FAQ

Once you contact the Leading Tax Group to get help during the IRS audit, we will send professionals who will handle things as per law. It will reduce any risk of making errors. Managing the audit process will become easy for you.

IRS personal audit representation is a process when you present yourself in front of the IRS during the audit process. Having professionals will help you communicate with the officials, ensure compliance, and protect your rights.   

You need a professional tax expert group. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, can help you during the IRS tax audit process. Call 800-900-4250 to book an appointment with us.

Although, theoretically, it is possible, it has many risks involved. The process is hectic. Without having a professional, things will become complicated. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, can help you manage the audit process.

When you get an IRS personal audit representative, he will verify your financial documents, build a communication channel with IRS officials, and help you during negotiations to ensure great results in your favor. Contact Leading Tax Group for these benefits and more.

The pathway to sell a property under an IRS lien is difficult as it needs a series of approvals. However, it needs to be ensured that the sale proceedings will be used to settle the existing tax debt.

The IRS implements property liens against taxpayers who neglect to pay their taxes after numerous notifications.

Property subject to unpaid taxes may receive an IRS lien allowing legal claim until you have unpaid taxes, while an IRS levy directly takes your assets, including your bank accounts and wages.

When you resolve an IRS lien, your credit score has the potential to increase, although the lien did reduce it in the first place.

There are certain situations where the IRS approves lien releases for those who demonstrate financial troubles or meet their specific debt qualifications.

The IRS publishes the lien release within 30 days from the date the debt becomes fully satisfied through payment settlement or compromises and agreements.

Not dealing with an IRS lien results in serious financial problems, which may cause the IRS to take your property along with taking money from your paycheck and will trigger more IRS enforcement actions.

A payment plan with the IRS combined with certain conditions enables you to receive a lien release before completely paying off your debt.

The IRS requires proof of debt payment and accepts both payment plans and offers in compromise acceptance papers.

The IRS will enact substantial penalties against cryptocurrency earners who fail to report their earnings as well as levy interest fines and bring possible legal consequences which may lead to audits and criminal prosecutions.

The nonpayment of taxes will result in late payment penalties, failure-to-file penalties and interest on the unpaid taxes and potential IRS audit investigations.

Under particular situations, the IRS allows taxpayers to negotiate an offer in compromise to pay lower than the total tax debt.

Your cryptocurrency transactions allow you to claim losses that can minimize your taxable gains, thus lowering your overall tax responsibility.

Managing a crypto audit is a difficult task. IRS has strict rules related to reporting in the US. When you have hired professionals like Leading Tax Group, we can guarantee you accurate reporting and minimal errors and also keep you safe from penalties and all.

When the IRS has instructed you to present in front of them, you can get an expert (like a CPA or an enrolled agent) to represent you during the IRS Cryptocurrency audit. Having quality representation will ensure compliance with the IRS laws and resolve all the issues.

You must look for tax professionals with proper authentication. Some of the popular choices are Certified Public Accountants, Enrolled Agents, and Tax Attorneys who have experience in cryptocurrency. Call Leading Tax Group at 800-900-4250 and book an appointment.

Once you come to us, we will review your crypto filings and accuracy. After that, we will come up with a report and talk to you before starting our communication with the IRS. Leading Tax Group is efficient in settlements and penalty abatement.

Providing all the necessary information is the key factor. You need to prepare documents related to mining, staking, and rewards. Not only that, your core financial records need to be shared with the IRS during the audit process. Leading Tax Group is going to guide you throughout the process.

IRS has the authority and power to check your business financials if they think of something suspicious in your tax returns. During the audit, you need to present all of your important financial papers and communicate with the IRS officials. Leading Tax Group is here to help you during the audit process. Call us at 800-900-4250 now.

Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors. Our experts know how to handle IRS audits with efficiency and get you a favorable result.

Yes, hiring a professional is necessary for IRS business representation. Without professional help, it is not easy to handle complex tax problems. Any silly mistake will permanently damage your business operations. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, is here to help you out.

It depends on the complexity of the case. Call us at 800-900-4250 now to book an appointment with Leading Tax Group. We would love to learn about your tax issue and consult with cost and everything else.

When you hire Leading Tax Group, we will check your financial and tax history. After understanding the situation, we will start the communication with the IRS on your behalf. From negotiation to getting the best payment plans, all are part of our plan. Call us at 800-900-4250 now to book an appointment

IRS audit reconsideration is a popular process that can help taxpayers review an audit result. It is possible to have errors during an IRS audit. If you are certain about that, you can get the opportunity to correct the mistake and reduce tax liability.

IRS audit reconsiderations become available if you need to present new evidence or correct past mistakes. Sometimes, missing an audit process could be a possible reason for choosing this reconsideration. Don’t forget to consult with the Leading Tax Group for help.

During the reconsideration process, the IRS will review your request and the documents you have just submitted. After strict verification, they will notify you of their results. Contact Leading Tax Group for help regarding IRS audit reconsideration.

Suppose you want to request IRS audit reconsideration, first, a written request to the IRS. Attaching all the necessary documents like bank statements is necessary. Don’t forget to clearly mention your reasons in the request. Call Leading Tax Group at 800-900-4250 for help.

Yes, you can do so, but the chances of making errors are huge. Better to find the Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, to get some help regarding audit reconsideration.

California Franchise Tax Board (FTB) can order FTB wage garnishment to collect unpaid tax debt. As a part of it, they will tell your employer to withhold your paycheck. As per the law, FTB has the power to garnish up to 25% of your total disposable income during debt repayment.

To stop FTB wage garnishment, you can either pay the debt in full or plan everything in advance. People facing financial hardship need to look for Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors that can understand your issues and help you with the right solutions.

There are people who can’t afford FTB wage garnishment, so they should follow routine procedures. Form 668-W is popular for exemption claims. You need to attach your income proof and other essentials with the form. Better to have an experienced tax professional from the Leading Tax Group for additional help.

You can now simply call 800-900-4250 and book an appointment with Leading Tax Group. We are an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors who will take your case and help you settle things amicably.

Until you manage your debt, the garnishment will be there. Contact Leading Tax Group, as we are known for handling IRS garnishment issues profoundly.

An Offer in Compromise is only offered by checking the ability of the taxpayer to pay in installments, all by judging the assets and income a person has. Yes, one can get an OIC if they can show relevant documents regarding financial hardship to the FTB.

The settlement process might take several months, and a tentative is close to nine months based on the settlement amount and the worth of the tax debt.

Yes, FTB allows settling the penalties under a specific clause like illness or natural disaster and carries the underlying tax debt to the following year.

Once the FTB settlement option gets rejected, one can try alternate methods by going to court or filing an appeal with the FTB. In the process, one must ensure all the documents are with the person.

If the settlement is not satisfactory and the underlying tax assets are still inflated, one can lodge for tax appeals and then it will be judged separately.

FTB Personal Audit Representation is a process in which a tax expert will represent you in front of the California Franchise Tax Board to handle your income tax audit. These professionals will manage your communications with the officials and submit documents that are important. Contact Leading Tax Group for help.

Anyone who is facing the FTB officials can look for professional help. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, will provide you with all the help you are looking for. People who are unfamiliar with the tax laws need to have some help.

