Tax Relief Attorney Los Angeles
No matter your income level, everyone can be subject to falling behind on their taxes; especially since Los Angeles, California can be home to some of the most expensive rates in the country. If you live in this area and have been in the need of tax relief, there are many options out there that can help.
Why Hire Our Los Angeles Tax Relief Firm?
ARE YOU ONE OF THE THOUSANDS LOOKING FOR TAX RELIEF IN LOS ANGELES?
There are many cases when a person would need to consult professional help for their tax-related issues. No matter how you look at it, thousands of dollars is a substantial amount of money in Los Angeles; difficult for anyone to set aside for the pay off tax issues. For most, this is an amount that is not attainable. One of the main reasons why people need the help of Victory Tax Lawyers’ Los Angeles tax relief expertise. Let’s take a look at some of the reasons for tax relief services for Los Angeles residents:
IRS Tax relief programs
Now that you owe the government money, the IRS will assess you with a failure-to-pay penalty. The fee for this usually starts out around 0.5 percent per month and continues until the full offers in compromise are paid off or until the limit is capped off at 25 percent.
We know how to reach a tax settlement
If they do not file for you, the IRS would apply a failure-to-pay penalty on your account. The penalty for completely failing to file your taxes is a lot worse than failing to pay a credit card on time.
The failure to file fee is 5 percent of the unpaid taxes for each month that your return is late. This is a very steep price to pay and can add up very quickly, putting individuals into tax issues. Situations like these are when tax relief services are needed the most.
Tax Relief Services | Los Angeles Tax Relief
If you choose not to get professional tax relief help, you could be facing intimidating situations on your own. The IRS can collect money or penalize you for the amount of tax payments that you owe with a tax lien or tax levy. Our tax lawyers help fight the IRS by specializing in installment agreements, offer in compromise OIC, and the IRS hardship program.
What is a Tax Lien?
If you have an incorporated business or LLC, the government is only able to file a lien on your business property. The business property that the lien then encompasses can be anything such as the following: physical property like equipment, buildings and inventory, and intellectual property such as copyrights, patents, and trademarks. Any of these things will classify as business property.
For sole proprietors and business partners that are overdue on their taxes, the government can file a lien on their personal assets. As stated before, personal assets can include things like your home, investments, your car, and even the property that you acquire while the lien is in place.
If you choose not to get professional tax relief help, you could be facing intimidating situations on your own. The IRS can collect money or penalize you for the amount of tax payments that you owe with a tax lien or tax levy. Our tax lawyers help fight the IRS by specializing in installment agreements, offer in compromise OIC, and the IRS hardship program.
What is a Tax Levy?
a tax levy. A tax levy is a legal seizure of property in order to satisfy a tax issue. If you owe taxes the IRS can physically take away your property,
after placing a levy on your property and assets.
This is a multi-step process. The first thing that the IRS will have to do is send you a “Notice of Demand for Payment”. This is what happens after their tax assessment has been made. The next step that propels the process forward is if you happen to ignore their letter or refuse to pay
the levy tax that is shown on the notice that they send you.
A tax levy and a tax lien may sound the same, but they are actually quite different. A tax lien is put in place to help the government secure their interest in your property whenever you fail to pay your taxes on time.
A tax levy is what will actually allow the government to take your property away from you in order to pay off the amount that you owe.
If you feel as though you cannot pay off your tax in full, you should always look into the options you have available such as installment agreements.
A tax relief expert can help you out with understanding the different methods and processes of paying off your taxes, but essentially an installment agreement is a payment arrangement.
This is usually a great option for those that can’t afford to pay off the full balance at once, and it will allow you to avoid the unwanted consequences of choosing to pay nothing at all. If however, you were unaware of this information and your property has already been seized, you may still have a chance of getting it back by filing a release of lien form. These are only accepted once the full amount of what you owe the IRS has been paid back, but at least you will have the opportunity to retrieve your property once it’s been seized.
Request A Free Consultation With Victory Tax Lawyers Today!
Many people believe that once you fall into tax problems there’s no way out. This is not the case. There are many solutions to this issue that even the IRS is willing to offer. Programs like installment agreements and offer in compromise can help you to finally get your tax problems under control. If you are facing issues with the IRS tax relief seizing your properties, there are even ways in which you might be able to get it back.
Utilizing the help of a Los Angeles tax relief professional like us will allow you to easily understand the different options you have when it comes to settling your outstanding tax problems. The sooner you get in contact with us, the sooner we can help you to settle your IRS relief while helping you to retain as much of your property and assets as possible. It’s never easy to deal with the IRS alone. With the help of Victory Tax Lawyers, you won’t have to.
What Our Clients Say
Rose’s A.
Parham has helped me on a number of occasions and has been nothing but helpful and professional. He has assisted me with problems I’ve had with the IRS, very scary! He was super informative throughout the process. Would highly recommend him.
Haley Fuller
Everyone I spoke to at this firm was super personable. Anytime I would email my attorney, Parham, I would get a response back almost immediately. When discussing how to go about my case, I didn’t feel like I was being told a bunch of lies to get me to sign on. I appreciate the efficiency and ability to make me feel safe. Thank you for the awesome service. Thanks!!!
Jannie Smail
Taxes are always such a pain. Thanks to Victory Tax Lawyers, it no longer is. They helped me save so much money!
Michael Yadegaran
This firm is top notch. Parham provided a roadmap for my corporate and personal tax questions that I wouldn’t have been able to figure out on my own. He’s helpful, reliable, and supported by a team of brilliant professionals
Kamran Nassiri
NEW LEASE IN LIFE.
Mr Parham Khorsandi at this law firm has saved me %83 on my taxes. With affordable monthly installments to IRS & the state. I know exactly how the individuals that are looking for tax relief feel and i tell you if you want to walk on air again contact Mr.Parham. I thought i would never think this but thank you IRS for helping me out as well.
Samina A.
Im so happy I met the lawyers at victory tax law, after a lot of research hes helped me with my case so much. I had issues with my tax returns and he helped me step by step while explaining everything to me. I would refer anyone I know to Parham and his partner here.
Mike Y.
This firm is top notch. Parham provided a roadmap for my corporate and personal tax questions that I wouldn’t have been able to figure out on my own. He’s helpful, reliable, and supported by a team of brilliant professionals.
Javer X.
Spoke to amir and he was upfront and honest about the process and gave me an option to help me and my situation. Really good guy with a good heart
K M.
They are closed today but I inquired about my situation and to my surprise they replied and gladly answered it. Thanks for caring about your clients, Really appreciate it.
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