The IRS Trust Fund Penalty, Speak to IRS Expert, Appeals and Trust Fund Defense

Fresh Start Tax

I am a former IRS agent and teaching instructors with the Internal Revenue Service collection division, I am a true expert for the Trust Fund Tax, avoid and defend yourself.

 

As a former revenue officer and I taught tax law regarding the TRUST FUND TAX to new employees with the simple review of your case I will be able to give you a full evaluation to let you know how to defend yourself against the IRS trust fund recovery penalty.

There are no two cases the same so it is important to understand the fact pattern before one files an appeal for the trust fund case.

The revenue officer who will be making this determination will spend a number of hours before making a determination for who is responsible for this penalty.

It is extremely important to get the best tax advice events possible.

Call me today for a free initial tax consultation.

As a former IRS agent I would set up the trust fund penalty against responsible persons who were held liable for this tax.

I also set up hundreds upon hundreds of trust fund penalties against responsible persons and know the system inside and out.

I also know all the best tax defense strategies to use.

The IRS Form 4180

It is very important to know that one of the main forms used by revenue officers is form 4180.

The Internal Revenue Service asks the revenue officer to have a sit down meeting with any persons that will be completing this form.

As a former revenue officer, I would urge any persons who has to fill this form out to be represented so you can have the best possible tax defense.

There are many set up questions on this form.

The revenue officer tries to take this 4180 statement from as many persons that were involved with the company so as to make a clear determination as to who was truly responsible. The revenue officer uses a variety of sources to confirm that this statement is true and correct.

The revenue officer looks at bank signatures cards, copies of cancelled checks, at corporate resolutions, at loan documents, at those who sign leases or sign key documents involving day-to-day business of the company.

Another Instructors IRS will look for:

1. IRS will look for who determined the financial policy for the business,

2. who authorized payments or bills to other creditors,

3. who opened & closed bank accounts,

4. who guaranteed loans,

5. who authorize payroll,

6. who authorized federal tax deposits,

7. who prepared and review and sign payroll tax returns,

8. who had the right to hire or fire.

At the end of the day IRS looks at where the ax falls based on the flags raised on those who had authority and control. There is not just one factor but a number of instructors and a experienced revenue officer can get to the bottom of this real quick but keep in mind there are many tax defenses that one can raise to file an appeal against this assessment.

Also keep in mind that if this taxes assessed against you  can always file an offer in compromise doubt as to liability and ask IRS them to reopen the case.

There are many other documents that IRS will look at e are just a few.

It is not hard to determine who is responsible for the trust fund, the bottom line is, follow the money, follow decisions, follow who was really in charge.

If you need any help or need an initial consultation call me today and I can walk you through the process of the trust fund tax.

 

Why this tax is so deadly????

Many persons have no idea that if their payroll taxes are not paid that they can be held personally responsible for the tax debt, that is, the so-called trust fund taxes.

The article below will go into detail what those trust fund taxes are and the computations of assessment.

If IRS sets up the trust fund penalty against responsible persons or employees it can impose their true enforcement action including seizure, garnishments, bank levies, tax liens  against any and all assets.

Our firm, fresh start tax is your best tax defense for the trust fund tax, appeals or collection defense.

 

What is the Trust Fund Tax ?

A trust fund tax is money withheld from an employee’s wages (income tax, social security, and Medicare taxes) by an employer and held in trust until paid to the Treasury.

When you pay your employees, you do not pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks. The income tax and employees’ share of FICA (social security and Medicare) that you withhold from your employees’ paychecks are part of their wages you pay to the Treasury instead of to your employees.

Your employees trust that you pay the withholding to the Treasury by making Federal Tax Deposits (PDF). That is why they are called trust fund taxes.

Through this withholding, your employees pay their Contributions toward retirement benefits (social security and Medicare) and the income taxes reported on their tax returns. Your employees’ trust fund taxes, along with your matching share of FICA, are paid to the Treasury through the Federal Tax Deposit system.

The withheld part of e taxes is your employees’ money, and the matching portion is their retirement benefit. For additional information, refer to Employment Taxes and the Trust Fund Recovery Penalty (TFRP).

Employment tax deposits are a current expense. Postponing paying them is not the same as making a late payment on your phone bill or to a supplier. Congress has established large penalties for delays in turning over your employment taxes to the Treasury. The longer it takes to pay that money, the more it will cost you.

