Tax Resolution Services In Orange County
Seeking a resolution to your problems with personal or business taxes in the United States is crucial. Fines and penalties can start to rack up quickly when you simply ignore them. There could be a series of requirements that you might not be aware of for your current case as taxation law can change regularly in the state of California and across the United States. Whether you are a dual citizen or a primary US citizen, you could be facing a series of local tax consequences and international tax consequences by failing to pay your taxes on time. If you are looking for tax resolution services in Orange County, then we have you covered!
What Tenina Law Can Provide You
f you are in a difficult spot with your taxes and finances, it can be crucial to reach out to an expert to make sure that you are not overpaying on penalties and that you can find appropriate tax resolution services in Orange County.
Tax resolution services will help you with knowing your rights and responsibilities as a US taxpaying citizen. By seeking out the legal help that you need, you can resolve some of your tax problems and make sure that you can navigate your way through difficult audits, repaying a large tax bill, or negotiate with the IRS regarding the current taxes that go. If you’re continuing to see the fines and interest stack up on your taxes, seeking out a tax attorney could be a wise step forward.
Why Seek Tax Resolution Services?
Tax resolution services will assist you in navigating the complicated procedure that a tax dispute resolution can bring on. Tax resolution services mean that you’ll have an advocate in your corner that’s able to answer questions as well as find the shortest path to resolve your ongoing tax problems.
Why It Is Important
Whether you’re facing a series of tax disputes over several years with the IRS or you are being audited for the first time, working with somebody that has the appropriate experience in tax law will make sure that you are getting up-to-date representation. Tax law changes regularly and the penalties that you are facing in your current tax year could be different from penalties that you faced before. Finding experienced IRS Tax attorneys will help to save you a significant amount of money in paying back the IRS or ensure that you can find a resolution that will be more comfortable for your finances.
Rather than risking your financial future, seeking out tax resolution services in Orange County can be the best step that you can take at preventing problems in the future.
Ways To Get Tax Relief
When it comes to strategies for managing taxes you can’t afford to pay in full when they’re due, you have several options. Below are four methods to consider.
- IRS Repayment Plan
The IRS may allow you to break down your full balance into smaller payments. To qualify for a long-term payment plan (paying over 120 days or longer), you need to owe $50,000 or less in combined taxes, penalties, and interest. For a short-term payment plan of 120 days or less, your tax bill can be as high as $100,000. Although IRS payment plans can be helpful if you don’t have the funds to cover your tax bill in full, they come with a cost. Depending on the option you choose, you may pay a setup fee of up to $149 plus penalties and interest until your balance is completely paid.
- Offer in Compromise
If you’re struggling to pay your full tax bill. The IRS might allow you to settle your tax debt for less than you owe. Through what is known as an offer in compromise. Per the IRS, an offer in compromise “may be a legitimate option. If you can’t pay your full tax liability, or doing so creates a financial hardship”. When reviewing your application for an offer in compromise, the IRS will consider factors such as:
- Ability to pay
- To see if you qualify to settle your tax bill for less, check out the IRS Offer in Compromise page. You can also use the Offer in Compromise Pre-Qualifier online to confirm your eligibility and prepare your preliminary proposal.
- Penalty Relief or Interest Abatement
There’s a chance you may qualify for penalty relief from the IRS. This means that the IRS forgives the penalties you’ve been charged on your tax bill if you meet certain criteria. Such as not having any penalties for the past three tax years or paying or arranging payment for any taxes owed. You will still owe your taxes even if you qualify. But your overall debt will be lower once the penalties are removed from your outstanding balance. Interest abatement, or forgiveness on the interest you owe toward unpaid taxes, may be available as well, but it’s rare.
- Personal Loan
Another option to consider if you don’t have the funds available. Is taking out a personal loan. Determine whether you can secure a personal loan for less than an IRS payment plan offer before going this route. If you do opt to use a personal loan to pay for your tax obligation, research loan rates, and terms. Make sure you’re getting the best rate available. It is helpful to check your credit reports before you apply. Know what lenders will see when they review your application.
The Value Of Being Proactive
Remember, trying to hide from your tax bill won’t help you. In fact, as interest and fees continue to pile up. You’ll only make your tax problem worse by trying to ignore it.
Be proactive, file your taxes, and reach out to professional tax attorneys about tax resolution services in Orange County. See which options you have available. You can consult with a reputable tax professional if you feel overwhelmed. Also, know you have the right to reach out to the IRS on your own as well.
Choose Tenina Law For Tax Resolution
We are Southern California’s best tax attorney. Tenina law is a group that has been in business for more than 20 years. We are tax experts and have successfully managed numerous IRS negotiations. No matter if you’re a business owner, or someone looking for immediate help with tax issues, we can help. Penalties and interest will not stop accruing as long as the tax problem isn’t resolved. Our team can help you get the tax assistance that you need quickly. Our team is open and transparent, so you will get the right information to solve your tax problems. We want you to get quick and efficient answers that you need to resolve your tax problems.
The Services Provided By Tenina Law
- None Filed Returns
- Asset Or Property Seizure
- Criminal Tax Defense
- Wage Garnishment
- Installment Agreement
- Levies And IRS Liens
- Penalties And Interest
- And more
So if you are looking for a “tax attorney near me”, Contact us today. Learn more about working alongside a tax attorney in Orange County, Sherman Oaks. One of the many Southern California cities we provide service for.