by Fresh Start Tax | Dec 10, 2015 | Tax Help
We are an Affordable full service tax firm specializing in IRS tax problems. We have over 65 years of combined IRS work experience, since 1982. Former IRS.
If you need a physical copy of the release of Federal tax Lien call us today. This way you can permanently have and/or send to your credit reporting company.
We are the affordable professional firm that can walk you through this process.
What You Need to Know about the Release of the Federal Tax Liens.
As a former IRS agent and teaching instructor I used to sign hundreds upon hundreds of federal tax liens and I know the exact science and procedures to get a hard copy of your federal tax lien release.
If you have paid IRS in full, the IRS generally has within 30 days to you issue you a release of lien. However, this is hardly the case and IRS is getting worse.
If your statute has expired and IRS has not released your federal tax lien you should know you are not get up get a paper release. That lean will expire by statute alone. However we can obtain a hard copy for you if necessary.
As a former IRS and teaching instructor, I have found that most taxpayers do not understand that the federal tax lien is self releasing after its statutory time after collection periods have expired. At the end of the 10 year normal collection statute, federal tax liens are self releasing.
Most people or parties have a hard time understanding what this is. This simply means that IRS no longer has an enforceable right to collect a tax debt.
If you have not paid IRS in full they do not want to waste the time or spend the money to send you a hard copy in file you release a lien at the courthouse.
They feel this is not their obligation and IRS has no intentions of sending you a hard copy unless you force the issue. Call us today if this is happened to you, we have affordable tax options.
The Internal Revenue Manual
8.21.5.1.2 (04-20-2012)
Collection Statute Expiration Date
1. IRC 6502 provides that the length of period for collection after assessment of a tax liability is 10 years. Each tax assessment has a Collection Statute Expiration Date.
2. Any tax assessed on or after November 6, 1990, is collectible for 10 years from the date of assessment.
Previously, the collection statute ran for a 6 year period. Any tax assessed on or before November 5, 1990, on which the former 6 year statute of limitations had not expired on November 6, 1990, is collectible for 10 years from the date of assessment.
Once a tax liability is assessed, the statute of limitations for collection begins to run. The expiration of the collection statute ends the Government’s right to pursue collection of a liability.
Can the Collect Period Be Extended?
Certain things can extend the normal tenure statute of limitations. Examples can be the 1. filing of the bankruptcy,
2. Certain litigation with the IRS,
3.CDP’s or the filing of a collection due process or,
4. the signing of a 900 waiver
The Self Releasing Lien
5.12.3.4.1.1 (07-15-2015)
Self-Releasing Lien
1. NFTLs filed on Form 668(Y)(c), Notice of Federal Tax Lien, show a “Last Day for Refiling.”
Language on the form states that if the NFTL is not refiled by that date, the lien shall be considered to be released.
This is known as a self-releasing lien.
Note:
The self-releasing language was incorporated into Form 668(Y) in December 1982.
In very rare situations, you may encounter a NFTL filed prior to that time.
Although such a NFTL would not have been self-releasing, it still required timely refiling to maintain its effectiveness.
Any such NFTLs that continue to be identified as active by the local recording office should be researched and addressed accordingly.
2. The primary reason for the self-releasing statement is to provide an efficient means to notify third parties that the lien is no longer enforceable. The self-release clause meets the 30-day requirement to release a lien. When the “Last Day for Refiling” passes and no refile has been done, both the statutory lien and the NFTL are immediately released.
3. A certificate of release is not systemically issued for self-releasing liens. there are ways to actually get a paper release of lien by calling us.
We are an affordable solution if you need a hard copy of the release of Federal tax Lien.
A. If the taxpayer requests a certificate of release and the underlying liabilities have been satisfied or are no longer enforceable, then a certificate of release should be issued and we can get these and achieve this for you.
PLEASE NOTE : If the “Last Day for Refiling” is not specified on the NFTL, the self-release provision is not in effect and a certificate of release must be issued when the CSED expires.
Call us today to learn more and speak to true IRS tax experts.
Federal Tax Lien Release + Need A Hard Copy of the Release of Tax Lien + Former IRS
by Fresh Start Tax | Dec 10, 2015 | Tax Help
We are a full service tax firm specializing in IRS tax problems. We have over 65 years of combined IRS work experience, since 1982.
If you need a physical copy of the release of Federal tax Lien call us today.
We are the affordable professional firm that can walk you through this process.
What You Need to Know
As a former IRS and teaching instructor, I have found that most taxpayers do not understand that the federal tax lien is self releasing after its statutory time after collection periods have expired.
At the end of the 10 year normal collection statute, federal tax liens are self releasing.
Most people or parties have a hard time understanding what this is. This simply means that IRS no longer has an enforceable right to collect a tax debt.
