by Fresh Start Tax | Jun 3, 2016 | Tax Help
We are an Affordable Tax Firm that can give you a definite plan of action to completely resolve your IRS problems, since 1982.
Late Filed Tax returns, no problem, File and Settle at the Time.
Most taxpayers who owe back taxes put their head in the sand because they have failed to file tax returns are usually afraid to deal with Internal Revenue Service because they have not filed late tax returns.
Stop the fear, settle before IRS contacts you.It is so very easy.
As a former IRS agent I can tell you now this problem is not going to go away and after you speak to us you will understand the system and we can give you a very definitive affordable plan to deal with your late taxes and settle your tax debt with Internal Revenue Service.
We can file all your back or late tax returns with little or no all tax records. We are tax reconstruction experts.
I am a former IRS agent and teaching instructor who accepted offers in compromise, under understand the methodologies the programs and have taught other IRS agents the tax debt forgiveness program called the offer in compromise or what is known as the pennies on the dollar settlement.
We are true affordable IRS tax experts with over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of IRS. Former IRS Instructors, Managers. ne.
IRS Tax Relief Programs Options For those who owe Back Taxes, Settle you Taxes Debt Now
IRS has various systems for tax debt relief.
IRS will take a current financial statement and will make decisions predicated on your current financial statement.
As a general rule cases with IRS will close in one of three ways.
IRS will either place into a non-collectible status, ask for a payment or installment agreement or you have the option to file for an offer in compromise.
After you review your financial statement with you we will provide a program for you to move forward to settle your tax debt with the Internal Revenue Service if you owe back taxes.
Tax Relief Stats:
Internal Revenue Service places 40% of all those who owe back taxes into current hardships, IRS places 6.5 million people into current payment or installment programs. Over 16 million taxpayers do not pay their current tax bills.
The IRS accepted 38,000 offers in compromise last year for an average settlement of $4000 per case, that is completely dependent on your current documented financial statement.
Over 16 millions do not filed tax return yearly.
When you call us we will review with you all the different settlement options.
Important Notice regarding Offer in Compromise
Beginning immediately: The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. 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.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS always consider your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
The Offer in Compromise + Settling Your Tax Debt
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.
Important Making sure you are eligible for tax debt relief
Before we 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 for tax debt relief for pennies on a dollar
You’ll find step-by-step instructions 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 tax relief option
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. See your application package for details.
Understand the tax relief process for pennies on a dollar
While your offer 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.
Late Filed Tax Returns Because You Owe Back Taxes + Settle Your IRS Taxes Now + Former IRS
by Fresh Start Tax | Jun 3, 2016 | Tax Help
as Jerry
Do not spend any money on any tax debt forgiveness program or offer in compromise program unless you know you are a qualified candidate, you may be wasting your money.
Call us today for a free initial tax consultation and hear the truth from a former IRS agent and teaching instructor of the offer in compromise program.
I am a true tax expert for the offer in compromise program.
I am a former IRS agent in teaching instructor who accepted offers in compromise, under understand the methodologies the programs and have taught other IRS agents the tax debt forgiveness program called the offer in compromise or what is known as the pennies on the dollar settlement.
We are true affordable IRS tax experts with over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of IRS. Former IRS Instructors, Managers. ne.
IRS Tax Relief Programs Options For those who owe Back Taxes
IRS has various systems for tax debt relief.
IRS will take a current financial statement and will make decisions predicated on your current financial statement.
As a general rule cases with IRS will close in one of three ways.
IRS will either place into a non-collectible status, ask for a payment or installment agreement or you have the option to file for an offer in compromise.
After you review your financial statement with you we will provide a program for you to move forward to settle your tax debt with the Internal Revenue Service if you owe back taxes.
Tax Relief Stats:
Internal Revenue Service places 40% of all those who owe back taxes into current hardships, IRS places 6.5 million people into current payment or installment programs. Over 16 million taxpayers do not pay their current tax bills.
The IRS accepted 38,000 offers in compromise last year for an average settlement of $4000 per case, that is completely dependent on your current documented financial statement.
When you call us we will review with you all the different settlement options.
Important Notice regarding Offer in compromise
Beginning immediately: The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. 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.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS always consider your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
The Offer in Compromise + Owe Back IRS Tax Debt & Settling for Pennies on a Dollar
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.
Important Making sure you are eligible for tax debt relief
Before we 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 for tax debt relief for pennies on a dollar
You’ll find step-by-step instructions 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 tax relief option
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. See your application package for details.
Understand the tax relief process for pennies on a dollar
While your offer 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.
Owe Back IRS Tax Debt & Settling for Pennies on a Dollar + Former IRS Explains
by Fresh Start Tax | Jun 3, 2016 | Tax Help
We are true affordable IRS tax experts with over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of IRS.
