by Jim Magary | Apr 27, 2016 | Tax Help
We are the affordable tax firm who provides a free consultation & have remedies to end your tax debt.
There are various options available to taxpayers who owe back taxes.
As a former IRS agent teaching instructor there generally six ways to deal with these outstanding tax debt.
Taxpayers must know they must develop an exit strategy to go ahead and to sooner or later extinguish the tax debt.
When you call our office we will review with you the different strategies based on your current financial statement.
The six most common ways that taxpayers will eventually opt into are the following.
- taxpayers will eventually borrow the money to pay the tax often full,
- taxpayers will enter a payment plan with the Internal Revenue Service,
- taxpayers will have their cases put into an IRS hardship are currently uncollectible,
- taxpayers will settle their debt to the offer in compromise program,
- taxpayers will file a Chapter 7 bankruptcy proceeding,
- while lastly the ten-year statute of limitation may expire and the debt will go away permanently.
If you are dealing with an outstanding tax liability and need to have your case reviewed for free initial tax consultation call us today to speak to true IRS experts know exactly how to deal with back tax debt.
We are a full-service firm with a specialty in IRS and state tax resolution.
It is important for taxpayers to know that any time you have an outstanding tax liability that Internal Revenue Service will want all tax returns filed upon their initial text contact.
This is so-called full compliance check.
If you need help with the filing of your back taxes, call us and we can prepare your tax returns with or without records. We are tax reconstruction experts.
Some IRS tax statistics.
For tax payers with outstanding liabilities the IRS tax statistics show that 40% of all open IRS collection cases are put into a currently not collectible or hardship case status, 6.5 million people enter into monthly installment payments, and 38% of all those who file offers in compromise get accepted for an average settlement of around $5000.
Call us today for free initial tax consultation.
I Owe IRS + Cant Pay in Full + List of Options
by Jim Magary | Apr 27, 2016 | Tax Help
The affordable tax firm who can take care of your outstanding tax liability in back taxes. Since 1982.
There are various options available to taxpayers who have outstanding tax liability. As a former IRS agent teaching instructor there generally six ways to cope with these outstanding taxes.
Taxpayers must know they must develop an exit strategy to go ahead and to sooner or later extinguish the tax liability.
The Six most common ways that taxpayers will eventually opt into are the following.
- taxpayers will eventually borrow the money to pay the tax often full,
- taxpayers will enter a payment plan with the Internal Revenue Service,
- taxpayers will have their cases put into an IRS hardship are currently uncollectible,
- taxpayers will settle their debt to the offer in compromise program,
- taxpayers will file a Chapter 7 bankruptcy proceeding,
- while lastly the ten-year statute of limitation may expire and the debt will go away permanently.
If you are dealing with an outstanding tax liability and need to have your case reviewed for free initial tax consultation call us today to speak to true IRS experts know exactly how to deal with back tax debt.
We are a full-service firm with a specialty in IRS and state tax resolution.
It is important for taxpayers to know that any time you have an outstanding tax liability that Internal Revenue Service will want all tax returns filed upon their initial text contact.
This is so-called full compliance check.
If you need help with the filing of your back taxes, call us and we can prepare your tax returns with or without records.
Some tax statistics.
For tax payers with outstanding liabilities the IRS tax statistics show that 40% of all open IRS collection cases are put into a currently not collectible or hardship case status, 6.5 million people enter into monthly installment payments, and 38% of all those who file offers in compromise get accepted for an average settlement of around $5000.
Call us today for free initial tax consultation.
Outstanding Tax Liability + List of Available Options + Former IRS
by Jim Magary | Apr 26, 2016 | Tax Help
If you have not filed taxes in many years? Find out how easy the process can be. Get Back in the System Worry Free.
If you haven’t filed or paid your taxes since one, two, five, 10 tax year’s call us today and hear the truth on how we can immediately and permanently solve your IRS tax problem. we are true IRS experts.
We have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service. We can completely and permanently fix your IRS tax problem.
We have 206 years of professional tax experience and are true IRS tax experts.
If you have not filed back taxes and are going to owe back tax debt we can resolve your total tax problem all that one time.
We are a full-service firm with an expertise and specialty in those who will back tax debt and those needing to file back unfiled taxes. We can make this a very seamless and easy process for you to get back into the system worry free.
The process is very simple.
Upon a client retaining our services we immediately file a power of attorney so you will never have to speak to Internal Revenue Service.
Next we pull a IRS tax transcript to find out a summary that IRS has on your case. We will pull a tax transcripts to make sure the tax that IRS’s saying you owe is accurate and correct.
If you have not filed back tax returns we will pull IRS income transcripts and prepare your return based on IRS records.
Due to our years of service at Internal Revenue Service we can reconstruct any person’s tax return.
The next question, how many late years do you file?
