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New Jersey Tax Law Questions & Answers
1 Answer | Asked in Tax Law for New Jersey on
Q: How to deal with advance payment income when you received form 1099

I have a business set up as an LLC. In Aug 2017, my client (a global company) did a one year contract with me and for the service to be rendered continuously (SaaS) from aug 2017 - aug 2018.

They sent me an advance payment for 12 months. I received a form 1099 from them that shows a full... View More

Linda Simmons Campbell
Linda Simmons Campbell
answered on Mar 29, 2018

It depends on the accounting method you are using - accrual or cash. It would likely be to your benefit to have this return prepared by an accountant.

1 Answer | Asked in Real Estate Law and Tax Law for New Jersey on
Q: What are some things I need to know when selling a property internationally?

Property is located in Nurnberg Germany. I am located in New Jersey.

H. Scott Aalsberg
H. Scott Aalsberg
answered on Mar 23, 2018

Best to ask your accountant because it all starts and is about taxes.

1 Answer | Asked in Divorce and Tax Law for New Jersey on
Q: What type of attorney do I need? I was divorced two years ago and I never consulted with a tax attorney through the...

process. Last year I used my ex-husband's accountant to file my taxes. This year I'd like to use an accountant separate from him. I have some legal concerns regarding me purchasing our marital home and the distribution of his 401K.

Linda Simmons Campbell
Linda Simmons Campbell
answered on Mar 16, 2018

It depends. If you have tax questions regarding the home and 401K then contact a tax attorney. If you have questions regarding the actual distribution, then contact your divorce attorney.

1 Answer | Asked in Family Law and Tax Law for New Jersey on
Q: Is it legal if a individual falsely declares 7 dependents on income checks and forces the burden on the spouse on 4/15?
Linda Simmons Campbell
Linda Simmons Campbell
answered on Mar 6, 2018

I am not sure if I understand what you are asking. If you are saying that your spouse did not have enough taxes deducted from their paycheck and you will owe when you file, then you have the option of filing married filing separately. If you file married filing jointly and there is a tax... View More

1 Answer | Asked in Tax Law for New Jersey on
Q: I stupidly didn't pay the IRS for my rental income, but want to, what to do?

i was young, dumb, and money OBSESSED. took some bad advice and didnt pay the IRS tax for rental property income. i want to come clean, what do i do? how can a lawyer help me exactly? i plan to see one soon.

o idea how many months all together the property was vacant, because I only have... View More

Linda Simmons Campbell
Linda Simmons Campbell
answered on Mar 3, 2018

Most of us offer a free consultation (just stay away from the places you see advertised on tv). We can assist you with the best way to file and what to do if you cannot pay the liability due once you file.

2 Answers | Asked in Divorce and Tax Law for New Jersey on
Q: What happens to federal tax owed after divorce, when both filed jointly

After 4 years of marriage, getting divorce, for the last 3 years filed taxes jointly, every year we owed federal tax,

Will both individuals still be responsible, will it be divided or both be responsible till full amount is paid.

Such as future returns being held for both, possibly audited.

Linda Simmons Campbell
Linda Simmons Campbell
answered on Mar 1, 2018

If you filed jointly then you are both jointly and severally liable for the debt. They can collect from one or both of you until the debt is paid, including any additional amount due after an audit. It does not matter what the divorce court orders.

There are collection alternatives that...
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1 Answer | Asked in Bankruptcy, Tax Law and Business Law for New Jersey on
Q: In a Bankruptcy, are money's held by a business owed to an investor paid 1st or 2nd to levies for back taxes to NJ?

I gave money to a car dealership in 2016. since then, the state imposed a levy on the business for back taxes (incurred 2005). The business has cash that is due me (from car sales). But accounts are locked up by lean/levy. will the accounts get released (so i can get my cash) if he files for... View More

Michael David Siegel
Michael David Siegel
answered on Feb 23, 2018

Unless you have a lien on the cars that are sold, called a floor plan financing, you are behind the taxes and the taxes will be paid as a priority claim.

1 Answer | Asked in Tax Law and Banking for New Jersey on
Q: Hello,I'm new to this forum and first time asking a question. This is more of an accountant type question.

Hope you can help with these questions. My parent passed away a few years ago and had life insurance. After bills were paid and other expenses the rest was divided among the surviving children. I did receive a small share in the form of a check. I kept the check and have not cashed it.... View More

Linda Simmons Campbell
Linda Simmons Campbell
answered on Feb 16, 2018

This is a difficult question to answer without a lot more detail. But in general, you would need to list the check as an asset on your financial statement. If you spend the funds on necessary living expenses prior to setting up a payment alternative it might not be an issue. Filing a fraudulent... View More

1 Answer | Asked in Real Estate Law and Tax Law for New Jersey on
Q: deed is under uncle's name until I pay off mortgage. Can he claim a loss of investment? it is listed as his 2nd home..

Uncle has his broker's license and until I pay off the house the deed is in his name. Can he claim any losses on the house even the the deed has the house listed as his 2nd home?

Leonard R. Boyer
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answered on Feb 10, 2018

There is an insufficient factual basis to answer your question, so please rewrite it and provide more details.

1 Answer | Asked in Contracts, Tax Law and Business Law for New Jersey on
Q: We have someone who is providing open ended capital. We want to give him 15%equity. What type of agreement would be give

He hasn't asked for equity but we want to give him equity and make him a limited liability investor. How do we do this? He will continue to provide money so there is no specific amount to equate to us giving him 15 percent. We currently have an established partnership for the company already... View More

H. Scott Aalsberg
H. Scott Aalsberg
answered on Jan 29, 2018

This is an agreement your lawyer will have to draft to protect both you and him.

