Tax Relief Attorney Los Angeles

Why Hire Our Los Angeles Tax Relief Firm?

ARE YOU ONE OF THE THOUSANDS LOOKING FOR TAX RELIEF IN LOS ANGELES?

ax issues can be stressful, terrifying, and expensive. But hope is not lost. Many don’t know that tax relief services are available to help them through these hard times. Don’t give up hope just yet, our tax relief services may be just the solution you need.

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

Are your taxes not paid in full? Not everyone that fails to be pay their taxes or file a tax return is looking to do so purposefully. Sometimes there may be an instance where you are prepared to file your tax return and realize that you actually owe money this year on your taxes. If you weren’t expecting tax professionals, and don’t have the extra money on hand to pay them, you can be subject to accruing tax problems. This tax problem can happen to anyone and isn’t uncommon within tax service.

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 you find yourself in a situation where you are unable to file your tax resolution, you can be facing an even bigger problem from the IRS. In some cases, the IRS may file a substitute tax return on your behalf. Other times, you may not be so lucky. If the IRS does decide to file a substitute return for you, the only consequence you would face is the fact that you would not receive the money that you would have if you did file your taxes on your own.

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?

A tax lien is defined as the government‘s legal claim against property that you own when you fail to pay off a tax payments that you owe. The tax lien will work in favor of the government in order to protect their interest in your property. This includes things like real estate, your personal property, and even your financial assets.

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?

The IRS can also collect the money that you owe on your taxes through

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.

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.

Los Angeles, CA

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.

Santa Monica, CA

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

Santa Clarita, CA

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.

Carson, CA