The Internal Revenue Manual
8.21.5.1.2 (04-20-2012)
Collection Statute Expiration Date
1. IRC 6502 provides that the length of period for collection after assessment of a tax liability is 10 years. Each tax assessment has a Collection Statute Expiration Date.
2. Any tax assessed on or after November 6, 1990, is collectible for 10 years from the date of assessment.
Previously, the collection statute ran for a 6 year period. Any tax assessed on or before November 5, 1990, on which the former 6 year statute of limitations had not expired on November 6, 1990, is collectible for 10 years from the date of assessment.
Once a tax liability is assessed, the statute of limitations for collection begins to run. The expiration of the collection statute ends the Government’s right to pursue collection of a liability.
Can the Collect Period Be Extended?
Certain things can extend the normal tenure statute of limitations. Examples can be the 1. filing of the bankruptcy,
2. Certain litigation with the IRS,
3.CDP’s or the filing of a collection due process or,
4. the signing of a 900 waiver
The Self Releasing Lien
5.12.3.4.1.1 (07-15-2015)
Self-Releasing Lien
1. NFTLs filed on Form 668(Y)(c), Notice of Federal Tax Lien, show a “Last Day for Refiling.”
Language on the form states that if the NFTL is not refiled by that date, the lien shall be considered to be released.
This is known as a self-releasing lien.
Note:
The self-releasing language was incorporated into Form 668(Y) in December 1982.
In very rare situations, you may encounter a NFTL filed prior to that time.
Although such a NFTL would not have been self-releasing, it still required timely refiling to maintain its effectiveness.
Any such NFTLs that continue to be identified as active by the local recording office should be researched and addressed accordingly.
2. The primary reason for the self-releasing statement is to provide an efficient means to notify third parties that the lien is no longer enforceable. The self-release clause meets the 30-day requirement to release a lien. When the “Last Day for Refiling” passes and no refile has been done, both the statutory lien and the NFTL are immediately released.
3. A certificate of release is not systemically issued for self-releasing liens. there are ways to actually get a paper release of lien by calling us.
We are an affordable solution if you need a hard copy of the release of Federal tax Lien.
A. If the taxpayer requests a certificate of release and the underlying liabilities have been satisfied or are no longer enforceable, then a certificate of release should be issued and we can get these and achieve this for you.
PLEASE NOTE : If the “Last Day for Refiling” is not specified on the NFTL, the self-release provision is not in effect and a certificate of release must be issued when the CSED expires.
Call us today for free initial tax consultation and speak to a true expert.
by Fresh Start Tax | Dec 10, 2015 | Tax Help
Affordable Experts Since 1982, Former IRS Teaching Instructor
One of the advantages of getting your offer in compromise accepted by the Internal Revenue Service is after you’ve lived up to the terms of the agreement the IRS will release the federal tax lien that was filed against you.
As a general rule, the Internal Revenue Service release that lien within 30 days after you complete the payment terms of a doubt as to collectibility offer in compromise.
If you need to learn more call us today for a free initial tax consultation and we can walk you through the process of obtaining an IRS tax lien release through the offer in compromise program.
As former IRS agents and managers would have logged over 65 years of direct work experience in the local, district, and regional tax offices of the IRS.
As former IRS agents and managers we worked the offer in compromise program as teaching instructors and on-the-job instructors.
We are tax experts for IRS tax liens and with the offer in compromise program.
The Offers in Compromise.
An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount.
The new Fresh Start Program expanded and streamlined the OIC program.
The IRS now has more flexibility when analyzing a taxpayer’s ability to pay.
This makes the offer program available to a larger group of taxpayers.
Generally, the IRS will accept an offer if it represents the most the agency can expect to collect within a reasonable period of time.
The IRS will not accept an offer if it believes that the taxpayer can pay the amount owed in full as a lump sum or through a payment agreement.
The IRS looks at several factors, including the taxpayer’s income and assets, to make a decision regarding the taxpayer’s ability to pay.
More Info on the Offer Program
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS will require form 433OIC and form 656OIC to be fully documented and complete before the submission of an offer in compromise.
Select a payment option for IRS Debt Settlements
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.
IRS Federal Tax Lien Releases Through Offer In Compromises + Former IRS Settlement Agent for Offer in Compromise Program
by Fresh Start Tax | Dec 10, 2015 | Tax Help
Affordable specialty IRS tax firm can STOP an income tax levy. Since 1982, A+ rated BBB, former IRS agents and managers . We know the System!
We are composed of CPAs and former IRS agents and managers who have over 65 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. We know the internal workings of Internal Revenue Service and can get immediate release and stoppage of an income tax levy.
Within 24 hours of receiving your current financial statement we can obtain a levy release.
We are affordable tax experts for those who need to get an immediate and permanent release of an income tax levy and settle their tax debt all of the same time.
