by Jim Magary | May 14, 2015 | Tax Help
As AFFORDABLE former IRS agents and managers we can get your IRS tax levy released and your case closed all at the same time, fast and affordable, since 1982!
IRS files over 1.9 million levies each year.There is a process to get an immediate IRS tax levy release.
We have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.
If you have received an IRS tax levy, bank levy, wage garnishment levy or wish to settle your tax debt call us today and hear the truth from IRS tax experts who have been in practice since 1982.
The Process to get your IRS Tax Levies Removed = IRS Bank and IRS Wage Levy Garnishments
As former IRS agents and managers we filed hundreds of tax levies so we understand the process and have a streamlined process to get an IRS tax Levy, Bank Levy wage garnishment levy released. We know the system.
IRS Tax fact, IRS levies 1.9 million taxpayers every year.
IRS files over 900,000 federal tax liens every year.
IRS levies because taxpayers do not respond to final notices that are sent as a result of 1058 letters. IRS sends those final notices the last known address.
If you have not responded to IRS as a result of that tax notice within six weeks of those dates you can expect an IRS bank or wage garnishment levy. IRS may follow that up with the filing of a federal tax lien.
It is very important you understand all IRS notice and letters.
IRS notices are time sensitive and IRS will follow-up with enforcement action if taxpayers do not act responsibly. You must act on an L 1058.
Before IRS releases a tax levy, bank tax levy or wage garnishment they will want a current financial statement to make a determination of how to close your case off the IRS enforcement computer.
That financial statement will be on IRS form 433F that you can find directly on our website. If your case is in the local office they will require 433A
This financial statement will need to be fully documented including copies of bank statements, pay stubs, and proof of all monthly expenses. IRS will require the last three months of full documentation.
IRS will not release a tax levy or wage garnishment levy until they see a fully verified financial statement.
IRS will do a close analysis of your statement with that of the national, and localized standards. You can find the acceptable standards on our website.
IRS will then release your IRS tax Levy, bank levy or wage garnishment and close your case generally with a payment agreement or by placing you in hardship.
Approximately 6.5 million taxpayers have their cases resolve via a payment agreement and 40% of those get resolved through an IRS tax hardship.
Your financial statement will determine the way IRS deals with your situation. I cannot begin to tell you how important it is to have a true tax professional complete your financial statement.
Your levy can usually be released within 24 hours of IRS receiving your financial info.
If you owe tax to the IRS and need to settle your tax debt contact us today and we can get your IRS tax Levy, bank levy or wage garnishment released and your case settle all at the same time.
IRS will also expect all your tax returns to be current and filed. We can prepare all your back tax returns. We are a full service tax firm.
We are the fast, friendly, and affordable professional tax firm that can deal with any IRS matter tax problem.
Remove IRS Tax Levy, Bank, Wage Garnishment & Settle Tax Debt NOW, “Fast Affordable” Tucson, Mesa, Chandler, Glendale, Scottsdale
by Jim Magary | May 14, 2015 | Tax Help
As AFFORDABLE former IRS agents and managers we can get your IRS tax levy released and your case closed all at the same time, fast and affordable, since 1982!
We have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.
We know the system so well we taught tax law to new IRS agents.
If you have received an IRS tax levy, wage garnishment levy or wish to settle your tax debt call us today and hear the truth from IRS tax experts who have been in practice since 1982. We can resolve any IRS tax problem.
We know and understand the fastest and the most affordable way to go ahead and get a removal or release of an IRS tax or wage garnishment levy and settle your case to stop the IRS.
The Process to get your IRS Tax Levies Removed = Bank and Wage Garnishments
As former IRS agents and managers we filed hundreds of tax levies so we understand the process and have a streamlined process to get an IRS tax Levy, Bank Levy wage garnishment levy released.
IRS Tax fact, IRS levies 1.9 million taxpayers every year.
IRS files over 900,000 federal tax liens every year.
IRS levies because taxpayers do not respond to final notices that are sent as a result of 1058 letters. IRS sends those final notices the last known address.
If you have not responded to IRS as a result of that tax notice within six weeks of those dates you can expect an IRS bank or wage garnishment levy. IRS may follow that up with the filing of a federal tax lien. It is very important you understand all IRS notice and letters. They are time sensitive and IRS will follow-up with enforcement action if taxpayers do not act responsibly.
Before IRS releases a tax levy, bank tax levy or wage garnishment they will want a current financial statement to make a determination of how to close your case off the IRS enforcement computer.
