If you owe and can’t pay, the IRS and California’s FTB, EDD,
and BOE all take the same approach. They evaluate your financial condition.
Basically, it’s just like evaluating a business’s financial
health. This involves looking at your income statement and the balance
sheet. There are forms used to collect this information.
When clients first come to me, I will generally have them fill out the
forms for my evaluation only. I will then discuss my client’s finances
with them and discuss how we can use their financial information to try
to negotiate the best payment arrangement possible with the IRS or state agency
This is just like any other negotiation. You decide on a good starting
point to negotiate, and you do it. You make an offer. Sometimes, they
surprise you and take your first offer. Other times, it’s give and take.
Part of my job is to try to convince the tax person I am dealing with to
cut my client some slack. Many years’ experience doing helps me
to try to advocate for my clients as aggressively as possible.
For more information on
How Much You will Have to Pay, a free initial consultation is your next best step. Get the information
and legal answers you need by calling
(510) 444-4430 today.