by Jim Magary | Apr 12, 2016 | Tax Help
We are an affordable professional firm that can offer you options in resolving IRS back tax debt & problems.
There are various IRS tax programs available for people who cannot pay back IRS taxes.
Millions of taxpayers owe back IRS taxes each and every year and 16 million people do not file annual tax returns timely.
Upon your free consultation we will review your current financial statement help make a determination which tax debt program works best for you. there are different ways to resolve IRS tax debt. there are basically three types of settlement programs.
Since 1982, we have been resolving back tax issues for countless thousands of taxpayers. Our firm is composed of tax lawyers, CPAs, and former IRS agents.
Our former IRS agents and managers have logged over 65 years working directly for their former employer in positions of management, supervisors and teaching instructors.
We also were on-the-job instructors for new IRS employees.
We know the IRS systems and protocols inside and out and know every option available in resolving IRS tax debt if you owe back taxes. Please keep in mind all tax returns will need to be filed.
Being a former agent all taxpayer should know IRS is very methodical on the way they resolve tax debt for all taxpayers across all spectrums.
If money is owed to the Internal Revenue Service as a general rule, IRS will want a currently documented financial statement. That IRS financial statement will most likely be on a form 433F, 433 a.
Most of the cases are worked by the ACS unit which are basically boiler/call center rooms operations to collect money for the IRS. IRS has approximately 14 call centers throughout the US.
Any state call center may work your case. 99% of all open IRS collection cases are worked through call centers and not in the local office as taxpayers may think. Plan to wait a long time on the phone.
When calling the ACS, you will speak directly to an agent who will work your case and hopefully attempt to close it.
If your case is in the ACS unit they will require form 433F. when calling the ACS unit taxpayers need to have their current financial statements and all documentation ready to fax the IRS.
If the financial statements are not fully documented in all likelihood they will not be, you have to call and get another agent on the line, probably in another call center and work the case.
This is why it helps to have a seasoned tax practitioner work your case because they know exactly what it takes to close the case and to get the best result.
If the case goes to the field in a revenue officer gets the case you will fill out financial statement form 433 a.
Usually much larger dollar cases go to field offices or experience IRS agents can work them and determine your fate.
IRS Financial Statements Are Key to resolving IRS Problems when taxes are owed.
Your financial statement generally determines the outcome of your case. The best results are obtained from professional companies who have years of experience have dealt with the IRS repeatedly on a daily basis. firms understand the protocols and exactly how IRS will close their case and what work is needed.
Your financial statement will need to be completely documented along with bank statements, pay stubs, and copies of all your expenses to verify and certify your financial statement is correct.
After IRS does a cursory review of your financial statement documentation there are two categories taxpayers are generally put in.
Taxes Owed To the IRS + How Cases are Closed by the IRS on Back Tax Debt.
As a general rule:
1.40% of all taxpayers who will owe back tax debt are placed in a non-collectible file because they simply don’t have the money to pay the tax.
When you call us we will review this non-collectible or hardship status in detail. You will speak to a very seasoned and experienced IRS tax professional for no charge on consultation
2.6.5 million taxpayers enter monthly payment agreements that will last a determined amount of time. Another interesting note of interest, over 40% of all IRS installment agreements are broken within the first year.
3. Others are eligible to settle their tax debt to the offer in compromise program known to some taxpayers as the pennies on the dollar settlement.
The Internal Revenue Service except the 38,000 offers in compromise last year for an average of $6500 per case.
It is also important you have all tax returns filed on the system. For certain type cases within the IRS system they may not work your case until all tax returns are filed.
Call us today for a free initial tax consultation we will walk you through the various programs to resolve your tax debt.
We have over 206 years of professional tax experience and are true tax specialty experts in the solution of all Internal Revenue Service matters.
When you call our office you will speak directly to true IRS tax professionals. Taxes owed to the IRS ?
Call us today to learn how to resolve your IRS problems.
We know all the solutions to make this an affordable and seamless process. Since 1982 we have been resolving tax debt for thousands of taxpayers.
Taxes Owed To The IRS + Resolve IRS Tax Debt + IRS Settlement Programs
by Jim Magary | Apr 12, 2016 | Tax Help
We are an affordable professional firm that can offer you options in resolving IRS back taxes & problems.
There are various programs available for people who cannot pay back taxes.
Millions of taxpayers owe back IRS taxes each and every year.
Upon your free consultation we will review your current financial statement help make a determination which program works best for you.
