by Fresh Start Tax | Jan 4, 2019 | Tax Help
Do you need CHRISTIAN TAX HELP and representation for a state of Florida sales tax audit? STOP THE WORRY NOW + CHRISTIAN TAX SERVICES COMPANY <><
Christian Tax Firm Representation + Ft. Lauderdale, Miami, Palm Beaches + Former Agent
Proverbs 19:20
Listen to advice and accept discipline, and at the end you will be counted among the wise.
Proverbs 19:20
Get all the advice and instruction you can, so you will be wise the rest of your life.
1. Our eyes were meant to read God’s words and our ears were meant to hear it. There is no “wise counsel” apart from God and His Word for they are one.
2. The wise man listens to godly advice, accepts instruction, continually and proactively seeks out wise counsel.
3. Seeking godly counsel has many benefits. It not only gives us another set of eyes and ears but it buys us time to think of our options and not allow us to run on in our own way and make decisions that could be detrimental to our future.
Call us today for a free initial consultation and speak to former agents who know the truth and how to defend any federal or state tax audit. We know the systems, the methodologies, and the settlement formulas to give you the very best results possible.
We worked out of the South Florida offices and understand all the protocols and methodologies to effectively work any IRS or state tax audits.
Florida Sales Tax problems are causing a major concern for thousands of businesses in Florida. Call and let us fix your Sales Tax Problems.
We are the affordable Sales Tax Experts in the State of Florida composed of Florida Sales tax experts of CPA’s and Former Government Agents who specialize in Florida Sales Tax Issues and Problems.
We you Owe or have Sales Tax Audit Issues contact us for a free tax consults. We are Florida’s affordable choice.
We are A plus rated by the BBB and have been in private practice since 1982.
With the economy in our country today, we are walking into a major problem. Literally thousands of businesses are having Sales Tax issues.
We are moving towards a situation never seen in Florida and the United States and the Florida Department of Revenue is not backing down one bit. Florida’s Department of Revenue is sending out more enforcement and audit notices than they have in their history.
Hiring a Florida Sales Tax Attorney can provide you with the highest level of expertise for Florida Sales Tax Problems.
If you have received a Notice or Letter from the Criminal Division the only person you should be speaking with is a competent and experienced Florida Sales Tax Attorney and no one else.
There are several steps that you can take to fix your Sales Tax Problem immediately. Some information you should know.
A Professional and Experienced Firm <><
We are a Florida wide tax firm that consists of Florida Sales Tax experts such as CPA’S, former IRS agents and former instructors who have worked hand in hand with Florida’s Sales Tax and the Department of Revenue.
Over the past 37 years of private practice alone, we have settled thousands of government cases with successful results. We have an excellent track record and have the highest score in regards to the Better Business Bureau.
Our professionals are members of various National Organizations, have been keynote speakers on tax issues and are certified by the Florida Department of Professional Regulation to administer and teach other professionals in their continuing education programs. We are the professionals professional.
Florida Sales Tax Problem Representation Issues
State of Florida sales tax representation includes the following matters with the Florida Department of Revenue:
• Tax audits on any and all sales tax issues and matters
• Non-filing matters
• Criminal investigations that are referred to attorneys that best fit your profile
• Department of Revenue enforcement action or warrant proceedings
• Stipulated time payments
• Requests for settlements or Compromise
Keys to resolving your Florida Sales Tax Problem
There are several keys to make sure your case is resolved timely. These keys are necessary on every case. The Department of Revenue is interested in resolving the cases in their system.
The DOR goal is to close cases and get them out of their inventory.
Here are the keys necessary to stop enforcement action on your back taxes.
• Have all your tax returns filed before you call Florida Sales Tax and the Department of Revenue on your back tax issues.
• Be prepared to give the Department of Revenue a financial statement whether you are a hardship candidate, want an installment agreement or want to settle your case.
• Be prepared to give the Department of Revenue all supporting documentation to prove your financial statement.
• Make sure you are current on deposit requirements.
Are you being Audited by Florida DOR, Read Carefully
The State of Florida, Department of Revenue audit taxpayers to:
• Enforce Florida tax laws uniformly.
