Federal and California Tax Resolution
The process of tax filing is one of the most important duties of each citizen. In some cases, this process may become too difficult for the taxpayer that they may altogether avoid it. This may invite troubles from the IRS on the taxpayer. In that, the proper course of action is to take help from the professionals in regards to Tax Resolution.
Federal tax and California Tax Resolution Services
What is IRS Tax Resolution?
Tax Resolution is the process of working with the IRS and third-party tax professionals to resolve the tax problems that a taxpayer may face. The laws of the IRS are quite helpful for the taxpayer that enable various forms of restitution for the taxpayer. But, because a lot of these issues may be complicated for some taxpayers, hiring a tax professional can make a big difference in how you work with the IRS.
Our tax resolution agency helps make sure that the taxpayer learns their best options and how to take full advantage of them, and, once the plan of action is in place, we help execute.
Our goal is simple: figure out the best move forward and then do it.
Tax Settlement and Resolution Services in CA
Tax Resolution Services may vary depending on the requirements of the client. By contacting our firm, you will be getting the best legal representation in the following fields:
Audit Representation & Attorney Help
We’re here so you don’t have to face the IRS alone. However, we will make sure that we can help before there is any charge for our services.
By creating a case with us, we evaluate your tax documentation to determine if you would benefit from tax audit representation. At that point, we will give you a better understanding of your situation, and what you can do, and, if one of those things is to seek audit representation, we present you with a flat fee for our services. All of this is to make sure that we’re not hurting you by charging for services that won’t benefit you.
Non-Collectible Debt
The financial condition of the taxpayers may not allow them to pay completely what they owe to the IRS. For some citizens, it becomes a decision between choosing a roof over their heads and paying the IRS. This situation can be turned in your favor with the help of our talented team.
The IRS offers non-collectible debt. With this status, you are verifying that with your current financial condition, you can not pay what you owe to the IRS in any way. So, the IRS will not charge any tax from you. The process of this may be difficult. So, if you want to take advantage of this, our team will help you identify if you are eligible for it. If so, what are the ways that it could be used in your favor?
Save You from Overpaying Your Taxes
The IRS is also bound to make mistakes, especially when it comes to determining what you owe. That may overcharge you. To make sure that you do not have to pay more than what you do, you can take advantage of the Transcript Protest.
Our team will help build your case by gathering all the required documents are presenting a formal transcript protest. The protest will help convince the IRS Agent that the information provided by the taxpayer is accurate and that they have made a mistake in overestimating your income. Once the mistake on their part has been rectified, you will be let go of paying any additional taxes than what you owe. It would help us save you from losing your hard-earned money.
Selecting an Installment Plan to Resolve Your Debt
In some situations, the financial condition of the taxpayer does not permit them to pay all the tax at once. And if they are late in paying the tax that they owe, the IRS may introduce some serious penalties on them. We make sure that you do not have to go through that.
The Installment plans offered by the IRS can go a long way in helping you pay your taxes in a manner that is suitable for you. Our professionals will help your present the best installment plan that suits your needs and follows the proposed rules of the IRS. It would ensure that your proposed payment plan is approved by the IRS without any kind of trouble.
Offer in Compromise
This is another great way to help those taxpayers who do not have sufficient financial capacity to pay the IRS. Instead of running from the IRS, there is a way in which the amount you owe to the IRS may be reduced. And that could be done through an Offer in Compromise.
An Offer in Compromise helps the taxpayer establish that in their current financial condition, they can not pay the tax. That entitles them to get owed tax reduced. You can get the owed taxes reduced substantially with the help of the Offer in Compromise. Our team will help you fulfill all the requirements and ensure that you are eligible for the program. Once you have managed to get the Offer in Compromise accepted, paying taxes would be much easier.
Forget about your Tax Troubles – Hire The Best My Tax Settlement
The IRS has various helpful plans for taxpayers who genuinely need it. Our team of talented legal experts is there to help you identify which plan is most suitable for you and guide you through the process. We offer all the best tax relief services in San Diego, CA. Our tax attorneys will make sure that instead of focusing on your tax troubles, you may focus on your business for a better chance of success. So, if you are facing any kind of tax troubles, go ahead and contact one of our experts and be worry-free.
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More Resources
How Much Should I Offer in Compromise to the IRS?
