by Fresh Start Tax | Jun 20, 2020 | Tax Help
I am a Former IRS Agent, Revenue Officer, and teaching instructor with the IRS. I also worked the offer in compromise program with the Internal Revenue Service.
We are staffed with local Houston Tax Attorneys, Tax Lawyers and CPA’s.
Taxpayers need to know the facts about ending IRS back tax problem.
There are five different methods to END your IRS back tax problem.
1. By Payment in Full, obvious but the easiest way to eliminate the problem,
2. By monthly or installment payments, there are various type payment plans. Monthly installment plans are based on the facts and circumstances of your case. Once again your ability to pay and your current financial statement will determine how IRS will move forward.
3. By the Acceptance of an offer in compromise, (this is how your completely eliminate the tax debt)
Last year the IRS reviewed over 78,000 offers in compromise and accepted approximately 38% for an average settlement of $9500. Don’t let these numbers misguide you, these are based on averages only and different from case to case.
4. By statue expiration. (this is how your completely eliminate the tax debt.
The general statute of limitation on collection cases is 10 years from the date of the assessment.
The assessment date is when your tax return actually gets puts on the IRS computer system. You need an IRS tax transcript to find out when that period begins. Please understand that there are times when the statute of limitations are extended; such as the filing of an offer in compromise, bankruptcy, litigation, and the filing of a collection due process. As I said before you must check your IRS transcript to find out when the statute does toll & expire.
5. For those who cannot pay their debt IRS has a non-collectible or hardship program. 40% of all cases in the open inventory in the collection division are close by hardship.
A hardship case is placed in a non-collectible status after IRS takes a look at a financial statement in its verified documentation. When IRS determines that it is uncollectible, the case is frozen for one or two years. It is only a temporary status, generally these cases do come back out Heyfor review two years later. IRS will continue to take any refund during those periods of time
Upon your initial free tax consultation we will walk through the various programs and let you know the easiest way to exactly resolve your back tax debt.
“The Offer in Compromise”
First and foremost, as a former IRS agent and teaching instructor I accepted and rejected offers from the Internal Revenue Service. I taught the offer in compromise program to IRS agents who were qualified to step up subtle tax debt.
There was a lot of training involved in a revenue officer agent to become an offer specialist, they use seasoned revenue officers who understand the financial process and what’s in the best interest for the government and the taxpayer.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
There are many firms that take your money and then let you know after the fact you are not qualified. you need to know before hand whether you have a fighting chance. Being a former IRS agent employee gives you a huge advantage of having the review your offer in compromise to settle your tax debt.
At our firm we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlements.
The Offer in Compromise + The New Fresh Start Tax Initiative
If you have any questions or issues about the offer in compromise program to settle or negotiate your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise.
It is possible for the IRS to spend over 20-40 hours working an offer in compromise.
IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses.
You want to make sure you are accurate and truthful on your financial statement.
The higher the dollar case the greater the due diligence. Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. This includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. The internal revenue service will immediately reject your offer in compromise. Any fees included with the OIC will also be returned.
This new policy does not apply to current year tax returns if there is a valid extension on file.
When IRS determines that they will settle with you, IRS will consider your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
IRS will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
Right now that is appox. 9 months
Make sure you are eligible for the offer in compromise to settle your back IRS tax debt.
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.
Call us today for free initial tax consultation and speak to a true IRS tax expert who will walk you through the process of how to negotiate with IRS over back taxes and see if you qualify to pay less taxes for an IRS tax settlement.
Help with Ways to End Your IRS Back Tax Debt Problem + Tax Attorney, Lawyer + Former IRS Agents + Local Houston + Hempstead, Pearland, Pasadena, Willis
by Fresh Start Tax | Jun 18, 2020 | Tax Help
I was a former IRS agent and teaching instructor with the Internal Revenue Service. I worked in the collection division and was a seasoned, experienced, and awarded revenue officer.
I worked at the IRS for 10 years and taught at the regional training center in Atlanta, Ga.
I also work the offer in compromise program where I accepted and denied offers in compromise.
Not all revenue officers work the offer in compromise program because of certain skills, experience and expertise. You received special training when you are moved up to work the OIC program.
More seasoned and experienced IRS agent works the offer in compromise program.
I also taught others what to look for to accept or deny an offer in compromise.
I’m laying out the top 10 tips on how to get your offer accepted and other information.
