Vacaville, California, Tax Attorney
Tax law has often been a difficult topic whether you are merely filing personal returns or business returns. Fortunately, you do not have to make sense of various tax regulations and changes if you seek the aid of an experienced tax attorney that can guide you through the process. If you need legal assistance to manage your tax law issues, you should consult with an experienced Vacaville tax attorney as soon as possible.
The NewPoint Law Group, LLP, has a wealth of experience handling a broad range of tax law issues for residents of California and other states, and we would like to offer you the legal representation you deserve. We understand that tax regulations can seem daunting, but we can help alleviate your concerns and address your specific needs and goals. To schedule a confidential legal consultation to discuss your tax matters, contact us at 800-358-0305. You may also use our online submission form to schedule an appointment.
Common Tax Law Issues in Vacaville Our Firm Handles
With frequent changes to the tax code every year and a plethora of government tax agencies to keep up with, it can be stressful to ensure that you are in compliance with tax laws that apply to your situation. Under these circumstances, it would be wise to work with an experienced tax lawyer that can help you manage your tax situation. The following is a list of common tax law issues the Vacaville tax lawyers at the NewPoint Law Group, LLP, can handle for you.
Tax Return Planning
Whether you are filing a personal return or a business tax return, it is vital to have a plan that fits your unique needs. For example, if you wish to claim a deduction for using part of your home as an office, you should be sure that you have met the requirements for the home office deduction. There are various other tax issues that tax return planning can help resolve:
- Forming a business entity
- Managing capital gains tax
- Utilizing a tax credit
- Making a charitable contribution
A tax audit is typically performed if the Internal Revenue Service or other government tax agency believes that there is a discrepancy in your previously filed taxes. For example, if your company is operating at a loss for several years. However, a taxpayer should not fear a tax audit as they often simply require the taxpayer to provide additional information about their finances.
Tax audits can be initiated for a number of reasons. Whether you need legal representation for a correspondence audit, office audit, or field audit, our firm is here to help you handle your tax audit.
Unpaid Tax Returns
Every Vacacille taxpayer should do their best to pay their tax returns on time. Failing to file a tax return before the deadline can cause a number of issues for a taxpayer. Fortunately, the IRS is often willing to work with a taxpayer that has not filed their return on time. For example, the IRS may offer a taxpayer an installment program for paying off a tax bill.
There are also a number of benefits to paying your tax return on time. For example, timely filing your taxes will allow you to recover your tax return sooner. Additionally, filing your tax return will also ensure that your taxes are put towards your retirement benefits through the Medicare program.
Tax Liens and Levies
If a taxpayer fails to file their returns and pay off their tax bill, the IRS may move to apply a tax lien to their property. A lien can be applied to personal property or property owned by a business that has not filed its tax returns. Additionally, a tax lien can also be placed on all property a taxpayer acquires while a lien is still active.
If a tax lien is paid, the lien can be removed from the taxpayer’s property within 30 days. However, if a tax lien is not paid within a certain amount of time, the IRS may issue a tax levy for the property named in the lien. As a result, the IRS could seize all property of the taxpayer to repay their tax debt. This can be devastating for a taxpayer, especially if equipment needed to operate a business is seized.
It is vital to work with the IRS to avoid the levy of your property. A taxpayer that does not respond to a tax lien or levy may also be subject to criminal charges in extreme cases.
There are a variety of other tax issues the NewPoint Law Group, LLP, can help you resolve. We understand that the tax code can be difficult to navigate, and we are here to address any tax concerns you may have. Do not hesitate to contact one of our experienced attorneys to discuss your legal options for your unique tax situation.
Work with Our Committed Vacaville Tax Lawyer Today
If you require legal aid to handle a specific tax problem affecting you or your business, you should contact an experienced Vacaville tax lawyer to discuss your needs. The NewPoint Law Group, LLP, is committed to working with our clients to handle routine and complex tax issues that may arise. To schedule a confidential legal consultation to speak about your unique problem, contact us at 800-358-0305. You can also schedule a confidential consultation online.