While the California Franchise Tax Board (FTB) encourages taxpayers to pay their tax liability in full — even if that means having to borrow money — it does allows taxpayers to set up an installment agreement to pay off their tax debt over time in certain circumstances.
Here are the basics of what you need to know about California FTB installment agreements.
In general, taxpayers are eligible for an FTB payment plan if they meet the following requirements:
The length of an FTB installment agreement is generally 60 months for those who owe $10,000 or less or 36 months for those who owe more than $10,000.
If you are approved for an FTB installment agreement, the FTB will add a $34 fee to your balance.
As part of the installment agreement, the taxpayer must agree to:
Tip: The California FTB gives taxpayers a one-time 30-day bill payment delay that can be set up here. If you are granted this one-time delay, you can skip a month’s payment on your installment agreement and not be considered in default on your agreement.
Here are the downsides of a California FTB installment agreement:
You have three options when it comes to getting a California FTB payment plan:
You can enter into a California installment agreement online at ftb.ca.gov/pay/payment-plans/apply-online.asp.
Note that only installment agreements for newly assessed liabilities may be set up online.
To request a California installment agreement by mail, complete FTM Form 3567 Installment Agreement Request and mail it to:
State of California
Franchise Tax Board
PO Box 2952
Sacramento, CA 95812-2952
Note that if you currently being levied by the FTB, you cannot request an installment agreement by mail. It is recommended that in this situation you make payment arrangements by phone (see below).
To set up a California installment agreement over the phone, call 1-800-689-4776 between the hours of 8:00 AM to 5:00 PM on weekdays (except California state holidays).
Logan Allec has been serving taxpayers as a CPA for over 14 years. After leaving his role at a "Big 4" firm, he started Choice Tax Relief to help everyday Americans who have found themselves behind on their taxes. He also educates thousands of people daily about tax relief on his YouTube channel. In addition to his CPA license, Logan also has a Master's Degree in Taxation from the University of Southern California (USC). He lives with his wife and children in the Los Angeles area. Learn more about Logan here.
The FTB Final Notice Before Levy and Lien is the final notice that the…
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If you need immediate relief from IRS collections, call us today. You’ll get affordable, transparent pricing and a clear plan for the best possible tax debt settlement. Let the most trusted tax relief team lift the weight off your shoulders.
Email [email protected] or call 866-8000-TAX today to schedule your FREE tax relief consultation!
Tax relief is a general term used to describe various programs that taxpayers and their representatives — such as enrolled agents, CPAs, and tax attorneys — utilize to minimize or even eliminate the taxes, penalties, and interest a taxpayer owes to the IRS and other tax agencies.
These tax relief programs range from a simple phone call to the government for first-time penalty abatement to a full-fledged offer in compromise.
In this video, Logan Allec CPA answers the question, "What Is Tax Relief?" and goes over the three major IRS tax relief programs we use everyday for our clients.
IRS Tax Relief:
➡️ Do you owe the IRS more than $10,000 in back taxes and want tax debt relief? Call 866-8000-TAX to schedule a FREE tax relief consultation! Or email us at [email protected] and let me know how much you owe by year
Videos Mentioned In This Video:
➡️ Offer In Compromise Basics: https://youtu.be/tR3uaqJE86o
➡️ Offer In Compromise Formula: https://youtu.be/1jDj6yHnjMI
➡️ Filing Back Taxes: https://youtu.be/l4nj4ceBz_o
Table of Contents:
0:00 What Is Tax Relief?
2:12 Tax Relief Program Commonalities
3:10 The Three Major Tax Relief Strategies
7:03 An Offer in Compromise May Not Be the Best Option
8:10 Shady Tax Relief Companies
9:00 Tax Relief Program #1: Offer in Compromise (OIC)
11:12 State Offer in Compromise Programs
14:05 Tax Relief Program #2: Currently Not Collectible (CNC) Status
20:36 Tax Relief Program #3: Partial-Pay Installment Agreement (PPIA)
Tax Relief Explained: What To Do If You Can't Pay Your Taxes
If you need help with your back tax returns, email [email protected] TODAY! Or book a FREE unfiled tax returns consultation at https://calendly.com/choice-tax-relief/unfiled-tax-returns/
Today I am talking about filing previous years' taxes, also known as back taxes. I tell you how to file your back taxes step-by-step, how many years back you can (and possibly should) file your back taxes, and more! ➡️ Email [email protected] to get help with filing your back tax returns!