There are affordable tax option program available.
Since 1982 we have been resolving back tax issues for countless thousands of taxpayers. Our firm is composed of tax lawyers, CPAs, and former IRS agents.
Our former IRS agents and managers have logged over 65 years working directly for their former employer in positions of management, supervisors and teaching instructors.
We also were on-the-job instructors for new IRS employees.
We know the IRS systems and protocols inside and out and know every option available in resolving IRS tax debt if you owe back taxes. Please keep in mind all tax returns will need to be filed.
Being a former agent all taxpayer should know IRS is very methodical on the way they resolve tax debt for all taxpayers across all spectrums.
If money is owed to the Internal Revenue Service as a general rule, IRS will want a currently documented financial statement. That IRS financial statement will most likely be on a form 433F, 433 a.
Most of the cases are worked by the ACS unit which are basically boiler/call center rooms operations to collect money for the IRS.
IRS has approximately 14 call centers throughout the US.
Any state call center may work your case. 99% of all open IRS collection cases are worked through call centers and not in the local office as taxpayers may think. Plan to wait a long time on the phone.
When calling the ACS, you will speak directly to an agent who will work your case and hopefully attempt to close it.
If your case is in the ACS unit they will require form 433F. when calling the ACS unit taxpayers need to have their current financial statements and all documentation ready to fax the IRS.
If the financial statements are not fully documented in all likelihood they will not be, you have to call and get another agent on the line, probably in another call center and work the case.
This is why it helps to have a seasoned tax practitioner work your case because they know exactly what it takes to close the case and to get the best result.
If the case goes to the field in a revenue officer gets the case you will fill out financial statement form 433 a. Usually much larger dollar cases go to field offices or experience IRS agents can work them and determine your fate.
IRS Financial Statements Are Key to resolving IRS Problems when taxes are owed.
Your financial statement generally determines the outcome of your case. The best results are obtained from professional companies who have years of experience have dealt with the IRS repeatedly on a daily basis. firms understand the protocols and exactly how IRS will close their case and what work is needed.
Your financial statement will need to be completely documented along with bank statements, pay stubs, and copies of all your expenses to verify and certify your financial statement is correct.
After IRS does a cursory review of your financial statement documentation there are two categories taxpayers are generally put in.
How Cases are Closed by the IRS on Back Taxes owed.
As a general rule:
1.40% of all taxpayers who will owe back tax debt are placed in a non-collectible file because they simply don’t have the money to pay the tax.
When you call us we will review this non-collectible or hardship status in detail. You will speak to a very seasoned and experienced IRS tax professional for no charge on consultation
2.6.5 million taxpayers enter monthly payment agreements that will last a determined amount of time. Another interesting note of interest, over 40% of all IRS installment agreements are broken within the first year.
3. Others are eligible to settle their tax debt to the offer in compromise program known to some taxpayers as the pennies on the dollar settlement.
The Internal Revenue Service except the 38,000 offers in compromise last year for an average of $6500 per case.
It is also important you have all tax returns filed on the system. For certain type cases within the IRS system they may not work your case until all tax returns are filed.
Call us today for a free initial tax consultation we will walk you through the various programs to resolve your tax debt.
We have over 206 years of professional tax experience and are true tax specialty experts in the solution of all Internal Revenue Service matters.
When you call our office you will speak directly to true IRS tax professionals. Taxes owed? Call us today to learn how to resolve your IRS problems. We know all the solutions to make this an affordable and seamless process.
TAXES OWED + Resolve IRS Problem + Learn About IRS Programs
by Jim Magary | Apr 6, 2016 | Tax Help
We have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service. AFFORDABLE, Since 1982. A plus Rated.
Payroll Tax Liability Settlements.
I am a former IRS Agent and teaching instructor of the Offer Program when formerly employed at the IRS.
We know all the systems, settlement formulas and all the methodology to get you affordable IRS tax debt relief including trust fund debt problem.
Here the truth from Former IRS Agents who have worked thousands of cases.
Being a former IRS agent and teaching instructor you should understand that the Internal Revenue Service is tougher on payroll taxes than any other taxes.
The reason for this is very simple, this tax is money held in trust in not an actual tax.
It 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.
After the IRS creates individual tax assessment for those responsible it often time results in the filing of federal tax liens, bank and wage levy garnishments.
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
Let Former IRS agents and managers get you immediate tax relief via a payroll tax settlement.
