Small Business Tax Problems – File, Owe, Audit, Settle – Former IRS Agent

by Fresh Start Tax | Jan 31, 2013 | Tax Help

 
Small Business Tax Problems – File, Owe, Audit, Settle – Former IRS Agent     1-866-700-1040
Small Business Tax Problems and Tax Resolutions

We are comprised of Tax Attorneys, CPAs, and former IRS agents, managers and instructors.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service and the local, district, and regional offices of the Internal Revenue Service.
We taught tax law at the regional  IRS training centers. We know all the tax policies, settlement procedures and tax options available to all taxpayers.
If you are a business and have any type of IRS problems please contact us today for a free tax consultation and see if we can stop the worry today.
We are A+ rated by the Better Business Bureau and are without complaint.
Filing Back Tax Federal or State Tax Returns
If you need to file any back tax returns we can go ahead and prepare those documents and work out settlement agreements with Internal Revenue Service. We can prepare back tax returns with little or no records. We are experts in tax reconstruction.
If you owe back taxes to IRS or to State governments we can get you an installment agreement or work out tax settlement package called and offered a compromise.
IRS or State Tax Audits
If you are about to go undergo a tax audit or a audit report has been issued, we can go ahead and be your representative and appeal any decision the government state or federal.
Settle your back taxes
IRS tax settlements come in the form of offer in compromises. We can go over the three different options and explain the settlement procedures and how they can work for you So you can  settle your case for the lowest amount allowed by law.
IRS Offer in Compromise –  IRS tax settlements

An offer in compromise allows you to settle your tax debt for less than the full amount you owe.
It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS will consider your unique set of facts and circumstances:
a. Ability to pay,
b. Income,
c. Expenses and,
d. Asset equity.
Offer and compromises require the help of true tax professionals. As a former IRS agent and  teaching instructor  i can tell you this, very few offer in compromises are accepted by individual taxpayers who submit them on their own.
Also you should have your offer in compromise  qualified before submitting it to the Internal Revenue Service.
IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
You should explore  all other payment options before submitting an offer in compromise. The Offer in Compromise program is not for everyone.
Make sure you are eligible before you file or settle your case.
Before IRS can consider your offer, you must be current with all filing and payment requirements.
Please note:
You are not eligible if you are in an open bankruptcy proceeding.
Submitting  your offer
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). You can also view the “Complete Form 656” video.
Your completed offer package must include:
1. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
2. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
3. $150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
Select a payment option that fits your individual need
Your initial payment will vary based on your offer and the payment option you choose:
Lump Sum Cash.
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
Periodic Payment.
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.
Understand the  offer in compromise process
While your offer is being evaluated:
a. Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
b. A Notice of Federal Tax Lien may be filed;
c. Other collection activities are suspended;
d. The legal assessment and collection period is extended;
e. Make all required payments associated with your offer;
f. You are not required to make payments on an existing installment agreement; and
g. Your offer is automatically accepted if the IRS does not make a determination within two years.
Contact us today to get immediate and permanent results if you have any type of small business tax problem.
We could file all your back tax returns workout on IRS or State tax settlement or represent you on any pending or tax  problem that is ready for appeals.
Contact us today for a free tax consultation.
 
Small Business Tax Problems – File, Owe, Audit, Settle – Former IRS Agent
 

How to Fix Tax Problems – Former IRS Know ALL the Solutions

by Fresh Start Tax | Jan 31, 2013 | Tax Help

 
How to Fix Tax Problems – Former IRS Know ALL the Solutions 1-866-700-1040    Find out your options

If you want to know how to fix tax problems you should go to the very best source possible. It only makes perfect sense  to contact former IRS agents, managers and instructors.
We have over 60 years of direct working knowledge and experience with the Internal Revenue Service as agents ,managers and instructors who taught tax law at the IRS.
Also on staff are former appellate agents and tax attorneys.
All work is done in-house and you can call us today for a no cost professional tax consult.
We can go over all your tax options and explain to you how you can fix your tax problems. So stop and the stress and hear the truth on the best and easiest way to fix your individual tax problem.
How to fix tax problems if you owe the IRS a tax debt – Offers In Compromise
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed.
If the liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for an OIC. Call us for more details on this.
In order to be eligible for an OIC, the taxpayer must have:
1. filed all tax returns,
2. make all required estimated tax payments for the current year, and
3. make all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees.
The IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (the RCP).
The RCP is how the IRS measures the taxpayer’s ability to pay.
The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property. This other property includes IRA and pensions.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses. For complete list of basic living expenses please check out the national and regional standards on our website.
The IRS may accept an OIC based on three grounds.
1. Acceptance is permitted if there is doubt as to liability. This ground is only met when genuine doubt exists under applicable law that the IRS has correctly determined the amount owed,
2. Acceptance is permitted if there is doubt that the amount owed is fully collectible. This means that doubt as to collectibility exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability,
3. Acceptance is permitted based on effective tax administration. An offer may be accepted based on effective tax administration when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
Offers in Compromise based on Doubt as to Collectibility
1.use the most current version of Form 656 (PDF), Offer in Compromise, and
2. must also submit Form 433-A (PDF), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or Form 433-B (PDF), Collection Information Statement for Businesses.
Taxpayer submitting offers in compromise based on Doubt as to Liability
A taxpayer submitting an OIC based on doubt as to liability must file a Form 656-L (PDF), Offer in Compromise (Doubt as to Liability), instead of Form 656 and Form 433-A and/or Form 433-B.
In general, a taxpayer must submit a $150 application fee with the Form 656. You should not combine this fee with any other tax payments. There are, however, two exceptions to this requirement.
1. no application fee is required if the OIC is based on doubt as to liability.
Second, the fee is not required if the taxpayer is an individual (not a corporation, partnership, or other entity) who qualifies for the low-income exception.
Exceptions
This exception applies if the taxpayer’s total monthly income falls at or below 250 percent of the poverty guidelines published by the Department of Health and Human Services. Section 4 of Form 656 contains the Low Income Certification guidelines to assist taxpayers in determining whether they qualify for the low-income exception.
 
