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 | Sep 5, 2012 | Back Taxes, IRS Payment Plans
IRS Payment Plans and different Options to pay back taxes.
The Internal Revenue Service makes it convenient for taxpayers to pay back taxes. It does not do any one a favor with the penalties and interest they charge however a good tax resolution company should be able to apply for a abatement of penalties and interest and get you some tax relief if you have a true reasonable cause.
Taxpayers can make monthly payments on their back taxes through a installment agreement. Making payments however does not stop the penalties and interest.
It is best you pay the tax as soon as possible.
Before you make application for a payment agreement make sure you do the following:
1. Make sure all your tax returns are filed and up to date,
2. IRS will ask you if you tried to borrow the money so make sure you have an answer for the agent asking the question. Most taxpayers simply do not have the ability to acquire a loan.
3. Make sure you know how much you want to pay back so the IRS does not talk you in to something you cannot afford.
4. Be familiar with the National Standards Program and how that relates to your income.
5. IRS will ask if your current withholding is adequate to cover this years taxes.
Fee for an installment agreement.
Pay the full amount you owe within 120 days to avoid the fee. If you cannot pay the full amount within 120 days, the fee for setting up an agreement is:
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.
Different types of IRS Payment Plans.
Under $50,000 – IRS Payment Plan
You may apply on line if you owe the IRS less than $50,000 including all penalties and interest. Many times it is beneficial to pay your liability down under the $50,000 mark so the IRS does not need a financial statement. You want to avoid the IRS roaming around your financial affairs.
Over $50,000 – IRS Payment Plan.
If you owe more than $50,000, you will also need to complete Form 433-F, Collection Information Statement (PDF) on our website. You will have to call the IRS and have the 433F completely documented. A IRS Agent on the other end of the phone line will ask you detailed questions about your financial life so be prepared.
Our recommendation is to have a tax professional involved so you get the agreement you want and not the one IRS will try to shove down your throat.
If you cannot afford a IRS Payment Plan you have two other options. You can:
1.Apply for a tax settlement called an Offer in Compromise or,
2. Apply for a hardship.
You can call us today for a no cost consultation. 1-866-700-1040.
by Fresh Start Tax | Jun 1, 2012 | Back Taxes, Installment Agreements, IRS Payment Plans, IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Tax Lawyer, Tax Levy and Wage Garnishments, Tax Settlements, Uncategorized
IRS, Tax Levy and Unfiled Tax Returns – How to get IRS off your back 1-866-700-1040
Have Former IRS Agents get your tax levy released and file all your back tax returns. We are tax experts. We are fast and affordable.
One of the largest concerns for taxpayers who have just received one of 3.8 million tax levies the IRS sends out a year is ” How do I get IRS off my back and my tax levy released?”
A good estimate is that there about 20 million taxpayers out there with unfiled tax returns and at some point the IRS just catches up. Tax levies are coming!
The IRS enforcement computer called CADE catches up to all taxpayers.
How to deal with the IRS and get them of your back.
IRS does not want to levy. They do not want to send out bank levies and wage levies or tax garnishments. We have a voluntary system of compliance. When taxpayers do not respond to IRS letters, notices and the filing of their tax returns, IRS has no choice but to let the computer system follow up with enforced compliance.
With that said, you can get the IRS off your back quite easily.
The easiest way of course is to hire a tax professional who knows there way around and through the system and can easily resolve the situation. A tax professional will handle the case in this fashion.
In regarding to past due, late, unfiled, back or delinquent tax returns.
The Internal Revenue Service will not usually release bank or wage garnishment levies until all tax returns are filed.
The levy serves as an enforcement tool to make sure IRS gets what IRS wants. IRS will hold their position on this issue and want all tax returns in their hands until it will release the bank or wage levy garnishments.
Waste no time, get tax returns prepared and filed immediately. The longer you wait the longer the bank or wage levy will usually stay in place.
We make sure the tax returns are sent to the agent handling the case so the tax returns do not get caught up in the system. IRS can lose track of the returns easily.
After all tax returns are sent to the IRS, the Service will want to review your current financial statement. The financial statement the 433A, 433F is the crucial element to the way your case will be closed by the IRS to end your tax problem. Tax relief will be coming soon, be patient.