Offer in Compromise + Make sure you are eligible
Before IRS will 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
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 fo
We should be able to make sure we can reach a reasonable settlement on your payroll tax liability and you can continue to operate your business without fear and worry from the Internal Revenue Service.
With over 60 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 payroll tax settlement.
IRS does not want to seize your business for back taxes due on payroll taxes, however 941 payroll taxes are a big concern for the IRS.
The Process of receiving a Payroll Tax Settlement
The Internal Revenue Service will want to fully review your company or corporation before you can obtain in IRS payroll 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.
Many times IRS will want a personal or individual financial statement for more responsible persons. For most company’s of the IRS payroll tax settlement may come in three forms.
Review your current financial statement Internal Revenue Service may determine that you are a hardship candidate, monthly payment agreement candidate or an offer in compromise candidate and IRS payroll settlement.
Why have Fresh Start Tax contact the IRS:
You never have to talk with the Internal Revenue Service on these tax matters;
Fresh Start Tax knows what the IRS is looking for;
Fresh Start Tax knows the exact packaging required;
Fresh Start Tax knows the next steps the IRS will take;
You know your case will be handled and resolved as fast as possible.
Other Factors To Consider
IRS has the right to sell your complete inventory at public auction;
IRS can seize all your accounts receivables;
IRS can hold you personally responsible for this tax;
IRS has the right to lock the doors of your business.
Steps to take to work out an affordable payment plan with the Internal Revenue Service:
Immediately stay current on all payroll tax deposits to show the IRS good faith;
Be prepared to give the IRS a current financial statement;
Make sure your personal tax liabilities are filed and paid;
Have all documentation on the financial statement prepared for the IRS.
If you do not pay your Payroll Taxes IRS can collect them from you individually
To encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP.( trust fund recovery penalty )
These payroll taxes are called trust fund taxes because you actually hold the employee’s money in trust until you make a federal tax deposit in that amount.
The TFRP may apply to you if these unpaid trust fund taxes cannot be immediately collected from the business.
The business does not have to have stopped operating in order for the TFRP to be assessed
Who Can Be Responsible for the TFRP
The TFRP may be assessed against any person who:
Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
Willfully fails to collect or pay them.
A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes. This person may be:
An officer or an employee of a corporation,
A member or employee of a partnership,
A corporate director or shareholder,
A member of a board of trustees of a nonprofit organization,
Another person with authority and control over funds to direct their disbursement,
Another corporation or third-party payer,
Payroll Service Providers (PSP) ore responsible parties within a PSP
Professional Employer Organizations (PEO) or responsible parties within a PEO, or
Responsible parties within the common law employer (client of PSP/PEO).
For wilfulness to exist, the responsible person:
Must have been, or should have been, aware of the outstanding taxes and either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).
Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of willfulness. You will be asked to complete an interview in order to determine the full scope of your duties and responsibilities.
Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.
An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather than to determine which creditors would or would not be paid.
Figuring the Trust Fund Amount
The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:
The unpaid income taxes withheld, plus
The employee’s portion of the withheld FICA taxes. For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.
Assessing the TFRP. If the IRS determines that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you. You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal.
The letter will explain your appeal rights. Refer to Publication 5, Your Appeal Rights and How to Prepare a Protest if You Don’t Agree (PDF), for a clear outline of the appeals process. If you do not respond to our letter, we will assess the penalty against you and send you a Notice and Demand for Payment.
Once we assert the penalty, the IRS can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action.
Payroll Tax Liability Settlements + Offer in Compromise + Former IRS
by Jim Magary | Apr 4, 2016 | Tax Help
Call Affordable former IRS agents and managers who know the system. Since 1982, A+ rated BBB.
If you have received a letter is from Internal Revenue Service call us today and learn how you and your IRS problem.
We have over 206 years of professional tax experience and over 65 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
Just have a copy of your a fullr or notice and when you call us and we will give you an exit strategy on how to rectify IRS as fast as possible.
We are a full service tax firm with all work being done in-house.
Please keep in mind that all IRS as letters or time sensitive and you want to make sure you follow.
Final IRS Notices
If you have received any type of final notice from Internal Revenue Service please know this, IRS intends to follow-up with the action indicated on the letter.
As a general rule not a human hand touches at follow-up procedure but is all done systematically through the computer.
Last year the Internal Revenue Service sent out 1.8 million bank levies, and wage garnishment levies all because people did not respond to the IRS final notice, intent to levy. When we take over your representation you will never speak to Internal Revenue Service.
