Looking For A La Puente Tax Attorney?
Are you or someone you know going through IRS debt problems in La Puente? Every year, taxpayers have to undergo the process of submitting income tax returns to the IRS and state tax agencies. For tax professionals, this means working on Penalty Abatement cases for clients in California following each tax season. The IRS and states will assign fees and interest to unpaid balances or because of missed filing deadlines. These additional charges can lead to tax debt, turning a simple error on a tax return in a problem that can be difficult to remedy. For this reason, our tax specialists urge people in La Puente to appeal the penalties if there is a good case against them. This may sound like it requires a tax attorney, but with a team of CPAs and Enrolled Agents, IRS Tax Practitioners are capable of resolving this issue and providing a wide range of tax services.
Knowing and trusting your tax debt specialist is very important to the success of a case. Hiring a local tax attorney may sound like the most appropriate way to handle this problem, but even though our headquarters are not in La Puente, our company prides itself on quality service and a comprehensive knowledge of the tax code and how to manage IRS debt problems. We can walk you through many parts of the case but ultimately you must decide choices like your payment method, which type of expert should work on your negotiation and what you can afford in each installment. Our tax professionals can quickly recommend a solution and may be able to offer more resources and better prices than a La Puente tax attorney.
Penalties can be abated by IRS debt specialists if they were issued to an individual in error or if circumstances made it extraordinarily difficult to properly file a tax return and pay the balance owed. Anyone facing death or serious illness within their family or business, unavoidable absences or destruction of property may have a case for penalty abatement. This also applies to taxpayers that cannot determine the amount owed to the corresponding tax agency or have had their ability to pay impeded by civil disturbances. At this point, the appeal process can begin and a tax professional can begin representing their La Puente client to the IRS or state.
If an individual is responsible for the issue with their tax return, a tax debt specialist will recommend paying off any balance quickly to avoid the consequences of tax debt. Sometimes a tax debt problem will require help from a La Puente tax attorney because legal advice is needed. If proceedings are not handled properly and in a timely manner, their balance is likely to grow. For taxpayers that missed their payment deadline, the IRS will charge interest at a rate of 0.5% per month to a maximum of 25%. Anyone who has failed to file their tax return by the set date will be charged 5% interest each month, also to a limit of 25%. This higher rate of interest leads tax experts to suggest that a client that is unable to pay their income tax return balance still files on time because debt will grow faster at the 5% rate.
Avoiding future tax debt is crucial, but understanding the ins and outs of your current case is also very important. The IRS has set up programs for resolution that are defined by certain guidelines. Our tax professionals can set you up with programs under the same conditions as a local La Puente tax attorney. In addition, you may get access to more resources that better solve your case than those offered by tax lawyers in La Puente.
According to tax debt specialists, inaction when faced with IRS problems is one of the main causes of tax debt. If you have missed filing or paying for an income tax return this year, now is the time to find a solution. These tax professionals are offering free consultations for tax issues ranging from income tax returns to tax debt resolution. Schedule a meeting soon and see what having the expertise of this talented tax relief team can do for you. Call an IRS debt representative today to make an appointment that will solve your tax penalty issues.