Back Tax Owed to IRS/State –  Local South Florida Tax Professionals

If you owe back taxes it only makes sense to call former IRS agents and managers who know the systems, the protocols and the settlement formulas.
We are experts in both federal and state tax issues and matters.
With over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service we are one of the most experienced tax firms. We are A+ rated by the Better Business Bureau.
Also on staff to former Florida sales tax agent with over 16 years of audit experience.
There are systems and protocols to deal with any government agency and the formulas are pretty much the same if you owe back taxes..
As a General Rule of thumb in settling back tax debt cases.
As a general rule any agency that you owe back taxes to want to make sure all your tax returns are filed and up-to-date that is requirement in rule number one.
So if you have not filed your back taxes you need to get those tax returns filed, current and brought up to date. We can help you with all those back tax filings.
The government agency will require a financial statement on the form specifically designed for that agency.
They want that financial statement  filled out and fully documented.
The agency will want all verification of income, expenses, bank statements and pay stubs to verify the correctness of your financial statement so you want to make sure you fill out a correct and accurate financial statements so you do not perjure yourself. It is always much is dealing with the truth.
It is best to have a professional tax firm fill that financial statement to show your case in the best light. Also understand that both the state and federal government allow necessary standards that are used in each region and district. You can find those standards on our website.
Many times using specific time periods can give the agency a better and accurate picture of the financial situation you are going through.
As a general rule the government agency will usually have three types of settlement procedures.
1. They may determine you are currently uncollectible, they will put your case in a temporary hardship.
2. They can have you make monthly installment payments, or
3. A settlement is in order.
Before you go thinking that everybody can settle their case there are very specific standards to do so. Never give your money to any firm unless you are pre-qualified for settlement.
You should contact us today so we can review your individual case and give you a free opinion on how your case can successfully be resolved.
The IRS New Fresh Start Program
The IRS Fresh Start program makes it easier for taxpayers to pay back taxes and avoid tax liens. Even small business taxpayers may benefit from Fresh Start.
Here are three important features of the Fresh Start program:
Tax Liens.
The Fresh Start program increased the amount that taxpayers can owe before the IRS generally will file a Notice of Federal Tax Lien.
That amount is now $10,000. However, in some cases, the IRS may still file a lien notice on amounts less than $10,000.
When a taxpayer meets certain requirements and pays off their tax debt, the IRS may now withdraw a filed Notice of Federal Tax Lien.
Taxpayers must request this in writing using Form 12277, Application for Withdrawal.
Some taxpayers may qualify to have their lien notice withdrawn if they are paying their tax debt through a Direct Debit installment agreement. Taxpayers also need to request this in writing by using Form 12277.
If a taxpayer defaults on the Direct Debit Installment Agreement, the IRS may file a new Notice of Federal Tax Lien and resume collection actions.
Installment Agreements.
The Fresh Start program expanded access to streamlined installment agreements.
Now, individual taxpayers who owe up to $50,000 can pay through monthly direct debit payments for up to 72 months.
While the IRS generally will not need a financial statement, they may need some financial information from the taxpayer.
Taxpayers in need of installment agreements for tax debts more than $50,000 or longer than six years still need to provide the IRS with a financial statement.
In these cases, the IRS may ask for one of two forms: either Collection Information Statement, Form 433-A or Form 433-F.
Offers in Compromise.
An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount. Fresh Start expanded and streamlined the OIC program. The IRS now has more flexibility when analyzing a taxpayer’s ability to pay. This makes the offer program available to a larger group of taxpayers.
Generally, the IRS will accept an offer if it represents the most the agency can expect to collect within a reasonable period of time.
The IRS will not accept an offer if it believes that the taxpayer can pay the amount owed in full as a lump sum or through a payment agreement.
The IRS looks at several factors, including the taxpayer’s income and assets, to make a decision regarding the taxpayer’s ability to pay.
Use the Offer in Compromise Pre-Qualifier tool on our website to see if you may be eligible for an OIC.  As I said before, do not give your money to any firm unless you know you are pre-qualified for an offer in compromise or tax settlement.
Call us today for a free initial tax consultation and get the professional tax  help you need if you owe back IRS taxes.
We are comprised of tax attorneys, CPAs, and former IRS agents managers and tax instructors.
We have over 206 years professional tax experience and in over 60 years working directly for the Internal Revenue Service right here in South Florida.
We are one of South Florida’s most affordable and experienced professional tax firms. We have been in practice since 1982.
 
Back Tax Owed to IRS/State – Affordable Tax Experts – Miami, Ft.Lauderdale