Tax Controversy Issues

Tax problems are some of the most frustrating and stressful issues a person can endure throughout life. The United States tax code is very complicated, and many companies employ teams of attorneys in order to maximize tax savings.

Unfortunately, many individuals cannot afford to take this measure of action, and thus must struggle to understand any tax controversies that may arise, or suffer the consequences of failure.

An intelligent, knowledgeable tax lawyer from WealthPLAN, PC, is your best weapon when facing down tax controversies, and this option comes highly recommended by anyone who has experienced it.

Understanding California Tax Controversies

Tax controversies can be complex, often posing massive financial risks to California individuals and businesses. Below, we delve into some common tax controversy issues those in San Diego and nearby regions should understand just in case the Internal Revenue Service (IRS) comes to call.

• Income tax collection: The IRS frequently examines income tax filings for discrepancies or underreported income. Issues such as unfiled tax returns, incorrect deductions and failure to report income can lead to disputes and penalties.
• Payroll tax disputes: Employers must withhold and pay payroll taxes accurately. Misclassification of employees, failure to deposit taxes on time or errors in reporting can trigger IRS audits and penalties. Additionally, California has unique employment tax requirements to follow.
• Court cases: When taxpayers disagree with IRS assessments, they may pursue a tax court solution. This process allows taxpayers to seek resolution before a judge on tax deficiencies, penalties and other disputes.
• Tax liens and garnishments: The IRS may place a lien on property or garnish wages to recover unpaid tax debt. A tax lien is a legal claim against the taxpayer’s assets, while garnishment involves seizing funds directly from a bank account or wages.
• Property seizure: In extreme cases, the IRS may seize and sell a taxpayer’s property to satisfy unpaid tax debts. This can include real estate, vehicles and other valuable assets, and often leads to devastating financial loss for the taxpayer.
• Back taxes: Accumulated unpaid taxes from previous years can result in substantial liabilities and interest charges. Taxpayers may face enforcement actions from the IRS or the California Franchise Tax Board (FTB) to recover these overdue amounts.
• IRS appeals: Taxpayers have the right to appeal IRS decisions through the Office of Appeals. This independent body reviews disputes and offers a platform for resolving issues without going to court. Understanding the appeals process is essential for achieving a fair outcome.
• Estate tax examinations and audits: The IRS and state tax authorities often scrutinize estate tax returns to ensure accurate reporting of the decedent’s assets and liabilities. Audits can result in adjustments to the reported values and additional tax liabilities.

Having attorney assistance when dealing with tax controversies is crucial for your protection. Our team can offer knowledgeable guidance and negotiate with tax authorities on your behalf while safeguarding your rights and interests.

Initiating any tax controversy process without a skilled legal professional will most certainly end in failure, and can have devastating effects on one’s financial life.

Effective Tax Controversy Representation

WealthPLAN, PC, has a deep understanding of United States tax law and has worked both with and against the IRS to help resolve many different tax controversy issues for clients throughout San Jose. Our firm provides comprehensive tax controversy representation before the IRS, Franchise Tax Board, State Board of Equalization, County Assessment Appeals Board, and Employment Development Division.

Since 1996, WealthPLAN, PC, has provided top-shelf advice, support, services and even representation to those who are involved in simple tax controversy issues, or matters as serious as tax litigation. Our firm will conduct the research necessary to become familiar with your situation and has many resources available to resolve your concerns in as little time as possible.