California Franchise Tax Board (FTB) Collections & Tax Relief Services
If you live or work in California, you may be taxed by two separate taxing entities: the IRS and California’s Franchise Tax Board (FTB). Because they are separate, they each enforce different tax laws. Tax problems normally begin during an assessment of a California state tax by the FTB, also known as the California Board of Equalization. During the California Franchise Tax Board (FTB) collections process, possible actions that can be taken include asset seizure to satisfy the debt by the State of California, garnishment placement on wages to ensure payments, loss of state-issued license (contractor’s license, driver’s license, license to practice law & medical license), and frozen bank account. Clearly, the FTB means business and will go to extremes if you don’t pay your tax bill. While these collection agencies are very powerful, there are many California Franchise Tax Board (FTB) relief services that may be available to you to resolve your debt. It’s important to talk about your options with one of our attorneys so we can resolve your tax debt together. Don’t dispute your case alone–we will make sure you get the best possible outcome. Stop procrastinating and get California tax relief from an experienced Tax Relief Attorney at Montgomery & Wetenkamp Attorneys today!
If you’re facing an overwhelming financial situation, the California Franchise Tax Board (FTB) offers a temporary tax relief service in the form of a deferral program for taxpayers unable to pay their full tax debt. This deferral allows you to delay payments without facing severe collection actions, such as wage garnishments or asset seizures. The FTB recognizes that financial hardship can impact your ability to make timely payments, and you may qualify for this relief. Our attorneys at Montgomery & Wetenkamp will work with you to determine if you’re eligible for a temporary deferral and help you submit a compelling hardship petition. Let us guide you through the process to secure this vital relief and put a hold on aggressive FTB collection efforts.
The FTB’s Offer in Compromise (OIC) program is an opportunity to settle your California tax debt for less than the full amount you owe. This FTB relief service is ideal for taxpayers who are unable to pay their full liability and can demonstrate that paying the full amount would cause significant financial hardship. The FTB will assess your ability to pay, income, expenses, and asset equity before considering an offer. However, the settlement process can be highly complex and requires careful negotiation to ensure the best possible outcome. With our expertise, we can help you navigate this intricate process and work toward securing a favorable settlement, reducing your total debt, and lifting the burden of overwhelming tax liability.
The Franchise Tax Board (FTB) offers structured payment plans if you find yourself unable to pay your tax bill in full. This allows you to pay off your debt in manageable monthly installments, based on your financial situation. By qualifying for a payment plan, you can avoid severe consequences like garnishments and asset seizures while ensuring that your debt is resolved over time. The process of negotiating a payment plan with the FTB can be daunting, but Montgomery & Wetenkamp Attorneys are here to help. We will review your financial standing, negotiate on your behalf, and establish a plan that works for your budget. Trust our team of Franchise Tax Board (FTB) tax relief experts to help you navigate the system and regain control of your financial future.