If you owe back taxes as an individual or a business to the IRS or the state of California, then you should know that you have multiple tax debt relief options. These include an IRS offer-in-compromise (OIC), being placed on currently non-collectible status, IRS installment agreements, or payment plans, penalty abatement, levy ( wage garnishment) release, and lien removal. You can learn more about each of these options by accessing the website of the reputable and trusted, Martindale Hubbell AV preeminent tax law firm Dallo Law and then clicking on tax debt relief under Tax Services.
For instance, a levy allows the IRS to seize and sell your property to cover the debt you owe. If you’re facing a levy or wage garnishments, it’s in your best interest to seek the assistance of an experienced and specialized tax debt relief attorney in California to aggressively negotiate with the IRS for the release of your wage garnishments or levy. According to the IRS, the levy is extremely powerful, so if the IRS has already issued a levy notice CP504 over your property, you should immediately contact an experienced tax attorney to protect your rights. Keep in mind though that the IRS can also levy your cars, bank accounts, and other assets without even issuing a levy notice.
Another option to settle your tax debt is by being placed on currently non-collectible status (CNC) when you cannot afford to pay back taxes immediately. You can read about the eligibility criteria and also about the IRS’s attempts to disqualify taxpayers from CNC. That’s why you need an expert tax attorney and CPA to negotiate with the IRS on your behalf and maximize your chances of getting placed on CNC. It’s also worth noting that your trusted legal counsel will help you choose the best tax debt relief option for you if you don’t qualify for CNC.
If you’re looking for a top-rated California tax attorney and CPA to assist you in settling your tax debt, do not hesitate to get in touch with Dallo Law Group in San Diego by phone at 619-795-8000 or by going to the award-wining California tax law firm’s website dallolawgroup.com and filling out the contact form in order to arrange a free case evaluation during a free initial consultation. A Dallo Law tax lawyer will also explain your tax debt relief options and determine the right one for you to help you regain your peace of mind and move forward tax debt-free.