1. There is an IRS pre-qualifier tool for the OIC.
You can find the pre- qualifer tool on our website site or find it on the government website. Before you give your money to any company who claims they can settle your debt for pennies on the dollar, you best fill out the IRS pre-qualifier tool or call and experience firm to review your case to make sure you are in fact qualified.
2. How long does it take for professional to let you know your qualified?
An experienced tax professional can let you know within about a minute whether you are qualified to settle your tax debt. By the time the person reviews the last page they will almost instantaneously let you know where you stand.
3. What is the most important element of getting your offer in compromise accepted?
Your documented financial statement is the absolute key to getting your offer in compromise accepted. That is the tool that the Internal Revenue Service uses to accept or deny your offer in compromise. It takes a skill tax professional to make sure it is completed with all the proper documentation.
4. What documentation will IRS need for the OIC?
When you fill out the IRS financial statement, IRS will need complete documentation for any dollar number that is placed on the financial statement. IRS will also need at least six month worth of bank statements, pay stubs and anything relative to any number that is on that form. That form must be completely documented. Everything must match up. IRS will be looking for inconsistencies on things that are not matching up on the financial statement and documentation.
5. How does IRS know I’m telling the truth and my financial statement?
The Internal Revenue Service has many search engines to use to find out all about you. The Internal Revenue Service uses internal search engines as well as external searches to find out about you. IRS will use the Accuriant search engine as well as credit bureaus.
On larger dollar cases IRS or use much more due diligence than on smaller cases.
6. Is there a specific formula that IRS uses to accept the offer in compromise?
Absolutely, there is a very simple formula.
IRS wants the sum total of your assets and they want to know what the value of your income and expenses.
Let me explain.
IRS will look at all your assets and find out what the fair market value of those assets are. Real estate will be discounted by 20%. IRS will use that as a base amount to compute the asset part of what is needed for case settlement.
IRS will look at your income and expenses and make sure you fit within the national standards. As you complete the 433oic IRS will apply the national standards expenses against your income. If there is a surplus and as an example I will use $500, IRS will take that $500 and multiply it by the life of the statute.
IRS will add the fair market value of your assets plus the value of your income and add them together. That will be the base amount for the IRS to accept the offer in compromise.
7. What is another important factor for getting your offer in compromise accepted?
I cannot tell you how important timing is. It is best to make sure you’re not in the high season of income. It is best to file an offer in compromise when you are doing the worst.
As an example, if you are real estate salesman and you have just earned a $40,000 commission and you want to file for an offer in compromise you have jeopardized your offer because you’ve just made a large amount of money and that new income you received is going to jack up your average income for settlement.
Therefore, understanding where your income and expenses are will determine the best time to file the offer in compromise.
The offer in compromise requires a great deal of planning on when the best time to file.
8. How long does an offer to compromise take to process?
Currently the offer in compromise takes about nine months to process. You will first receive a letter that they have received your offer and then you must wait to the offer is assigned and sent to a particular offer specialist to work your case. It is best to make sure your offer in compromise is fully documented when sending so they don’t have to send it back because if they do you you may have to start the clock all over again.
9. A very important factor to keep in mind.
Before you send in your offer, you must’ve filed all current tax returns. The first thing that IRS will do is pull up a summary of your case history and all tax returns must be filed or IRS will send the case back.
Also you must be current on withholding or estimate payments or IRS will immediately reject the offer in compromise because you are not current and up-to-date.
Do not overlook this is a sure way to get your offer sent back to you.
10. Accepted Offers in Compromise are a matter of Public Records
The reason IRS is so picky about offers in compromise is because they are a matter of public record.
That’s right, for 18 months after your offer in compromise is accepted your file goes to one of six regional tax sites for public review. Don’t be too afraid this, last year only one person inspected the files, so don’t worry are safe.
In closing, you need to know getting your offer in compromise accepted is an art.
TIPS TO GET OFFER IN COMPROMISE ACCEPTED + Former IRS OFFER SPECIALISTS, REVENUE OFFICER
by Fresh Start Tax | Jun 18, 2020 | Tax Help
Former Local IRS Agents + Get immediate releases of IRS Tax Levy, Wage Garnishment Levy. 954-492-0088. We Know the System, Free consults now.
We can not only get your levy or wage garnishment released, we can settle your case at the same time.
