by Fresh Start Tax | Dec 16, 2013 | Tax Help
We are a Florida tax firm who are experts in offers in compromise. We are a tax specialty firm.
We ave been practicing since 1982 right here in the state of Florida and are one of the most affordable and experienced professional tax firms dealing with IRS representation, IRS negotiation, and IRS settlements called the offer in compromise.
Our firm can review your current financial situation and will come up with the tax solution that can fit your your budget and your current financial needs.
On staff are tax attorneys, certified public accountants, former IRS agents, managers and tax instructors with over 206 years of professional tax experience.
Our staff is comprised of a former IRS revenue officer who not only worked and settled cases with the Internal Revenue Service but a former IRS appeals settlement officer who negotiated the offer in compromise as well at the appellate level. We are one of the most affordable tax firms in the business.
Our firm has over 60 years of combined IRS experienced in the local, district, and regional tax offices of Florida IRS offices.
We also are a nationwide tax firm that specializes specifically in the settlement of cases with the Internal Revenue Service.
Statistics for IRS Tax Settlements
- US Taxpayers filed 58,000 offers in compromise last year.
- 38% of all those offers in compromise filed were accepted by the Internal Revenue Service.
- The average settlement on a dollar was $.14.
The best advice I can give you is use a professional tax firm that has filed multiple offers in compromise to prepare and negotiate your offer in compromise.
There are certain formulas that IRS use to accept an offer in compromise.IRS can ONLY use these settling formulas.
IRS can only settle a case by the use of the offer in compromise formula.
Being a former IRS agent and teaching instructor I not only worked and settled cases with the IRS but I taught the offer in compromise program ( tax settlement program ) to revenue officers and IRS agents.
Because of the number of marketing and Internet companies aggressively seeking dollars from consumers there are many false claims and fraudulent advertising driving people to file an offer compromise when in fact they do not qualify for the offer in compromise program. You can get ripped off.
Tax Help – The Offer in Compromise Pre- Qualifier Tool will help you through this process.
The Internal Revenue Service couple years ago launched a pre-qualifier tool to help taxpayers navigate their way themselves to find out whether they qualify for the offer in compromise program.
You can find that pre-qualifier tool for the offer in compromise on our website.
When the Internal Revenue Service accepts the offer in compromise a taxpayer who has a federal tax lien filed against their name will get that removed as soon as they fulfill the contract and terms of the offer in compromise.
You can call us today for free initial tax assessment and we can walk through the program and find out if you are a qualified candidate to settle your case and we can give you help with your offer in compromise.
Acceptance Formulas Revenue Service
IRS is interested in only things assets and income.
IRS will want the total liquidation values of all your assets and the IRS will value your income based on the monthly standards.
IRS will add your total value of your income and multiple by 12 the value of income over and above the necessary living expenses.
The IRS Offer in Compromise General Information
The Offer in comprise will or can settle the taxpayer’s tax liabilities for less than the full amount owed.
It is important to remember that not all taxpayers are qualified candidates for the offer in compromise. You should check with the true tax professional to make sure you qualify for this program.
Make sure your are Eligible to settle with the IRS – Tax Help
In order to be eligible for an OIC tax help, 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 an OIC unless the amount offered by the 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 an OIC( tax settlements ) based on three grounds.
- 1. Acceptance is permitted if there is doubt as to liability. This ground is only met when genuine doubt exists under applicable law that the IRS has correctly determined the amount owed.
- 2. Acceptance is permitted if there is doubt that the amount owed is fully collectible. This means that 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.
- 3. Acceptance is permitted 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.
OIC – Effective Tax Administration for Tax Help
When submitting an OIC based on doubt as to collectibility or based on effective tax administration taxpayers must use the most current version of form 656 (PDF), Offer in Compromise, and also submit form 433 oic (PDF), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or form 433B oic (PDF), Collection Information Statement for Businesses.
OIC – Doubt as to liability for Tax Help
A taxpayer submitting an 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).
