Coast One Tax Group might be an option if you have discovered that you are drowning in back taxes and are unsure how you can afford to pay what you owe. They are an American company that offers debt relief and tax relief services. With experience working with the state and the IRS, Coast One Financial Group has assembled a team of specialists and professionals. They will look into every possibility to resolve your tax problems and see what you may be eligible for and will deal with the IRS or state on your behalf in direct negotiations.
They self-claim that if you hired Coast One Financial Group you can be debt-free and that they will assist in putting you back on the road to financial freedom. You can stop stressing and start living with the help of Coast One.
Coast One Tax Group: Pros And Cons
- Qualified to Handle Complex Cases
- Helps Clients Resolve Tax-Related Debts
- Free Consultation
- Simple & Hassle-Free Process
- Expert Staff with Professional Backgrounds
- Requires a Minimum Amount Owing of $10,000
- Limited Online Information
- Professional Membership Not Available
Coast One Tax Group rated with an A+ from the Better Business Bureau BBB, Coast One Tax Group is a San Diego-based tax firm with several years of industry experience that has assisted people with their tax relief services in paying off their tax debt. The company offers a range of services and options to get the best performance for your situation, assisting clients in saving up to 93% or more on their tax problems.
The Coast One Financial Group professionals, which are made up of Tax Attorneys, Certified Public Accountants, and Enrolled Agents, have a wealth of experience in tax law and tax relief, and a history of consistently delivering sizeable savings.
Most Americans living in the US can access them. You can request a consultation for free and speak with a representative to learn more or determine your eligibility. The representative will answer any questions that the individual taxpayers have, to be sure that they can get their tax relief. Coast One Financial Group was Founded in 2013 in San Diego, California.
When dealing with back taxes and state debt, taxes can be a complicated subject, and there is no one solution that works for everyone with all these different companies. The company works to explore various options until they find one that may offer a chance for success to get your tax relief services to ensure you receive the assistance you require.
Some of the services offered by Coast One include:
- Tax Resolution
- Tax Preparation/Unfiled Tax Returns
- Tax Negotiation
- Offer in Compromise
- Penalty Abatement
- IRS Fresh Start Program
- Innocent Spouse/Injured Spouse
- Tax Lien Withdrawal
- Tax Audit/Tax Examination
- Tax Lawyers
- Tax Consultants
There is no one-size-fits-all method for dealing with taxes owed, IRS or state debt, or any other complicated tax-related topic. Coast One Tax Group works to explore various options until they find one that offers a chance for success to get your tax relief and ensure you receive the assistance you require.
Each case starts with a comprehensive examination of your financial situation, the debt amount, and the creditors you owe money to. The team will be able to develop a plan from there and carry it out to completion for your tax relief. Coast One negotiates and makes concessions behind the scenes to save money and pay off your tax debt.
Typical Tax Issues
How Coast One Tax Group can resolve your debt will be significantly influenced by how you could obtain your tax relief. Coast One Tax Group might be able to help with your case and secure the favorable result you need, whether you have just received your first notice or are dealing with wage garnishment and other penalties.
The following are a few of the typical tax issues that Coast One can assist with:
- IRS Wage Garnishment
- State Wage Garnishment
- IRS Bank Levy
- State Bank Levy
- Federal or State Tax Lien
- Driver’s License Suspension
- Revocation of Passport
- Social Security Levy
- Retirement Plan Seizure
- Payroll or Employment Tax Debt
- Foreign Bank Account Report (FBAR)
- Revenue Office Assignment
Coast One lays out a few requirements to ensure that the process will be worthwhile. For instance, people who only owe a small amount of money might find it more advantageous to arrange a payment schedule by speaking directly with the IRS or the state. However, Coast One Tax Group might be able to help if your debt has gotten out of control and is more than you can afford to get your tax relief.
Coast One requires all clients to be over 18 and a US citizen or permanent resident. Coast One offers services to people nationwide. You must also have a minimum debt of $10,000 to be eligible for assistance, with no maximum debt amount allowed. Also, the company’s services include negotiating an offer-in-compromise, installment agreement, or partial pay installment agreement, filing amended returns or back taxes, and other back tax assistance services. You can also get in touch with Coast One Tax Group to benefit from their free consultation offer, which will allow an expert to discuss your case if you are unsure whether or not you qualify.
If you are already in debt, you should consider the cost of hiring a professional service to help you with your tax debt. This is why you must owe at least $10,000, ensuring that the cost is ultimately justified by the amount you will hopefully save.
The sum you owe, the difficulty of your case, and the length of the process will all impact how much you must pay Coast One. Coast One team is open about their pricing, and they’ll talk about it with you during your initial consultation.
If you meet the requirements, Coast One Tax Group offers to finance, giving you a payment plan with 0% interest for up to 6 months by doing monthly payments. You can bring up this possibility during your consultation to learn more about how to qualify if you want to take advantage of it in order to get your tax relief
Coast One Tax Group: Final Thoughts
Anyone struggling with a tax issue and who owes money to the state or the IRS may want to consider Coast One. Coast One has experience working on various tax situations and can handle both simple and complex issues because a team of qualified experts supports it.
You can get in touch with Coast One Tax Group whenever you want to learn more about them or take advantage of their tax relief offer for a free consultation for their tax preparation services. A tax professional will respond to your questions and review how Coast One’s hassle-free program can help you lower or pay off your tax debt. Also, you can read their customer reviews to be sure if is this the best choice for you.
How Much Can the IRS Garnish?
When the IRS moves forward with a wage garnishment, your employer must comply with the IRS and withhold a portion of your wage. The IRS takes into account several factors to determine the amount of money they will garnish from your wage, including filing status, standard deduction, number of dependents, etc.
The IRS does not take into account your actual expenses when determining how much to garnish from your salary. State taxing authorities and other creditors can withhold a maximum of 25% of your paycheck. However, the IRS wage garnishments could be over 50% of your paycheck. If you have a second job, the IRS has the authority to garnish 100% of your wage from that job.
What is Offer In Compromise?
Through the Offer In Compromise repayment plan, a taxpayer will only be required to pay a percentage of the outstanding tax liability owed. It is a legitimate option if you’re struggling to pay your full large liability tax. The goal of this repayment option is to find a compromise that suits both the taxpayer and the Internal Revenue Service (IRS). It is important to note that applying does not ensure that the IRS enrolled agent will accept your offer.
The IRS takes into consideration several factors, including your fixed income, expenses, asset quality, etc. If you want to make an Offer In Compromise to the IRS, you must make a reasonable offer, one that precisely reflects your financial situation. Therefore, it would be wise to contact a enrolled agents to assist in the submission of your offer.