Back Taxes – Unfiled Tax Returns & IRS Tax Settlements 1-866-700-1040
We have Solutions and Tax options for you to get your life back in order. Do not let back taxes, unfiled tax returns keep you from sleeping at night.
We are former IRS agents and managers who know every possible tax solution available to get you immediate and permanent tax relief on back taxes or unfiled tax return issues.
We can file any back taxes unfiled and work out a tax settlement all at the same time.
If you owe IRS back taxes and you need immediate tax resolution and representation to retire your IRS debt contact us today for a free initial contacts consultation.
We are comprised of IRS tax attorneys, tax lawyers, certified public accountants, enrolled agents, and former IRS agents and managers.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service and the local, regional, and district offices of the Internal Revenue Service. While at the Internal Revenue Service we taught tax law.
We are true experts in back taxes resolution, unfiled tax returns and IRS tax settlements called the offer in compromise program.
How to Resolve your Back Taxes Issues
To be able to resolve your back taxes issue with the Internal Revenue Service there is a very specific format and tax procedures that must be followed.
First of all, all back tax returns must be filed in brought up-to-date and current with the Internal Revenue Service before they will go forward and close out your case off the IRS enforcement computer system.
Once the IRS knows that all your back tax returns are filed and you are up to date they will then make sure that you have a proper amount of withholding or estimate tax payments being made for the current year to move forward to close case permanently.
The Internal Revenue Service will usually close your case in one of three ways.
IRS will require a personal financial statement which is on form 433-F. You can find this form on our website. IRS will require that financial statement to be fully filled out and require all documentation to go along in support all the figures that appear on the form.
IRS will all also ask for the last three months of bank statements, copies of pay stubs, in all your monthly bills and receipts to verify that you have paid them. IRS will then apply the national standard tests to determine how they will handle enclosure case.
As a general rule there are three closing methods.
The Internal Revenue Service will determine after the review of your financial statement that you are either in financial hardship, or that you can make periodic installments or monthly payments, or you are a tax settlement candidate which is called the offer in compromise. You can negotiate with Internal Revenue Service and agree with one of the three clothing methods.
All the closing methods on back taxes the use the IRS financial statement. It is critically important to fill out correctly and understand the IRS 433-F financial statement. Being a former IRS agent I would never advise any taxpayer to give IRS a financial statement unless it is professionally reviewed.
IRS Tax Settlements
An offer in compromise allows you to settle your tax debt for less than the full amount you owe.
It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS will consider your unique set of facts and circumstances:
1. Ability to pay;
2. Income;
3. Expenses; and
4. Asset equity.
The Internal Revenue Service generally approve an offer in compromise/tax settlement when the amount offered represents the most we can expect to collect within a reasonable period of time.
You should explore all other payment options before submitting an offer in compromise. The Offer in Compromise program is not for everyone.
If you hire a tax professional to help you file an offer, be sure to check his or her qualifications. Make sure you check the Better Business Bureau website before giving your money to any tax firm. Fresh start tax has an A+ rating by the Better Business Bureau.
Make sure you are eligible for a Back Tax Settlement
Before the can consider your offer settlement, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
You can use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submit your Offer or Tax Settlement
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). You can also view the “Complete Form 656” video.
Your completed offer package will include:
a. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms,
b. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
c. $150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
Select a payment option on back tax settlements
Your initial payment will vary based on your offer and the payment option you choose:
A. 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.
B. 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.
Call us today for a free initial tax consultation and find out if you qualify for an offer in compromise, tax debt settlement.
Back Taxes – Unfiled Tax Returns & Tax Settlements – Former IRS – We know the System