There are many consequences to not filing your tax return, and it's generally in your best interest to file your back taxes as soon as possible. You should also be aware of the interest and penalties that accrue on back taxes because they can be significant, especially the penalties. Thankfully, in this video, I cover how the penalties are calculated and how you can possibly get rid of them. And even if you don't owe taxes, you still want to file to secure your previous year's tax refund. If you're wondering how many years back you can get a tax refund, I cover that too.
➡️ Email [email protected] to get help with filing your back tax returns!
⬇️ More Tax Relief Videos:
- My Offer in Compromise Basics Video: https://youtu.be/tR3uaqJE86o
- My Offer in Compromise Formula Video: https://youtu.be/1jDj6yHnjMI
⬇️ Other Resources:
- IRS Audit Technique Guides: https://www.irs.gov/businesses/small-businesses-self-employed/audit-techniques-guides-atgs
- IRS Failure-to-File Penalty: https://www.irs.gov/payments/failure-to-file-penalty
- IRS Policy Statement 5-133: https://www.irs.gov/irm/part1/irm_01-002-001#idm139624982687680
- IRS Transcripts: https://www.irs.gov/individuals/get-transcript
- Bauer v. Commissioner: https://www.leagle.com/decision/intco20120604b95
- Bizminer: https://www.bizminer.com/
- Bizstats: http://bizstats.com/
Table of Contents:
0:00 How to File Your Back Taxes
0:56 Why People Get Behind on Their Taxes
2:08 The Snowball Effect on Back Taxes
2:28 IRS Notices CP59, CP515, CP516, and CP518
3:08 You Need to Deal With This
4:10 Consequences of Not Filing Your Tax Returns
4:29 IRS Failure-to-File Penalty
5:13 IRS Failure-to-Pay Penalty
6:10 Interest Accrual on Back Taxes
6:49 Loss of Refund (How Many Years Back Can I Get a Tax Refund?)
8:20 Inability to Get a Loan
8:36 Inability to Get Student Aid
8:43 Loss or Delay of Stimulus and Other Forms of Government Aid
8:57 Loss of Immigration Status
9:10 Loss of Future Social Security Benefits
9:25 IRS Substitute for Return (BAD NEWS)
12:04 Reasons Why You Don't Want the IRS to Prepare Your Return For You
14:07 How Do You Actually File Back Taxes?
14:29 How Many Years of Back Taxes Do You Have to File?
15:13 Step 1: Figure Out What Returns You Need to File
15:26 Step 2: Determine the Order in Which You Should Prepare Your Returns
17:59 Step 3: Gather Tax Forms and IRS Transcripts
19:25 Step 4: Reconstruct Your Information
24:10 Step 5: Prepare and File Your Returns
26:45 Penalty Abatement
27:25 First-Time Penalty Relief
28:02 Penalty Relief for Reasonable Cause
#tax #taxes #backtaxes
YouTube Video UExIbXdEVTBxRDFmal9KUUFxTzdhY3p3c3J0TGZXT1NmUS41MjE1MkI0OTQ2QzJGNzNGHow to File BACK TAXES, Avoid PENALTIES, and Get Your Life Back!
