Famous Tax Attorney Settlement Irs Franchise Tax Board Oakland 2023

Six Questions to Ask Before Hiring an IRS Tax Attorney from www.toptaxdefenders.com

Tax Attorney Settlement with the IRS and Franchise Tax Board in Oakland

Introduction

When it comes to taxes, dealing with the IRS and the Franchise Tax Board can be extremely stressful. If you owe a significant amount of money or are facing legal action, it’s essential to seek the help of a tax attorney. In Oakland, CA, there are plenty of tax attorneys who can help you settle your tax issues and get back on track financially. In this article, we’ll discuss everything you need to know about tax attorney settlement with the IRS and the Franchise Tax Board in Oakland.

What is a Tax Attorney?

A tax attorney is a legal professional who specializes in tax law. They can help you navigate the complex tax laws and regulations, provide advice on tax planning, and represent you in legal disputes with the IRS or the Franchise Tax Board.

Why Do You Need a Tax Attorney?

There are many reasons why you might need a tax attorney. If you owe back taxes, have unfiled tax returns, or are facing legal action from the IRS or the Franchise Tax Board, a tax attorney can help you negotiate a settlement and avoid further penalties. They can also help you with tax planning and provide advice on how to minimize your tax liability.

Settling Your Tax Debt with the IRS and the Franchise Tax Board

If you owe back taxes to the IRS or the Franchise Tax Board, it’s important to take action as soon as possible. Ignoring the problem will only make it worse, and you could face legal action, wage garnishment, and even the seizure of your assets. A tax attorney can help you negotiate a settlement with the IRS or the Franchise Tax Board, which may involve an offer in compromise, an installment agreement, or a partial payment agreement.

Offer in Compromise

An offer in compromise is a settlement agreement with the IRS or the Franchise Tax Board that allows you to pay less than the full amount you owe. To qualify for an offer in compromise, you must prove that you can’t pay the full amount and that it would be a hardship for you to do so.

Installment Agreement

An installment agreement is a payment plan that allows you to pay your tax debt over time. With an installment agreement, you’ll make monthly payments to the IRS or the Franchise Tax Board until your debt is paid off. The amount you pay each month will depend on your income, expenses, and the amount you owe.

Partial Payment Agreement

A partial payment agreement is similar to an installment agreement, but it involves paying less than the full amount you owe. With a partial payment agreement, you’ll make monthly payments to the IRS or the Franchise Tax Board, but the total amount you pay will be less than the full amount you owe.

Legal Action

If you’re facing legal action from the IRS or the Franchise Tax Board, a tax attorney can help you fight back. They can represent you in court, negotiate a settlement, or help you file an appeal. It’s important to act quickly if you’re facing legal action, as the consequences can be severe.

Tax Planning

In addition to helping you settle your tax debt, a tax attorney can also help you with tax planning. They can provide advice on how to minimize your tax liability, take advantage of deductions and credits, and structure your finances in a tax-efficient way.

Conclusion

Dealing with the IRS and the Franchise Tax Board can be overwhelming, but with the help of a tax attorney, you can settle your tax debt and get back on track financially. If you’re in Oakland, CA, there are plenty of tax attorneys who can help you navigate the complex tax laws and regulations. Don’t wait until it’s too late – seek the help of a tax attorney today.

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