 

Who Can Be Responsible for the TFRP

The TFRP may be assessed against any person who:

Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
Willfully fails to collect or pay them.

A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes

This person may be:

An officer or an employee of a corporation,
A member or employee of a partnership,
A corporate director or shareholder,
A member of a board of trustees of a nonprofit organization,
Another person with authority and control over funds to direct their disbursement,
Another corporation or third party payer,
Payroll Service Providers (PSP) or responsible parties within a PSP
professional Employer Organizations (PEO) or responsible parties within a PEO, or
Responsible parties within the common law employer (client of PSP/PEO).

For willfulness to exist, the responsible person:

Must have been, or should have been, aware of the outstand ing taxes and
Either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).

Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of willfulness.

You may be asked to complete an interview in order to determine the full scope of your duties and responsibilities.

Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.

An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather that to determine which creditors would or would not be paid.

Figuring the TFRP Amount

The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:

The unpaid income taxes withheld, plus
The employee’s portion of the withheld FICA taxes.

For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.

Assessing the TFRP

If we determine that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you. You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal. The letter will explain your appeal rights.

Caution
Once we assert the penalty, we can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action.

Have a question about trust fund taxes, call us today for a free initial tax consultation and speak to a true IRS tax expert.1-866-700-1040

IRS Trust Fund Recovery Penalty: What IS IT, Defend Yourself * Former IRS Agent

Fresh Start Tax

 

I am a former IRS agent and teaching instructors with the Internal Revenue Service collection division, I am a true expert for the Trust Fund Tax, avoid and DEFEND yourself.

 

As a former revenue officer and I taught tax law regarding the TRUST FUND TAX to new employees with the simple review of your case

I will be able to give you a full evaluation to let you know how to defend yourself against the IRS trust fund recovery penalty.

There are no two cases the same so it is important to understand the fact pattern before one files an appeal for the trust fund case.

The revenue officer  who will be making this determination will spend a number of hours before making a determination as to who is responsible for this penalty.

It is extremely important to get the best tax advice  possible.

 Call me today for a free initial tax consultation.

As a former IRS agent I would set up the trust fund penalty against responsible persons who were held liable for this tax. I know this program inside out. I also set up hundreds upon hundreds of trust fund penalties against responsible persons and know the system inside and out. I also know all the best tax defense strategies to use.

It is very important to know that one of the main forms used by revenue officers is form 4180.

 

The Internal Revenue Service asks the revenue officer to have a sit down meeting with any persons that will be completing this form.

As a former revenue officer, I would urge any persons who has to fill this form out to be represented so you can have the best possible tax defense.

There are many set up questions on this form.

The revenue officer tries to take this 4180 statement from as many persons that were involved with the company so as to make a clear determination as to who was truly responsible. The revenue officer uses a variety of sources to confirm that this statement is true and correct.

The revenue officer looks at bank signatures cards, copies of cancelled checks, at corporate resolutions,  at loan documents, at those who  sign leases or sign key documents involving day-to-day business of the company.

There are many other documents that IRS will look at e are just a few.

It is not hard to determine who is responsible for the trust fund tax, the bottom line is, follow the money, follow decisions, follow who was really in charge.

If you need any help or need an initial consultation call me today and I can walk you through the process of the trust fund tax.

 Why this tax is so deadly

Many persons have no idea that if their payroll taxes are not paid that they can be held personally responsible for the tax debt, that is, the so-called trust fund taxes.

The article below will go into detail what those trust fund taxes are and the computations of assessment.

If IRS sets up the trust fund penalty against responsible persons or employees it can impose their true enforcement action including seizure, garnishments, bank levies against any and all assets.

Our firm a fresh start tax is your best tax defense for the trust fund tax, appeals or collection defense.

 

What is the Trust Fund Tax ?

A trust fund tax is money withheld from an employee’s wages (income tax, social security, and Medicare taxes) by an employer and held in trust until paid to the Treasury.

When you pay your employees, you do not pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks. The income tax and employees’ share of FICA (social security and Medicare) that you withhold from your employees’ paychecks are part of their wages you pay to the Treasury instead of to your employees.

Your employees trust that you pay the withholding to the Treasury by making Federal Tax Deposits (PDF). That is why they are called trust fund taxes.