If you cannot pay your tax debt, you can try to settle with the IRS for less than what you owe. If successful, a partial payment arrangement or offer in compromise may be an option. An offer in compromise is a settlement agreement between a taxpayer and the IRS that allows taxpayers with financial hardship to resolve their tax debts for less than the full amount owed. The Offer In Compromise program becomes an option when other collection efforts have proven unsuccessful and allow you to settle your tax debt for less than what you owe. Here are some questions and answers about OICs…
How Much Will the IRS Usually Settle for? A Closer Look at Offers in Compromise
How Much Will the IRS Usually Settle for? Each year, the Internal Revenue Service (IRS) approves countless Offers in Compromise with taxpayers regarding their past-due tax payments. Basically, the IRS decreases the tax obligation debt owed by a taxpayer in exchange for a lump-sum settlement. The average Offer in Compromise the IRS approved in 2020 was $16,176. How do we get to that amount? In 2020, the IRS accepted 17,890 Offers in Compromise with a total worth of $289.4 million (resource). Divide $289.4 million by 17,890, and – presto! – you get an average deal in compromise of $16,176. Naturally, that number is meaningless…
What is the IRS Tax Obligation Forgiveness Program?
Benjamin Franklin once wrote, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world, nothing can be said to be certain, except death and taxes.” And sometimes death is preferable – ok, we added that part. In this article, we answer the question “What is an IRS Tax Obligation Forgiveness Program?” – Does such a program exist? And what do you do to benefit from it? In some cases, there is no way out of either one – death or taxes. But, if you find yourself on the wrong side of the IRS, however, you might be in luck: you qualify for the IRS tax forgiveness program. This program falls under the Deal in Concession part of the United States Tax Code…
Does the IRS Really Settle for Less?
You have actually most likely seen the commercials on television: A pitchman claims that you can resolve your tax expense for “pennies on the dollar.” All you need to do is work with the law firm in the business and also they will certainly use their special negotiating skills as well as inside knowledge to get you off the hook with the Internal Revenue Service (IRS). Is this true? Does the IRS Really Settle for Less? In the real world, however, it’s not so very easy to get the IRS to work out a tax financial obligation for pennies on the dollar. It does take place…
How to Stop an IRS Wage Garnishment or Levy
When you have tax debt, it’s possible that the IRS can garnish part of your income in what is referred to as a “continuous levy.” If you fail to reply to their request for repayment, the IRS will notify your employer, and a large portion of your income will automatically be charged toward your tax debt balance. They can take a quarter or more of your monthly income, which can imply hefty financial strain. The good news is, there are several choices for just how to quit IRS wage garnishment. Decide which alternative is best for you so you can stop IRS wage garnishment as well as reduce the worry associated with the financial burden.
6 Sure-fire Ways to Avoid an IRS Tax Audit
The IRS could be identified as one of the most powerful organizations in the United States. The IRS is exclusively responsible for collecting government taxes, applying federal tax regulations, and imposing penalties for late, incorrect, or deceptive filings. As a result, the IRS poses one of the largest economic dangers to many, many people and business owners. For this reason, knowing how to avoid an IRS tax audit can be highly instrumental. To sum it up, the IRS has distinct informative sources, legal standing, and a role as a law enforcement agency. In addition to that, the IRS additionally acts as a legislative-originating authority with a huge quantity of liberty…
3 Proven Ways to Stop California State Tax Levy on Bank Account
Like other states, levies are issued after the submission of final notice to taxpayers in California. Keep reading to learn about how to stop California State Tax levy. Such notices are usually sent for alerting taxpayers about the balance resolving issues. The matter can be resolved if and only if either you or your attorney call for resolving the balance. You know what levy results are on any bank account from which you ever received 1099. California Franchise Tax Board lien is often filled up when not filed. The higher authority California FTB can collect tax through the bank levy according to the California Revenue and Taxation Code Sections 18670 and 18817.
Tax Resolution Process: Our Process to Tax Debt Relief
What does the tax resolution process look like? What’s involved in tax debt relief? And, how long does it take? In terms of how long it takes, our answer to this is: it depends. And why that is so can be fleshed out by understanding the process and consideration that goes into the tax debt relief process. In this post, we lay out the process involved in tax resolution into 3 main phases: determination, emendation, and resolution. Step 1: Determination – The determination phase of the process is our first contact with clients, and it involves a lot of research on our part.
Corporate vs. Small Business Tax Resolution
You have actually most likely seen the commercials on television: A pitchman claims that you can resolve your tax expense for “pennies on the dollar.” All you need to do is work with the law firm in the business and also they will certainly use their special negotiating skills as well as inside knowledge to get you off the hook with the Internal Revenue Service (IRS). Is this true? Does the IRS Really Settle for Less? In the real world, however, it’s not so easy to get the IRS to work out a tax financial obligation for pennies on the dollar…