by Fresh Start Tax | Dec 16, 2015 | Tax Help
We are former AFFORDABLE IRS agents and managers who know the system. Since 1982, A+ rated by the Better Business Bureau. Settle Tax Debt. Stop IRS Now
Do you owe payroll tax debt or back trust fund tax debt?
Call us today and find out all your options on how to get immediate and permanent IRS tax relief.
If the IRS has found you a responsible person for the trust fund penalty, call us today for free initial tax consultation and we will walk you through the process of resolving this tax at once and for all.
There are various options available. Being former IRS agents and managers we know every possible solution to remedy this tax debt. We can resolve and possibly reduce your tax obligation.
There are various options you have for tax relief:
The basic options include:
1. trust fund appeals, the possibility of an offer in compromise, doubt to liability,
2.hardships, or currently not collectible,
3. payments plan, and
4. the offer in compromise, if you are a qualified and suitable candidate.
The Process of Getting IRS Tax Debt Relief on Trust Fund Tax Debt
We need to look to find out if you were truly responsible under 6672 of the IRS code. many time IRS ram rods these penalties to people who truly were not responsible for trust fund taxes.
I’ve work so many cases and being a former IRS agent IRS just tries to set these penalties up against everybody and many people do not have proper representation to fight IRS.
We will carefully review your case to find out if you were truly responsible for the trust fund penalty.
We will conduct a review to find out if there is any way that we can appeal for change the assessment of this trust fund tax.
If we feel we would’ve beat this assessment through the appellate process we can go ahead and file an offer in compromise as to doubt as to liability and appeal this assessment.
If you are responsible for the tax, IRS will take a current financial statement and make a determination based on the collectibility of the tax.
How the Internal Revenue Service will work your case if you owe the IRS tax debt.
IRS will require a 433A, an individual financial statement. You can find that form directly on our website.
Many times the IRS uses 433F, depending were the cases in the system. Cases worked in the ACS system uses shorter version of the financial statement.
If the case is worked in the local office the revenue officer will use form 433.A
That financial statement will need to be fully documented along with bank statements, copies of checks and monthly expenses.
We will walk you through the process of how the IRS will work your case in the collection action that can possibly taken.
Will also review with you the IRS national standards program on all cases for those who owe back taxes.
Once IRS reviews your current financial statement they will make a determination and generally put you in one of two categories with the option of filing an offer in compromise.
1.IRS determines on 40% of the cases that taxpayers are put into hardship which means they can’t pay the tax at this time. Sometimes it is called currently not collectible. Cases that are placed at currently not collectible or hardship stay in there for a period of 2 to 3 years and come back out to the field at a later time.
2. 6.5 million people enter monthly payment plans and pay a certain amount based on their current documented financial statement.
Other taxpayers file an offer in compromise to settle their case for pennies on the dollar. The offer in compromise requires a lot of skill and expertise to have accepted by the Internal Revenue Service.
What is an offer in compromise.
It is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed.
Taxpayers who can fully pay the liabilities through an installment agreement or other means, will not be eligible for a OIC in most cases.
In order to be eligible for a OIC, the taxpayer 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.
In most cases, the IRS will not accept a OIC unless the amount offered by a taxpayer is equal to or greater than the reasonable collection potential (the RCP).
The RCP is how the IRS measures the taxpayer’s ability to pay.
The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property.
In addition to property, the RCP also includes anticipated future income less certain amounts allowed for basic living expenses.
The IRS may accept a OIC based on three grounds:
• First, the IRS can accept a compromise if there is doubt as to liability. A compromise meets this only when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.
• Second, the IRS can accept a compromise if there is doubt that the amount owed is fully collectible. Doubt as to collectibility exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
• Third, the IRS can accept a compromise based on effective tax administration. An offer may be accepted based on effective tax administration when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
When submitting a OIC based on doubt as to collectibility or based on effective tax administration, taxpayers must use the most current version of:
1. Form 656, Offer in Compromise, and also submit Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or,
2. Form 433-B (OIC), Collection Information Statement for Businesses. A taxpayer submitting a OIC based on doubt as to liability must file a Form 656-L (PDF), Offer in Compromise (Doubt as to Liability), instead of Form 656 and Form 433-A (OIC) and/or Form 433-B (OIC).
