by Fresh Start Tax | Jan 31, 2018 | Tax Help
If you are looking to speak to a former IRS agent and teaching instructors , call us today. We can answer any questions that you have. 1-866-700-1040
We have been in private practice since 1982 and have over 100 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.
We are true Experts and can help with almost all your needs in regarding to IRS tax problems.
Former IRS Agent, Michael D. Sullivan
I have worked thousands of cases since 1982 and am a true expert in the IRS. Just let me know how I can help you.
I offer a variety of tax services and can help you dispose of any IRS tax problem or situation that you have.
He had a distinguished career with the Internal Revenue Service for 10 years. As a veteran IRS Revenue Officer / Agent, he served as an Offer in Compromise Tax Specialists and Large Dollar Case Specialists. He also collaborated with the U.S. Attorney’s office on undercover operations. Michael received several awards for his work and dedication as a IRS Agent.
During his tenure with the IRS, he was a Certified Tax Instructor who taught out of the Atlanta Regional IRS Training Offices. He also taught out of the local and district offices of the IRS. Mr. Sullivan trained many of the new IRS Agents.
Michael has been in private practice for the last 35 years in the field of Taxpayer Consultation for IRS Audit and Collection tax resolution issues. He often will with corporate and individuals, which involves a wide range of tax issues.
Michael has worked many large complex cases for high net worth individuals and large corporate. Mr. Sullivan is a committed professional with dedicated involvement in the tax profession community as a frequent speaker on the South Florida circuit and also served as an officer and on the Board of the Greater South Florida Tax Council.
Michael has been the program host and moderator for several Internal Revenue Service forums both in the public and professional sectors.
Mr. Sullivan also teaches courses for Attorneys, Lawyers, and CPA’s for continuing education.
For Attorneys and Lawyers, Course number 1708462N to the members who have completed “IRS Tax Resolution”. Florida Bar members can report their CLE credits online at www.floridabar.org.
CPA CE Provider application 1769 and your CPA CE Course application were both approved on 11/28/2017. Your provider number is PVD990 and your course number is CRS22227.
Mr. Sullivan has been a featured speaker in the credit card industry, student loan and the debt settlement vertical as well. He also was one of the featured speakers at the Latino Tax Fest which also featured Nina Olsen, Nation Taxpayer Advocate.
Mr. Sullivan has also appeared on FOX BUSINESS NEWS
http://video.foxbusiness.com/v/4147654259001/tips-for-getting-through-to-the-irs/?#sp=show-clips
Michael graduated from St. Thomas University with a B.A. in Pre-Law. He also has attended Knox Theological Seminary.
Mr. Sullivan has obtain a Life Time Achievement Award for Little League Baseball and currently sits on the International Board for the Walk to Emmaus. Michael also is a proud member of the Life Work Leadership program.
Michael D. Sullivan – Former IRS Agent, Revenue Officer + Former IRS Agent 1-866-700-1040
Check out our website and you can learn more about our other IRS agents, managers and teaching instructors .
by Fresh Start Tax | Jan 31, 2018 | Tax Help
Solve Your IRS Tax Problems, Hear the Truth from Former IRS agents, 1-866-700-1040
WE KNOW ALL THE OPTIONS. LET OUR EXPERIENCE BE YOUR BEST FRIEND!!!!!
We have money back guarantees and are true industry Experts for the very best settlement s and examinations . Come by the visit us today.
We have over 100 years of direct working experience with the IRS.
It only makes sense that former IRS agents managers and teaching instructors know every possible option to solve your IRS problem.
Not only do we know the system but we taught the system.
We know every possible solution and can provide every possible remedy to get you the best result possible.
You will never speak to the Internal Revenue Service.
The first step to lower stress and lower debt is to contact former IRS agents who know the system.
If you owe $15,000 or more in taxes, or you have on Unfiled tax returns, you need to hear about the IRS programs available to you.
6.5 million Americans are falling in tax debt every year and the other countless million who have not filed their yearly tax returns.
If you are one of them, you understand about the stress and frustration of having to deal with the IRS.
