Long Beach Tax Attorney
Tax penalties can spring up unexpectedly on a California taxpayer for multiple reasons. The Long Beach tax attorney office has a capable staff with the knowledge and training to 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, a tax lawyer of Long Beach will be able to determine the best course of action to solve an individual’s tax problem.
During a tax attorney Long Beach’s preliminary meeting with a client, the main focus is always 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, Long Beach tax lawyers will analyze the source of the issue to determine whether penalty abatement is possible.
The IRS has six typical situations in which tax attorney in Long Beach 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 is 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 lawyer Long Beach can show that any of these cases apply to their client.
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 Long Beach tax attorneys 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. Call your local Long Beach tax lawyer today and see how they can find the penalty abatement option that works for you!