There are generally two types of levies.
As a general rule the Internal Revenue Service will either issue a bank levy or a wage garnishment levy. There is a difference in the two.
A wage levy is an immediate garnishment on your wages. The IRS will probably give you weekly exemptions of about 20% of your current wages and the rest goes to IRS.
An IRS bank levy is a little different. The day the bank receives your levy a freeze is put on your available funds for that day only. You can use your bank account freely during the 21 days however the money that was levied on that specific day will be frozen and sent to IRS on the 22nd day of the levy is not released.
There are various ways of paying back taxes owed to the Internal Revenue Service and most are dependent on your current financial statement or state of affairs.
In most cases in which a client has not paid back taxes there are several options available after the taxpayer completes a current financial statement on form 433F. That financial statement must be completely documented along with bank statements, pay stubs, copy of all expenses and receipts matching those expenses.
Once IRS reviews your current financial statement IRS will apply the national standard tests of allowable expenses that the Service feels necessary in certain regions and counties in the United States. IRS will use those standards and determine the type settlement that will be applicable in your situation.
The different settlement options
1. After review of your current financial statement, IRS may deem you to be in a currently not collectible status, this means the Internal Revenue Service will suspend your case for two or three years and bring it back out to the field at a later point in time in which they will rework the case and asked for a new financial statement.
2. IRS may determine that you are a monthly installment candidate. Over 6.5 million taxpayers enter into monthly installment payments each and every year and believe it or not at least a third of those taxpayers who enter into those agreements break them.
3. The other options include filing offer in compromise to settle your tax debt.
The offer in compromise is a long process and a very specific process.
As a former IRS agent and teaching instructor I taught new IRS agents this program.
You should know there is an IRS pre-qualifier tool for those wanting to file an offer in compromise.
The Offer in Compromise Option + IRS Tax Debt Settlements
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS will require form 433OIC and form 656OIC to be fully documented and complete before the submission of an offer in compromise.
Select a payment option for IRS Debt Settlements
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 OIC process to IRS Tax Debt Settlement
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.
You Must have all tax returns filed before IRS will consider you settling your tax debt with an offer in compromise. We can prepare all back tax returns with little or no records.
Call us today for a free initial tax consultation and hear the truth about your case.
When you call our office you will speak to a true tax professional who can help you both understand and bring you to a proper state of resolution so you do not need to worry and be free of any IRS consequences.
We have over 206 years of professional tax experience in over 65 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
Call us today for a free initial tax consultation and speak to a true IRS expert. Start the process to get your income tax levy released today and settle your tax that all at the same time.
by Fresh Start Tax | Dec 10, 2015 | Tax Help
We are affordable former IRS agents and managers that can help Deal and Stop IRS Tax Notices.
As a former IRS Agent, taxpayer after taxpayer would tell me, “I hate to receive a letter from Internal Revenue Service.”
As former we used to call these letters,” nasty grams.”
IRS sends out these notices or letters because there is an unresolved issue on the IRS CADE2 computer system.
We have worked thousands of cases since 1982 and a true tax experts regarding any IRS matter.
If you’ve received a letter from the Internal Revenue Service or a tax notice and need a sufficient explanation and resolution, call us today and speak directly to former IRS agents and managers who have over 65 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices in the IRS.
Not only were we former IRS agents and managers were also on-the-job instructors and teaching agent to talk out of the regional tax offices.
Time Sensitive Notices From the IRS
All letters that are sent out from the Internal Revenue Service are time sensitive, that is a follow-up date are usually on those letters. Few letters require no follow-up. they will specifically state on the letter or notice.
IRS will always follow-up certain letters and they will let we know exactly what their next move is going to be.
Being a former agent, I can tell you that many taxpayers have placed their heads in the sand and do not believe IRS’s is going to follow-up. I can tell you, the IRS computer systems are programmed to make sure follow-up action is taken and rest assure this case will not go away until it’s resolved off the computer.
Many of these time sensitive notices are almost all computer-generated and it is best to deal with them as soon as you get them to stop the process of IRS taking further action and in some cases issuing bank levies, wage garnishments or issuing audit reports.
As a side note all of IRS’s billing letters are on five-week cycles. when you receive your last and final notice or bill for the Internal Revenue Service and do not follow up. You can expect an IRS bank or wage garnishment levy or the filing of the federal tax lien. these letters all must be answered they are not going to go away.
Call us today for a free initial tax consultation and we can review all your options and make this problem go away.
We are an A+ rated company by the Better Business Bureau and free consultations are always available.
When you call our office you will speak specifically to a true IRS tax expert who could give you the best possible consult and help take your worry away.
Received a Tax Notice From the IRS + How to Stop the Problem NOW + Tax Help From Former IRS Agents + Free Consults