The IRS can hold on to your refund, take a chunk of your pay, put a federal tax levy or garnishment on your bank account, seize and sell your property and revoke your passport.
IRS also can take 15% of your Social Security check, a benefit that’s off-limits to private creditors.
The Internal Revenue Service is the largest and most vicious tax collection agency in the world. But you do not have to worry about them we how to control the beast because of our years of experience.
If you know the system you will found the IRS actually working with you not against you.
There are tax relief programs available.
A simple call the to our office and speak directly to a tax professional can assure you that this process is not as nearly as complicated as you think.
Why does the Internal Revenue Service want to settle your tax debt for pennies on the dollar?
1.IRS resources are constrained.
Five years of budget cuts by Congress has limited the IRS’ ability to enforce its own laws. The IRS budget has been reduced by $1.2 billion since 2010 despite having 12.8 million more tax returns to process.
Since 2010, the IRS has laid off 17,000 workers, which explains why, in 2015, the IRS only Audited 0.7% of all tax returns. Actually, we have a former IRS agent who recently retired and can go through a litany of other reasons why IRS would settle your tax debt.
Just know this is in the best interest of the government to do so.
Congress looks at IRS numbers at the end of every year and many times budgets of the Treasury department based on the collection statistics from the Internal Revenue Service.
2. You may have heard that the IRS only has 10 years to collect taxes.
These time restrictions put a lot of pressure on already overworked IRS agents.
Also it is called return on investment. The IRS wants to collect something on a debt that they may never be able to collect.
You will get you the best deal possible whether it’s our firm or another firm always go with former IRS agents.
IRS tax relief programs help taxpayers by reducing the amount they owe, giving them more time to pay, or a combination of both. It’s a win-win for the IRS and taxpayers.
What type of tax relief examinations are there?
There are several tax relief programs taxpayers can apply for, but only three that offer debt forgiveness:
1. The Offer in Compromise program,
2. The Partial Pay installment Agreement program,
3. The Currently non-collectible, hardship.
Your current financial statement on form 433A or 433F will determine how IRS will closer settle your case.
The Offer in Compromise Program, IRS Tax DEBT SETTLEMENT
An offer in compromise is a settlement where the IRS accepts less that the total debt amount in exchange for a lump sum or up to two years of monthly payments.
As far as debt forgiveness goes, offers in compromise are usually the best deal available to taxpayers.
The problem is it’s not easy to meet IRS eligibility criteria.
There is also a pre-qualifier program to make sure you are eligible for settlement .
I was a former IRS agent who taught the offer in compromise program to new agents. I am one of the nation’s leading Experts in the offer in compromise.
However, since 2010, the IRS has relaxed its standards through the fresh start initiative.
In 2015, the IRS accepted 40.3% of all offers in compromise for an average settlement of $9000 a case.
The acceptance rate is even higher for taxpayers who hire a tax relief company. It’s common for tax relief firms to maintain acceptance rates of over 85%.
Partial Pay or monthly payments installment Agreement
The Partial Pay installment Agreement does not get much attention and publicity, but it often has even better terms that offers in compromise.
40% of all open IRS cases are issue in payment agreement status but sadly over 50% of taxpayers cannot keep up their payments.
A Partial Pay installment Agreement is similar to an Offer in Compromise in that the IRS forgives part of your debt, but it has longer repayment terms: typically, 36 to 72 months.
Partial Pay installment Agreements are easier and faster to qualify for and you don’t have to provide as much financial information.
However if your debt is over $50,000 IRS will require a complete documented financial statements.
The Hardship Program, Currently Non collectible. 40% of open collection cases are put in this classification.
The hardship program simply means you do not have the currently the means to deal with Internal Revenue Service.
After the Internal Revenue Service reviews your current financial statement and based on the national, local, and geographical standards, IRS will find that you are upside down in issue you in a currently non-collectible status.
What that means is that IRS puts a freeze on your case for two or three years and will look at the situation later.
Many times a taxpayer stays in this uncollectible status for several years and at some point in time the statute of limitation may run out, contact us for more details.
Do you have Unfiled tax returns?