During FTB Personal Audit Representation, the officials will check all your returns, communicate with you, and have a negotiation depending on the situation. Call 800-900-4250 to book an appointment with Leading Tax Group.

When you disagree with FTB audit findings, you should first make a request and start negotiating with the authority. Call 800-900-4250 and book an appointment with Leading Tax Group to get help in tax matters.

Theoretically, it is possible, but you need to have a proper understanding of IRS laws and the complications that come with this. It is better to have professional guidance who can help you minimize your liabilities. Leading Tax Group can help you with that.

The main difference between a tax lien and a levy is that the FTB lien takes control of the asset as collateral for your tax dues. In the levy, FTB actively looks for seizures and liquidates the assets to settle the tax debt.

Bankruptcy during the lien settlement can allow certain tax debts to be discharged. However, some settlements need to be needed even under the bankruptcy process.

One cannot appeal to the lien itself but can challenge the underlying tax dues that the FTB has calculated.

Yes, businesses can settle the FTB liens on their assets through negotiations. However, the entity must produce another source to ensure the smooth payment of tax dues to the FTB.

Once the tax debt is fully paid, the lien will likely be released within 30 days with a formal document of lien release.

Yes, you can sell your house under FTB lein, but the amount received by selling must go towards debt settlement.

Yes, an FTB lien can affect a credit score as it becomes a public record for the agencies to act on.

If the lien is not settled, FTB can take any other assets that can be used to clear the overall debt.

Yes, after partial payment in Offer in Compromise, one can negotiate with the FTB to release their lien.

The FTB accesses the data from the crypto exchanges, takes information from the K-1s or 1099s, and makes an audit that helps them understand a crypto investor’s tax position.

When you sell, trade, stake, and use crypto to buy goods or services, you can fall prey to FTB if they don’t report the crypto income to FTB.

For FTB Crypto settlement, one needs to show the wallet records, exchange statements, a proof of financial hardship to support the case of not complying with the guidelines of crypto from FTB.

The FTB is California’s tax authority; if an investor is a domicile in that state, it can get stricter. In the IRS, the relaxation is broader and has better settlement options.

To settle the FTB taxes, a business can be a corporation, LLC, partnership, or even sole proprietor facing the crisis of not paying the full taxes to FTB.

No, within the active audit process, a business cannot settle the FTB tax obligations, and only after the audit findings can one influence the settlement terms.

The FTB Settlement Bureau looks at civil disputes. It weighs the litigations that are currently going on with the business and are the ones who finalize the settlement deal with the business.

Liens with the FTB will stay with the authority until the settlement is completely done with the Bureau and then only one can remove the liens from the assets.

Hiring professionals is necessary for FTB Business Audit Representation. They will protect your rights and reduce errors to lower the tax liabilities and present your case in the best possible way.

During the FTB Business Audit Representation process, your hired Tax Professional will represent you before the California Franchise Tax Board audit. Call Leading Tax Group to hire these tax experts.

The FTB audit will look into your income, deductions, credits, and payroll taxes to comply with California tax laws. After carefully verifying documentation, they will file an accurate report. Call 800-900-4250 to book an appointment with Leading Tax Group.

When you have the best representative from the Leading Tax Group, he will organize all the necessary documents, change incorrect findings, and find evidence. They will also negotiate with the authorities to get you the best payment plan.

Leading Tax Group can help you find the best representative. Call 800-900-4250 and discuss your issues with us.

By providing enough documents, you can prove that the account belongs to someone else, which will release the levy for you.

If you are a veteran, the Social Security benefits will be exempt from the levy source, which you can use to meet your expenses.

When you want to show financial hardship, the income must be shown in such that only covers the essentials like utility bills and medical expenses. In such cases, one can get a release from a bank levy.

Once the errors issue the levy, you can send a release request to the FTB and get back the related bank fees by providing the proper evidence of tax payment within 90 days.

FTB Audit Reconsideration is a tool that the California Franchise Tax Board uses to audit any tax errors made during filings. During reconsideration, the focus is on any factual mistakes, documentation, or calculations.

First, you need to file a request and submit that through form FTB 4057. Then, you need to show your evidence, such as financial statements, expense logs, and more. Only after full review the FTB will publish their results. Call 800-900-4250 and contact Leading Tax Group.

If there is a factual error or you are looking for a faster resolution, reconsideration would be the best choice. Making a request is free; you must get help from an experienced tax group, i.e., Leading Tax Group, during these matters.   

There are many options under reconsideration. Double-reported income, missing deductions, and wage withholding discrepancies are some of the popular ones. Contact Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, for help.

Yes, it is possible. You need to request before the payment deadline. Without reasonable cause, the chances of success are low. Call 800-900-4250 and book an appointment with Leading Tax Group.

There are several items you can appeal against. Audit assessments, tax bill issues, denied refund claims, and penalty charges are some of the popular items you can appeal against. Talk to us at Leading Tax Group for help.

Although the deadline might differ for each appeal, typically, you will get 30-90 days to file an appeal. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, can help you with knowledge and experts.

FTB administrative appeal is something that can be internally handled by FTB staff. On the other hand, an OTA appeal is possible with the help of independent tax agents. Talk to the Leading Tax Group that can help you guide you through the process.

Yes, you can appeal against the actions taken by the officials. Try to work with an experienced tax professional who can guide you through the process and more. At Leading Tax Group, we welcome you for any help you are looking for.

When you are handling your case, you need to show some of the important documentation. Arrange all the financial records, prior tax returns, and others. Call 800-900-4250 to contact Leading Tax Group and get all the help you need.

FTB settlement, popularly known as Offer in Compromise, is a tool that can help taxpayers from California to settle tax debts with a relatively small amount. Both individuals and business enterprises can use this tool.

If you want to become eligible for FTB settlement, you must be going through some real financial hardship, during selling your assets and some other compliance reasoning.

Yes, they have the power to reject your settlement offer. There must be valid reasons behind the rejection. Usually, when they feel that you can pay more but use the settlement in your favor, they will reject your settlement offer. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, will help you out.

To make the FTB settlement process successful, you must gather a few documents. Usually, your income proof, bank statements, and expense documentation are the main items that you must deliver. Apart from them, you will also need to use the Compromise application Form FTB 4950P. Contact Leading Tax Group for help in these matters.

Yes, you should always proceed with professional tax people. Leading Tax Group has been doing this job for years and made a distinct name for itself. Our experts will check your issues, do some research, and then offer the best way possible to handle your FTB settlement.

FTB penalty abatement is a popular way used by taxpayers to remove any penalties wrongfully placed by the Franchise Tax Board. You must have valid reasons behind applying for this FTB penalty abatement.

Some of the common penalties that can be abated are late filing penalty, late payment penalty, underpayment, and accuracy-related penalties. Apart from these, there are some other types of penalties, but not all penalties can be abated. Discuss with the tax experts of the Leading Tax Group for help.

To get penalty abatement, you need to have solid and valid reasons. Some illness issues, natural calamities, and inaccurate tax filing due to unavoidable circumstances could be the reasons behind penalty abatement. At Leading Tax Group, we can help you understand your issue and help you manage your penalty abatement.