Former IRS Instructors, Managers. We Know Tax Relief. We Know the IRS!
Hear the truth about Tax Debt Forgiveness program BEFORE you spend any money.
As a former IRS agent I was a specialist in the Tax Debt Forgiveness Program called the offer in compromise. We know the system inside and out.
We understand all the methodologies in the system and can get you immediate and permanent relief from the Internal Revenue Service billing machine.
IRS Tax Relief Programs Options
You will find your tax relief options below that you will find called the offer in compromise program.
When you call our office we were review with you to find out if are a tax debt settlement candidate to settle your debt for pennies on the dollar.
We have been in practice since 1982 in a true affordable and honest tax experts who can help solve your problems.
Call us for a free initial tax consultation
IRS Tax Debt Forgiveness Relief Stats:
The IRS accepted 38,000 offers in compromise last year for an average settlement of $4000 per case, that is completely dependent on your current documented financial statement.
The average wait time is 9 months, 7500 cases right now in the collection queue.
When you call us we will review with you all the different settlement options.
Important: Notice regarding Offer in compromise
Beginning immediately: The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. 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.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS always consider your unique set of facts and circumstances: Everyone is different,
• 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.
Important: Making sure you are eligible for tax debt relief
Before we 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 for tax debt forgiveness relief
You’ll find step-by-step instructions 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 tax relief option
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.
You should continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.
Understand the tax relief process
While your offer in compromise is being evaluated:
• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Free consultations and its assessments are available on your free initial call.
by Fresh Start Tax | Jun 3, 2016 | Tax Help
If you have received any IRS tax bill notice contact us today for free initial tax consultation. Since 1982. True Affordable, IRS Expert Tax Relief Help.
We are true affordable IRS tax experts with over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of IRS. Former IRS Instructors, Managers. We Know Tax Relief. We Know the IRS!
We understand all the methodologies in the system and can get you immediate and permanent relief from the Internal Revenue Service billing machine.
Tax Relief Programs Options
You will find your tax relief options below that you will find called the offer in compromise program
I am a former IRS agent in teaching instructor of the offer in compromise program.
When you call our office we were review with you to find out if are a tax debt settlement candidate to settle your debt for pennies on the dollar.
We have been in practice since 1982 in a true affordable and honest tax experts who can help solve your problems.
Call us for a free initial tax consultation
Tax Relief Stats:
The IRS accepted 38,000 offers in compromise last year for an average settlement of $4000 per case, that is completely dependent on your current documented financial statement.
When you call us we will review with you all the different settlement options.
IRS Tax Bills and Notices
IRS sends out millions and millions of IRS tax bills and notices.
Over 16 million taxpayers do not pay their annual taxes and the chief collection tool of the Internal Revenue Service to follow-up for those who owe back taxes are through series of five notices sent by Internal Revenue Service.
They are sent on 5 week billing cycles.
You have a balance due (money you owe the IRS) on one of your tax accounts.
It is important that you check the IRS billing statements to make sure they are accurate and correct.
You must also make sure you answer all IRS correspondence because IRS does not allow these billing notices to slip through the cracks.
IRS always follows up!
Every five weeks you will continue to receive an IRS tax bill notice in the language gets harsher and harsher.
At some point in time you will receive a final notice and demand and if its is not is answered, IRS will send out as a general rule and IRS bank or wage garnishment levy and sometimes they send out an IRS federal tax lien.
IRS sends out 1.5 million bank and wage garnishments levies a year.
What to Do Next
Step One, is to make sure the IRS is correct in their billing information.
Step Two, is to contact the us or the Internal Revenue Service to take care of this tax debt obligation.
In cases where you cannot pay the IRS, IRS have options to place taxpayers into:
1. a currently not collectible status,
2. payment agreements or,
3 . may file an offer in compromise to settle their tax debt for pennies on the dollar.
Contact us today for a free initial tax consultation to learn about any IRS Notice or Tax Bill.
Our 65 years of professional IRS tax experience are well worth your time. Since 1982, A+ rated by the Better Business Bureau. We are true IRS tax experts and specialty in the IRS collection on the divisions.
Important Notice regarding Offer in compromise
Beginning immediately: The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. 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.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS always 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.
Important Making sure you are eligible for tax debt relief
Before we 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 for tax debt relief
You’ll find step-by-step instructions 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 tax relief option
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. See your application package for details.
Understand the tax relief process
While your offer 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.
IRS Tax Bills & Tax Notice + Tax Relief Programs + Settlement Options
by Fresh Start Tax | Jun 3, 2016 | Tax Help
We are former IRS agents and managers who specialize in all IRS problems with the specialty in IRS Tax Audits, the Affordable Professional Firm, Since 1982.