If you are currently dealing with the Internal Revenue Service and need immediate and permanent tax resolution contact us today and we can get your IRS tax levy or wage garnishment levy removed once and for all.
We can not only get your IRS tax Levy or wage garnishment levy removed we can also settle your case with the Internal Revenue Service at the same time.
We have worked hundreds and hundreds of cases right here in South Florida and are one of the most experience in seasons tax firms in Fort Lauderdale and Miami.
We are one of the most affordable choices for South Florida and have been in practice right here since 1982. We are A+ rated by the Better Business Bureau.
You need help dealing with a IRS Tax Levy or Wage Garnishment, contact Former IRS Agents today who know the remedies of relief.
Dealing with a IRS Tax Levy, Wage Garnishment, Tax Liens
Being a former IRS agents we have learned that most taxpayers fear getting an IRS tax Levy, a wage garnishment or have a federal tax lien filed against them.
Many taxpayers simply do not know what to do to avoid this IRS enforcement action.
But steps may be taken to avoid the IRS tax Levy, wage garnishment, and the filing of the federal tax lien.
Facts
The IRS files 2.8 million tax levies and wage garnishments each and every year,
The IRS files 920,000 federal tax liens each and every year,
The IRS settles 38% of all the cases they receive through the offer in compromise process
If federal debts go on pay the Internal Revenue Service will issue levies on bank accounts and on wages. There is a process that must take place before IRS can issue these enforcement procedures.
The IRS Process – Collection Action for Enforcement – IRS Tax Levy, Wage Garnishment Levy
For the IRS to proceed with any enforcement action the IRS is required by law to provide the taxpayer with:
1. Notice and demand for payment,
2. Notice of intent to levy,
3. Notice of a right to a Collection Due Process hearing,
The IRS accomplishes these requirements by sending a series of five letters, starting about six weeks after the taxpayer files a return. IRS works on a cycle system.
One week is one cycle. IRS may skip the cycles on repeated delinquents.
These tax notices are sent from there Cade 2 computer.
The five letters are sent by the to as the automated collection or ASC.
IRS collection notice stream cycle,
1.CP14,
2.CP501,
3.CP503,
4.CP504, and
5. L1058/LT11).
Should the taxpayer receive the last notice and does not pay the balance or make other arrangements to pay the balance, the IRS can levy the taxpayer’s income and assets, including garnishing wages and or self-employment income and seizing funds in bank accounts. These levy’s are on tax form, 668A, 668W.
Please note:
On all bank levies and there is a 21 when day freeze on your money. IRS gives taxpayers 21 days to get the levy lifted.
The IRS wage garnishment’s are immediate seizures and the money will be sent to IRS on your next paycheck.It is very important you contact IRS the day you get the wage garnishment.
How to Immediately Avoid an IRS Levy
If you know the balance is due and owing, it’s best to call the Internal Revenue Service and walk through the process of obtaining a settlement. Call the number on your notice or a tax professional like our firm. We can help you immediately.
When calling the IRS to avoid a tax levy or Wage Garnishment, the IRS will want a current financial.
IRS will want a collection information statement or financial statement. You can find that form on our website. They are usually on form 433-F or a 433A.
After you complete the form you will need to sent or fax to the IRS a copy of completed form along with your income verification (pay stubs) expenses, copy your bank statements, and verification of all monthly and installment expenses.
The IRS will carefully review the statement before reaching a conclusion.
Key Tip:
I recommend that all taxpayers call the IRS and have a fax machine nearby. If IRS has already issued the IRS tax Levy or notice of wage garnishment and they receive a fully completed financial statement along with all documentation they can release the tax levy and wage garnishment that day.
Note – The IRS will compare that financial statement against the national and regional expenses in your area and apply the national standards test to your financial statement. The National Standards are on our site as well.
It is best to contact a professional tax firm to make sure your financial statement is correct and you get the very best deal possible.
After the review of your financial statement the IRS will place you in one of three categories.
IRS have the option of placing you into a:
1. Current Hardship,
2. Installment Agreements/Payment Agreement,
3. Have you Filing an Offer in Compromise.
One simple, common solution is an extension of time to pay the balance in full.
IRS extensions allow you up to 120 days to pay the balance and avoid a levy.
What about a Tax Settlement called the Offer in Compromise?