Form 656 and referenced collection information statements are available in the Offer in Compromise Booklet, Form 656-B (PDF).
In general, a taxpayer must submit a $186 application fee with the Form 656. Do not combine this fee with any other tax payments.
However, there are two exceptions to this requirement:
• First, no application fee is required if the OIC is based on doubt as to liability.
• Second, the fee is not required if the taxpayer is an individual (not a corporation, partnership, or other entity) who qualifies for the low-income exception.
This exception applies if the taxpayer’s total monthly income falls at or below 250 percent of the poverty guidelines published by the Department of Health and Human Services. Section 4 of Form 656 contains the Low Income Certification guidelines to assist taxpayers in determining whether they qualify for the low-income exception.
A taxpayer who claims the low-income exception must complete section 4 of Form 656 and check the certification box.
Taxpayers may choose to pay the offer amount in a lump sum or in installment payments.
A “lump sum cash offer” is defined as an offer payable in 5 or fewer installments within 5 or fewer months after the offer is accepted. If a taxpayer submits a lump sum cash offer, the taxpayer must include with the Form 656 a nonrefundable payment equal to 20 percent of the offer amount.
This payment is required in addition to the $186 application fee.
The 20 percent payment is “nonrefundable” meaning it will not be returned to the taxpayer even if the offer is rejected or returned to the taxpayer without acceptance.
Instead, the 20 percent payment will be applied to the taxpayer’s tax liability. The taxpayer has a right to specify the particular tax liability to which the IRS will apply the 20 percent payment.
An offer is called a “periodic payment offer” under the tax law if it is payable in 6 or more monthly installments and within 24 months after the offer is accepted.
When submitting a periodic payment offer, the taxpayer must include the first proposed installment payment along with the Form 656.
This payment is required in addition to the $186 application fee. This amount is nonrefundable, just like the 20 percent payment required for a lump sum cash offer. Also, while the IRS is evaluating a periodic payment offer, the taxpayer must continue to make the installment payments provided for under the terms of the offer.
These amounts are also nonrefundable. These amounts are applied to the tax liabilities and the taxpayer has a right to specify the particular tax liabilities to which the periodic payments will be applied.
Upon acceptance of a OIC, the taxpayer may no longer designate offer payments to any specific tax liability covered in the offer agreement.
Ordinarily, the statutory time within which the IRS may engage in collection activities is suspended during the period that the OIC is under consideration, and is further suspended if the OIC is rejected by the IRS and where the taxpayer appeals the rejection to the IRS Office of Appeals within 30 days from the date of the notice of rejection.
If the IRS accepts the taxpayer’s offer, the IRS expects that the taxpayer will have no further delinquencies and will fully comply with the tax laws.
IRS Tax Issue Problems + Payroll Tax Debt + IRS Trust Fund Taxes Debt + Offer in Compromise + Reduce & Resolve IRS Tax Debt
by Fresh Start Tax | Dec 16, 2015 | Tax Help
We are an “AFFORDABLE “ full service tax firm that specializes in IRS tax issue problems + Former IRS Agents, Since 1982.
We have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service. Also on staff former State Agents.
If you are having any type of IRS tax troubles call us today and you can have expert tax advice available to you for free initial tax consultation.
After 65 years of combined IRS work experience, we know all the protocols and systems used to help settle IRS tax problem cases.
If you need to file back tax returns or owe the IRS a tax debt, we can go ahead and work out an effective tax settlement for you.
The Financial Statement your current financial statement will hold the key to unlock IRS tax troubles.
IRS must have a common factor to make determinations on all cases in which back taxes are owed.
