We are the Affordable Tax Firm. 954-492-0088
We have been in private practice since 1982 right here in South Florida.
Both the former IRS Agent and CPA are featured on GRACE FM 90.3 on Christian Business Weekly.<><
We offer a full range of accounting, tax and financial services designed to meet the personal or business needs that you have.
Miami + Christian CPA & Accounting Firm, Tax Preparation Former IRS Agents
We have a Christian Tax and Accounting Practice and are located in South Florida.
We are the Affordable Tax Firm. 954-492-0088
Besides having CPA’s on staff we also have Tax Attorneys, Tax Lawyers, Former IRS Agents and Managers.
We also specialize in full IRS representation and IRS Tax audits.
The firm has over 205 years of professional tax experience and over 60 years of working for the IRS in the local, district and regional tax offices of the IRS.
We have been in private practice since 1982 right here in South Florida.
Both the former IRS Agent and CPA are featured on GRACE FM 90.3 on Christian Business Weekly.<><
We are a referral partner of Crown Financial Ministries.
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
Picking a reputable Christian company that prepares your tax return is a very important decision that you will make. It is not just about the tax return.
It is about obtaining solid tax advise, tax planning and financial solutions for the future.
The goal of Fresh Start Tax is to assist our clients in meeting their tax and financial objectives.
We offer a full range of accounting, tax and financial services designed to meet the p
ersonal or business needs that you have.
Our preparation, accounting and auditing teams are highly trained and experienced, hands-on problem solvers who hold themselves to an extraordinarily high level of performance and accountability.
You can trust them to have the understanding and the resources to do what’s best for your business.
We can expertly guide you through the accounting and auditing process, as well as keep you informed of all industry changes regarding corporate governance, audit and accounting issues, and financial reporting that may affect your personal or business situations.
Our teams utilize the latest accounting practices and audit methodologies to help you manage risk, stay compliant, and improve overall business performance.
We offer a FREE initial consultations.
Miami + Christian CPA & Accounting Firm, Tax Preparation Former IRS Agents
IRS Offer in Compromise Effective Tax Administration, What you need to know
I am a former IRS agent and teaching instructor with the Internal Revenue Service.
When I worked at my former employer I was one of the instructors of the offer in compromise.
Few people know that there is an offer in compromise called effective tax administration.
Below you will find out everything you need to know about the offer in compromise called effective tax administration.
There are two other offers in compromise that you could file with IRS beside effective tax administration, one of the others is down to liability in the other is doubt the collectibility.
The offer in compromise of effective tax administration is an offer file because of a true economic hardship however the taxpayer does have the money to pay in full.
Very few offers in compromise are filed under effective tax administration and it only applies in certain circumstances.
As you read my blog below you will find out more information.
Economic Hardship
1. When a taxpayer’s liability can be collected in full but collection would create an economic hardship, an ETA offer based on economic hardship can be considered.
2. The definition of economic hardship as it applies to ETA offers is derived from 26 CFR § 301.6343-1(b)(4). Economic hardship occurs when a taxpayer is unable to pay reasonable basic living expenses.
The determination of a reasonable amount for basic living expenses will be made by the Commissioner and will vary according to the unique circumstances of the individual taxpayer.
Unique circumstances, however, do not include the maintenance of an affluent or luxurious standard of living.
Note: Because economic hardship is defined as the inability to meet reasonable basic living expenses, it applies only to individuals (including sole proprietorship entities). Compromise on economic hardship grounds is not available to corporations, partnerships, estates, or other non-individual entities.
3. The taxpayer’s financial information and special circumstances must be examined to determine if they qualify for an ETA offer based on economic hardship. Financial analysis includes reviewing basic living expenses as well as other considerations.
4. The taxpayer’s income and basic living expenses must be considered to determine if the claim for economic hardship should be accepted. Basic living expenses are those expenses that provide for health, welfare, and production of income of the taxpayer and the taxpayer’s family.
National and local standard expense amounts are designed to provide accuracy and consistency in determining taxpayer’s basic living expenses for domestic taxpayers. These standards are guidelines and if it is determined that a standard amount is inadequate to provide for a specific taxpayer’s basic living expenses, allow a deviation.
5. In addition to the basic living expenses, other factors to consider that impact upon the taxpayer’s financial condition include:
• The taxpayer’s age and employment status,
• Number, age, and health of the taxpayer’s dependents,
• Cost of living in the area the taxpayer resides, and
• Any extraordinary circumstances such as special education expenses, a medical catastrophe, or natural disaster.