Through this withholding, your employees pay their Contributions toward retirement benefits (social security and Medicare) and the income taxes reported on their tax returns. Your employees’ trust fund taxes, along with your matching share of FICA, are paid to the Treasury through the Federal Tax Deposit system.

The withheld part of e taxes is your employees’ money, and the matching portion is their retirement benefit. For additional information, refer to Employment Taxes and the Trust Fund Recovery Penalty (TFRP).

Employment tax deposits are a current expense. Postponing paying them is not the same as making a late payment on your phone bill or to a supplier. Congress has established large penalties for delays in turning over your employment taxes to the Treasury. The longer it takes to pay that money, the more it will cost you.

Who Can Be Responsible for the TFRP

 

The TFRP may be assessed against any person who:

  • Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
  • Willfully fails to collect or pay them.

 

A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes

This person may be:

  • An officer or an employee of a corporation,
  • A member or employee of a partnership,
  • A corporate director or shareholder,
  • A member of a board of trustees of a nonprofit organization,
  • Another person with authority and control over funds to direct their disbursement,
  • Another corporation or third party payer,
  • Payroll Service Providers (PSP) or responsible parties within a PSP
  • professional Employer Organizations (PEO) or responsible parties within a PEO, or
  • Responsible parties within the common law employer (client of PSP/PEO).

 

For willfulness to exist, the responsible person:

  • Must have been, or should have been, aware of the outstand ing taxes and
  • Either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).

 

Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of willfulness.

You may be asked to complete an interview in order to determine the full scope of your  duties and responsibilities.

Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.

An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather that to determine which creditors would or would not be paid.

 

Figuring the TFRP Amount

 

The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:

  • The unpaid income taxes withheld, plus
  • The employee’s portion of the withheld FICA taxes.

For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.

Assessing the TFRP

If we determine that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you. You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal. The letter will explain your appeal rights.

Caution
Once we assert the penalty, we can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action.

Have a question about trust fund taxes, call us today for a free initial tax consultation and speak to a true IRS tax expert.1-866-700-1040

Trust Fund Assessments – IRS 6672 Penalty, Do You Need Expert Help? FORMER IRS

Fresh Start Tax

 

I am a former IRS agent and teaching instructors with the Internal Revenue Service collection division, I am a true expert for the Trust Fund Tax.

 

As a former revenue officer and I taught tax law regarding the TRUST FUND TAX to new employees.

As a former IRS agent I would set up the trust fund penalty against responsible persons who were held liable for this tax. I know this program inside out. I also set up hundreds upon hundreds of trust fund penalties against responsible persons and know the system inside and out.

I also know all the best tax defense strategies to use.

It is very important to know that one of the main forms used by revenue officers is form 4180.

The Internal Revenue Service asks the revenue officer to have a sit down meeting with any persons that will be completing this form.

As a former revenue officer, I would urge any persons who has to fill this form out to be represented so you can have the best possible tax defense.

There are many set up questions on this form.

The revenue officer tries to take this 4180 statement from as many persons that were involved with the company so as to make a clear determination as to who was truly responsible. The revenue officer uses a variety of sources to confirm that this statement is true and correct.

The revenue officer looks at bank signatures cards, copies of cancelled checks, at corporate resolutions, at loan documents, at those who sign leases or sign key documents involving day-to-day business of the company.

There are many other documents that IRS will look at e are just a few.

It is not hard to determine who is responsible for the trust fund tax, the bottom line is, follow the money, follow decisions, follow who was really in charge.

If you need any help or need an initial consultation call me today and I can walk you through the process of the trust fund tax.

 

Why this tax is so deadly

Many persons have no idea that if their payroll taxes are not paid that they can be held personally responsible for the tax debt, that is, the so-called trust fund taxes.

The article below will go into detail what those trust fund taxes are and the computations of assessment.

If IRS sets up the trust fund penalty against responsible persons or employees it can impose their true enforcement action including seizure, garnishments, bank levies against any and all assets.

Our firm a fresh start tax is your best tax defense for the trust fund tax, appeals or collection defense.

 

What is the Trust Fund Tax ?

A trust fund tax is money withheld from an employee’s wages (income tax, social security, and Medicare taxes) by an employer and held in trust until paid to the Treasury.

When you pay your employees, you do not pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks. The income tax and employees’ share of FICA (social security and Medicare) that you withhold from your employees’ paychecks are part of their wages you pay to the Treasury instead of to your employees.

