IRS Taxes Owed + IRS Fresh Start Program + Settlement Options

June 7, 2016
Written by: Fresh Start Tax

 

Fresh Start Tax

 

We are affordable tax firm that can resolve any IRS tax debt or tax filing problem. Experts in IRS Tax Debt Relief. Since 1982.  A plus Rated BBB.

 

We have been in the tax resolution industry for a long time and there are many companies that exist today and have no business in this tax resolution vertical.

They charge large fees and give the work to back-end companies parties and the work never gets done.

There are many of these scam artists are around so I would caution everybody to make sure you check out the company, the credentials and ask to speak to the person who will be working your case.

While there are a plethora of many good tax relief companies, check the Better Business Bureau ratings and find out how long the company has existed and find out the complaint history of the company.

Make sure when you are hiring a company for IRS tax debt relief there’s a professional person who has a license to practice before the Internal Revenue Service.

You can call us today for a free initial tax consultation and we can give you a free assessment on your case.

 

FST

 

We are true experts on giving you every possible tax debt option to resolve your back IRS tax debt relief.

You can have back tax assistance by former IRS agents that were teaching instructors with the Internal Revenue Service.

As former IRS agents supervisors and teaching instructors we had great value to any taxpayer trying to sort out the different options they have with IRS if you owe back taxes have back tax debt, or have to file back tax returns.

We have over 65 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.

We are one of the most experienced tax firms in the industry and are available for free initial tax consultation.

What we have to say is very important because we understand every possible methodology and settlement that IRS has. We offer some of the finest IRS tax resolution services to go ahead and fully resolve your IRS tax debt.

It is a very important you understand the new fresh start tax program initiated by IRS a couple of years ago. Once we speak with you to review your file with you and let you know which of the applicable methodologies will apply to you in your case to save you the most amount of money and end your back taxes owed completely.

IRS Tax Debt Relief  + Settlement Options + IRS Tax Debt Relief + Back IRS Taxes

 

Important : IRS Tax Debt Relief will depend on your current financial statement. The internal revenue system is dependent on the review, the credibility and in-depth analysis of your current assets and income.

Having the knowledge and experience of the system is the first step to finding a permanent resolution to your IRS tax problem.

The first option always is to see if you can settle your tax debt through pennies on the dollar through the offer in compromise program.

Our firm has a distinct advantage over other forms as I am a former IRS teaching agent of the offer in compromise program when employed at Internal Revenue Service.

We will review with you the very specifics of your tax issue or back tax problem and after a careful review of your exit strategy and your financial statement, we can come up with the best strategy to reduce your tax debt, manage the IRS and handle all the representation for affordable fees and prices.

 

 

When IRS takes a current financial statement to make a determination on how they will treat you as a taxpayer there are basically three options available for you to take care of your back tax matter:

 

1. Internal Revenue Service puts 40% of all open cases into currently not collectible status which stay there for approximately a year, or,

2.6.5 million people enter into installment payments based on their current financial statements as IRS carefully looks at your income and necessary living expenses.

3. The last option and the best option is to settle your debt to pennies on the dollar through the offer in compromise program.

Last year 38,000 offers in compromise were accepted for an average settlement of $4000 per case. Please keep in mind this is completely dependent on the current financial statement that IRS reviewed and accepted.

 

Installment & Payment Plan Options for Back Taxes Debt Relief

There are many factors that determine payment plan options.

The Internal Revenue Service when exploring a payment plan option with the taxpayer will look at the amount due, making sure all tax returns are current and up-to-date and will look on the amount of money the taxpayer wants to pay back depending on statutory periods of time.

When you call our office we will review with you the three different options you have available to make a payment plan and get the one you want not, the one forced on you by Internal Revenue Service.

As a former IRS agent, I can tell you that Internal Revenue Service tries to enforce their will and extracting money from taxpayers trying to collect money they do not have.

Knowing all the procedures and the options you have available and the rights you have, we can make sure you are treated fairly and that you have the best possible payment agreement you can get based on your current financial statement and living expenses.

When you use our firm, you do not have to fear being bullied by the Internal Revenue Service, we know their systems inside and out.

It is necessary for you to know that all your tax returns will need to be filed for IRS to close out your case. IRS expects each taxpayer who owes back tax debt to be in full compliance before they will resolve their tax issue.

If you have returns are not filed we can prepare those with little or no records.

Call us today for a free initial tax consultation assessment and let’s find out how we can get your case closed for affordable pricing. We can offer you all different tax solutions possible.

The IRS Fresh Start Program

The IRS Fresh Start program makes it easier for taxpayers to pay back taxes and avoid tax liens. Even small business taxpayers may benefit from Fresh Start.

Here are three important features of the Fresh Start program:

 

  1. Tax Liens.  The Fresh Start program increased the amount that taxpayers can owe before the IRS generally will file a Notice of Federal Tax Lien. That amount is now $10,000. However, in some cases, the IRS may still file a lien notice on amounts less than $10,000.

When a taxpayer meets certain requirements and pays off their tax debt, the IRS may now withdraw a filed Notice of Federal Tax Lien. Taxpayers must request this in writing using Form 12277, Application for Withdrawal.

Some taxpayers may qualify to have their lien notice withdrawn if they are paying their tax debt through a Direct Debit installment agreement. Taxpayers also need to request this in writing by using Form 12277.

If a taxpayer defaults on the Direct Debit Installment Agreement, the IRS may file a new Notice of Federal Tax Lien and resume collection actions.
  2. 2. Installment Agreements.  The Fresh Start program expanded access to streamlined installment agreements. Now, individual taxpayers who owe up to $50,000 can pay through monthly direct debit payments for up to 72 months (six years). While the IRS generally will not need a financial statement, they may need some financial information from the taxpayer .

Taxpayers in need of installment agreements for tax debts more than $50,000 or longer than six years still need to provide the IRS with a financial statement. In these cases, the IRS may ask for one of two forms: either Collection Information Statement, Form 433-A or Form 433-F.
    3 Offers in Compromise.  An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount. Fresh Start expanded and streamlined the OIC program. The IRS now has more flexibility when analyzing a taxpayer’s ability to pay. This makes the offer program available to a larger group of taxpayers.

Generally, the IRS will accept an offer if it represents the most the agency can expect to collect within a reasonable period of time. The IRS will not accept an offer if it believes that the taxpayer can pay the amount owed in full as a lump sum or through a payment agreement. The IRS looks at several factors, including the taxpayer’s income and assets, to make a decision regarding the taxpayer’s ability to pay. Use the Offer in Compromise Pre-Qualifier tool on IRS.gov to see if you may be eligible for an OIC.

 

 

 Call us today for a free initial tax consultation and we will walk for you  the various programs on IRS tax debt relief. We ar A+ rated by the Better Business Bureau and have been in private practice since 1982.

 

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M. Johnson

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