by Fresh Start Tax | May 30, 2013 | Tax Help
Resolve a IRS, State Tax Debt 954-492-0088
If you are looking to resolve an IRS /State tax debt contact us today for a free initial tax consultation.
You can speak directly to tax attorneys, certified public accountants, former IRS agents, managers and tax instructors who worked out of the local South Florida offices for over 60 years.
We have an A+ rating by the Better Business Bureau and have been in private practice right here in South Florida since 1982.
Options to Resolve your IRS, State Tax Debt
There are general rules to resolve your IRS or your state tax debt.
All government agencies will require a current and verifiable financial statement.
Each government agency has its own financial statement in which you will need to complete and fully document.
Each agency will require proof of income, proof of expenses, pay stubs in the last six months worth of bank statements. You want to make sure your financial statement is as accurate as possible that’s why it is best to use a tax professional who understands the trapping of the financial statements that are given to taxpayers who will owe money on back tax debt.
Being former IRS agents we know exactly what both the IRS and state agencies look for and we know how to find success for you that fits the current needs that you have of your current financial condition.
You will need to send the financial statement and all current documentation to the government agency for a full review.
Once the agency whether it be the state or the Internal Revenue Service will generally have three options available to resolve or close your IRS or state tax debt.
Options to resolve an IRS, State tax debt
Both government agencies have the same type of resolution procedures after conducting a review of your financial statement you will either be placed into:
- a current economic tax hardship,
- you will be asked to enter into an installment or payment plan or
- you could be advised that your tax settlement candidate.
Everything depends on your current financial statement.
Both agencies will also make sure that all tax returns are filed and that you are making current payments so you are not occurring any other tax debt.
Contact us today for a free initial tax consultation and we can find out which option suits you the very best.
We are the affordable tax firm that has been practicing in South Florida since 1982.
We are A+ rated by the Better Business Bureau.
Resolve a IRS, State Tax Debt – Affordable Attorneys, CPA’ s, Former IRS – Ft.Lauderdale, Miami, Boca, Palm Beaches – South Florida
by Fresh Start Tax | May 30, 2013 | Offer in Compromise
IRS Tax Settlement South Florida 954-492-0088
58,000 IRS Tax Settlements are filed each year and about 30% are accepted.
The average time to process, 6- 9 months.
We are a local professional tax firm who are true IRS experts when it comes to any IRS collection, audit, or appeals matters.
We are comprised of tax attorneys, certified public accountants, and former IRS agents, managers and tax instructors who worked out of the local South Florida IRS offices for a combined 60 years.
While working for the Internal Revenue Service in the local South Florida offices as well as the regional tax offices we taught tax law.
We are true IRS experts when it comes to IRS settlement matters.
We have a former IRS revenue officer on staff who taught the IRS offer in compromise program or what is better known as the IRS tax settlement procedure.
Get Pre-Qualified to File for a IRS Tax Settlement
Before any offer in compromise or any IRS tax settlement is turned into the Internal Revenue Service it goes through a pre-qualifier with our firm to make sure that any taxpayer, individual, or business is a suitable and candidate and has an excellent chance of their offer getting accepted.
We will submit no offer in compromise unless you have a reasonable chance of acceptance.
Contact us today for free initial tax consultation and we will go over the various tax options with you to get you the most affordable IRS tax settlement.
We have practiced in South Florida since 1982 and are A+ rated by the Better Business Bureau. We have over 206 years of professional from experience.
What is a IRS Tax Settlement
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 will consider your unique set of facts and circumstances:
The Internal Revenue Service will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
You should explore all other payment options before submitting an offer in compromise.
Clearly, the Offer in Compromise program is not for everyone.
If you hire a tax professional to help you file an offer, be sure to check his or her qualifications.
Make sure you are eligible will for a IRS Tax Settlement
Before the 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.You can find this tool on our website.
Submit your IRS Tax Settlement
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;
- $150 application fee (non-refundable); and
- Initial payment (non-refundable) for each Form 656.
Select a payment option for a IRS Tax 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.
Low Income Certification
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 IRS Tax Settlement Process
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.
Remember a IRS tax settlement is not for everyone.
It is always best to contact a tax attorney, certified public accountant, or former IRS agent or manager to have your very best chance of getting your IRS tax settlement approved by the Internal Revenue Service.