Yes, you can do that. You will have a time of 30 days after getting the denial notice. If possible, meet with the officials and try to convince them. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, can help you out in this process.

If you want to request a penalty abatement from the FTB, you need to write a letter to the authority. Don’t forget to attach some of the essential documents along with your application. After getting your request, the FTB will review the whole thing and either approve or disprove your application.

In the EDD tax settlement, a business can solve issues regarding payroll taxes, unemployment taxes, and employee training taxes.

Businesses need to consider EDD tax settlement when there is a dispute regarding payroll taxes, or a company wants to reduce liabilities of taxes and better its financial health.

There can be penalties on top of the outstanding taxes that a company owes and also interest on that amount that can rise to a substantial sum, which might put the company’s finances in jeopardy.

A business can take help from the expert in the legal guidance and they can settle the dispute and reduce liabilities with better negotiations.

EDD seizure of assets is a common tool used by the California Employment Development Department to get back money from individuals and organizations. If you have pending tax debts, you need to be careful about that.

There are different reasons behind the possible seizure of your assets. When you have failed to pay your payroll taxes due to ignoring notice from them are some of the vital reasons behind seizing your assets. You need to contact Leading Tax Group for help during difficult times.

Yes, it can happen. The EDD has the power and authority to seize both your personal and business properties, including vehicles and real estate. Call Leading Tax Group now for help.

Ignoring EDD seizure is not an easy task, especially when you have received the notice already. Whenever you have received a notice, you shouldn’t waste any time and inform Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors. Else, your assets will be seized.

Do you want to stop EDD asset seizure? Either you have to settle your pending debts or look for a Leading Tax Group so that you can negotiate with the authorities to have a better deal.

If you want to reduce the amount of EDD penalty or eliminate it completely, you must choose this particular method. When someone has missed the payment or made a delay, he has to face penalties. Abatement is an effective way to get some relief.

There are several factors responsible for EDD penalty abatement. If you can make the officials understand that the mistakes happened due to reasons that are beyond your control, the EDD might pass your abatement request. People who have made the mistake for the first time can also get abatement.

If you want to request a penalty abatement, you should follow certain steps. The first thing you need to do is review the penalty notice, collect all the information, file for a request, and follow up. You should also hire a professional tax expert group for help.

When your penalty abatement request has been denied, you have the right to appeal against their judgment. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, is here for your help. We will refile your appeal, gather evidence, and get you a better result.

People or organizations facing EDD penalties must have done things wrongly. Late filing of your tax, inaccuracy in reporting, non-compliance with the rules, and misclassification could be the possible reasons. Contact Leading Tax Group to have any help in these matters.

An EDD Payroll Tax Settlement is a formal agreement between the EDD and the employer. Proper use of EDD Payroll Tax Settlement can help them pay off the pending tax debts and negotiate a new plan. Contact Leading Tax Group for help.

The process to request EDD Payroll Tax Settlement begins by contacting the authority to declare your intent for this settlement. The necessary submission process begins with presenting your financial details consisting of income and expenses alongside liabilities. Try to be realistic about your payment plan and then wait for the review.

To become eligible for EDD Payroll Tax Settlement, there are some strict criteria. You must have solid reasons behind the existing payment debt and be willing to cooperate with the EDD. The EDD will check everything and then take the final call.

Getting a favorable EDD Payroll Tax Settlement will help you in many ways- the penalty amount will be reduced, the interest might be waived, and you will have to pay a fixed amount. This is the best process to avoid any legal actions like liens and levies.

By any chance, if your settlement request is denied, you must appeal against the decision. Further, you can negotiate with the authorities. Call 800-900-4250 to get help from the Leading Tax Group.

When you are facing an EDD lien, it means certain things. If you fail to pay the taxes or related penalties, you might face the heat. Ignoring notices from the authorities could be another reason.

EDD lien is an effective tool used by officials to get back tax money from people who are not filing their returns. As per law, the California Employment Development Department can secure their unpaid payroll taxes and interests by attaching real estate, vehicles, and other properties.

When you are facing an EDD Lien, it can affect you in many ways. Firstly, your credit score will become low, after the lien, you can’t sell those properties. Finally, your reputation in the market will be lost. Contact Leading Tax Group immediately and discuss your issue with our experts.

Yes, it is possible to prevent EDD lien. You need to file your returns on time. Don’t skip any notices coming from the office of EDD. Set up your payment in such a way that you don’t have to pay automatically. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, will help you with relevant matters.

Removing an EDD Lien is not that simple. If possible, pay your debt in full. It will close your debt, and you won’t have to face any consequences anymore. Get an expert from the Leading Tax Group, who will help you during negotiations with the EDD officials. You can request for a relief after making the payment.

An EDD Lien Settlement is a formal agreement between the taxpayer and the EDD authorities. It is the best way to resolve any pending disputes regarding payroll taxes. During the settlement, your total debt might decrease along with the penalties. Call 800-900-4250 for a consultation with Leading Tax Group.

Some of the popular reasons behind EDD Lien Settlement are failure to pay your payroll taxes and other tax liabilities. Any imposed lien might impact your credit score and your chances of getting another loan. Leading Tax Group is here for your help.

To become eligible for EDD Lien Settlement, you need to have an outstanding tax debt; you must have prominent reasons like financial hardship or other solid reasons. Try to settle your other tax returns in order to have a good relationship with the authority. To book an appointment with Leading Tax Group, call 800-900-4250.

After a successful EDD Lien Settlement, the EDD will release the lien and might reduce your debt amount. You will get a more flexible option to settle your debts. Call 800-900-4250 to book an appointment with Leading Tax Group.

To request an EDD Lien Settlement, you need to contact the EDD directly. Attach all of your financial data with your written application, along with your proposed settlement plans. Then, you need to wait for their review. Leading Tax Group can help you in these cases, call now at 800-900-4250.

EDD bank levy is a legal action that can help organizations collect pending taxes and debts. The process of EDD Bank Levy is similar to fixing the account. After that, you can withdraw any amount from your account. It is one of the last steps taken by the EDD.

If you have received a notice about the EDD bank levy, there must be some valid reasons behind it. In most cases, the EDD chooses bank levies because there have been unpaid taxes, penalties, and more. You had enough time to resolve the matter, but you didn’t, and now the EDD is using other means to get back their money.

According to the IRS rules, the EDD must send you a notice before imposing a Bank Levy. If this hasn’t happened in your case, you should contact the authorities and tell your side of the story. At Leading Tax Group, we are more than happy to guide you.

The bank has sealed your accounts after the EDD bank levy. In this situation, you can contact the EDD and try to negotiate, but the chances of any improvement are rare. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, can help you with accurate consultation and being present during the negotiations with the EDD.

Once you contact Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, we will take necessary actions like applying for a reassessment, looking for options to settle the pending debts, and having a middle ground better for all the parties.

EDD Audit Reconsideration is a legal process in which you can raise your voice against the findings of an EDD payroll tax audit. If you are sure that an error has been made, you must choose EDD Audit Reconsideration and attach all the necessary documents with your claim.

Once you have received the audit report, you have only 30 days to raise any questions. Make sure to submit your request in written form along with the reasons and documents and wait for their reply. Contact Leading Tax Group for help in these matters.

