California CDTFA Sales Tax Installment Agreement
If you have received a notice of demand for payment from the CDTFA, that means you have an outstanding tax liability with the CDTFA. A tax attorney can help you decide if an installment agreement is the best option. If you cannot pay the full amount of the tax liability, you have options to resolve your tax liability and prevent sales tax levies against your bank accounts or wages. If you disregard the CDTFA notices, the CDTFA can levy your bank accounts, issue wage garnishments, or seize assets to satisfy the tax liability. You would want to consider hiring a Sales TaxAttorney.
If you cannot pay the full amount, you are entitled to establish a monthly installment agreement. The amount of your installment payment is based your ability to pay that amount. You will need to provide documentation to the CDTFA to substantiate your ability to pay. The CDTFA has its own form that it uses to receive financial information from taxpayers who are requesting a sales tax installment agreement.
The CDTFA may end the agreement if you pay late, miss a payment, don’t file and/or pay all required tax returns, or if you do not comply with other terms of the agreement. The CDTFA will typically send you a letter giving you notice that the payment plan has been defaulted. If you receive such a notice, contact a tax attorney immediately to avoid unwanted bank account levies.
Contact a Tax Attorney to Discuss a CDTFA Sales Tax Installment Agreement
If you have a sales tax liability, there are steps you can take to ensure that you can obtain an affordable monthly payment plan. An installment agreement can help your business avoid unwanted liens and levies. Contact an sales tax attorney at Disparte Tax Law today for a free consultation.