San Diego Tax Resolution Services

If you live in San Diego and you have a serious tax problem either with the Internal Revenue Service or the state of California, the Tax Resolution Institute offers San Diego tax resolution services. Whether you have a personal income tax debt or a 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.

As a major financial hub of Southern California, San Diego is an essential engine of the overall California economy and the economic center of the San Diego–Carlsbad–San Marcos Metropolitan Area considered congruent with the county. The county seat of San Diego County, the city is the eighth largest in the United States and second-largest city in California, after Los Angeles, with a 2010 population of 1,376,173. The urban area of San Diego extends beyond the administrative city limits with a population of 2,880,000. The city was rated the fifth-best place to live in the United States in 2006 by Money magazine. In addition, according to Forbes magazine, San Diego is the fifth-wealthiest city in the United States. As a result, San Diego tax resolution services are needed.

The San Diego skyline at night. Truly one of America's beautiful cities

The San Diego skyline at night. Truly one of America’s beautiful cities

According to the San Diego Association of Governments (SANDAG) estimates in 2008, the median income for a household in the city was $66,715, and the median income for a family was $72,345. The per capita income for the city was $32, 346. Despite the decent incomes, the skyrocketing high cost of housing is a major issue in San Diego and has led to numerous income tax problems. The “housing affordability crisis” plateaued when median house prices more than tripled between 1998 and 2007. According to the California Association of Realtors, in May 2007, a median house in San Diego cost $612,370. Growth of real estate prices naturally were not accompanied by comparable growth of household incomes and families struggled; often buying homes that exceeded their actual financial means. If this happened to you and led to an income tax crisis, call the Tax Resolution Institute for help.

From 2005 to 2007, San Diego experienced more than a 15% decline in real estate prices, which continued to accelerate thereafter. Much of the decrease is blamed on the speculative attitude of investors, the availability of “stated income” and “exotic” loans made available by questionable lenders. When the decline hit, and adjustable-rate mortgages adjusted, both investors and families were hit hard. In the first quarter of 2008, the number of foreclosures repossessed by banks exceeded the number of home sales. If you live in San Diego and you have serious income tax problems brought on by a real estate crisis with either the IRS or the California Franchise Tax Board, contact us today for help.

San Diego Harbor: a nautical center for both military and commercial uses

San Diego Harbor: a nautical center for both military and commercial uses

San Diego’s top four industries are manufacturing, defense, tourism, and agriculture. If you needed to create a quilt of the financial landscape, San Diego’s economy is largely composed of agriculture, biotechnology/biosciences, computer sciences, electronics manufacturing, defense-related manufacturing, financial and business services, ship repair and construction, software development, telecommunications, wireless research, and tourism. Reflecting the diversity, San Diego was designated as an iHub Innovation Center by Gov. Arnold Schwarzenegger’s Office of Economic Development.

However, business ventures in California across the board have been affected by the recent downturn. From such difficult conditions, it is not surprising that delinquent payroll tax problems arise.

When your company experienced such a crisis, you may have made the mistake of a temporary loan from the payroll tax withholdings in order to cover unexpected expenses. Such a choice can be the beginning of the end for a young 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 both your business and personal assets to cover a payroll tax debt. The Tax Resolution Institute has extensive experience helping business owners keep their doors open and resolve a serious delinquent payroll tax debt crisis. Contact us before it is too late.

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 San Diego. With our excellent record of zero complaints by our clients and the offer of a free consultation, the best action you can decide upon 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.