If you owe back taxes to the IRS and/or the State of California, and your assets are on the line, you need a competent and experienced tax attorney to aggressively represent you and assist in you settling your tax debt so that you can move forward. If you are a Los Angeles taxpayer and your tax problems are keeping you up at night, then it’s in your best interest to consult with and retain a reputable tax lawyer Los Angeles and beyond, at a well-positioned tax law firm like Hillhurst Tax Group, with an impressive success rate in settling tax debt and rapport with IRS agents and officers.
Your Los Angeles tax attorney will assess your tax problem and determine the best tax debt relief option for you, depending on your annual income, how much you owe to the IRS or state taxing agencies, and other factors. For instance, if you make up to $100,000 a year and your tax debt is $50,000 or less, you may be eligible to apply for an Offer in Compromise (OIC). If you owe less than $25,000 in back taxes and you enter an installment agreement (IA), the lien filed against you by the IRS will be removed but only upon request. Tax liens, levies, and wage garnishments are among the collection methods used by the IRS.
Federal tax liens are filed against taxpayers as individuals, not against their property, as it’s often misunderstood. The IRS will issue a notice of federal tax lien, followed by a notice of intent to levy if you don’t take action toward repaying your tax debt. You need a competent Los Angeles tax lawyer that is a hard-hitting negotiator to protect your assets because the IRS has the right to levy your personal property ( i.e moveable property such as your vehicles and jewelry), real estate, and investments. Filing for Currently Non-Collectible status (CNC) and entering into a monthly IA are two options to stop the IRS collection process.
If you’re looking for a top-rated and trusted tax lawyer Los Angeles and surrounding areas, do not hesitate to contact Hillhurst Tax Group by phone at 323-409-08, via the online contact form, or by email at info@hillhursttaxgroup .com to set up a free, no-obligation consultation with one of the tax law firm’s Los Angeles tax attorneys who will expertly review your case and discuss with you the best options to solve your tax problems, protect your assets, and win the best possible outcome for you.