6.
Note:
This list is not all-inclusive. Other factors may be considered in making an economic hardship determination.
okay
7. Factors that support an economic hardship determination may include:
• The taxpayer is incapable of earning a living because of a long term illness, medical condition or disability, and it is reasonably foreseeable that the financial resources will be exhausted providing for care and support during the course of the condition.
• The taxpayer may have a set monthly income and no other means of support and the income is exhausted each month in providing for the care of dependents.
• The taxpayer has assets, but is unable to borrow against the equity in those assets, and liquidation to pay the outstanding tax liabilities would render the taxpayer unable to meet basic living expenses.
8. Note:
These factors are representative of situations the Service regularly encounters when working with taxpayers to resolve delinquent accounts. They are not intended to provide an exhaustive list of the types of cases that can be compromised based on economic hardship.
9. The following examples illustrate the types of cases that may be compromised under the economic hardship standard.
Example:
The taxpayer has assets sufficient to satisfy the tax liability and provides full time care and assistance to a dependent child, who has a serious long-term illness.
It is expected that the taxpayer will need to use the equity in assets to provide for adequate basic living expenses and medical care for the child. The taxpayer’s overall compliance history does not weigh against compromise.
Example
The taxpayer is retired and the only income is from a pension which does not meet his necessary living expenses.
The only asset is a retirement account and the funds in the account are sufficient to satisfy the liability. Liquidation of the retirement account would leave the taxpayer without adequate means to provide for basic living expenses.
The taxpayer’s overall compliance history does not weigh against compromise.
Example:
The taxpayer is disabled and lives on a fixed income that will not, after allowance of adequate basic living expenses, permit full payment of the liability under an installment agreement. The taxpayer also owns a modest house that has been specially equipped to accommodate for a disability.
The equity in the house is sufficient to permit payment of the liability owed. However, because of the disability and limited earning potential, the taxpayer is unable to obtain a mortgage or otherwise borrow against this equity.
In addition, because the taxpayer’s home has been specially equipped to accommodate the disability, forced sale of the taxpayer’s residence would create severe adverse consequences for the taxpayer, making such a sale unlikely.
The taxpayer’s overall compliance history does not weigh against compromise.
10. The economic hardship standard authorizes compromise regardless of the cause of the liability, provided compromise does not undermine compliance by other taxpayers.
Example:
The taxpayer submitted an ETA offer based on economic hardship. The financial statement appears to support the offer. When a research of the county property records is conducted, it is noted that the home was transferred to a child for $100 plus love and affection. The transfer of the home was made after the tax was assessed.
The taxpayer does not provide any information or documentation to demonstrate the transfer of property was an arms length transaction, so it appears the transfer was to avoid the payment of the tax liability; therefore, the offer should not be accepted.
11. In economic hardship cases, an acceptable offer amount is determined by analyzing the financial information, supporting documentation, and the hardship that would be created if certain assets, or a portion of certain assets, were used to pay the liability.
Example
The taxpayer was diagnosed with an illness that eventually will hinder any ability to work. Although currently employed, the taxpayer will soon be forced to quit their job and will use personal funds for basic living expenses. The taxpayer owes $ 100,000 and has an RCP of $150,000. An offer was submitted for $ 35,000.
Through the investigation, it is determined that collecting more than $ 50,000 would cause an economic hardship for the taxpayer.
A determination on economic hardship was made due to the fact the taxpayer’s reasonable living expenses, including ongoing medical costs will exceed their income once the taxpayer is unemployed.
The taxpayer is advised to raise the offer to $ 50,000 since it is the amount the Service can collect without creating an economic hardship.
12. The existence of economic hardship criteria does not dictate that an OIC must be accepted.
An acceptable offer amount must still be determined based on a full financial analysis and negotiation with the taxpayer. When hardship criteria are identified but the taxpayer does not offer an acceptable amount, the OIC should not be recommended for acceptance.
There are 3 TYPES of Offer in Compromise *ask a former irs agent
As a Former IRS agent and teaching instructor with the Internal Revenue Service I was one of the revenue officers who taught the offer in compromise program.
I am a national expert in the subject.
Many people believe there is only one type of offer in compromise and that is the one where you can settle your debt for pennies on the dollar.
Few people know there were two other programs you could be eligible for and qualify for.
The Internal Revenue Service received 78,000 offers in compromise last year and accepted approx, 38,000 offers.
