by steve | Jul 21, 2011 | IRS Tax Advice, Tax News
Let Former IRS Agents who actually taught the Offer in Compromise Program at the Internal Revenue Service settle your tax case.
We are True IRS Tax Experts with over 205 years of professional tax experience and over 60 years of direct work experience at the IRS. We can go over all possible tax options to best settle your tax case for the lowest possible dollar amount allowed by law.
Fresh Start Tax L.L.C. since 1982 is “A” Rated by the Better Business Bureau and is a Full Service Professional Tax Firm specializing in IRS Tax Resolution and the Offer in Program.
How we settle and negotiate your case with the Internal Revenue Service:
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 them.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant. We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.
3. The IRS requires a current financial statement. We will secure a required 433-A (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
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 meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. Offer in Compromise. There are 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. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
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 that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
See our Home Page for more details about Fresh Start Tax L.L.C. Thank You
by steve | Jul 21, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC Since 1982 IRS Tax Experts A Professional Tax Firm “A” Rated by the Better Business Bureau
We taught the IRS Offer in Compromise Program at IRS!
If you are currently going through a tax problem with the Internal Revenue Service call us to hear the different tax options that are available to you to settle your IRS case once and for all.
Being Former IRS Agents, Managers and Instructors we are true tax experts and we taught Tax Law at the IRS. We know all the strategies, tax formulas and settlement standards that are applied on all IRS cases. We are economical and affordable.
Also on staff Board Certified Tax Attorneys, CPA’s, Former Veteran IRS Agents, published EZINE Author and a Nationally Recognized Former IRS Instructor.
Hear the truth about your case and speak directly to a true IRS tax professional.
How we Settle and Negotiate your case with the Internal Revenue Service:
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 them.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant. We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.
3. The IRS requires a current financial statement. We will secure a required 433-A (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
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 meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. Offer in Compromise. There are 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. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
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 that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Our Company Resume: ( Since 1982 )
- Our staff has over 205 years of professional IRS tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Certified by the Internal Revenue Service
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
- As heard on 90.3 FM Monthly Radio Show-Business Weekly
Why Hire Fresh Start Tax, LLC? We tell you the truth!
1. Fresh Start Tax is a National Tax Firm whose principles have been practicing Tax Law since 1982.
2. On staff are Board Certified Tax Attorneys, CPAs and Former IRS Agents, Managers and Instructors.
3. Former IRS Agents/Managers will review, manage, represent and close your IRS Tax Case for the best settlement possible.
4. We are one of the most experienced and trusted Professional Tax Firms with over 205 years of tax experience.
5. We have an “A” Rating from the Better Business Bureau.
See our Home Page for more details about Fresh Start Tax L.L.C. Thank You
by steve | Jul 21, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax L.L.C. IRS Tax Experts Since 1982 “A” Rated by the Better Business Bureau A Professional Tax Firm
We taught Tax Debt Settlements at the IRS! We trained the Offer in Compromise Program for IRS Agents.
If you are struggling with a IRS Tax Debt call us today to learn the different tax options you have available to settle your IRS case.
You will hear the truth about your case and we will definitely give you a plan of action that will help make a decision on how to move forward and get rid of this situation once and for all.
You will speak to either to Board Certified Tax Attorneys, IRS Lawyers, CPA’s and Former IRS Agents, Managers and Instructors who have over 205 years of professional tax experience and over 60 years of direct work experience an the local, district and regional tax offices of the Internal Revenue ervice.
Do not hire a tax mill or speak to salesperson’s. You may be ripped off. Speak directly to the individuals settling your tax case.
How we settle and negotiate your case with the Internal Revenue Service:
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 them.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant. We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.
3. The IRS requires a current financial statement. We will secure a required 433-A (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
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 meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. Offer in Compromise. There are 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. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
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 that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
See our Home Page for more details about Fresh Start Tax L.L.C. Thank You
by steve | Jul 21, 2011 | IRS Tax Advice, Tax News
FRESH START TAX LLC Since 1982 IRS Tax Experts A Professional Tax Firm “A” Rated by the Better Business Bureau
We are a professional Tax Firm that specializes in immediate IRS Tax Relief and Help. We are true IRS Tax Experts.