Options to pay off the offer in compromise
Taxpayers may choose to pay the offer amount in a lump sum or in installment payments.
 The lump sum payment offer
A “lump sum offer” is defined as an offer payable in 5 or fewer installments and within 24 months after the offer is accepted. If a taxpayer submits a lump sum offer, the taxpayer must include with the Form 656 a nonrefundable payment equal to 20 percent of the offer amount.
This payment is required in addition to the $150 application fee. The 20 percent amount is called “nonrefundable” because it cannot be returned to the taxpayer even if the offer is rejected or returned to the taxpayer without acceptance.
The 20 percent amount will be applied to the taxpayer’s tax liability. The taxpayer has a right to specify the particular tax liability to which the IRS will apply the 20 percent amount.
The periodic payment offer
The offer is called a “periodic payment offer” under the tax law if it is payable in 6 or more monthly installments and within 24 months after the offer is accepted.
When submitting a periodic payment offer, the taxpayer must include the first proposed installment payment along with the Form 656. This payment is required in addition to the $150 application fee. This amount is nonrefundable, just like the 20 percent payment required for a lump sum offer.
While the IRS is evaluating a periodic payment offer, the taxpayer must continue to make the installment payments provided for under the terms of the offer. These amounts are also nonrefundable. These amounts are applied to the tax liabilities and the taxpayer has a right to specify the particular tax liabilities to which the periodic payments will be applied.
 The statutory period of time
Ordinarily, the statutory time within which the IRS may engage in collection activities is suspended during the period that the OIC is under consideration and is further suspended if the OIC is rejected by the IRS and where the taxpayer appeals the rejection to the IRS Office of Appeals within 30 days from the date of the notice of rejection.
If the IRS accepts the taxpayer’s offer, the IRS expects that the taxpayer will have no further delinquencies and will fully comply with the tax laws.
Defaults of offers in compromise
If the taxpayer does not abide by all the terms and conditions of the OIC, the IRS may determine that the OIC is in default.
For doubt as to collectibility and effective tax administration OICs, the terms and conditions include a requirement that the taxpayer timely file all tax returns and timely pay all taxes for 5 years from the date of acceptance of the OIC.
When an OIC is declared to be in default, the agreement is no longer in effect and the IRS may then collect the amounts originally owed, plus interest and penalties.
Additionally, any refunds due within the calendar year in which the offer is accepted will be applied to the tax debt.
If the IRS reject your offer in compromise
If the IRS rejects an OIC, then the taxpayer will be notified by mail. The letter will explain the reason that the IRS rejected the offer and will provide detailed instructions on how the taxpayer may appeal the decision to the IRS Office of Appeals.
Appeals and rejected offer in compromise
The appeal must be made within 30 days from the date of the letter.
In some cases, an  offer in compromise is returned to the taxpayer, rather than rejected, because the taxpayer has not submitted necessary information, has filed for bankruptcy, has failed to include a required application fee or nonrefundable payment with the offer, or has failed to file tax returns or pay current tax liabilities while the offer is under consideration.
Contact us today for a free tax consultation on how to fix your IRS or state tax problem. 1-866-700-1040.
Stop the fear and worry and speak to true IRS tax experts. With over 60 years of  direct IRS working experience we know every tax policy and settlement procedures to give you the results you are looking for.
 
How to Fix Tax Problems – Former IRS Know ALL the Solutions
 

Back Taxes – IRS & State – Former Agents Can Settle – Miami, Ft.Lauderdale, Palm Beaches, Florida Keys – LOCAL

by Fresh Start Tax | Jan 30, 2013 | Tax Help

Back Taxes – IRS & State – Former Agents Can Settle – Miami, Ft.Lauderdale, Palm Beaches, South Florida    954-492-0088

 
If you have any issues with your back taxes with either the Internal Revenue Service or the State of Florida contact us today for immediate and permanent tax resolution on your back tax issues or your back tax problems.
 
Free consultations are available with Tax Attorneys, CPAs were former IRS agents.
 