• Deter tax evasion.
• Promote voluntary compliance.
• Educate taxpayers.
As a general rule, the State of Florida Sales Division accepts most tax returns as filed, however they audit some returns to verify accuracy and evaluate compliance.
Florida Sales Tax Audits do not always result in the taxpayer owing additional tax, penalty or interest.
The auditor may adjust a credit carryover or correct distribution without assessing additional tax. The auditor may even determine that a refund is due.
How Are Taxpayers Selected for Audit by the Florida Sales Tax Division
The methods for selecting a business or individual to audit vary from tax to tax.
Here are some examples of sources we use to identify a potential audit candidate:
• Internal Revenue Service information.
• Information sharing programs with other states and state agencies.
• Computer-based random selection.
• Analysis of Florida tax return information.
• Business publications, periodicals, journals, and directories.
What Types of Records Will I Need to Provide to an Auditor or Inspector?
When we notify you of our intent to audit, we will also tell you what records you will need to provide.
The types of records may include, but are not limited to:
1. General ledgers and journals
2. Cash receipt and disbursement journals
3. Purchase and sales journals
4. Sales tax exemption or resale certificates
5. Florida tax returns
6. Federal tax returns
7. Depreciation schedules
8. Property records
9. Other documentation to verify amounts entered on tax returns
You must keep your records for three years since an audit can extend back that far.
The Department may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.
Your Rights During a Sales Tax Audit?
The Florida Taxpayer’s Bill of Rights provides protection for taxpayers’ privacy and assets during their interactions with Revenue employees.
Your rights include:
• The right to fair treatment.
• The right to get available information and prompt, accurate responses to your questions.
• The right to have the Department begin and complete its audit in a timely manner after we notify you of our intent to audit.
• The right to get simple, nontechnical statements which explain the reason for audit selection and the procedures, remedies, and rights available during audit, appeals, and collection proceedings.
Can I Request Technical Assistance During the Audit?
When there are transactions or issues for which the tax consequences are questionable, you may ask for a written statement of our position any time during the audit. Our office of Technical Assistance and Dispute Resolution will issue a Technical Assistance Advisement (TAA), which is binding on the Department.
For more information, read “Requesting Advice During an Audit.” We encourage you to use our Tax Law Library to research the issue before requesting technical assistance.
What Happens When the Audit is Complete?
After your audit is complete, you can review the audit findings and proposed changes to your tax liability.
The auditor will give you a copy of the work papers and explain your rights, including deadlines for filing protests.
If you agree with the audit findings, we expect you to pay the amount due in full.
You have the right to protest the proposed changes if you disagree with them. “How to Pay Your Audit Assessment” has more details.
Self-Audit/Self-Analysis Tax Audits
The Department uses self-audit or self-analysis projects to educate taxpayers on issues related to a particular compliance problem or industry. We send selected taxpayers information about a specific tax or issue, user-friendly instructions, and simple worksheets. We ask them to review the materials, complete the worksheets, calculate any additional tax due, and return the paperwork to us with payment.
The auditor has limited contact with the taxpayer and does not visit the taxpayer’s location.
The Department usually accepts the taxpayer’s responses. However, participation in a self-audit/self-analysis does not exempt the taxpayer from further audit review of the same time period.
How to stop Florida Sales Tax collection enforcement on your back taxes sales tax
• Contact the Department of Revenue on your back tax problem as soon as you become aware of the situation or receive a letter.
• Let a professional tax company contact Florida Sales Tax before they start to take enforcement action and file warrants and or make this a criminal case.
• Utilize the settlement program to reduce your tax debt, if you qualify.
Call us today for free initial tax consultation and let us take the worry out of your tax situation. We have been practicing since 1982 are A+ rated by the BBB. Please feel free to ask us about our faith when you call and as the Scripture says, it is always best to get godly counsel.
Whether you use our firm or not speak to true Christians who have your best interest IN MIND.
We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau.
by Fresh Start Tax | Jan 4, 2019 | Tax Help
Since 1982 we have been resolving IRS and state tax debt nationwide.<>< A plus Rated BBB.
