Are you looking for a Calabasas Tax Attorney?
Are you a taxpayer that resides in the Calabasas area? Have you been struggling to repay an IRS debt for long enough that you can’t see a solution? It is common to look for local Calabasas tax attorneys online through search engines and directories. While this can be useful when facing IRS problems, many taxpayers find reasonable solutions with quality results from professional tax companies. If you choose to hire a company staffed with IRS tax practitioners, which must be an attorney, a CPA or an Enrolled Agent, you may find that the settlement comes to you quickly and at a rate that might be more affordable than a locally based Calabasas tax lawyer.
Tax debt can be a burden to personal and business taxpayers. While tax payment may seem more complicated for business owners, both have a responsibility to pay the IRS on time. Tax experts can help either party with anything from how to stay compliant to the IRS to what debt resolution options are available to them. Inaction on IRS debt causes collection actions for any taxpayer that needs help determining how to solve their debt problems. Regardless of the age or size of debt, contacting a tax professional can start the process of working toward debt relief. Our main office is not located in Calabasas, but when you’re ready to start finding an appropriate resolution option, you can rely on our tax professionals that have negotiated thousands of IRS debt cases for clients from California to Florida.
Taking action towards debt settlement with a tax expert shows the IRS that a taxpayer is committed to repaying their balance. This will often stop any collection efforts the IRS may put in place. A taxpayer that owes on back taxes and takes no steps to pay will receive a notice of lien. Once a lien has been placed, the IRS has a hold placed on the individual’s bank accounts to guarantee payment. Liens damage credit ratings and stay on credit reports for 7 years. If the debt balance is settled, a lien can be removed within 30 days of full payment. If the tax debt is still ignored, the IRS will begin seizing property. They can even take parts of a taxpayer’s paycheck through wage garnishment. Working with a tax professional can bring the levy actions to a halt or even reverse them if settlement is enacted quickly.
Once a taxpayer has decided to repay their debt, a tax professional can walk them through the available tax debt resolution programs. They will analyze the debt owed, income earned and all expenses to determine the best plan for repayment. The IRS offers programs that account for multiple debt scenarios including owing on several debt accounts. Each settlement option involves providing an accurate description of a taxpayer’s financial life to prove what amount can be afforded for repayment. Tax debt experts recommend maintaining detailed tax records to aid in the process.
Our tax professionals want to put the power in your hands. The recommendations made by these tax debt specialists are personalized to your needs. The IRS guidelines that determine the best tax settlement are available to Calabasas tax attorneys as well as the tax professionals employed by our company. With every case, we work to offer as many tools and pieces of advice as possible to help you through your case. Sometimes our tax professionals provide more resources than a tax lawyer in Calabasas would to secure a successful resolution.
Each individual needs to decide for themselves what approach is best to resolving their IRS debt. It is very important for a taxpayer to know that, while only some tax debt cases require the assistance of legal counsel, only an attorney can provide legal advice. We are not a law firm or a group of Calabasas tax lawyers. Our company does employ a full staff of CPAs, Tax Professionals and Enrolled Agents that can show you the most appropriate options for settlement and explain which program best suits you and your financial situation.
Any taxpayers with debt that has become hard to manage can reach out to tax professionals to find a solution. If you are struggling to pay your IRS debt balance, now is the time to act. Tax professionals are offering free consultations and services from debt resolution to tax preparation. You don’t have to handle your tax issues alone. The best way to fix your tax debt problem may not be a local Calabasas tax attorney. Call one of our tax professionals today and get the answers you need!