Florida Sales Tax Audit + Defense, Representation & Owe Sales Tax Debt, Specialists + Former Agents = Pompano Beach + 33069, 33060, 33062

 

Fresh Start Tax

We are a AFFORDABLE full service tax firm that specializes South Florida Sales Tax Audit Defense and Back Tax Debt for Florida Sales Tax. Local Tax Firm South Florida Firm.

 

We are the affordable Sales Tax Experts in the State of Florida composed of Florida Sales CPA’s and Former Government Agents who specialize in Florida Sales Tax Issues, Tax Representation and Tax Problems.

 

Since 1982, we have been resolving sales tax issues for the state of Florida. Let our years of experience work for you. We know all the systems, processes, and settlement formulas.

 

If you are having any issues, received the letter or notification that you are being audited, it is wise to get a free initial tax consultation so we can walk you through the process and let you know what you are going to experience.

 

It is important that you get an experienced and knowledgeable form to reduce any liability that you may incur. If you owe tax, we will work out a resolution as well.

Florida’s Department of Revenue is sending out more enforcement and audit notices than they have in their history.

If you have received a Notice or Letter from the Criminal Division the only person you should be speaking with is a competent and experienced Florida Sales Tax Attorney and no one else. Only a Florida Sales Tax Attorney can protect you under Attorney-Client Privilege.

There are several steps that you can take to fix your Sales Tax Problem immediately.

After a quick review of your case and audit letter we can let you know exactly the direction that your case will take and give you an accurate and fair indication of what you are looking at. If you’re go back taxes as a result of this we can settle your case is well.

 

Fresh Start Tax LLC has its main office in Ft. Lauderdale, Florida and the firms staff consists of CPA’S, former IRS agents and former instructors who have worked hand in hand with the Florida’s Sales Tax and the Department of Revenue.

 

Fresh Start Tax and it’s principles have handled thousands and thousands of cases over the years, both in government service and in their professional practice. We use a private practice firm for any criminal cases.

Our typical client is one that has not filed or not reported matters involving sales taxes and or IRS related issues.

 

We handle cases all through the State of Florida, since 1982.

 

Our professionals are members of various National Organizations, have been keynote speakers on tax issues and are certified by the Florida Department of Professional Regulation to administer and teach other professionals in their continuing educational programs. We are the professionals professional.

 

State of Florida sales tax representation includes the following matters with the Florida Department of Revenue:

• Tax audits on any and all sales tax issues and matters,
• Non-filing matters,
• Criminal investigations that are referred to attorneys that best fit your profile,
• Department of Revenue enforcement action or warrant proceedings
• Stipulated time payments,
• Requests for settlements or Compromise

 

The Keys to resolving your Florida Sales Tax Problem

There are several keys to make sure your case is resolved timely. These keys are necessary on every case. The Department of Revenue is interested in resolving the cases in their system. The DOR goal is to close cases and get them out of their inventory.

Here are the keys necessary to stop enforcement action on your back taxes.

• Have all your tax returns filed before you call Florida Sales Tax and the Department of Revenue on your back tax issues.

• Be prepared to give the Department of Revenue a financial statement whether you are a hardship candidate, want an installment agreement or want to settle your case.

• Be prepared to give the Department of Revenue all supporting documentation to prove your financial statement.

• Make sure you are current on deposit requirements.  both the federal and state governments want to make sure you are in full compliance with the tax reporting requirements. therefore when we contact IRS we want to make sure all tax returns are timely and all the latest depositories are filed in on record.

 

Tax Audits : The State of Florida, Department of Revenue audit taxpayers to:

• Enforce Florida tax laws uniformly.
• Deter tax evasion.
• Promote voluntary compliance.
• Educate taxpayers.

As a general rule, the State of Florida Sales Division accepts most tax returns as filed, however they audit some returns to verify accuracy and evaluate compliance.
Florida Sales Tax Audits do not always result in the taxpayer owing additional tax, penalty or interest.

The auditor may adjust a credit carryover or correct distribution without assessing additional tax. The auditor may even determine that a refund is due.

