Modesto, California, Tax Attorney
Tax law encompasses a broad range of regulations that can make it extremely difficult to stay up-to-date on current regulations. Whether you are managing your tax liability or the tax obligations of your business, you should be aware of how current and new tax laws affect your taxes. If you need assistance managing your taxes, you should contact an experienced Modesto tax attorney today.
The NewPoint Law Group, LLP, understands the tediousness associated with keeping track of various tax laws, and we are here to alleviate the process. Our tax attorneys possess a wealth of experience managing the tax liabilities for residents of Modesto, Roseville, Folsom, and across the State of California. To schedule a confidential consultation to discuss your tax situation, contact the NewPoint Law Group, LLP, at 800-358-0305, or contact us online.
Tax Law Services
At NewPoint Law Group, LLP, we are prepared to offer your business a wide range of tax services depending on your specific needs. We recognize the difficulty of operating a business while maintaining compliance with tax regulations, and we are ready to work with you. The following is a list of tax law services provided by our firm.
Tax Return Planning
When filing a personal or business tax return, it is imperative to ensure that your submission is free of errors. Filing a tax return that contains errors, whether you were aware of the mistakes or not, can result in your tax liability being increased or possibly facing a tax audit.
If you believe that your tax return contained errors, it is better to address the issue as soon as possible. Our firm can work with you to amend your tax returns to ensure that you are not subject to tax penalties from the IRS due to mistakes or omissions.
Additionally, our firm can also ensure that you take full advantage of any tax breaks that your business is eligible to receive. This includes tax deductions, tax credits, and other methods of reducing your tax liability.
Unfiled Tax Returns
Failing to file tax returns for your business could cause you several issues. For example, if you have one or more unfiled returns, the IRS may withhold your tax refund. This is one of the milder penalties that the IRS may employ for failure to file a return.
Another option available to the IRS to handle unfiled tax returns is to file a substitute return for the taxpayer. A substitute tax return is a return that is filed by the IRS on behalf of the taxpayer. Unfortunately, the IRS does not utilize any of the tax credits or deductions that the taxpayer is entitled to when filing the substitute return. That is why it is important to file a petition with the IRS to avoid the possibility of having a substitute return filed on your behalf.
Tax Liens and Levies
If a taxpayer fails to manage their tax liability, the IRS may issue a tax lien on their property or the property owned by their business. A tax lien is typically only used when a taxpayer has not only failed to handle their tax obligations but also ignored correspondence from the IRS.
Once a tax lien is issued against the property of a taxpayer, the taxpayer may encounter a number of problems. For example, the taxpayer may have issues receiving loans needed to operate their business, among myriad other problems.
If a taxpayer does not handle their tax debt after a tax lien is issued on their property, the IRS may then move on to perform a tax levy. A tax levy will seize any property the IRS needs to satisfy the tax debt of the taxpayer.
Before a tax levy is performed, the taxpayer will have ample opportunity to reach out to the IRS to handle their tax obligations. Even if the taxpayer cannot afford to pay their tax debt all at once, the IRS may work with the taxpayer to create a payment plan.
Under certain circumstances, the IRS may have the power to suggest that the criminal court system handles your case. However, the IRS is typically more inclined to work with taxpayers to handle their debt before turning to the judicial system.
There are various other areas of tax law that the NewPoint Law Group, LLP, can help you with, from international tax law for expatriates to preparing for a tax audit.
Work with Our Trusted Modesto Tax Planning Lawyers Today
If you require tax assistance for your business, consult with an experienced Modesto tax planning lawyer today. The NewPoint Law Group, LLP, can help you address various tax issues from tax preparation and planning to handle unfiled tax returns. To schedule a confidential consultation to discuss your tax issues, contact our firm at 800-358-0305.