Application Fees for the Offer in Compromise for Tax Help
In general, a taxpayer must submit a $150 application fee with the Form 656.
Do not combine this fee with any other tax payments.This will not work.
There are, however, 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.Another note below:
- 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.
Making a Decision of How to Pay the Offer in Compromise – there are two choices
Taxpayers may choose to pay the offer amount in a:
- by lump sum or
- in installment payments.
Most Common – A “lump sum offer” is defined as an offer payable in 5 or fewer installments and within 24 months after the offer is accepted.
If a taxpayer submits a lump sum 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 $150 application fee. The 20 percent amount is called “nonrefundable” because it cannot be returned to the taxpayer even if the offer is rejected or returned to the taxpayer without acceptance.
The 20 percent amount 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 amount.
The 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 $150 application fee.
This amount is nonrefundable, just like the 20 percent payment required for a lump sum 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.
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.
If the taxpayer does not abide by all the terms and conditions of the OIC, the IRS may determine that the OIC is in default.
For doubt as to collectibility and effective tax administration OICs, the terms and conditions include a requirement that the taxpayer timely file all tax returns and timely pay all taxes for 5 years from the date of acceptance of the OIC. Offers in compromise filed for effective tax administration are hard to get through. I’ll imagine the last five years there are no more than five offers in compromise accepted under effective tax administration.
When an OIC is declared to be in default, the agreement is no longer in effect and the IRS may then collect the amounts originally owed, plus interest and penalties.
Additionally, any refunds due within the calendar year in which the offer is accepted will be applied to the tax debt.
If the IRS rejects your offer you can Appeal for File another OIC
If the IRS rejects an OIC, then the taxpayer will be notified by mail. The letter will explain the reason that the IRS rejected the offer and will provide detailed instructions on how the taxpayer may appeal the decision to the IRS Office of Appeals. If you think you have a valid appeal fight for your offer.
The appeal must be made within 30 days from the date of the letter. In some cases, an OIC is returned to the taxpayer, rather than rejected, because the taxpayer has not submitted necessary information, has filed for bankruptcy, has failed to include a required application fee or nonrefundable payment with the offer, or has failed to file tax returns or pay current tax liabilities while the offer is under consideration.
A return is different from a rejection because there is no right to appeal the IRS’s decision to return the offer. Believe it or not there is an extraordinarily high number of offers in compromise returned because the taxpayer simply do not know how to complete the form.
There are no limitations to the filing of offers in compromise.
You could file as many offers in compromise is you wish.
The highest acceptance chance that you will possibly have is using tax professional firm who knows the offer in compromise program inside out.
Call us today for free initial tax consultation and we can walk you through the process of giving you the tax help you need to settle your case with the Internal Revenue Service.
Remember that your current financial situation will dictate the way IRS will handle and settle your case.
Tax Help – Setting with the IRS / Former Agents – Know Settlement Formulas – Miami, Tampa, Jacksonville, St. Pete, Tallahassee
by Fresh Start Tax | Dec 16, 2013 | Offer in Compromise, Tax Help
Taxpayers filed 58,000 offers in compromise last year. 38% of all those offers in compromise filed were accepted by the Internal Revenue Service. The average settlement on a dollar was $.14.
The best advice I can give you is use a professional tax firm was filed multiple offers in compromise to prepare and negotiate your offer in compromise.
There are certain formulas that IRS use to accept an offer in compromise.
Knowing these formulas are great help to the success taxpayers getting this tax debt or tax burdens off their back.
IRS can only settle a case by the use of the offer in compromise formula.
Being a former IRS agent and teaching instructor I not only worked and settled cases with the IRS but I taught the offer in compromise program to revenue officers and former IRS agents.
Because of the number of marketing and Internet companies aggressively seeking dollars from consumers there are many false claims and fraudulent advertising driving people to file an offer compromise when in fact they do not qualify for the offer in compromise program.
The Offer in Compromise Pre- Qualifier Tool
The Internal Revenue Service couple years ago launched a pre-qualifier tool to help taxpayers navigate their way themselves to find out whether they qualify for the offer in compromise program.
