LIENS, LEVIES, AND SEIZURES
A taxing authority can file a lien for unpaid taxes with the County Clerk Recorder in the County in which a taxpayer lives or where a taxpayer operates business. A tax lien is a public record of the taxpayer's unpaid tax liability and gives the a taxing authority a legal claim to a taxpayer's property as security or payment for his or her tax liability.
A levy is a legal seizure of property by the taxing authority to satisfy a tax debt. A seizure may include taking money from a taxpayer's personal or business bank account, retirement account, accounts receivable, and garnishment of wages. The taxing authority may also seize and sell a taxpayer's car, boat, or house to satisfy a tax debt. This is usually done as a last resort collection attempt. A taxpayer can appeal many tax collection actions. The are various appeal procedures available to taxpayers.
In resolving collection matters, our firm can assist taxpayers in the collection appeal procedure, negotiate an installment payment agreement, prepare an Offer in Compromise, or when necessary, advise as to the dischargeability of taxes in bankruptcy.
When a tax penalty is assessed, the tax penalty is usually added automatically to a taxpayer's debt without consideration of a taxpayer's circumstances for not filing a tax return or making a tax payment timely. Even if a taxpayer has a valid reason for not filing his or her tax return or pay tax timely, it is extremely difficult to remove tax penalties without professional assistance. The penalties which we can assist taxpayers in removing both at the state and federal level include:
INSTALLMENT PAYMENT PLANS
- Late income tax return filing/payment penalty
- Late payroll tax return filing/payment penalty
- Late estate tax return filing/payment penalty
- Late pension plan return filing/payment penalty
Tax installment payment plans help taxpayers who cannot afford to pay off their entire tax debt or make large payments to a taxing authority without economic hardship. In order to demonstrate "economic hardship" a taxpayer must be able to prove that by making full payment on the tax liability, a taxpayer would not be able to provide for his or her minimum living necessities. Generally, the minimum living necessities are food, clothing, housing, utilities, transportation, medical expense, and insurance expense. We are experienced in assisting taxpayers in setting up an installment payment plan that is affordable to the taxpayer's financial budget. The installment payment plan generally prevents a taxing authority from taking levy actions on a taxpayer's bank account, assets, or wages as long as the payments are current.
[Offer in Compromise]
[Tax Collection Defense]
[Tax Preparation Services]