Although an economic rebound is advertised in an election year, the simple truth is that San Diego tax resolution services are needed more than ever. The recovery back from the recession is characterized in California by smoke and mirrors. The Tax Resolution Institute has experienced new Southern California clients, including many San Diego taxpayers, who are in huge trouble because the ghosts of the recession are coming back to haunt them. As the ghosts return in the form of delinquent income tax bills and notices from the Internal Revenue Service and the California Franchise Tax Board, the taxpayers are caught in a terrible bind and need the best in tax resolution services.
When times are tough and money is tight, the first place where taxpayers tend to hold back their cash is when it comes to their income taxes. The taxpayer in San Diego experienced many profitable years in the past so he thinks, “These financial problems are just temporary. Soon my business will get back on track and I’ll be able to catch up. I can pay back my delinquent income taxes to the IRS and the Franchise Tax Board after I get back on my feet.” Although this reasoning sounds good at the time, it too often leads to disastrous results. As two of the largest collection agencies in the world, the Internal Revenue Service and the Franchise Tax Board do not care one iota about your financial difficulties. They simply expect to get paid and, if they have not been paid, they are coming after your wages with wage garnishments, your bank accounts with bank levies, and your assets with asset seizures.
Just like you, American and the state of California have gone through a rough patch. And now they have to find the money to fill in those budget deficits and pay their own bills. Guess where that money is coming from — delinquent tax debts and everything owed in the past. The Revenue Officers for both the IRS and the California Franchise Tax Board are going after delinquent tax debts with a renewed enthusiasm and focus. If you owe delinquent taxes and you think you will get away with it, think again.
The problem for the San Diego taxpayer above is that he hoped his business would prosper again, and he could use the new profits to pay his delinquent tax debts. Although his business is no longer threatened with going under, it is not doing all that well either because the California economy is still in the dumps. Suddenly, when the notices in the mail start arriving and the phone starts ringing, he is caught in a real bind and needs tax relief and effective tax resolution services above all else. Luckily, the Tax Resolution Institute has extensive experience helping Southern California taxpayers, including many successful individuals from San Diego with back income tax problems, find the answers that they need. Not necessarily the answers that they want, but the tax answers that they need to keep them economically viable and protect the financial security of their families.
The Best In San Diego Tax Resolution Services
If you live in San Diego and you are facing a delinquent tax problem with either the IRS or the California Franchise Tax Board, please don’t roll the dice and hope for the best. Do not be the ostrich who sticks his head in the sand and prays that all his problems will just go away. Tax problems never just go away. Instead, take a positive step and contact the Tax Resolution Institute for a free consultation and the very best in San Diego tax resolution services. We can help if you make the decision to help yourself and take action.
About Peter Y. Stephan
Peter Y. Stephan, executive director of the Tax Resolution Institute, has been helping people resolve large, complex payroll tax problems and personal income tax problems for over 25 years. Peter has written a book "The Ultimate Tax Resolution Guide" and speaks on Tax Resolution topics frequently.