Areas of Practice
AUDIT DEFENSE
The IRS can audit your income or business tax returns to determine if your deductions, expenses, sales tax, and other items were reported correctly. The IRS and state audit representatives are trained to extract more information than you need to disclose during your audit. The information they get from you will help them increase your tax liability, and often can lead to more tax years being audited. SoCal Tax Law can make sure you have proper IRS representation and insure that you aren't giving them anymore information than is necessary to complete the audit.
INSTALLMENT PLANS
The IRS is willing to help you pay back your tax debt through a payment plan, if you cannot afford to pay it back all at once. The payment plans differ based off of how much you owe, and what your current financial status is. A payment plan may be a great solution to your tax debt, allowing you to pay it off in an affordable and timely manner.
CURRENTLY NOT COLLECTIBLE
Having an account placed in uncollectible status allows the taxpayer to remain current in tax compliance without worrying about enforcement action and allows a taxpayer to recover from a financial setback. The IRS may designate an account as being in uncollectible status for the short or long term
OFFER IN COMPROMISE
Offer in Compromise is an IRS program that allows you to settle your tax liability for less than you owe. Many people are not eligible for an offer in compromise; make sure to stay away from companies that promise you an offer in compromise, without first thoroughly investigating and analyzing your tax situation, and preparing the necessary forms for the IRS. An offer in compromise is a great option if you qualify, and can help you reduce your tax debt to a fraction of what you originally owed.
FILING BACK TAX RETURNS
The IRS has become increasingly aggressive and efficient in tracking down taxpayers who fail to pay, or file their back taxes on time. Owing back taxes to the IRS or that state makes you vulnerable to enforced collection action which can include wage garnishments, bank levy’s, property seizure, and even criminal charges. Having a tax professional properly file your back taxes can protect you in the case of an audit, and mean the difference in how much you end up owing to the IRS.
SALES & USE TAX AUDIT
Being the subject of a sales and use tax audit is a fact of life for many large corporate taxpayers. For other taxpayers, an audit comes as an unwelcome surprise. Predicting what makes a company more vulnerable to a sales and use tax audit can prove to be a valuable exercise. Knowing what triggers an audit can help taxpayers avoid or prepare for the inevitable. Here at SoCal Tax, we have a team of experienced professionals to help you navigate your way through a sales or use tax audit.
BANK LEVY & PROPERTY LIEN REMOVAL
The IRS has become increasingly aggressive and efficient in tracking down taxpayers who fail to pay, or file their back taxes on time. Owing back taxes to the IRS or that state makes you vulnerable to enforced collection action which can include wage garnishments, bank levy’s, property seizure, and even criminal charges. Having a tax professional properly file your back taxes can protect you in the case of an audit, and mean the difference in how much you end up owing to the IRS.
FILE AN APPEAL IN FEDERAL TAX COURT
If you have received a notice of deficiency or you want to appeal an audit finding, we can help you file a motion with the Federal Tax Court. We have experienced tax professionals and tax attorney's that can work to negotiate a settlement or take the IRS dispute to trial.
BUSINESS STRATEGY
The startup and small business marketplace is still a new and fierce frontier that requires tax advice from professionals who are deeply entrenched in the particulars of the industry. We offer a competitive advantage that can help you save money and make more of it in the long run. We’ve steered may top local corporations with a balance of legal, business, operational, and financial strategies that had clear execution and built-in problem-solving contingencies. Our holistic approach is essential to any company looking to grow.