Call us today for a no cost professional tax consult and hear the complete truth about your case. You will speak not to a salesperson’s but to either a Board Certified Tax Attorney, CPA’s or Former IRS Agents, Managers and Instructors with over 205 years of professional tax experience and 60 years with IRS.
We know every possible settlement strategy because we taught them to other IRS Agents.
We taught Tax Law at the Service in the local, district and regional offices of the Internal Revenue Service.
Areas of Tax Practice:
- Immediate IRS Tax Representation
- Offers in Compromise/ IRS Tax Debt Settlement
- Immediate Release of Bank Garnishments or Wage Levies
- IRS Bill/Notice of “Intent to Levy” or Final Notices
- IRS Tax Audits Small and Large Dollar
- Hardships Cases / Unable to Pay
- Payment Plans, Installment Agreements
- Innocent Spouse Relief
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll/ Trust Fund Penalty Cases
Our Company Resume: ( Since 1982 )
- Our staff has over 205 years of professional IRS tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Certified by the Internal Revenue Service
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
- As heard on 90.3 FM Monthly Radio Show-Business Weekly
See our Home Page for more details
by steve | Jul 21, 2011 | IRS Tax Advice, Tax News
Do you need professional tax help because the IRS is setting you up for the Trust Fund Recovery Penalty?
Call us today, we are Former IRS Agents , Managers and Instructors.
We use to set these penalties assessments up when we worked at the IRS and now we know how to get rid of them
The Trust Fund Penalty and things you should know:
The TFRP is based on IRC Section 6672 and is used to: Facilitate the collection of tax and enhance voluntary compliance
Serve as an alternative means of collecting unpaid trust fund taxes when taxes are not fully collectible from the company/business that failed to pay the taxes
Policy Statement P–5–14 (IRM 1.2..14.1.3, Trust Fund Recovery Penalty Assessments) gives IRS the right to sent up the penalty.
IRM 5.17.7, Legal Reference Guide for Revenue Officers, Liability of Third Parties for Unpaid Employment Taxes
Type of Taxes that IRS can impose the Penalties for:
The TFRP is a penalty provided by IRC 6672 against any person required to collect, account for, and pay over taxes held in trust who willfully fails to perform any of these activities. The penalty is equal to the total amount of tax evaded, not collected, or not accounted for and paid over. Assessments of the TFRP are possible based on liabilities for the following tax forms:
941, Employer’s QUARTERLY Federal Tax Return
720, Quarterly Federal Excise Tax Return (see IRM 5.7.3.1.1)
CT-1, Employer’s Annual Railroad Retirement and Unemployment Return
943, Employer’s Annual Federal Tax Return for Agricultural Employees
1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons
945, Annual Return of Withheld Federal Income Tax
944, Employer’s ANNUAL Federal Tax Return
8288, U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests
8804, Annual Return for Partnership Withholding Tax (Section 1446)
The TFRP may be imposed, with respect to the taxes described in (3) above for:
Willful failure to collect tax
Willful failure to account for and pay over tax
Willful attempt in any manner to evade or defeat tax or the payment thereof
Although the TFRP is normally applied to employment tax returns for withheld income tax, withheld Social Security tax, or withheld Railroad Retirement Tax, the TFRP provided by IRC 6672 also applies to those excise taxes which are commonly referred to as “collected excise taxes” . Collected excise taxes (see IRM 5.7.3.1.1, TFRP for Collected Excise Taxes) are those which are imposed on persons other than the person who is required by law to collect the tax and pay it over to the Government (a collecting agent).
The revenue officer will explore the possibility of asserting the TFRP against the collecting agent’s responsible persons and will follow the same procedures for investigation and recommendation of the TFRP on employment taxes or collected excise taxes.
The full unpaid trust fund amount will be collected only once in a particular case, whether it is collected from the employer/collecting agent, from one or more of its responsible persons, or from a combination of the employer/collecting agent and one or more of its responsible persons.
