by Fresh Start Tax | Sep 11, 2013 | Installment Agreements
It is a lot easier than taxpayers think to get IRS payment or installment plan. Depending on the dollar amount you owe payment plans can be extremely simple or a little more difficult.
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 for IRS payment or installment plan please keep these things in mind:
1. File all required tax returns;
2. Consider other sources (loan or credit card) to pay your tax debt in full to save money;
3. Determine the largest monthly payment you can make ($25 minimum); and
4. 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:
1. $52 for a direct debit agreement;
2. $105 for a standard agreement or payroll deduction agreement; or
3. $43 if your income is below a certain level.
Apply for an installment agreement, payment plan
Call us today to getting started and permanently get this behind you.
Getting a payment plan or installment plan with the Internal Revenue Service falls into different categories depending on the dollar amount that you owe. If you owe under $25,000 you can get in IRS payment or installment plan online.
Call us if you owe $50,000 or less in combined individual income tax, penalties and interest.
If you owe more than $50,000, you will also need to complete Form 433-F, Collection Information Statement (PDF).
Understand your agreement, avoid default
To keep your account in good standing:
a. Pay at least your minimum monthly payment when it’s due (direct debit or payroll deductions make this easy);
b. Include your name, address, SSN, daytime phone number, tax year and return type on your payment;
c. File all required tax returns on time;
d. Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot);
e.Continue to make all scheduled payments even if we apply your refund to your account balance; and
f. 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.
How to get a IRS Payment, Installment Plan – Former IRS
by Fresh Start Tax | Dec 17, 2012 | Installment Agreements
IRS Installment Agreement in Default – CP 523 – Get back into system
If have currently defaulted your current installment agreement and need to get back in the system contact us today.
We can usually call the IRS and modify, change or get your installment agreement reinstated.
Other options besides Installment Agreements
IRS will require a 433A or a 433 F to close any open case that is in the system. You where on a installment agreement because your financial statement dictated that you would be able to make those monthly payments. Many times the IRS string arms you into making those payments with you have professional representation you agreed in fear of the IRS.
Do not be bullied by the IRS.
You may be eligible of a IRS Hardship or a IRS Offer in Compromise Tax Settlement.
Call us today 1-866-700-1040 and learn more about IRS options.
The IRS System and Policy on Reinstatement
IRS considerations after Default or Termination, Including Reinstatement of your installment agreement.
A IRS Revenue Officer or IRS ASC tax examiner is contacted in response to a defaulted or terminated installment agreement notice, appropriate action should be taken based on the circumstances of the case.
Sometimes these occur at the ASC Unit or in the local IRS office.
Before the IRS will reinstate a defaulted or terminated agreement, the IRS will consider the following:
1. the taxpayers reason for default or termination,
2. the taxpayers ability to pay see IRM 5.14.9.2 for managerial approval requirements on defaulted or revised installment agreements,
3. Will check in the the statute expiration date to see if the expiration is eminent,
4. After contacting the taxpayer they will update levy sources, address, and telephone numbers,
5. IRS will strive for a payroll deduction agreement or Direct Debit Installment Agreement,
6.They will validate there necessity of filing or refiling a Notice of Federal Tax Lien,
7. Check to see if the taxpayer is in compliance with estimated tax requirements and or has adequate withholding,
Defaulted Agreements Process
When a taxpayer does not meet the terms of an installment agreement, she or he will be notified in writing and given 30 days to comply with the terms of the agreement before the agreement is terminated.
A taxpayer with an CADE 2 monitored installment agreement will receive Notice CP 523, Defaulted Installment Agreement — Notice of Intent to Levy.
The notice or letter is sent by certified mail for taxpayers with domestic addresses, or by registered mail if taxpayers have foreign addresses.
For taxpayers filing jointly, the notice or letter will be sent to both spouses separately, even if the spouse live at the same address.
Defaulted Agreement Notices
Defaulted Installment Agreement notices must be provided for all defaulted agreements including those proposed terminations because the taxpayer provided inaccurate or incomplete information prior to entering into the agreement.
An account on which the taxpayer has received Notice CP 523 or Letter 2975 (DO) is commonly referred to as a defaulted agreement , but the IRS agreement will not be terminated until the expiration of the 30 day period beginning on the date the notice is issued.
No IRS tax levies may be issued on tax periods included in agreements for 90 days after mailing Notice CP 523 or Letter 2975 (DO).
IRS Installment Agreement in Default – CP 523 – Get back into system
by Fresh Start Tax | Dec 8, 2012 | Installment Agreements, IRS Payment Plans
IRS Installment Payments on Back Tax Debt – Get IRS Off Your Back NOW – Former IRS
Let Former IRS agents get you a installment or payment plan today and get the Internal Revenue Service off your back today.
We are available for a no cost professional consultation from a Tax Attorneys, CPAs or Former IRS Agents. 1-866-700-1040. Get rid of your back tax debt today
You can speak directly to Former IRS Agents, Managers and Instructors that have handled thousands of taxpayer cases. We get results.
We know all the tax policies and tax procedures to get you tax relief from your back tax debt.
There are other options you have beside making back tax payments.
