Fresh Start Tax | Fresh Start Tax

Back Tax Debt / IRS Problems / Affordable Resolutions Experts + Former IRS, Los Angeles County

by Fresh Start Tax | Mar 29, 2018 | Tax Help

There are different Examinations to resolve Back IRS Problems if you owe back taxes, Since 1982, Former IRS Agents who Know the system.

There are multiple solutions that you may be eligible for.

We will walk through all the programs to see what programs you qualify.

Since 1982, Former IRS.

We are an Affordable professional tax firm that can offer you a free initial tax consultation and walk you through the process if you have a back balance due the Internal Revenue Service.

If you have balance due on back taxes and are looking to set up a payment agreement, file firm offer in compromise to settle your back tax debt or you need to file back tax returns call us today for a free initial tax consultation.

We have over 95 years of direct IRS work experience. FST IRS Experience:

We have worked out of the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS Experts in the area of IRS tax settlement services.

How does IRS dispose of Tax Debt Cases????

The 5 basic ways or programs for IRS Tax Debt.

1. By Payment in full,

2. By smoothly Payments,

3. By the Acceptance of an offer in compromise, (this is how your completely eliminate the tax debt)

4. By statue expiration. (this is how your completely eliminate the tax debt)

5. For those who cannot pay their debt IRS has a non-collectible or hardship program.

Upon your initial free tax consultation we will walk through the various programs and let you know the easiest way to resolve your back tax debt.

The most important aspect of working tax debt cases is completely dependent on the individual or business financial statements.It is the most important factor.

Your current documented financial statement determines all.

IRS uses a very simple formula to determine their settlement process.

It is all about your assets and your income and your current necessary living expenses. There is a very specific formula.

IRS only allows certain expenses that are considered necessary living expenses.

There are charts available on what IRS allows. Anything not on those charts are disallowed and this is what trips out most taxpayers.

A simple review of your current financial statement and we can let you know the different programs you may be eligible for.

You will need to complete form 433F or form 433A for us to make a current determination. IRS will only use their financial statements.

It is critically important to know that you cannot pay less taxes unless you qualify for the offer in compromise program.

IRS has a very specific formula that they use to compute the offer in compromise.

You must know the sy stem to have success.

The only way you can pay less tax is through the offer in compromise program. There is also an IRS pre-qualifier form.

I have over 40 years in this industry and it is critical if you want to settle your tax debt for the lowest possible amount you should go to true tax professionals.

Important information

All your tax returns will have to be filed before IRS will work your offer in compromise.

If you need help with your tax preparation call us and we can have a staff of Experts accountants and tax preparers complete all returns with or without records.

Also beware that many times the Internal Revenue Service want to make sure you are current in your withholding tax or your estimate tax payments are they will not close your work your case until you become fully compliant.

Beware of IRS tax settlement services companies.

We have been in this industry a long time there are many good companies in as many bad tax settlement service companies. For you to evaluate in IRS tax settlement service company you must ask to speak directly to the person who will be working your case.

Generally, when you call a tax services company, you are speaking to what is called a closer. That person is a salesman and will actually bill you and charge you for the services then your case gets passed down the line.

When you call fresh start tax, you will speak directly to the person who works your case and that person can give you a true evaluation on how and if IRS will accept an IRS tax settlement .

All IRS tax settlement service firms and companies are different.

Check out the BBB rating and make sure you have a true tax professional working your case.

I suggest you always hire someone who’s worked at the IRS because they are aware of the methodologies required to get your offer in compromise through the system.

Other ways to Resolve Back IRS Taxes Debt or tax problems:

As a general rule, you may apply for hardships, payment agreements or settle for an offer in compromise to settle your debt for pennies on the dollar.

We will review with you your financial statement and let you know what the lowest possible settlement IRS will accept. 40% of all persons that owe back taxes are issue into a hardship or are currently not collectible status and 6.5 million taxpayers enter into annual payment agreements.

With e programs you will not pay less tax. These programs are designed to keep IRS off your back.

The other way to pay less tax is for the ten-year statute of limitation to run out and your debt will be written off by the Internal Revenue Service.

If you want to file an offer in compromise I thought you’d like to know what the statistics are.

