The Coast One Tax Group might be an option for you if you have recently discovered that you are drowning in back taxes and you are unsure how you will be able to pay what you owe. As an American company, they provide debt relief and tax relief services as a part of their business model.
With experience working both with the state of Florida and with the Internal Revenue Service, Coast One Financial Group has assembled a team of professionals and specialists in the field. You can expect them to look into every possible way to solve your tax problems and see what you may qualify for. They will also deal with the IRS or state on your behalf in direct negotiations so you don’t have to.
There is a company called Coast One Financial Group that claims to be able to help you stay out of debt and to help you put yourself back on the road to financial freedom if you hire them. With Coast One’s help, you can stop worrying about stress and start living the way you want to.
Pros & Cons
- Experienced in handling complex cases
- Resolves tax debts for clients
- Consultation is free
- The process is simple and hassle-free
- Professional staff with extensive experience
- $10,000 Minimum Amount Owing
- There is limited information available online
- Membership at the professional level is not available
Coast One Tax Group Overview
In addition to being rated with an A+ from the Better Business Bureau, Coast One Tax Group is a San Diego-based tax firm that has helped many people pay off their tax debt with their tax relief services. Assisting clients in saving up to 93% or more on their tax problems, the company offers a variety of tax services and options.
Coast One Financial Group professionals, comprised of tax attorneys, certified public accountants, and enrolled agents, have extensive experience in tax law and tax relief, as well as a track record of consistently delivering substantial savings to our clients.
The majority of Americans living in the United States have access to them. If you would like to learn more or determine your eligibility, you can request a free consultation. During the consultation, the representative will answer any questions that the individual taxpayers may have to ensure that they can receive their tax relief. In 2013, Coast One Financial Group was established in San Diego, California.
Coast One Tax Group Services
It can be complicated to deal with back taxes and state debt, and there are no universal solutions when dealing with all these different companies. As part of its tax relief services, the company explores several options until they find one that offers the best chance of success for getting you the help you need.
Coast One offers the following services as part of its range of services:
- Resolving tax issues
- Unfiled tax returns/tax preparation
- Negotiation of taxes
- Compromise offer
- Abatement of penalties
- Program for fresh starts with the IRS
- Innocent Spouse/Injured Spouse
- Withdrawal of tax liens
- Tax audits/examinations
- Lawyers who practice taxation
- Experts in taxation
Tax debt, IRS debt, or any other complex tax-related topic cannot be handled in a one-size-fits-all manner. The Coast One Tax Group explores a variety of options until they find one that offers a reasonable chance of success to get your tax relief and ensure that you receive the assistance you need.
Each case begins with an examination of your financial situation, your debt amount, and your creditors. From there, the team will be able to develop a plan for your tax relief and implement it to completion. As a result of our negotiations and concessions, Coast One can save you money and pay off your tax debt behind the scenes.
Your tax relief options will have a significant impact on Coast One Tax Group’s ability to resolve your debt. No matter if you have just received your first notice or are facing wage garnishment and other penalties, Coast One Tax Group may be able to help you.
Among the typical tax issues that Coast One can assist with are as follows:
- Garnishment of wages by the IRS
- Garnishment of state wages
- Levy on banks by the IRS
- Levy imposed on state banks
- State or federal tax liens
- Suspension of the driver’s license
- Passport revocation
- Levy on Social Security
- The seizure of pension plans
- Tax debt arising from payrolls or employment
- Report of Foreign Bank Accounts (FBAR)
- Assigning revenue offices
Coast One Tax Group: Minimum Requirements
Several requirements are outlined by Coast One to ensure that the process will be worthwhile. It may be more advantageous for people who owe only a small amount of money to work directly with the IRS or the state to arrange a payment schedule. When your debts have gotten out of control and are more than you can afford to pay, Coast One Tax Group might be able to help.
To use Coast One, you must be at least 18 years old and a US citizen or permanent resident. The services offered by Coast One are available nationwide. There is no maximum debt amount allowed for assistance, but a minimum debt amount of $10,000 is required. Additionally, the company provides services such as negotiating an offer-in-compromise, installment agreement, or partial pay installment agreement, filing amended returns, and filing back taxes. Alternatively, you can contact Coast One Tax Group to take advantage of their free consultation offer, which will allow an expert to discuss your case if you’re uncertain if you qualify.
Who Is Eligible To Apply?
A professional service can help you resolve your tax debt if you are already in debt. Therefore, you must owe at least $10,000, ensuring that the cost is ultimately justified by the savings anticipated.
Depending on how much you owe, how difficult your case is, and how long it takes to resolve your case, Coast One may charge you a fee. The Coast One team is open and transparent about their pricing, and they will discuss it with you during your initial consultation.
For those who meet the requirements, Coast One Tax Group offers financing, giving you the option to make monthly payments with 0% interest for up to six months. In your consultation, you can discuss this possibility to learn more about how to qualify for tax relief if you are interested in taking advantage of it
Coast One may be of assistance to anyone who is struggling with a tax issue and owes money to either the state or the IRS. Due to its team of qualified experts, Coast One has extensive experience dealing with a variety of tax situations.
The Coast One Tax Group can be contacted whenever you want to learn more about them or if you would like to take advantage of their tax relief offer for a free consultation if you decide to hire their tax preparation services. In addition to answering any questions you may have, Coast One’s hassle-free program will explain how Coast One can assist you in decreasing or paying off your tax debt promptly. There is also the possibility of reading their customer reviews to determine if this is the best choice for you.
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How Much Can The Internal Revenue Service (IRS) Garnish?
Your employer is required to withhold a portion of your wages when the IRS initiates a wage garnishment. In determining how much money the IRS will garnish from your wages, several factors are taken into account, such as your filing status, the standard deduction, and the number of dependents you have.
It is not taken into account by the IRS how much to garnish from your salary based on your actual expenses. You can have up to 25% of your paycheck withheld by state taxing authorities and creditors. Despite this, you could lose over 50% of your paycheck to IRS wage garnishments. You can be garnished by the IRS for 100% of your wages from a second job.
Offer In Compromise: What Is It?
There is a repayment plan known as an Offer In Compromise that will allow a taxpayer to only pay a percentage of the outstanding tax liability owed through the repayment plan. If you are struggling to pay your full large liability tax, then you may wish to consider this option as it is a legitimate option. It is the objective of this repayment option to come up with a compromise between the taxpayer and the Internal Revenue Service (IRS) that will work for both parties. Please keep in mind that applying does not guarantee that an IRS-enrolled agent will accept your offer when you submit it.
Several factors are taken into account by the IRS, such as your fixed income, your expenses, the quality of your assets, etc. To make an Offer In Compromise to the IRS, you must make a reasonable offer that exactly reflects your financial situation, if you are serious about making an Offer In Compromise. As a result, you should seek the assistance of an enrolled agent to assist you in submitting your offer to the bank.