by Jim Magary | Jan 28, 2016 | Tax Help
We are the affordable and experienced professional firm that specializes in IRS tax debt. Since 1982. A plus Rated BBB.
We are composed of CPAs and former IRS agents and managers who have logged over 65 years as former IRS employees. Owe IRS Money, no problem!
Call us today to find out about all your options. Being former IRS agents and managers we can explain every possible system to you.
Options Available : You maybe able to settle, make payments or be placed in a hardship.
Call us today are all the options available if you owe IRS money and back taxes or need to file tax returns.
Not only were we former IRS agents and managers who are teaching instructors for new IRS agents. We know every possible program IRS as we can explain to each and every option if you owe IRS back taxes.
We understand the protocols, settlement theories, and each system IRS has to deal with your particular situation.
If you owe back IRS taxes we can explain to you the various options you have and how IRS will settle your case.
There are various programs available for those who are looking for tax debt forgiveness.
Current IRS programs available to deal with those “who owe back taxes ”
IRS must have a standard that they use nationwide to determine how they go ahead and settle back tax issue or back tax problems. If there was no standard it would be a free-for-all in there be a huge break down in the system.
So IRS in their wisdom created an available standard and knowing the system is key to success.
IRS uses a current financial statement to determine how are they are in a deal with the back IRS tax debt.
IRS wants review of a 433F, which is their version of a financial statement, along with three months worth of bank statements and pay stubs.
They were also we want to review your current monthly expenses. There are national standards IRS uses as comparison methods.
Tax Options if you got behind on back taxes to the IRS
Once IRS carefully review your financial statement there are generally two options available to you.
1. Over 40% of current cases in which taxpayers owe back taxes those cases are put into a non-collectible a hardship status which means they will stay there for two or three years, with penalties and interest running and will review the case somewhere down the road.
2. While as 6.5 million taxpayers opt for the installment or payment agreement method to pay IRS back the debt.
Once again your current financial statement along with documentation is key for resolving your IRS back taxes. IRS also has a small sundry list of options for online payments which we can determine which is best for you.
There is a third available option if you can meet the standard in criteria it is called the offer in compromise or tax debt settlements.
Payment Plans, Installment Agreements
If you’re financially unable to pay your tax debt immediately, you can make monthly payments through an installment agreement.
As long as you pay your tax debt in full, you can reduce or eliminate your payment of penalties or interest, and avoid the fee associated with setting up the agreement.
Before applying for any payment agreement, you must file all required tax returns.
You may be eligible to apply for an online payment agreement, call us today to learn more.
• Individuals must owe $50,000 or less in combined individual income tax, penalties and interest, and have filed all required returns.
• Businesses must owe $25,000 or less in payroll taxes and have filed all required returns.
If you meet these requirements, you can apply for an online payment agreement.
Small Businesses with employees can apply for an in-Business Trust Fund Express installment agreement
• These installment agreements generally do not require a financial statement or financial verification as part of the application process.
Understand your agreement & avoid default
• Your future refunds will be applied to your tax debt until it is paid in full;
• Pay at least your minimum monthly payment when it’s due;
• Include your name, address, SSN, daytime phone number, tax year and return type on your payment;
• File all required tax returns on time & pay all taxes in-full and on time (contact us to change your existing agreement if you cannot);
• Make all scheduled payments even if we apply your refund to your account balance; and
• Ensure your statement is sent to the correct address, contact us if you move or complete and mail Form 8822, Change of Address (PDF).
If you don’t receive your statement, send your payment to the address listed in your agreement.
There may be a reinstatement fee if your agreement goes into default.
Penalties and interest continue to accrue until your balance is paid in full. If you are in danger of defaulting on your payment agreement for any reason, contact us immediately.
IRS will generally not take enforced collection actions:
• When an installment agreement is being considered;
• While an agreement is in effect;
• For 30 days after a request is rejected, or
• During the period the IRS evaluates an appeal of a rejected or terminated agreement.
The Offer in Compromise Program.
When you call our office to review your current financial statement and find out first if you can settle your tax debt.
Anytime a taxpayer calls our office regarding tax debt, we immediately want to find out if it can be settled to the offer in compromise.
One of the nice things about the program deserves a pre-qualifier tool so a taxpayer does not need to spend any money to find out whether they are eligible for this program.
It is important to know that all your tax returns need to be filed with the Internal Revenue Service to keep Uncle Sam happy. We can prepare your back tax returns with little or no records.
If you owe back IRS taxes call us today for a free initial tax consultation and learn the truth about dealing with IRS if you owe back taxes.
When you retain a firm like fresh start tax llc, you are retaining integrity, character, experience and affordable pricing.
If you have gotten behind on your taxes call us today within minutes we can explain your options.
When you call our office you’ll speak to a true IRS tax expert and not a salesperson who can assure that you will get the best possible settlement available with the Internal Revenue Service.
Owe IRS Taxes + How To Make a Payment Plan, Other Tax Help Options + Former IRS
by Jim Magary | Jan 28, 2016 | Tax Help
Affordable former IRS agents and managers who know the system. Since 1982, A+ rated BBB.
