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.
800-900-4250The CDTFA implements a bank levy to collect taxes when taxpayers do not satisfy their outstanding debts through previous collection attempts. The CDTFA will move through aggressive collection methods, reaching a levy after unsuccessful attempts to collect payment and resolve tax liabilities.
The legal process enables CDTFA agents to take your bank funds directly from your account until you settle the debt in full and this results in serious financial harm. Unresolved sales taxes, excise taxes, and other fees owed to the state generally lead to the implementation of a bank levy. You should speedily take action when the CDTFA initiates a levy due to its nontrivial nature; however, the vital step of taking action ensures you protect your finances from additional damage.
Contact UsThe process of facing a CDTFA bank levy can create overwhelming stress; however, Leading Tax Group stands ready to help with the situation. The expert tax attorneys in our team possess in-depth knowledge about the CDTFA functions and understand all details related to levies. Our team collaborates with clients to analyze case details plus financial standing, followed by creating negotiation strategies for dealing with the CDTFA.
We aim to obtain prompt levy release by addressing tax problems by working with the CDTFA for payment plan arrangements and penalty reductions and submitting proof to validate your position. The team at Leading Tax Group takes on a mission to safeguard your resources while working swiftly to restore your financial access to your funds.
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.
A bank levy from CDTFA can freeze the business account and that will halt all your payments and will stay in a temporarily inactive state that might affect the operations of the business.
If a bank levy stays unaddressed, then the money will start getting deducted within an occasional time, and that will drain the entire account. If the tax debt is not resolved, then other accounts can also get frozen.
Yes, in some serious cases, the CDTFA is willing to negotiate with the taxpayer, and depending on your previous track record and current financial hardship, the tax bill can be reduced.
Keep your tax files in check and communicate with legal help if you get a future levy notice from the CDTFA.