We are the premier Christian tax experts in the US and have over 200 years of direct tax experience and over 100 years of working directly for the Internal Revenue Service and the local, district and regional offices of the IRS.
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.
I am a former IRS agent and teaching instructor with the Internal Revenue Service.
When I was employed by the Internal Revenue Service I work the offer in compromise program. We know all the settlement programs with Internal Revenue Service and based on your financial statement we will place you in the program that that’s fit your needs.
PROGRAMS: IRS & State Tax Programs:
There are three general programs both used by the state and federal governments. As a general rule you can be placed into current hardships, or your case can be placed in installment and monthly payment agreements or you can try to sell your debt to the various programs offered by state agencies or the Department of treasury the Internal Revenue Service which program is called the offer in compromise.
We can prepare all back tax returns with or without records get them on the IRS computer and settle your tax debt all at the same time.
As a result, we know all the inside secrets the methodologies and all the back tax programs to settle back taxes available.
Not only did I accept and reject offers in compromise, I was also a teaching instructor at the service center to help qualified revenue officers decide which offers to accept and reject.
Given the above information, I can tell you I am a true expert for the IRS offer in compromise and I wish to explain to you whether an offer in compromise is a viable option for you.
Due to social media, marketing and advertising the assumption by the general public is that IRS can settle tax debt for pennies on the dollar.
Let me first let you know that IRS does accept offers in compromise and as a matter of fact last year approximately 32,000 offers in compromise were accepted out of the 78,000 were filed.
That number varies from year to year but the percentages usually remain the same of acceptability.
The average settlement was $9500 per case but remember that is just an average in not everybody can settle their tax debt for $9500.
There is much information you need to know before you go off filing an offer of compromise and giving your money to some firm to try to pull off some amazing trick because you have been sold a bill of goods and bought in to some marketing ploy and they’ve convinced you are a settlement candidate.
The IRS Process: state governments differ on the exact process but they are very similar.
It first starts with the review of your personal financial statement which is found on the 433 OIC.
When the offer in compromise gets sent in to the Internal Revenue Service it is met with the reviewer that make sure that you are truly qualified candidate for the offer in compromise program.
That reviewer checks the completed form to make sure it is a valid agreement. The offer in compromise is a legal document between you and the Internal Revenue Service.
If IRS were to accept the offer and the next day you win the lottery the accepted offer still stands.
Also reviewer make sure that all the documentation is attached so that the revenue officer who will work your offer in compromise can move forward.
Approximately one-third of all offers in compromise are sent back to the taxpayer because the offers are not filled out correctly or the appropriate documentation is not attached.
IRS will check to make sure all your tax returns are current and filed on the IRS system. Not only do your taxes have to be current with filing but IRS is also going to check to make sure your current on your withholding or your estimate tax payments. you cannot go into IRS estate tax government and asked for any type of settlement or agreement until all your tax returns are at the very least filed.
It is critically important you know that you must have all tax returns filed before IRS will process your offer.
You should know that the Internal Revenue Service rejects an offer before it accepts an offer. one of the basic rules is that the revenue officer is lazy and is easier to mark rejected then they go through all the work of accepting an offer in compromise.
I should know this is a former instructor of the offer in compromise I see many revenue officers simply send offers back because some of the eyes were not dotted in the T’s were not crossed.
Due to the volume of cases the IRS has, which is over 7500 cases waiting in the IRS Q, is far easier for the IRS to say no then to accept because an average of anywhere between 20 and 40 hours are spent on accepting the offer in compromise.
If you have an offer in compromise accepted, four signatures are generally required for signature as it goes up and down the chain.
So how do you know if the offer in compromise is right for you.
Call for a free initial tax consultation and hear the truth from a true IRS tax debt settlement former agent.
The first place to go is to fill out the IRS pre-qualifier tool for the offer in compromise. Because of so many scrupulous tax companies that have been ripping people off, the IRS wanted to make sure the general public has a tool that they can use to find out if they are prequalified to file the offer in compromise to make sure it is a viable option.
