I wanted to share with you an episode of the Carlos Samaniego Tax Debt Consultant podcast; we are going to discuss the Franchise Tax Board and how to avoid common mistakes that people make when dealing with them.
In this episode, Carlos Samaniego advises against calling the Franchise Tax Board without first watching the video to avoid emotional reactions such as yelling that will not help the situation. If you are dealing with wage garnishment or a bank levy, or have received notices without understanding how it happened, we recommend speaking with someone who deals with the Franchise Tax Board.
Carlos shares that he talks to someone on a daily basis and has special phone numbers for different departments, including the Franchise Tax Board. He advises that the Franchise Tax Board is difficult to get through to on the phone, but he can usually get through to them in a reasonable time frame. People can reach out to Carlos’s office for assistance, and his online calendar, calltaxea.com, allows people to book an appointment if they are uncomfortable using the computer.
In this episode, Carlos receives a call from someone who found his YouTube video about the topic. The caller owed over $20,000 to the Franchise Tax Board. Carlos advises that when dealing with franchise dashboard issues, it is essential to reach out to someone who understands and works with it. It is also important to know your rights and understand your emotional state.If you are calling for assistance, expect to be asked a lot of questions, and be careful not to say anything that could make the situation worse. The situation can be emotionally stressful, especially when it involves losing money that was meant to pay bills and expenses.
Taxpayers have an opportunity to contact the agencies and discuss their tax situation.
However, Carlos warns that the Franchise Tax Board’s main job is to get information out of people, and it is almost impossible to get back the money once it has gone from the bank to the Franchise Tax Board.
Carlos also shares a story about a man who sold his recreational vehicle and deposited the money in his bank account. Forty-eight hours later, the Franchise Tax Board took out over $20,000 from his bank account. The man made a mistake by not having a game plan and calling the Franchise Tax Board without understanding his situation. Carlos advises that when the Franchise Tax Board or the IRS takes money out of a bank account, they put the money on hold at the bank rather than physically taking it out.
In conclusion, if you are experiencing any tax-related issues with the Franchise Tax Board or the IRS, we recommend watching this video before calling them to get the best results. Carlos provides valuable information to help you understand your situation and avoid common mistakes.Thank you for being a valued subscriber to the Carlos Samaniego Tax Debt Consultant podcast
Watch the episode here: https://www.youtube.com/watch?v=J7V2QhdT0wo
