by Jim Magary | Jan 19, 2015 | Tax Help
We are composed of Affordable IRS tax lawyers, IRS tax attorneys, certified public accountants, enrolled agents, and former IRS agents. Since 1982.
Our firm has over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service.
We know the system and processes.
Our former IRS agents & managers worked in the local, district, and regional teaching offices of the IRS. We taught tax lawwhile employed at the Internal Revenue Service.
We are tax experts for releases and removal IRS tax levies, defense and representation for IRS tax audits, IRS tax settlement experts, and for those wishing to make payment agreements with the Internal Revenue Service.
You will owe any money to the Internal Revenue Service as a result of IRS back taxes and you wish to settle your tax debt we could review the current offer in compromise program with you.
IRS has a brand-new fresh start initiative that can help you settle your case for pennies on the dollar if you are a qualified candidate for the tax debt settlement program.
You will find us an affordable choice to resolve your IRS matter.
We know every option that is available for tax settlements and immediate releases of IRS levies.
We are the honest, experience, and most trustworthy tax firms.
if you need to speak to an attorney directly because of attorney-client privilege please let us know immediately when contacting our firm. We will let you speak directly to an IRS tax attorney or IRS tax lawyer.
IRS Tax Levy Relief
An IRS tax Levy usually comes in two forms. 668A and 688w.
An IRS bank levy or an IRS wage garnishment levy.
Both are different.
An IRS Bank Levy puts a freeze on your money for 21 days where as IRS wage garnishment levy is an immediate seizure of your paycheck.
You can you use your bank account during that 21 day period.
The day the levy was received by the bank are the only funds that are frozen.
The Internal Revenue Service gives you a 21 day period of time to get your money back and allows the bank to keep the funds until the 21st day.
When the Internal Revenue Service garnishes wages it takes approximately 85% of the wages.
Keep in mind the Internal Revenue Service does not want to seize money that belonging to taxpayers it only does so to get the attention of taxpayers to close their case off the IRS enforcement computer.
Within 24 hours of receiving your current financial statement, and as a general rule we can get your tax levy released and your case settled with the Internal Revenue Service. is important to know that all your documents must be in order.
We will also need to see and get to Internal Revenue Service the last three months of your bank statements and your pay stubs.
You will also need to verify all your monthly expenses.
If you are undergoing an IRS tax audit you can have a former IRS audit manager provide your best possible tax defense and represent your best interest during an IRS tax audit. one of the keys of IRS audit representation is to limit the tax audit.
If you are wishing for an IRS tax settlement it is called an offer in compromise, we will be happy to walk you through the IRS prequalifier tool to see if you’re a suitable candidate before filing any offer in compromise.
We’ll qualify all taxpayers before we file and ask for an IRS tax settlement. About 38% of all taxpayers who apply for a tax debt settlement relief can get it through the offer in compromise.
Those wishing to make payments to the Internal Revenue Service to resolve their debt, we will walk you through the financial statement to make an affordable payment that you can live with.
Many times IRS will stretch the boundaries of payments asking taxpayers to pay much more than they can live with and taxpayers settle because they don’t understand the system.
Keep in mind that all solutions and resolutions with the Internal Revenue Service are result of careful review and analysis of your current financial statement by the Internal Revenue Service.
Therefore it is very important to make sure a true tax professional reviews your current financial statement and responds to IRS with your information.
Call us today for a free initial tax consultation and speak to a true IRS tax expert who can resolve your case.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
Please keep in mind we are a full service tax firm that specializes in the filing of back tax returns.
IRS = Affordable Tax Attorneys, Tax Lawyers, Owe Back Taxes, Settle Tax Debt, File Back Tax Returns, Levy, Audits, Representation = Baldwyn, Guntown, Saltillo, Fulton, Mantachie, Iuka, Okolona
by Jim Magary | Jan 19, 2015 | Tax Help
We are Affordable IRS Tax Experts. We have been in practice since 1982, Former IRS. We can fully resolve an IRS problem.