Errors might happen in worker classification, wage reporting, and other tax calculations and penalties. Call 800-900-4250 to contact with Leading Tax Group.

After your application, the EDD will carefully check your request and documentation. They might adjust their findings and make the final call. Talk to the Leading Tax Group for help.

If you do not agree with their final call, you can further 30 days to appeal to CUIAB. Call 800-900-4250 and book an appointment with Leading Tax Group.

Firstly, review the decision, submit your request, support it with necessary documents, and wait for further hearing. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, will help you.

You can appeal against a lot of EDD decisions. Unemployment insurance claims, disability insurance, and Payroll tax assessment are some of the subject that you can appeal. Please contact Leading Tax Group for additional help.

During an EDD appeal, the hearing will be conducted by the administrative law judge; you have to represent yourself or look for a Tax Attorney for representation. There, you need to produce evidence in your favor. The hearing will take some time, so be patient.

If you disagree with the decision of the judge, you can appeal to the California Unemployed Insurance Appeals Board within 30 days and request a reconsideration. Contact Leading Tax Group, call 800-900-4250.

In general, you need to file your appeal within 30 days of getting the notice. After that, the hearing might take 4-6 weeks.  The judge’s decision will be issued after 1-2 weeks. Call 800-900-4250 to contact with Leading Tax Group.

These are called SUBSTITUTE FOR RETURNS or SFRs. The IRS filed returns are based on gross reported income WITHOUT the benefit of items afforded yourself, such as Write Offs, deductions and credits. IRS filed returns can typically yield balances due that a much higher than the real balances due had you filed your own returns. We can help correct the record. Who wants to pay more in taxes than they actually owe? Call us for a quick analysis at 800-900-4250 or CONTACT US NOW.

All cases are different based on the facts related to the case. Our team can help shorten the time that you are at the mercy of the IRS. Call us at 800-900-4250 for a quick analysis of your case. Avoiding the tax issue can have negative consequences for much longer than expected. CONTACT US NOW.

Indeed, however, this embarrassment should not be a part of your future. This possible eventuality can often times be averted, and the aversion emboldened with our help. When a taxpayer is in IRS collections , we can get between you and the IRS to provide protections, get additional time to respond if warranted, and ultimately help settle on terms you can afford. CONTACT US NOW.

Our team of expert practitioners can quickly evaluate you data to put together a comprehensive, accurate and conscientious return(s) to meet compliance standards to get you back to speed. Once we’ve helped you reach the mountain top….it’s all downhill from there… Call us at 800-900-4250 or CONTACT US NOW.

The State can mandate a repayment schedule not to your liking, involuntarily collect on the debt OR eventually close the business. A proper and proactive strategy can avert these inconveniences in many cases. Call us at 800-900-4250. We can take facts and put together and implement a plan that works for you. CONTACT US NOW.

Reaching this milestone based on overdue taxes should not have to be with the right help. We can take more facts related to the issues to structure a repayment plan to get you back to speed OR avert a shut down altogether in many cases. Call us at 800-900-4250 or CONTACT US NOW.

It is crucial to put together a plan or strategy to deal with the past due p/r taxes, as the tendency to get further behind can jeopardize your entire business operation. Our team can structure a plan to repay the back taxes, stay current with new payroll obligations , as well as manage your other payables to keep your ship on track. Call us at 800-900-4250 or CONTACT US NOW.

An IRS audit can be prompted by many items on your return for which you must provide clarity, proof , including but not limited to :

• Excessive or inappropriate expenses declared on a Schedule, especially if your declared expenses exceed your declared income as a result.
• Suspected undeclared income
• Any and all suspected mis-categorizations or inaccurate entries on the return CONTACT US NOW.

This requires a good strategy as well, as the IRS will likely scrutinize your return(s) beyond your expertise to fend off unwarranted assessments. Going it alone can cost you far more ……in the end. Call us at 800-900-4250 or CONTACT US NOW.

This requires a good strategy, as the IRS will likely scrutinize delinquent returns filed all at once. Call us at 800-900-4250 or CONTACT US NOW.

A tax lien is an encumbrance upon which the IRS provides a guarantee that the tax debt will not go overlooked. It can affect your ability to borrow money and can have other negative effects. Please call us for a complimentary evaluation of your case. We can help in most cases 800-900-4250 or CONTACT US NOW.

Call us immediately upon this at 800-900-4250 or CONTACT US NOW.

If the IRS visits you in person, their intention is to collect on the taxes due OR have you commit to moving forward on a settlement based on their terms. Call us sooner than the IRS visit if at all possible OR immediately after the visit at the latest we will put together a strategy 800-900-4250 or CONTACT US NOW.

If the IRS levies your wages, you are definitively in IRS collections. There may be a limited window of opportunity to reverse the process OR avert it all together. Call us ASAP at 800-900-4250 for immediate help or CONTACT US NOW.

If the IRS levies your account, you are definitively in IRS collections. There may be a limited window of opportunity to get the funds back before they are forwarded to the IRS from your bank. Call us ASAP at 800-900-4250 for help or CONTACT US NOW.

The IRS has simply made it easier to repay your taxes due based on making it easier to qualify for long standing programs offered by the IRS. Do you qualify for any of these programs? Call us at 800-900-4250 to offer facts, or CONTACT US NOW.

The worst thing you can do is ignore it or take no action. This will move you closer to being levied. The best thing you can do is be proactive and call us for a quick analysis at 800-900-4250. IRS notices are time sensitive. Call or CONTACT US NOW

We are one of the only tax resolution firms in the country that has a separate division dedicated to our clients that owe over $1 Million Dollars. The IRS formerly referred to their dedicated resource to pursue big tax liabilities as “the large dollar unit” of the IRS.

As with any larger prize, the IRS can be considerably “more focused ” in their collection efforts. Your assets are essentially exposed for possible seizure unless protections are provided. Please call us at 800-900-4250 to start protecting your assets today.

It is too costly to wait. CONTACT US NOW.

Two methods to stop wage garnishment include making full payment of owed amounts, negotiating payment arrangements with the CDTFA, and obtaining legal wage garnishment release status.

Tax professional assistance or proper representation allows you to reduce a wage garnishment amount or possibly secure its release.

The wage garnishment process does not damage your credit score directly; however, any remaining tax debt may appear in your credit reports.

You can file an appeal against wage garnishment from the CDTFA with valid reasons, improper procedures, and incorrect amounts.

A tax tax attorney or expert provides substantial advantages when attempting to stop or release a wage garnishment but you can still attempt to do so by yourself.

To get eligible for CDTFA sales tax settlement, you have to submit all the necessary financials of your business. The CDTFA will check everything, along with your past transactions, to decide whether you are eligible or not.

California Department of Tax and Fee Administration or CDTFA sales tax settlement is a process that can help businesses resolve any pending sales tax debts. If the business can’t afford to pay the debt in full, they might choose this particular tool.

If you want to apply for CDTFA sales tax settlement, you need to start with a written request explaining your current financial condition. Don’t forget to attach all the financial documents, bank records, and tax returns. Leading Tax Group can help you during this process.

