Need a IRS Payment Plan – IRS Tax Problem Help
We can solve any of your IRS problems and tax issues.
If you are in need of IRS tax help call us today and get your life back in order and STOP the worry. Let our experience be your best friend.
Call us or visit our offices today. 1-866-700-1040.
How the IRS will handle your unpaid tax bill.
IRS has a very systematic way that it deals with back tax debt. IRS evaluates each case separately on its own set of facts and circumstances. There are really no two cases the same.
IRS will require a 433A or a 433F ( financial statement ) as a basis for making a determination on your present financial condition.
IRS main thrust will be reviewing assets and income. IRS will apply the National Standards Tests to use as allowable expenses. Each area of the country has applicable National Standards. IRS will apply these expenses against your income to determine if you have available income to pay the IRS.
You can find the National Standards on our website. Go to the home page and look at the top tool bar for IRS forms. You will find the National Standard link at the top.
IRS has 3 closing methods they can apply to your case.
Based on your financial statement IRS may put your case in temporary hardship, may ask you to submit an Offer in Compromise which is also a tax debt settlement, or the IRS may determine to close the case with a installment or payment arrangement.
If you cannot pay the tax in full and need to make payments.
You can make monthly payments through an installment agreement if you’re not financially able to pay your tax debt immediately.
However, you will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill in full.
Before you apply you must make sure the following is addressed:
1. File all required tax returns;
2. Consider other sources (loan or credit card) to pay your tax debt in full to save money;
3. Determine the largest monthly payment you can make ($25 minimum); and
4. Know that your future refunds will be applied to your tax debt until it is paid in full.
You can avoid the fee for setting up an installment agreement or installment agreement:
If you pay the full amount you owe within 120 days to avoid the fee.
Just call our firm to get started today.
If you cannot pay the full amount within 120 days, the fee for setting up an agreement is:
* $52 for a direct debit agreement;
* $105 for a standard agreement or payroll deduction agreement; or
* $43 if your income is below a certain level.
Apply for an installment agreement
Fresh Start Tax LLC will apply online if you owe $50,000 or less in combined individual income tax, penalties and interest.
If you owe more than $50,000 you will need to complete a form 433A along with complete documentation.
At this point we will call the IRS and get a tax solution that best fits your financial needs.
Call us today, 1-866-700-1040.
