San Diego, CA Office
Internal Revenue Service Audits
If you are concerned about employment tax audits or internal revenue service audits, Pietro Canestrelli’s Law Office is for you. Our years of experience in handling sales and income tax, as well as other types of audits for individuals and businesses, allow us to provide exceptional services to the residents of San Diego. Furthermore, we can offer customized representation and advice to protect the rights of our clients. Our attorneys have what it takes to help resolve your levy controversies at audit before litigation.
IRS Notice of Taxes Due
An IRS notice can leave you scared, stressed, and frustrated to the extent that you feel like ignoring it altogether. However, this should not be the case since the notice normally has some important information and dates that can only worsen the situation when ignored. If you do not handle your IRS notice on time, you are likely to find yourself dealing with accrued interests and penalties. For this reason, it is advisable that you act quickly and have a legal team of experts advise you on what to do.
Tax Education
If you want to safely run a business in San Diego, CA, it is imperative that you have some knowledge about this type of education. With it, you will know the rules, which, in turn, will offer you much-needed financial security. The law can be complex, which can leave you overwhelmed as a business owner. At The Law Office of Pietro Canestrelli, we provide tax education to the residents of California to help them make wise choices. We know that this type of education comes with plenty of benefits that include:
- Minimizing liabilities
- Maximizing deductions
- Helping business owners avoid costly mistakes
- Making it easy to handle controversies
Innocent Spouse Relief
The innocent spouse rule allows you to claim not to be jointly liable if you did not know about erroneous items or errors on a joint return. At The Law Office of Pietro Canestrelli, we have resolved over 95% of the innocent spouse matters that have been brought to us. We understand the benefits that come with this type of tax relief. We also know that the innocent spouse relief can help you avoid paying interest, additional taxes, and penalties. You should, however, note that it is impossible to claim spouse relief for fees owing on your business taxes, house employment taxes, or income.
Lien, Garnishment, or Levy Notices
The IRS uses garnishments, levies, and liens to collect debt from business owners who owe the government funds. These three tools are, however, different, and it is important to understand each of them. Lien, for instance, is a claim the government makes on the property of taxpayers to secure payment of the debt of the taxpayer. On the other hand, levies are actual seizures of the property of a taxpayer to satisfy a debt. The taxpayer’s property includes wages, bank accounts, or even personal possession.
Garnishments are like levies in that they also involve seizures of the property of a taxpayer, only that the government relies on them to collect the wages of taxpayers. Recent statistics show that in 2018, IRS filed more than 4 million tax liens and issued more than 3.5 million garnishments and levies. In other words, IRS has been very aggressive in collecting debts; hence, that is why you need to contact Pietro Canestrelli to help you understand the consequences of IRS garnishments, levies, and liens.
Back Taxes
According to statistics released recently, more than 10 million Americans owe back taxes, and this is approximately 5% of the adult population in the U.S. Nevertheless, back taxes should not make you live in fear and stress, especially if you are a resident of San Diego, California. We specialize exclusively in levy controversy issues, and this has given us solid experience with multi-jurisdictional negotiation and litigation. Furthermore, at The Law Office Of Pietro Canestrelli, we have resolved more than $50 million in levy controversies and have a dedicated law team to help you sort out any duty problem your business might be facing.
Business Formation
When it comes to starting a business, choosing the right structure is crucial. Our business attorneys review your startup ideas and provide guidance on the best business structure for your needs and current company conditions. Whether you’re considering a C Corporation, S Corporation, or Limited Liability Company (LLC), we ensure that you have all the documentation, strategies, and information required for a successful incorporation.
C Corporations
C Corporations offer numerous advantages, including limited liability, substantial fundraising potential, flexible management and ownership, and zero shareholder restrictions. However, incorporating a business into a C Corporation involves a complex process. Our experienced attorneys help you determine if a C Corporation is the right choice for your business and guide you through the incorporation process, assisting with all necessary documentation and requirements.
S Corporations
S Corporations provide benefits such as double taxation avoidance, limited liability, and tax advantages. Our attorneys ensure that you meet the qualifications to become an S Corporation, simplifying the incorporation process. With our expertise, you’ll have everything it takes to establish your business as an S Corp and take advantage of its benefits.
Limited Liability Companies (LLCs)
While it is not mandatory to have an attorney when forming an LLC, working with our team can provide valuable insights. We help you determine whether an LLC is the proper structure for your venture and guide you through the process. From drafting essential documents to registering your enterprise, we ensure that you navigate the formation of your LLC smoothly and effectively.
Buying or Selling Small Businesses:
If you’re planning to buy a fully operational business, transfer business ownership, or merge with another business, our team is here to assist you. We work with startups, shareholders, partners, and business owners to facilitate these transactions. Our experienced attorneys are well-versed in the specific legal requirements and deadlines associated with buying or selling small businesses. By working with us, you’ll benefit from our higher negotiation power and expert advice to ensure a successful and fair transaction.
Why Choose The Law Office of Pietro Canestrelli?
When it comes to business formation and tax services, choosing the right law firm is crucial. Here’s why you should work with us:
- Over two decades of experience in business law.
- Fairness and personalized solutions for all our clients.
- Effective legal advice tailored to your unique needs.
- Strong negotiation power to protect your interests.
- Expert guidance throughout the entire process.
Contact the Law Office of Pietro Canestrelli in San Diego, CA, today to benefit from our comprehensive legal services for tax controversy/ resolution, business formation, incorporation, and transactions. Our experienced attorneys are here to assist you in starting and growing your successful business.