IRS Settlement For Less Program + Former IRS Settlement Agent + Offer In Compromise

June 27, 2016
Written by: Fresh Start Tax

 

Fresh Start Tax

 

We are an affordable professional tax firm with over 65 years of direct IRS work experience. Since 1982. We Can Settle IRS Tax Debt.

 

Call us today for a free initial tax consultation and find out if you are eligible for an IRS tax settlement to settle for pennies on the dollar.

We can review with you the different IRS tax debt settlement programs and find out if you are a qualified and eligible for any of the IRS programs.

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.

If you want to settle for less on an IRS tax debt you must know the system. The system is all about the formulas and the methods that IRS uses to settle their tax debt.

I am a former IRS Agent and a teaching instructor of the debt settlement program. I know this program inside and out and I can assure that you will settle for less upon our submission of an offer in compromise if you are a qualified candidate for the settle for less program.

We know all the available option to get an income tax debt settlement, payment program or can talk to you about the hardship programs as well. We know all the back tax relief options.

The IRS tax debt settlement program is called the offer in compromise.

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 debt settlement were filed by taxpayers and over 38% of those were accepted for average of $6500 per case. At the current time there are 7500 cases in the offer queue. The average wait time is nine months.

 

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.

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

I have heard countless horror stories from taxpayers who called me about firms that have ripped them off promising settlements.

As a former IRS agent I taught the offer in compromise program at the district training center as a former employee.

 

IRS Debt Settlement Negotiation Program + Offer in Compromise + The question is pennies on the dollar possible to settle tax debt?

 

Yes, it is as a matter of fact, over 38,000 taxpayers got their debt settled with the Internal Revenue Service for average settlement of $6500 last year.

There were a total of 78,000 applications for the pennies on the dollar, offer in compromise program last year.

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

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

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

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

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

The IRS spends a lot of due diligence before they accept an offer in compromise.

It is possible for the IRS to spend over 20 hours working an offer in compromise. IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses.

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

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

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

 

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.

 

TYPE OF OIC PAYMENTS for Tax Debt Settlements

 

• Lump Sum Cash Payment:

Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.

 

• Periodic Payment:

Submit your initial payment with your application.

Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.

If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer.

 

Understand the process of OIC

 

While your offer is being evaluated:

• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);

• A Notice of Federal Tax Lien may be filed;

• Other collection activities are suspended;

• The legal assessment and collection period is extended;

• Make all required payments associated with your offer;

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

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

 

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

 

 

 

IRS Settlement For Less Program + Former IRS Settlement Agent + Offer In Compromise

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