IRS Policy Statement 5-133 speaks to this issue
1. Delinquent returns—enforcement of filing requirements
2. Taxpayers failing to file tax returns due will be requested to prepare and file all such returns except in instances where there is an indication that the taxpayer’s failure to file the required return or returns was willful or if there is any other indication of fraud.
All delinquent returns submitted by a taxpayer, whether upon his/her own initiative or at the request of a Service representative, will be accepted.
However, if indications of wilfulness or fraud exist, the special procedures for handling such returns must be followed.
3. Where it is determined that required returns have not been filed, the extent to which compliance for prior years will be enforced will be determined by reference to factors ensuring compliance and evenhanded administration of staffing and other Service resources.
4. Factors to be taken into account include, but are not limited to: prior history of noncompliance, existence of income from illegal sources, effect upon voluntary compliance, anticipated revenue, and collectibility, in relation to the time and effort required to determine tax due.
Consideration will also be given any special circumstances existing in the case of a particular taxpayer, class of taxpayer, or industry, or which may be peculiar to the class of tax involved.
5. Normally, application of the above criteria will result in enforcement of delinquency procedures for not more than six (6) years.
Enforcement beyond such period will not be undertaken without prior managerial approval.
Also, if delinquency procedures are not to be enforced for the full six-year period of delinquency, prior managerial approval must be secured.
Back IRS Tax Debt
If you will back tax debt because you haven’t paid your back taxes, IRS will require a current financial statement.
That financial statement will be on form 433F. You can find this form on our website.
That financial statement is a two-page form and will need to be fully documented. With that in hand, we send IRS your financial statement along with documentation and the IRS is a general rule will reach one of two conclusions.
IRS will either place you either into an:
1. uncollectible file or,
2. ask you for a monthly payment agreement.
IRS approximately places 40% of all open cases into hardship are currently not collectible and 6.5 million taxpayers end up monthly into an installment agreement. 38% of all those who file for offer compromise have their cases settled by IRS.
Both of these closing strategies are only temporary and a long-term exit strategy will be necessary.
Some taxpayers have the option of filing for an offer in compromise if they are qualified candidates.
Upon our free consultation we will completely review with you and exit strategy on how to fully resolve your tax problems.
We are the affordable tax firm, since 1982, we are A+ rated by the Better Business Bureau.
Please feel free to call us with any IRS question you have that know we are true tax experts if you need help filing unfiled tax returns.
Not Filed Taxes in Over 10 Years + We Can Fix IRS Problems
by Jim Magary | Apr 26, 2016 | Tax Help
We are an affordable tax firm that can File Unfiled Tax Returns & Settle. Since 1982. A plus Rated BBB.
If you haven’t filed or paid your taxes since one, two, five, 10 tax year’s call us today and hear the truth on how we can immediately and permanently solve your IRS tax problem. we are true IRS experts.
We have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
We have 206 years of professional tax experience and are true IRS tax experts.
If you have not filed back taxes and are going to owe back tax debt we can resolve your total tax problem all that one time.
We are a full-service firm with an expertise and specialty in those who will back tax debt and those needing to file back unfiled taxes.
The process is very simple.
Upon a client retaining our services we immediately file a power of attorney so you will never have to speak to Internal Revenue Service.
Next we pull a IRS tax transcript to find out a summary that IRS has on your case. We will pull a tax transcripts to make sure the tax that IRS’s saying you owe is accurate and correct.
If you have not filed back tax returns we will pull IRS income transcripts and prepare your return based on IRS records.
The next question, how many late years do you file?
IRS Policy Statement 5-133 speaks to this issue
1. Delinquent returns—enforcement of filing requirements
2. Taxpayers failing to file tax returns due will be requested to prepare and file all such returns except in instances where there is an indication that the taxpayer’s failure to file the required return or returns was willful or if there is any other indication of fraud.
All delinquent returns submitted by a taxpayer, whether upon his/her own initiative or at the request of a Service representative, will be accepted.
However, if indications of wilfulness or fraud exist, the special procedures for handling such returns must be followed.
3. Where it is determined that required returns have not been filed, the extent to which compliance for prior years will be enforced will be determined by reference to factors ensuring compliance and evenhanded administration of staffing and other Service resources.
4. Factors to be taken into account include, but are not limited to: prior history of noncompliance, existence of income from illegal sources, effect upon voluntary compliance, anticipated revenue, and collectibility, in relation to the time and effort required to determine tax due.
Consideration will also be given any special circumstances existing in the case of a particular taxpayer, class of taxpayer, or industry, or which may be peculiar to the class of tax involved.
5. Normally, application of the above criteria will result in enforcement of delinquency procedures for not more than six (6) years.
Enforcement beyond such period will not be undertaken without prior managerial approval.
Also, if delinquency procedures are not to be enforced for the full six-year period of delinquency, prior managerial approval must be secured.