Very Important issue with the IRS
If you have on file tax returns the Internal Revenue Service, they will insist on you bringing all tax years current or they will not deal with you, as matter of fact, they may go ahead and enforce collections to make sure you are in full compliance.
As soon as the IRS contacts you they will pull a summary of the last six years of your compliance history.
If you have Unfiled tax returns we can prepare your returns with or without records to bring you in full compliance of internal revenue standards and ensure that you pay the lowest amount of tax allowed by law.
What to look for when hiring a IRS tax relief firm?
Only hire IRS tax relief firms that have:
1. Attorneys , CPA’s and Enrolled Agents on staff,
2. Offer flexible payment examinations,
3. Licensed to act as a power of attorney,
4. Always check the Better Business Bureau for active complaints.
Not sure which company to hire?
Get a free consultation with a tax relief firm that meets e requirements.
The consultation is free and there is no obligation to hire.
At the very least you’ll know what tax relief programs you qualify for.
Solve Your Tax Problems with FST.
Get a free consultation with a top tax expert, find out if you qualify for an IRS settlement , payment agreement or IRS hardship.
Solve Your IRS Tax Problems, Hear the Truth from Former IRS Agents
by Fresh Start Tax | Jan 31, 2018 | Tax Help
Solve Your IRS Tax Problems, Hear the Truth from Former IRS agents, a local tax firm of IRS Experts. 954-492-0088
WE KNOW ALL THE OPTIONS. LET OUR EXPERIENCE BE YOUR BEST FRIEND!!!!!
We have money back guarantees and are true industry Experts for the very best settlement s and examinations . Come by the visit us today.
We have over 100 years of direct working experience with the IRS.
We know every possible solution and can provide every possible remedy to get you the best result possible.
We are a local South Florida Tax Firm.
We worked as former IRS agents, managers, and tax supervisors in the local IRS offices.
You will never speak to the Internal Revenue Service.
The first step to lower stress and lower debt is to contact former IRS agents who know the system.
If you owe $15,000 or more in taxes, or you have on Unfiled tax returns, you need to hear about the IRS programs available to you.
6.5 million Americans are falling in tax debt every year and the other countless million who have not filed their yearly tax returns.
If you are one of them, you understand about the stress and frustration of having to deal with the IRS.
The IRS can hold on to your refund, take a chunk of your pay, put a federal tax levy or garnishment on your bank account, seize and sell your property and revoke your passport.
IRS also can take 15% of your Social Security check, a benefit that’s off-limits to private creditors.
The Internal Revenue Service is the largest and most vicious tax collection agency in the world. But you do not have to worry about them we how to control the beast because of our years of experience.
If you know the system you will found the IRS actually working with you not against you.
There are tax relief programs available.
A simple call the to our office and speak directly to a tax professional can assure you that this process is not as nearly as complicated as you think.
Why does the Internal Revenue Service want to settle your tax debt for pennies on the dollar?
1.IRS resources are constrained.
Five years of budget cuts by Congress has limited the IRS’ ability to enforce its own laws. The IRS budget has been reduced by $1.2 billion since 2010 despite having 12.8 million more tax returns to process.
Since 2010, the IRS has laid off 17,000 workers, which explains why, in 2015, the IRS only Audited 0.7% of all tax returns. Actually, we have a former IRS agent who recently retired and can go through a litany of other reasons why IRS would settle your tax debt.
Just know this is in the best interest of the government to do so.
Congress looks at IRS numbers at the end of every year and many times budgets of the Treasury department based on the collection statistics from the Internal Revenue Service.
2. You may have heard that the IRS only has 10 years to collect taxes.
These time restrictions put a lot of pressure on already overworked IRS agents.
Also it is called return on investment. The IRS wants to collect something on a debt that they may never be able to collect.
You will get you the best deal possible whether it’s our firm or another firm always go with former IRS agents.
IRS tax relief programs help taxpayers by reducing the amount they owe, giving them more time to pay, or a combination of both. It’s a win-win for the IRS and taxpayers.
What type of tax relief examinations are there?