How And Why Are Taxpayers Selected for Audit by the Florida Sales Tax Division

The methods for selecting a business or individual to audit vary from tax to tax.

Here are some examples of sources we use to identify a potential audit candidate:

• Internal Revenue Service information.
• Information sharing programs with other states and state agencies.
• Computer-based random selection.
• Analysis of Florida tax return information.
• Business publications, periodicals, journals, and directories.

What Types of Records Will I Need to provide to an Auditor or Inspector?

When we notify you of our intent to audit, we will also tell you what records you will need to provide.

The types of records may include, but are not limited to:

1. General ledgers and journals

2. Cash receipt and disbursement journals

3. purchase and sales journals

4. Sales tax exemption or resale certificates

5. Florida tax returns

6. Federal tax returns

7. Depreciation schedules

8. Property records

9. Other documentation to verify amounts entered on tax returns

You must keep your records for three years since an audit can extend back that far.

The Department may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.

Florida Sales Tax Audit + Defense, Representation & Owe Sales Tax Debt, Specialists + Former Agents

IRS Tax Problem Help Services + Owe 941 Payroll Tax Debt + IRS Trust Fund Taxes + Make IRS Payments + Settle Tax Debt + Pompano Beach + 33069, 33060, 33062

 

Fresh Start Tax

 

We are former AFFORDABLE former IRS agents & managers who know the system. Since 1982, Local Tax Firm in South Florida.

Do you owe payroll tax debt or back trust fund tax debt or have any other problem with the Internal Revenue Service.

We can resolve any IRS tax debt or nonfiling issues.

We are an IRS services business that can help you in any facet of an IRS or state tax problem.

We have over 65 years of working directly for the local  IRS offices.

We have worked to supervisors, managers and teaching instructors  right here in South Florida. We know the system inside and out.

After your first initial tax consultation we can provide an exit strategy for all cases. Let our years of experience be your best ally.

Call us today and find out all your options on how to get immediate and permanent IRS tax relief. understanding the IRS systems is part of getting immediate and permanent IRS tax relief.

We know what the closing standards are of the case and we know that the submission of your package is key to settling your tax debt.

You can speak to a former IRS agent or manager who has worked this system for years. You will not find more experience IRS tax experience for IRS tax problems.

Trust Fund Taxes, 6672 IRC

If the IRS has found you a responsible person for the trust fund penalty, call us today for free initial tax consultation and we will walk you through the process of resolving this tax at once and for all. As former IRS agents we set up trust fund penalties against responsible persons for corporations or businesses that owed back payroll taxes.

If a company can no longer pay their back payroll taxes, the Internal Revenue Service has the right under 6672 to set up the trust fund debt against those who are held responsible. This is called the trust fund penalty.

Who Can Be Responsible for the Trust Fund Taxes, code section 6672. Can it Be You?

 

The usual suspects found liable by IRS are usually those that were:

 

  • An officer or an employee of a corporation;
  • A member or employee of a partnership;
  • A corporate director or shareholder or member;
  • A member of a board of trustees of a nonprofit organization, or anyone deemed to be responsible;
  • Other persons with authority and who had control over funds to direct their disbursement;
  • Those who willfully and with full knowledge chose not to pay the payroll tax liability.

 

You’ll know if you are one of these persons because you will receive IRS form 2751 & 1153 indicating a proposed notice of assessment against you. You must respond within the given date to appeal your trust will satisfy assessment. These letters are all time sensitive.

There are various options available. As soon as we review your case we can instantly tell you ways to help resolve your problem.

Being former IRS agents and managers we know every possible solution to remedy this tax debt. We can resolve and possibly reduce your tax obligation.

 

There are various options you have for tax relief: YES!

The basic options include:

1. trust fund appeals, the possibility of an offer in compromise, doubt to liability,

2.hardships, or currently not collectible,

3. payments plan, and

4. the offer in compromise, if you are a qualified and suitable candidate.

5. bankruptcy is another option.