If you can use the CDTFA sales tax settlement well, it will reduce your total tax debt, remove the penalties, and settle everything. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, can help you make the process a success.

Once you get the approval, you will receive a formal agreement with the new settlement terms. Don’t forget to make the agreed payment. Call 800-900-4250 for immediate help regarding CDTFA sales tax settlement.

Cannabis earlier was illegal in the state, and due to its new operation, the state is trying to run the industry under the strict control of the taxes. CDTFA helps the cannabis industry with tax compliances that businesses can follow to operate in the state.

Non-payment of taxes can lead to the closure of business and also can create significant penalties for the business which will lead to a lot of financial obligation.

The eligibility of the tax settlement process depends on the business’s financial situation and the ability of the business to pay. If there is an error in the tax process, then they can apply for settlement.

Suppose you can run the cannabis business witrh complying with all the tax guidelines and by paying all the taxes. Following that, a business can easily run its operation in the state of California.

CDTFA marijuana tax audit representation is essential when you are running a cannabis business in California. This is important to ensure compliance with the tax laws to protect your business from any tax issues.

While running a cannabis business, we must comply with the constantly evolving laws. When you have an expert, he will help you minimize your mistakes and avoid penalties. Leading Tax Group can help you with professional representation and more.

Do you run a cannabis business? Then, you need to pay Sales Tax, Cannabis Excise tax, and Cultivation Tax. Hire a professional Tax Expert from Leading Tax Group who can guide you through the process.

Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, will review your financial records and make a plan best for your case. Further, we will prepare for the representation to get you the best results possible.

If you want some professional to represent you in the CDTFA marijuana tax audit, call 800-900-4250 and hire an experienced Tax Expert from Leading Tax Group.

When you get a CDTFA lien, it stays as a public record, and that can severely damage your credit score.  

A CDTFA lien can remain for a long time if the taxpayer is not paying the full amount. The tax authority can still keep the lien even if the person changes domicile without clearing the taxes.

A person missing the payment of California state tax and further not communicating with the authority can lead to a CDTFA lien.

Yes, you can challenge the CDTFA for a lien error and can get back the property and other assets under your holdings by clearly stating the correct file.

Legal help is very much required when one is knee-deep in fines and penalties. Here, the right Tax Attorneys can help you to resolve te matter completely with minimum payments.

Yes, you can remove the CDTFA lien through the full payment of the tax you owe and can also choose a payment plan that will eventually settle the tax debt.

Yes, CDTFA tax lien can severely affect the credit score, but once a person starts the payment plan, they can gradually get back their earlier credit score.

Under some special provisions, one can reduce the total tax debt amount under the lien. For example, going through financial hardships or facing some natural calamities leads to lower tax amounts.  

Eligibility for CDTFA tax lien settlement can happen through proper legal representation and the right negotiation process with CDTFA.

Paying your entire debt amount to the CDTFA, settling with the agency, or reaching payment agreements with the CDTFA enables lien release.

The CDTFA requires several weeks or days to release a lien when payment methods include full payment or settlement completion.

The CDTFA possesses a legal right to property sale proceeds; hence, you cannot sell the property until you satisfy or pay off the lien.

A tax professional can assist you in gaining a lien release through a settlement or offer in compromise.

One can receive a CDTFA bank levy only when they have a lot of outstanding debt, and to satisfy the payment criteria, the tax authority of California gets aggressive to put a bank levy.

No, CDTFA doesn’t take all the money, but it freezes the bank account, preventing any transaction from happening through that particular account unless all the dues are settled.

Yes, CDTFA always sends prior notices about unpaid dues; if it remains unaddressed, then it’s possible that one can get a bank levy.

The bank levy process can last for years if the amount is not fully paid. A tax attorney can help in such situations by negotiating with the authority.

Once the tax dues are settled, tax attorneys who can negotiate and prevent bank levies are the ways through which one can gain control of the bank account.

A bank levy from CDTFA can freeze the business account and that will halt all your payments and will stay in a temporarily inactive state that might affect the operations of the business.

If a bank levy stays unaddressed, then the money will start getting deducted within an occasional time, and that will drain the entire account. If the tax debt is not resolved, then other accounts can also get frozen.

Yes, in some serious cases, the CDTFA is willing to negotiate with the taxpayer, and depending on your previous track record and current financial hardship, the tax bill can be reduced.

Keep your tax files in check and communicate with legal help if you get a future levy notice from the CDTFA.

Unreported income is the money you don’t disclose in front of the IRS. People, after earning some additional amount as freelancing or investment, try to hide it to save some tax money. This is risky for your financials. IRS might find out and take action against you.

After the IRS knows about your unreported income, they will surely take action. In most cases, the IRS will impose a 20% penalty on your unpaid taxes. For fraud, the rate of penalty is significantly high as 75%. In some special cases, the concerned person might face criminal charges as well.

IRS uses a number of methods to detect unreported income. Any mismatch in your reporting, bank documentation, or audits is a few popular ones that the IRS uses. Third-party reports can also be helpful for them.

Every individual should file their returns on time to avoid IRS tax grips. Having unpaid taxes is not good for any individual. It is time to find a tax group professional enough to deal with pending taxes and settlements.

When you have already received penalties, either choose voluntary disclosure or show reasonable causes for the mistakes you have made. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, is here to help you.

CDTFA Audit reconsideration is a process that can help us file against CDTFA audit. When you are sure that the audit findings are not right, you need to pinpoint those errors and request a review.

If you want to request a CDTFA Audit reconsideration, make sure to submit a written request within 30 days of receiving the request. Don’t forget to explain your disagreement and attach all the necessary documents.

After receiving your submission, the CDTFA will assign an agent for your case who will check the documents and compare them with the previous findings. After careful investigation, you will receive their decision in writing.

Yes, there is no problem with business operations during the CDTFA Audit reconsideration process. You need to comply with the payment obligations. When you fail to do that, it will cost you a penalty.

It is possible to disagree with the final decision. Then, you have to appeal to the Office of Tax Appeals and request a settlement. Call 800-900-4250 for consultation with Leading Tax Group.

After making a profit in your business, if you don’t pay your taxes in full, there is unreported business income. Technically, it is not right as per the laws. If the IRS finds out, they will take strict action against your company.

As per experts working in the Leading Tax Group, you will have to face some major consequences for unreported business income. Penalties are the most common. 20% of your total unreported tax will be charged as a penalty. You might also face criminal charges as well.

IRS has different means to detect unreported business income in the US. Any mismatch in your tax forms, like Form 1099, will act as an indicator. Banks, audit companies, and other organizations report directly to the IRS. It is hard to avoid the IRS agents.

When you are facing an eminent penalty situation, better to look for tax experts. Leading Tax Group is here for your help. We can prepare an amended return and settle your pending taxes. There are other ways to deal with these issues like negotiations and all.

Once the penalty is imposed on your company, it is hard to avoid that, but not impossible. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors known for its innovative ways of dealing with the IRS. We might go for voluntary disclosure or showcase reasonable causes to get some relaxation from the IRS.

Yes, theoretically, it is possible. A few states in the US offer better settlement offers. You mostly have three major options. Installment agreement, OIC, and penalty abatement are the three options you need to choose from. Call Leading Tax Group for any help.