Don’t be freaked out because you have an IRS audit letter.
We have handled hundreds upon hundreds of IRS on successfully.
Let us review the documents you have and will probably give you a very accurate assessment about your IRS audit and solutions to bring this to a happy ending.
If you have questions call us today for a free initial tax consultation.
Being former IRS agents we understand the system in the processes of the IRS.
Does the IRS ever contact a taxpayer or the tax preparer via e-mail to initiate an audit?
The IRS does not contact an individual via e-mail for an initial appointment. Contact related to being selected for an audit will be made via telephone or mail only, due to disclosure requirements.
Does filing an amended return affect the return selection process?
Filing an amended return does not affect the selection process of the original return. However, amended returns also go through a screening process and the amended return may be selected for audit.
Why was my return selected for audit?
When returns are filed, they are compared against “norms” for similar returns. The “norms” are developed from audits of a statistically valid random sample of returns.
These returns are selected as part of the National Research Program which the IRS conducts to update return selection information.
The return is next reviewed by an experienced auditor. At this point, the return may be accepted as filed, or if based on the auditor’s experience questionable items are noted, the auditor will identify the items noted and the return is forwarded for assignment to an examining group.
Upon assignment to a group, the return is reviewed by the manager.
Items considered in assigning a case are: factors particular to the area such as issues pertaining to construction, farming, timber industry, etc. that have specific factors and rules that apply.
Based on the review, the manager can accept the return or assign the return to an auditor. The assigned auditor again reviews the return for questionable items and either accepts it as filed or contacts the taxpayer to schedule an appointment.
Where will the IRS audit be held?
It depends on the type of audit being conducted.
1.Audits by Mail/Correspondence Audit: Some audits are conducted entirely by mail. If the audit is conducted by mail, you will receive a letter from the IRS asking for additional information about certain items shown on the tax return such as income, expenses, and itemized deductions.
2.In-Person Audits are audits conducted either at a local IRS office or at your business location.
Can you request the audit be conducted at the IRS office instead of at your place of business?
If the audit has been scheduled to be conducted at your location, it will generally be conducted where the books and records are located.
Requests to transfer the audit to another location, including an IRS office, will be considered but may not be granted. Treasury Regulation 301.7605-1(e), Time and place of audit, discusses the items considered when a request for a change in location is made.
Can the audit be transferred to another IRS office?
You can request a transfer of an audit if you have moved.
Several factors will be considered such as your current location, the location of the business and where the books and records are maintained.
If the audit is by correspondence, you can request a face-to-face audit because the books and records may be too voluminous to mail.
How long should the records related to a business or other long-term asset be kept?
In the case of an asset, records related to the asset should generally be kept for as long as you have the asset plus three years.
If the asset was exchanged, the basis for the new asset may include the exchanged asset so the records for both assets will need to be retained until the new asset is disposed plus three years from the file date of the tax return for the year of disposition.
How long should payroll records be kept?
In general, payroll records should be kept for four years with a review of the file to see if any items relating to current employees should be retained with current records.
After an auditor completes the audit, will the case be reviewed to ensure the audit results are correct?
All cases may be reviewed by the auditor’s manager either during the audit or upon completion. If errors are noted by the manager, the auditor will contact you to advise you about the proposed correction and what impact this may have on the amount of tax due.
It’s time for my appointment and I’m not ready. What do I do?
If you do not have all the information requested, contact your auditor at the number reflected in the notification letter to discuss what information is currently available. It may be possible to begin the audit with the information available rather than postpone the appointment.
The quicker the audit begins, the quicker it can be resolved. In addition, if the initial appointment is scheduled beyond 45 days from the initial action, managerial approval is required.
How far back can the IRS go to audit my return?
Generally, the IRS can include returns filed within the last three years in an audit. Additional years can be added if a substantial error is identified.
Generally, if a substantial error is identified, the IRS will not go back more than the last six years.
The IRS tries to audit tax returns as soon as possible after they are filed. Accordingly most audits will be of returns filed within the last two years.
If an audit is not resolved, you may be asked to extend the statute of limitations for assessment tax. The statute of limitations limits the time allowed to assess additional tax.
The statute of limitations is generally three years after a return is due or was filed, whichever is later.
There is also a statute of limitations for making refunds.
Extending the statute will allow you additional time to provide further documentation to support your position, request an appeal if you do not agree with the audit results, or to claim a tax refund or credit.
It also allows the IRS time to complete the audit and provides time to process the audit results.
You do not have to agree to extend the statute of limitations date.
However, if you do not agree, the auditor will be forced to make a determination based upon the information provided.