IRS will expect a documented financial statement. After a review of the financial statement IRS will close your case in one of the following three ways:
1. IRS will put your case in hardship or currently uncollectible which means IRS has determined you have no money to pay them at the current time. Penalties and interest will continue to run and your case will works its way back to the computer system in a couple years. IRS notice and letters will start up somewhere down the road.
2. If you show and ability to pay the IRS back taxes, IRS will insist on the payment plan, installment plan or streamline agreement.
3. IRS will consider a Offer in Compromise or a tax debt settlement.
It is not wise for any taxpayer to file on Offer in Compromise on there own.
There is much involved and I should know. I am a former IRS Agent and teaching Instructor with the IRS. Offers in Compromise are complicated and there is much skill required to have a successful offer accepted.
In summary the keys to getting the IRS off your back:
1. Make sure all tax returns are filed and you are current on all withholding
2. Make sure you have a proper documented 433A, 433F so IRS can close your case,
3. Have a plan B.
We are staffed with former IRS Agents, CPA’s and Board Certified Tax Attorneys.
Call us today to end your tax problem, get immediate tax relief and get your life restored.
IRS, Tax Levy and Unfiled Tax Returns – How to get IRS off your back
by Fresh Start Tax | May 31, 2012 | Back Taxes, IRS Payment Plans, IRS Tax Problem, Offer in Compromise, Tax Lawyer, Tax Settlements
Cannot pay the IRS Back Taxes ? You have options to settle your tax problem
1-866-700-1040 Free tax consultations, A plus rated by the BBB
If you cannot pay your back Internal Revenue Service tax bill you have different options on how to settle and close your case.
Fresh Start Tax LLC 1-866-700-1040 – Board Certified Tax Attorneys, CPA’s and Former IRS Agents, Managers and Instructors. Let us resolve your tax problem right now.
Let former IRS Agents and IRS Insiders get you the tax results you need. Let us use our 60 years of direct IRS tax experience work in your favor.
Taxpayers who owe the IRS back taxes have different options to close and settle back tax problems.
What to Expect!
Everything depends on a current financial statement and your current financial documented state.
The first thing that the IRS will require is a financial statement and that will be in the form of a 433A or a 433F, collections financial statement.This is the main key element where cases start and close. The preparation of this form is central to all negotiations.
There is much more than meets the eye when giving a financial statement to the IRS. IRS carefully makes sure the financial statements make sense. What does that look like?
IRS will make sure the bank statements, cost of living, the 433F or 433A and last 1040 filed all tie together? If it does not, expect the IRS to dig deep.
IRS will review bank statements to make sure they tie in all reported income. If you have more bank deposits than reported income, expect IRS to dig deeper.
IRS will always ask for documentation that verifies the financial statement. They will ask for the last pay stub, the last 3 months bank statements, copies of all monthly bills and any and all expenses claimed as necessary.
IRS may check the Google search engine to learn more about you and your business and interests. This is usually done on every case that reaches a field office.
IRS will fully review with completed documentation the option that best fits there profile and standards on how they will proceed to close your tax case.
Different tax options if you cannot pay your back taxes:
The IRS has usually 3 different remedies or solutions to settle taxes. Depending on your current financial statement IRS will place your case in hardship, have you make a payment to IRS or have your send in a Offer in Compromise to settle your complete tax bill.
You must be current on all your tax filing before IRS will expect and Offer package.
a. Hardship Cases are often call current not collectable.
1. Cases usually go into a 3 year suspended status because of an inability to pay.
Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements, Installment Arrangements, Payment Plans or Streamline payments
1. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. Offer in Compromise Tax Debt Settlement Program: There are three types of Offers in Compromise
The IRS may accept an Offer in Compromise or a tax debt settlement based on three grounds:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
3. Effective Tax Administration/ Exceptional Circumstances ( Rare acceptance ) – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Get the tax relief you need on your back taxes.
Call Tax Attorney’s, CPA’s and Former IRS Agents.
We can also prepare all unfiled tax returns.
Cannot pay the IRS Back Taxes ? You have options to settle your tax problem
by Fresh Start Tax | May 4, 2012 | Back Taxes, IRS Payment Plans, IRS Tax Problem, Tax Levy and Wage Garnishments
IRS Tax Levy, IRS Tax Lien – Get IMMEDIATE TAX RELIEF – Former IRS Agents, Managers – Affordable 1-866-700-1040
The way to get the tax help you need is to hire Former IRS Agents and Managers that have of 60 years of direct IRS experience in the field, in management and as teaching Instructors with the IRS.
