Problems with Income, Business Tax – Income Tax Help with Former IRS Agents 1-866-700-1040      Free Consults for Tax Problems
We are comprised of tax attorneys, CPAs, and former IRS agents managers and tax instructors.
Stop the worry today.
We have over 60 years of direct work experience at the Internal Revenue Service in positions as agents, managers, instructors and appeals agents.
There is no income or business tax problem that we cannot handle.
All our work is done in-house and we are A+ rated by the Better Business Bureau.
You can contact us today for a free tax consultation and we can go over all the tax options with you to help remedy your problems with income or business  tax.
For any IRS problem it only makes sense to contact former IRS agents and managers.
How we Settle and Negotiate your IRS Problem with income or business tax with the Internal Revenue Service:

1. We  can immediately send 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.

2. We will make sure all your tax returns are filed and current.
If your  income or business tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant with all tax laws.
We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We are experts in tax reconstruction.

3. The IRS requires a current financial statement.
We will secure a required 433-A  or 433F (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs. All financial statements will need to be fully verified for documentation.

IRS Tax Settlement Agreements can be in different forms:
a.  Tax Hardships.
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 or Installment 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 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.
Installment Agreements and Small Businesses –  Tax resolutions
The IRS will also make streamlined Installment Agreements available to more small businesses. The payment program will raise the dollar limit to allow additional small businesses to participate.
Small businesses with $25,000 or less in unpaid tax can participate.
Currently, only small businesses with under $10,000 in liabilities can participate. Small businesses will have 24 months to pay.
The streamlined Installment Agreements will be available for small businesses that file either as an individual or as a business.
Small businesses with an unpaid assessment balance greater than $25,000 would qualify for the streamlined Installment Agreement if they pay down the balance to $25,000 or less.
Small businesses will need to enroll in a Direct Debit Installment Agreement to participate.
Offers in Compromise,  IRS Tax Debt Settlements
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate. In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
Offers in compromise are subject to acceptance based on legal requirements. An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
If you will money to IRS the new fresh start tax initiative is for you. Call us today for free tax consultation and see if you qualify for the program.
 
Problems with Income, Business Tax – Income Tax Help with Former IRS Agents