- Just got off the phone with the “CaliClaw” (our little nickname for the California Franchise Tax Board), and I swear, I almost lost my breakfast.
The story I have for you today is no fairy tale; it’s a cautionary tale that’s scarier than a mafia flick.
Imagine being haunted by a mistake from the early ’90s – a tax bill originally pegged at $46,963 spiraling into a monstrous $193,515 in interest alone.
What make this even more wrong it was due to my client spouse business she had no part of!
Fast forward to 2023, and the FTB is still on a manhunt to collect over $108K of that debt from my client.
But here’s the gut punch – actions like wage garnishment can not only empty your pockets but also add a chilling 20 years to their collection timeframe.
It’s like a horror movie where the monster just won’t die.
And get this – even a seemingly innocent call to discuss an installment agreement on an ancient past-due balance could reset the clock, giving the FTB another 20 years to haunt you.
Here is statement directly from the FTB website:
:However, there are situations that can extend this 20-year limit:
Non-Filing or False Filing: If you never filed a tax return or filed a fraudulent one, the statute limitations never applies. The FTB can indefinitely pursue collection.
Collections Activity: Actions like wage garnishment, filing liens, or offering an installment agreement can restart the 20-year clock.”
It’s a trap, one that’s as cunning as it is cruel.
The mere act of reaching out to them, trying to make things right, could plunge you back into the depths of tax purgatory.
This morning’s conversation was a stark reminder of the CaliClaw’s power.
Their ability to extend their reach two decades into your future with something as simple as wage garnishment is downright nauseating.
It’s an eye-opener to the ruthless tactics employed to keep you in financial bondage.
So, here’s my advice: steer clear of directly contacting the FTB if you’re dealing with old, unsettled debts.
It’s a dangerous game that could end with you inadvertently giving them permission to extend their financial clutches far longer than you’d ever imagined.
The moral of the story?
Arm yourself with knowledge and the right allies.
A seasoned tax professional can be your knight in shining armor, navigating the perilous landscape of tax laws without triggering traps that reset the dreaded collection clock.
Consider this email your beacon in the dark, guiding you away from the pitfalls that could ensnare you for decades.
Don’t let the CaliClaw drag you back into a nightmare – fight back with strategy and savvy.
Stay vigilant, stay informed, and most importantly, stay out of the direct line of sight of the FTB.
Til next time,
Carlos ” CaliClaw Slayer” Samaniego, EA
909-570-1103
Book an appointment: https://meetwithcarlos.as.me/schedule.php
P.S. The path through the tax jungle is fraught with hidden dangers. Don’t go it alone. Call today 909-570-1103 or visit our website to learn more: TaxDebtConsultant.com. A bit of expert guidance can turn your tale from a horror story to a success story.
