Business owners, in and around Downey, California, know there are agencies outside of the IRS looking for their portion of their company’s revenue. State taxes imposed on businesses that are deemed owed to state agencies such as the Board of Equalization and the Franchise Tax Board. Have you or your company been contacted or notified by either The Board of Equalization or Franchise Tax Board? These agencies were designed to collect tax revenue as instructed by the laws and code enacted by the State of California. To fully understand your obligation and directives as required by each and the amount they deem owed, business owners must examine who they are and their direct purpose.

Board of Equalization Downey

The Board of Equalization has been given the unfortunate assignment of collecting taxes and fees for the State of California and local governments. Their efforts have been very effective, thus far, and they collect nearly $53 billion annually. Specifically, the California State Board of Equalization is administers and collects sales tax, use tax, and property tax. Most of the interactions with the Board of Equalization are in the form of the collection of sales taxes. Sales tax is a necessary part of business and involves every business transaction in California and Downey. Sales taxes are imposed on businesses and individuals for the privilege of selling goods. The amount of sales tax a business owes is calculated by determining a business’s gross receipts minus any non-taxable sales. The Board of Equalization in California has several thousand employees to collect unpaid sales and use taxes as well as perform and administer sales/use tax audits.

Is your Downey business being audited for California sales or have you received notification as such?

California sales tax problems, for your Downey business when it involves the Board of Equalization, can be extraordinarily difficult for taxpayers and business owners to handle without the involvement of a highly-skilled sales tax attorney. The Board of Equalization often takes an aggressive approach when collecting revenue. Our Tax Relief Systems Downey team of attorneys can represent you providing protection and realistic expectations. We provide a comprehensive guide, in advance of any audit, that will explain what to expect and how to protect your business.

How Can Tax Relief Systems Help my Downey Business?

Most importantly, Tax Relief Systems is focused on becoming your trusted partner and begin taking protective steps. Tax Relief Systems is familiar in dealing with the Board of Equalization. Our approach is friendly, yet no-nonsense with the Board of Equalization. We will strategically design a clearly focused vision coupling resolution with the outcome needs of your business. The necessity of an highly-skilled sales tax attorney, in cases dealing with the Board of Equalization, is a necessity not a luxury.

Franchise Tax Board Downey

On the flip side of sales tax, there is the state income tax imposed on every taxpayer, both individually and commercially. If you are a taxpayer or a business in Downey, California, you must pay state income tax. Regrettably, issues paying it are common. The collection of state income tax is the responsibility of the State of California Franchise Tax Board. The California Franchise Tax Board is responsible for administering the state’s personal income tax program, as well as the corporate tax program. Typically, individual taxpayers and businesses file their income tax returns, make payment of individual state taxes due, and settle any individual state tax-related disputes with the Franchise Tax Board. As with the IRS, state tax issues have a way of becoming overwhelming and the need for a trusted expert is quickly apparent. There are solutions if you have problems paying California State taxes. Your solutions range from filing an extension to an installment agreement. However, if you cannot pay your taxes in full, we can work to find a solution that is in your best interest. In rare cases, the Franchise Tax Board will consider an Offer in Compromise.

Some Downey business owners and taxpayers are dealing with the California Franchise Tax Board for back taxes, by either a levy, wage garnishment, seizure, or suffering from the filing of a state tax lien. When you neglect to file, the California Franchise Tax Board will file a substitute return for you and then submit tax liens as necessary. The assessments may be incorrectly calculated, which is extremely common. A Tax Relief Systems tax attorney remedy the problem. We will not whitewash it; the Franchise Tax Board can be very difficult to deal with. Do not go it alone. Our Downey experienced tax attorneys will work diligently on your behalf in direct negotiation with the California Franchise Tax Board, to arrive at a resolution that results in you getting your life back.

Call our Downey team today to discuss your Board of Equalization or Franchise Tax problem today! You and your Downey business are not alone and there is no reason to interact with either agency without exceptional representation. You need help NOW, you need someone experienced in the strategies of California tax trench warfare. Call our Downey team today and get the help you need (424)264-5854!

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