Owe Back Quarterly Federal Excise Taxes, Form 720 + Settling Tax Debt IRS + Representation + Excise Tax Audits + Stop IRS Now + Former IRS

December 8, 2015
Written by: Jim Magary

 

Fresh Start Tax

 

 Affordable Former IRS Agents & Managers who know how the Settle Excise Back Tax Debt, Since 1982, A plus rated.

 

Being a former IRS agent and teaching instructor you should understand that the Internal Revenue Service is tougher on excise taxes than any other types of taxes.

Payroll and excise tax is one of few taxes that the Internal Revenue Service not only go after the company it can in addition can go after the responsible persons or individuals.

This is a tax that you should not fool around with because it is number one on the IRS to hit list.

The Internal Revenue Service will individually engage those responsible under section 6672 of the Internal Revenue Code

We should be able to make sure we can reach a reasonable settlement on your excise tax liability and you can continue to operate your business without fear and worry from the Internal Revenue Service.

With over 65 years of direct working experience at the Internal Revenue Service we know every possible tax solution that can get you immediate and permanent tax relief for a excise tax settlement.

Call us today for a free initial tax consultation and we can go over your various options to settle your tax debt.

 

The Process of Dealing With IRS Excise Taxes, available Options including the Offer in Compromise.

The Internal Revenue Service will want to fully review your company or corporation before you can obtain in IRS excise tax settlement.

You will need to provide IRS with the current financial statement along with proof that all payroll tax deposits and 941 tax forms have been filed.

One of the most important things to know about getting an excise tax debt settlement, payment or moving on in the process is to understand that your current financial statement both business and individual will be the determining factor IRS will use to handle how your case closes.

IRS does spend their time including doing due diligence on these files.

Many times offer in compromises are the longest worked cases if you’re an IRS agent because the complex system of having management sign off on your offer. Offers in compromise are also open to public inspection for one year after the settlement date at the regional tax offices.

Other Facts : When Internal Revenue Service reviews a business they also review individuals as well.

Therefore an individual financial statements are required. We know this process inside and out we have worked hundreds and hundreds of cases, we can make this an easy and seamless process for you.

IRS will expect a 433B for the business & 433A for the individual.

IRS will expect complete documentation to support all the figures on the financial statements. The financial statement is one of the key documents IRS uses before a taxpayer will get an excise settlement for tax relief.

 

Excise Tax Settlements

After IRS reviews your personal and business current financial statement, Internal Revenue Service may determine that you are a:

1. hardship candidate, would simply means IRS will suspend any activity on current collections for a couple of years. Interest and penalty will run but IRS will review your case somewhere further down the road.

2. Monthly payment agreement candidate,IRS will enter a payment plan depending on your ability to pay back the tax and completely dependent on your current financial statement with a careful review of your income statement.

3. or, an offer in compromise candidate and IRS excise tax  settlement, IRS will consider an offer in compromise to settle payroll tax debt by doing a careful review of the individual’s personal financial statement and business financial statement. IRS will expect a fully documented form 433A OIC and 433B OIC along with the 656 OIC.

Before IRS works any case they will conduct a full compliance check to make sure that all tax returns are currently filed on a taxpayer, business or corporation.

They will also check on estimated payments or current depositories.

We advise all taxpayers before they start any process with the Internal Revenue Service to be in a current state of compliance.

 

Excise Tax + Settling Tax Debt IRS + Representation + Excise Tax Audits + Stop IRS Now + Former IRS

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