There are different ways to resolve your IRS issue. We know the system!
When you call our office you will speak directly to former IRS agents, managers and tax instructors that have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We can review with you the best possible way to make an IRS payment plan, how to remove an IRS tax levy and to represent you during an IRS tax audit.
For those of you who need to file tax returns whether current or back years, call us today and we will walk you through the process of our learning experiences that total 206 years.
Installment Agreements
Last year the Internal Revenue Service granted close to 6 million IRS payment plans, installment agreements and streamlined payment plans to taxpayers.
Call us today for free initial tax consultation and we will walk you through the process to get you an IRS payment plan, installment agreement or tell you how to make an affordable monthly streamlined payment with the Internal Revenue Service.
We can also talk you about the possible tax solution of settling your tax debt through the offer in compromise program, that is settling your tax debt for pennies on the dollar.
The most common way to back your IRS tax debt is through a Monthly Installment or Payment Plan, you are not alone.
Remove an IRS tax levy.
if you wish to remove an IRS tax levy will need to give IRS a current financial statement on form 433F.
IRS will require that financial statement to be completely documented and verified.
Within 24 hours of receiving your current financial statement as a general rule we can get your bank or wage levy garnishment released.
Need to file back tax returns
you could have a former IRS agent who knows the system prepare your back tax returns with little or few records. We can help audit proof your tax return.
Call us today for any IRS tax issue that you have.
IRS Taxes – Payment Plans, Remove Tax Levy, Audit Representation, File Tax Returns + Affordable Local Experts = Baldwyn, Guntown, Saltillo, Fulton, Mantachie, Iuka, Okolona
by Jim Magary | Jan 16, 2015 | Tax Help
We’re affordable tax experts to remove an IRS tax levy, bank levy or wage garnishments. Settle your Case!
We are an AFFORDABLE full service tax firm with an expertise in all IRS and state tax matters.
As a general rule we can remove your IRS bank tax levy or wage garnishment levy within 24 hours of receiving your current financial statement.
We can get your money back from the Internal Revenue Service.
You will never speak to the IRS and we will remove your IRS tax levy, bank levy or wage levy garnishment and we can settle your case all at the same time.
To get your IRS levy removed and your case settlement we will need to give IRS a current financial statement on form 433F.
You can find that on our website.
That financial statement will need to be completely documented along with pay stubs, bank statements and your monthly expenses.
With that in hand, we will call the Internal Revenue Service and get your case placed into either an economic tax hardship, monthly installment agreement or we will propose you file your offer in compromise to settle your tax debt for pennies on a dollar if you are a qualified candidate.
Please call us today for free initial tax consultation and speak to a true IRS tax expert.
We have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We are true IRS tax experts.
When you call our office you will speak directly to an affordable tax expert.
We are the fast, friendly, and affordable professional tax firm.
Remove IRS Tax Levy, Bank, Wage Garnishment, Settle Tax, Former IRS = Fast Affordable = Baldwyn, Guntown, Saltillo, Fulton, Mantachie, Iuka, Okolona
by Jim Magary | Jan 16, 2015 | Tax Help
Last year the Internal Revenue Service granted close to 6 million IRS payment plans, installment agreements and streamlined payment plans to taxpayers.
Call us today for free initial tax consultation and we will walk you through the process to get you an IRS payment plan, installment agreement or tell you how to make an affordable monthly streamlined payment with the Internal Revenue Service.
We can also talk you about the possible tax solution of settling your tax debt through the offer in compromise program, that is settling your tax debt for pennies on the dollar.
The most common way to back your IRS tax debt is through a Monthly Installment or Payment Plan,you are not alone.
The most widely used method for paying an old IRS debt is the monthly installment agreement.
If you owe $50,000 or less in total back taxes, you should be able to get an installment payment plan for 72 months.