You can find that pre-qualifier tool for the offer in compromise on our website.
You should understand that there is a lot of skewing and a lot of internal maneuvers to make within that formula to make sure your offer in compromise can get accepted if you are in fact a qualified candidate/taxpayer for offer in compromise help.
When the Internal Revenue Service accepts the offer in compromise a taxpayer who has a federal tax lien filed against their name will get that removed as soon as they fulfill the contract and terms of the offer in compromise.
You can call us today for free initial tax assessment and we can walk through the program and find out if you are a qualified candidate to settle your case and we can give you help with your offer in compromise.
Acceptance Formulas Revenue Service
IRS is interested in only things assets and income.
IRS will want the total liquidation values of all your assets and the IRS will value your income based on the monthly standards.
IRS will add your total value of your income and multiple by 12 the value of income over and above the necessary living expenses.
This is a rock solid formula.
The IRS Offer in Compromise General Information
The Offer in comprise will or can settle the taxpayer’s tax liabilities for less than the full amount owed.
It is important to remember that not all taxpayers are qualified candidates for the offer in compromise. You should check with the true tax professional to make sure you qualify for this program.
Make sure your are Eligible
In order to be eligible for an 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 an OIC unless the amount offered by the 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 an OIC based on three grounds.
- 1. Acceptance is permitted if there is doubt as to liability. This ground is only met when genuine doubt exists under applicable law that the IRS has correctly determined the amount owed.
- 2. Acceptance is permitted if there is doubt that the amount owed is fully collectible. This means that 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.
- 3. Acceptance is permitted 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.
OIC – Effective Tax Administration
When submitting an OIC based on doubt as to collectibility or based on effective tax administration taxpayers must use the most current version of form 656 (PDF), Offer in Compromise, and also submit form 433 oic (PDF), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or form 433B oic (PDF), Collection Information Statement for Businesses.
OIC – Doubt as to liability
A taxpayer submitting an 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).
Application Fees for the Offer in Compromise
In general, a taxpayer must submit a $150 application fee with the Form 656. Do not combine this fee with any other tax payments.
There are, however, 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.
Making a Decision of How to Pay the Offer in Compromise
Taxpayers may choose to pay the offer amount in a:
- lump sum or
- in installment payments.
A “lump sum offer” is defined as an offer payable in 5 or fewer installments and within 24 months after the offer is accepted.
If a taxpayer submits a lump sum 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 $150 application fee. The 20 percent amount is called “nonrefundable” because it cannot be returned to the taxpayer even if the offer is rejected or returned to the taxpayer without acceptance.
The 20 percent amount 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 amount.
The 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 $150 application fee.
This amount is nonrefundable, just like the 20 percent payment required for a lump sum 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.
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.
If the taxpayer does not abide by all the terms and conditions of the OIC, the IRS may determine that the OIC is in default.
For doubt as to collectibility and effective tax administration OICs, the terms and conditions include a requirement that the taxpayer timely file all tax returns and timely pay all taxes for 5 years from the date of acceptance of the OIC. Offers in compromise filed for effective tax administration are hard to get through. I’ll imagine the last five years there are no more than five offers in compromise accepted under effective tax administration.
When an OIC is declared to be in default, the agreement is no longer in effect and the IRS may then collect the amounts originally owed, plus interest and penalties.
Additionally, any refunds due within the calendar year in which the offer is accepted will be applied to the tax debt.
If the IRS rejects your offer you can Appeal for File another OIC
If the IRS rejects an OIC, then the taxpayer will be notified by mail. The letter will explain the reason that the IRS rejected the offer and will provide detailed instructions on how the taxpayer may appeal the decision to the IRS Office of Appeals. If you think you have a valid appeal fight for your offer.
The appeal must be made within 30 days from the date of the letter. In some cases, an OIC is returned to the taxpayer, rather than rejected, because the taxpayer has not submitted necessary information, has filed for bankruptcy, has failed to include a required application fee or nonrefundable payment with the offer, or has failed to file tax returns or pay current tax liabilities while the offer is under consideration.
