Additional Tax Law Resources
The Law Office Of Pietro Canestrelli Tax Resolution Specialists
The Law Office of Pietro Canestrelli can help if you owe back taxes. Our offices are located in both San Diego and Temecula, CA. As a law firm specializing exclusively in tax controversy problems such as national and international tax controversy, we have extensive experience with multi-jurisdictional litigation and negotiation. We have successfully resolved over $50 million in tax controversies and are equipped to help with any tax problems you may have.
ENSURING COMPLIANCE WITH FBAR AND FATCA
Financial activities are increasingly cross international borders. This global financial integration, while beneficial, requires adherence to specific regulatory frameworks to ensure compliance with U.S. laws. Two key components of this regulatory landscape are the Foreign Bank Account Report (FBAR) and the Foreign Account Tax Compliance Act (FATCA) is at the forefront of providing specialized legal advice and services to assist clients in meeting their FBAR and FATCA reporting requirements.
THE TAX RELIEF FOR AMERICAN FAMILIES AND WORKERS ACT OF 2024
the Tax Relief for American Families and Workers Act of 2024 emerges as a beacon of hope and support for millions across the United States. The Law Office of Pietro Canestrelli, a leader in tax law with esteemed offices located in Temecula and San Diego, CA, delves deep into this groundbreaking legislation, offering unparalleled insights and guidance.
Managing Tax Debt And Securing relief
Tax laws and regulations can be a daunting task for individuals and businesses alike. The consequences of mismanaging tax obligations extend beyond mere financial loss; they can lead to severe legal repercussions. The Law Office of Pietro Canestrelli is dedicated to providing specialized legal counsel necessary to effectively manage tax debt and secure tax relief. Through this article, we aim to elucidate the manifold benefits of engaging a tax attorney in these critical matters, highlighting our unique blend of local insight and extensive expertise.
The Role of a Tax Attorney in IRS Audits
Facing an IRS audit can be an intimidating ordeal for individuals and businesses alike. The Internal Revenue Service (IRS) has the mandate to scrutinize your financial dealings and tax submissions to ensure adherence to tax laws. Such audits can stem from simple errors, discrepancies in your returns, or be entirely random.
IRS LT38 NOTICE
The LT38 collection notice serves as a wake-up call from the IRS to taxpayers with pending tax liabilities for the years 2020 and 2021. It’s a reminder, not of an audit, but that the time to address these liabilities has come, as the IRS moves forward with its collection endeavors.
Tax Changes in 2024
As taxpayers gear up for the upcoming tax year, it’s crucial to stay informed about the latest changes in tax laws that could impact your financial bottom line. Understanding these changes and making proactive adjustments can help you optimize your tax strategy and potentially save money.
Offer in Compromise
An Offer in Compromise (OIC) presents a potential avenue to settle tax liabilities for less than the total amount owed to the IRS. However, eligibility hinges on a thorough evaluation of your financial circumstances. The IRS scrutinizes factors such as income, assets, expenses, and future earning potential to determine your ability to pay.
Maximizing Tax Benefits
As tax season approaches, individuals are eager to explore opportunities to maximize their tax benefits and minimize tax liabilities. Understanding recent updates to deductions and credits is essential for effective tax planning. In this guide from the Law Office of Pietro Canestrelli.
Corporate Transparency Act
Enacted to combat money laundering, tax evasion, and other illicit activities, the CTA mandates enhanced transparency of corporate structures. The primary objective is to curb the misuse of anonymous shell companies that can be exploited for nefarious purposes.
Business Research & Development Credit
For businesses engaged in research and development (R&D) activities, there exists a valuable incentive that often goes overlooked—the Research and Development Tax Credit. Understanding and utilizing this credit can not only fuel your innovative endeavors but also provide substantial financial benefits.
Back Tax Representation
Encountering tax issues, especially owed taxes, can be a stressful and daunting situation for individuals and businesses alike. Unpaid taxes can lead to various repercussions, ranging from financial penalties to legal actions by the Internal Revenue Service (IRS).
CONTACT US
As an renowned Tax Attorney, we can help you with your questions. We can provide you with any information you need to understand US Tax Law. Our results have proved our expertise. When we represent clients, they receive more than their fair share of money from the IRS.
This is accomplished through the use of various legal strategies. We represent taxpayers before the Internal Revenue Service and California State Board of Equalization as well as in all 50 states. Contact us today!