Last year over 78,000 offers in compromise/IRS tax debt settlement were filed by taxpayers and over 38% of those were accepted for average of $6500 per case. Approximately 40,000 taxpayers last year paid less tax.

At the current time there are 7500 cases in the offer queue. The average wait time is nine months. There are not enough IRS employees to work the current inventory.

Keep in mind this is a national average in your case is completely dependent on your individual financial statement.

We will not file for an offer in compromise unless you are a true candidate for the program.

There is a pre qualifier tool to find out if you are a settlement candidate for income or business tax debt.

Upon your initial tax consultation we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service.

Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program. However this program is not for everybody.

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 settlement s.

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 accepted 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 they 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.

Submit your offer in compromise to settle your tax debt on back IRS taxes.

You’ll find step-by-step instructors and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). Your completed offer package will include:

• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;

• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;

• $186 application fee (non-refundable); and

• Initial payment (non-refundable) for each Form 656.

Select a payment option on an IRS offer settlement

Your initial payment will vary based on your offer and the payment option you choose:

• 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.

• 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.
Understand the process to settle your tax debt on an IRS settlement offer to pay less tax

While your offer to pay less taxes 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.

Call us today for a free tax consultation, 1-866-700-1040

Back Tax IRS Problems + Affordable Experts + Los Angeles County

IRS Tax Debt Relief Firms + IRS Tax Debt + Los Angeles County + California

by Fresh Start Tax | Mar 28, 2018 | Tax Help

Think of choosing us! We Know the system, Since 1982.

Former IRS Agents & Managers Who Know the system, Since 1982. We Can Resolve IRS Back Tax Debt. We are a Nationwide Tax Firm specializing in IRS tax debt.

WE KNOW ALL THE OPTIONS. LET OUR EXPERIENCE BE YOUR BEST FRIEND!!!!!

We have money back guarantees!!! We are Experts for IRS Back Tax help

We have over 100 years of direct working experience with the IRS.

We know every possible solution and can provide every possible remedy to get you the best result possible.

Let our years of experience be your best friend to get you the results that you need.

You will never speak to the Internal Revenue Service.

The first step to lower stress and lower debt is to contact former IRS agents who know the system.

If you owe $15,000 or more in taxes, or you have on Unfiled tax returns, you need to hear about the IRS programs available to you.

6.5 million Americans are falling in tax debt every year and the other countless million who have not filed their yearly tax returns.

If you are one of them, you understand about the stress and frustration of having to deal with the IRS.

The IRS can hold on to your refund, take a chunk of your pay, put a federal tax levy or garnishment on your bank account, seize and sell your property and revoke your passport.

IRS also can take 15% of your Social Security check, a benefit that’s off-limits to private creditors.

The Internal Revenue Service is the largest and most vicious tax collection agency in the world. But you do not have to worry about them we how to control the beast because of our years of experience.

If you know the system you will found the IRS actually working with you not against you.
There are tax relief programs available.

A simple call the to our office and speak directly to a tax professional can assure you that this process is not as nearly as complicated as you think.

Why does the Internal Revenue Service want to settle your tax debt for pennies on the dollar?

1.IRS resources are constrained.

Five years of budget cuts by Congress has limited the IRS’ ability to enforce its own laws. The IRS budget has been reduced by $1.2 billion since 2010 despite having 12.8 million more tax returns to process.

Since 2010, the IRS has laid off 17,000 workers, which explains why, in 2015, the IRS only Audited 0.7% of all tax returns. Actually, we have a former IRS agent who recently retired and can go through a litany of other reasons why IRS would settle your tax debt.

Just know this is in the best interest of the government to do so.

Congress looks at IRS numbers at the end of every year and many times budgets of the Treasury department based on the collection statistics from the Internal Revenue Service.

2. You may have heard that the IRS only has 10 years to collect taxes.

These time restrictions put a lot of pressure on already overworked IRS agents.
Also it is called return on investment. The IRS wants to collect something on a debt that they may never be able to collect.

You will get you the best deal possible whether it’s our firm or another firm always go with former IRS agents.

IRS tax relief programs help taxpayers by reducing the amount they owe, giving them more time to pay, or a combination of both. It’s a win-win for the IRS and taxpayers.

What type of tax debt relief examinations are there?