yHpCiTLrlCs Table of Contents: 0:00 What Are IRS Installment Agreements? 2:39 Installment Agreements and Collection Activities 4:47 Installment Agreements and Notice of Federal Tax Lien 5:58 Installment Agreements and Tax Compliance 6:40 Installment Agreements and Current Tax Liabilities 7:06 Installment Agreements and Tax Refunds 7:26 Installment Agreements and Penalties and Interest 7:51 Installment Agreement Fees 8:35 Are Installment Agreements Guaranteed? 9:18 Installment Agreement Rejection Appeals 9:50 Installment Agreements and the Collection Statute of Limitations 11:08 Installment Agreement Payment Options 11:22 How to Request an IRS Installment Agreement 12:26 Requirements For a Legitimate IRS Installment Agreement Request 13:17 Standardized Ways to Request an Installment Agreement 13:54 How to Request an IRS Installment Agreement Online 16:19 Streamlined Installment Agreements 16:52 Guaranteed Installment Agreements 17:25 Using Form 9465 to Request an Installment Agreement 18:07 Form 433-F / Collection Information Statements 18:45 Partial-Payment Installment Agreements #taxrelief #taxhelp #irs" />
Email [email protected] or call 866-8000-TAX today to schedule your FREE tax relief consultation!
Today I am talking about IRS installment agreements, also known as IRS payment plans.
➡️ IRS Tax Relief: Do you owe the IRS more than $10,000 in back taxes? Call 866-8000-TAX (866-8000-829) or email me at [email protected] and let me know how much you owe to the IRS / state as well as your phone number.
➡️ My Tax Relief Video Playlist: https://youtube.com/playlist?list=PLHmwDU0qD1fj_JQAqO7aczwsrtLfWOSfQ
➡️ My Tax Relief Company: https://choicetaxrelief.com/
⬇️ Other Tax Relief Videos Mentioned in This Video:
- Tax Relief Basics: https://youtu.be/62TcXIEtKnQ
- Offer in Compromise Basics: https://youtu.be/tR3uaqJE86o
- Offer in Compromise Formula: https://youtu.be/1jDj6yHnjMI
- How to File Back Taxes: https://youtu.be/l4nj4ceBz_o
- CNC Status Basics: https://youtu.be/yHpCiTLrlCs
Table of Contents:
0:00 What Are IRS Installment Agreements?
2:39 Installment Agreements and Collection Activities
4:47 Installment Agreements and Notice of Federal Tax Lien
5:58 Installment Agreements and Tax Compliance
6:40 Installment Agreements and Current Tax Liabilities
7:06 Installment Agreements and Tax Refunds
7:26 Installment Agreements and Penalties and Interest
7:51 Installment Agreement Fees
8:35 Are Installment Agreements Guaranteed?
9:18 Installment Agreement Rejection Appeals
9:50 Installment Agreements and the Collection Statute of Limitations
11:08 Installment Agreement Payment Options
11:22 How to Request an IRS Installment Agreement
12:26 Requirements For a Legitimate IRS Installment Agreement Request
13:17 Standardized Ways to Request an Installment Agreement
13:54 How to Request an IRS Installment Agreement Online
16:19 Streamlined Installment Agreements
16:52 Guaranteed Installment Agreements
17:25 Using Form 9465 to Request an Installment Agreement
18:07 Form 433-F / Collection Information Statements
18:45 Partial-Payment Installment Agreements
#taxrelief #taxhelp #irs
YouTube Video UExIbXdEVTBxRDFmal9KUUFxTzdhY3p3c3J0TGZXT1NmUS4xMkVGQjNCMUM1N0RFNEUxIRS Installment Agreements EXPLAINED | How IRS Payment Plans Work
