Having been a former IRS Agent and Instructor in Offers in Compromise, I have seen so many mistakes all because the timing of the filing of the Offer was not planned. It takes a skilled professional to gets an Offer in Compromise through the careful eyes of the IRS. Individuals who try this on their own will soon find this is no picnic and their chances of acceptance are very slim.
Again, Offers in Compromise are all about the timing. The IRS takes a careful look at all of your income and expenses and will require verification of every number that you place on the 433-A, financial statement. W-2’s or 1099’s, bank statements, bills and cancelled checks are all examples of verification that are needed to back up your financial statement. The financial statement is required! Here is one of the best tips you will ever get. Plan a date when you want to file the Offer in Compromise that fits the period of time when your income is the lowest and your expenses are the highest.
The IRS does a careful study on your current income and expenses. They will conduct a 6 months analysis of this. You must plan to file the offer in compromise when your income is at the lowest point.
Do not file your offer in compromise until you have walked through this exercise. If you are planning to get an increase in income, file your offer immediately. The more available income you have, the more you will need to pay.
A Professional Tax Firm that has been practicing tax law since 1982. We specialize in immediate relief of IRS Problems, Matters and Issues.
We have an “A” Rating with the Better Business Bureau. We are true tax experts in tax liens, tax levies, offers in compromises, unfiled tax returns and back tax issues.
Call us today for a free tax consultation. Skype is available. We get the job done!
Fresh Start Tax L.L.C. is one of the premier tax resolution firms in the country. We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations. We have staff that specialize in every facet of IRS Tax Representation. We know all the IRS tax strategies because of our extensive IRS working backgrounds. We were Former IRS Certified Tax Instructors that taught IRS Tax Law in the IRS Regional Training Center. Some of our many specialties include the following:
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”
Fresh Start Tax 1-866-700-1040 A Professional Tax Firm “A” Rated by the Better Business Bureau Practicing Tax Law since 1982
Fresh Start Tax LLC is a professional tax firm licensed in all 50 states. We are licensed and certified to practice before the IRS. If you are having any IRS tax problem or issue call, email or skype us today.
How we handle your case:
We obtain all the information from our clients and get an accurate description of the problem.
We immediately send a power of attorney to the IRS so you never have to speak to them.
We immediately have the IRS stop all of their enforcement action with that first call.
We make sure the tax liability is correct by pulling tax transcripts and documents from the IRS’ computer.
We file any returns that the IRS needs to get you current. All tax returns must be filed before the IRS will consider any agreements.
We make sure your case is settled for the lowest possible amount allowed by law by going over all the different options that are available to you.
Fresh Start Tax “A” Rated by the Better Business Bureau A Professional Tax Firm Since 1982
We are a professional Tax Firm licensed and certified to practice before the IRS. We have been practicing tax law since 1982, we have 140 years of professional tax experience and 60 years of working for the IRS as Managers, Supervisors and Instructors.
If you are look for a professional tax firm call us or skype us today.
Fresh Start Tax is one of the premier tax resolution firms in the country. We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations. We have staff that specialize in every facet of IRS representation. We know all the IRS tax strategies because of our extensive IRS working backgrounds. Some of our many specialties include the following:
Immediate Tax Representation
Offers in Compromise/Settlements
Immediate Release of Bank Garnishments or Wage Levies
IRS Notices/Bill of Intent to Levy or Final Notices
The Internal Revenue Service today announced that small tax-exempt organizations may be able to shift to the simpler Form 990-N (e-Postcard) for their 2010 annual information reporting.
The IRS today issued guidance (Revenue Procedure 2011-15) that will allow more tax-exempt organizations to file the e-Postcard rather than the Form 990-EZ or the standard Form 990.
For tax years beginning on or after Jan. 1, 2010, most tax-exempt organizations whose gross annual receipts are normally $50,000 or less can file the e-Postcard. The threshold was previously set at $25,000 or less. (However, supporting organizations of any size must file the standard Form 990 or, if eligible, Form 990-EZ).
A tax-exempt organization’s annual gross receipts or total assets are used to determine which of the three versions of Form 990 it is required to file. IRS.gov contains information about which form to file.
The Pension Protection Act of 2006 made important changes to rules regarding tax-exempt organizations’ annual filing requirements, which took effect as of the beginning of 2007.
First, it mandated that small tax-exempt organizations, other than churches and church-related organizations, file an annual notice with the IRS if they were too small to file Form 990 or Form 990-EZ. (The Form 990-N was created for small tax-exempt organizations that had not previously had a filing requirement.) Second, it required all supporting organizations, regardless of their size, to file the standard Form 990 or Form 990-EZ. Finally, the law specifies that any tax-exempt organization that fails to file for three consecutive years automatically loses its federal tax-exempt status.
Any tax-exempt organization that has not yet complied with these new requirements should do so immediately. If an organization loses its exemption, it will have to reapply with the IRS to regain its tax-exempt status. Any income received between the revocation date and renewed exemption may be taxable.
Fresh Start Tax 1-866-700-1040 A Professional Tax Firm “A” Rated by the Better Business
Fresh Start Tax, LLC is a Professional Tax Firm practicing in IRS problem cases since 1982. We specialize in IRS tax resolution, tax settlements, tax levy’s, tax liens, unfiled tax returns and payroll tax problems.
On staff are former IRS agents and managers, with 60 years of service there. Also on staff is a published IRS tax expert and tax manager. We get the job done!
Call us for immediate tax relief and for a free tax consultation.
Fresh Start Tax is one of the premier tax resolution firms in the country. We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations. We have staff that specialize in every facet of IRS representation. We know all the IRS tax strategies because of our extensive IRS working backgrounds. Some of our many specialties include the following:
Immediate Tax Representation
Offers in Compromise/Settlements
Immediate Release of Bank Garnishments or Wage Levies
IRS Notices/Bill of Intent to Levy or Final Notices