If you owe back taxes and received the final notice you must call the IRS and give them the necessary information to stop the enforcement process.
The IRS sends out approximately 150,000,000 notices and letters each year to individual taxpayers, businesses and Corporation that have issues and problems with Internal Revenue Service.
At the very beginning of this IRS process, the Service simply sends an information notice out requesting the taxpayer to write them or call them back to resolve the issue.
All IRS notices are systematically loaded on IRS’s CADE2 computer system and if the issue has been resolved, the IRS amps up their rhetoric until IRS’s ready to take enforcement and the letters become much more threatening.
Generally, when we file a power of attorney with Internal Revenue Service and make a simple call with an exit strategy on how to resolve the tax problem, we can immediately begin to disarm Internal Revenue Service and put the case on a hold or freeze until we can directly deal with the issue.
We have over 206 years of professional tax experience and over 65 years of working directly for Internal Revenue Service in the local, district, and regional tax offices of the IRS.
Call us today for a free initial tax consultation and begin to end your problem right now. Do not let an IRS final notice slip through the cracks, enforcement action will follow.
We know the system so well that we were former IRS agents that taught new IRS agents their jobs and his former agents we used to send out these threatening letters so we know how to reverse the process.
Since 1982 we have been representing those that have received IRS final notices, we can tell you exactly what to do and how to handle the matter.
Do not be threatened by final notices from Internal Revenue Service, be assertive and take action and least of all do not be bullied by Internal Revenue Service.
The more you know about your IRS tax notice the easier it is to take care of the problem.
IRS Sent Me a Letter/Notice + End IRS Problems
by Jim Magary | Apr 4, 2016 | Tax Help
If you 0we 941 payroll taxes, you need to know about IRS trust fund taxes. Former IRS agents, since 1982, affordable.
Employment Taxes and the Trust Fund Recovery Penalty
To encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP.
These taxes are called trust fund taxes because you actually hold the employee’s money in trust until you make a federal tax deposit in that amount.
The TFRP may apply to you if these unpaid trust fund taxes cannot be immediately collected from the business.
The business does not have to have stopped operating in order for the TFRP to be assessed.
Who can be Responsible for the TFRP
The TFRP may be assessed against any person who:
• Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
• Willfully fails to collect or pay them.
A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes. This person may be:
• An officer or an employee of a corporation,
• A member or employee of a partnership,
• A corporate director or shareholder,
• A member of a board of trustees of a nonprofit organization,
• Another person with authority and control over funds to direct their disbursement,
• Another corporation or third party payer,
• Payroll Service Providers (PSP) or responsible parties within a PSP
• Professional Employer Organizations (PEO) or responsible parties within a PEO, or
• Responsible parties within the common law employer (client of PSP/PEO).
For willfulness to exist, the responsible person:
• Must have been, or should have been, aware of the outstanding taxes and
• Either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).
Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of willfulness.
You may be asked to complete an interview in order to determine the full scope of your duties and responsibilities.
Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.
An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather than to determine which creditors would or would not be paid.
Figuring the TFRP Amount
The amount of the penalty is equal to the unpaid balance of the trust fund tax.
The penalty is computed based on:
• The unpaid income taxes withheld, plus
• The employee’s portion of the withheld FICA taxes.
For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.
Assessing the TFRP
If we determine that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you. You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal.
The letter will explain your appeal rights. Refer to Publication 5, Your Appeal Rights and How to Prepare a Protest if You Don’t Agree (PDF), for a clear outline of the appeals process. If you do not respond to our letter, we will assess the penalty against you and send you a Notice and Demand for Payment.
Caution
; Once we assert the penalty, we can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action.
Avoiding the TFRP
You can avoid the TFRP by making sure that all employment taxes are collected, accounted for, and paid to the IRS when required.
What you need to know
If you owe back 941 tax debt the internal revenue service will make every effort to collect that from the corporate entity while it is still in business or it has the option to go after responsible persons.
It is in your best interest to seek a tax professional to find out that the trust fund penalty is applicable to you.
The Internal Revenue Service does all it can to make sure his many people are as responsible as possible.
Do not be bullied by the Internal Revenue Service.
Just remember, the 941 tax can be a pass-through tax to the individuals. If this is happened to you or may happen to you. Call us today for a free initial tax consultation.
Owe Payroll 941 Tax Debt & Trust Fund Taxes + What You Need to Know KNOW
