Looking For A Long Beach Tax Attorney?
Are you a taxpayer living in the Long Beach area? Are you struggling to overcome a tax debt problem that has recently been accruing interest and growing out of control? In any IRS debt case, the best move any individual can take is to find a tax specialist with the experience and knowledge necessary to negotiate with the IRS. Many people in your situation look to the internet to find local Long Beach tax attorneys. You may find, in considering all of your options, that a professional tax company can provide you with better solutions. IRS Tax Practitioners, which must be a CPA, attorney or Enrolled Agent, use their skills and quality service to set you up with a personalized resolution plan.
Tax penalties can spring up unexpectedly on a California taxpayer for multiple reasons. We may not have offices in Long Beach, but we have a capable staff than can address issues relating to tax penalties. During the course of this penalty abatement service, one of the company’s tax penalty experts will explain the source of the fees and help a client work towards getting them removed. There are several methods for cancellation of interest and other penalties. Within the first meeting, one of our tax professionals will be able to determine the best course of action to solve your tax problem. Not only will you enter a settlement program tailored to your needs, you may benefit financially from using our services as we may be able to offer them at more affordable rates than a tax lawyer in Long Beach.
During a preliminary meeting, a tax professional will introduce a client to the main strategy used in settlement, which is always focused on how the penalties began and what it will mean for the client if no resolution is found. The IRS will assign penalties to a taxpayer in the form of interest for 2 common reasons. The first reason is that an individual missed the deadline for filing their income tax return.
The second cause of tax penalties is unpaid dues from an income tax return. For both of these penalty cases, the IRS will charge interest on the amount owed from a return up to 25% of the original balance. To avoid a debt from these added charges, IRS debt specialists will analyze the source of the issue to determine whether penalty abatement is possible. By familiarizing themselves with the programs created by the federal government, our tax experts can set up repayments in small or large installments under the same IRS guidelines followed by Long Beach tax attorneys.
The IRS has six typical situations in which a tax debt expert can file for penalty abatement. These cases generally involve an issue that prevents taxes from being filed. Such instances include death and illness, records destroyed due to fire or other disasters, or impeded payment ability due to civil disturbances. The IRS will also relieve a taxpayer of any assigned penalties in the case of unavoidable absences, inability to determine the amount of the deposit or taxes due, and an inability to pay taxes with proof of ordinary business care. The IRS is likely to remove any interest if a tax professional can show that any of these cases apply to their client. As not all tax cases require help from a Long Beach tax attorney or other legal expert, choosing the right specialist will increase your chance for a successful resolution.
One aspect of tax debt that many people don’t consider is their legal rights. Every individual should know what they are entitled to during their case. If you need legal counsel, only a lawyer can offer you this information. We are not Long Beach tax attorneys or a law firm, but we have a full staff of Tax Professionals, Enrolled Agents and CPAs that have negotiated successful settlements for thousands of taxpayers across the country. With fast recommendations and resources that can simplify your tax debt resolution, you’ll have all the information you need to choose the right tax expert for you.
IRS penalties may not seem like a significant issue, but tax debt can amass because of the interest charged and become a problem that is significantly difficult to manage. If you have missed any tax deadlines, now is the time to talk with tax professionals to find a solution. These dedicated tax professionals have years of experience providing clients with reasonable and personalized solutions to issues such as yours. The faster an action is taken, the smaller the balance owed to the IRS. Long Beach residents can call our office today and see how we can show you penalty abatement options that works for you!