It contains all the necessary information in regard to your income, your expenses and your assets and it predetermined for you whether the offer in compromise is even a viable option for you.
IRS will take a very close look at the liquidity of your assets, your current income, and your monthly expenses before it renders a decision as IRS wants to make sure it collects all the money from you that they can within the 10 year statutory period of time.
One of the questions the agent will want to consider is, can we collect more money over 10 years than accept the current agreement on the table for the IRS offer in compromise.
As a general rule, you will have to give IRS your total liquidity of all your assets before they will even consider the acceptance of an offer in compromise.
IRS on larger dollar cases is a tremendous amount of due diligence. As a former IRS agent I can’t tell you the amount of time I spent on large dollar cases because many times there is a greater degree of fraud and hiding things.
The IRS has a wealth of information on the various computers they can use to dig and find assets or income. Make sure you are very truthful on the financial statements and documentation you give to the Internal Revenue Service.
Why? you may ask is because all offers in compromise are open for public inspections at eight regional offices throughout the United States.
Your offer in compromise must be thoroughly documented which includes all your bank statements for the last six months to a year, all your pay stubs, all your monthly expenses along with certain documentation for assets that have value.
IRS also takes a look at the values of your pensions, your IRA, your business as well.
The offer in compromise is one of the most reviewed documents, it is like going through a mini audit.
Some of the due diligence that IRS will conduct on a larger dollar cases is checking Google, the accurate search engine, Department of Motor Vehicles, real estate records, insurance policies, credit reports, loan applications, insurance policies, and inter-government agency records including those garnered by Homeland security and other such agencies.
Before you contemplate filing the offer in compromise and wasting your money on a company that has promised you they can settle your case for pennies on the dollar, you would be wise to give us a call to have an actual former IRS agent and teaching instructor of the offer in compromise give you the green light.
You should also know if an offer in compromise is not except that you have the right to appeal it and if the appeal is not accepted you can file an offer at a later time.
When you call our office you will speak to true IRS tax experts who knows the system and can tell you what to expect and tell you how to settle for the lowest amount possible.<><
When you call our office will review every single back tax program available, and generally there’s three the hardship program the payment agreement program and the most popular back tax program the offer in compromise which completely settles your IRS tax debt but you must be a candidate that fits the IRS criteria.
Call us today for a free initial tax consultation, you will hear nothing but the truth from former IRS agents who know and understand the methodologies of the offer in compromise to make sure it is right for you.
Greensboro’s, High Point, Winston-Salem + Christian IRS/State Tax Debt Help Relief Service + Owe Taxes, Unfiled Tax Returns, Levies, Liens, Help Settle Tax Problems
by Fresh Start Tax | Jan 4, 2019 | Tax Help
We are a Christian tax firm that specializes in the offer in compromise in the various ways to settle your back tax debt with the Internal Revenue Service.<><
Since 1982 we have been resolving IRS and state tax debt nationwide.
We are the premier Christian tax experts in the US and have over 200 years of direct tax experience and over 100 years of working directly for the Internal Revenue Service and the local, district and regional offices of the IRS.
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.
I am a former IRS agent and teaching instructor with the Internal Revenue Service.
When I was employed by the Internal Revenue Service I work the offer in compromise program. We know all the settlement programs with Internal Revenue Service and based on your financial statement we will place you in the program that that’s fit your needs.
PROGRAMS: IRS & State Tax Programs:
There are three general programs both used by the state and federal governments. As a general rule you can be placed into current hardships, or your case can be placed in installment and monthly payment agreements or you can try to sell your debt to the various programs offered by state agencies or the Department of treasury the Internal Revenue Service which program is called the offer in compromise.
We can prepare all back tax returns with or without records get them on the IRS computer and settle your tax debt all at the same time.
As a result, we know all the inside secrets the methodologies and all the back tax programs to settle back taxes available.
Not only did I accept and reject offers in compromise, I was also a teaching instructor at the service center to help qualified revenue officers decide which offers to accept and reject.
Given the above information, I can tell you I am a true expert for the IRS offer in compromise and I wish to explain to you whether an offer in compromise is a viable option for you.
