Serving All of: Alpaugh, Arvin, Bakersfield, Bodfish, Buttonwillow, Caliente, California Hot Springs, Delano, Ducor, Earlimart, Edison, Fellows, Frazier Park, Glennville, Keene, Kernville, Lake Isabella, Lamont, Lost Hills, Maricopa, Mc Farland, Mc Kittrick, New Cuyama, Onyx, Pixley, Porterville, Posey, Richgrove, Shafter, Taft, Tehachapi, Terra Bella, Tipton, Tupman, Wasco, Weldon, Wofford Heights, Woody
If these past years have been tough for you financially and you have fallen behind on your taxes, you should know that you are not alone. Lots of individuals and families have been struggling in this current economic landscape.
They all know that your current situation isn’t at all easy to deal with. If you don’t get a grip on this situation your debt accumulate and the IRS will begin to harass you mercilessly. They aren’t just going to forget about the money you owe them. At any moment they can show up on your front stoop and demand payment. And that would undoubtedly prove embarrassing for you and your entire family. Just because you have come to terms with your own debt, doesn’t mean you want everyone else to know about it too.
All of this may be hard to hear, but it is information that you need to know. The professionals at our tax debt relief firm serving Bakersfield may be blunt, but they will give you straightforward and essential advice.
More than anything, they want to help you eliminate your debt and move forward with your life.
Basic Services of a Tax Relief Firm:
Our firm in Bakersfield helps individuals deal with the IRS on a daily basis. We are tough, intimidating, and we refuse to let our clients be pushed around. IRS employees are terrified of having to deal with us and many are simply willing to appease our inflexible advocacy. We have contacts that you wouldn’t be able to get on your own and we might actually be able to get you enrolled in programs that can reduce the amount of money that you owe. Some of our basic programs and services include:
An Offer in Compromise: If you qualify for this settlement program, the IRS will actually forgive a good portion of your debt. It’s possible that your debt could be reduced by up to 90%.
Installation Agreements: Our tax relief firms are able to negotiate with the IRS to help get individuals like you on a payment plan that allows individuals to pay back your debt over time, instead of all at once. This would allow you to make room for any other expenses you may have and eventually pay back your all of your debts.
Additional Services of a Tax Relief Firm:
If you are currently looking for other avenues of eliminating or reducing your debt, we are able to also help you. Our qualified tax relief firm can help you accomplish a variety of tasks including:
Removing Wage Garnishments Quickly:
Did you know that the IRS maintains the authority to garnish 25% of your paycheck each month if you are behind on your taxes? Not only does this have the potential to be crippling to you financially, but it could also damage your reputation at your place of employment. Our firm excels at getting wage garnishments speedily removed from your paycheck.
Abolishing Penalties and Interest Charges:
Individuals who owe back taxes to the IRS often also owe interest and other penalties. Just like college loans, these charges add up the longer they go unpaid. Lawyers at our tax debt relief firm are highly skilled at getting these types of penalties and charges eliminated from your overall debt. By using a Penalty Abatement negotiation, our firm can dramatically reduce the amount of money you owe.
Eliminating Tax Liens and Bank Levies:
If your debt to the government has been spiraling downward continuously, then the government has the authority to place a lien on your property and prevent you from selling any of your assets. A bank levy, one the other hand, goes a step further than a lien. It allows the government to claim legal ownership over, seize your assets, and sell them at an auction. Our firm can get both liens and levies eliminated, by employing top-ranked lawyers that are efficient and skilled at dealing with these types of issues.
Complete Old Back Tax Returns
One of the quickest and easiest ways to become ‘compliant’ again is to complete your old back tax returns. If this is something you are unable or unwilling to do on your own, we can assist you by filling these returns for you. By claiming the incentives, exemptions, and deductions that you are entitled to you can drastically reduce the amount of money you owe.
Reaching Out to Our Tax Relief Firm:
Our services are utilized by a wide variety of individuals on a daily basis. We may be no-nonsense, but we genuinely enjoy helping individuals in our local community. With our help they can eliminate their debt, save money, and move on with their lives.
You too have the potential to be one of these people. If you think that one of the services at our tax debt relief firm applies to you, you should call us. We can set you up with a free, one-on-one consultation with any one of our advisors. During this consultation we can walk you through all of our services, explaining each program to you and noting how it applies to you directly. Debt can be scary, but it isn’t something you have to face alone. Call our firm today and we will offer you honest, straightforward advice that will you get out of debt.