 

The Process of Getting IRS Tax Debt Relief on Trust Fund Tax Debt

 

We need to look to find out if you were truly responsible under 6672 of the IRS code. many time IRS ram rods these penalties to people who truly were not responsible for trust fund taxes.

I’ve work so many cases and being a former IRS agent IRS just tries to set these penalties up against everybody and many people do not have proper representation to fight IRS.

We will carefully review your case to find out if you were truly responsible for the trust fund penalty.

We will conduct a review to find out if there is any way that we can appeal for change the assessment of this trust fund tax.

If we feel we would’ve beat this assessment through the appellate process we can go ahead and file an offer in compromise as to doubt as to liability and appeal this assessment.

If you are responsible for the tax, IRS will take a current financial statement and make a determination based on the collectibility of the tax.

 

How the Internal Revenue Service will work your case if you owe the IRS tax debt.

 

IRS will require a 433A or 433F, an individual financial statement.

Many times the IRS uses 433F, depending were the cases in the system. Cases worked in the ACS system uses shorter version of the financial statement.

If the case is worked in the local office the revenue officer will use form 433.A

That financial statement will need to be fully documented along with bank statements, copies of checks and monthly expenses.

We will walk you through the process of how the IRS will work your case in the collection action that can possibly taken.

Will also review with you the IRS national standards program on all cases for those who owe back taxes.

Once IRS reviews your current financial statement they will make a determination and  generally put you in one of two categories with the option of filing an offer in compromise.

 

IRS Cases are closed by, IRS has the option to:

1.IRS determines on 40% of the cases that taxpayers are put into hardship which means they can’t pay the tax at this time. Sometimes it is called currently not collectible. Cases that are placed at currently not collectible or hardship stay in there for a period of 2 to 3 years and come back out to the field at a later time.

2. 6.5 million people enter monthly payment plans and pay a certain amount based on their current documented financial statement.

Other taxpayers file an offer in compromise to settle their case for pennies on the dollar. The offer in compromise requires a lot of skill and expertise to have accepted by the Internal Revenue Service.

 

What is an offer in compromise? OIC

 

It 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.

Taxpayers who can fully pay the liabilities through an installment agreement or other means, will not be eligible for a OIC in most cases.

In order to be eligible for a OIC, the taxpayer must have filed all tax returns, made all required estimated tax payments for the current year and made all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees.

In most cases, the IRS will not accept a OIC unless the amount offered by a 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.

In addition to property, the RCP also includes anticipated future income less certain amounts allowed for basic living expenses.

The IRS may accept a OIC based on three grounds:

1• First, the IRS can accept a compromise if there is doubt as to liability. A compromise meets this only when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.

2• Second, the IRS can accept a compromise if there is doubt that the amount owed is fully collectible. 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• Third, the IRS can accept a compromise 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.

When submitting a OIC based on doubt as to collectibility or based on effective tax administration, taxpayers must use the most current version of:

1. Form 656, Offer in Compromise, and also submit Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or,

2. Form 433-B (OIC), Collection Information Statement for Businesses. A taxpayer submitting a 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 (OIC) and/or Form 433-B (OIC).

Form 656 and referenced collection information statements are available in the Offer in Compromise Booklet, Form 656-B (PDF).

In general, a taxpayer must submit a $186 application fee with the Form 656. Do not combine this fee with any other tax payments.

 

However, there are two exceptions to this requirement:

• First, 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.

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.

A taxpayer who claims the low-income exception must complete section 4 of Form 656 and check the certification box.

 

Options: Taxpayers may choose to pay the offer amount in a lump sum or in installment payments.

 

A “lump sum cash offer” is defined as an offer payable in 5 or fewer installments within 5 or fewer months after the offer is accepted. If a taxpayer submits a lump sum cash 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 $186 application fee.

The 20 percent payment is “nonrefundable” meaning it will not be returned to the taxpayer even if the offer is rejected or returned to the taxpayer without acceptance.

Instead, the 20 percent payment 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 payment.

An 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 $186 application fee. This amount is nonrefundable, just like the 20 percent payment required for a lump sum cash offer. Also, 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 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.