Due to social media, marketing and advertising the assumption by the general public is that IRS can settle tax debt for pennies on the dollar.
Let me first let you know that IRS does accept offers in compromise and as a matter of fact last year approximately 32,000 offers in compromise were accepted out of the 78,000 were filed.
That number varies from year to year but the percentages usually remain the same of acceptability.
The average settlement was $9500 per case but remember that is just an average in not everybody can settle their tax debt for $9500.
There is much information you need to know before you go off filing an offer of compromise and giving your money to some firm to try to pull off some amazing trick because you have been sold a bill of goods and bought in to some marketing ploy and they’ve convinced you are a settlement candidate.
The IRS Process: state governments differ on the exact process but they are very similar.
It first starts with the review of your personal financial statement which is found on the 433 OIC.
When the offer in compromise gets sent in to the Internal Revenue Service it is met with the reviewer that make sure that you are truly qualified candidate for the offer in compromise program.
That reviewer checks the completed form to make sure it is a valid agreement. The offer in compromise is a legal document between you and the Internal Revenue Service.
If IRS were to accept the offer and the next day you win the lottery the accepted offer still stands.
Also reviewer make sure that all the documentation is attached so that the revenue officer who will work your offer in compromise can move forward.
Approximately one-third of all offers in compromise are sent back to the taxpayer because the offers are not filled out correctly or the appropriate documentation is not attached.
IRS will check to make sure all your tax returns are current and filed on the IRS system. Not only do your taxes have to be current with filing but IRS is also going to check to make sure your current on your withholding or your estimate tax payments. you cannot go into IRS estate tax government and asked for any type of settlement or agreement until all your tax returns are at the very least filed.
It is critically important you know that you must have all tax returns filed before IRS will process your offer.
You should know that the Internal Revenue Service rejects an offer before it accepts an offer. one of the basic rules is that the revenue officer is lazy and is easier to mark rejected then they go through all the work of accepting an offer in compromise.
I should know this is a former instructor of the offer in compromise I see many revenue officers simply send offers back because some of the eyes were not dotted in the T’s were not crossed.
Due to the volume of cases the IRS has, which is over 7500 cases waiting in the IRS Q, is far easier for the IRS to say no then to accept because an average of anywhere between 20 and 40 hours are spent on accepting the offer in compromise.
If you have an offer in compromise accepted, four signatures are generally required for signature as it goes up and down the chain.
So how do you know if the offer in compromise is right for you. Call for a free initial tax consultation and hear the truth from a true IRS tax debt settlement former agent.
The first place to go is to fill out the IRS pre-qualifier tool for the offer in compromise. Because of so many scrupulous tax companies that have been ripping people off, the IRS wanted to make sure the general public has a tool that they can use to find out if they are prequalified to file the offer in compromise to make sure it is a viable option.
It contains all the necessary information in regard to your income, your expenses and your assets and it predetermined for you whether the offer in compromise is even a viable option for you.
IRS will take a very close look at the liquidity of your assets, your current income, and your monthly expenses before it renders a decision as IRS wants to make sure it collects all the money from you that they can within the 10 year statutory period of time.
One of the questions the agent will want to consider is, can we collect more money over 10 years than accept the current agreement on the table for the IRS offer in compromise.
As a general rule, you will have to give IRS your total liquidity of all your assets before they will even consider the acceptance of an offer in compromise.
IRS on larger dollar cases is a tremendous amount of due diligence. As a former IRS agent I can’t tell you the amount of time I spent on large dollar cases because many times there is a greater degree of fraud and hiding things.
The IRS has a wealth of information on the various computers they can use to dig and find assets or income.
Why? you may ask is because all offers in compromise are open for public inspections at eight regional offices throughout the United States.
Your offer in compromise must be thoroughly documented which includes all your bank statements for the last six months to a year, all your pay stubs, all your monthly expenses along with certain documentation for assets that have value.
IRS also takes a look at the values of your pensions, your IRA, your business as well.
The offer in compromise is one of the most reviewed documents, it is like going through a mini audit.