Your employees trust that you pay the withholding to the Treasury by making Federal Tax Deposits (PDF). That is why they are called trust fund taxes.

Through this withholding, your employees pay their Contributions toward retirement benefits (social security and Medicare) and the income taxes reported on their tax returns. Your employees’ trust fund taxes, along with your matching share of FICA, are paid to the Treasury through the Federal Tax Deposit system.

The withheld part of e taxes is your employees’ money, and the matching portion is their retirement benefit.

Employment tax deposits are a current expense. Postponing paying them is not the same as making a late payment on your phone bill or to a supplier. Congress has established large penalties for delays in turning over your employment taxes to the Treasury. The longer it takes to pay that money, the more it will cost you.

 

Who Can Be Responsible for the TFRP

The TFRP may be assessed against any person who:

Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
Willfully fails to collect or pay them.

A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes

 

This person may be:

An officer or an employee of a corporation,
A member or employee of a partnership,
A corporate director or shareholder,
A member of a board of trustees of a nonprofit organization,
Another person with authority and control over funds to direct their disbursement,
Another corporation or third-party payer,
Payroll Service Providers (PSP) or responsible parties within a PSP
professional Employer Organizations (PEO) or responsible parties within a PEO, or
Responsible parties within the common law employer (client of PSP/PEO).

For Consultations to exist, the responsible person:

Must have been, or should have been, aware of the outstand ing taxes and
Either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).

Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of Consultations.

You may be asked to complete an interview in order to determine the full scope of your duties and responsibilities.

Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.

An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather that to determine which creditors would or would not be paid.

 

Figuring the TFRP Amount

The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:

The unpaid income taxes withheld, plus
The employee’s portion of the withheld FICA taxes.

For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.

 

Assessing the TFRP

If we determine that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you. You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal. The letter will explain your appeal rights.

Caution

Once we assert the penalty, we can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action.

Have a question about trust fund taxes, call us today for a free initial tax consultation and speak to a true IRS tax expert. call at 1-866-700-1040.

IRS Trust Fund Taxes + Former IRS Agent, Experts for Tax Help Defense for 6672 Penalty + Trust Fund Taxes

Fresh Start Tax

I am a former IRS agent and teaching instructors with the Internal Revenue Service collection division, I am a true expert for the Trust Fund Tax,

 

As a former revenue officer and I taught tax law regarding the TRUST FUND TAX to new employees.

As a former IRS agent I would set up the trust fund penalty against responsible persons who were held liable for this tax. I know this program inside out. I also set up hundreds upon hundreds of trust fund penalties against responsible persons and know the system inside and out. I also know all the best tax defense strategies to use.

It is very important to know that one of the main forms used by revenue officers is form 4180.

 

The Internal Revenue Service asks the revenue officer to have a sit down meeting with any persons that will be completing this form.

As a former revenue officer, I would urge any persons who has to fill this form out to be represented so you can have the best possible tax defense.

There are many set up questions on this form.

The revenue officer tries to take this 4180 statement from as many persons that were involved with the company so as to make a clear determination as to who was truly responsible. The revenue officer uses a variety of sources to confirm that this statement is true and correct.

The revenue officer looks at bank signatures cards, copies of cancelled checks, at corporate resolutions,  at loan documents, at those who  sign leases or sign key documents involving day-to-day business of the company.

There are many other documents that IRS will look at e are just a few.

It is not hard to determine who is responsible for the trust fund t, the bottom line is, follow the money, follow decisions, follow who was really in charge.

If you need any help or need an initial consultation call me today and I can walk you through the process of the trust fund tax.

 Why this tax is so deadly

Many persons have no idea that if their payroll taxes are not paid that they can be held personally responsible for the tax debt, that is, the so-called trust fund taxes.

The article below will go into detail what those trust fund taxes are and the computations of assessment.

If IRS sets up the trust fund penalty against responsible persons or employees it can impose their true enforcement action including seizure, garnishments, bank levies against any and all assets.

Our firm a fresh start tax is your best tax defense for the trust fund tax, appeals or collection defense.

 

What is the Trust Fund Tax ?

A trust fund tax is money withheld from an employee’s wages (income tax, social security, and Medicare taxes) by an employer and held in trust until paid to the Treasury.

When you pay your employees, you do not pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks. The income tax and employees’ share of FICA (social security and Medicare) that you withhold from your employees’ paychecks are part of their wages you pay to the Treasury instead of to your employees.