There are several tax relief programs taxpayers can apply for, but only three that offer debt forgiveness:
1. The Offer in Compromise program,
2. The Partial Pay installment Agreement program,
3. The Currently non-collectible, hardship.
Your current financial statement on form 433A or 433F will determine how IRS will closer settle your case.
The Offer in Compromise Program, IRS DEBT SETTLEMENT
An offer in compromise is a settlement where the IRS accepts less that the total debt amount in exchange for a lump sum or up to two years of monthly payments.
As far as debt forgiveness goes, offers in compromise are usually the best deal available to taxpayers.
The problem is it’s not easy to meet IRS eligibility criteria. There is also a pre-qualifier program to make sure you are eligible for settlement .
I was a former IRS agent who taught the offer in compromise program to new agents. I am one of the nation’s leading Experts in the offer in compromise.
However, since 2010, the IRS has relaxed its standards through the fresh start initiative.
In 2015, the IRS accepted 40.3% of all offers in compromise for an average settlement of $9000 a case.
The acceptance rate is even higher for taxpayers who hire a tax relief company. It’s common for tax relief firms to maintain acceptance rates of over 85%.
Partial Pay or monthly payments installment Agreement
The Partial Pay installment Agreement does not get much attention and publicity, but it often has even better terms that offers in compromise.
40% of all open IRS cases are issue in payment agreement status but sadly over 50% of taxpayers cannot keep up their payments.
A Partial Pay installment Agreement is similar to an Offer in Compromise in that the IRS forgives part of your debt, but it has longer repayment terms: typically, 36 to 72 months.
Partial Pay installment Agreements are easier and faster to qualify for and you don’t have to provide as much financial information.
However if your debt is over $50,000 IRS will require a complete documented financial statements.
The Hardship Program, Currently Non collectible. 40% of open collection cases are put in this classification.
The hardship program simply means you do not have the currently the means to deal with Internal Revenue Service.
After the Internal Revenue Service reviews your current financial statement and based on the national, local, and geographical standards, IRS will find that you are upside down in issue you in a currently non-collectible status.
What that means is that IRS puts a freeze on your case for two or three years and will look at the situation later.
Many times a taxpayer stays in this uncollectible status for several years and at some point in time the statute of limitation may run out, contact us for more details.
Do you have Unfiled tax returns?
Very Important issue with the IRS
You Must have all tax return filed.
If you have on file tax returns the Internal Revenue Service, they will insist on you bringing all tax years current or they will not deal with you, as matter of fact, they may go ahead and enforce collections to make sure you are in full compliance.
As soon as the IRS contacts you they will pull a summary of the last six years of your compliance history.
If you have Unfiled tax returns we can prepare your returns with or without records to bring you in full compliance of internal revenue standards and ensure that you pay the lowest amount of tax allowed by law.
What to look for when hiring a tax relief firm?
Only hire IRS tax relief firms that have:
1. Attorneys , CPA’s and Enrolled Agents on staff,
2. Offer flexible payment examinations,
3. Licensed to act as a power of attorney,
4. Always check the Better Business Bureau for active complaints.
Not sure which company to hire?
Get a free consultation with a tax relief firm that meets e requirements.
The consultation is free and there is no obligation to hire.
At the very least you’ll know what tax relief programs you qualify for.
Solve Your Tax Problems with FST.
Get a free consultation with a top tax expert, find out if you qualify for an IRS settlement , payment agreement or IRS hardship.
We are a local tax firm, 954-492-0088
Solve Your IRS PROBLEM + Hear the Truth About IRS Settlement Options + Ft. Ft. Lauderdale, Miami, Palm Beaches, Boca Raton
by Fresh Start Tax | Jan 31, 2018 | Tax Help
IRS Tax Problems and IRS Tax Resolution Services, Christian Tax Service Firm <>< 1-866-700-1040
Proverbs 12:15
The way of a fool is right in his own eyes, but a wise man listens to advice.
Proverbs 11:14
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Proverbs 15:22
Without counsel plans fail, but with many advisers they succeed.
WE KNOW ALL THE OPTIONS. LET OUR EXPERIENCE BE YOUR BEST FRIEND!!!!!
We have money back guarantees and are Experts for the very best settlement s and examinations.