think it is. The IRS Fresh Start Initiative was actually just some changes the IRS made about 10 years ago to its policies and procedures regarding collections and tax resolution. So while you might be wondering, "Do I qualify for the IRS Fresh Start Program?", that question actually doesn't make much sense, and I'll tell you why in this video. ➡️ IRS Tax Relief: Do you owe the IRS more than $10,000 in back taxes? Call 866-8000-TAX (866-8000-829) or visit https://choicetaxrelief.com/ ➡️ My Tax Relief Video Playlist: https://youtube.com/playlist?list=PLHmwDU0qD1fj_JQAqO7aczwsrtLfWOSfQ ➡️ My Tax Relief Company: https://choicetaxrelief.com/ ⬇️ Other Tax Relief Videos Mentioned in This Video: - Offer in Compromise Basics: https://youtu.be/tR3uaqJE86o - Offer in Compromise Formula: https://youtu.be/1jDj6yHnjMI - IRS Installment Agreements Basics: https://youtu.be/u64o8fZSPIA Table of Contents: 0:00 What Is the IRS Fresh Start Program? 3:42 IRS Fresh Start Program Change #1 5:30 IRS Fresh Start Program Change #2 7:50 IRS Fresh Start Program Change #3 8:33 IRS Fresh Start Program Change #4 8:56 IRS Fresh Start Program Change #5 10:40 IRS Fresh Start Program Change #6 13:47 IRS Fresh Start Program Change #7 14:48 IRS Fresh Start Program Change #8 16:52 Guaranteed Installment Agreements 17:25 Using Form 9465 to Request an Installment Agreement 18:07 Form 433-F / Collection Information Statements 18:45 Partial-Payment Installment Agreements #taxrelief #freshstart #irs" />
Visit https://choicetaxrelief.com/ or call 866-8000-TAX today to schedule your FREE tax relief consultation!
Today I am talking about the IRS Fresh Start Program. While yes, there is a legitimate Fresh Start Program by the IRS, it might not be what you think it is. The IRS Fresh Start Initiative was actually just some changes the IRS made about 10 years ago to its policies and procedures regarding collections and tax resolution. So while you might be wondering, "Do I qualify for the IRS Fresh Start Program?", that question actually doesn't make much sense, and I'll tell you why in this video.
➡️ IRS Tax Relief: Do you owe the IRS more than $10,000 in back taxes? Call 866-8000-TAX (866-8000-829) or visit https://choicetaxrelief.com/ and let me know how much you owe to the IRS / state as well as your phone number.
➡️ My Tax Relief Video Playlist: https://youtube.com/playlist?list=PLHmwDU0qD1fj_JQAqO7aczwsrtLfWOSfQ
➡️ My Tax Relief Company: https://choicetaxrelief.com/
⬇️ Other Tax Relief Videos Mentioned in This Video:
- Offer in Compromise Basics: https://youtu.be/tR3uaqJE86o
- Offer in Compromise Formula: https://youtu.be/1jDj6yHnjMI
- IRS Installment Agreements Basics: https://youtu.be/u64o8fZSPIA
Table of Contents:
0:00 What Is the IRS Fresh Start Program?
3:42 IRS Fresh Start Program Change #1
5:30 IRS Fresh Start Program Change #2
7:50 IRS Fresh Start Program Change #3
8:33 IRS Fresh Start Program Change #4
8:56 IRS Fresh Start Program Change #5
10:40 IRS Fresh Start Program Change #6
13:47 IRS Fresh Start Program Change #7
14:48 IRS Fresh Start Program Change #8
16:52 Guaranteed Installment Agreements
17:25 Using Form 9465 to Request an Installment Agreement
18:07 Form 433-F / Collection Information Statements
18:45 Partial-Payment Installment Agreements
#taxrelief #freshstart #irs
YouTube Video UExIbXdEVTBxRDFmal9KUUFxTzdhY3p3c3J0TGZXT1NmUS41MzJCQjBCNDIyRkJDN0VDWhat Is the IRS FRESH START PROGRAM? It's Not What You Think It Is!
Call 866-8000-TAX or visit https://calendly.com/choice-tax-relief/unfiled-tax-returns/ to book your FREE unfiled tax returns consultation!
Today I am talking about filing previous years' taxes, also known as unfiled tax returns, for folks who haven't filed taxes in years.
In this video, I give you a seven-step game plan on what to do if you haven't filed taxes in 3 years, 5 years, 10 years, 15 years, and even 20 years!
There are many consequences of not filing your tax returns, and it's generally in your best interest to file your unfiled returns as soon as possible.