Upon acceptance of a OIC, the taxpayer may no longer designate offer payments to any specific tax liability covered in the offer agreement.

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.

The offer in compromise requires a lot of skill because reviewed by several layers of Internal Revenue Service. I should know, I am former IRS agent and teaching instructor of the offer in compromise.

When IRS works an offer in compromise the agent working the case as a general rule will spend at least 20 to 30 hours of working time from start to finish on a completed offer.

Call us today for a free initial tax consultation. We are former IRS agents & MANAGERS WHO HAVE WORKED thousands of cases.

IRS Tax Problem Help Services + Owe Payroll Tax Debt + IRS Trust Fund Taxes + Make IRS Payments + Settle Taxes

Florida Sales Tax Audit + Defense, Representation & Owe Sales Tax Debt, Specialists + Former Agents + Hallandale, 33309 + Dania, 33304

 

Fresh Start Tax

 

We are a AFFORDABLE full service tax firm that specializes South Florida Sales Tax Audit Defense and Back Tax Debt for Florida Sales Tax. Local Tax Firm South Florida Firm.

 

We are the affordable Sales Tax Experts in the State of Florida composed of Florida Sales CPA’s and Former Government Agents who specialize in Florida Sales Tax Issues and Problems.

Since 1982, we have been resolving sales tax issues for the state of Florida. Let our years of experience work for you.  We know all the systems, processes, and  settlement formulas.

If you are having any issues, received the letter or notification that you are being audited, it is wise to get a free initial tax consultation so we can walk you through the process and let you know what you are going to experience.

 

It is important that you get an experienced and knowledgeable form to reduce any liability that you may incur. If you owe tax, we will work out a resolution as well.

 

Florida’s Department of Revenue is sending out more enforcement and audit notices than they have in their history.

If you have received a Notice or Letter from the Criminal Division the only person you should be speaking with is a competent and experienced Florida Sales Tax Attorney and no one else.

Only a Florida Sales Tax Attorney can protect you under Attorney-Client Privilege.
There are several steps that you can take to fix your Sales Tax Problem immediately.

After a quick review of your case and audit letter we can let you know exactly the direction that your case will take and give you an accurate and fair indication of what you are looking at. If you’re go back taxes as a result of this we can settle your case is well.

Some information you should know.

 

A Professional and Experienced Firm, A plus Rated BBB.

 

Fresh Start Tax LLC has its main office in Ft. Lauderdale, Florida and the firms staff consists of CPA’S, former IRS agents and former instructors who have worked hand in hand with the Florida’s Sales Tax and the Department of Revenue.

Fresh Start Tax and it’s principles have handled thousands and thousands of cases over the years, both in government service and in their professional practice.

We use a private practice firm for any criminal cases.

Our typical client is one that has not filed or not reported matters involving sales taxes and or IRS related issues.

We handle cases all through the State of Florida.

Our professionals are members of various National Organizations, have been keynote speakers on tax issues and are certified by the Florida Department of Professional Regulation to administer and teach other professionals in their continuing educational programs. We are the professionals professional.

State of Florida sales tax representation includes the following matters with the Florida Department of Revenue:

• Tax audits on any and all sales tax issues and matters,
• Non-filing matters,
• Criminal investigations that are referred to attorneys that best fit your profile,
• Department of Revenue enforcement action or warrant proceedings
• Stipulated time payments,
• Requests for settlements or Compromise

 

The Keys to resolving your Florida Sales Tax Problem

 

There are several keys to make sure your case is resolved timely. These keys are necessary on every case. The Department of Revenue is interested in resolving the cases in their system. The DOR goal is to close cases and get them out of their inventory.

Here are the keys necessary to stop enforcement action on your back taxes.

• Have all your tax returns filed before you call Florida Sales Tax and the Department of Revenue on your back tax issues.

• Be prepared to give the Department of Revenue a financial statement whether you are a hardship candidate, want an installment agreement or want to settle your case.

• Be prepared to give the Department of Revenue all supporting documentation to prove your financial statement.