We can get your situation resolved immediate and get permanent tax relief on your back taxes.
We have released thousands of tax levies and tax liens since we have been in practice.We are “A: rated by the BBB and our firm has a total of 205 years of professional tax experience.
Chose one of the most trusted tax firms in the industry, we are without complaint.
Call us for a free tax consultation. 1-866-700-1040
Many of our clients and taxpayers and seem to get confused regarding a tax levy and a tax lien.
The term “IRS Tax Levy” is used to describe a collection method the IRS employs to collect back taxes from taxpayers.
Tax levies actually redirect funds to the IRS as a repayment of a past due tax debt
.
Different type of tax levies:
1. Wage garnishments – 668W – actually fall under the levy heading.
Wage garnishments redirect a very large portion, usually about 90% of your wages.Once you call the IRS with a valid document financial statement and all your returns are current and up to date IRS will release the tax levy ( wage garnishment ) with some sort of tax debt settlement. Most cases close with a part payment agreement or installment plan.
2.Bank Levy ( levies ) 688A are one-time events.
The IRS freezes assets in a bank account up to the amount owed plus interest for 21 days then takes those funds to repay your tax debt. There is a 21 day grace period. The 21 day grace period allows you to call the IRS and take care of the matter. Most tax levies are released within that 21 days.
IRS also has the option to make property seizures in extreme cases. This could be a car, a boat, RV, jewelry, art work, even a house or a residence. Again, this is not common and usually only used in extreme cases of tax abuse or large dollar cases.
IRS must send out sufficient notices before IRS decides to levy. IRS is required to send you form 1058 which is a right to a hearing which you have the opportunity to file a Collection Due Process and have a right to a hearing.It is always best to hire a tax professional to defend these issues.
At Fresh Start Tax LLC we have on staff Former IRS Agents, Tax Attorneys and CPA’s to handle your case and win!
A Federal Tax Lien:
A Federal Tax Lien is a filing that take place at the courthouse at closest to your residence.It lets the public know you the Internal Revenue Service monies. As a result of this Federal Tax Lien filing the Internal Revenue Service has a secured interest in all your assets including real and personal property. This will damage your credit score.
Federal Tax liens usually have a life of ten years and can be released with full payment.
If you have any questions regarding a IRS tax levy, bank levy or wage levy call us today for a free consultation.
We are fast , affordable and very user friendly and would love to have your business.
IRS Tax Levy, IRS Tax Lien – Get IMMEDIATE TAX RELIEF
by Fresh Start Tax | Apr 9, 2012 | IRS Payment Plans, Representation, Tax Help
How to Make Payments to the Internal Revenue Service
There are several different ways to pay your IRS tax liability. If you do not have the money at this time this is not a problem. We can solve all IRS tax problems.
Call us at Fresh Start Tax LLC 1-866-700-1040 and we can work out a tax settlement for you. We can get you tax relief.
For those of you who can or want to pay right now here are there different payment options you may want to consider:
1. You could pay by credit or debit card.
You can use all major cards (American Express, Discover, Master Card or Visa) to pay your federal taxes. For information on paying your taxes electronically, including by credit or debit card, go to www.irs.gov/e-pay or see the list of service providers below.IRS takes everything but barter.
There is no IRS fee for credit or debit card payments. If you are paying by credit card, the service providers charge a convenience fee based on the amount you are paying.
Should you chose to pay by by debit card, the service providers charge a flat fee of $3.89 to $3.95. Do not add the convenience fee or flat fee to your tax payment.
The processing companies are:
WorldPay US, Inc.:
To pay by credit or debit card: 888-9PAY-TAX (888-972-9829), www.payUSAtax.com
Official Payments Corporation:
To pay by credit or debit card: 888-UPAY-TAX (888-872-9829), www.officialpayments.com/fed
Link2Gov Corporation:
To pay by credit or debit card: 888-PAY-1040 (888-729-1040), www.pay1040.com
If you need additional time to pay call us to get any easy payment plan or installment agreement from the IRS.
We can get a nice easy payment plan for you today.
