by Jim Magary | Mar 23, 2016 | Tax Help
We know the System, let our knowledge work for you! ” We are the AFFORDABLE professional tax firm.” Since 1982.
Owe Federal IRS Back Tax Debt? Call us today for free initial tax consultation and we will review with you various options and solutions you may have available. We know all the systems employed by Internal Revenue Service, we are true specialists and experts can provide affordable tax solutions.
Let us take over from here and settle your tax debt. You will never speak to the Internal Revenue Service. we handle all correspondence with the IRS.
I am a former IRS agent in revenue officer who both worked and taught the offer in compromise program. I am a true expert in IRS tax debt settlement.
If you owe back federal taxes and have an individual tax debt with the Internal Revenue Service we have various options and solutions depending on your current financial statement. We will explain to you the offer in compromise program offered by the IRS.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982. We have over 206 years of professional tax experience.
Our former IRS agents have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS. Not only did we work his former agents we worked as managers and teaching instructors.
If you owe back federal individual or back business tax debt to the Internal Revenue Service and are looking for IRS tax debt relief on a federal, individual, business or payroll tax matter, call us today and hear the truth about your case.
In dealing with the IRS on federal individual or business taxes it is important to know for any individual, business or payroll tax case that you be current in the tax year you are in. IRS will insist on current year compliance.
Caution:
Make sure you are making your estimated tax payments. The Internal Revenue Service may refuse to work with all clients who cannot keep up with current payment requirements.
You will also need to be in compliance with the filing of any back tax returns. IRS conducts a full compliance check so be prepared to forward any unfiled tax returns.
FST will lay out a complete working system for you to cooperate with Internal Revenue Service to ensure that you will get to deal you are looking for with the IRS, one that you can live with.
KEY FACT: Your current financial statement will determine how the Internal Revenue Service will close your case.
Most taxpayers who think IRS will just work out any deal with them find themselves caught in a dilemma once IRS starts reviewing your financial statement.
The National Standards, this may be the fly in the ointment.
IRS applies national standards that are shocking to most taxpayers. You can find the national standards on our website. The national standards are a list of expenses the Internal Revenue Service will allow you air based on both national, regional and localized standards.
If you are dealing with the ACS unit you will need to use financial statement number 433F if you are dealing in the local office you will need financial statement form 433 a, both can be found on our website.
That financial statement will need to be completely verified and documented to support the numbers on it. IRS will want to verify your financial statement via bank statements, copy of monthly expenses and a copy of pay stubs to verify income.
You must be very accurate and honest with your financial statement. Make sure your financial statement is completely documented.
As a general rule, cases will end in one of two ways people either the Internal Revenue Service after reviewing your financial statements.
IRS will either place you into a:
- currently not collectible status or ask for a monthly payment.
- Some taxpayers who have unpaid federal income or business taxes may be eligible for offer in compromise.
When you call our office we will walk you through the process.
We will talk to you about settlements, and/or making payments depending on your current financial statement.
It is also best to deal with your unpaid federal income or business taxes before IRS contacts you. The earlier a tax professional has your case the better result you will achieve.
When you call our office and know that all work is done in-house by a truly seasoned and professional tax staff. We are true experts in dealing with those who owe back federal taxes on the individual or business basis.
We are the fast, friendly professional tax firm when it comes to dealing with those who all back federal IRS taxes and are seeking IRS tax debt relief, we can handle all federal IRS tax debt and any state tax cases.
Owe Federal IRS Back Tax Debt, + Options, Solutions ,+ Reduce Your Tax Debt, + Former IRS
by Jim Magary | Mar 23, 2016 | Tax Help
We know the System, let our knowledge work for you! ” We are the AFFORDABLE professional tax firm.” Since 1982.
Owe Back Federal Taxes + Individual Tax Debt + Offer in Compromise,Let us take over from here and settle your tax debt. you will never speak to the Internal Revenue Service. we handle all correspondence with the IRS.
I am a former IRS agent in revenue officer who both worked and taught the offer in compromise program. I am a true expert in IRS tax debt settlement.
If you owe back federal taxes and have an individual tax debt with the Internal Revenue Service we have various options and solutions depending on your current financial statement. We will explain to you the offer in compromise program offered by the IRS.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982. We have over 206 years of professional tax experience.
Our former IRS agents have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS. Not only did we work his former agents we worked as managers and teaching instructors.
If you owe back federal individual or business taxes to the Internal Revenue Service and are looking for IRS tax debt relief on a federal, individual, business or payroll tax matter, call us today and hear the truth about your case.
In dealing with the IRS on federal individual or business taxes it is important to know for any individual, business or payroll tax case that you be current in the tax year you are in. IRS will insist on current year compliance. Make sure you are making your estimated tax payments. The Internal Revenue Service may refuse to work with all clients who cannot keep up with current payment requirements. You will also need to be in compliance with the filing of any back tax returns. IRS conducts a full compliance check so be prepared to forward any unfiled tax returns.