That financial statement will be on IRS form 433F that you can find directly on our website. If your case is in the local office they will require 433A
This financial statement will need to be fully documented including copies of bank statements, pay stubs, and proof of all monthly expenses.
IRS will not release a tax levy or wage garnishment levy until they see a fully verified financial statement.
IRS will do a close analysis of your statement with that of the national, and localized standards. You can find the acceptable standards on our website.
IRS will then release your IRS tax Levy, bank levy or wage garnishment and close your case generally with a payment agreement or by placing you in hardship.
Approximately 6.5 million taxpayers have their cases resolve via a payment agreement and 40% of those get resolved through an IRS tax hardship.
Your financial statement will determine the way IRS deals with your situation. I cannot begin to tell you how important it is to have a true tax professional complete your financial statement. as a former IRS agent I can tell you there is a huge difference when a tax professional handles your case.
Your levy can usually be released within 24 hours of IRS receiving your financial info. The Internal Revenue Service will fax it directly to the person or institution you indicate. Therefore it is important to have the direct fax number to get to the agent.
If you owe tax to the IRS and need to settle your tax debt contact us today and we can get your IRS tax Levy, bank levy or wage garnishment released and your case settle all at the same time.
IRS will also expect all your tax returns to be current and filed. We can prepare all your back tax returns. We are a full service tax firm.
Phoenix = Remove IRS Tax Levy, Bank, Wage Garnishment & Settle Tax Debt NOW “Fast Affordable” Former IRS
by Jim Magary | May 14, 2015 | Tax Help
We are a “Affordable” full service tax firm that specializes in all IRS matters/problems and have been doing so since 1982.
We have over 206 years of professional tax experience, over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax office of the Internal Revenue Service.
We know every system used by IRS.
If you have an IRS tax problem, owe back taxes, wish to file back/past due returns, enter into a IRS payment plan or wishing to settle your tax debt through an offer in compromise, we are one of the most efficient and affordable tax firms to call.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
If you have any type of IRS problem, matter or situation you can contact us today for a free initial tax consultation and get true affordable tax release from true IRS tax experts.
All our work is done in-house by these experts.
We can explain in detail how you can settle your IRS taxes if you are a qualified candidate for the offer in compromise program.
The IRS Settlement Program
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If the liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for an OIC.
In order to be eligible for an OIC, the taxpayer must have:
- filed all tax returns,
made all required estimated tax payments for the current year and
made all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees.
The IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (the RCP).
The RCP is how the IRS measures the taxpayer’s ability to pay. The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.
The IRS may accept an OIC based on three grounds.
1. First, acceptance is permitted if there is doubt as to liability.
This ground is only met when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.
2. Second, acceptance is permitted if there is doubt that the amount owed is fully collectible.
Doubt as to collectibility exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
3. Third, acceptance is permitted based on effective tax administration.
An offer may be accepted based on effective tax administration when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
On the Fresh Start Tax staff are tax attorneys, certified public accountants, enrolled agents and former IRS agents managers and tax instructors.
We match you up specifically with the person who has the expertise with your particular tax matter situation.
A simple phone call to our firm and speaking to a tax expert will probably get you immediate relief to know your tax problem can be handled and managed by a true affordable tax professional.
Before hiring any tax resolution company check on the bios, the experience, and the complaint history before hiring any firm.
We are A+ rated by the Better Business Bureau and have been in practice since 1982.
Call us today for a free initial tax consultation.
It is important to note that any time IRS deals with the taxpayer on a current matter the IRS will make sure the taxpayers are in compliance with tax filings.
If you have back tax returns you need to file we can prepare those returns and have them on file with the Internal Revenue Service in a matter of days.
IRS Taxes = Owe Back Taxes, Filing Back, Past Tax Returns, IRS Payments, Settle Tax Debt = Lakewood, Napa, Redwood, Alameda, Redondo
by Jim Magary | May 14, 2015 | Tax Help
I was a former IRS agent and teaching instructor of the tax offer in compromise program at the Internal Revenue Service.
I worked in the local, district, and regional tax offices of the IRS.
I’m a true expert when it comes to the offer in compromise.Our firm understands all the settlement theories used by the IRS. It is important to remember that you must give IRS almost all your total equity in your assets before IRS will consider the acceptance of a tax offer in compromise.
I caution everyone before filing an offer to make sure they are qualified candidate.Not everyone is eligible.
It is very important you walk to the pre-qualifier tool before you waste time or money to make sure you’re truly qualified to be accepted to the program.