Your employees trust that you pay the withholding to the Treasury by making Federal Tax Deposits (PDF). That is why they are called trust fund taxes.

Through this withholding, your employees pay their Contributions toward retirement benefits (social security and Medicare) and the income taxes reported on their tax returns. Your employees’ trust fund taxes, along with your matching share of FICA, are paid to the Treasury through the Federal Tax Deposit system.

The withheld part of e taxes is your employees’ money, and the matching portion is their retirement benefit. Employment tax deposits are a current expense. Postponing paying them is not the same as making a late payment on your phone bill or to a supplier. Congress has established large penalties for delays in turning over your employment taxes to the Treasury. The longer it takes to pay that money, the more it will cost you.

Who Can Be Responsible for the TFRP

 

The TFRP may be assessed against any person who:

  • Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
  • Willfully fails to collect or pay them.

 

A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes

This person may be:

  • An officer or an employee of a corporation,
  • A member or employee of a partnership,
  • A corporate director or shareholder,
  • A member of a board of trustees of a nonprofit organization,
  • Another person with authority and control over funds to direct their disbursement,
  • Another corporation or third-party payer,
  • Payroll Service Providers (PSP) or responsible parties within a PSP
  • professional Employer Organizations (PEO) or responsible parties within a PEO, or
  • Responsible parties within the common law employer (client of PSP/PEO).

 

For Consultations to exist, the responsible person:

  • Must have been, or should have been, aware of the outstand ing taxes and
  • Either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).

 

Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of Consultations.

You may be asked to complete an interview in order to determine the full scope of your duties and responsibilities.

Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.

An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather that to determine which creditors would or would not be paid.

 

Figuring the TFRP Amount

 

The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:

  • The unpaid income taxes withheld, plus
  • The employee’s portion of the withheld FICA taxes.

For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.

Assessing the TFRP

If we determine that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you. You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal. The letter will explain your appeal rights.

Caution
Once we assert the penalty, we can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action.

 Have a question about trust fund taxes, call us today for a free initial tax consultation and speak to a true IRS tax expert.Call 1-866-700-1040

IRS Experts * Tax Debt Settlement * Unfiled Back Taxes * Audits * Payment Plans + Get Affordable IRS Help + San Mateo, Redwood City, Palo Alto, Mountain View

Fresh Start Tax

 

There are different Examinations to Resolve Back IRS Problems if you owe back taxes, Since 1982, Former IRS Agents Who Know the system.

 

Get Affordable help +  Mateo, Redwood City, Palo Alto, Mountain View

There are multiple solutions that you may be eligible for. We will review all examinations. We will walk through all the programs to see what programs you qualify.

 

FST, since 1982, Former IRS. A NATIONWIDE TAX FIRM

We are an Affordable professional tax firm that can offer you a free initial tax consultation and walk you through the process if you have a back balance due the Internal Revenue Service.

If you have balance due on back taxes and are looking to set up a payment agreement, file firm offer in compromise to settle your back tax debt or you need to file back tax returns call us today for a free initial tax consultation.

We have over 95 years of direct IRS work experience.

FST IRS Experience:

We have worked out of the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS Experts in the area of IRS tax settlement services.

How does IRS dispose of Tax Debt Cases????

 

The 5 basic ways or programs for IRS Tax Debt.

 

1. By Payment in full,

2. By smoothly Payments,

3. By the Acceptance of an offer in compromise, (this is how your completely eliminate the tax debt)

4. By statue expiration. (this is how your completely eliminate the tax debt)

5. For those who cannot pay their debt IRS has a non-collectible or hardship program.

 

Upon your initial free tax consultation we will walk through the various programs and let you know the easiest way to resolve your back tax debt.

The most important aspect of working tax debt cases is completely dependent on the individual or business financial statements.It is the most important factor.

Your current documented financial statement determines all.

IRS uses a very simple formula to determine their settlement process.

It is all about your assets and your income and your current necessary living expenses. There is a very specific formula.

IRS only allows certain expenses that are considered necessary living expenses.

There are charts available on what IRS allows. Anything not on those charts are disallowed and this is what trips out most taxpayers.

A simple review of your current financial statement and we can let you know the different programs you may be eligible for.

You will need to complete form 433F or form 433A for us to make a current determination. IRS will only use their financial statements.