A return is different from a rejection because there is no right to appeal the IRS’s decision to return the offer. Believe it or not there is an extraordinarily high number of offers in compromise returned because the taxpayer simply do not know how to complete the form.
There are no limitations to the filing of offers in compromise.
You could file as many offers in compromise is you wish. The highest acceptance chance that you will possibly have is using tax professional firm who knows the offer in compromise program inside out.
by Fresh Start Tax | Dec 11, 2013 | Tax Help
We are a local Florida professional tax firm. SINCE 1982, FORMER IRS AGENTS, WE WERE IRS INSTRUCTORS OF THE OIC.
I was a former IRS agent who worked and taught the tax settlement program called offer in compromise program while employed by Internal Revenue Service.
Because of my years of experience as a Former IRS Agent, I understand all the protocols, settlement formulas, settlement theories and internal processes of the IRS.
It cost you nothing to call our firm and see if you qualify to settle your tax debt with the IRS.
The New Offer in Compromise Program
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 will consider your unique set of facts and circumstances such as your:
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.
The Offer in Compromise program is not for everyone.
Make sure you are eligible for the OIC
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.
With the advent of the new IRS offer in compromise program taxpayers are flooding the system with tax settlements called, offer in compromise.
Sadly, most taxpayers do not qualify to settle their tax debt and are making a huge mistake giving IRS their current financial statements.
Three years ago, the IRS adopted the fresh start program or fresh start initiative which opened the door and paved the way for droves of taxpayers who are basically uninformed to make attempts to settle their tax debt.
So many offers in compromise or tax debt settlements have been sent to IRS that there are currently 8000 cases in the IRS that IRS cannot even get to.
The facts of the offer in compromise program
1.Last year 58,000 offers in compromise were filed with the Internal Revenue Service
2. 38% of those offers in compromise were accepted by the Internal Revenue Service the highest number in the history of IRS.
3. The average settlement was $.14 on a dollar.
The unfortunate thing is most taxpayers attempt to settle their case without knowing the criteria for tax settlement and wind up exposing themselves to scrutiny with the Internal Revenue Service.
Because they are doing this they are exposing themselves to IRS collecting money that the taxpayer thought they could never collect and also some of these taxpayers are subject to an IRS audit.
Before you go ahead and try to settle your tax debt with the Internal Revenue Service you should walk through the IRS pre-qualifier tool to settle your case.
You can find that pre-qualifier tool for the offer in compromise on our website.
Do not file your offer without walking through this tool it is a very valuable resource and it will save you a ton of money and time and not expose you to IRS scrutiny.
As a former IRS agent and teaching instructor I worked and accepted the offers and compromises as a former agent.
You should know that IRS will do a Google search, real estate, DMV search, credit report searches and a variety of internal searches to hunt down your income and assets.
IRS is required to do an extensive income and asset search before it all for compromises accepted by the Internal Revenue Service.
One of the reasons they do this is all offers in compromise that are accepted by IRS become a matter of public record for one year.
IRS may even pull up financial statements that you have given to third parties in the last two years.
Make sure you are squeaky clean and you will have no problems.
So be very careful before giving IRS a financial statement.
There are many areas that I recommend taxpayers represent themselves but in the matter of filing a offer in compromise to settle their tax debt with the Internal Revenue Service the very best chance to settle your debt is with an experienced tax professional who knows the offer in compromise program.
So before settling your tax debt with the Internal Revenue Service make sure you are qualified for a tax settlement.
Call us today for a free initial tax consultation and will be the best 20 minutes you ever spent.
We are the fast affordable tax firm comprised of tax attorneys, certified public accountants, and former IRS agents, managers and tax instructors with over 206 years of professional experience, over 60 years of working directly for the Internal Revenue Service, A+ rated by the Better Business Bureau.