1 Answer | Asked in Tax Law for New Jersey on
Q: I recently recieved my 2017 tax return after being out of work due to a work related injury which accured December 2016.

For a year i received my regular bi weekly pay which i pay state and federal taxes. But when i recieved my w2 it stated i only made $4900 when in reality i made over $35000 and contributed thousands of dollares to federal taxes. I never recieved workers comp or so should my w2 be fixed and how do i... View More

Michelle D. Wynn
Michelle D. Wynn
answered on Jan 29, 2018

You should contact your employer about the situation and ask them to issue a corrected W-2. Make sure that your correspondence with them about this is in writing. If the employer refuses to issue a corrected W-2, you will probably need to use your last pay stub of the year to calculate your income... View More

1 Answer | Asked in Foreclosure, Land Use & Zoning, Real Estate Law and Tax Law for New Jersey on
Q: Tax sale foreclosure in NJ: On only 1 of 2 lots which combined makeup prop address. Can foreclose addres inc both lots?

lienholder has lien on 1 landlocked, 2nd lot vacant, driveway. Twp merged 2nd lot with abutting lot which is also undersized vacant lot under Doctrine of Mergers. Lienholder Complaint foreclosing prop address which includes both lots.

I argued with twp assessor this was not correct app of... View More

Derek John Soltis
Derek John Soltis
answered on Jan 29, 2018

You need to speak to an attorney. You have very complicated issues surrounding your property, and no attorney is going to be able to guide you through how to solve your problem without first reviewing your file. Reach out to an attorney who focuses on tax liens and real estate.

1 Answer | Asked in Tax Law for New Jersey on
Q: If a trucking company from out of NJ is contracted by a co outside of NJ to pick up or drop off product in NJ

If a trucking company from out of NJ is contracted by a company outside of NJ to pick up or drop off product in NJ Is the trucking company subject to NJ corp tax?

Leonard R. Boyer
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answered on Jan 26, 2018

The income is subject to NJ corp tax.

1 Answer | Asked in Tax Law for New Jersey on
Q: I received property when my father passed and selling it. I live in NJ and wondered what inhertance tax will be due

The property is in Croatia. I'm a citizen of the US and live in NJ

Marcel Wurms
Marcel Wurms
answered on Jan 22, 2018

You didn't say whether your father was a NJ citizen. If he wasn't then NJ will not tax the property. If he was, then the property will be subject to the NJ estate tax calculation.

You should consult with a CPA or attorney fluent in NJ estate and inheritance taxation....
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3 Answers | Asked in Elder Law and Tax Law for New Jersey on
Q: I have custody of my granddaughter since August who has legal right to claim her on taxes.

This is not through courts. Her father and his wife is trying to claim her on their 2017 taxes she has not been in his care since Feb 2017 nor has she with him she was still using his address to go to school in his area she was taking train or bus to school every day.there was a case filed in Feb... View More

Leonard R. Boyer
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answered on Jan 10, 2018

If the Court did not sign an order giving you legal custody, than you do not have legal custody. Unless and until you do, your questions are moot. To properly answer your questions and address your concerns, the best way to handle this is by retaining an experienced matrimonial attorney. You need... View More

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1 Answer | Asked in Tax Law for New Jersey on
Q: If you file for bankruptcy can that eliminate tax debt?
Leonard R. Boyer
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answered on Jun 6, 2017

Under certain very specific circumstances Bankruptcy can eliminate personal income taxes, but never sales or payroll taxes.However, it can also be used to make payment plans.

1 Answer | Asked in Tax Law for New Jersey on
Q: If I owe state taxes does my Federal refund automatically go to them?
Linda Simmons Campbell
Linda Simmons Campbell
answered on May 10, 2017

If your state tax agency has sent the IRS a notice that you owe state taxes and they want your refund it will go automatically to your state (provided you do not owe the IRS taxes as well).

1 Answer | Asked in Tax Law for New Jersey on
Q: I filed my taxes with a tax service and they left out my 1099g form and are saying I never gave it to them, now irs is

fining me and the tax service is blaming me and will not explain anything to me other than my fault I have to pay

Stanley H Block
Stanley H Block
answered on Mar 17, 2017

When you sign a tax return above your signature reads the following: Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and accurately list all amounts and sources of... View More

2 Answers | Asked in Divorce, Real Estate Law, Tax Law and Stockbroker Fraud for New Jersey on
Q: while divorcing from bed & board to be defrauded by quit deed conveyance while ousted marital home sold violates MSA ?

During div. From bed & board attempting amicability for kids only to be subjected to harrasment,false accusations,fraud,non disclosure funds,etc. to keep me away allowing fraudulant quit claim conveyance never signed,etc., shortly after marital home jointly mortgaged sold. MSA stated clearly... View More

Leonard R. Boyer
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answered on Jan 2, 2017

No attorney here is going to second guess your current attorney. You need to trust your attorney and direct all your questions to the attorney. If you cannot work out your differences, after making a serious effort to do so, you do have the right to change attorneys. To properly answer your... View More

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1 Answer | Asked in Tax Law for New Jersey on
Q: My mother claims me as a dependent on her taxes yet provides nothing but emotional abuse. Is that tax fraud?

I'm 21 and living with my grandmother and mother in an extremely emotionally abusive situation. I tried to get away by going down to social services for emergency housing but was denied and left with no other option but to go back. I'm underweight because they only allow me to eat... View More

Leonard R. Boyer
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answered on Dec 17, 2016

No it is not tax fraud, but you need to retain an attorney. If you cannot afford an attorney, contact local law school legal clincis and women's help organizations. Good luck.

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