It is critically important to know that you cannot pay less taxes unless you qualify for the offer in compromise program.

IRS has a very specific formula that they use to compute the offer in compromise.

You must know the sy stem to have success.

The only way you can pay less tax is through the offer in compromise program. There is also an IRS pre-qualifier form.

I have over 40 years in this industry and it is critical if you want to settle your tax debt for the lowest possible amount you should go to true tax professionals.

Important information everyone needs to know.

All your tax returns will have to be filed before IRS will close any case, it is a must, we can complete all work in house.

 

If you need help with your tax preparation call us and we can have a staff of Experts accountants and tax preparers complete all returns with or without records.

Also beware that many times the Internal Revenue Service want to make sure you are current in your withholding tax or your estimate tax payments are they will not close your work your case until you become fully compliant.

Beware of IRS tax settlement services companies, and there are many.

We have been in this industry a long time there are many good companies in as many bad tax settlement service companies. For you to evaluate an IRS tax settlement service company you must ask to speak directly to the person who will be working your case. Generally the first person you speak to is a salesperson who has limited knowledge of IRS procedures.

So when you call a tax services company, you are speaking to what is called a closer.

That person is a salesman and will actually bill you and charge you for the services then your case gets passed down the line.

When you call fresh start tax, you will speak directly to the person who works your case and that person can give you a true evaluation on how and if IRS will accept an IRS tax settlement .

All IRS tax settlement service firms and companies are different.

Check out the BBB rating and make sure you have a true tax professional working your case.

I suggest you always hire someone who’s worked at the IRS because they are aware of the methodologies required to get your offer in compromise through the system.

Other ways to Resolve Back IRS Taxes Debt or Tax Problems:

 

As a general rule, you may apply for hardships, payment agreements or settle for an offer in compromise to settle your debt for pennies on the dollar.

We will review with you your financial statement and let you know what the lowest possible settlement IRS will accept. 40% of all persons that owe back taxes are issue into a hardship or are currently not collectible status and 6.5 million taxpayers enter into annual payment agreements.

With e programs you will not pay less tax. These programs are designed to keep IRS off your back.

The other way to pay less tax is for the ten-year statute of limitation to run out and your debt will be written off by the Internal Revenue Service.

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/IRS tax debt settlement were filed by taxpayers and over 38% of those were accepted for average of $6500 per case. Approximately 40,000 taxpayers last year paid less tax.

At the current time there are 7500 cases in the offer queue. The average wait time is nine months. There are not enough IRS employees to work the current inventory.

Keep in mind this is a national average in your case is completely dependent on your individual financial statement.

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

 

There is a pre qualifier tool to find out if you are a settlement candidate for income or business tax debt.

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.

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.

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

There are many firms that take your money and then let you know after the fact you are not qualified. you need to know before hand whether you have a fighting chance.

 

Being a former IRS agent employee gives you a huge advantage of having the review your offer in compromise to settle your tax debt.

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 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 settlement s.

The Offer in Compromise and the New Fresh Start Tax Initiative

 

If you have any questions or issues about the offer in compromise program to settle or negotiate 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 20-40 hours working an accepted offer in compromise.

IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses.

You want to make sure you are accurate and truthful on 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.

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.

The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. The internal revenue service will immediately reject your offer in compromise. Any fees included with the OIC will also be returned.

This FS new policy does not apply to current year tax returns if there is a valid extension on file.

When IRS determines that they will settle with you, IRS will consider your unique set of facts and circumstances:

• Ability to pay,

• Income,

• Expenses; and

• Asset equity. All assets including pension’s an IRA’s

IRS will generally approve an offer in compromise when the amount offered represents the most they can expect to collect within a reasonable period of time.

Right now that is appox. 9 months

Make sure you are eligible for the offer in compromise to settle your back IRS tax debt.

Before IRS can consider your offer, you must be current with all filing and payment requirements.

You are not eligible if you are in an open bankruptcy proceeding.

Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.

Submit your offer in compromise to settle your tax debt on back IRS taxes.

You’ll find step-by-step instructors and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). Your completed offer package will include:

• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;

• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;

• $186 application fee (non-refundable); and

• Initial payment (non-refundable) for each Form 656.

Select a payment option on an IRS offer settlement

 

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.

Understand the process to settle your tax debt on an IRS settlement .

While your offer to pay less taxes 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 a free tax consultation, 1-866-700-1040

 

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