Settlement Formula for Tax Settlements
Internal Revenue Service is concerned about two things when they settle your tax debt. They are concerned about income and assets.
The very simple formula for tax settlements is this.
IRS will want to total liquidation value of all your assets including IRA or pensions and any excess monthly income after the national standards applied.
That excess income monthly figure is then multiplied by 12. Both figures are added together.
Remember the offer in compromise is not for everyone.
Make sure you’re a qualified candidate before you giving your money or a fee to any tax professional.
Areas of Professional Tax Representation
On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
Full Service Accounting Tax Firm,
We taught Tax Law in the IRS Regional Training Center
Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
Highest Rating by the Better Business Bureau “A” Plus
Fast, affordable, and economical
Licensed and certified to practice in all 50 States
Nationally Recognized Veteran /Published Former IRS Agent
Nationally Recognized Published EZINE Tax Expert
As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
Offer in Compromise – Miami, Ft.Lauderdale – Former IRS Settlement Agent – Affordable
by Fresh Start Tax | Dec 11, 2013 | Tax Help
I was a former IRS agent who worked and taught the tax settlement program called offer in compromise program while employed by Internal Revenue Service. I have expertise in this tax debt settlement area.
I understand all the protocols, settlement formulas, settlement theories and internal processes of the IRS.
It cost you nothing to call our firm and see if you qualify to settle your tax debt with the IRS. 1-866-700-1040.
With the advent of the new IRS offer in compromise program taxpayers are flooding the system with tax settlements.
Sadly, most taxpayers do not qualify to settle their tax debt and are making a huge mistake giving IRS their current financial statements.
Three years ago, the IRS adopted the fresh start program or fresh start initiative which opened the door and paved the way for droves of taxpayers who are basically uninformed to make attempts to settle their tax debt.
So many offers in compromise or tax debt settlements have been sent to IRS that there are currently 8000 cases in the IRS that IRS cannot even get to.
We have been contacted by the IRS and told our current offers in compromise it will be five months before they contact us.
The facts of the offer in compromise program
- Last year 58,000 offers in compromise were filed with the Internal Revenue Service
- 38% of those offers in compromise were accepted by the Internal Revenue Service the highest number in the history of IRS.
- The average settlement was $.14 on a dollar.
The unfortunate thing is most taxpayers attempt to settle their case without knowing the criteria for tax settlement and wind up exposing themselves to scrutiny with the Internal Revenue Service.
Because they are doing this they are exposing themselves to IRS collecting money that the taxpayer thought they could never collect and also some of these taxpayers are subject to an IRS audit.
Before you go ahead and try to settle your tax debt with the Internal Revenue Service you should walk through the IRS pre-qualifier tool to settle your case.
You can find that pre-qualifier tool for the offer in compromise on our website.
Do not file your offer without walking through this tool it is a very valuable resource and it will save you a ton of money and time and not expose you to IRS scrutiny.
IRS scrutiny of a tax settlement
As a former IRS agent in teaching instructor I worked and accept the offers and compromises as a former agent.
You should know that IRS will do a Google search, real estate, DMV search, credit report searches and a variety of internal searches to hunt down your income and assets.
IRS may even pull up financial statements that you have given to third parties.
Make sure you are squeaky clean and you will have no problems.
So be very careful before giving IRS a financial statement.
If you are truly interested in settling your tax debt you really need to pay the money to a professional firm who can not only settle your case for the lowest dollar amount they can protect your financial integrity and not overexposure you to IRS.
So before settling your tax debt with the Internal Revenue Service make sure you are qualified for a tax settlement.
Call us today for a free initial tax consultation and will be the best 20 minutes you ever spent.
We are the fast affordable tax firm comprised of tax attorneys, certified public accountants, and former IRS agents, managers and tax instructors with over 206 years of professional experience, over 60 years of working directly for the Internal Revenue Service, A+ rated by the Better Business Bureau.
Settlement Formula for Tax Settlements
Internal Revenue Service is concerned about two things when they settle your tax debt. They are concerned about income and assets.