The IRS offer in compromise (OIC) is a collection alternative that settles a taxpayer’s tax debt for less than the amount owed, and it also suspends levy actions.
It’s important to note that if the IRS determines that you are purposely delaying the collection process, the IRS can use liens and/or levies even while it considers your request for a collection alternative.
It is critical you file all your back tax returns and make sure your courage on your withholding or estimated tax payments.
IRS Tax Lien vs. IRS Tax Levy, these are always mixed up.
A lien is not a levy.
A lien secures the government’s interest in your property when you don’t pay your tax debt. A levy actually takes the property to pay the tax debt.
If you don’t pay or make arrangements to settle your tax debt, the IRS can levy, seize and sell any type of real or personal property that you own or have an interest in.
If you live in the South Florida area contact us today and we can give you the help you need to get your IRS tax levy or wage garnishment levy removed and released.
Fast Releases + IRS Tax Levy, Wage Garnishment + Former IRS Agents + Ft.Lauderdale, Miami
by Fresh Start Tax | Jun 17, 2020 | Tax Help
We are a team of Christian Tax Professionals, tax attorneys, tax lawyers, CPA’s & former IRS Agents and Teaching Instructors <>< A National Tax Practice.
Proverbs 12:15
The way of a fool is right in his own eyes, but a wise man listens to advice.
Proverbs 11:14
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Proverbs 15:22
Without counsel plans fail, but with advisers they succeed.
There are generally 5 ways or programs that IRS has for resolving, settling or dealing with Back IRS Tax Debt.
1. By payment in full,
2. By monthly or installment payments,
3. By the Acceptance of an offer in compromise, (this is how your completely eliminate the tax debt)
4. By statue expiration. (another way to your completely eliminate the tax debt).You will need to pull and IRS tax transcript to find out when the debt expires, it is generally 10 years from the date of assessment.
5. For those who cannot pay their debt IRS has a non-collectible or hardship program.
The most important aspect of solving IRS tax debt cases is completely dependent on the individual or business financial statements, that is the 433,a, 433f, and or the 433b.
You may find these on our website. Go to home page.
Your current documented financial statement determines all.
You must support your financial statement by documentation such as bank statements, pay stubs, copies all bills and expenses.
IRS only allows certain expenses that are considered necessary living expenses.
There are charts available on what IRS allows.You can also find them on our website.
Anything not on those charts are disallowed and this is what trips up most taxpayers. IRS sticks to a strict standard. The charts are called the IRS national standards.
Notes of interest for case resolution
All your tax returns will have to be filed before IRS will work and close and solve your case. We can file your back tax returns with or without records via tax reconstruction methods. As former IRS Agent we know exactly the approved process by the IRS.
1. IRS Tax Hardships or Currently Not Collectible.
The Internal Revenue Service places 40% of their open collection inventory into a hardship or currently not collectible status. after IRS takes your current financial statement and applies the national standards they determine you do not have the money at this time make payments or full pay the tax liability. Your case will go into hardship or currently not collectible for a period of 2 to 3 years and after that the IRS will kick the case back out to the field for another review. Please be advised that your case will come back
2. IRS Payment agreements/Monthly installments payments
The Internal Revenue Service places approximately 6.5 million cases into payment or installment agreements.
There are different ways to get placed into an installment agreement and it depends on whether you can pay the tax liability off within a given period of time or you need to make monthly payments because of your current financial statement. You need to be familiar with the programs offered by Internal Revenue Service to make sure you do not get put in a situation that will default.
3. The Offer in Compromise Program
As a former IRS agent I taught the OIC program IRS.I know the stem inside and out.
Last year the Internal Revenue Service receives 78,000 offers in compromise. IRS accepted 38% of those offers in compromise for a settlement of $9500. Do not be fooled by this $9500 figure that I throw out because it’s simply a national average and varies from case to case.
There is an IRS pre-qualifier tool that you can use yourself to figure out whether you are a qualified candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise.
It is possible for the IRS to spend over 20-40 hours working an offer in compromise.
IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses.
You want to make sure you are accurate and truthful on your financial statement.
The higher the dollar case the greater the due diligence.
Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
One base rule for the offer in compromise program:
Generally IRS is only concerned about your income and assets. This includes your equity in your home, pension plans and IRA’s.You must give IRS the total equity in all your assets as a starting point.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
After a quick review of your current financial statement we will able to help and determine the best way to resolve your IRS problem.