⬇️ More Tax Relief Videos:
- What Happens If You Don't File Your Tax Returns?: https://youtu.be/naloeMzyZFQ
- How to File Your Back Tax Returns: https://youtu.be/l4nj4ceBz_o
- My Offer in Compromise Basics Video: https://youtu.be/tR3uaqJE86o
- My Tax Relief Videos Playlist: https://youtube.com/playlist?list=PLHmwDU0qD1fj_JQAqO7aczwsrtLfWOSfQ
Table of Contents:
0:00 Will You Go to Jail For Not Filing Your Taxes?
1:40 What To Do If You Haven't Filed Taxes in Years
2:45 Step 1: Obtain your wage and income transcripts for all your unfiled years.
4:58 Step 2: Determine if the IRS has filed SFRs for you.
13:41 Step 3: Determine which of the SFR years you should file.
18:16 Step 4: Determine which of the non-SFR years you should file.
25:31 Step 5: File the returns you decided you should file.
26:28 Step 6: Request penalty abatement.
26:50 Step 7: Pay the balance due or seek tax relief.
#backtaxes #taxdebt #taxes
YouTube Video UExIbXdEVTBxRDFmal9KUUFxTzdhY3p3c3J0TGZXT1NmUS5EQUE1NTFDRjcwMDg0NEMzHaven't Filed Taxes in Years? Here’s What To Do! [Step by Step]
Schedule your FREE tax relief consultation at https://choicetaxrelief.com/free-consultation/
There are some who mistakenly believe that you need to be dirt broke to get an offer in compromise approved, but that certainly wasn't the case for Hollywood actor Charlie Sheen, who owed millions of dollars to the IRS and recently got an offer in compromise approved by the government. Here's a deep dive analysis into how Charlie's CPA got Charlie's offer in compromise approved (the third time was the charm) — as well as five lessons you can learn about your own tax debt from Charlie's case.
⬇️ Free E-Book:
- 7 Secrets About Your Tax Debt the IRS Doesn't Want You to Know: https://choicetaxrelief.ac-page.com/secrets-about-your-tax-debt-the-irs-doesnt-want-you-to-know/
⬇️ Other Videos Mentioned:
- Offer in Compromise Formula: https://youtu.be/1jDj6yHnjMI
- How Long Does an Offer in Compromise Take?: https://youtu.be/wPwR8r9MazI
- IRS Notice CP14 Explained: https://youtu.be/KYryOyUPF6g
- IRS Installment Agreements Explained: https://youtu.be/u64o8fZSPIA
- IRS Tax Debt Relief Explained: https://youtu.be/Ti63ecXv4G4
Table of Contents:
0:00 IRS Offer in Compromise
0:33 Dave Ramsey Offer in Compromise Myth
4:35 Offer in Compromise Timeline
5:18 Charlie Sheen’s Tax Problem
6:44 The IRS Notices Charlie Got
7:50 Charlie’s First Collection Due Process (CDP) Hearing and Installment Agreement Request
10:00 Charlie’s Form 433-A Issues With the Appeals Officer
12:19 Charlie’s First Tax Court Petition
12:58 Charlie’s First Offer in Compromise Request
13:49 Charlie’s Second Collection Due Process (CDP) Hearing
15:42 Charlie’s Second Offer in Compromise Request
17:39 Charlie REJECTED in Appeals for Both OIC and PPIA
21:43 Charlie’s Second Tax Court Petition
23:41 Charlie Back in Appeals
24:09 Charlie’s Offer in Compromise ACCEPTED
24:54 Lesson #1
25:48 Lesson #2
26:44 Lesson #3
27:54 Lesson #4
28:48 Lesson #5
#taxlaw #tax #taxes
YouTube Video UExIbXdEVTBxRDFmal9KUUFxTzdhY3p3c3J0TGZXT1NmUS41Mzk2QTAxMTkzNDk4MDhFCelebrity Back Taxes: CHARLIE SHEEN Gets $4,000,000 of IRS Debt FORGIVEN
