Tax Programs – Settle IRS Tax Debts on Back Taxes – Attorneys, Former IRS – We get results
The specific program to Settle Back IRS Tax Debt is called the OIC or the Offer in Compromise.
I was a Former IRS Offer in Compromise Tax Specialist at the IRS. I taught Offer Program to new IRS agents and also taught the Program at the IRS Regional Training Center.
I am a Tax Expert in IRS Debt Settlement.
Fresh Start Tax LLC will give you a no cost professional tax consultation to see if you qualify for the PROGRAM. 1-866-700-1040
A CAUTION – Do not give your money to any tax firm that tells you they can settle for pennies on a dollar unless they completely review your current financial condition and you fill out a 433OIC. No one can tell you in good faith you can settle your tax debt until you make a financial disclosure to make sure you meet the term and conditions of a Offer in Compromise.
Do not get ripped off by scam companies. Check them out first!
I have reviewed hundred upon hundreds of Offer in Compromise and the program is very specific and detailed however if you qualify you will be a very happy person.
Today the National Average of acceptance is the highest it has ever been. 30% of all offers in compromise are accepted by the IRS.
The IRS Offer in Compromise or IRS Tax Debt Settlement Program
An offer in compromise allows you to settle your IRS tax debt on back taxes for less than the full amount you owe.
It is a legitimate option if you cannot pay your full IRS tax liability or doing so creates a financial hardship.
The IRS will consider your unique set of facts and circumstances. Each case is different and no two cases are the same.
IRS will evaluate your settlement offer on back taxes based on some of the following:
a. Ability to pay back the IRS;
b. Current Income;
c.Monthly Expenses and,
d. Equity in all your assets.
IRS generally will approve an offer in compromise when the amount offered represents the most IRS can expect to collect within a reasonable period of time.
The Offer in Compromise program is not for everyone.
Make sure you are eligible to settle your back taxes.
Before the IRS will consider your offer in compromise you must be current with all filing and payment requirements.
You are not eligible to settle IRS Tax Debt on Back Taxes if you are in an open bankruptcy proceeding.
To Submit your Offer in Compromise
You will need to complete a;
a. Form 433-A (OIC) (individuals) or
b. 433-B (OIC) (businesses) and all required documentation as specified on the forms,
c. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656,
d. $150 application fee (non-refundable); and
e. Initial payment (non-refundable) for each Form 656.
Select a payment option to settle with the IRS
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.
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 offer in compromise process to settle IRS tax debt.
While your offer is being evaluated:
a. 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);
b. A Notice of Federal Tax Lien may be filed;
c. Other collection activities are suspended;
The legal assessment and collection period is extended;
d. Make all required payments associated with your offer;
e. You are not required to make payments on an existing installment agreement; and
Call us today to find out if you qualify for the Offer in Compromise Program 1-866-700-1040 Free initial consult. Speak directly to a professional.
Tax Programs to Settle IRS Tax Debt on Back Taxes – IRS Attorneys, Former IRS – We get results – Offer in Compromise