Some of the due diligence that IRS will conduct on a larger dollar cases is checking Google, the accurate search engine, Department of Motor Vehicles, real estate records, insurance policies, credit reports, loan applications, insurance policies, and inter-government agency records including those garnered by Homeland security and other such agencies.
Before you contemplate filing the offer in compromise and wasting your money on a company that has promised you they can settle your case for pennies on the dollar, you would be wise to give us a call to have an actual former IRS agent and teaching instructor of the offer in compromise give you the green light.
You should also know if an offer in compromise is not except that you have the right to appeal it and if the appeal is not accepted you can file an offer at a later time.
When you call our office you will speak to true IRS tax experts who knows the system and can tell you what to expect and tell you how to settle for the lowest amount possible.
When you call our office will review every single back tax program available, and generally there’s three the hardship program the payment agreement program and the most popular back tax program the offer in compromise which completely settles your IRS tax debt but you must be a candidate that fits the IRS criteria.
Call us today for a free initial tax consultation, you will hear nothing but the truth from former IRS agents who know and understand the methodologies of the offer in compromise to make sure it is right for you.
Christian IRS/State Tax Debt Help Relief Service + Back Taxes, Unfiled Tax Returns, Levies, Liens, Help Tax Problems + Grand Rapids, Kalamazoo, Battle Creek
by Fresh Start Tax | Jan 4, 2019 | Tax Help
If you owe back taxes to the IRS/ State you have several options to resolve your back tax debt. Options to settle: monthly installment agreements, IRS hardships, offers in compromise. <><
Grand Rapids, Kalamazoo, Battle Creek + Christian Tax Firm Company
When you call, please feel free to ask us about our Christian faith.
Millions of taxpayers owe back taxes every year to the Internal Revenue Service and best guess estimates show there’s anywhere between 5 to 10 million people who do not fully pay their income taxes when filed.
They generally fall into two categories of people:
Those who have not had sufficient withholding taken out or self-employed individuals who simply never made or did not have enough estimate payments made to the Internal Revenue Service to cover their tax debt.
Both find themselves on the short end of the stick when it comes to tax season.
Many of these taxpayers never bother to file a tax return when they find out they owe tax fearing the worst or retribution from the Internal Revenue Service.
Many of these people fear the IRS levy on their bank or their wages or the filing of a federal tax lien. So what do most of these people do, many put their head in the sand and don’t bother to go ahead and do anything about the inevitable debt. However at some point in time they are going to have to deal with Uncle Sam and many will receive a nasty gram.
The fear is not as bad as people think. You have different options to resolve your IRS back tax debt and keep IRS out of your life and out of your back pocket.
Here are your different options if you owe back tax debt to the Internal Revenue Service.
About 6.5 million taxpayers a year make monthly installment agreements. Some of these can come in the form of online agreements. the ones do not fit the online agreement category must give IRS a current financial statement documented along with copies of pay stubs bank statements and they must understand the necessary living expense standards set up by Internal Revenue Service.
IRS will require a financial statement which is generally on a 433F to be fully reviewed fully documented before making a determination on allowing them to make an installment agreement.
Others simply cannot pay their back taxes and will ask IRS to be put in hardship or are currently not collectible status. Please be advised that this hardship status last anywhere between 1 to 3 years. you must be current on all tax filings and continue not to incur any more tax debt.
Those individuals going in the status must understand that the tax debt will be reviewed again in two or three years and penalties and interest will still run on the debt the entire time it is an uncollectible status.
Others can file for an offer in compromise to settle their tax debt for pennies on a dollar. With that said you must be a truly qualified candidate for the offer in compromise program.
As a former IRS agent, I was a teaching instructor for the offer and you must make sure you are a qualified candidate and not give your money to any firm unless you know you have a fair amount a chance to get your offer accepted
If you have any questions regarding owing back tax debt and the best way to resolve it based on your current financial statement please call us today for a free initial tax consultation and we will review with you the various programs IRS has in detail so you fully understand what the best option for you based on your current financial conditions.
