Negotiate a Payment Plan or Settle with the IRS, Former IRS Agents Can Help

by Fresh Start Tax | Jul 11, 2013 | Tax Help

Being a former IRS agent and teaching instructor there is a very specific way to negotiate a payment plan or settle your tax debt with the Internal Revenue Service.
We are comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents and managers who have been negotiating payment plans and settling IRS tax debt since 1982.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982. You can call us today for free initial tax consultation and you can speak directly to a true tax professional.
 

Negotiate a Payment Plan or Settle with the IRS,different types of Plans

In-Business Trust Fund Express Installment Agreements
Small businesses who currently have employees can qualify for an In-Business Trust Fund Express Installment Agreement (IBTF-Express IA).
These installment agreements generally do not require a financial statement or financial verification as part of the application process.
 
The criteria to qualify for an IBTF-Express IA are:
 

• You owe $25,000 or less at the time the agreement is established.
• If you owe more than $25,000, you may pay down the liability before entering into the agreement in order to qualify.

• The debt must be full paid within 24-months or prior to the Collection Statute Expiration Date (CSED), whichever is earlier.

• You must enroll in a Direct Debit installment agreement (DDIA) if the amount you owe is between $10,000 and $25,000.

• You must be compliant with all filing and payment requirements.

 
Streamlined Installment Agreements
 
The Fresh Start provisions also mean that more taxpayers will have the ability to use streamlined installment agreements to catch up on back taxes.
Under the Fresh Start initiative, the maximum dollar criteria for streamlined installment agreements has been raised from $25,000 to $50,000 and the maximum term has been raised from 60 months to 72 months.
These installment agreements generally do not require a financial statement, but a limited amount of financial information may be required in the application process.
The Streamlined Installment Agreement criteria is divided into two categories, balance due of $25,000 or less, and balance due $25,001 to $50,000.
The criteria to qualify for streamlined installment agreements with a balance due of $25,00 or less are:
 

• You owe $25,000 or less, at the time the agreement is established.
• If you owe more than $25,000, you may pay down the liability before entering into the agreement in order to qualify.

• The debt must be full paid within 72-months or prior to the Collection Statute Expiration Date, whichever is earlier.

• You must be compliant with all filing and payment requirements.

• Individuals who owe any type of tax (Form 1040, Trust Fund Recovery Penalty, etc.).

• Defunct businesses, including any type of entity and any type tax (Form 940, 941, 943, etc.).

• Operating businesses are limited to income tax liabilities only (Form 1120).

 
The criteria to qualify for streamlined installment agreements with a balance due of $25,001 to $50,000 are:
 

• You owe $25,001 to $50,000, at the time the agreement is established.
• If you owe more than $50,000, you may pay down the liability before entering into the agreement in order to qualify.

• The debt must be full paid within 72-months or prior to the Collection Statute Expiration Date, whichever is earlier.

• You must be compliant with all filing and payment requirements.

• Individuals who owe any type of tax (Form 1040, Trust Fund Recovery Penalty, etc.).

• Businesses are limited to defunct sole proprietors who owe any type of tax (Form 940, 941, 943, etc.).

• You must enroll in a Direct Debit Installment Agreement.

• A limited amount of financial information may be required during the application process.

• Taxpayers seeking installment agreements exceeding $50,000 will still need to supply the IRS with a Collection Information Statement (Form 433-A (PDF) or Form 433-F (PDF).

 
You can make monthly payments through an installment agreement if you’re not financially able to pay your tax debt immediately.
However, you will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill in full.
 

Before you apply:

File all required tax returns;
Consider other sources (loan or credit card) to pay your tax debt in full to save money;
Determine the largest monthly payment you can make ($25 minimum); and
Know that your future refunds will be applied to your tax debt until it is paid in  full.
Fees for setting up an installment agreement:
$52 for a direct debit agreement;
$105 for a standard agreement or payroll deduction agreement; or
$43 if your income is below a certain level.
 