We have over 100 years of direct working experience with the IRS. We know every possible solution and can provide every possible remedy to get you the best result possible.
We are a local South Florida Tax Firm. We worked as former IRS agents, managers, and tax supervisors in the local IRS offices.
Let our years of experience be your best friend to get you the results that you need.
You will never speak to the Internal Revenue Service.
The first step to lower stress and lower debt is to contact former IRS agents who know the system.
If you owe $15,000 or more in taxes, or you have on Unfiled tax returns, you need to hear about the IRS programs available to you.
6.5 million Americans are falling in tax debt every year and the other countless million who have not filed their yearly tax returns.
If you are one of them, you understand about the stress and frustration of having to deal with the IRS.
The IRS can hold on to your refund, take a chunk of your pay, put a federal tax levy or garnishment on your bank account, seize and sell your property and revoke your passport.
IRS also can take 15% of your Social Security check, a benefit that’s off-limits to private creditors.
The Internal Revenue Service is the largest and most vicious tax collection agency in the world. But you do not have to worry about them we how to control the beast because of our years of experience.
If you know the system you will found the IRS actually working with you not against you.
There are tax relief programs available.
A simple call the to our office and speak directly to a tax professional can assure you that this process is not as nearly as complicated as you think.
Why does the Internal Revenue Service want to settle your tax debt for pennies on the dollar?
1.IRS resources are constrained.
Five years of budget cuts by Congress has limited the IRS’ ability to enforce its own laws. The IRS budget has been reduced by $1.2 billion since 2010 despite having 12.8 million more tax returns to process.
Since 2010, the IRS has laid off 17,000 workers, which explains why, in 2015, the IRS only Audited 0.7% of all tax returns. Actually, we have a former IRS agent who recently retired and can go through a litany of other reasons why IRS would settle your tax debt.
Just know this is in the best interest of the government to do so.
Congress looks at IRS numbers at the end of every year and many times budgets of the Treasury department based on the collection statistics from the Internal Revenue Service.
2. You may have heard that the IRS only has 10 years to collect taxes.
These time restrictions put a lot of pressure on already overworked IRS agents.
Also it is called return on investment. The IRS wants to collect something on a debt that they may never be able to collect.
You will get you the best deal possible whether it’s our firm or another firm always go with former IRS agents.
IRS tax relief programs help taxpayers by reducing the amount they owe, giving them more time to pay, or a combination of both. It’s a win-win for the IRS and taxpayers.
What type of tax relief examinations are there?
There are several tax relief programs taxpayers can apply for, but only three that offer debt forgiveness:
1. The Offer in Compromise program,
2. The Partial Pay installment Agreement program,
3. The Currently non-collectible, hardship.
Your current financial statement on form 433A or 433F will determine how IRS will closer settle your case.
The Offer in Compromise Program, IRS DEBT SETTLEMENT
An offer in compromise is a settlement where the IRS accepts less that the total debt amount in exchange for a lump sum or up to two years of monthly payments.
As far as debt forgiveness goes, offers in compromise are usually the best deal available to taxpayers.
The problem is it’s not easy to meet IRS eligibility criteria. There is also a pre-qualifier program to make sure you are eligible for settlement .
I was a former IRS agent who taught the offer in compromise program to new agents. I am one of the nation’s leading Experts in the offer in compromise.
However, since 2010, the IRS has relaxed its standards through the fresh start initiative.
In 2015, the IRS accepted 40.3% of all offers in compromise for an average settlement of $9000 a case.
The acceptance rate is even higher for taxpayers who hire a tax relief company. It’s common for tax relief firms to maintain acceptance rates of over 85%.
Partial Pay or monthly payments installment Agreement
The Partial Pay installment Agreement does not get much attention and publicity, but it often has even better terms that offers in compromise.
40% of all open IRS cases are issue in payment agreement status but sadly over 50% of taxpayers cannot keep up their payments.
A Partial Pay installment Agreement is similar to an Offer in Compromise in that the IRS forgives part of your debt, but it has longer repayment terms: typically, 36 to 72 months.
