Settle Back Payroll Tax Debt – Hardships, Payment Plans, Settlements – Former IRS – Owe Payroll Taxes

by Fresh Start Tax | May 16, 2013 | Owe Payroll Taxes

Settle Back Payroll Tax Debt – Hardships, Payment Plans, Settlements – Former IRS   1-866-700-1040

 
 
If you want to settle back payroll tax debt it only makes sense to speak directly to former IRS agents, managers and tax instructors who know all the tax policies, all the tax procedures and all the tax issues that will be raised that can resolve your payroll tax case in a favorable fashion to suit your financial needs.
Do not be bullied by the Internal Revenue Service.
Be aware that IRS is very tough on payroll taxes because in fact it is not a tax but a withholding of funds at belongs directly to the federal government.
We have worked thousands of payroll tax cases in our lifetime so contact us either for a first or second opinion so we can immediately and permanently resolve your back payroll tax debt.
We are comprised of tax attorneys, certified public accountants, and former IRS agents and managers. We have over 60 years with the Internal Revenue Service.
 
We are A+ rated by the Better Business Bureau and have over 206 years of professional tax experience.
 
 
Settling back payroll taxes with the Internal Revenue Service usually depends on two things:
 

• the amount of tax you owe and
• the length of time and wish you pay the money back to the Internal Revenue Service.

 
Both are in very important factors when it comes to hardship cases, payment agreements, and tax settlements of payroll tax debt.
 

If you owe a large dollar figure to the IRS on payroll tax debt

 
One of the first things that IRS will require any taxpayer or  business to handle to settle back payroll tax debt is to make sure all their deposits and tax filings are current and up-to-date.
Do not expect the IRS to work with you or offer you any grace until you are making current tax deposits.
 
If you owe a large dollar figure to the Internal Revenue Service on back payroll tax debt you will need to submit  to the IRS a fully documented business financial statement on form 433-B. You can find these two tax forms on our site.

 
IRS will also want an individual financial statement on form 433-a.
After the Internal Revenue Service fully analyzes both financial statements they will make a determination on the best course of action and avenue for you to settle your back payroll tax debt.
IRS may decide after a careful review of your financial statement that you are:
 

• Currently noncollectable and put you into a tax hardship.
• The IRS may determine that you have monthly income left over and wish to start making payments on your back taxes.
• The other option that IRS has may explore is a possible tax settlement called an offer in compromise.

 
If you contact us today and submit both financial statements we can give you a no cost professional tax consultation and make a determination the best course of action for you to seek when dealing with the IRS in trying to settle back payroll tax debt with the Internal Revenue Service.
 
Our  goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers.

IRS New Programs

 
Specifically, the IRS has new policies and programs to help taxpayers pay back taxes and avoid tax liens.
The changes include:

• Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.

• Making it easier for taxpayers to obtain lien withdrawals after paying a tax bill.

• Withdrawing liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement.

• Creating easier access to Installment Agreements for more struggling small businesses.

• Expanding a streamlined Offer in Compromise program to cover more taxpayers

Federal Tax liens

 
The IRS will significantly increase the dollar thresholds when liens are generally filed. The new dollar amount is in keeping with inflationary changes since the number was last revised.
Currently, liens are automatically filed at certain dollar levels for people with past-due balances.
The IRS plans to review the results and impact of the lien threshold change in about a year.
A federal tax lien gives the IRS a legal claim to a taxpayer’s property for the amount of an unpaid tax debt.
Filing a Notice of Federal Tax Lien is necessary to establish priority rights against certain other creditors. Usually the government is not the only creditor to whom the taxpayer owes money.
A lien informs the public that the U.S. government has a claim against all property, and any rights to property, of the taxpayer. This includes property owned at the time the notice of lien is filed and any acquired thereafter.
A lien can affect a taxpayer’s credit rating, so it is critical to arrange the payment of taxes as quickly as possible.
 
 

Direct Debit Installment Agreements and Liens

 
 
The IRS is making other fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement (DDIA).
For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:
Lien withdrawals for taxpayers entering into a Direct Debit Installment Agreement.
The IRS will withdraw a lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement.
The IRS will also withdraw liens on existing Direct Debit Installment agreements upon taxpayer request.
Liens will be withdrawn after a probationary period demonstrating that direct debit payments will be honored.
 
 

Installment Agreements and Small Businesses

 
 
The IRS will also make streamlined Installment Agreements available to more small businesses. The payment program will raise the dollar limit to allow additional small businesses to participate.
Small businesses with $25,000 or less in unpaid tax can participate. Currently, only small businesses with under $10,000 in liabilities can participate.
Small businesses will have 24 months to pay.
The streamlined Installment Agreements will be available for small businesses that file either as an individual or as a business.
Small businesses with an unpaid assessment balance greater than $25,000 would qualify for the streamlined Installment Agreement if they pay down the balance to $25,000 or less.
Small businesses will need to enroll in a Direct Debit Installment Agreement to participate.
 
 

Offers in Compromise/Settlements

 
 
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.
In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
OICs are subject to acceptance based on legal requirements. An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an IRS offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.
The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
You should also be aware that the IRS offer program or tax settlement policies are not for everyone.
You will find a pre-qualifier tool on our website so you can walk through the program yourself to make sure that you are a fully qualified candidate for an IRS tax debt settlement in the settling of back pay roll tax debt.
Do not be fooled or give your money to any tax firm unless you know you are a qualified candidate who has already filled out the pre-qualifier tool.
You will save yourself a lot of time and a lot of money. Contact us today to learn more.
 
 

Settle Back Payroll Tax Debt – Hardships, Payment Plans, Settlements – Former IRS