FST will lay out a complete working system for you to cooperate with Internal Revenue Service to ensure that you will get to deal you are looking for with the IRS, one that you can live with.
KEY FACT: Your current financial statement will determine how the Internal Revenue Service will close your case.
Most taxpayers who think IRS will just work out any deal with them find themselves caught in a dilemma once IRS starts reviewing your financial statement.
The Standards
IRS applies national standards that are shocking to most taxpayers. You can find the national standards on our website. The national standards are a list of expenses the Internal Revenue Service will allow you air based on both national, regional and localized standards.
If you are dealing with the ACS unit you will need to use financial statement number 433F if you are dealing in the local office you will need financial statement form 433 a, both can be found on our website.
That financial statement will need to be completely verified and documented to support the numbers on it. IRS will want to verify your financial statement via bank statements, copy of monthly expenses and a copy of pay stubs to verify income.
You must be very accurate and honest with your financial statement. Make sure your financial statement is completely documented.
As a general rule, cases will end in one of two ways , either the Internal Revenue Service after reviewing your financial statements will place you into a currently not collectible status or ask for a monthly payment.
Some taxpayers who have unpaid federal income or business taxes may be eligible for offer in compromise.
When you call our office we will walk you through the process. We will talk to you about settlements, and/or making payments depending on your current financial statement.
It is also best to deal with your unpaid federal income or business taxes before IRS contacts you.
When you call our office and know that all work is done in-house by a truly seasoned and professional tax staff. we are true experts in dealing with those who owe back federal taxes on the individual or business basis.
We are the fast, friendly professional tax firm when it comes to dealing with those who all back federal IRS taxes and are seeking IRS tax debt relief, we can handle all federal and state tax cases.
Call us today for a free initial tax consultation.
Owe Back Federal Taxes + Individual Tax Debt + Offer in Compromise
by Jim Magary | Mar 23, 2016 | Tax Help
We know the System, let our knowledge work for you! ” We are the AFFORDABLE professional tax firm.” Since 1982.
Unpaid Federal Income, Business Taxes? Let us take over from here and settle your tax debt.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982. We have over 206 years of professional tax experience.
Our former IRS agents have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
If you owe back federal individual or business taxes to the Internal Revenue Service and are looking for IRS tax debt relief on a federal, individual, business or payroll tax matter, call us today and hear the truth about your case.
With over 206 years of professional tax experience we can usually tell you exactly how to get the very best results.
In dealing with the IRS on federal individual or business taxes it is important to know for any individual, business or payroll tax case that you be current in the tax year you are in. IRS will insist on current year compliance. Make sure you are making your estimated tax payments.
The Internal Revenue Service may refuse to work with all clients who cannot keep up with current payment requirements.
FST will lay out a complete working system for you to cooperate with Internal Revenue Service to ensure that you will get to deal you are looking for with the IRS, one that you can live with.
KEY FACT: Your current financial statement will determine how the Internal Revenue Service will close your case.
Most taxpayers who think IRS will just work out any deal with them find themselves caught in a dilemma once IRS starts reviewing your financial statement.
IRS applies national standards that are shocking to most taxpayers. You can find the national standards on our website. The national standards are a list of expenses the Internal Revenue Service will allow you air based on both national, regional and localized standards.
If you are dealing with the ACS unit you will need to use financial statement number 433F if you are dealing in the local office you will need financial statement form 433 a, both can be found on our website.
That financial statement will need to be completely verified and documented to support the numbers on it. IRS will want to verify your financial statement via bank statements, copy of monthly expenses and a copy of pay stubs to verify income.
You must be very accurate and honest with your financial statement. Make sure your financial statement is completely documented.
as a general rule cases will end in one of two ways people either the Internal Revenue Service after reviewing your financial statements will place you into a currently not collectible status or ask for a monthly payment. Some taxpayers who have unpaid federal income or business taxes may be eligible for offer in compromise.
When you call our office we will walk you through the process. We will talk to you about settlements, and/or making payments depending on your current financial statement.
It is also best to deal with your unpaid federal income or business taxes before IRS contacts you.
When you call our office and know that all work is done in-house by a truly seasoned and professional tax staff.
We are the fast, friendly professional tax firm when it comes to dealing with those who all back federal IRS taxes and are seeking IRS tax debt relief, we can handle all federal and state tax cases.
Call us today for a free initial tax consultation.
Unpaid Federal Income, Business Taxes = Settle, Make Payments + Former IRS Experts
by Jim Magary | Mar 23, 2016 | Tax Help
We know the System, let our knowledge work for you! ” We are the AFFORDABLE professional tax firm.”
Unpaid Federal Taxes? We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We have over 206 years of professional tax experience.
Our former IRS agents have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
If you owe back federal taxes to the Internal Revenue Service and are looking for IRS tax debt relief on a federal, individual, business or payroll tax matter, call us today and hear the truth about your case.