• Make sure you are current on deposit requirements.

Are you being Audited by Florida DOR, Read Carefully

 

The State of Florida, Department of Revenue audit taxpayers to:

• Enforce Florida tax laws uniformly.
• Deter tax evasion.
• Promote voluntary compliance.
• Educate taxpayers.

As a general rule, the State of Florida Sales Division accepts most tax returns as filed, however they audit some returns to verify accuracy and evaluate compliance.
Florida Sales Tax Audits do not always result in the taxpayer owing additional tax, penalty or interest.

The auditor may adjust a credit carryover or correct distribution without assessing additional tax. The auditor may even determine that a refund is due.

How Are Taxpayers Selected for Audit by the Florida Sales Tax Division

The methods for selecting a business or individual to audit vary from tax to tax.

 

Here are some examples of sources we use to identify a potential audit candidate:

• Internal Revenue Service information.
• Information sharing programs with other states and state agencies.
• Computer-based random selection.
• Analysis of Florida tax return information.
• Business publications, periodicals, journals, and directories.

 

What Types of Records Will I Need to Provide to an Auditor or Inspector?

When we notify you of our intent to audit, we will also tell you what records you will need to provide.

The types of records may include, but are not limited to:

1. General ledgers and journals

2. Cash receipt and disbursement journals

3. Purchase and sales journals

4. Sales tax exemption or resale certificates

5. Florida tax returns

6. Federal tax returns

7. Depreciation schedules

8. Property records

9. Other documentation to verify amounts entered on tax returns

You must keep your records for three years since an audit can extend back that far.

The Department may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.

 

Florida Sales Tax Audit + Defense, Representation & Owe Sales Tax Debt, Specialists + Former Agents + Hallandale, 33309 + Dania, 33304

 

Fix IRS Problems + Back Tax Debt, Tax Levy, Wage Garnishment, Payment Plans, Settlements, Audits + Haven’t Filed Taxes + Hallandale, 33309 + Dania, 33304

 

Fresh Start Tax

We can fix any IRS problem, former LOCAL IRS agents, since 1982, the affordable IRS problem solvers.

We have over 65 years of direct experience as former IRS agents, managers and teaching instructors. Not only were we former supervisors, we were on-the-job instructors that trained new IRS agents their jobs. We worked out of the local Fort Lauderdale and Miami IRS offices.

We know the system inside and out.

We know all the methodologies, settlement theories, protocols, and the most affordable and quickest ways to go ahead and fix your IRS problem.

When you want to fix an IRS problem there is nothing like having former IRS agent experience to get to the heart of the problem and resolve the problem is fast as possible.

If you have back IRS tax debt there are a variety of options that we can explore to go ahead and get the best case settlement on the back tax debt owed.

Generally, cases were back tax debt is owed IRS will require a financial statement to make a determination. Those financial statements will be on 433 f that you can find on our website. The key to success and financial statement is the preparation, the knowledge of what IRS is looking for and the documentation.

IRS will always require that financial statement to be documented and supported along with bank statements, copies of expenses and verification of income. IRS has a national and regional standard test for all expenses.

It is wise to know what the standards and know how IRS will review your case before contacting the Internal Revenue Service. As former IRS agents we can well predict ahead of time how IRS will work your case and put preventative measures in place so no harm is done.

As a general rule, wants IRS reviews your case and two options are available to most taxpayers.

IRS will review your case and put you into a currently non-collectibles status or hardship or a payment agreement.

Over 40% of all cases in which IRS deals with back tax debt wind up in this non-collectible status. The second option is that of a monthly installment payment.

Over 6.5 million taxpayers interest to monthly installment payments which are completely based on your individual financial statements.

If you have received a wage levy garnishment or a bank levy, within 24 hours of receiving your current financial statement we can get your levy or garnishment release and your case close with IRS.

Upon your initial call to us we will review your various options. The call is free and you have nothing to lose.

If you are going an IRS audit there is no one better to represent you that a former IRS agent who was a manager with the audit division.