Last year approximately 78,000 offers in compromise were filed with the Internal Revenue Service and approximately 38,000 of those were accepted.
The average settlement was $6500 per case.
Call our office for a free initial tax consultation and find out whether you are a qualified candidate to file for offer in compromise. You will speak to a true tax professional.
Fresh Start Tax LLC
We are composed of former IRS agents and managers who were former employees of the Internal Revenue Service.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
The writer of this blog is a former revenue officer who both worked and was a former teaching instructor of the offer in compromise which is the way IRS settles IRS tax debt. Not only did I work the program at the Internal Revenue Service of the offer compromise, I was a teaching instructor. I know the program inside and out.
It is important to know you will that all back tax returns will have to be filed, up-to-date and current on the IRS computer system before the Internal Revenue Service will accept an offer in compromise.
IRS always conducts a full compliance check to make sure all tax returns are on their system.
Many times IRS looks to reject offers rather than accept them because of the sheer amount of work it takes to get one approved by management. Before sending in your offer in compromise make sure your form is fully documented.
The best thing that you can do was walk through the pre-qualifier tool to make sure you’re a qualified candidate or call our office today and we will walk you through the process
Tax Offer in Compromise
Please use the most current revision of Form 656-B in preparing and submitting your Offer in Compromise.
Use of outdated forms and instructions may cause a delay in the processing of your offer application.
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 considers your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
Make sure you are eligible
Before IRS 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 tax offer in compromise
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 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 process of the tax offer in compromise
While your tax 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.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
Tax Offer in Compromise IRS – Los Angeles, Former IRS OIC Settlement Agent, Since 1982 – Los Angeles
by Jim Magary | May 13, 2015 | Tax Help
Get Your Money Back Today, we can get your money back and your case settled.
“AFFORDABLE” Former IRS Agents & Managers that specialize in the removal of IRS tax levies, bank levies, and wage garnishment levies.
We know the system, since 1982. A plus rated BBB.
We are composed of tax attorneys, CPAs, and former IRS agents who know the system.
We have a streamlined process that can affordably solve your IRS tax debt issues or problems.
IRS files 1.9 million tax levies, bank levies,and wage garnishment each year, so you are not alone.
If you do not respond to the IRS the final notice, the IRS has no choice but to systemically send out an IRS bank or wage garnishment levy.
There Cade 2 computer system is the mother of all collection tools. This is the largest collection tool in the world. IRS keeps all your information on their enforcement system for the past seven years and uses it to collect back tax debt and enforce the tax laws.
IRS Levy Releases on Bank Accounts Frozen Bank Accounts
As a general rule, 24 hours after receiving your current and verifiable financial statement we can get your IRS tax, bank levy garnishment released and your case closed with the IRS.
There’s a very streamlined process too quickly, efficiently and for affordable fees get your IRS tax levy immediately released.
Our former IRS agents have worked in the local, district, and regional tax offices of the Internal Revenue Service.
The Required IRS Financial Statement is the 433F!
IRS will require a current financial statement before they will release a bank levy, wage garnishment levy.
The IRS financial statement is required documentation before they can close any case.
IRS will require the last 3 months of bank statements, copy of all monthly expenses and a copy of your pay stub to verify your current financial statement.
IRS will compare your financial statement with that of the national averages and regional norms and come up with a plan to close your case off the IRS enforcement computer. You can find the standards right on our website.
As a general rule IRS settles case by putting them into hardship, payment agreements or the recommendation of settling your tax debt to the offer in compromise.
How IRS cases close = The IRS places over 40% of their collection cases into a current tax hardship or uncollectible and over 6 million people enter into installment payments every year.
It is important for you to know if you owe back IRS tax debt, you will have to file all back tax returns before the Internal Revenue Service will negotiate with you.
Some of our clients are eligible for the new fresh start tax initiative called the offer in compromise to settle their tax debt for pennies on a dollar.
When speaking to somebody on our friendly staff, we will let you know if you are an eligible candidate to settle your tax debt through the offer in compromise program.
Last year there were 78,000 offers in compromise filed in close to 40% of more accepted by the Internal Revenue Service for average of $6500. Call us today to learn more about the offer in compromise program offered by the Internal Revenue Service.
Call us today for a free initial tax consultation and hear the truth about your case. We are A+ rated by the Better Business Bureau.
Los Angeles – Frozen Bank Account, Remove IRS Tax Levy, Get Your Money Back Now, Former IRS, AFFORDABLE
