<>< Psalm 37:30      The godly offer good counsel, they know what is right from wrong.

Fresh Start Tax   1-866-700-1040   A Professional Christian Tax Firm   It’s principles giving godly Council on IRS Tax Matters since 1982. <><

The process of filing back or unfiled tax returns: ( Lost of few tax records )

1. We verbally review a year by year history of your income and expenses.
2. We review any records you may have.
3  Pull all IRS information that they have received from 3 party sources that have been placed on the IRS computer system over the past 7 years.
4. We can prepare a “reconstructed” tax return that the IRS will accept.
5. We review all returns for accuracy with the client and send them into the IRS.
6. We work out a settlement agreement with the IRS.

How we work your case to immediately resolve your IRS matter:

1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to the IRS.

2. We will make sure your tax returns are filed and current. If they are not filed, we will prepare and file your tax returns.

3. We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement. IRS will require a closing method for each case.

4. Settlement agreements can be in different forms:

a. Hardship Settlements cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status  because
you do not have the income coming in to met your current expenses. IRS will use the National Standards Program to assess hardship.

b  Payment Agreements are agreed upon monthly installment payments to the IRS.

c. Offer in Compromise. Three Types of OICs:
The IRS may accept an offer in compromise based on three grounds:

1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.

2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct.

3. Effective Tax Administration – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists.

Call us for a free Christian tax consultation.