Call us today for free initial tax consultation we will walk you through the process.

We can fix any IRS problem you have, since 1982 we have been resolving taxpayer issues and work thousands and thousands of cases. stop the worry a day and call true, honest, and affordable professional tax experts.

 

Fix My IRS Problem + Back Tax Debt, Levy, Garnishment, Payment, Settle, Audit + Former IRS + IRS Problem Solvers

 

 

IRS Offer in Compromise + Settle Tax Debt + Reduce Taxes + File Back Tax Returns + Former IRS Hallandale, 33309 + Dania, 33304

 

Fresh Start Tax

 

We are an affordable professional tax firm with over 65 years of direct IRS work experience. Since 1982. Local Experts IRS experts.

 

We worked out of the local South Florida IRS offices. We worked in the audit, collections, and appeals division as well as former IRS teaching instructors.

We know the system inside and out and are some of the most affordable, trustworthy and notable experts in South Florida.

If you want to file an offer in compromise I thought you’d like to know what the statistics are.

Last year over 78,000 offers in compromise were filed by taxpayers and over 38% of those were accepted for average of $6500 per case.

Keep in mind this is a national average in your case is completely dependent on your individual financial statement. Knowing the formulas that IRS uses is the best way to settle your debt for the lowest amount possible.

We will not file for an offer in compromise unless you are a true candidate for the program.

There is an IRS pre-qualifier tool that we review with our clients before we file for the offer in compromise. I find that qualifier tool on our website.

Upon your initial tax consultation we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service. IRS is very tough standards for offers in compromise you must be true candidate.

As a former IRS agent, I was a teaching instructor for the offer in compromise, the IRS tax debt settlement program. Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program

However this program is not for everybody.

Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.

You could hear the truth about the offer in compromise program when you call us.

There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.

 

I know the system inside and out. As a former IRS agent I used to accept and reject offers in compromise.

 

I have heard countless horror stories from taxpayers who called me about firms that have ripped them off promising settlements. There is a very specific system and methodology to get an offer in compromise approved for pennies on the dollar. Last year 38,000 taxpayers had their cases accepted.

 

The question is pennies on the dollar possible to settle tax debt?

Yes, it is as a matter of fact, over 38,000 taxpayers got their debt settled with the Internal Revenue Service for average settlement of $6500 last year. There were a total of 78,000 applications for the pennies on the dollar, offer in compromise program last year.

With that being said there is much to say about this pennies on the dollar program called the offer in compromise.

At our firm we will take no clients money until we are no they are a true candidate for the settlement program.

There are many myths about the offer in compromise so IRS and in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlements.

I would suggest anyone who wants to go ahead and settle their tax debt through the pennies on the dollar, offer in compromise program contact an experienced an honest tax professional, have them walk them through the pre-qualifier tool before they give their money to anybody.

If you have any questions or issues about the offer in compromise program to settle your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.

The IRS spends a lot of due diligence before they accept an offer in compromise. It is possible for the IRS to spend over 20 hours working an offer in compromise.

On cases over $100,000 it is typical they will check your credit report for the accuracy of your financial statement. The higher the dollar case the greater the due diligence.

Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.

The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.

Right now there are over 7500 cases in the offer queue to be worked. The average offer takes about nine months to work.

We are a full-service firm with an expertise in any IRS tax debt matter including offering compromise.

One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.

One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.

Below you will find out what you need to know about the offer in compromise program.

 

Offers

• Lump Sum Cash Payment:

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.

 

Understand the process of OIC

 

While your offer is being evaluated:

• 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);

• A Notice of Federal Tax Lien may be filed;

• Other collection activities are suspended;

• The legal assessment and collection period is extended;

• Make all required payments associated with your offer;

• You are not required to make payments on an existing installment agreement; and

• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.

Call us today for free initial tax consultation to see if you are a certified an eligible candidate for the offer in compromise program.

 

 

IRS Offer in Compromise + Settle Tax Debt + Reduce Taxes + File Back Tax Returns + Former IRS Hallandale, 33309 + Dania, 33304