The IRS sends out approximately 150,000,000 notices and letters each year to individual taxpayers, businesses and Corporation that have issues and problems with Internal Revenue Service.
At the very beginning of this IRS process, the Service simply sends an information notice out requesting the taxpayer to write them or call them back to resolve the issue.
All IRS notices are systematically loaded on IRS’s CADE2 computer system and if the issue has been resolved, the IRS amps up their rhetoric until IRS’s ready to take enforcement and the letters become much more threatening.
Generally, when we file a power of attorney with Internal Revenue Service and make a simple call with an exit strategy on how to resolve the tax problem, we can immediately begin to disarm Internal Revenue Service and put the case on a hold or freeze until we can directly deal with the issue.
If you have received a threatening letter from Internal Revenue Service you can call us today for a free initial tax consultation and we can help disarm the problem NOW.
We have over 206 years of professional tax experience and over 65 years of working directly for Internal Revenue Service in the local, district, and regional tax offices of the IRS.
Call us today for a free initial tax consultation and begin to end your problem right now.
We know the system so well that we were former IRS agents that taught new IRS agents their jobs and his former agents we used to send out these threatening letters so we know how to reverse the process.
Receiving Threatening Letter From the IRS + Stop Then Right NOW = Former IRS + Since 1982
by Jim Magary | Jan 28, 2016 | Tax Help
Have former IRS agents and managers negotiate the lowest possible Tax Settlement. We know the system.
We know the system inside and out and are some of the most affordable, trustworthy and notable experts nationwide.
I was a former IRS agent & teaching instructor of the offer in compromise program.
I have negotiated hundreds of offers for the Internal Revenue Service and I know the system inside and out. We can obtain the lowest possible settlements for those who owe back taxes.
If you are trying to negotiate a fact settlement Internal Revenue Service to settle your tax debt that process is called an offer in compromise.
Last year over 78,000 offers in compromise/tax negotiation were filed by taxpayers and over 38% of those were accepted for average of $6500 per case. Much of the success of this program is due to the pre-qualifier tool.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement.Knowing the formulas that IRS uses is the best way to settle your debt for the lowest amount possible. These formulas are posted on our website. When you call our office we walk you through the formulas.
We will not file for an offer in compromise unless you are a true candidate for the program. There is an IRS pre-qualifier tool that we review with our clients before we file for the offer in compromise.
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.
As a former IRS agent, I was a teaching instructor for the offer in compromise, the IRS tax debt settlement program. 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. Be careful not to be ripped off by tax resolution companies that think they can settle your case for pennies on a dollar unless you know the program and have walked through the pre-qualifier tool.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed so use caution.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
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.
The question, Is pennies on the dollar possible to settle or negotiate 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.
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.
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.
Right now there are over 7500 cases in the offer queue to be worked.
We are a full-service firm with an expertise in any IRS tax debt matter including offering compromise.
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.
Types of Offers or Negotiations of IRS Tax Settlement +
• 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. the Internal Revenue Service will not fully accept an offer unless you meet the terms on the offer form. many offers are immediately returned and cannot be negotiated because taxpayers have filled the form out incorrectly.
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 or tax negotiation
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 to negotiate your taxes for pennies on the dollar through the offer in compromise program.
We call our office you will speak to a true IRS tax professional.
Call us today for a free initial tax consultation and speak to a true IRS expert about the offer in compromise the way to settle your tax debt for pennies on a dollar if you qualify and how to negotiate for the lowest possible dollars.
Negotiate IRS Taxes + Former IRS Agents Know Lowest Possible Settlements
by Jim Magary | Jan 28, 2016 | Tax Help
We are the affordable and experienced professional firm that specializes in IRS taxes and unfiled tax returns. Since 1982. A plus Rated BBB. Clear everything up at one time.
We are composed of CPAs and former IRS agents and managers who have logged over 65 years as former IRS employees.
If you owe back taxes to the Internal Revenue Service and have unfiled returns we can file and settle all the same time. You will never have to speak to the Internal Revenue Service.
After you file your back taxes and you owe tax money you have different options available to you.
Options Available : You maybe able to settle, make payments or be placed in a hardship.
Call us today are all the options available if you owe IRS money and back taxes or need to file back tax returns.
Not only were we former IRS agents and managers who are teaching instructors for new IRS agents. We know every possible program IRS as we can explain to each and every option if you owe IRS back taxes or have unfiled tax returns.
We understand the protocols, settlement theories, and each system IRS has to deal with your particular situation.
If you owe back IRS taxes we can explain to you the various options you have and how IRS will settle your case.
There are various programs available for those who are looking for tax debt forgiveness.
Current IRS programs available to deal with those “who owe back taxes ”
IRS must have a standard that they use nationwide to determine how they go ahead and settle back tax issue or back tax problems. If there was no standard it would be a free-for-all in there be a huge break down in the system.
So IRS in their wisdom created an available standard and knowing the system is key to success.
IRS uses a current financial statement to determine how are they are in a deal with the back IRS tax debt.
IRS wants review of a 433F, which is their version of a financial statement, along with three months worth of bank statements and pay stubs.
