by Fresh Start Tax | May 17, 2013 | IRS Payment Plans
Owe IRS, Need a IRS Payment Plan – Affordable Tax Solutions, Former IRS – Installment, Payment Plans 1-866-700-1040
We are comprised of former IRS agents and managers who know the affordable tax solutions and tax systems that can get you the tax relief you need.
We have over 60 years of direct work experience at the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We have worked thousands of cases since 1982 and are A+ rated by the Better Business Bureau.
If you owe the IRS and need a payment or installment agreement contact us today to find the right payment and the affordable tax solution to result to permanently and immediately resolve your IRS matter problem.
The IRS says several programs and options to deal with your back tax debt. Before deciding on a program or a solution it is best to analyze your current financial statement to put you in the program that fits you the best.
Owe the IRS
The Internal Revenue Service works all their cases differently and one of the key factors that are is important to IRS when you owe IRS is the amount of money you owe them and the length time it will take you to pay your money back to IRS.
For larger cases,the IRS require a form 433-F which of the IRS version of a financial statement.
For smaller cases the streamlined agreement may be the affordable tax solution that fits you the best.
Contact us today and we will review your case and give you a free initial tax consultation and see which program can suit your current financial needs when you owe the IRS.
The Streamlined Installment/Payment 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 Payment/Installment Plan, avoid default
- 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/payment plan 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 agreement.
Owe IRS, Need a Payment Plan – Affordable Tax Solutions, Former IRS – Installment, Payment Plans
by Fresh Start Tax | Dec 10, 2012 | Back Taxes, IRS Payment Plans, IRS Tax Debt, Tax Settlements
IRS Back Tax Payment Plan – Payment Plans, IRS Tax Settlements – Former IRS Agents Firm
If you need a Back Tax Payment Plan or if you think you are eligible for a IRS Tax Settlement contact us today for a no cost professional tax consult. 1-866-700-1040.
Hear the truth about your case from a tax firm that has over 205 years of professional tax experience and over 60 years of direct IRS work experience.
We were former IRS Agents, Managers and Instructors. We worked out of the local, district and regional offices of the IRS.
We know all the tax policy systems and settlement procedures.
With the New Fresh Start Program started by the IRS this year IRS is finally in the business of accepting back tax settlements which are called offers in compromise. Each and every taxpayer that owes back taxes should find out whether or not they are eligible for a IRS Tax settlement. It takes no more than 5 minutes to find out if your are a tax settlement candidate.
An offer in compromise allows you to settle your IRS tax debt for less than the full amount you owe. It may be a legitimate option if you cannot pay your full tax liability or doing so creates a financial hardship.
IRS will consider your unique set of facts and circumstances. There are no two cases the same. Each offer is evaluate on its own set of fact patterns.Offers are general based on the following four criteria:
a. Ability to pay back IRS,
b. Current income,
c. Current expenses and,
d. Distrait Equity in Assets.
Simply fill out a 433A and send it to our offices and we will determine if a IRS tax settlement called an offer in compromise is right for you.
IRS Payment Plans on Back Taxes
You can make monthly payments through an installment agreement or part pay agreement if you are not financially able to pay your tax debt immediately.
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 a back payment plan you need to :
a. File all required tax returns;
b. Consider other sources (loan or credit card) to pay your tax debt in full to save money;
c. Determine the largest monthly payment you can make ($25 minimum); and
d. Know that your future refunds will be applied to your tax debt until it is paid in full.
Fees or Costs for setting up an installment agreement or payment plans:
a. $52 for a direct debit agreement;
b. $105 for a standard agreement or payroll deduction agreement; or
c. $43 if your income is below a certain level.
Understand your back tax payment plan agreement should you avoid default
You must:
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, social security number, 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 the IRS 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.
If you do not receive your statement, send your payment to the address listed in your IRS 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:
1. When an installment agreement is being considered;
2. While an agreement is in effect;
3. For 30 days after a request is rejected.
IRS enforcement action.
If you fail to met the terms of a back tax payment plan the IRS can or will:
1. File a Notice of Federal Tax Lien,
2. File a Notice of Tax Levy on your bank account or wages,
3. File a Notice of Garnishment on your Wages.
IRS Back Tax Payment Plan – Payment Plans, IRS Tax Settlements – Former IRS Agents Firm 1-866-700-1040
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 | Dec 7, 2012 | IRS Payment Plans, IRS Tax Debt
IRS Payment Plans for Tax Debts – Get a IRS payment plan today – Former IRS
Let Former IRS agents get you a payment plan today and see if you can also get rid of penalties and interest.
Call for a no cost professional tax consult 1-866-700-1040. Affordable Services
Speak directly to Former IRS Agents, Managers and Instructors that can get you the very result allowed by law. We know all the tax policies and tax codes to make this program work for you. We are A plus rated by the BBB.
