The Best Way To Protect Your Future
If you are facing an audit or are involved in tax controversy, you should not have to go up against the Internal Revenue Service (IRS) or state authorities on your own. While individuals and business owners who violate federal and state tax laws face significant penalties, simply making mistakes on a tax return may also have serious consequences. The best way to protect your rights, your assets, and your future is to consult with an experienced tax lawyer.
Regal Tax & Law Group, PC. provides advice and guidance to taxpayers, including self-employed individuals and business owners throughout California and across the nation. We work with business clients across multiple industries, including realtors, investors, and cannabis companies.
Our legal team regularly handles a broad range of tax-related issues and controversies, including:Tax AuditsTax disputes and litigationIncome tax evasionFailing to pay sales taxesLevies and liensInstallment agreementsOffers-in-compromiseWage garnishmentsAdministrative appeals
In all my years I have never met a person who is so gifted at her job. Regina is an amazing attorney who makes her clients feel like friends. Obviously I can not speak regarding my case but Regina knocked it out of the ballpark for me and left nothing but a smile on my face. If you are looking for someone whose professional, knowledgeable, exceptional, and just down right good person than she is who you want…no let me rephrase, need.
Incredibly Capable and Trustworthy
Working with Regina has renewed my faith in humanity–I never imagined finding a tax attorney who could be equal parts compassionate, intelligent, and professional. Regina is an accomplished and dedicated attorney, and her depth of experience provided me with a great deal of faith during a time of uncertainty. Most noteworthy of all, she is incredibly trustworthy. I give Regina my highest possible recommendation.
Regina was able to provide us with best solutions for our case. she is very knowledgeable, patient and hard working; she takes her time to explain as well as follow up on any questions we had in the process. I was very pleased with the results came from Regina.
We Have a Proven History of Helping Our Clients Avoid Tax Penalties
Well-versed in the applicable tax laws, we have a proven history of helping our clients avoid or resolve tax penalties. Although the IRS and state tax authorities have an unfair advantage over taxpayers, we have the knowledge and skills to level the playing field. When you become our client, you will have a team of powerful tax attorneys, former IRS agents, and certified public accountants in your corner. Above all, we will always put your best interests first and work tirelessly to protect your rights. Please contact our office today to schedule an initial, complimentary consultation.Tax Penalties
If you run a business in San Diego, Orange County, Los Angeles or San Francisco, navigating California’s tax laws can be complicated and confusing. Moreover, dealing with the IRS can be intimidating. The federal agency can assess penalties that can be tacked on to your tax bill and use aggressive collection tactics, such as:Placing a lien on your personal propertyImplementing a tax levySeizing income, financial accounts and assets
We Will Explore All Your Options
Regal Tax & Law Group, PC will work closely with you to explore all your options. Depending on the circumstances, we may be able to negotiate a settlement with the IRS on your behalf. Possible arrangements include:IRS Installment Agreement and Payment Plan
IRS Installment Agreement and Payment Plan in which you pay monthly installments to the IRS over time until the tax debt, including interest and penalties, is paid in full. Our experienced tax lawyers will help you establish a workable payment plan that suits your financial needs and allows you to effectively manage your tax liabilities.Offer in Compromise (OIC)
Offer in Compromise (OIC) is an arrangement that permits you to settle a tax debt for less than the entire amount owed; however, the IRS must find that making full payments would cause you serious financial hardship. We will help determine whether you qualify for an OIC, handle all dealings with the IRS, and make sure that your rights are protected.
Our tax attorneys will provide you with trustworthy advice and objective insights so that you can make the right decisions about your future. Additionally, if we can demonstrate that you have a valid reason for being delinquent with your taxes (e.g financial hardship, honest mistake), it may be possible to obtain an abatement or other form of tax relief:Tax Penalty Abatement
In this program, the IRS will reduce the penalties that have been assessed as long as there is a valid reason. According to the IRS Penalty Handbook, valid reasons for a tax delinquency include:Receiving improper advice from a tax preparerSerious illnessSignificant disability
To qualify for an abatement, we must be able to show that you exercised “reasonable care and prudence” in determining your tax obligation. In addition, there is a “first-time penalty abatement (FTA)” that offers relief for a single tax period, but this arrangement is reserved for taxpayers who have a history of compliance. Our tax lawyers will assess your financial situation to determine if a tax penalty abatement request is the best option for you.
Currently Not Collectible (CIC)
Currently Not Collectible is a status granted by the IRS and the California Franchise Tax Board in limited circumstances. In cases of serious financial hardship, the taxpayer is taken out of the collection for a set period of time: up to 12 months for federal taxes and periods of 6, 9, or 12 months for state taxes. You should know that CNC status is not a permanent solution. Instead, it is intended to be a stopgap measure until your financial situation improves and you are able to pay your tax debt, which continues to accrue penalties and interest during CNC status.
Other Services Provided By Regal Law & Tax Group, PC
In addition to designing tax penalty mitigation strategies, our legal team regularly handles other tax controversies and related matters, such as:Wage Garnishment Release
One of the tools the IRS relies on to collect a tax debt is wage garnishment. In this situation, the IRS directs your employer to withhold a significant portion of your paycheck to pay your back taxes. The amount of the garnishment depends on factors such as your filing status, the number of exemptions you claim, and how often you get paid. In any case, a wage garnishment can upend your household finances. This is where Regal Tax & Law Group, PC. comes in. Our tax lawyers can negotiate a full or partial release of the wage garnishment with the IRS, prepare and submit the required documentation, and resolve any other outstanding tax issues.Bank Levy Release
When the IRS levies a bank account, the financial institution is legally obligated to freeze the account(s) up to the amount of the levy and hold the funds for 21 days. You must negotiate the tax debt during this time period, otherwise, the IRS will seize the funds. Given the complexities involved in obtaining a bank levy release, it is crucial to have the strategic representation we provide.Tax Return and Submission
If you are unable to pay your tax debt and have unfiled tax returns, it is crucial to bring those returns up-to-date before you attempt to negotiate a settlement with the IRS or state tax authorities. The tax lawyers at Regal will work closely with you to collect the necessary documentation and have the outstanding returns prepared so that you are better positioned to negotiate your tax dispute. We also review previously prepared tax returns to determine if there are beneficial amendment opportunities.Bankruptcy
Our attorneys work with clients who are faced with distressed debt by exploring options for bankruptcy protection. In particular, we represent individuals, business owners, partnerships and corporations, with an emphasis on reorganizing their debts. We also represent vendors in filing claims with bankruptcy trustees and are well-prepared to handle disputes that rise to the level of business and civil litigation.Contact Our Experienced California Tax Lawyers