Individuals and businesses active in California must face severe financial difficulties when the Franchise Tax Board imposes a lien on their assets. The Franchise Tax Board (FTB) gains authority to place property and asset liens when you accumulate unpaid taxes because this action prevents you from selling or transferring them until you settle the debt. The state uses this procedure to ensure receipt of all taxes, associated charges, and interest.
Taxpayers engaging in FTB lien settlement negotiations can work with the FTB to modify the lien through liability resolution. Understanding California’s tax laws and lien procedures is essential when settling an FTB lien. Our tax experts at Leading Tax Group specialize in dealing with FTB liens to help clients take control of their finances as they reduce the effect of the lien on property value and credit ratings.
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.
800-900-4250
Tax compliance regulations are essential to stop FTB from imposing a lien. Taxpayers who neglect their tax payments after consistent notices from FTB receive liens on their assets. Taxpayers who maintain their tax obligations by submitting accurate returns on time and handling any FTB disputes promptly will prevent the need for an FTB lien.
Taxpayers who need assistance to pay an outstanding amount should consult tax attorneys to establish FTB payment plans that stop lien issuance. It remains essential for taxpayers to handle all unsettled tax issues to maintain compliance and prevent tax liens from the FTB.
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Our approach at Leading Tax Group provides complete FTB lien settlement services which use personalized legal strategies for protecting your financial state. The Leading Tax Group’s tax attorneys know about the FTB settlement process, and they can maintain through the settlement process and help the client to settle the FTB lien.
The severe consequences that FTB liens cause to your asset management, creditworthiness, and property transaction abilities drive us to solve your issue efficiently. Our knowledge of California tax law combined with our expertise in lien settlements gives Leading Tax Group the capability to deliver exact and compassionate case management. Leading Tax Group aims to tackle the problem with the right solution to the client and helps them to get a fair settlement that will not affect the financial stability.
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.
Once the tax debt is fully paid, the lien will likely be released within 30 days with a formal document of lien release.
Yes, you can sell your house under FTB lein, but the amount received by selling must go towards debt settlement.
Yes, an FTB lien can affect a credit score as it becomes a public record for the agencies to act on.
If the lien is not settled, FTB can take any other assets that can be used to clear the overall debt.
Yes, after partial payment in Offer in Compromise, one can negotiate with the FTB to release their lien.
info@LeadingTaxGroup.com
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800-900-4250