Back IRS Tax Debt
If you will back tax debt because you haven’t paid your back taxes, IRS will require a current financial statement.
That financial statement will be on form 433F. You can find this form on our website.
That financial statement is a two-page form and will need to be fully documented. With that in hand, we send IRS your financial statement along with documentation and the IRS is a general rule will reach one of two conclusions.
IRS will either place you either into an:
1. uncollectible file or,
2. ask you for a monthly payment agreement.
IRS approximately places 40% of all open cases into hardship are currently not collectible and 6.5 million taxpayers end up monthly into an installment agreement. 38% of all those who file for offer compromise have their cases settled by IRS.
Both of these closing strategies are only temporary and a long-term exit strategy will be necessary.
Some taxpayers have the option of filing for an offer in compromise if they are qualified candidates.
Upon our free consultation we will completely review with you and exit strategy on how to fully resolve your tax problems.
We are the affordable tax firm, since 1982, we are A+ rated by the Better Business Bureau.
Please feel free to call us with any IRS question you have that know we are true tax experts if you need help filing unfiled tax returns.
How to File Unfiled Tax Returns & Settle IRS At Same Time
by Jim Magary | Apr 26, 2016 | Tax Help
We are an affordable tax firm that can File Late Years Tax Returns & Settle all at the Same Time.
We can file any and all late years tax returns and settle your case at same time for very affordable pricing. We can make this a very seamless process for you. We have helped thousands of people since 1982 to completely resolve their IRS tax issues.
Being former IRS agents we know the reconstructive methods to prepare your tax returns.
If you haven’t filed or paid your taxes since one, two, five, 10 tax year’s call us today and hear the truth on how we can immediately and permanently solve your IRS tax problem. we are true IRS experts.
We have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service. We have 206 years of professional tax experience and are true IRS tax experts.
If you have not filed back taxes and are going to owe back tax debt we can resolve your total tax problem all that one time.
We are a full-service firm with an expertise and specialty in those who will back tax debt and those needing to file back taxes.
The process is very simple.
Upon a client retaining our services we immediately file a power of attorney so you will never have to speak to Internal Revenue Service.
Next we pull a IRS tax transcript to find out a summary that IRS has on your case. We will pull a tax transcripts to make sure the tax that IRS’s saying you owe is accurate and correct.
If you have not filed back tax returns we will pull IRS income transcripts and prepare your return based on IRS records.
The next question, how many late years do you file?
IRS Policy Statement 5-133 speaks to this issue
1. Delinquent returns—enforcement of filing requirements
2. Taxpayers failing to file tax returns due will be requested to prepare and file all such returns except in instances where there is an indication that the taxpayer’s failure to file the required return or returns was willful or if there is any other indication of fraud.
All delinquent returns submitted by a taxpayer, whether upon his/her own initiative or at the request of a Service representative, will be accepted.
However, if indications of wilfulness or fraud exist, the special procedures for handling such returns must be followed.
3. Where it is determined that required returns have not been filed, the extent to which compliance for prior years will be enforced will be determined by reference to factors ensuring compliance and evenhanded administration of staffing and other Service resources.
4. Factors to be taken into account include, but are not limited to: prior history of noncompliance, existence of income from illegal sources, effect upon voluntary compliance, anticipated revenue, and collectibility, in relation to the time and effort required to determine tax due.
Consideration will also be given any special circumstances existing in the case of a particular taxpayer, class of taxpayer, or industry, or which may be peculiar to the class of tax involved.
5. Normally, application of the above criteria will result in enforcement of delinquency procedures for not more than six (6) years.
Enforcement beyond such period will not be undertaken without prior managerial approval.
Also, if delinquency procedures are not to be enforced for the full six-year period of delinquency, prior managerial approval must be secured.
Back IRS Tax Debt
If you will back tax debt because you haven’t paid your back taxes, IRS will require a current financial statement.
That financial statement will be on form 433F. You can find this form on our website.
That financial statement is a two-page form and will need to be fully documented. With that in hand, we send IRS your financial statement along with documentation and the IRS is a general rule will reach one of two conclusions.
IRS will either place you either into an:
1. uncollectible file or,
2. ask you for a monthly payment agreement.
IRS approximately places 40% of all open cases into hardship are currently not collectible and 6.5 million taxpayers end up monthly into an installment agreement. 38% of all those who file for offer compromise have their cases settled by IRS.
Both of these closing strategies are only temporary and a long-term exit strategy will be necessary.
Some taxpayers have the option of filing for an offer in compromise if they are qualified candidates.
Upon our free consultation we will completely review with you and exit strategy on how to fully resolve your tax problems.
We are the affordable tax firm, since 1982, we are A+ rated by the Better Business Bureau.
Please feel free to call us with any IRS question you have that know we are true tax experts if you need help filing back taxes.
Need to File Late Years Tax Returns + Affordable File & Settle