The very simple formula for tax settlements is this.
IRS will want to total liquidation value of all your assets including IRA or pensions and any excess monthly income after the national standards applied.
That excess income monthly figure is then multiplied by 12.Both figures are added together.
Call us if you have questions.
Areas of Professional Tax Representation
On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
Full Service Accounting Tax Firm,
We taught Tax Law in the IRS Regional Training Center
Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
Highest Rating by the Better Business Bureau “A” Plus
Fast, affordable, and economical
Licensed and certified to practice in all 50 States
Nationally Recognized Veteran /Published Former IRS Agent
Nationally Recognized Published EZINE Tax Expert
As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
Before Settling with the IRS, make sure you are Qualified for a Tax Settlement
by Fresh Start Tax | Dec 11, 2013 | Tax Help
There are many excellent professionals tax firms in Fort Lauderdale and I would certainly would conduct your due diligence before for hiring a professional tax firm.
I would stay away from Internet companies that do not have a local office or professional persons in the areas in which you live.
Many of these companies that advertise on the Internet are lead generation companies that sell your information to third parties in hopes of landing a client.
It is vital that you can walk into a local office and sit down and talk to your tax professional. Do not fall for the Internet trap of advertising companies.
With that said let me tell you a little about our tax office and the our affordable tax help expertise.
We are a local Ft.Lauderdale tax firm.
Our tax firm handles anything from an IRS bills, notices to handling Tax Court issues if necessary. We are a specialty or boutique firm specializing in IRS and State tax matters.
The average person/client who needs tax help in Ft.Lauderdale usually do not have a complicated case but in need of case management and a strategy to permanently resolve their case.
The general person needing tax help usually has to file back tax returns, has an outstanding back tax balance or undergoing IRS or State tax audit.
Our firm has over 206 years of professional expertise and over 60 years of working directly for the Internal Revenue Service in the local South Florida IRS offices.
While working at the local IRS offices we taught tax law to the new and seasoned IRS employees.
We were IRS managers and IRS teaching instructors.
Because of our expertise and knowledge of the Internal Revenue Service we can offer affordable professional tax help so you don’t have to break the bank taking care of an IRS or state tax problem.
While working at the Internal Revenue Service we were auditors, revenue officers, revenue officers, and former IRS appellate agents.
Because of our expertise is in work experience at the Internal Revenue Service we know all their systems, all their settlement theories , and the inside workings of the largest collection agency in the world. We know how to get the job done because we know the system.
Call us today for a free initial tax consultation or come by and visit our offices.
We have served South Florida since 1982 and we are A+ rated by the Better Business Bureau.
Areas of Professional Tax Representation
On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
Full Service Accounting Tax Firm,
We taught Tax Law in the IRS Regional Training Center
Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
Highest Rating by the Better Business Bureau “A” Plus
Fast, affordable, and economical
Licensed and certified to practice in all 50 States
Nationally Recognized Veteran /Published Former IRS Agent
Nationally Recognized Published EZINE Tax Expert
As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
Areas of Professional Tax Practice:
Same Day IRS Tax Representation
Offers in Compromise or IRS Tax Debt Settlements
Immediate Release of IRS Bank Levies or IRS Wage Garnishments
Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
IRS Tax Audits
IRS Hardships Cases or Unable to Pay
Payment Plans, Installment Agreements, Structured agreements
Abatement of Penalties and Interest
State Sales Tax Cases
Payroll / Trust Fund Penalty Cases / 6672
Filing Late, Back, Unfiled Tax Returns
Tax Return Reconstruction
Release of IRS Bank Levies or IRS Wage Garnishments
Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
IRS Tax Audits
IRS Hardships Cases or Unable to Pay
Payment Plans, Installment Agreements, Structured agreements
Abatement of Penalties and Interest
State Sales Tax Cases
Payroll / Trust Fund Penalty Cases / 6672
Filing Late, Back, Unfiled Tax Returns
Tax Help Ft.Lauderdale – Affordable Professional Tax Help – IRS & State Experts