We are comprised of tax attorneys, CPAs and former IRS agents, managers and instructors. We have over 60 years of direct work experience in the local South Florida IRS offices and we have been in the positions of agents, managers, instructors, and former IRS appeals agents.
 
All our work is done in-house and we are A+ rated by the Better Business Bureau. We have been serving South Florida since 1982.
So if you have any back tax issues whether you have not filed tax returns or owed back taxes or going through a tax audit call us today and we will match you up with the tax specialist that can immediately and permanently start to resolve your IRS back tax problem.
 

 The new Fresh Start Program by the Internal Revenue Service

 
The Internal Revenue Service six months ago made major changes in the way they deal and handle taxpayers that all back taxes. The new fresh start program or fresh start initiative is going to help out thousands and thousands upon taxpayers to go ahead and more readily and easily handled their IRS tax problems. IRS has made dealing with back taxes a much easier.
 

 Please find  below changes made in back taxes due to the new Fresh Start Program.

 
Federal Tax Lien Thresholds.
The IRS will significantly increase the dollar thresholds when federal tax liens are generally filed.
The new dollar amount is in keeping with inflationary changes since the number was last revised. Currently, liens are automatically filed at certain dollar levels for people with past-due balances  on back taxes.
The IRS plans to review the results and impact of the federal tax lien threshold change in about a year.
A federal tax lien gives the IRS a legal claim to a taxpayer’s property for the amount of an unpaid tax debt. Filing a Notice of Federal Tax Lien is necessary to establish priority rights against certain other creditors.
Usually the federal government is not the only creditor to whom the taxpayer owes money.
A federal lien informs the public that the U.S. government has a claim against all property, and any rights to property, of the taxpayer.
This includes property owned at the time the notice of lien is filed and any acquired thereafter. A federal tax lien can affect a taxpayer’s credit rating, so it is critical to arrange the payment of taxes as quickly as possible.
 

Federal Tax Lien Withdrawals

 
The IRS will also modify procedures that will make it easier for taxpayers to obtain lien withdrawals.
Federal Tax Liens will now be withdrawn once full payment of taxes is made if the taxpayer requests it. The IRS has determined that this approach is in the best interest of the government.
In order to speed the withdrawal process, the IRS will also streamline its internal procedures to allow collection personnel to withdraw the liens.
 

Direct Debit Installment Agreements and Federal Tax Liens

 
The IRS is making other fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement .
For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:
Lien withdrawals for taxpayers entering into a Direct Debit Installment Agreement.
The IRS will withdraw a lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement.
The IRS will also withdraw liens on existing Direct Debit Installment agreements upon taxpayer request.
Federal Tax Liens will be withdrawn after a probationary period demonstrating that direct debit payments will be honored.
This lowers user fees and saves the government money from mailing monthly payment notices.
 

Installment Agreements and Small Businesses

 
The IRS will also make streamlined Installment Agreements available to more small businesses. The payment program will raise the dollar limit to allow additional small businesses to participate.
Small businesses with $25,000 or less in unpaid tax can participate.
Currently, only small businesses with under $10,000 in liabilities can participate. Small businesses will have 24 months to pay.
The streamlined Installment Agreements will be available for small businesses that file either as an individual or as a business.
Small businesses with an unpaid  tax assessment balance greater than $25,000 would qualify for the streamlined Installment Agreement if they pay down the balance to $25,000 or less.
Small businesses will need to enroll in a Direct Debit Installment Agreement to participate.
 

Offers in Compromise or Tax Debt Settlements

 
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.  Tax Participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
Compromises or Tax Debt Settlements are subject to acceptance based on legal requirements. Call us for more details.
An offer-in-compromise ( OIC ) is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. The IRS  will looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.


Areas of Professional Tax Practice:
 

• Same Day IRS Tax Representation
• Offers in Compromise or IRS Tax Debt Settlements
• Immediate Release of IRS Bank Levies or IRS Wage Garnishments
• Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
  
• IRS Tax Audits
  
• IRS Hardships Cases or Unable to Pay
• Payment Plans, Installment Agreements, Structured agreements
  
• Abatement of Penalties and Interest
• State Sales Tax Cases
• Payroll / Trust Fund Penalty Cases / 6672
  
• Filing Late, Back, Unfiled Tax Returns
• Tax Return Reconstruction if Tax Records are lost or destroyed
• Back Taxes
  

 
Our Company Resume: ( Since 1982 )

• Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
  
• On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
• We taught Tax Law in the IRS Regional Training Center
  
• Former IRS Agents, Managers and Instructors with over 60 years experience  in the local, district and regional IRS offices.
  
• Highest Rating by the Better Business Bureau  “A”
  
• Fast, affordable, and economical
• Licensed and certified to practice in all 50 States
• Nationally Recognized Veteran , Published  Former IRS Agent
• Nationally Recognized Published EZINE Tax Expert
• As heard on  GRACE 90.3 Net  Monthly Radio Show-Business Weekly

 
Back Taxes – IRS & State – Former Agents Can Settle – Miami, Ft.Lauderdale, Palm Beaches, Florida Keys – LOCAL