Best Tax Attorneys in Antioch

FAQs

• Where does the Tax Court hold trial sessions closest to Antioch, California?

  The Rooms 2-1408 of the Federal Building & U.S. Courthouse at 450 Golden Gate Avenue, San Francisco, CA 94102 is the most nearby tax court to Antioch.

• Where is the low-income taxpayer clinic that is closest to Antioch, California?

  200 McAllister Street, San Francisco, CA 94102 is the address of the low-income taxpayer clinic that is the nearest for Antioch.

• Will your Antioch offer in compromise appear on your credit report?

  No. Your Antioch offer in compromise will neither show up on your credit report nor be disclosed to the credit reporting companies. Furthermore, an offer in compromise won't harm your credit rating. Therefore, it is essential to avoid ignoring the IRS issue because, if they issue a notice of Federal Tax Lien against you, the notice can appear on your credit record.

• When is the bank required to hand over funds to the IRS if the IRS levies a bank account in Antioch?

  Antioch banks must provide the IRS their money within 21 days of the date of the levy. This provides the taxpayer some time to sort out any tax issues or disagreements about who actually owns the money in these accounts. Only banks are subject to the 21-day rule. Other parties with access to your money must release it within the levy's specified time frame.

• Are your gambling losses in Antioch deductible on your tax return?

  Yes. Your gambling losses are deductible on Schedule A of your tax return. The amount of your loss, however, is limited to what you claim as gambling winnings. As a result, you should keep an accurate record of your gambling earnings and losses as well as proof of your gambling behavior in order to support the amount you are claiming in your losses.

• If you are unable to pay your taxes in Antioch before the due date, what should you do?

  If you can't pay your tax bill in Antioch by the deadline, you can ask for an IRS payment plan to let you pay them over time. While paying taxes on time is ideal, putting up an installment arrangement can assist in avoiding further fines. Contrarily, if you managed to get a tax extension by the initial filing date, you'll only need to be concerned about the failure to pay penalty.

• How long do you have in Antioch to contest a CP508C notice?

  A notice known as CP508C informs you that the IRS has informed the U.S. Department of State that your tax bill satisfies the criteria for being "seriously delinquent" under Internal Revenue Code Section 7345. You have 30 days from the date of receipt of this notification to contest it. You are advised to keep the notice around until the problem is fixed. You must have proof of payment on hand if the debt has previously been settled.