The common thread that are used to resolve all IRS cases across the United States nationwide are looking at her current financial statement to the same standards are used for every taxpayer and there’s a complete fairness in the system.
IRS will require a current financial statement to close your case off of the collection computer. The financial statement is key to case closings. Therefore preparation, and submission become the very key factors to success.
We have worked so many cases we understand how to prepare and document your current financial statement for optimum tax results to reduce your IRS troubles.
IRS after reviewing your current financial statement will either put you into a current hardship, asking for a monthly payment agreement or will consider the filing of an offer in compromise.
Your current financial statement will completely determine the closing method used by IRS.
The Methods of IRS Case Closures:
At the current time over:
1. 40% of the cases are put into a currently not collectible file,
2. 6.5 million taxpayers have current monthly or installment agreements and,
3. 38,000 taxpayer settled by the acceptance of an offer in compromise.
As a general rule the only other way case close, is when the statute of limitation expires or a bankruptcy proceeding wipes out the tax.
Also the possibility of a chapter 7 qualifying for discharges of income taxes under federal rules.
Unfiled or not filed back, or past due tax returns?
Many people do not file back tax returns because they lost their records or because of fear. It is important to remember IRS just want you back in the system so don’t let fear or panic set in.
If this is your case, we can go ahead and pull IRS tax transcripts and secure enough information to file back tax returns.
If you have little or few tax records that is not a problem we can prepare your returns under reconstructive methods ensure you will pay the lowest amount allowed by law. We can get you back in the system worry free.
Being a former IRS agents we understand all the techniques to get you back in the system worry free. Once we file a power of attorney will never have to speak to the Internal Revenue Service.
I caution those taxpayers who do not file to be very careful because IRS can file your tax return under 6020 B and you will pay the most amount allowed by law
If you do not follow-up on the assessment IRS makes under 6020 B of the IRC code, the Internal Revenue Service will follow-up by the filing of a federal tax levy in a federal tax lien.
We will give you a free evaluation or analysis on the best way to settle your case for the lowest possible dollar amount if you are a suitable candidate for an offer in compromise.
Being a former IRS agent revenue officer I both worked and taught the offer in compromise program. We will walk you through the pre-qualifier program to see if you’re qualified for an IRS offer a compromise tax settlement.
Call us today for free initial tax consultation & speak to a true IRS tax expert.
IRS Tax Issue Problems + IRS Tax Help + Unfiled Back Tax Returns + STOP Tax Levy + STOP Tax Liens + Set up Payment Plans + Offer in Compromise Settlements
by Fresh Start Tax | Dec 16, 2015 | Tax Help
We are an AFFORDABLE full service tax firm that specializes in IRS tax issues & problems, since 1982.
Since 1982 we have been serving a nationwide clientele for IRS matters in IRS problems. We are a full-service firm with an expertise in the resolution of IRS and state tax problems.
We are composed of tax attorneys, CPAs and former IRS agents, managers tax and teaching instructors.
Together we have combined 206 years professional tax experience.
Our former IRS agents have over 65 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. not only have we worked as IRS agents but we were managers, teaching instructors and did on-the-job training for new IRS agents.
We can handle any type of IRS tax trouble or tax problem for any civil matters.
We are very affordable professional tax firm that you can call for a free initial tax consultation we will be able to review your case and give you an exit strategy and a very simply and easy tax solution to permanently resolve your IRS tax issue case.
If you have received an IRS tax levy, within 24 hours are receiving your current financial statement we can get a levy or wage garnishment released.
If you have on file back tax returns that need to be sent to IRS, we can prepare your back returns with little or no records.
If you have back tax debt will review your current financial statement and explain the two possible options IRS will used to settle your case.
As a general rule, you will either be put into a current tax hardship or a monthly installment agreement. Those of you may be able to file for offer in compromise to settle your debt for pennies on the dollar.
When you call us we will explain to you how IRS representation will work and all options.
We can represent you during a tax audit if necessary.
