Best Tax Lawyers Hollywood, CA

Hollywood, CA Tax FAQs

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

  The tax court that holds trial sessions closest to Hollywood is located in Los Angeles, at Rooms 1167 and 1174 of the Edward R. Roybal Center & Federal Building along 255 E. Temple Street (90012).

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

  The low-income taxpayer clinic closest to Hollywood is the Bet Tzedek Legal Services Tax Clinic located at 3250 Wilshire Blvd. 13th floor, Los Angeles, CA 90010.

• What are the effects of a tax lien on your record in Hollywood?

  Tax liens can affect you financially in many ways in Hollywood. Once a tax lien has been put on record, it will have an impact on your credit score and you will have a harder time securing a loan. Tax liens are public record and can thus also impact your ability to transfer properties and acquire and sell real estate.

• If you want to apply for an offer in compromise program in Hollywood, what are the requirements?

  Offer in compromise is a program from the IRS available to eligible individuals who are not able to pay back taxes in full. If you have exhausted all possible financial means to settle your tax debt and still come up short, you may apply for an offer in compromise. You must be able to show your ability to pay and indicate all available assets and your future and current source of income. These will be put into consideration by the IRS in determining whether you are eligible for the program.

• How long do you have to make an appeal for your tax case in Hollywood?

  You have 90 days to file an appeal for your tax case in Hollywood. According to the Internal Revenue Code Section 7483, the time starts from the date the court handed down its ruling. It is important to note that the opinion is different from the ruling and are actually two separate documents.

• What are the usual ways the IRS can mess up your finances in Hollywood?

  The IRS is authorized by federal laws to collect, at will, all eligible taxes from businesses and individuals in Hollywood. It has a lot of ways at its disposal to efficiently collect your tax debts. It can file tax liens, serve a levy on your bank accounts and salary, and seize assets such as your home or car. The IRS can also work with a collections agency to contact you.

• Will you be charged a tax evasion if you overstated tax deductions on your tax filing in Hollywood?

  Yes, overstatement of your tax deductions in Hollywood is considered a tax evasion case by the IRS and the State Department of Revenue. Tax evasion cases are a very serious offense and can land you in jail. The IRS can also penalize you with stiff fines of as much as $500,000.