Partial Pay installment Agreements are easier and faster to qualify for and you don’t have to provide as much financial information.
However if your debt is over $50,000 IRS will require a complete documented financial statements.
The Hardship Program, Currently Non collectible. 40% of open collection cases are put in this classification.
The hardship program simply means you do not have the currently the means to deal with Internal Revenue Service.
After the Internal Revenue Service reviews your current financial statement and based on the national, local, and geographical standards, IRS will find that you are upside down in issue you in a currently non-collectible status.
What that means is that IRS puts a freeze on your case for two or three years and will look at the situation later.
Many times a taxpayer stays in this uncollectible status for several years and at some point in time the statute of limitation may run out, contact us for more details.
Do you have Unfiled tax returns? Very Important issue with the IRS
You Must have all tax return filed.
If you have on file tax returns the Internal Revenue Service, they will insist on you bringing all tax years current or they will not deal with you, as matter of fact, they may go ahead and enforce collections to make sure you are in full compliance.
As soon as the IRS contacts you they will pull a summary of the last six years of your compliance history.
If you have Unfiled tax returns we can prepare your returns with or without records to bring you in full compliance of internal revenue standards and ensure that you pay the lowest amount of tax allowed by law.
What to look for when hiring a tax relief firm?
Only hire IRS tax relief firms that have:
1. Attorneys , CPA’s and Enrolled Agents on staff,
2. Offer flexible payment examinations,
3. Licensed to act as a power of attorney,
4. Always check the Better Business Bureau for active complaints.
Not sure which company to hire?
Get a free consultation with a tax relief firm that meets e requirements.
The consultation is free and there is no obligation to hire.
At the very least you’ll know what tax relief programs you qualify for.
Solve Your Tax Problems with FST.
Get a free consultation with a top tax expert, find out if you qualify for an IRS settlement , payment agreement or IRS hardship.
Call a Christian tax services firm. 1-866-700-1040 <><
by Fresh Start Tax | Jan 31, 2018 | Tax Help
IRS Tax Problems and IRS Tax Resolution Services, a local tax firm of IRS Experts. 954-492-0088
WE KNOW ALL THE OPTIONS. LET OUR EXPERIENCE BE YOUR BEST FRIEND!!!!!
We have money back guarantees and are true industry Experts for the very best settlement s and examinations.
We have over 100 years of direct working experience with the IRS. We know every possible solution and can provide every possible remedy to get you the best result possible.
We are a local South Florida Tax Firm. We worked as former IRS agents, managers, and tax supervisors in the local IRS offices.
Let our years of experience be your best friend to get you the results that you need.
You will never speak to the Internal Revenue Service.
The first step to lower stress and lower debt is to contact former IRS agents who know the system.
If you owe $15,000 or more in taxes, or you have on Unfiled tax returns, you need to hear about the IRS programs available to you.
6.5 million Americans are falling in tax debt every year and the other countless million who have not filed their yearly tax returns.
If you are one of them, you understand about the stress and frustration of having to deal with the IRS.
The IRS can hold on to your refund, take a chunk of your pay, put a federal tax levy or garnishment on your bank account, seize and sell your property and revoke your passport.
IRS also can take 15% of your Social Security check, a benefit that’s off-limits to private creditors.
The Internal Revenue Service is the largest and most vicious tax collection agency in the world. But you do not have to worry about them we how to control the beast because of our years of experience.
If you know the system you will found the IRS actually working with you not against you.
There are tax relief programs available.
A simple call the to our office and speak directly to a tax professional can assure you that this process is not as nearly as complicated as you think.
Why does the Internal Revenue Service want to settle your tax debt for pennies on the dollar?
1.IRS resources are constrained.
Five years of budget cuts by Congress has limited the IRS’ ability to enforce its own laws. The IRS budget has been reduced by $1.2 billion since 2010 despite having 12.8 million more tax returns to process.
Since 2010, the IRS has laid off 17,000 workers, which explains why, in 2015, the IRS only Audited 0.7% of all tax returns. Actually, we have a former IRS agent who recently retired and can go through a litany of other reasons why IRS would settle your tax debt.
Just know this is in the best interest of the government to do so.
