencer can help you negotiate an installment agreement that allows you to pay the debt over time.
- Penalty abatement: In cases where penalties have been assessed, Spencer may be able to negotiate penalty relief, particularly if the penalties were unfairly applied or if the taxpayer acted in good faith.
By pursuing these options, Norman Spencer Law Group helps clients avoid the most severe financial consequences of IRS investigations and audits, while ensuring compliance with federal tax laws.
Why Choose Norman Spencer Law Group for IRS Tax Defense?
When dealing with the IRS, it is crucial to have experienced legal representation on your side. At Norman Spencer Law Group, we provide personalized, hands-on defense for individuals and businesses in New Jersey facing IRS investigations, audits, and tax fraud allegations. Mr. Spencer and his team, which includes former IRS agents, certified fraud examiners, and forensic accountants, work tirelessly to protect your financial future and ensure that your rights are safeguarded throughout the process.
Here’s why clients choose Norman Spencer Law Group:
- Extensive IRS experience: Spencer has years of experience representing clients in complex IRS cases, from audits to criminal tax investigations.
- Proactive defense strategies: We take a proactive approach to every case, working to resolve issues early and prevent further legal or financial consequences.
- Comprehensive legal support: From initial audits to trial and appeals, we provide comprehensive legal support at every stage of the IRS investigation process.
Contact Norman Spencer Law Group Today
If you are facing an IRS investigation, audit, or tax fraud allegations in New Jersey, it is crucial to take action immediately. Contact Norman Spencer Law Group today to schedule a confidential consultation and learn more about how we can help you defend against IRS actions and protect your financial future.