If you are hiring a tax firm or a tax defense resolution company to represent you make sure they have former IRS agents on staff. Without any question, former IRS agents know the system, the methodologies, the quickest and the most affordable way to remedy your problem because we have complete knowledge of everything IRS attempts to do. Furthermore as former IRS agent teaching instructors how much more do we know the system.
Check the Better Business Bureau records find out the length of time they were in business and check out the complaint history.
We handle all types of situations here, including IRS, federal or state tax letters and notices, any correspondence, appellate work and even participating in Tax Court. We are a full-service firm with all work being done in-house.
And lastly, speak to the person who may be working your case. call us today for free initial tax consultation and hear the truth about owing back taxes to the IRS or state.
Grand Rapids, Kalamazoo, Battle Creek + Christian Tax Firm Company + Owe Back Tax Debt To IRS/State + CPA’s, Former IRS + File Tax Returns, Settlements, Representation
by Fresh Start Tax | Jan 4, 2019 | Tax Help
If you owe back taxes to the IRS/ State you have several options to resolve your back tax debt. Options to settle: monthly installment agreements, IRS hardships, offers in compromise.
Millions of taxpayers owe back taxes every year to the Internal Revenue Service and best guess estimates show there’s anywhere between 5 to 10 million people who do not fully pay their income taxes when filed.
They generally fall into two categories of people:
Those who have not had sufficient withholding taken out or self-employed individuals who simply never made or did not have enough estimate payments made to the Internal Revenue Service to cover their tax debt.
Both find themselves on the short end of the stick when it comes to tax season.
Many of these taxpayers never bother to file a tax return when they find out they owe tax fearing the worst or retribution from the Internal Revenue Service.
Many of these people fear the IRS levy on their bank or their wages or the filing of a federal tax lien. So what do most of these people do, many put their head in the sand and don’t bother to go ahead and do anything about the inevitable debt. However at some point in time they are going to have to deal with Uncle Sam and many will receive a nasty gram.
The fear is not as bad as people think. You have different options to resolve your IRS back tax debt and keep IRS out of your life and out of your back pocket.
Here are your different options if you owe back tax debt to the Internal Revenue Service.
About 6.5 million taxpayers a year make monthly installment agreements. Some of these can come in the form of online agreements. the ones do not fit the online agreement category must give IRS a current financial statement documented along with copies of pay stubs bank statements and they must understand the necessary living expense standards set up by Internal Revenue Service.
IRS will require a financial statement which is generally on a 433F to be fully reviewed fully documented before making a determination on allowing them to make an installment agreement.
Others simply cannot pay their back taxes and will ask IRS to be put in a hardship or are currently not collectible status.
Those individuals going in the status must understand that the tax debt will be reviewed again in two or three years and penalties and interest will still run on the debt the entire time it is an uncollectible status.
Others can file for an offer in compromise to settle their tax debt for pennies on a dollar. With that said you must be a truly qualified candidate for the offer in compromise program.
As a former IRS agent, I was a teaching instructor for the offer and you must make sure you are a qualified candidate and not give your money to any firm unless you know you have a fair amount a chance to get your offer accepted
If you have any questions regarding owing back tax debt and the best way to resolve it based on your current financial statement please call us today for a free initial tax consultation and we will review with you the various programs IRS has in detail so you fully understand what the best option for you based on your current financial conditions.
If you are hiring a tax firm or a tax defense resolution company to represent you make sure they have former IRS agents on staff.Without any question former IRS agents know the system, the methodologies, the quickest and the most affordable way to remedy your problem because we have a complete knowledge of everything IRS attempts to do. Furthermore as former IRS agent teaching instructors how much more do we know the system.
Check the Better Business Bureau records find out the length of time they been in business and check out the complaint history.
We handle all types of situations here, including IRS, federal or state tax letters and notices, any correspondence, appellate work and even participating in Tax Court. We are a full-service firm with all work being done in-house.
And lastly speak to the person who may be working your case. call us today for a free initial tax consultation and hear the truth about owing back taxes to the IRS or state.
Owe Back Tax Debt To IRS/State + Christian Tax Firm Company + CPA’s, Debt Relief + File Tax Returns, Settlements