When you call our office you will speak to a true tax expert who will explain to you every possible resolution strategy and help solve your IRS tax trouble as fast as possible.
We are a full-service firm with all work being done in-house.
Call us today for a free initial tax consultation.
IRS Tax Problem Issues + Tax Attorneys, CPA’s, Former IRS + Stop Levy’s, Unfiled Returns, Back Tax Debt, IRS Representation, Audits
by Fresh Start Tax | Dec 16, 2015 | Tax Help
We are a AFFORDABLE full service tax firm that specializes in IRS tax issues & problems, since 1982.
Since 1982 we have been serving a nationwide clientele for IRS matters in IRS problems. We are a full-service firm with an expertise in the resolution of IRS and state tax problems.
We are composed of tax attorneys, CPAs and former IRS agents, managers tax and teaching instructors.
Together we have combined 206 years professional tax experience.
Our former IRS agents have over 65 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. not only have we worked as IRS agents but we were managers, teaching instructors and did on-the-job training for new IRS agents.
We can handle any type of IRS tax trouble or tax problem for any civil matters.
We are very affordable professional tax firm that you can call for a free initial tax consultation we will be able to review your case and give you an exit strategy and a very simply and easy tax solution to permanently resolve your IRS tax issue case.
If you have received an IRS tax levy, within 24 hours are receiving your current financial statement we can get a levy or wage garnishment released.
If you have on file back tax returns that need to be sent to IRS, we can prepare your back returns with little or no records.
If you have back tax debt will review your current financial statement and explain the two possible options IRS will used to settle your case.
As a general rule, you will either be put into a current tax hardship or a monthly installment agreement. Those of you may be able to file for offer in compromise to settle your debt for pennies on the dollar.
When you call us we will explain to you how IRS representation will work and all options.
We can represent you during a tax audit if necessary.
When you call our office you will speak to a true tax expert who will explain to you every possible resolution strategy and help solve your IRS tax trouble as fast as possible.
We are a full-service firm with all work being done in-house.
Call us today for a free initial tax consultation.
IRS Tax Issues + Tax Attorneys, CPA’s, Former IRS + Stop Levy’s, Unfiled Returns, Back Tax Debt, IRS Representation, Audits
by Fresh Start Tax | Dec 15, 2015 | Tax Help
We are a AFFORDABLE full service tax firm that specializes in IRS tax troubles, since 1982.
Since 1982 we have been serving a nationwide clientele for IRS matters in IRS problems. We are a full-service firm with an expertise in the resolution of IRS and state tax problems.
We are composed of tax attorneys, CPAs and former IRS agents, managers tax and teaching instructors. Together we have combined 206 years professional tax experience.
Our former IRS agents have over 65 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
We can handle any type of IRS tax trouble or tax problem for any civil matters. We are very affordable professional tax firm that you can call for a free initial tax consultation we will be able to review your case and give you an exit strategy and a very simply and easy tax solution to permanently resolve your IRS tax trouble case.
If you have received an IRS tax levy, within 24 hours are receiving your current financial statement we can get a levy or wage garnishment released.
If you have on file back tax returns that need to be sent to IRS, we can prepare your back returns with little or no records.
If you have back tax debt will review your current financial statement and explain the two possible options IRS will used to settle your case.
As a general rule, you will either be put into a current tax hardship or a monthly installment agreement.
Those of you may be able to file for offer in compromise to settle your debt for pennies on the dollar.
When you call us we will explain to you how IRS representation will work and all options.
We can represent you during a tax audit if necessary.
When you call our office you will speak to a true tax expert who will explain to you every possible resolution strategy and help solve your IRS tax trouble as fast as possible.
We are a full-service firm with all work being done in-house.
Call us today for a free initial tax consultation.
IRS Tax Troubles + Tax Attorneys, CPA’s, Former IRS + Stop Levy’s, Unfiled Returns, Back Tax Debt, IRS Representation, Audits
