Issues in the Offer in Compromise Process
The IRS will consider valuation issues based on a number of things. When valuing assets, it’s always important to take the valuation.
Taxes and Bankruptcy
It can be a very effective tool if the taxpayer has other debts.
IRS liens so I want to talk briefly about IRS liens
The lien usually after the liability has been paid at fault or the tax the government can subordinate a lien which means it drops.
IRS levies. A levy is a seizure of property or assets.
IRS frequently levies businesses, and for those businesses that need that money to pay rent or payroll or other necessary expenses.
Interest and Penalty Abatements
The IRS will go through a series of questions with the taxpayer representative. If they find a cause, they will automatically abate penalty on the spot.
Innocent Spouse Relief
That is a particularly tricky proposition because oftentimes if one spouse is cheating on their return or understating liability.
Differences Between the Federal Tax System and the California State Tax System
A lot of times when there is a budget shortfall the state will lean on their self tax and the federal tax bureau.
California State Specific Tax Issues
The time frame in California right now is if I were to represent a client in a sales tax audit and me and the auditor just agreed on the result.
California Collection Tools Part One – Voluntary Compliance
Payment arrangements at the state level are a little stricter than they are at the federal level.
California Collection Tools Part Two – Involuntary Compliance
Warrants or seizures of property and levies are actions taken against bank accounts and things like that.
Types of Assets That California Collections Will Seize
The manuals that the collection agent received.
Prohibited Collection Activities for State Collection Agents
There is a published list of prohibited collection activities.