They were also we want to review your current monthly expenses. There are national standards IRS uses as comparison methods.
Tax Options if you got behind on back taxes to the IRS
Once IRS carefully review your financial statement there are generally two options available to you.
1. Over 40% of current cases in which taxpayers owe back taxes those cases are put into a non-collectible a hardship status which means they will stay there for two or three years, with penalties and interest running and will review the case somewhere down the road.
2. While as 6.5 million taxpayers opt for the installment or payment agreement method to pay IRS back the debt.
Once again your current financial statement along with documentation is key for resolving your IRS back taxes. IRS also has a small sundry list of options for online payments which we can determine which is best for you.
There is a third available option if you can meet the standard in criteria it is called the offer in compromise or tax debt settlements.
The Offer in Compromise Program.
When you call our office to review your current financial statement and find out first if you can settle your tax debt.
Anytime a taxpayer calls our office regarding tax debt, we immediately want to find out if it can be settled to the offer in compromise.
One of the nice things about the program deserves a pre-qualifier tool so a taxpayer does not need to spend any money to find out whether they are eligible for this program.
It is important to know that all your tax returns need to be filed with the Internal Revenue Service to keep Uncle Sam happy. We can prepare your back tax returns with little or no records.
If you owe back IRS taxes call us today for a free initial tax consultation and learn the truth about dealing with IRS if you owe back taxes.
When you retain a firm like fresh start tax llc, you are retaining integrity, character, experience and affordable pricing.
When you call our office you’ll speak to a true IRS tax expert and not a salesperson who can assure that you will get the best possible settlement available with the Internal Revenue Service.
Owe Back IRS Federal Taxes & Have Unfiled Tax Returns + Former IRS Agent Firm + Since 1982
by Jim Magary | Jan 28, 2016 | Tax Help
We are the affordable and experienced professional firm that specializes in IRS/Federal Tax Debt. Since 1982. A plus Rated BBB.
We are composed of CPAs and former IRS agents and managers who have logged over 65 years as former IRS employees. Owe Money on a Federal Tax Bill, no problem!
Options available if you owe back federal taxes :
You maybe able to,
1. settle,
2. make payments or,
3.be placed in a hardship.
Call us today are all the options available if you owe IRS money and back taxes or need to file tax returns.
Not only were we former IRS agents and managers who are teaching instructors for new IRS agents. We know every possible program IRS as we can explain to each and every option if you owe IRS back taxes.
We understand the protocols, settlement theories, and each system IRS has to deal with your particular situation.
If you owe back IRS taxes we can explain to you the various options you have and how IRS will settle your case.
There are various programs available for those who are looking for tax debt forgiveness.
Current IRS programs available to deal with those “who owe back taxes ”
IRS must have a standard that they use nationwide to determine how they go ahead and settle back tax issue or back tax problems. If there was no standard it would be a free-for-all in there be a huge break down in the system.
So IRS in their wisdom created an available standard and knowing the system is key to success.
IRS uses a current financial statement to determine how are they are in a deal with the back IRS tax debt.
IRS wants review of a 433F, which is their version of a financial statement, along with three months worth of bank statements and pay stubs.IRS will only accept their financial statement for review.
They were also we want to review your current monthly expenses. There are national standards IRS uses as comparison methods.
Once IRS carefully review your financial statement there are generally two options available to you.
1. Over 40% of current cases in which taxpayers owe back taxes those cases are put into a non-collectible a hardship status which means they will stay there for two or three years, with penalties and interest running and will review the case somewhere down the road.
2. While as 6.5 million taxpayers opt for the installment or payment agreement method to pay IRS back the debt.
Once again your current financial statement along with documentation is key for resolving your IRS back taxes. IRS also has a small sundry list of options for online payments which we can determine which is best for you.
There is a third available option if you can meet the standard in criteria it is called the offer in compromise or tax debt settlements.
The Offer in Compromise Program for tax settlements.
When you call our office to review your current financial statement and find out first if you can settle your tax federal tax debt.
Anytime a taxpayer calls our office regarding tax debt, we immediately want to find out if it can be settled to the offer in compromise.
One of the nice things about the program deserves a pre-qualifier tool so a taxpayer does not need to spend any money to find out whether they are eligible for this program.
It is important to know that all your tax returns need to be filed with the Internal Revenue Service to keep Uncle Sam happy.
We can prepare your back tax returns with little or no records.
If you owe back IRS taxes call us today for a free initial tax consultation and learn the truth about dealing with IRS if you owe back taxes.
When you retain a firm like fresh start tax llc, you are retaining integrity, character, experience and affordable pricing.
If you have gotten behind on your taxes call us today within minutes we can explain your options.
When you call our office you’ll speak to a true IRS tax expert and not a salesperson who can assure that you will get the best possible settlement available with the Internal Revenue Service.
When you call our office you will speak to true IRS tax experts. Since 1982 we have resolving those taxpayers who owe federal income tax debt. We are A+ rated company by the Better Business Bureau.
Owe Federal Income Tax, Settle Your Tax Bill + Former IRS, Since 1982
