We are a full service tax firm that specializes in AFFORDABLE IRS back tax debt relief help.

With over 206 years of professional tax experience and over 60 years of working directly for Internal Revenue Service, we are one of the most experienced professional tax firms in the industry.

We can offer to any taxpayer different IRS back tax debt relief options that fits their current financial needs.

We are a full service tax firm of all work done in-house by experienced in affordable tax professionals.

New Programs offered by the IRS

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:

1. 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Some taxpayers may qualify to have their lien notice withdrawn if they are paying their tax debt through a Direct Debit installment agreement.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.

2. 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 (six years). 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.

3. Offers in Compromise/Tax Debt Settlement

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.

Call us today for free initial tax consultation and we can walk you to the various IRS back tax debt relief programs.

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Tax Attorney, Tax Lawyer – IRS Back Tax Debt Relief Help – Affordable – Austin, Elgin, Boda, Lakeway