We are A plus rated by the BBB.
We may be able to settle your case with the IRS with a Offer in Compromise or a Tax Debt Settlement. We will go over all the different IRS programs with you when you call and find the best way to settle your back tax bill or tax debt.
Should you chose – Monthly Payments and Installment Plans to the IRS
You are allowed make monthly payments through an installment or payment agreement if you are not financially able to pay your IRS tax debt immediately. There are programs in place.
You will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement or payment plan if you pay your tax bill in full.
However, before you apply to the IRS for a installment agreement these are some the things you need to know:
1. You will need to file all required tax returns, ( you must be up to date in all tax filings )
2. You should consider other sources to full pay the IRS because they will ask,
3. Determine the amount of your monthly payment based on your current budget. ($25 minimum) and,
4. Know that all your future tax refunds checks will be applied to your back tax debt until the tax debt is paid in full.
IRS fees for setting up an installment or payment agreement:
a. $52 for a Direct Debit Agreement, ( DDA )
b. $105 for a Standard Agreement or payroll tax deduction agreement or,
c. $43 if your income is below a certain criteria.
Apply for an installment agreement
Fresh Start Tax LLC can get you an immediate installment payment for $50,000 or less in combined individual income tax, penalties and interest.
If you owe more than $50,000, you will also need to complete Form 433A or a 433-F, Collection Information Statement (PDF can be found on our website )
Understand your installment agreement and how avoid default
You must keep your tax account in good standing with the Internal Revenue Service :
1. You must pay at least your minimum monthly payment when it’s due (direct debit or payroll deductions make this easy, you have the option of paying more to reduce your debt.
On each and every check you need to include your name, address, SSN, daytime phone number, tax year and return type on your payment.
You must also:
1. File all required tax returns on time;
2. Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot);
3. Continue to make all scheduled payments even if we apply your refund to your account balance.
If you miss a payment to the IRS
There will 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 you can contact Fresh Start Tax LLC to get your agreement reinstated for reasonable cause.
The IRS will generally not take enforced collection actions: ( tax levies and tax liens )
a. When an installment or payment agreements is being considered,
b. While an installment agreement is in effect,
c. For 30 days after a request is rejected, or
4. During the period the IRS evaluates an appeal of a rejected or terminated agreement.
Call us today and learn more. We are fast, friendly, and affordable. 1-866-700-1040.
IRS Installment Payments on Back Tax Debt – Get IRS Off Your Back NOW – Former IRS Managers, Agents
by Fresh Start Tax | Oct 16, 2012 | Installment Agreements, IRS Payment Plans, IRS Tax Advice, IRS Tax Problem, Tax Help
Need a IRS Payment Plan – IRS Tax Problem Help
We can solve any of your IRS problems and tax issues.
If you are in need of IRS tax help call us today and get your life back in order and STOP the worry. Let our experience be your best friend.
Call us or visit our offices today. 1-866-700-1040.
How the IRS will handle your unpaid tax bill.
IRS has a very systematic way that it deals with back tax debt. IRS evaluates each case separately on its own set of facts and circumstances. There are really no two cases the same.
IRS will require a 433A or a 433F ( financial statement ) as a basis for making a determination on your present financial condition.
IRS main thrust will be reviewing assets and income. IRS will apply the National Standards Tests to use as allowable expenses. Each area of the country has applicable National Standards. IRS will apply these expenses against your income to determine if you have available income to pay the IRS.
You can find the National Standards on our website. Go to the home page and look at the top tool bar for IRS forms. You will find the National Standard link at the top.
IRS has 3 closing methods they can apply to your case.
Based on your financial statement IRS may put your case in temporary hardship, may ask you to submit an Offer in Compromise which is also a tax debt settlement, or the IRS may determine to close the case with a installment or payment arrangement.
If you cannot pay the tax in full and need to make payments.
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 you must make sure the following is addressed:
1. File all required tax returns;
2. Consider other sources (loan or credit card) to pay your tax debt in full to save money;
3. Determine the largest monthly payment you can make ($25 minimum); and
4. Know that your future refunds will be applied to your tax debt until it is paid in full.
You can avoid the fee for setting up an installment agreement or installment agreement:
If you pay the full amount you owe within 120 days to avoid the fee.
Just call our firm to get started today.
If you cannot pay the full amount within 120 days, the fee for setting up an agreement is:
* $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.
Apply for an installment agreement
Fresh Start Tax LLC will apply online if you owe $50,000 or less in combined individual income tax, penalties and interest.
If you owe more than $50,000 you will need to complete a form 433A along with complete documentation.
At this point we will call the IRS and get a tax solution that best fits your financial needs.
Call us today, 1-866-700-1040.
by Fresh Start Tax | Oct 11, 2012 | Back Taxes, Installment Agreements, IRS Payment Plans
IRS Payment Plan – Pay Back Taxes – Former IRS Agents – Orlando, Tampa, St. Petersburg, Jacksonville – Florida
Michael D. Sullivan is a Former IRS Agent and Teaching Instructor with the Internal Revenue Service. Call today for a no cost consultation 1-866-700-1040.