In dealing with the IRS on federal taxes or back taxes it is important to know for any individual, business or payroll tax case that you be current in the tax year you are in. IRS will insist on current year compliance
That is, IRS will want you current in your withholding, estimate or current payroll tax deposits.
The Internal Revenue Service may refuse to work with all clients who cannot keep up with current payment requirements. This is a must
FST will lay out a complete working system for you to cooperate with Internal Revenue Service to ensure that you will get to deal you are looking for with the IRS, one that you can live with.
Your current financial statement will determine how the Internal Revenue Service will close your case.
Most taxpayers who think IRS will just work out any deal with them find themselves caught in a dilemma once IRS starts reviewing your financial statement.
IRS applies national standards that are shocking to most taxpayers. You can find the national standards on our website.
Taxpayers who owe back taxes have to be prepared for dealing with the IRS and the standards they impose upon taxpayers.
This is applicable for all individual, business and corporate clients. IRS evaluates all clients based on their current financial statements.
If you are dealing with the ACS unit you will need to use financial statement number 433F if you are dealing in the local office you will need financial statement form 433 a, both can be found on our website.
That financial statement will need to be completely verified and documented to support the numbers on it. IRS will want to verify your financial statement via bank statements, copy of monthly expenses and a copy of pay stubs to verify income.
You must be very accurate and honest with your financial statement. Make sure your financial statement is completely documented.
When you call our office and know that all work is done in-house by a truly seasoned and professional tax staff.
We are the fast, friendly professional tax firm when it comes to dealing with those who all back federal IRS taxes and are seeking IRS tax debt relief, we can handle all federal and state tax cases.
Call us today for a free initial tax consultation.
Unpaid Federal Taxes + Payment Plans, Settlements + Former IRS + Since 1982
by Jim Magary | Mar 22, 2016 | Tax Help
We are composed of AFFORDABLE former IRS agents and managers who have over 65 years of direct work experience in the local, district, and regional tax offices of the IRS. Since 1982.
There are various ways of paying back taxes owed to the Internal Revenue Service and most are dependent on your current financial statement or state of affairs.
Sometimes you have other options than making payment plans with the IRS. It is best to know all your options before you make a concrete decision.
Many times taxpayers who need payment plans may find themselves in a hardship situation cannot afford to pay but because of their fear of Internal Revenue Service they may think that is the only option other taxpayers may want to learn that they can settle their tax debt for pennies on the dollar.
They may be a qualified candidate through the offer in compromise program.
In most cases in which a client has not paid back taxes there are several options available after the taxpayer completes a current financial statement on form 433F.
That financial statement must be completely documented along with bank statements, pay stubs, copy of all expenses and receipts matching those expenses.
Once IRS reviews your current financial statement IRS will apply the national standard tests of allowable expenses that the Service feels necessary in certain regions and counties in the United States.
IRS will use those standards and determine the type settlement that will be applicable in your situation. We can explain these standards when you speak to us.
Full compliance checks by the Internal Revenue Service.
As a former IRS agent and teaching instructor it was mandated by the Internal Revenue Service we conduct what is commonly known as a full compliance check.
A full compliance check means that Internal Revenue Service will pull up a complete history of both individual and business tax summaries.
IRS will want to make sure that all tax returns are filed and are going on the system so they can work the case all as one.
IRS will require an individual financial statement, business financial statements if necessary and will want to review your last years tax return as well as six months worth of bank statements.
If you are contacted by Internal Revenue Service and have unfiled tax returns make sure they are in the process of being prepared and put on the system because IRS will not close your case unless you’re in full compliance.
The different settlement options for back taxes.
1. After review of your current financial statement, IRS may deem you to be in a currently not collectible status, this means the Internal Revenue Service will suspend your case for two or three years and bring it back out to the field at a later point in time in which they will rework the case and asked for a new financial statement.
2. IRS may determine that you are a monthly installment candidate.
Over 6.5 million taxpayers enter into monthly installment payments each and every year and believe it or not at least a third of those taxpayers who enter into those agreements break them.
3. The other options include filing offer in compromise to settle your tax debt.
The offer in compromise is a long process and a very specific process. Your greatest chance of acceptance if you are a qualified candidate is through a true tax professional company knows the system and are well experienced in the process.
As a former IRS agent and teaching instructor I taught new IRS agents this program.
You should know there is an IRS pre-qualifier tool for those wanting to file an offer in compromise.
The Offer in Compromise Option
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS will require form 433OIC and form 656OIC to be fully documented and complete before the submission of an offer in compromise.
Select a payment option for IRS Debt Settlements
Your initial payment will vary based on your offer and the payment option you choose:
• The 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.
• The 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 OIC process to IRS Tax Debt Settlement
While your offer in compromise 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.
You must have all tax returns filed before IRS will consider you settling your tax debt with an offer in compromise. We can prepare all back tax returns with little or no records.
Call us today for a free initial tax consultation and hear the truth about your case and will explain all the option for taxes owed.