When you make it too late to pay your sales taxes, a simple penalty will be charged to you. The concerned authority might charge an additional interest on your penalty amount. Finally, they will place a lien on your property to take out the money.

If you want to request a sales tax payment plan, you need to call the state tax agency. After that, you must gather all the important financial details and start your payment process. You need to agree to the terms and conditions in order to start the monthly payment. We at Leading Tax Group are happy to help you out.

Once you are out of the mess, try to maintain a healthy financial routine. Try to file your future returns on time, use advanced software to do the financial work, keep the tax money separate so that you don’t waste it, and more.

There are people who can’t afford to pay the money. For them, a request for some time will be effective. Learn about Offer in Compromise so that you can settle your pending taxes. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, is here for your help.

Yes, it’s possible to file the returns online, but if the amount is two or three years older then it might require paper filing.

Penalties are a common way to penalize the ones who don’t follow the compliances. However, with the right legal help, one can reduce the amount of fine.

Tax audits can happen if one files taxes of several past years, but still it reduces the chances of tax audits once one clears all the unfiled taxes.

One can negotiate with the IRS for debt settlement or can choose an offer in compromise to pay the debt through an extended period.

To prove innocence, a person needs to provide the right income document, receipts of payment for proof, and other supporting documents that keep track of a person’s financial activity.

A tax audit can happen from underreporting income to not keeping a record of the third-party income and also can be triggered for claiming irregular credits and deductions.

A taxpayer has the chance to negotiate with the IRS. For effective results, one can take the consulting service from a former IRS Audit Attorney and gain knowledge about protecting assets and winning the case.

You can appeal through the formal process of the IRS to report incorrect audit reports and also to reclaim the things that have been taken from the taxpayers.

Getting audited for the first time is not linked with whether or not you will be audited again. In case of any discrepancies, one can further increase the chance of getting audited.

There are different types of assets that CDTFA can seize during the failure of making sales and use tax payments. They can freeze the bank accounts, and take vehicles, equipment, or any value of asset.

One can protect themselves from asset seizures by addressing the CDTFA notices and also through negotiation with professional legal guidance.

Yes, one can appeal to the CDTFA through legal channels and get in touch with the administration department of CDTFA. A qualified attorney can help an individual to solve the issue.

Retailers of California who engage in any business need to pay the sales and use tax as both of them are subject to the payment to the tax department of California.

Business owners can be held liable under the Trust Fund Recovery Penalty, and they will remain in that state until the dues of unpaid payroll taxes are settled.

IRS can seize the assets if the taxes remain unpaid for many years and thus increase the penalties on the business, which might affect operations.

Even after going into a settlement, the IRS can still conduct Payroll Tax Audits if further discrepancies are discovered.

Yes, a business can continue its operation but still needs to adhere to the guidelines of the IRS regarding payroll settlement. Following that will not disrupt the operations of the business.

Appealing the CDTFA assessment should be done within 30 days from when you get their determination or decision to keep your right to dispute their ruling.

Your case requires supporting documents, including financial records, tax returns, audit reports, invoices, and additional relevant paperwork.

The CDTFA has the authority to cancel or decrease penalties and interest payments when successful appeals occur, depending on the specific conditions in your situation.

The Appeals process does not guarantee success so you can request a rehearing and submit a Tax Appeals petition at the Office of Tax Appeals and even start court litigation.

A person needs to provide the financial records, along with the previous year’s tax files and other supporting documents that are necessary to assess the financial situation.

A board of equalization settlement allows a taxpayer the chance to reassess the tax liability and thus help a taxpayer to reduce the tax that they owe.

BOE checks the financial position of the taxpayer, and to get that, they check the supporting documentation that helps to prove the case and thus resolve a certain amount of tax liability.

A taxpayer can take the legal guidance that can help them reassess the case and will allow the taxpayer to pursue tax reduction through BOE once again.

As per the rules, the IRS can’t abate interest on your unpaid taxes. If you don’t pay your taxes in full, it will start accruing. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, is here for your help in these matters.

The IRS has a distinct First-Time penalty abatement program for taxpayers. For that, the organization must not have faced any penalties before. All the recent filing and payment requirements should have cleared. Call our helpdesk to learn more.

To get penalty abatement, you must directly write to the IRS along with the necessary documents. Don’t forget to have proof of your compliance history with your request. Leading Tax Group has a reputation for helping people and organizations regarding penalty abatement.

It is difficult to find the exact reasons, but some of the possible reasons are- natural calamity, physical issues, or any other major reason that is difficult to avoid. If this is the first time you have committed a mistake, the IRS might offer you an FTA. Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors, is here to help you.

Tax payroll abatement is a tool necessary for the IRS to nullify any penalty. Suppose the IRS has imposed charges on an organization for violating rules or late payment. If the IRS thinks that the organization has done nothing wrong or falls under reasonable causes, they can offer abatement.

Facing an IRS payroll tax audit might put heavy financial pressure on you. Contact Leading Tax Group for quick assistance and help.

If you violate payroll taxes, you will certainly face penalties. Some of the most common of them are failure-to-deposit fines, Fund recovery penalties, late filing fees, and others.

Business organizations need to check all the financial records, double-check employee classifications, prepare the payroll reports, and hire a professional from the Leading Tax Group for help.

During the IRS payroll tax audit, the officials will thoroughly check employee classification, deposited money, wage reporting, and some other essential factors. Our agency of tax consultants, tax Attorneys, Enrolled Agents, and Former IRS Auditors & Accountants are ready to help you out.

Whenever there are discrepancies regarding filing your taxes, employee misclassification, or late payment, the IRS will be triggered and most likely to offer an audit.

Appealing against an IRS Lien is quite common. After getting the notice, you can request a Collection Due Process before the 30-day time passes. Consult with the officials working with the IRS and get help from the Leading Tax Group for further help.

Whenever you are facing the threat of an IRS lien, you need to contact the Leading Tax Group, an agency of Tax Consultants, Tax Attorneys, Enrolled Agents, and Former IRS Auditors. If you can settle all of your pending debts, there is nothing better than that. But, in most cases, having an installment program will be the most logical solution.

Yes, it is possible. If you can repay your debts within 30 days, the IRS will not take any further action and completely remove the lien. There are some other methods like discharge of property, withdrawal and subordination are also there. Contact us to learn more.

An IRS Lien is not good for a person or an organization. Firstly, your credit score will be damaged. It will become difficult for you to buy or sell new properties. Getting new loans will not be easy anymore. Unless you settle your debts, you can’t use your assets anymore.

IRS has the power the claim your assets when you have pending taxes. After carefully assessing your tax liability, the IRS officials will send you a notice of their final verdict so that you can have enough time for preparation.

A business can include tax attorneys in a business audit as early as possible. The expert guidance of the Tax Attorneys will allow a business to follow the compliance standard of the IRS.

The IRS can generally go up to three years back in case of a tax audit. However, with proof of major discrepancies, it can go back up to six years.

No, a business audit doesn’t mean a venture has made any violation. However, it’s the responsibility of the company to come clean and disprove any allegations that have been registered against the business.

An audit’s length is dependent on how large is the finances of the business and how well the venture is working with the IRS. It usually takes longer than the personal audit of the IRS.

