Tax Resolution and Representation in Carlsbad, California
Receiving a Notice from the IRS, FTB or other agency regarding your taxes or your business can be extremely stressful. But when things get rough, our experts in tax resolution in Carlsbad have your back.
Cardin and Company provides tax resolution in Carlsbad, as well as tax representation, for individuals and businesses being audited. Cardin and Company has over 20 years of experience in helping taxpayers with their tax troubles. We have extensive experience with obtaining favorable results.
Offer in Compromise
If you are unable to pay your tax debt in full and you cannot afford to make large monthly payments, you may want to consider the Offer in Compromise (OIC) program. An OIC allows a taxpayer to settle their debt for less than the amount they owe. You may qualify for an OIC for any of the following reasons:
- You may not be able to afford the amount due based on your financial situation.
- You may not agree that you owe the tax or the amount of the tax.
- There may be compelling reasons that the taxing agency would consider sufficient basis to qualify.
At Cardin and Company, we settled a client’s $500,000 tax liability with the IRS for a mere $5,000, which is a penny on the dollar. We have also been extremely successful in having our offers accepted for a fraction of the original amount due.
Audits can be a very frightening and intense experience. It is imperative to be well-prepared for them. All oral statements and written documentation can later be held against you. We can assist you in resolving your audit by taking over representation with the agency who is auditing you. As an Ex-IRS auditor, Ms. Cardin has extensive experience in audits with the Internal Revenue Service, Franchise Tax Board and Employment Development Department. She’s the foremost expert on tax resolution in Carlsbad and across California.
Your return may be examined for a variety of reasons, and the examination may take place in one of several ways. Audits are conducted to verify the accuracy of income, expenses, and/or credits reported on your return. Many times a simple mistake can cost thousands of dollars.
Liens – Levies – Wage Garnishments
The most common enforced IRS collection actions are liens and levies. This also includes levies of salary or commissions which is often referred to as wage garnishments.
A lien is a claim against your property, including property that you acquire after the lien is filed. When a Notice of Federal Tax Lien is filed, the IRS establishes its interest in your property and therefore becomes a creditor. A federal tax lien may appear on your credit report and could possibly harm your credit rating. A federal tax lien can only be removed by a “Certificate of Release of Federal Tax Lien” obtained from the IRS.
A Notice of Levy allows the IRS to confiscate and sell property to satisfy a tax debt. This property could include your car, boat or real estate. The IRS may also levy assets such as your wages, bank accounts, Social Security benefits and retirement income. The IRS may also seize future state and federal tax refunds you are owed and apply them to your tax liability.
Our office has extensive experience in removing federal and state tax liens against our clients’ property and wages. If you have received a Notice of Levy, Notice of Intent to Levy, or Notice of Lien, contact our office today to discuss your options.
An installment agreement may be requested if you cannot pay your tax liability in full. This is an agreement between you and the IRS (or other taxing agency) for the collection of the amount due in monthly installment payments. There are certain criteria that you must meet in order to be eligible for an installment agreement. Our office can help you determine whether you meet these requirements.
Setting up an installment agreement may become necessary to avoid levies and/or garnishments. Our office offers first-rate tax resolution in Carlsbad and can assist you in scheduling a monthly payment plan that best suits your budget.
Innocent Spouse Relief
Many married taxpayers choose to file a joint tax return because of certain tax benefits. Both taxpayers are jointly and individually responsible for the tax and any interest or penalty due on the joint return even if the marriage is later dissolved. This is true even if a divorce decree states that a former spouse will be responsible for any amounts due on previously filed joint returns. One spouse may be held responsible for all the tax due even if all the income was earned by the other spouse.
In some cases, a spouse can be relieved of the tax, interest, and penalties on a jointly filed tax return. By requesting innocent spouse relief, you may be relieved of responsibility for paying tax, interest, and penalties if your spouse (or former spouse) improperly reported items or omitted items on your tax return. Generally, the tax, interest and penalties that qualify for relief can only be collected from your spouse (or former spouse). However, you are jointly and individually responsible for any tax, interest, and penalties that do not qualify for relief. The IRS can collect these amounts from either you or your spouse (or former spouse).
Delinquent Payroll Taxes
Under our current tax laws, employers are required to collect (through withholding) certain taxes from their employees. The taxes withheld are commonly referred to as ‘trust fund taxes,’ reflecting the Code’s provision that such withholdings or collections are deemed to be a ‘special fund in trust for the United States.’
The employer is required to pay over these “trust fund taxes” to the government and is liable for the amount of taxes which should have been paid. In addition, the Code allows the government to recover, through the 100% penalty, any amounts not paid by the employer by assessing a penalty against those persons within the employer corporation who are deemed responsible for the failure to pay the trust fund taxes to the government.
Failure to pay payroll taxes may put your business and/or you personally at grave risk if this situation is not handled in the proper manner. Ignoring them will only worsen the problem.
Additionally, the penalties on negligent payroll tax deposits or filings can considerably increase the total amount owed in a matter of weeks.
Expert Tax Resolution in Carlsbad
Our expert team has the experience and expertise with tax resolution in Carlsbad to protect you and your business. By acting now you will eliminate any complications that waiting may cause.