OWE IRS – Here are your options – Payment Plans, Hardships, Tax Settlements – Former IRS  1-866-700-1040

 
If you owe the IRS and wish to explore closing your case off the IRS enforcement action contact us today.
We are tax experts in solving problems when taxpayers over the IRS. You will generally find there are three options of closing your case with the Internal Revenue Service.
We can discuss the various options which include payment or installment agreements, IRS tax hardships or the IRS tax debt settlement call the offer in compromise.(these are the main options)
If you owe the IRS, most of the tax solutions and options available to you will greatly depend on your current financial condition.
In many cases, the IRS will require a 433F which is their version of a financial statement. You can find that form on our website and you must be prepared to have that form fully documented and verified so the Internal Revenue Service can review your current financial situation.
 
 

Wish to Make a IRS Payment Plans, Installment Agreements

 
 
You can make monthly payments through an installment agreement if you’re not financially able to pay your tax debt immediately.
However, you will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill in full. If you have reasonable cause you can look to abate or eliminate penalties and interest should they exist. You can find a great penalty abatement strategies on our website.
 
 

Before you apply for a payment plan or a installment agreement:

• File all required tax returns;

• Consider other sources (loan or credit card) to pay your tax debt in full to save money;

• Determine the largest monthly payment you can make ($25 minimum); and

• Know that your future refunds will be applied to your tax debt until it is paid in full.

Fees for setting up an installment agreement:

 
a. $52 for a direct debit agreement;
b. $105 for a standard agreement or payroll deduction agreement; or
c. $43 if your income is below a certain level.
 

Understand your Payment Plan Agreement, avoid default

 
To keep your account in good standing:
1. Pay at least your minimum monthly payment when it’s due (direct debit or payroll deductions make this easy);
2. Include your name, address, SSN, daytime phone number, tax year and return type on your payment;
3. File all required tax returns on time;
4. Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot);
5. Continue to make all scheduled payments even if we apply your refund to your account balance; and
6. Ensure your statement is sent to the correct address, contact us if you move or complete and mail Form 8822, Change of Address (PDF).
If you don’t receive your statement, send your payment to the address listed in your agreement.
 

There may be a reinstatement fee on defaulted Payment Plans

 
There may be a reinstatement fee if your agreement goes into default.
Penalties and interest continue to accrue until your balance is paid in full. If you are in danger of defaulting on your payment agreement for any reason, contact the IRS immediately.
 

 IRS Tax Hardships, Currently non-collectible

 
After the Internal Revenue Service reviews your current financial statement you may be able to apply for an IRS tax hardship which is called currently not collectible.
After a careful review of your financial statement (433F) the Internal Revenue Service may find you have more expenses than income and you meet the necessary living expenses as well as the national and regional tests. Before you can make any rational decisions on your case you must understand the national and regional standard programs.
You can find those necessary living expenses on our website.
If IRS so chooses to place your case in a tax hardship that will usually stay in that program for two or three years until you have the necessary income to start making payments or to make a tax settlement.
You can find out if you qualify for IRS tax hardship by scanning or faxing over your financial statement.
We will review your financial statement and within five minutes let you know if you qualify for tax hardship treatment.
 

IRS Tax Settlements

 
IRS receives 58,000 offers in compromise every year and accepts approximately  25%. Offers in compromise take anywhere from 6 to 9 months to work by the Internal Revenue Service.
An IRS tax settlement is called an offer in compromise.
This is a very complex process and should never be tried by taxpayers with no experience in attempting to settle their case with Internal Revenue Service.
Being a former IRS agent in teaching instructor very few taxpayers can do this on their own with any success. To help taxpayers at reach out to us you will find an IRS pre-qualifier on our website to find out whether you can qualify for IRS tax settlement.
We will not work any cases for IRS tax settlement unless a taxpayer is a fully qualified and has filled out the IRS pre-qualifier tool.
Do not give your money to any tax firm promising you that they can get an accepted offer in compromise.
If a firm promises you is that  let me a apprise  you right now your probably speaking to a sales agent at that firm because no tax professional can make that claim.
Please keep in mind I was a former IRS agent in a instructor for 10 years and taught the IRS tax debt settlement program called the offer in compromise.
Contact us today and speak directly to tax attorneys, certified public accountants, or former IRS agents, managers and tax instructors.
We are A+ rated by the Better Business Bureau and in private practice since 1982. All first-time tax consultations are free of charge.
 
 

OWE IRS – Here are Your Options – Payment Plans, Hardships, Tax Settlements – Former IRS