There are several tax relief programs taxpayers can apply for, but only three that offer debt forgiveness:

1. The Offer in Compromise program,
2. The Partial Pay installment Agreement program,
3. The Currently non-collectible, hardship.

Your current financial statement on form 433A or 433F will determine how IRS will closer settle your case.

The Offer in Compromise Program, IRS Tax DEBT SETTLEMENT

An offer in compromise is a settlement where the IRS accepts less that the total debt amount in exchange for a lump sum or up to two years of monthly payments.

As far as debt forgiveness goes, offers in compromise are usually the best deal available to taxpayers.

The problem is it’s not easy to meet IRS eligibility criteria. There is also a pre-qualifier program to make sure you are eligible for settlement .

I was a former IRS agent who taught the offer in compromise program to new agents. I am one of the nation’s leading Experts in the offer in compromise.

However, since 2010, the IRS has relaxed its standards through the fresh start initiative.

In 2015, the IRS accepted 40.3% of all offers in compromise for an average settlement of $9000 a case.

The acceptance rate is even higher for taxpayers who hire a tax relief company. It’s common for tax relief firms to maintain acceptance rates of over 85%.

Partial Pay or monthly payments installment Agreement

The Partial Pay installment Agreement does not get much attention and publicity, but it often has even better terms that offers in compromise.

40% of all open IRS cases are issue in payment agreement status but sadly over 50% of taxpayers cannot keep up their payments.

A Partial Pay installment Agreement is similar to an Offer in Compromise in that the IRS forgives part of your debt, but it has longer repayment terms: typically, 36 to 72 months.

Partial Pay installment Agreements are easier and faster to qualify for and you don’t have to provide as much financial information.

However if your debt is over $50,000 IRS will require a complete documented financial statements.

The Hardship Program, Currently Non collectible. 40% of open collection cases are put in this classification.

The hardship program simply means you do not have the currently the means to deal with Internal Revenue Service.

After the Internal Revenue Service reviews your current financial statement and based on the national, local, and geographical standards, IRS will find that you are upside down in issue you in a currently non-collectible status.

What that means is that IRS puts a freeze on your case for two or three years and will look at the situation later.

Many times a taxpayer stays in this uncollectible status for several years and at some point in time the statute of limitation may run out, contact us for more details.

Do you have Unfiled tax returns? Must file all tax returns

If you have on file tax returns the Internal Revenue Service, they will insist on you bringing all tax years current or they will not deal with you, as matter of fact, they may go ahead and enforce collections to make sure you are in full compliance.

As soon as the IRS contacts you they will pull a summary of the last six years of your compliance history.

If you have Unfiled tax returns we can prepare your returns with or without records to bring you in full compliance of internal revenue standards and ensure that you pay the lowest amount of tax allowed by law.

What to look for when hiring a tax debt relief firm?

Only hire IRS tax relief firms that have:

1. CPA’s and Enrolled Agents on staff,
2. Offer flexible payment examinations,
3. Licensed to act as a power of attorney,
4. Always check the Better Business Bureau for active complaints.

Not sure which company to hire?

Get a free consultation with a tax relief firm that meets e requirements.

The consultation is free and there is no obligation to hire. At the very least you’ll know what tax relief programs you qualify for.

Solve Your Tax Problems with FST. Get a free consultation with a top tax expert, find out if you qualify for an IRS settlement , payment agreement or IRS hardship.

IRS Tax Debt Relief Firms + IRS Tax Debt + Los Angeles County + California

Received Tax Bill + The Collection Process + Tax Bill Help

by Fresh Start Tax | Mar 23, 2018 | Tax Help

Call Former IRS Agents and Teaching instructors with the IRS.

Call us to start the of immediate tax resolution, end IRS problems.

We know the system!!!

The Collection Process

If you don’t pay your tax in full when you file your tax return, you’ll receive a bill for the amount you owe. This bill starts the collection process, which continues until your account is satisfied or until the IRS may no longer legally collect the tax; for example, when the time or period for collection expires.

The IRS First Notice

It will include the amount of the tax, plus any penalties and interest accrued on your unpaid balance from the date the tax was due.

The unpaid balance is subject to interest that compounds daily and a monthly late payment penalty. It’s in your best interest to pay your tax liability in full as soon as you can to minimize the penalty and interest charges.