Here are the three programs that IRS has to settle or remove your tax debt.
The IRS may accept an OIC based on one of the following reasons:
• First, the IRS can accept a compromise if there is doubt as to liability. A compromise meets this criterion only when there’s a genuine dispute as to the existence or amount of the correct tax debt under the law.
These offers come about because there is an issue with the tax return or an audit and the taxpayer believes the amount of tax debt is not correct and they have proof to show that the debt is incorrect.
To make sure your offer in compromise goes through you need to show all the verification to prove that you have the correct tax liability and that the IRS is in error.
The key to this case is pure documentation. It will be like going through a tax audit to justify everything on your tax return.
• 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.
Please note there is a pre-qualifier tool.
Everyone thinks they can just settle their debt for pennies on the dollar but there are many qualifications before IRS will accept that offer in compromise.
If you are going to hire a tax professional you need to make sure that person is truly qualified to settle your debt for pennies on the dollar.
There is much advertising in the space so much so that everyone believes they can settle their tax debt, but that is certainly not so.
The base rule for the offer in compromise to settle your debt for pennies on the dollar is you must make sure you are giving IRS all of the liquidity you have in your assets before IRS is going to accept the offer.
As a former IRS agent I worked and administered this program with new agents.
• 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.
Last year I believe there was one offer in compromise accepted under effective tax administration. With that said, few people know this offer in compromise exists in many more people should try to challenge or file their offers based on this.
Usually, these cases are filed because there are certain circumstances that exist such as cancer, imminent death or some unusual circumstance that IRS will look at the case and say this is in the best interest of the government.
Have questions call or ask a former IRS agent.
LOS ANGELES + Back Tax Help * IRS Tax Debt, * Offer in Compromise Specialists + Christian Tax Debt Services Firm
We are former IRS agents that worked out of the local IRS offices, we have over 100 years of direct IRS work experience.<><
Including in our staff, tax attorneys, lawyers, CPAs and a host of other tax professional.
The bold truth, nobody know more in dealing with IRS than Former Agents, simply put we know the system inside and out.
IRS Back Tax Relief from the true experts, Former Christian IRS Agents
FREE CONSULTS + We know the complete working system of the IRS.
We are a referring partner of Crown financial ministries.
We were managers, supervisors, agents, and brought to the regional offices to train new IRS agents, we know the system because we taught the system.
We handle all aspects of representation from a single notice, to dealing with IRS tax debt to the filing of tax returns, resolving IRS audits there is nothing we can handle, we are a full service tax firm that handles all IRS services and are A+ rated by the Better Business Bureau since 1982.
Knowing the internal workings in the system of IRS is huge advantage to settle IRS tax debt. Your current financial statement and documentation is the key to settle for less.
IRS Tax Debt
Last year 78,000 taxpayers filed for an IRS tax debt settlement in over 38% of those were accepted for average settlement a $6500 per case.
IRS tax debt forgiveness is centered around the IRS offer in compromise program.
Keep in mind this is the national average and every case depended on its own financial statement and its own set of facts. It is very possible to settle for pennies on the dollar.
There is an IRS pre-qualifier tool that you can walk through to find out if you are a certified in acceptable candidate to get an IRS tax debt settlement. On your free initial tax consultation we will walk you through the process.
If you have any back tax issues with the Internal Revenue Service or have not filed back income/business tax returns, we can settle your case all at the same time.
As a former IRS revenue officer I have worked hundreds of cases and can be very instrumentally in the settling of your case.
Why is Fresh Start Tax LLC is a much different firm than other IRS Tax Debt Settlement Companies?
We do our own work in-house, most companies sub their work out to backend offices.
We have over 100 years of direct work experience working in the local, district and regional tax offices of the IRS. We have worked as managers, instructors, and teaching agents.
Some of our staff have put on joint forums with the Internal Revenue Service. We have an excellent working relationship with Uncle Sam.
Need an Offer in Compromise + IRS Tax Debt Settlements
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS will require form 433OIC and form 656OIC to be fully documented and complete before the submission of an offer in compromise.
Select a payment option for IRS Debt Settlements, Owe Back Taxes
Your initial payment will vary based on your offer and the payment option you choose:
• Lump Sum Cash:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
• Periodic Payment:
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.
Understand the OIC process to IRS Tax Debt Settlement
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.
You Must have all tax returns filed. Over 16 million taxpayers do not file annual tax returns.
At some point if you do not file the Internal Revenue Service will catch up with you do not keep your head in the sand.