We may be able to settle your case with the IRS with a Offer in Compromise. We will go over the program with you when you call.
Monthly Payments and Installment Plans to the IRS
You can make monthly payments through an installment or payment agreement if you are not financially able to pay your IRS tax debt immediately.
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.
However, before you apply to the IRS these are the things you need to know:
1. You will need to file all required tax returns,
2. You should consider other sources,
3. Determine the amount of your monthly payment based on your current budget. ($25 minimum) and,
4. Know that your future tax refunds will be applied to your tax debt until it is paid in full.
Fees for setting up an installment or payment agreement:
a. $52 for a direct debit agreement,
b. $105 for a standard agreement or payroll deduction agreement or,
c. $43 if your income is below a certain level.
Apply for an installment agreement or payment plan.
Fresh Start Tax will apply if you owe $50,000 or less in combined individual income tax, penalties and interest and get the payment plan the very day we make the request. So stop the worry. Yes, we get same day results.
Understand your agreement, avoid IRS payment default
You will want to keep your account in good standing with the IRS. to do that you will have to:
1. Pay at least your minimum monthly payment when it’s due (direct debit or payroll deductions make this easy),
You will need to put on the check:
Your name, address, social security number, daytime phone number, tax year and return type on your payment,
2. File all required tax returns on time,
3. Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot),
4. Continue to make all scheduled payments even if we apply your refund to your account balance and,
5. 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 miss a payment to the IRS
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 Fresh Start Tax can usually get you reinstated.
The IRS will generally not take enforced collection actions:
a. When an installment agreement is being considered,
b. While an 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 today for a no cost consult 1-866-700-1040.
IRS Payment Plans for Tax Debts – Get a IRS Payment Plan today – Stop the Worry NOW – IRS Tax Experts
by Fresh Start Tax | Oct 30, 2012 | Back Taxes, California Tax, IRS Payment Plans, IRS Representation, IRS Tax Debt, IRS Tax Experts, IRS Tax Problem, Tax Help
Back Tax Relief – Late, Unfiled, Past Due Tax Returns – Hire Former IRS Agents 1-866-700-1040
We are a professional tax firm with over 205 years of professional tax experience. We have over 60 years of direct working experience with the IRS in the local, district and regional offices of the IRS.
We taught Tax Law at the IRS.
We know the system so stop the worry NOW!
We can get you immediate tax relief, so stop your worry today and contact us for a no cost professional tax consult. 1-866-700-1040.
If you have back, late, unfiled or past due tax returns with or without records we can file your back tax returns. We will also settle your case with the Internal Revenue Service.
We are friendly, local and affordable.
Fresh Start Tax LLC
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
If you have a back tax issue it is best to resolve the issues before you force the hand of IRS to take enforcement action. Believe it or not the IRS does not want to levy or lien.
Because of a lack of response from the taxpayer, the IRS system and the CADE 2 computer automatically generates federal tax liens and federal tax levies.
We can stop the IRS usually with on telephone call from an experienced tax representative.
What IRS will request.
IRS will request all your tax returns to be filed. They will usually give us a 30 day window to prepare all tax returns. During that process the IRS will usually suspend all collection and enforcement action on your case. Liens and levies will usually not be filed.
A Decision to Make
If, on the unfiled tax returns you owe tax (married filing jointly), make a decision whether or not to include both husband and wife on the liability. Sometimes it is better to only have one party responsible for the tax. We will talk over this situation with both spouses so the IRS cannot tie up joint assets.
Payment Agreements to the IRS
If you owe less than $50,000, you can get a streamline agreement automatically. Just call us today, 1-866-700-1040. We will not require a financial statement and can usually close your case out within the week.
Beware of Pension Plans or IRA’s
If you have a pension, 401K or IRA, the IRS can or will ask if you can liquidate it to pay the taxes. Find out beforehand if you can liquidate.Find out the consequences of doing so. If you owe under $50,000 this will not apply to you.
Can you settle your case?
Find out whether you qualify for an Offer in Compromise. An OIC can suspend IRS collection action. IRS will look at your assets and your income to make a determination. If you complete a 433OIC we will review your case and tell your whether you qualify for a Offer in Compromise. If IRS accepts the Offer your tax lien will be released.
Be current with your taxes.
Make sure you are current for withholding or estimated payments in the current year of the tax problem. IRS will verify that you have enough withholding being taken out of your check so you do not incur more taxes. You can adjust your W-2 or your 1040 ES payments.
Four million taxpayers pay their taxes using an installment agreement. Find out the criteria for a payment agreement before you call the IRS. Do not call the IRS without first having a plan.
Call us today and get some of the best tax professionals in the business for affordable prices, 1-866-700-1040.
Back Tax Relief – Late, Unfiled, Past Due Tax Returns – Costa Mesa, Anaheim, Newport, Glendale, Orange, Long Beach, Fullerton, Luguna – IRS Experts
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.