Unreported or underreported income, withholding the total amount of the annual income, or claiming some inaccurate deductions are all reasons for getting an IRS back tax notice.

No, the IRS doesn’t go that aggressive in the initial phase of the notice, but failure to make back tax payments after several notices can instigate the IRS to go for the tax lien route. Therefore, it’s better to address back taxes issues earlier.

IRS doesn’t directly report to the credit agencies, but a tax lien due to unpaid back tax notice can create damage to the credit score.

If you receive a back tax notice then it’s best to find out what mistake you have made in previous filing. If the amount is small, then it’s better to pay the unpaid due. Otherwise, it’s best to get professional and legal help.

Yes, the IRS has the authority to impose penalties and interest and take the necessary actions to recover the back taxes.

Even though it is very rare, there is a possibility to go to jail for not filing state taxes. However, most taxpayers get away with just a penalty. You could also be required to pay interest. Call Leading Tax Group in case you feel this is your case.

The collection statute is 20 years and the audit look-back period is 4 years. If you want to know more about your taxes or need some help determining your filing requirements, Call Leading Tax Group today.

Recent policy changes mandate that you efile a state tax return with your federal tax return. You can’t efile it separately. Generally, you must file a state tax return if you’re a resident, part year resident or non-resident. If you receive income from a source in California or income above a certain amount, you need to file a federal tax return.

This depends on several things. Filing late returns is usually stressful, especially if you are looking at several years of tax. It’s easy to make a mistake in this case. The best choice is to Call Leading Tax Group for guidance.

The IRS and the FTB are two separate and distinct taxing authorities with different ways of calculating tax. It is perfectly possible to owe the IRS for a particular year and get a refund from the FTB for the same year.

If you are late paying sales tax, assessments, penalties and possibly involuntary collections on the past due amounts can be used to force you to pay the money you owe.

Additional assessments/penalties may be issued against you. Eventually, the issues will be referred to –and addressed by – the CDTFA. If this is your case, Call Leading Tax Group today so our tax experts can help you.

Yes, even if you owe nothing, you can still be penalized for filing the taxes late. The law requires you to file your taxes and provides a deadline for it. It is best to file on time as required to avoid any such penalties

You may set up an online account to file and pay at: CDTFA.CA.GOV. Click “File a Return” and follow the steps to complete the process. If you require some assistance, or don’t know what to claim on your return, contact us.

Yes, in some cases. At the time of writing, this depends on which state you are operating in. The best option for you is to Call Leading Tax Group for an evaluation of your situation.

Penalties can be assessed and collection action can be taken against you. Extreme measures, such as shutting down your business operations, usually trigger an audit. Call Leading Tax Group for quick assistance with your payroll taxes.

The short answer is Yes. The IRS can also impose Civil Penalties/ Trust Fund Recovery Penalties individually to the principals of a business. This can add to your troubles, so it’s best to Call Leading Tax Group for assistance as soon as possible.

You will get penalties and collection action can be taken against you to recover the money. Remember, shutting down your business operations or filing for bankruptcy can trigger an audit. Call Leading Tax Group for professional tax assistance.

If you want to make payroll tax deposits and file a return to report, the Electronic Federal Tax Payment System (EFTPS) is the best tool to use. Keep in mind that you need to set up an account before you can file and pay payroll taxes.

This varies based on IRS categories. It is typically related to the volume and frequency of your payroll overall. However, the quarterly tax and wage report should be filed before the last day of the month following the calendar quarter.

In most cases, the employer is held accountable for unpaid payroll taxes. Sometimes, other officers /payroll processors can be held accountable, especially if Civil or Trust Fund penalties are assessed.

The Bank Secrecy Act requires you to report certain foreign bank accounts to the Treasury Department. If you are a US citizen with a foreign account balance of $10,000 or more, you need to report it. The IRS and the Treasury Department have a very rigid process for declaring overseas assets

Even though they cannot “see” it, they can find out about it eventually. If you did not report the foreign bank accounts and you have a total balance of $10,000 or more, it would be best to consult Leading Tax Group before the IRS discovers the unreported asset.

Some foreign bank accounts can be reported using IRS Form 3520. Also, you can file a Report of Foreign Bank and Financial Accounts (FBAR) on FinCEN Form 114. If you need help with this, get in touch with our tax experts.

There is no limit imposed by the IRS. Only your bank can impose a limit on the amount of money you can have in your account. However, you must report the foreign bank accounts to the IRS if the total balance is over $10,000.

You should include all of the following accounts in a FBAR: checking, savings, securities, brokerage, and deposit. However, you are free to report any kind of account you hold with a financial institution overseas.

You are not required to disclose information about your foreign bank accounts if the total balance (across all accounts, not each individual account) is less than $10,000. If the total balance equals or exceeds $10,000, you are required to report the accounts.

The Aggregate value is the total value of all of your accounts. If you have 5 accounts and their total value is above $10,000, you need to declare all of them – even when all of them have a balance of less than $10,000.

The Franchise Tax Board typically has 4 years from the date you filed your return to issue an assessment. However, special circumstances can apply. Call Leading Tax Group for more information about these circumstances or for assistance.

FTB is the state of CA taxing authority, so it handles state income tax obligations. The IRS handles federal income tax obligations. However, the two often work together if the situation warrants it.

Because they love you? No. The letter is usually the way to remind you of a balance due or a tax return due or received. However, the FTB can send you a letter notifying you of future or current liens or levies.

Yes, the Franchise Tax Board can garnish wages just like the IRS. If you feel that they are taking more than you can afford, call Leading Tax Group. We will do our best to change the garnishment and lessen the financial burden.

In most cases, a Franchise Tax Board audit is triggered by discrepancies found or suspected during an internal review. If you need help with a current FTB audit, or if you just want to get more information, Call Leading Tax Group.

In answer to AB5, the EDD is frequently scrutinizing the status of workers, determining whether workers are truly 1099 independent contractors or genuine W2 employees. Other reporting discrepancies can also trigger an audit. Call Leading Tax Group for any EDD matter short of individual unemployment insurance claim issues.

Yes, this cross reference can happen. The best way to head off multi-agency issues is to call Leading Tax Group and discuss the specifics of your situation with one of our tax experts. We have over 10 years of experience.

Penalties can be assessed for inaccurate filings, deficient reporting, etc. If the EDD auditor believes you have committed fraud or intent to evade, you can get a 50% penalty added to the assessment.

It depends on your situation. You may not need to settle on a preliminary assessment from the CDTFA. Call Leading Tax Group and discuss the specifics of your situation with our tax experts. We could save you a lot of money.

This means an examination of your tax return(s) is in progress. To possibly beat an undue assessment from the CDTFA, we would advise you to call an expert at Leading Tax Group for guidance (the sooner the better).

When sales receipts are different than what was reported to the CDTFA. It’s also worth noting that closing a location, declaring bankruptcy, shutting down operations, and dissolving a business all usually lead to a sales tax audit.

Typically the only way out is to go through the audit process. You should be accurate and honest. If the IRS requires some documentation, you should give it to them. Call Leading Tax Group if you need more information or help.

