
We are an Affordable Tax Firm that can give you a definite plan of action to completely resolve your IRS problems, since 1982.
Late Filed Tax returns, no problem, File and Settle at the Time.
Most taxpayers who owe back taxes put their head in the sand because they have failed to file tax returns are usually afraid to deal with Internal Revenue Service because they have not filed late tax returns.
Stop the fear, settle before IRS contacts you.It is so very easy.
As a former IRS agent I can tell you now this problem is not going to go away and after you speak to us you will understand the system and we can give you a very definitive affordable plan to deal with your late taxes and settle your tax debt with Internal Revenue Service.
We can file all your back or late tax returns with little or no all tax records. We are tax reconstruction experts.
I am a former IRS agent and teaching instructor who accepted offers in compromise, under understand the methodologies the programs and have taught other IRS agents the tax debt forgiveness program called the offer in compromise or what is known as the pennies on the dollar settlement.
We are true affordable IRS tax experts with over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of IRS. Former IRS Instructors, Managers. ne.
IRS Tax Relief Programs Options For those who owe Back Taxes, Settle you Taxes Debt Now
IRS has various systems for tax debt relief.
IRS will take a current financial statement and will make decisions predicated on your current financial statement.
As a general rule cases with IRS will close in one of three ways.
IRS will either place into a non-collectible status, ask for a payment or installment agreement or you have the option to file for an offer in compromise.
After you review your financial statement with you we will provide a program for you to move forward to settle your tax debt with the Internal Revenue Service if you owe back taxes.
Tax Relief Stats:
Internal Revenue Service places 40% of all those who owe back taxes into current hardships, IRS places 6.5 million people into current payment or installment programs. Over 16 million taxpayers do not pay their current tax bills.
The IRS accepted 38,000 offers in compromise last year for an average settlement of $4000 per case, that is completely dependent on your current documented financial statement.
Over 16 millions do not filed tax return yearly.
When you call us we will review with you all the different settlement options.
Important Notice regarding Offer in Compromise
Beginning immediately: The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. Any fees included with the OIC will also be returned.
This new policy does not apply to current year tax returns if there is a valid extension on file.
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 always consider your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
The Offer in Compromise + Settling Your Tax Debt
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.
Important Making sure you are eligible for tax debt relief
Before we 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 for tax debt relief for pennies on a dollar
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). Your completed offer package will include:
• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
• $186 application fee (non-refundable); and
• Initial payment (non-refundable) for each Form 656.
Select a payment tax relief option
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, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.
Understand the tax relief process for pennies on a dollar
While your offer is being evaluated:
• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Late Filed Tax Returns Because You Owe Back Taxes + Settle Your IRS Taxes Now + Former IRS