If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS.
If you did not file your back tax returns, IRS can prepare them for you and you will owe more money than you should. IRS as the ability under 6020B to file for you.
If you do not respond to the IRS bills and notices they send out as a result of filing your tax returns IRS will follow-up with tax levies in the filing a federal tax liens.
We can prepare your back or on file tax returns with little or no tax records.
If the IRS has already filed your back tax returns and they are grossly inaccurate, call us today for us to file for an IRS audit reconsideration.
Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you.
If you are undergoing an IRS tax audit, you can have a former IRS audit manager represent and defend your tax return take the case to appeals or file a tax court petition we do it all.
Call us today for a free initial tax consultation. Speak to true IRS tax experts.
LOS ANGELES + Back Tax Help * IRS Tax Debt, * Offer in Compromise Specialists + Christian Tax Debt Services Firm
Los Angeles + Christian IRS Tax Help + Back Taxes Relief, Settlements, Payment Plans, Hardships + Since 1982
We are former IRS agents that worked out of the local IRS offices, we have over 100 years of direct IRS work experience.<><
Including in our staff, tax attorneys, lawyers, CPAs and a host of other tax professional.
The bold truth, nobody know more in dealing with IRS than Former Agents, simply put we know the system inside and out.
IRS Back Tax Relief from the true experts, Former Christian IRS Agents
FREE CONSULTS + We know the complete working system of the IRS.
We were managers, supervisors, agents, and brought to the regional offices to train new IRS agents, we know the system because we taught the system.
We handle all aspects of representation from a single notice, to dealing with IRS tax debt to the filing of tax returns, resolving IRS audits there is nothing we can handle, we are a full service tax firm that handles all IRS services and are A+ rated by the Better Business Bureau since 1982.
Knowing the internal workings in the system of IRS is huge advantage to settle IRS tax debt. Your current financial statement and documentation is the key to settle for less.
IRS Tax Debt
Last year 78,000 taxpayers filed for an IRS tax debt settlement in over 38% of those were accepted for average settlement a $6500 per case.
IRS tax debt forgiveness is centered around the IRS offer in compromise program.
Keep in mind this is the national average and every case depended on its own financial statement and its own set of facts. It is very possible to settle for pennies on the dollar.
There is an IRS pre-qualifier tool that you can walk through to find out if you are a certified in acceptable candidate to get an IRS tax debt settlement. On your free initial tax consultation we will walk you through the process.
If you have any back tax issues with the Internal Revenue Service or have not filed back income/business tax returns, we can settle your case all at the same time.
As a former IRS revenue officer I have worked hundreds of cases and can be very instrumentally in the settling of your case.
Why is Fresh Start Tax LLC is a much different firm than other IRS Tax Debt Settlement Companies?
We do our own work in-house, most companies sub their work out to backend offices.
We have over 100 years of direct work experience working in the local, district and regional tax offices of the IRS. We have worked as managers, instructors, and teaching agents.
Some of our staff have put on joint forums with the Internal Revenue Service. We have an excellent working relationship with Uncle Sam.
Need an Offer in Compromise + IRS Tax Debt Settlements
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS will require form 433OIC and form 656OIC to be fully documented and complete before the submission of an offer in compromise.
Select a payment option for IRS Debt Settlements, Owe Back Taxes
Your initial payment will vary based on your offer and the payment option you choose:
• Lump Sum Cash:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
• Periodic Payment:
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.
Understand the OIC process to IRS Tax Debt Settlement
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.
You Must have all tax returns filed. Over 16 million taxpayers do not file annual tax returns.
At some point if you do not file the Internal Revenue Service will catch up with you do not keep your head in the sand.
If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS.
If you did not file your back tax returns, IRS can prepare them for you and you will owe more money than you should. IRS as the ability under 6020B to file for you.
If you do not respond to the IRS bills and notices they send out as a result of filing your tax returns IRS will follow-up with tax levies in the filing a federal tax liens.
We can prepare your back or on file tax returns with little or no tax records.
If the IRS has already filed your back tax returns and they are grossly inaccurate, call us today for us to file for an IRS audit reconsideration.
Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you.
If you are undergoing an IRS tax audit, you can have a former IRS audit manager represent and defend your tax return take the case to appeals or file a tax court petition we do it all.
Call us today for a free initial tax consultation. Speak to true IRS tax experts.
Los Angeles + Christian IRS Tax Help + Back Taxes Relief, Settlements, Payment Plans, Hardships + Since 1982