Want to Find Out if You Could Legally Avoid Paying 95%? Some Bakersfield, CA Residents May Qualify
By Filling Back Returns, Bakersfield Residents Can Be Compliant with the IRS and State of California
We can stop the letters and notices from being sent to your Bakersfield Home
Want to spread your payments out over time? Our Bakersfield team can negotiate that for you
Helping all companies in the Bakersfield area finally solve their tax problems for good
We have Bakersfield attorneys standing by, ready to help solve your back tax problems for good
Alpaugh, Arvin, Bakersfield, Bodfish, Buttonwillow, Caliente, California Hot Springs, Delano, Ducor, Earlimart, Edison, Fellows, Frazier Park, Glennville, Keene, Kernville, Lake Isabella, Lamont, Lost Hills, Maricopa, Mc Farland, Mc Kittrick, New Cuyama, Onyx, Pixley, Porterville, Posey, Richgrove, Shafter, Taft, Tehachapi, Terra Bella, Tipton, Tupman, Wasco, Weldon, Wofford Heights, Woody
As a general rule, there's a ten year statute of limitations on IRS collections. This implies the IRS can try to collect your unpaid taxes from the date they were determined for up to ten years. Subject to some exceptions that are significant, after the ten years are up, the IRS has to discontinue its collection attempts. Each year, the statute of limitations expires for tens of thousands of citizens who owe the IRS money. If your Collection Statute Expiration Date (CSED) is close, the IRS or state of California may act aggressively to get you to pay as much as really possible before the deadline or consent to extend it.
Do Tax Attorneys go to Court With You?
Typically, many people usually choose to go with their tax lawyers to court. Just a Tax attorney is going to have the experience in achieving tax settlements. They will not have a full comprehension of the ins and outs of the assorted programs, while a CPA might be familiar with some tax resolution plans. Tax laws and codes are complicated and many times change yearly. In addition there are many applications available a distressed citizen may use to settle or reduce the amount of tax liability owed but only a seasoned tax lawyer will understand the way to qualify you and to establish both the most effective program to utilize in Bakersfield.
How Much Do Tax Relief Companies Cost?
Tax resolution companies in California are everywhere, each with extremely fluctuating rates of ethics and competence. And deciding on the best firm to fit for your needs may be challenging. One thing is said by some companies and do the precise opposite, although this is not completely unreasonable. Make sure you read the contract of a company carefully. Flat fees are verbally promised by some firms, but hourly rates are clearly outlined by their contracts. A set fee may be a good thing, because it motivates your tax professional to work difficult to resolve your tax debt.
What Should I Ask My Tax Lawyer?
Before you hire your tax lawyer in California, you should ask him or her the following questions: How long has he or she been practicing law? Do they merely practice tax law, or do they also work in other areas of practice? Have they formerly handled tax scenarios similar to yours? What is their assessment of your circumstance? What course of action would they recommend, if you hired him or her? Do they charge a flat fee or hourly rate, or do they use some other billing construction? Can you estimate my total legal fees?
Does a Tax Attorney Need a CPA?
Tax lawyers specialize in the minutiae of the Internal Revenue Service tax code. They supply advice on complicated legal issues, especially in the areas of trusts, estate planning, tax disputes, and business tax law. Attorneys are powerful negotiators who construct arguments that best support a position that is desired and examine case facts in light of the law. The court system can be used by them in ways that offer leverage in resolving tax cases in California. Therefore, they may need a CPA planning for future tax years and when maximizing deductions.
Where Do I Send my Offer in Compromise Payments?
There are just two alternatives for where to send the OIC: either Memphis, TN or Holtsville, NY. Because you live in Bakersfield, California, you would mail your offer to Holtsville. Pay the total quantity of the Offer in Compromise over the remaining life on the group statute of limitations. You may define a lump sum payment due within 90 days, and then monthly installment payments for the remainder of the collection interval. This 10-year span suspended or might have been extended by various activities taken by the IRS or by the taxpayer.
How Much Can My Tax Debt Be Reduced?
Depending on your individual situation, you can anticipate to reduce your tax debt beyond and by anywhere from 35% to 90%. When you have faced significant financial hardship in Bakersfield, like job loss, medical emergency, or something different, you may qualify for some programs which might drastically reduce your debt. But should you don't, only by removing the IRS penalties and interest charges, you can readily get 25% to 40% off of the sum you owe.
Does Tax Debt Affect My Credit Score?
If you make an application for a personal loan to cover a bigger-than-expected tax bill, your payment record along with the amount of the loan will be noticed in your credit reports. Though the drop is temporary and also the loan application itself will count as an inquiry into your credit , which can reduce your credit score a bit. In case you must apply for a personal loan in Bakersfield to cover a tax bill, begin by obtaining a free look at your credit strengths and weaknesses using a Credit History Card. Minimize loan applications by finding out a lender's minimum credit score requirements beforehand. Select a lender in California with credit requirements that fit your credit score.
Does Tax Debt Affect My Credit Rating?
When you don't pay a commercial debt, such as a loan obligation, your lender reports the missed payment to the credit bureaus. A tax debt is no cause for immediate panic since federal law forbids the government or California from reporting your tax debt to the credit reporting agencies. Should you not make arrangements to resolve your tax debt, nevertheless, your state (California) and federal governments have the right to file a tax lien against you. A tax lien provides the government the right to seize your assets in lieu of payment. A tax lien is a public record. As such, it is going to show up in your credit report hence this can impact your credit rating.
How Should I Choose My Tax Lawyer?
Selecting your tax attorney can occasionally be challenging but it is very crucial when it comes to your tax problems. Hiring a tax lawyer to assist you with your tax needs in Bakersfield, CA depends on your specific situation. The tax attorney you choose can either make it a million times worse or correct the issue. This is why specific questions must be asked before you hire the lawyer. You want to be sure you have someone working for you, and not against, true and knowledgeable, on your side.
Lets Get the Relief Process Started
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