We are affordable full service tax firm that specializes in the release of California tax levies. Since 1982
If you owe back taxes to the state of California they have the right to suspend your license and virtually shut down your source of income. Until your tax debt is settled you will have no right to obtain a license.
You can call us today and speak to a CPA or former government agent who knows the exact process of how to get a fast and affordable levy release , get your license back with the possibility of settling your case at the same time through an offer in compromise.
As a general rule, the board of equalization does not send out a tax levies until it tries to take positive steps to reckon the collection of the tax through voluntary compliance.
As a general rule the last thing a federal or state agency wants to do is take mandatory collection action that will upset the taxpayer.
Many times taxpayers are hesitant to address the issue it forces the state or federal agency to take levy action. a levy is a formal seizure.
Should voluntary compliance fail, collection activities includes liens, levies, wage garnishments , suspension of licenses and other similar actions. many times the suspension of licenses are the worst part of the collection process because it can cease and desist all income.
The appropriate collection actions are determined by the collection staff after a careful review each taxpayer circumstances and compliance history.
The decision to take summary collection actions is not taken lightly and it is never the first option they always asked to voluntarily collect the facts
The levy procedures are as follows:
After steps have been taken to collect the money and all notices have been sent and the tax liability still remains at large as well as all voluntary compliance methods have failed and the taxpayer has not make arrangements to pay the tax, a notice of levy is usually the most effective collection activity taken by the BOE staff.
When the financial institution or others holding the asset receive the levy it will a place a 10 day hold on the taxpayer’s assets unless a claim of exemption is filed within 10 days.
The funds will be sent on the 11th day. The tax levy notice that is sent will include two copies one that is sent to the entity being levied typically the bank or credit union and a copy to the taxpayer.
Should you have any question call us today for free initial tax consultation and we will walk you through the process of obtaining a levy release.
You can settle your case and reduce your tax liability get your license back.
What is an Offer in Compromise?
An Offer in Compromise (OIC) is a proposal to pay the Board of Equalization (Board) an amount that is less than the full tax or fee liability due.
Do you qualify for the OIC program?
The OIC program is for taxpayers or feepayers that do not have, and will not have in the foreseeable future, the income, assets, or means to pay their tax liability in full. You qualify for the program if you meet all of the following criteria:
• Have a final tax or fee liability on a closed account.
• Are no longer associated with the business that incurred the liability or a similar type of business.
• Do not dispute the amount of tax or fee you owe.
• Cannot pay the full amount you owe in a reasonable amount of time.
Effective January 1, 2009 through January 1, 2018, the Board will also consider an OIC for open and active businesses that have not received reimbursement from the taxes, fees, or surcharges owed; successors of businesses that may have inherited tax liabilities from their predecessors; and consumers, who are not required to hold a seller’s permit, but incurred a use tax liability.
How do you apply? By Calling us 1-866-700-1040
