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Tax Debt & Divorce: Does the IRS Care What the Divorce Decree Says?
In divorces where the couple amassed unpaid tax debt from jointly field returns, it is common for their divorce decree (i.e., marital settlement agreement or order of divorce) to allocate the tax liability to one or both spouses. Once properly entered on the divorce...
Online Gambling Tax Traps: Forms 1099-MISC and W-2G
With the recent explosion in popularity of online sports and casino gambling, we have seen an uptick in questions from those who have received Forms 1099-MISC and/or W-2G from DraftKings, FanDuel, and the like. Here’s what you need to know about each: Form 1099-Misc...
IRS Civil Penalties: Don’t Pay Without First Trying to Abate
It may come as no surprise that during its fiscal year 2022, the IRS assessed a whopping $73.6 billion in civil penalties against taxpayers. But what may surprise you is during that same time period, the IRS also removed, i.e. abated, $50.9 billion in civil penalties...
Unintended Consequences of Divorce: Court Holds Oral Agreement Could Overcome Automatic Revocation On Divorce Statute
In a recent decision issued by the United States District Court for the District of New Jersey, the issue presented was whether an alleged oral agreement between divorced spouses was sufficient to overcome NJ’s automatic “revocation on divorce” statute. See Banner...
IRS Offer in Compromise: Too Good to be True?
Anyone who listens to the radio or watches late-night cable TV has heard or seen the seemingly endless stream of advertisements from tax debt companies promising to settle anyone and everyone’s tax debt for pennies on the dollar. And the aggressive marketing...
New Jersey Releases Guidance to CPAs Filing Beneficial Ownership Reports Under the Corporate Transparency Act
On July 9, 2024, the Committee on the Unauthorized Practice of Law (the “UPLC”) appointed by the Supreme Court of New Jersey issued guidance in response to an inquiry from the New Jersey Society of Certified Public Accountants...
Mega Millions Lottery Mix-up: Eyet Law’s Matthew Eyet Weighs in on ABC 7 NY
On May 10th, a significant mistake was made in the announcement for the night’s Mega Millions drawing. As the gold Mega Ball dropped into the chamber, host John Crow made an innocent, but impactful mistake by calling the number 6, rather than the correct number...
Matt Eyet Interviewed on “Lawyers Who Care”
Matt Eyet, Esq., founder of Eyet Law, was recently interviewed on Lawyers Who Care, the video show and podcast that highlights attorneys that go above and beyond for their clients. You can check out the full video here, but keep reading for a recap of what...
Eyet Law Featured in Bob Vila Article About the Advantages of Working with Experienced Real Estate Attorneys
If you’re looking to buy or sell property, you probably already have a realtor—but you may not have considered the advantages of working with an experienced real estate attorney. In a recent article for Bob Vila written by Eyet Law’s Jacob Narva in collaboration with...