Understand your agreement, avoid default

To keep your account in good standing:
Pay at least your minimum monthly payment when it’s due (direct debit or payroll deductions make this easy);
Include your name, address, SSN, daytime phone number, tax year and return type on your payment;
File all required tax returns on time;
Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot);
Continue to make all scheduled payments even if we apply your refund to your account balance; and
Ensure your statement is sent to the correct address, contact us if you move or complete and mail Form 8822, Change of Address (PDF).
If you don’t receive your statement, send your payment to the address listed in your agreement.
There may be a reinstatement fee if your agreement goes into default. Penalties and interest continue to accrue until your balance is paid in full. If you are in danger of defaulting on your payment agreement for any reason, contact the IRS immediately.
The IRS will generally not take enforced collection actions:
When an installment agreement is being considered;
While an agreement is in effect;
For 30 days after a request is rejected, or
During the period the IRS evaluates an appeal of a rejected or terminated
You can make monthly payments through an installment agreement if you’re not financially able to pay your tax debt immediately.
However, you will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill in full.
 

Negotiate a Payment Plan or Settle with the IRS, Former IRS Agents Can Help

Christian Tax Services Firm – Tax Return Preparation, Back Taxes Problems

by Fresh Start Tax | Jul 11, 2013 | Tax Help

 
We are a Christian professional tax firm  that provides all your various tax services needs. All our work is done in-house by true Christian tax professionals.<><
We have over 206 years of professional tax services and over 60 years of combined work experience at the local, district, and regional tax offices of the Internal Revenue Service.
We have been in practice since 1982 and are A+ rated by the Better Business Bureau.
We are experts in all Federal and State tax matters.
 
Our services for individuals include but are not limited to:

• Preparation, review, and audit of financial statements

• Tax planning and tax return preparation

• Representing taxpayers in tax audits and appeals

• Business management services•Payroll services

• Estate planning and administration

 
For  Businesses & Owners:

• Income Tax Planning & Projections

• Federal State & Local Taxation

• Federal, State & Local Tax Credits and Incentives

• Tax Return Compliance

• Tax-Exempt Organizations

• International Subsidiary Taxation

• Reporting Interests in Foreign Assets, including Trusts

 
For High Net Worth Individuals:

• Income Tax Planning & Projections

• Federal State & Local Taxation

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• Charitable & Gift-Giving Strategies

• International Taxation

• Domestic & International Tax Compliance & Reporting

• FBAR Reporting & Preparation

• Reporting Interests in Foreign Assets including Trusts

 
How do you discern Christian godly counsel?
Psalm 37:30
The godly offer good counsel, they know what is right from wrong.
Proverbs 18:2
Fools have no interest in understanding; they only want to offer their own opinions.
Proverbs 27:9
The heartfelt counsel of a friend is as sweet as perfume and incense.
 

Staff of Christian Professionals

 
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 Representation & Tax Services

 
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
IRS & State Tax Problems
 
Christian Tax Services Firm – Tax Return Preparation, Back Taxes Problems
 

Christian Tax Services – Tax Attorneys, CPA's, Former IRS – Federal, State Tax Service

by Fresh Start Tax | Jul 10, 2013 | Tax Help

We are a full service Christian tax firm that specializes in all Federal & State tax services.<><

We are composed of Christian tax attorneys, tax lawyers, certified public accountants, enrolled agents, and former IRS agents and managers.
We have over 60 years of  combined IRS experience in the local, district, and regional tax offices of the Internal Revenue Service.
While at the Internal Revenue Service we taught tax law. We are familiar with every area of federal and state tax filings and tax issues.
We have been in private practice since 1982 and we are A+ rated by the Better Business Bureau.
From tax planning to filing your tax return or dealing with any IRS or state tax issues we can handle all your tax matters within our own professional staff of true Christian tax professionals.
We have a combined 206 years of professional tax services experience.
We are available for free tax consultation.
We are a biblical-based firm and are happy share our faith interfaith experiences with you.<><
 
How do you discern Christian godly counsel?
Psalm 37:30
The godly offer good counsel, they know what is right from wrong.
Proverbs 18:2
Fools have no interest in understanding; they only want to offer their own opinions.
Proverbs 27:9
The heartfelt counsel of a friend is as sweet as perfume and incense.
 

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 Representation & Tax Services

 
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
IRS & State Tax Problems
 
Christian Tax Services – Tax Attorneys, CPA’s, Former IRS – Federal, State Tax Service