Congress looks at IRS numbers at the end of every year and many times budgets of the Treasury department based on the collection statistics from the Internal Revenue Service.
2. You may have heard that the IRS only has 10 years to collect taxes.
These time restrictions put a lot of pressure on already overworked IRS agents.
Also it is called return on investment. The IRS wants to collect something on a debt that they may never be able to collect.
You will get you the best deal possible whether it’s our firm or another firm always go with former IRS agents.
IRS tax relief programs help taxpayers by reducing the amount they owe, giving them more time to pay, or a combination of both. It’s a win-win for the IRS and taxpayers.
What type of tax relief examinations are there?
There are several tax relief programs taxpayers can apply for, but only three that offer debt forgiveness:
1. The Offer in Compromise program,
2. The Partial Pay installment Agreement program,
3. The Currently non-collectible, hardship.
Your current financial statement on form 433A or 433F will determine how IRS will closer settle your case.
The Offer in Compromise Program, IRS DEBT SETTLEMENT
An offer in compromise is a settlement where the IRS accepts less that the total debt amount in exchange for a lump sum or up to two years of monthly payments.
As far as debt forgiveness goes, offers in compromise are usually the best deal available to taxpayers.
The problem is it’s not easy to meet IRS eligibility criteria. There is also a pre-qualifier program to make sure you are eligible for settlement .
I was a former IRS agent who taught the offer in compromise program to new agents. I am one of the nation’s leading Experts in the offer in compromise.
However, since 2010, the IRS has relaxed its standards through the fresh start initiative.
In 2015, the IRS accepted 40.3% of all offers in compromise for an average settlement of $9000 a case.
The acceptance rate is even higher for taxpayers who hire a tax relief company. It’s common for tax relief firms to maintain acceptance rates of over 85%.
Partial Pay or monthly payments installment Agreement
The Partial Pay installment Agreement does not get much attention and publicity, but it often has even better terms that offers in compromise.
40% of all open IRS cases are issue in payment agreement status but sadly over 50% of taxpayers cannot keep up their payments.
A Partial Pay installment Agreement is similar to an Offer in Compromise in that the IRS forgives part of your debt, but it has longer repayment terms: typically, 36 to 72 months.
Partial Pay installment Agreements are easier and faster to qualify for and you don’t have to provide as much financial information.
However if your debt is over $50,000 IRS will require a complete documented financial statements.
The Hardship Program, Currently Non collectible. 40% of open collection cases are put in this classification.
The hardship program simply means you do not have the currently the means to deal with Internal Revenue Service.
After the Internal Revenue Service reviews your current financial statement and based on the national, local, and geographical standards, IRS will find that you are upside down in issue you in a currently non-collectible status.
What that means is that IRS puts a freeze on your case for two or three years and will look at the situation later.
Many times a taxpayer stays in this uncollectible status for several years and at some point in time the statute of limitation may run out, contact us for more details.
Do you have Unfiled tax returns?
Very Important issue with the IRS
You Must have all tax return filed.
If you have on file tax returns the Internal Revenue Service, they will insist on you bringing all tax years current or they will not deal with you, as matter of fact, they may go ahead and enforce collections to make sure you are in full compliance.
As soon as the IRS contacts you they will pull a summary of the last six years of your compliance history.
If you have Unfiled tax returns we can prepare your returns with or without records to bring you in full compliance of internal revenue standards and ensure that you pay the lowest amount of tax allowed by law.
What to look for when hiring a tax relief firm?
Only hire IRS tax relief firms that have:
1. Attorneys , CPA’s and Enrolled Agents on staff,
2. Offer flexible payment examinations,
3. Licensed to act as a power of attorney,
4. Always check the Better Business Bureau for active complaints.
Not sure which company to hire?
Get a free consultation with a tax relief firm that meets e requirements.
The consultation is free and there is no obligation to hire.
At the very least you’ll know what tax relief programs you qualify for.
Solve Your Tax Problems with FST.
Get a free consultation with a top tax expert, find out if you qualify for an IRS settlement , payment agreement or IRS hardship.We are a local tax firm, 954-492-0088
