Newport Beach, California is one of the wealthiest cities in the U.S.
If you live in Newport Beach and you have a serious tax problem either with the Internal Revenue Service or the state of California, the Tax Resolution Institute combines a record of experience and expertise in relation to providing genuine tax relief. Whether you have a personal income tax debt or a delinquent payroll tax debt, the Tax Resolution Institute can help carve out a path for you that will resolve your tax problems and restore your financial freedom.
Newport Beach residents and companies have suffered in the recent economic downturn. The combination of a high cost of living and the financial difficulties of the state of California ha resulted in a number of challenges. At the Tax Resolution Institute, we have seen such problems before and we know how to resolve the tax problems that seem to coincide with such difficulties. If you live in Newport Beach and you have serious income tax problems with either the IRS or the California Franchise tax Board, contact us today for help.
Newport Beach reflects the overall prosperity of Orange County. The city’s median family income and property values consistently place high in national rankings, making Newport Beach one of the wealthiest communities in California, and in United States overall. The Daily Pilot, a newspaper published in the neighboring city of Costa Mesa, reported in 2010 that more than a quarter of households have an income greater than $200,000, and the median value for homes exceeds $1 million. In February 2010, Portfolio.com ranked Newport Beach as the richest city in the U.S. Nevertheless, tax problems abound as in all of California.
According to a 2008 US Census estimate, the median income for a household in Newport Beach was $110,511, while the median family income was $162,976. The per capita income for the city was $63,015. If you live in the city and you are experiencing back income tax problems with either the Internal Revenue Service or the California Franchise Tax Board, it is a mistake to sit on your hands and hope the problem will just go away; the simple truth is that it will not. If you take the action and contact us, we can help with a free consultation.
Newport Beach, California as view from the Back Bay looking South
A majority of business ventures in California in general and in Newport Beach in particular have been affected by the recent economic downturn. From such difficult circumstances, it is not surprising that delinquent payroll tax problems arise. When your business experienced such a crisis, you may have made the mistake of a temporary loan from the trust fund in order to cover unexpected expenses. Such a choice can be nothing less than the beginning of the end for a company because either the IRS or the California Employment Development Department will close your doors and hold you personally responsible. In fact, they can levy your bank accounts and seize your personal assets to cover a payroll tax debt.
Without question, the Tax Resolution Institute is the preeminent tax resolution firm when it comes to addressing both back income tax problems and payroll tax debts in Newport Beach. With our excellent record of zero complaints and the offer of a free consultation, the best action you can take is to take the first step. What remains so frustrating is nothing seems to be more paralyzing than a tax debt. From experience, we know it is not going to just go away. If you want to restore your financial independence and get back on the right track, please take that necessary step now and contact us today.