IRS Taxes = Offer in Compromise + Settle with IRS Debt + Owe Back Taxes Debt + File Back Tax Returns + Former IRS Helena, Kalispell, Anaconda, Havre

July 2, 2015
Written by: Jim Magary

 

Fresh Start Tax

We have over 60 years of working directly for the Internal Revenue Service and are true experts for settling of IRS tax debt. We are the affordable tax firm, since 1982.

I was a former IRS agent and teaching instructor of the offer in compromise program at the Internal Revenue Service.

We are true experts for the offer in compromise program to settle your IRS tax debt.

We can permanently and immediately resolve those who owe back tax debt to the Internal Revenue Service early defile back tax returns.

I worked in the local, district, and regional tax offices of the IRS. I know the system inside and out. as a visit to the environment will you is in it and you and you are in you as a and in and in and in and in and in and in so and so and in a letter to live as a

I caution everyone before filing an offer to make sure they are qualified candidate. It is very important you walk to the pre-qualifier tool before you waste time or money to make sure you’re truly qualified to be accepted to the program.

The workday and as every other year Do not be ripped off by tax mills promising you can settle your tax debt for pennies on the dollar, while it is possible sure you are prequalified for the program.

Last year approximately 78,000 offers in compromise were filed with the Internal Revenue Service and approximately 38,000 of those were accepted.

The average settlement was $6500 per case. Keep in mind this was the national average.

Call our office for a free initial tax consultation and find out whether you are a qualified candidate to file for offer in compromise.

Have former IRS agents and managers settle your tax debt with the IRS, since 1982, A+ rated BBB. The affordable tax firm!

We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.

The writer of this blog is a former revenue officer who both worked and was a former teaching instructor of the offer in compromise which is the way IRS settles IRS tax debt. Not only did I work the program at the Internal Revenue Service of the offer compromise, I was a teaching instructor. I know the program inside and out.

You can call us today for free initial tax consultation and find out if you are a true offer in compromise tax debt settlement candidate.

It is important to know you will that all back tax returns will have to be filed, up-to-date and current on the IRS computer system before the Internal Revenue Service will accept an offer in compromise.

IRS always conducts a full compliance check to make sure all tax returns are on their system.

Many times IRS looks to reject offers rather than accept them because of the sheer amount of work it takes to get one approved by management. Rejecting the offer based on a lack of filing is the easiest way for IRS to reject your offer.

 

IRS – Offer in compromise Tax Debt Settlements

Please use the most current revision of Form 656-B in preparing and submitting your Offer in Compromise.

Use of outdated forms and instructions may cause a delay in the processing of your offer application.

An offer in compromise allows you to settle your tax debt for less than the full amount you owe.

It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.

IRS considers your unique set of facts and circumstances: Each case is different

• Your Ability to pay;
• Your Income;
• Expenses; and
• Asset equity.

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

Make sure you are eligible to settle

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

 

You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). 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 for OIC

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 process for the OIC:

 

While your offer in compromise 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.

We are A+ rated by the Better Business Bureau and have been in private practice since 1982. we are the fast, friendly, and affordable professional tax firm.

 

 IRS Taxes = Offer in Compromise + Settle with IRS Debt + Owe Back Taxes Debt + File Back Tax Returns + Former IRS Helena, Kalispell, Anaconda, Havre

 

Filed Under: Tax Help
Tags:

FREE

Consultation

No Obligation
We are here to help!

  • Should be Empty:
“Thanks to Fresh Start, I am feeling more and more confident about finally getting caught up after all these years.”
M. Johnson

“I will certainly refer anyone I come across who needs your services for sure.”
Jody and Don

“I cannot thank you enough for handling my IRS issues. After dealing with another office who did nothing, you guys did everything that you promised. Thanks again, especially Steve Jacob for guiding me every step of the way.”
Jerry H.