If you owe more than $50,000, should get professional tax help to make sure you are getting the best possible payment that IRS is allowed to give her the IRS will try to stronghold taxpayers because they don’t know the system and make them find payment agreements that are unreasonable. The agents job on the other end of the phone is to collect a very most amount of money possible.
. There is a system we have over 60 years of direct IRS work experience and can help you get a very affordable IRS payment plan or installment agreement
As part of its Fresh Start program,(not named after us ) the IRS adopted new rules and formats making it easier to obtain a payment plan, installment agreement with the Internal Revenue Service.
The threshold for qualifying for an installment agreement
The threshold for qualifying for an installment agreement is the following:
Without having to provide financial information the is a 433F or a 433A, was increased from $25,000 to the current $50,000.
This amount and the timeline for paying was increased to 72 months from 60 months. This is great news for taxpayers.
One of the keys and a very important issue is that you must be current on the filing of all back tax returns.
Internal Revenue Service will conduct a full compliance check to make sure all your tax returns are filed before you will enter into a payment agreement.
If you have not filed back tax returns need to do so inform us when calling our office and we can prepare back tax returns with little or no records.
Due to our years of experience at the Internal Revenue Service we can prepare back tax returns for those who have no tax records under reconstructive methods that we learned and taught at the Internal Revenue Service.
Do not let the non filing of back tax returns keep you from getting your case close with the Internal Revenue Service
.
Monthly Payment Plans of more than $50,000 in back total taxes.
If you owe more than $50,000 or have absolutely no way of paying this amount you owe in six years or less, your request for a monthly payment plan begins with an IRS agent working the case analyzing your current collection Information Statement on Form 433-A or on 433F.
You can find both of these financial statements on our website.
The IRS Agents working your case uses the information on the form to determine the amount you can pay.
IRS will use the National, Regional and Monthly Standards to determine the amount of your pay to the IRS. Here is where good representation comes in handy.
Here are some top tips for negotiating an installment plan:
- Make sure you can live with the Payment Plan,
- Do not say yes and know in your heart and check book this payment will fail down the road,
- Propose a payment plan you can live with,
- Do not say yes just to get IRS off your back or you are afraid or intimidated by them. You need to keep extra money around in case a emergency or medical issues that may arise,
- remember to try to make the minimum amount knowing if you have extra you can send overage to IRS on any given week or month,
- make sure all payments are sent timely. I would urge all taxpayers to send them out 5 to 7 days early and by registered mail or certified mail or direct deposit. t,
- make sure all your tax returns are filed timely and are filed timely and up-to-date, if you fail to file a tax return the Internal Revenue Service will always the default agreement and that means you have to walk through the process all over again.
If the IRS grants an installment plan, it may take several weeks to notify you in writing.
Different Ways to Make Monthly payments or Installment Agreements
Until you receive written notice of approval from the IRS, send payments to your local service center using the payment slips and bar-coded envelopes provided.
Other options for making payments once your Installment agreements is approved:
1. You can use a direct payroll deduction.
Request a payroll deduction on Form 2159, Payroll Deduction Agreement.
Your employer must agree to send payments to the IRS each month using the IRS’s payment slips.
2. Use a direct debit.
Have your bank automatically debit your checking account each month and send a payment to the IRS.
As long as you keep the bank account opened, this is the most foolproof way to make sure you don’t miss a payment and risk having the agreement revoked.This is the way FST recommends.
Why does IRS reject Payment plan and Installment Plans
The most common ways are the following not an all-inclusive list.
Your living expenses are not all considered necessary.
- The IRS may determine your current living expenses are to high for their taste.
- IRS usually does not allow credit card payments, tithing to churches, private schools and college payments.
- IRS is has a very strict standard that you can find on our website under the forms page called the national standard test. The IRS keeps very strict standards on acceptable monthly expenses if they will allow.
Another reason for rejections could be the information you provided on your Collection Information Statement, Form 433-A, is incomplete or untruthful.