Contact us today for free initial tax consultation.
Affordable IRS Tax Settlement Attorneys, Former IRS – Ft.Lauderdale, Miami, Boca, West Palm Beach, South Florida
by Fresh Start Tax | May 30, 2013 | Tax Help
Tax Relief – South Florida 954-492-0088
We are a local South Florida tax from that specializes in IRS tax relief.
We are comprised of tax attorneys, tax lawyers, certified public accountants, in former IRS agents, managers, and tax instructors.
Our former IRS agents worked out of the local South Florida IRS offices for a combined 60 years. While at the Internal Revenue Service we were managers, supervisors and taught tax law the new IRS agents.
As a result of our years of experience at the Internal Revenue Service, we know all the protocols, all the procedures, all settlements strategies, and all the various tax options to get you immediate and permanent tax relief.
We’ve been practicing right here in South Florida since 1982 and we are A+ rated by the Better Business Bureau.
Please contact us today for a free initial tax consultation so we can review with you the various solutions to completely solve your IRS problems.
We are fast and we are affordable.
Tax Relief from the IRS
In its latest effort to help struggling taxpayers, the Internal Revenue Service announced a series of new steps to help people get a fresh start with their tax liabilities.
The goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers.
Specifically, the IRS is announcing new policies and programs to help taxpayers pay back taxes and avoid tax liens.
This announcement centers on the IRS making important changes to its lien filing practices that will lessen the negative impact on taxpayers.
The changes include:
- Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.
- Making it easier for taxpayers to obtain lien withdrawals after paying a tax bill.
- Withdrawing liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement.
- Creating easier access to Installment Agreements for more struggling small businesses.
- Expanding a streamlined Offer in Compromise program to cover more taxpayers.
Tax Lien Thresholds
The IRS will significantly increase the dollar thresholds when liens are generally filed. The new dollar amount is in keeping with inflationary changes since the number was last revised.
Currently, liens are automatically filed at certain dollar levels for people with past-due balances.
The IRS plans to review the results and impact of the lien threshold change in about a year.
A federal tax lien gives the IRS a legal claim to a taxpayer’s property for the amount of an unpaid tax debt. Filing a Notice of Federal Tax Lien is necessary to establish priority rights against certain other creditors.
Usually the government is not the only creditor to whom the taxpayer owes money.
A lien informs the public that the U.S. government has a claim against all property, and any rights to property, of the taxpayer. This includes property owned at the time the notice of lien is filed and any acquired thereafter.
A lien can affect a taxpayer’s credit rating, so it is critical to arrange the payment of taxes as quickly as possible.
Tax Relief – Tax Lien Withdrawals
The IRS will also modify procedures that will make it easier for taxpayers to obtain lien withdrawals.
Liens will now be withdrawn once full payment of taxes is made if the taxpayer requests it. The IRS has determined that this approach is in the best interest of the government.
In order to speed the withdrawal process, the IRS will also streamline its internal procedures to allow collection personnel to withdraw the liens.
Tax Relief – Direct Debit Installment Agreements and Liens
The IRS is making other fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement (DDIA). For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:
Lien withdrawals for taxpayers entering into a Direct Debit Installment Agreement.
The IRS will withdraw a lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement.
The IRS will also withdraw liens on existing Direct Debit Installment agreements upon taxpayer request.
Liens will be withdrawn after a probationary period demonstrating that direct debit payments will be honored.
In addition, this lowers user fees and saves the government money from mailing monthly payment notices. Taxpayers can use the Online Payment Agreement application on IRS.gov to set-up with Direct Debit Installment Agreements.
Tax Relief – Installment Agreements and Small Businesses
The IRS will also make streamlined Installment Agreements available to more small businesses. The payment program will raise the dollar limit to allow additional small businesses to participate.
Small businesses with $25,000 or less in unpaid tax can participate. Currently, only small businesses with under $10,000 in liabilities can participate. Small businesses will have 24 months to pay.
The streamlined Installment Agreements will be available for small businesses that file either as an individual or as a business.
Small businesses with an unpaid assessment balance greater than $25,000 would qualify for the streamlined Installment Agreement if they pay down the balance to $25,000 or less.