Call us today for free consultation and speak to a true Christian IRS tax professional.
We been in practice since 1982 and are A+ rated by the Better Business Bureau.
We have on staff tax attorneys, tax lawyers, CPAs, former IRS agents, managers and teaching instructors.
Call us for free Christian tax consult today <><
Christian IRS Tax Debt Help, A National Tax Practice In All 50 States, Since 1982, Tax Attorneys, Tax Lawyers, IRS CPA’s & Former IRS Agents
by Fresh Start Tax | Jun 17, 2020 | Tax Help
We are a team of Christian Tax Professionals, tax attorneys, tax lawyers, CPA’s & former IRS Agents and Teaching Instructors <><
Proverbs 12:15
The way of a fool is right in his own eyes, but a wise man listens to advice.
Proverbs 11:14
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Proverbs 15:22
Without counsel plans fail, but with advisers they succeed.
How to resolve your IRS Tax Debt Problem by reading the below options.
There are generally 5 ways or programs that IRS has for resolving, settling or dealing with Back IRS Tax Debt.
1. By payment in full,
2. By monthly or installment payments,
3. By the Acceptance of an offer in compromise, (this is how your completely eliminate the tax debt)
4. By statue expiration. (another way to your completely eliminate the tax debt).You will need to pull and IRS tax transcript to find out when the debt expires, it is generally 10 years from the date of assessment.
5. For those who cannot pay their debt IRS has a non-collectible or hardship program.
The most important aspect of solving IRS tax debt cases is completely dependent on the individual or business financial statements, that is the 433,a, 433f, and or the 433b.
You may find these on our website. Go to home page.
Your current documented financial statement determines all.
You must support your financial statement by documentation such as bank statements, pay stubs, copies all bills and expenses.
IRS only allows certain expenses that are considered necessary living expenses.
There are charts available on what IRS allows.You can also find them on our website.
Anything not on those charts are disallowed and this is what trips up most taxpayers. IRS sticks to a strict standard. Please charts are called the IRS national standards.
Notes of interest
All your tax returns will have to be filed before IRS will work and close and solve your case. We can file your back tax returns with or without records via tax reconstruction methods. As former IRS Agent we know exactly the approved process by the IRS.
1. IRS Hardship or Currently not Collectible.
The Internal Revenue Service places 40% of their open collection inventory into a hardship or currently not collectible status. after IRS takes your current financial statement and applies the national standards they determine you do not have the money at this time make payments or full pay the tax liability. Your case will go into hardship or currently not collectible for a period of 2 to 3 years and after that the IRS will kick the case back out to the field for another review. Please be advised that your case will come back
2. IRS Payment agreements/Monthly installments.
The Internal Revenue Service places approximately 6.5 million cases into payment or installment agreements.
There are different ways to get placed into an installment agreement and it depends on whether you can pay the tax liability off within a given period of time or you need to make monthly payments because of your current financial statement. You need to be familiar with the programs offered by Internal Revenue Service to make sure you do not get put in a situation that will default.
3. The Offer in Compromise Program
As a former IRS agent I taught the OIC program IRS.I know the stem inside and out.
Last year the Internal Revenue Service receives 78,000 offers in compromise. IRS accepted 38% of those offers in compromise for a settlement of $9500. Do not be fooled by this $9500 figure that I throw out because it’s simply a national average and varies from case to case.
There is an IRS pre-qualifier tool that you can use yourself to figure out whether you are a qualified candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise.
It is possible for the IRS to spend over 20-40 hours working an offer in compromise.
IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses.
You want to make sure you are accurate and truthful on your financial statement.
The higher the dollar case the greater the due diligence.
Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
One base rule for the offer in compromise program:
Generally IRS is only concerned about your income and assets. This includes your equity in your home, pension plans and IRA’s.You must give IRS the total equity in all your assets as a starting point.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
After a quick review of your current financial statement we will able to help and determine the best way to resolve your IRS problem.
Call us today for free consultation and speak to a true IRS tax professional.
We been in practice since 1982 and are A+ rated by the Better Business Bureau. We have on staff tax attorneys, tax lawyers, CPAs, former IRS agents, managers and teaching instructors.
Christian IRS Tax Debt Specialists, the Houston Area, How To Resolve Your Back IRS Tax Debt Problems
