IRS accepts 38% of all offers in compromise.
We are the tax specialty firm that can file all your back tax returns and settle with the Internal Revenue Service all of the same time.
We have over 206 years of professional tax experience, over 60 years of working directly for the Internal Revenue Service and we are A+ rated by the Better Business Bureau.
We are available for any free consultation at any time. You can speak directly to a true tax professional.
If you need to file back tax returns with the Internal Revenue Service you can do that in one step.
Being former IRS agents, managers and tax instructors we can make this a very simple process for you to get back in the system and settle your case.
 
File Back Tax Returns – The How to:

 
1. The first step in the process is to determine when you last filed your income tax return so you know what documents to collect.  If you have no idea, we can simply call the Internal Revenue Service for you and get a full tax transcript.
That will let us know what the last filed back tax year was on record.  Also we will a income transcript, the IRS income reports for you over the last seven years.
You should not fear  or worry about contacting the IRS because they already know you haven’t filed they just have not got around to working your case.
2. Keep in mind if you do not file a tax return the IRS can file your tax return under 6020 B code section. This is called a substitute for return.
If the IRS prepares your tax return you can bet they are going to do you no favors you will pay the highest amount allowed by law. Once the Internal Revenue Service assesses your tax you can expect enforce collection actions within the next 90 days.
3.  After receiving the IRS tax transcripts we will prepare your back tax returns making sure you pay the lowest amount possible. Our seasoned and skilled ex-IRS agents know all the deductions and formulas to make sure you are paying the lowest amount of tax.
4. We will also file a power of attorney with the Internal Revenue Service so you will never have to speak to an agent or to any other party. All communication and correspondence will go through our offices.
 
Settlement of your case with the IRS

 
Anytime anyone owes the Internal Revenue Service money there is a set procedure that takes place. You will have to fill out in IRS financial statement which is on form 433 f.
The Internal Revenue Service will want that form completely documented and verified along with copies of bank statements for the last six months, pay stubs and a photocopy of all your expenses.
The IRS has a national and local charts on what it costs the average taxpayers to live in the geographical areas they live in.
IRS will apply these national standards. There are some negotiation  involved in this process that’s why it is important to contact a skilled negotiator or tax professional if not IRS will stick to the strict standards of the national standards. You can find those standards on our site.
Based on this current financial statement you give to the Internal Revenue Service, the IRS will recommend that your case either be put into an :
 

• economic tax hardship,
• make a recommendation that you make a payment or installment agreement on a monthly basis, or
• approach IRS with an offer in compromise or a tax settlement

 
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 for settlement with the IRS. IRS will consider your:
 

• Ability to pay;

• Income;

• Expenses; and

• Asset equity.

 
IRS will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
If you hire a tax professional to help you file an offer, be sure to check his or her qualifications.
Make sure you are eligible or a tax settlement

Before the Internal Revenue Service can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding. Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submit your offer IRS Settlement

Your completed settlement offer package will include:
1. Form 433-A (OIC) (individuals) or
2. 433-B (OIC) (businesses) and all required documentation as specified on the forms;
3. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
4. $150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
 
Select a payment option for a IRS Settlement

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, you must continue to pay monthly until it is paid in full. It is always best to call a professional tax firm in dealing with tax settlements.
 
How to File Back Years Tax Returns and Settle with the IRS