There is typically a fair amount of proving up receipts and reports during the auditor review. It is important to have good representation from somebody who knows everything about sales tax audits. Call Leading Tax Group

CDTFA is an abbreviation for California Department of Tax and Fee Administration. The CDTFA sales tax is collected during the sale and then forwarded to the State.

Start by reading the letter you have received from the IRS to find out why the agency wants to audit you. The next thing you should do is call Leading Tax Group for an initial consultation. We can help you prepare for the audit.

The IRS has roughly 10 years from the date of the assessment to collect on both the delinquent taxes and the fees. However, there are some exceptions that can change the collection statute expiration date. Call Leading Tax Group for more information.

No, you will not be able to get a refund if you owe money to the IRS. The Internal Revenue Service will take the refunds to pay the tax bill. In fact, this is one of the conditions of the installment agreement.

If you get a penalty for failing ti submit the tax return on time, the fine will be deducted from the refund. In other words, you will get just part of the refund. If you think the IRS has made a mistake, get in touch with our tax experts.

The IRS will file a Substitute For Returns (SFR) on your behalf. This is based on reported income and does not include any including write offs, deductions or credits that could benefit you. They can assess a balance due based on this calculation.

After 10 years, if the IRS has failed to collect unpaid tax debt, the debt is written off.  Keep in mind that some exceptions can change the statute of limitations though. Call Leading Tax Group for more information.

Not filing your taxes for 10 years can lead to a lot of problems and complications. We need more information about your situation to determine your filing requirements. Call Leading Tax Group and talk to one of our tax experts.

Unfortunately, if you file jointly, this could have consequences for you. The consequences vary, so it’s best to Call Leading Tax Group as soon as you realize that your spouse has not filed his or her taxes.

You can use the IRS’s “Where’s My Refund” tool. Another option is to call the IRS directly at 1-800-829-1040. Finally, you can log into your online account and view your account information.

Unfortunately, the time it takes the IRS to release a levy or remove a wage garnishment varies wildly. It can take anywhere from 2 hours to 2 weeks.  Call Leading Tax Group to discuss the specifics of your case and to find out what you need to do to lift the levy.

There are several ways in which you can have a levy released. Your best choice is to call Leading Tax Group and talk to one of our tax experts. Depending on what the IRS requires , we can help you get the levy released.

During an IRS bank levy, the IRS directs your bank to freeze, and eventually forward a certain amount to them to satisfy a tax liability. Call Leading Tax Group ASAP because you have just 21 days to challenge the levy.

Yes. They can take the money in your bank account to pay off your tax debt. However, the IRS is obligated to give you a written notice and to allow you to challenge its claim before it moves to collect the money.

Your account will be frozen for up to 21 days, after which time the bank is obligated to forward the money to the IRS. You will not be able to make any withdrawals, but you can appeal the levy. Time is of the essence, so it’s best to call Leading Tax Group as soon as possible.

You have the right to appeal the IRS’s bank levy. However, the process is not always as straightforward as one would expect. We advise you to get help from a tax expert to make sure the appeal goes smoothly. Call Leading Tax Group

Depending on the type of income you receive, they can take up to 100% in some cases. However, in many cases, a part of your wage will be exempt from the levy. If you’ve received a levy or intent to levy notice, it is best to call Leading Tax Group ASAP.

No, the IRS must notify you before taking your money. You can challenge their claims and make an appeal. However, if you are in the collection process and the IRS has already sent you the bill, they can levy you at any time.

In rare cases, the IRS can garnish 100% of your paycheck. This applies if you have more than one job. The IRS may choose to garnish all the wages from one of your employers. If you have just one employer, part of your wage will be exempt from garnishment.

Yes, but only if you have more than one job. One of the wages may be garnished entirely and the other(s) will be garnished only partially. To calculate the exempt amount, read IRS Publication 1484 or give us a call.

This depends on what must be remedied in order to prevent or reverse the garnishment. The easiest way to do it is to pay the debt in full. Going to court and asking for installment payments also works. Call Leading Tax Group and we’ll show you the best course of action.

Yes, the collection process has remained unchanged. Even though the Covid-19 pandemic has caused many people to lose their jobs or to miss their payments to the IRS, the agency continues to garnish wages.

IRS Revenue Officers must have a pocket commission and a HSPD-12 card (the standard form of verification for federal employees) to prove their identity. Both the card and the pocket commission have photos of the IRS RO. You can ask to see them both if you have a concern.

The IRS revenue officers can visit your home or business in the standard course of an investigation. This typically means their prior efforts to get you to pay were unsuccessful or they found a delinquent tax return or other pressing tax matters.

An IRS revenue officer can garnish wages, levy your assets, impose deadlines, file federal tax liens, request responses from you based on deadlines, and so on. You must satisfy their requests as soon as possible because they will be monitoring your case closely. Call Leading Tax Group for help.

A Revenue Officer can quickly take charge of the situation, with the backing of the IRS (which is a federal agency). Your best option is to call Leading Tax Group to ensure you get a more favorable outcome. Our experts have years of applied expertise.

No, IRS revenue officers do not typically carry guns. However, the IRS has a Criminal Investigation Division whose employees do carry guns. This is the law enforcement branch of the Internal Revenue Service.

The good news is that an IRS revenue officer does not have arresting authority. However, they can refer your case to the Criminal Investigation Department if they suspect a cause of fraud. CID employees can arrest you.

During a compliance check, the IRS may inform you by mail that you have been selected for an audit. The initial letter typically states the year(s) they are auditing, the items in question and the tax return(s) they wish to examine, as well as a deadline to start the proceedings. The IRS field audit brings the IRS to your business site, home or office, while a desk audit is typically done at the local IRS office. Usually, time is not on your side, so you should Call Leading tax Group as soon as possible.

If you go through the audit process and feel that the IRS has treated you unfairly, disregarded your proof, or made a decision without giving you an opportunity to present your proof, then the Audit Reconsideration could be the right option for you. Contact Leading Tax Group to evaluate your options. Remember, the IRS audit period can be up to 3 tax years and the audit proceeding can take months to close.

The IRS may question your calculations or ask for proof of your expenses or declared write offs on the return(s) in question. They will give you a timed window of opportunity to respond to their requests before a determination/assessment is made. The entire process can take several months to complete. Knowing specifically what the IRS wants/accepts as proof can be tricky. Call Leading tax Group to discuss the process.

Typically, IRS audits can take several months to wrap up. In some cases, it can take up to 2 years to get a final resolution. Hiring a tax professional can often shorten the period, as well as get you a better outcome. Call Leading Tax Group for a consultation.

In certain cases, you can. Keep in mind that the IRS is not a court, so it cannot send you to jail. It can, however, turn your case over to the Justice Department which, in turn, may accuse you of tax evasion. Call Leading Tax Group for more information.

Timeline on retaining diverse tax records varies. However, the statute of limitations for an IRS audit expires after 3 years. It’s a good idea to keep the tax records for 3 years after you’ve filed a return. Call Leading Tax Group if you need more information.

If the IRS visits your home or place of employment, the first thing you should do is obtain their name/contact information. Get as much information as possible about the tax issue they are contacting you about and then call Leading Tax Group for an evaluation on what needs to be done to solve the problem.