We are affordable and friendly. We get the job done, since 1982.
Installment agreements or payment agreements are much easier to come by since IRS has changed many of there tax policies concerning collection policies. These changes were long overdue. There are a variety of options available to the taxpayer but a lot depends on the amount owed, the type of tax and whether or not the taxpayer is current.
Depending on each situation, we place the individual or business into the Program that best fits the needs of the taxpayers. We have worked well over 15,000 cases and can find the program to get the taxpayer instant relief.
The new Fresh Start Program has made making a payment agreements a lot less stress free and allows taxpayers some freedoms as oppose to the strict regimen of days gone by.
To get the agreement you want it is always best to speak directly to a professional tax firm to get the desired results. You can speak to us about different options. 1-866-700-1040.
To qualify for a IRS Payment Plan to pay back taxes:
To qualify for an installment agreement, the taxpayer must be currently compliant.
This means that
(1) all required tax returns have been filed and
(2) the taxpayer is up-to-date with current-year tax obligations. Once an agreement is established, the IRS requires the taxpayer to stay in compliance to avoid “pyramiding” additional taxes onto those that are already owed.
For this reason, sometimes it is best to increase payroll tax withholding or remain current with estimated taxes to avoid a default on the installment agreement.
To Apply for an installment agreement you can call us today at 1-866-700-1040.
Online options:
There are also online options if you owe $50,000 or less in combined individual income tax, penalties and interest;
Owe more than $50,000
If you owe more than $50,000, you will also need to complete Form 433-F, Collection Information Statement. The 433F is a detailed financial statement that IRS will review containing all your income and expenses over the past 6 months. IRS will ask for documents to verify all income and expenses.IRS will apply the National Standard to all expenses so caution should be given to anyone trying to attempt this on there own. It is nut suggested. If you over $50,000 you should have a tax professional remedy this situation for you.
Should you default your IRS payment plan on your back taxes IRS will enforce the filing of a federal tax lien or a federal tax levy. You must keep your account in good standing.
What is good Standing – To keep your account in good standing:
a. Pay at least your minimum monthly payment when it’s due (direct debit or payroll deductions make this easy);
b. Include your name, address, SSN, daytime phone number, tax year and return type on your payment;
c. File all required tax returns on time;
d. Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot);
e. Continue to make all scheduled payments even if we apply your refund to your account balance; and
f. 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 the taxpayer owes $10,000 or less, the IRS cannot turn down the request if the taxpayer meets the requirements for a guaranteed installment agreement. In addition to the $10,000 limit, the following rules apply to qualify for a guaranteed installment agreement (Form 9465 instructions):
During the past five years, the taxpayer (and spouse if filing jointly) has timely filed all income tax returns and paid all income taxes without entering into an installment agreement.
The taxpayer must agree to pay the full amount owed within three years and comply with all filing requirements and payment of tax while the agreement is in effect.
The IRS historically has allowed up to 60 months to pay the obligation in full. Under the Fresh Start program, it is now allowing up to 72 months to pay (IR-2011-20, IR-2012-31, and IR-2012-53).
by Fresh Start Tax | Jul 10, 2012 | Florida Sales Tax, Installment Agreements, IRS Tax Debt, IRS Tax Problem, Tax Help
Need Help with a Tax Debt – Former IRS Agents – Settlements, Negotiations, Immediate Tax Relief – Miami, Ft.Lauderdale, 954-492-0088
Who better to call than former IRS agents who worked out of the local IRS South Florida offices. we worked as agents, managers, instructors, and former IRS appellate agents.
We know all of the tax laws and settlement procedures if you need help with an IRS tax debt. We taught the policies to the new IRS agents as former IRS instructors.
Are you looking for immediate tax relief for “Help with a Tax Debt” ?
We are Former IRS Agents and Managers who worked out of the local South Florida IRS offices for over 60 years. We taught Tax Law at the IRS. We know the system.
We have worked in the collections, audit, and in the appeals functions with the local IRS.
We have a combined 205 years of professional tax experience.
If you retain us you will never speak to the IRS. Stop the worry about your tax debt today.
If you are currently experiencing a tax debt and need immediate tax help call us today for a no cost professional tax consult. 954-492-0088.
We can fully resolve your tax debt.
The IRS handles all tax debts the same way. There are usually 3 solutions to resolve your tax debt.
IRS will either resolve your case or tax debt with an:
1. Offer in Compromise or a filing of a tax debt settlement.
2. A payment or installment agreement,
3. Putting your case in currently non collectable or hardship.
IRS will determine the status of your case by reviewing your current financial statement which IRS will require.
You will need to fill out and complete IRS form 433A or 433 F with full documentation.
IRS will then discuss tax settlement for your situation or tax debt.
We can represent you before the IRS, settle and negotiate your case for the lowest amount allowed by federal law.
On cases that have current bank or wage levies we can get you immediate tax relief.
We will also file all back tax returns.
Call us today for a no cost consult. 954-492-0088
Need Help with a Tax Debt – Former IRS Agents – Settlements, Negotiations, Immediate Tax Relief – Miami, Ft.Lauderdale, West Palm