Small businesses will need to enroll in a Direct Debit Installment Agreement to participate.
Offers in Compromise
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate. In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
OICs are subject to acceptance based on legal requirements. An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
IRS – Tax Relief – Attorneys, CPA’s, Former IRS – Ft.Lauderdale, Miami, West Palm Beach
by Fresh Start Tax | May 30, 2013 | Back Taxes
Resolve Back Taxes 954-492-0088
If you need to resolve back taxes with the Internal Revenue Service contact us today and speak directly to former IRS agents, managers and tax instructors .
We have over 60 years of working directly for the Internal Revenue Service in the local South Florida IRS offices. We are A+ rated by the Better Business Bureau.
We have worked as agents, managers and teaching instructors. As a result of her years of experience at the local Internal Revenue Service offices we can review your individual situation and recommend the quickest and most affordable way to resolve your IRS back tax issues.
Whether you are undergoing an extensive IRS tax audit or simply owe money on back taxes we have a simple and affordable solution for you.
Contact us today for a free no cost tax consultation and find out how simple this process really is. We have been practicing right here in South Florida since 1982 and are one of the most trusted tax forms in the South Florida area.
The New Fresh Start Program by the IRS/Ways to Resolve Back Taxes
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:
- 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.
- Installment Agreements on back Taxes. 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.
- The easiest way to apply for a payment plan is to use the Online Payment Agreement tool at IRS.gov. If you don’t have Web access you may file Form 9465, Installment Agreement, to apply.
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.
- 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.
Resolve Back Taxes, IRS Former Agents, Miami, Ft.Lauderdale, West Palm Beach – South Florida
by Fresh Start Tax | May 29, 2013 | Tax Help
Problem with Back Payroll Taxes 1-866-700-1040, Former IRS who Know the System, Since 1982. A plus Rated BBB
We have over 206 years professional tax experience and over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
File and Settle with the IRS.
If you are having problems with back payroll taxes and need to file multiple past-due tax returns contact us today so we can make this a quick, simple and affordable process to resolve your payroll tax problems.
We are composed of tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and tax instructors.
The IRS view of Unfiled, Multiple Payroll Tax Problems
As a former IRS agent, the federal government puts payroll taxes as a high priority on their list of targets.
The reason is simple, payroll taxes are not a tax they are in fact monies are held in trust for the federal government.
When a case is in the field , the IRS Service centers send out what are known as FTD alerts those are corporations in the area we the IRS offices are located that have not filed their current federal tax deposits. The local IRS offices will make sure payroll tax cases are worked well before individual tax cases.
IRS can hold individuals responsible for the failure to pay back payroll taxes (unfiled, multiple payroll tax returns )
The IRS has a 6672 penalty which is imposed on persons or individuals who have not filed and paid back payroll taxes. IRS has the right to assess, collect and sees those assets belonging to those parties were responsible to collect the money and turn it over to the Internal Revenue Service. If you have not paid back payroll taxes and your signature on the bank account of a particular company or corporation you may be held responsible to pay these back taxes. You should contact us today for further details.
Who Can Be Responsible for the Trust Fund Taxes, code section 6672
The trust fund recovery penalty 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 or had some of the following powers:
- An officer or an employee of a corporation;
- A member or employee of a partnership;
- A corporate director or shareholder or member;
- A member of a board of trustees of a nonprofit organization, or anyone deemed to be responsible;
- Another person with authority and control over funds to direct their disbursement.
For wilfulness to exist, the responsible person:
- Must have been, or should have been, aware of the outstanding taxes; and
- Either intentionally disregarded the law or was plainly indifferent to its requirements (no fraudulent intent or bad motive is required).
If you do not file , IRS can prepare these tax returns under 6020 B of the Internal Revenue Code
(a) Preparation of return by Secretary
If any person shall fail to make a return required by this title or by regulations prescribed thereunder, but shall consent to disclose all information necessary for the preparation thereof, then, and in that case, the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.
(b) Execution of return by Secretary
(1) Authority of Secretary to execute return
If any person fails to make any return required by any internal revenue law or regulation made thereunder at the time prescribed therefore, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.
(2) Status of returns
Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.
If you have unfiled or multiple back to payroll tax returns a need to settle with the Internal Revenue Service contact us today.
We are the affordable tax professionals.
