Local IRS Tax Relief from Back Taxes or Unfiled Tax Returns
Fresh Start Tax LLC
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627 1-866-700-1040
Call us today for a no cost professional tax consultation. you can speak directly to true tax experts certified by the IRS to settle your IRS tax debt and get you tax relief.
If you are encountering a IRS or State Tax Problem and need IRS or State Tax Help call us today for a no cost consultation, 1-866-700-1040. We are a local tax firm.
We have over 206 years of professional tax experience and over 60 years of direct IRS and State Tax Experience for tax relief on back tax and unfiled, past due or late tax returns.
How to Resolve Owing Back IRS Taxes or Unfiled Tax Returns
IRS has different methods in working with taxpayers that owe delinquent back taxes and need tax relief.
There are one of three programs that you are eligible for when you owe back taxes.
IRS will either place your case into a Hardship or Noncollectable status, a installment payment or payment plan, or the IRS will entertain an offer in compromise or a tax debt settlement.
What drives the tax resolution by the IRS.
IRS has a standardized financial statement that you will be filling out. Whether you are a individual or own a business everyone is required to fill out and completely document a 433F or a 433A. These form vary depending on the Unit working the case.
IRS will require you have to have all tax returns filed and current to date.
How Fresh Start Tax LLC will settle and negotiate your case with the Internal Revenue Service:
1. Fresh Start Tax LLC immediately sends a power of attorney to the IRS letting them know we are now your tax representative. You will never have to speak to the IRS. We handle all communication and tax settlement.
2. Fresh Start Tax LLC will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS can and will refuse to work your case.
This is leverage that the IRS will use to get you tax compliant. Fresh Start Tax LLC can and will pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We are tax masters of reconstruction. We can file all your back tax returns within days.
3. The IRS requires a current financial statement. We will secure a required 433-A (IRS financial statement) or a 433F, verify the income and expenses and work out a settlement agreement with the IRS.
The IRS will require a closing settlement method for each case.
4. Settlement agreements and methods are either hardships, installment payments or the filing of an offer in compromise. All 3 types of settlements close your case off of the IRS enforcement computer.
5. We will review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
What are the Forms of IRS Tax Debt Settlement Agreements on back taxes on unfiled tax returns.
a. Hardship Settlements.
Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements.
Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. IRS Offer in Compromise. There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility.
Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability.
A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
1. the examiner made a mistake interpreting the law,
2. the examiner failed to consider the taxpayer’s evidence or
3. the taxpayer has new evidence.
3. Effective Tax Administration / Exceptional or Usually Circumstances.
There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable. You must have extraordinary experiences.
Call us today for no cost consult. We are your local tax representatives. 1-866-700-1040.
IRS Tax Relief from Back Taxes or Unfiled Tax Returns – Local Tax Help