As a former IRS agent and teaching instructor the Internal Revenue Service agent trained to be sneaky and suspicious of things that do not make sense.
After working hundreds and thousands of cases the normal agent is aware of those trying to lie or hide things.
IRS can use your past tax returns, your W-2s, 1099s if they think you are hiding things.
IRS can actually pull a credit report to make sure you are telling the truth.
Do not default on a Payment Plan
If you default on a payment plan you better have a good reason for the IRS to reinstate a defaulted plan.
IRS is hard-pressed to give you another agreement after you defaulted on one.
You will find IRS taking a hard-line position if you have defaulted because you have not filed your current tax return or the possibility that you are not currently making withholding or estimate tax payments.
If the IRS Agent denies your Payment Plan or Installment Agreement
If the Internal Revenue Service does not allow your payment plan or installment agreement you always have the option of going to an IRS supervisor.
One thing that is problematic for most taxpayers is that they do not understand the system IRS.
The IRS has a very systematic way that they set payment plans up.
It is set up to the IRS standards and not according to their standards and not the taxpayer standard.
The IRS Can Revoke an Installment Agreement
Once the IRS approves of your payment plan or installment agreement, you and the IRS are completely bound by the terms of the payment contact ,unless, yes unless the following occurs.
1. You fail to file your tax returns or pay taxes that arose after the agreement was entered into by You and the IRS.
IRS computers will monitor you for filing future returns, your AGI specially, and making promised payments.
2. You miss a payment.
Under the terms of all payments agreements , if all IRS payments not made in full and right on time this can cause the IRS Installment Agreement to be revoked immediately.
In practice, the IRS usually waits 30 to 60 days before revocation.. You sometimes are entitled to a warning or a chance to reinstate the agreement.
3. The IRS discovers that you provided inaccurate or incomplete information as part of the negotiation.
4. Internal Revenue Service is going to not keep your payment plan active for the life.
As a general rule every 2 to 3 years the Internal Revenue Service sends out a notice to review your financial statement and make a new determination on where you stand.
5. For some reason if your current financial statement stops your income drops or you have a huge rise in expenses may be because of medical conditions you can call IRS and request a new financial statement and payment agreement
Call us today we are a full service service tax firm that specializes in IRS tax resolution.
If you have a current IRS financial statement or arrangement and wish to talk to you about a tax debt settlement of your tax for pennies on the dollar through the offer in compromise program, call us today for free initial consultation.
Get Affordable IRS Payment Plan, Installment Agreement, Make Affordable Streamline Monthly IRS Payments + Affordable+ Former IRS, We Know the System
by Jim Magary | Jan 16, 2015 | Tax Help
We’re a AFFORDABLE professional local South Florida tax firm that specialized in IRS tax issues and tax problems. 954-492-0088
IRS last year alone set up close to 6 million payment plans, installment agreements with taxpayers and business tax owed back taxes.
We can get you a AFFORDABLE workable installment plan or payment plan with the IRS.
We have been practicing in South Florida since 1982 in are A+ rated by the Better Business Bureau.
We are comprised of tax attorneys, CPAs and former IRS agents, managers and tax instructors.
We have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the South Florida IRS.
We have worked as IRS revenue agents,auditors , revenue officers and teaching instructors.
As a result of all our experience we understand systems and protocols to get you a very successful result in working with any IRS tax deficiency.
Whether you are undergoing an IRS audit or owe IRS back taxes, we can give you options on various solutions to resolve your IRS issue.
Call us today for a free initial tax consultation.
We are a full service tax firm located in Fort Lauderdale.
You may come in for a visit for Skype us today when you call our office shall speak directly to a true IRS tax professional.
We specialize in IRS payment plans, installment agreements and how to make the most used of your money to pay IRS back taxes.
IRS Taxes = Payment Plan, Installment Agreement, IRS Monthly Payments, Settle Tax Bill = Ft.Lauderdale, Miami, Boca, Palm Beaches, Local Former IRS
