IRS Tax Relief | Los Angeles | Flat Fee Tax Service | San Diego
Updated: Jun 15
IRS Tax Relief - Los Angeles, San Diego, California - Flat Fee Tax Service
No matter your income level, everyone can be subject to falling behind on their taxes; especially since Los Angeles, California can be home to some of the most expensive tax rates and living expenses in the USA. If you live in Los Angeles, San Diego and anywhere in California and have been in the need of tax relief, there are many options out there that can help.
WHY HIRE OUR LOS ANGELES TAX RELIEF FIRM, FLAT FEE TAX SERVICE?
The main reasons for engaging Flat Fee Tax Service is because our tax professionals offer great results at very affordable fees. There are many cases when a taxpayer/citizen would need to consult a tax professional for their tax problem. No matter how you look at it, thousands of dollars is a substantial amount of money in Los Angeles and San Diego; difficult for anyone to set aside for the pay off tax issues. Let’s take a look at some of the reasons for tax relief services for Los Angeles residents:
IRS Tax Relief Programs
Are your taxes not paid in full? Not everyone that fails to be pay their taxes or file a tax return is looking to do so purposefully. For many different reasons, you may have unfiled tax returns. This is a major "NO-NO." This tax problem can happen to anyone and isn’t uncommon with our tax relief clients.When you have unfiled tax returns, the IRS will create a tax debt by filing a "Substitute for Return." This will provide a tax debt that the IRS can collect.
Now that you owe the government money, the IRS will assess you with a failure-to-pay penalty. The fee for this usually starts out around 0.5 percent per month and continues until the full offers in compromise are paid off or until the limit is capped off at 25 percent. As a "rule of thumb" a Substitute for Return will double whatever the tax debt really should be.
Our San Diego-Los Angeles Tax Professionals know how to obtain a tax settlement.
If you find yourself in a situation where you are unable to file your tax resolution, you can be facing an even bigger problem from the IRS. As we previously wrote, the IRS may file a substitute tax return on your behalf. Other times, you may not be so lucky. If the IRS does decide to file a substitute return for you, the only consequence you would face is the fact that you would not receive the money that you would have if you did file your taxes on your own.
If they do not file for you, the IRS would apply a failure-to-pay penalty on your account. The penalty for completely failing to file your taxes is a lot worse than failing to pay a credit card on time.
The failure to file fee is 5 percent of the unpaid taxes for each month that your return is late (until it gets to 25% per year). This is a very steep price to pay and can add up very quickly, putting individuals into tax issues. Situations like these are when tax relief services are needed the most.