Back Tax – Former Local IRS – Ft.Lauderdale, Miami, West Palm, Florida Keys 954-492-0088
If you are having issues on any back tax matters call us today for a free initial tax consultation.
If you owe back taxes or have not filed back tax returns we are your local South Florida tax experts who have resolved hundreds of hundreds of South Florida cases.
Being former IRS agents in the South Florida office gives us a tremendous advantage over other tax firms. You can come by and visit our office for a free tax consultation.
You will consult directly to tax attorneys and CPAs or former IRS agents, managers and instructors on your back tax issues.
We have over 206 years of professional tax experience in over 60 years of working directly for the Internal Revenue Service and the local South Florida IRS offices.
If you have any issues with your back taxes with either the Internal Revenue Service or the State of Florida contact us today for immediate and permanent tax resolution on your back tax issues or your back tax problems.
All our work is done in-house and we are A+ rated by the Better Business Bureau. We have been serving South Florida since 1982.
The new fresh start program by Internal Revenue Service can help you resolve your back tax problems
The new Fresh Start Program by the Internal Revenue Service:
The Internal Revenue Service six months ago made major changes in the way they deal and handle taxpayers that all back taxes.
The new Fresh Start program is going to help out thousands and thousands upon taxpayers to go ahead and more readily and easily handled their IRS tax problems. IRS has made dealing with back taxes a much easier. Contact us directly today for more details.
Please find below changes made in back taxes due to the new Fresh Start Program.
IRS Federal Tax Lien Thresholds.
The IRS will significantly increase the dollar thresholds when federal tax liens are generally filed.
The new dollar amount is in keeping with inflationary changes since the number was last revised. Currently, federal tax liens are automatically filed at certain dollar levels for people with past-due balances on back taxes. IRS must file tax liens if a tax liability is over $10,000.
A federal tax lien gives the IRS a legal claim to a taxpayer’s property for the amount of an unpaid tax debt. Filing a Notice of Federal Tax Lien is necessary to establish priority rights against certain other creditors.
Usually the federal government is not the only creditor to whom the taxpayer owes money.
A federal lien informs the public that the U.S. government has a claim against all property, and any rights to property, of the taxpayer. A federal tax lien is different from a federal tax levy. For more information on this go to our website.
This includes property owned at the time the notice of lien is filed and any acquired thereafter. A federal tax lien can affect a taxpayer’s credit rating, so it is critical to arrange the payment of taxes as quickly as possible.
IRS Federal Tax Lien Withdrawals to help Back Tax Problems
The IRS will also modify procedures that will make it easier for taxpayers to obtain lien withdrawals.
Federal Tax Liens will now be withdrawn once full payment of taxes is made if the taxpayer requests it. The IRS has determined that this approach is in the best interest of the government.
In order to speed the withdrawal process, the IRS will also streamline its internal procedures to allow collection personnel to withdraw the liens.
Direct Debit Installment Agreements and Federal Tax Liens
The IRS is making other fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement .
For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:
Lien withdrawals for taxpayers entering into a Direct Debit Installment Agreement.
The IRS will withdraw a lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement.
The IRS will also withdraw liens on existing Direct Debit Installment agreements upon taxpayer request.
Federal Tax Liens will be withdrawn after a probationary period demonstrating that direct debit payments will be honored.
This lowers user fees and saves the government money from mailing monthly payment notices.
IRS Installment Agreements and Small Businesses on Back Tax
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.
Streamlined installment agreements on Back Tax
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 tax 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 or 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. Tax Participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
Compromises or Tax Debt Settlements are subject to acceptance based on legal requirements. Call us for more details.
An offer-in-compromise ( OIC ) 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 will looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
Call us today to see if you qualify for an offer in compromise or tax debt settlement. Call us today for more details. A offer in compromise should not be filed by anybody who is not qualified in the preparation and negotiations of offers in compromise.
We have on staff former IRS agents we have worked hundreds and hundreds of offers in compromise. Call us today to find out the truth about tax debt settlements.
