In their collections divisions, the ultimate goal of the state of California and the IRS is to collect revenue. It should therefore be intuitive that they focus most of their efforts and take the strongest action against those with high balances. High balance does not always mean high net worth. Often times, individuals can be assessed high liabilities for a variety of reasons. Shockingly, the taxing authorities’ definition of high income earning (approximately $75,000) is not all that high. However, the higher above this income number you earn and the higher your liability, the bigger a target you are perceived to be.
Some of our firm’s biggest success stories and many of our most challenging cases fall into this category. We are seasoned in high dollar/high stakes collections issues and use our wealth of experience to the benefit of our clients. We have a long history of representing those with multi-million dollar liabilities and those in danger of being placed on the state’s 500 most wanted lists (https://www.ftb.ca.gov/aboutftb/delinquent_taxpayers.shtml, http://www.boe.ca.gov/sutax/top500.htm) .
Understanding that the state and the IRS have little sympathy toward perceived high income earning taxpayers, we place the utmost importance into devising a game plan and protecting our client’s prosperity. We work to shield assets and the ability to earn income from the tax agencies and come up with the plan that is going to best meet our client’s goals. Whether we reinitiate the fight with the examination division (through a reaudit) or engage directly with large dollar collections and/or Complex Account Recovery (CART), you can be rest assured that we will provide you with the strongest possible defense.