If you are interested in a tax settlement or if you have received a settlement offer from the IRS, now is the time to call Leading Tax Group. Our tax settlement professionals (whom include former IRS tax attorneys) are always ready to work with you and provide you with the information and representation you need.
800-900-4250A bank levy from the CDTFA emerges when tax collection attempts prove unsuccessful several times. The CDTFA initiates this process by delivering notifications regarding the taxes that remain unpaid to affected taxpayers. The CDTFA proceeds with issuing a final notice of intent to levy after a taxpayer ignores tax debt collection attempts or fails to reach a payment agreement. At the present moment, CDTFA can reach out to the taxpayer’s bank and initiate the freeze and transfer of their funds to state control.
A levy suspension will continue indefinitely unless taxpayers complete tax debt payment, establish a payment strategy, or request legal tax debt liberation. CDTFA applies this method as their final option to retrieve unpaid sales taxes as well as use taxes and other tax-linked financial obligations. A levy requires professional help because recovering funds becomes difficult after its establishment.
Contact UsWe specialize at Leading Tax Group to resolve CDTFA tax disputes through the management of bank levies. Your Tax Attorneys from our group will dedicate energetic efforts toward negotiations with the CDTFA to secure optimal results for your case. Your case gets started through a thorough investigation of your particular situation, followed by an assessment of tax notices to determine the overall debt amount.
After our team forms a detailed understanding, we instantly move forward to stop or end the tax levy procedure. Our Lawyers will create solutions, including scheduled payments and levy release applications, along with other legal means to make the CDTFA cease collection operations. The firm will help you resolve tax issues while simultaneously handling the active levy to eliminate future tax collection actions.
Headquartered in Encino, California with multiple local branch offices in your backyard to serve you at your convenience. Leading Tax Group can schedule a face to face consultation to represent your case with the IRS, FTB, EDD, as well as CDTFA Audits.
One can receive a CDTFA bank levy only when they have a lot of outstanding debt, and to satisfy the payment criteria, the tax authority of California gets aggressive to put a bank levy.
No, CDTFA doesn’t take all the money, but it freezes the bank account, preventing any transaction from happening through that particular account unless all the dues are settled.
Yes, CDTFA always sends prior notices about unpaid dues; if it remains unaddressed, then it’s possible that one can get a bank levy.
The bank levy process can last for years if the amount is not fully paid. A tax attorney can help in such situations by negotiating with the authority.
Once the tax dues are settled, tax attorneys who can negotiate and prevent bank levies are the ways through which one can gain control of the bank account.