Best Tax Attorneys in Oceanside

FAQs

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

  The closest Tax Court to Oceanside that holds trial sessions is located in the Federal Building, Room 4228, 880 Front St., San Diego, CA 92101-8828.

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

  The nearest low-income taxpayer clinics to Oceanside are the Legal Aid Society of San Diego LITC and the University of San Diego LITC: Legal Aid Society of San Diego LITC Phone: 1-877-534-2524 or 1-800-735-2929 (TTY) Clinics: 1. 1764 San Diego Ave., Suite 100, San Diego, CA 92110 2. 110 S. Euclid Ave. San Diego, CA 92114 3. San Diego County Law Library 1105 Front St. San Diego, CA 92101

  University of San Diego LITC 5998 Alcalá Park Barcelona Hall, Suite 303, San Diego, CA 92110 Phone: (619) 260-7470

• Will you go to jail if convicted of tax evasion in Oceanside?

  Yes, you can be put in jail for three to five years according to the U.S. Internal Revenue Code Section 7201. You may also be charged substantial fines. The length of your prison sentence will depend on several factors, including the tax loss amount, your criminal history, and the seriousness of your evasion/fraud. It is important to get representation from an experienced Oceanside tax attorney if you have been accused of a tax crime to mitigate the repercussions.

• How long does the IRS have to pursue collection of your unpaid taxes in Oceanside?

  There is a 10-year statute of limitations for the IRS in Oceanside to collect back taxes. The deadline starts counting from the date you filed the tax return. This is why it’s important to file on time even if you are unable to pay the tax. The statute of limitations may be paused/extended if you are requesting an Offer in Compromise, undergoing bankruptcy, or is currently not in the country.

• Can the IRS seize your retirement benefits to pay for your back taxes in Oceanside?

  Yes, the IRS has the authority to levy both pension and Social Security incomes. The IRS can also garnish your wages and levy your assets, including money in your bank accounts. A local tax attorney in Oceanside can help you find a way to manage your unpaid taxes and minimize penalties, such as negotiating an installment arrangement with the IRS or requesting an Offer in Compromise.

• Do you have to disclose your cryptocurrency assets to the IRS in Oceanside?

  Yes. Your Form 1040 (annual income tax return) includes a portion asking for your declaration of exchanging, selling, or receiving virtual currency during the tax year. You can be penalized for perjury if you don’t answer this correctly. Through the Foreign Account Tax Compliance Act, the IRS is notified of all virtual currency transactions in banks, cryptocurrency exchanges, and investment firms related to a U.S. taxpayer. So, the IRS in Oceanside will find out if you are hiding cryptocurrency.

• How much of your wages will the IRS garnish for unpaid taxes in Oceanside?

  You will not be left penniless during wage garnishment as a certain amount of your wage will be exempted from seizure. If you are an individual/single-status taxpayer receiving a daily wage, you have a $53.27 daily exemption plus $18.08 for each dependent. If you are the “Head of Household” your daily exemption is raised to $80. Note that these exemptions are updated yearly. You should consult a tax attorney in Oceanside to ensure your wage garnishment is conducted correctly.