If you’re not able to pay your balance in full immediately, the IRS may be able to offer you a monthly installment agreement. In some cases, you can establish an installment agreement by using the Online Payment Agreement Application (OPA) or you may complete Form 9465.pdf, installment Agreement request, and mail it in with your bill.

You may also request an installment agreement over the phone by calling the phone number listed on your balance due notice. There’s a user fee to set up a monthly installment agreement.

Direct debit installment agreements offer a lower user fee that other installment agreements and help you to avoid defaulting on your agreement by allowing timely payments automatically.

To have the payment directly debited from your bank account, complete lines 13a. and 13b of Form 9465.

Interest and late payment penalties will continue to accrue while you make installment payments.

If you can’t pay in full, you should send in as much as you can with the notice and explore other payment arrangements.

If you can’t full pay under an installment agreement, you may propose a partial payment installment agreement or an offer in compromise (OIC).

An OIC is an agreement between a taxpayer and the IRS that resolves a taxpayer’s tax liability by payment of an agreed upon reduced amount.

Before an offer can be considered, you must have filed all tax returns, made all required estimated tax payments for the current year, and made all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees.

Taxpayers in an open bankruptcy proceeding aren’t eligible. To confirm eligibility, you may use the Offer in Compromise Pre-Qualifier tool. If you need more time to pay, you may ask that we delay collection and report your account as currently not collectible.

If the IRS determines that you can’t pay any of your tax debt due to a financial hardship, the IRS may temporarily delay collection by reporting your account as currently not collectible until your financial condition improves.

Being currently not collectible doesn’t mean the debt goes away. It means the IRS has determined you can’t afford to pay the debt at this time.

Prior to approving your request to delay collection, we may ask you to complete a Collection Information Statement (Form 433-F.pdf, Form 433-A.pdf, or Form 433-B.pdf) and provide proof of your financial status (this may include information about your assets and your monthly income and expenses).

If we do delay collecting from you, your debt continues to accrue penalties and interest until the debt is paid in full. The IRS may temporarily suspend certain collection activities , such as issuing a levy (explained below), until your financial condition improves.

However, we may still file a Notice of Federal Tax Lien (explained below) while your account is suspended. Please call the phone number listed on your bill to discuss this option.

For additional information on currently not collectible, refer to Topic No. 202.
If you’re a member of the Armed Forces, you may be able to defer payment. See Publication 3, Armed Forces’ Tax Guide.

For example:

1. Filing a Notice of Federal Tax Lien
2. Serving a Notice of Levy, or
3. Offsetting a refund to which you’re entitled

A federal tax lien is a legal claim to your property, including property that you acquire after the lien arises.

The federal tax lien arises automatically when you fail to pay in full the taxes that have been assessed against you within ten days after the IRS sends the first notice of taxes owed and demand for payment.

The IRS may also file a Notice of Federal Tax Lien in the public records, which publicly notifies your creditors that the IRS has a claim against all your property, including property acquired by you after the filing of the Notice of Federal Tax Lien.

The filing of a Notice of Federal Tax Lien may appear on your credit report and may harm your credit rating.

Once a lien arises, the IRS generally can’t release the lien until the tax, penalty, interest, and recording fees are paid in full or until the IRS may no longer legally collect the tax.

The IRS will withdraw a Notice of Federal Tax Lien if the notice was filed while a bankruptcy automatic stay was in effect.

The IRS may withdraw a Notice of Federal Tax Lien if the IRS determines:

1. The Notice was not filed according to IRS procedures;
2. You enter into an installment agreement to satisfy the liability unless the installment agreement provides 0.otherwise;
3. Withdrawal will allow you to pay your taxes more quickly; or
4. Withdrawal is in your best interest, as determined by the National Taxpayer Advocate, and in the best interest of the government.

The IRS may levy (seize) assets such as wages, bank accounts, social security benefits, and retirement income. The IRS also may seize your property (including your car, boat, or real estate) and sell the property to satisfy the tax debt.

In addition, any future federal tax refunds or state income tax refunds that you’re due may be seized and applied to your federal tax liability. See Topic No. 203 for refund offsets.

Hiring a Tax Relief Firm + South Florida + Ft. Lauderdale, Miami, Boca Raton, Palm Beaches

by Fresh Start Tax | Mar 21, 2018 | Tax Help