by Fresh Start Tax | Oct 20, 2012 | Back Taxes, California Tax, IRS Tax Debt, Tax Returns
If you need IRS Tax Relief from Back Taxes and if you have unfiled, past due or late tax returns we can rectify your problem immediately. 1-866-700-1040.
Why Fresh Start Tax LLC
We are a local tax firm comprised of Former IRS Agents, Managers and Instructors. We are also staffed with Board Certified Tax Attorneys, CPA’s and Enrolled Agents. We are a full service tax firm.
Fresh Start Tax LLC
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
We have resolved thousands of tax cases since 1982. Stop the sorry today.
IRS Tax Relief
IRS Tax Relief from back taxes occurs in a variety of ways. IRS wants to make sure all tax returns are filed, current and up to date including sufficient withholding being taken out to cover the taxes for the current year.
IRS will then ask for a financial statement that is completely documented and make a determination based on the taxpayers ability to pay the debt back to the IRS. The IRS has a National Standards tests that it uses to determine allowable living expenses. True tax professionals can use this standard to your advantage to get you the tax relief you need.
IRS wants all tax returns filed and taxpayers up to date. If you have unfiled, late or past due tax returns call us today and we can prepare your Federal and State tax returns.
If you have little or you lost your tax records we can help reconstruct those tax returns with little inconvenience to you. We have prepared thousands of back returns since 1982.
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”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
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Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE FM Net Monthly Radio Show-Business Weekly
by Fresh Start Tax | Oct 19, 2012 | IRS Tax Debt, IRS Tax Experts, IRS Tax Problem, Offer in Compromise, Representation, Tax Problem Help, Tax Settlements
IRS Offer – Settle with the IRS – Former IRS Settlement Agent – Revenue Officer – Debt Settlement Tax Relief
You cannot do any better than having a Former IRS Agent Settle your back tax debt. When I was employed with the Internal Revenue Service I taught the Offer in Compromise or the Tax Debt Settlement Program to new IRS agents. I/We worked out of the local, district and regional offices.
I have worked hundreds and hundreds of Offers in Compromise. I am a true expert in regard to the OIC Settlement program.
IRS Settlement History
Over the past years IRS has been accepting more Offers i n Compromise. Historically the IRS accepts around 25% of all offers in compromise with the number inching up over the past 3 years. IRS accepted 27% of all offers last year. IRS receives around 55,000 OIC a year.
With the new Fresh Start Program I expect to see that number skyrocket to numbers of offers filed that have never been seen before. I do not honestly believe IRS has the manpower to work the numbers of cases that will be coming into to the fold.
IRS will reject Offers at the drop of a hat.
IRS is basically lazy. The truth be told they hate to work this program and since Offers are long investigations their first instinct is to say ” no” because it is just to much work. To work through the entire case can take an Agent up to 25 hours.I should know, I worked there and I know there mentality.
Offers needs to be filled out correctly and accurately to have a chance of being accepted. The reason most offers are rejected is simply because the Offer is not correctly filled out. The offer is a legal contract and therefore the letter of the law must be complied with.
This is the reason it is best to have a professional tax firm complete your offer. My guess is that about 90% of all offers approved are filed by professional tax firms, at least that is the inside word I get.
Fresh Start Tax LLC is A plus rated and will tell you the truth regarding your case. 1-866-700-1040.
The Bottom Line.
Engage a professional tax firm for this process. Most solid firms will never file a offer unless it has a chance to get through. Our firm offers a free analysis of your case before taking any money from you. Take of advantage of our experience.
What is a Offer in Compromise or Settling your tax debt?
An offer in compromise is a legal agreement between a taxpayer and the Internal Revenue Service ( IRS ) that settles the taxpayer’s ( business ) tax liabilities for less than the full amount of taxes owed.
If the tax liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for an OIC.
In most cases, the IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential.
The RCP is how the IRS measures the taxpayer’s ability to pay.
The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, boats, pensions, IRA’s, and other property.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.
The IRS may accept an OIC based on three grounds.
First, acceptance is permitted if there is doubt as to liability.
This ground is only met when genuine doubt exists that the IRS has correctly determined the amount owed.
Second, acceptance is permitted if there is doubt that the amount owed is collectible.
This means that doubt exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
Third, acceptance is permitted based on effective tax administration.
An offer may be accepted based on effective tax administration when there is no doubt that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
Call us today and hear the truth from true tax professionals, 1-866-700-1040.
by Fresh Start Tax | Oct 17, 2012 | Back Taxes, IRS Tax Debt, New Jersey Tax, Tax Returns
Tax Relief on Back Taxes & Unfiled Tax Returns
We are comprised of Tax Attorneys, CPA’s and Former IRS agents. We have over 60 years of direct work experience at the Internal Revenue Service in the local, district and regional offices of the IRS.
We can file all your back tax returns and get your a tax settlement agreement.
Call us today for a no cost consultation.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave, Upper Montclair, NJ 07043
1-866-700-1040
Since 1982 and A plus rated BBB.
Back Taxes. Tax Relief on Back Taxes & Unfiled Tax Returns
There is a very specific way you go about addressing back tax issues with the IRS. Before you pick up the telephone and call the IRS there must be a game plan in mind.
You must know exactly what your end goal should be. Taxpayers that just randomly call the IRS expecting a favorable outcome will find themselves on the short end of the stick when all is said and done.
The steps to assure your outcome with the IRS.
1. Make sure all tax returns are filed or you are in the process of completing the tax returns. IRS will never close your case when outstanding tax returns are not filed.
2. Make sure you have enough withholding being taken out your check so make sure the IRS knows you are fixing the problem. If you are self employed you must start making ES payments to ensure you will not owe tax again.
3. IRS will require a financial statement. IRS will require a 433A or a 433F depending on where the case is in the IRS system. If you are dealing with the ACS Unit and you are on notice status with a Service Center IRS will require a 433 F. If the case is in the field the IRS will require a 433A.
Both types of financial statements will need to be fully documented so make sure the financials are accurate and can be documented with proof of all income, bills and receipts.
The documentation that the IRS will be requiring.
The basic information the IRS will need:
1. Your last pay stub,
2. Copies of mortgage or rent statements,
3. Copies of utilities bills for the last 3 months,
4. Car and insurance payments,
5. Last 3 months bank statements,
6. Medical, insurance bills
7. Anything listed as a monthly expense will be required.
Do you need tax relief on back taxes on unfiled back tax returns?
The process of filing back or unfiled tax returns:
If you have unfiled tax returns, this is the process Fresh Start Tax LLC uses to get current with the IRS and get you immediate and permanent IRS tax relief:
1. We verbally review a year by year history of your income and expenses to arrive at the lowest amount of tax allowed by law.
2. We review any books, records and bank statements you may have.
3 We pull all income IRS information that they have received from 3rd party sources that have been placed on the IRS computer system over the past 7 years.
Lost records:
a. If you have lost all your records we have easy and simple forms that can help you reconstruct your tax return.
b. We can prepare through years of experience a “reconstructed” tax return that the IRS will accept and process.
c. We review all returns for accuracy with the client and send them into the IRS.
Once all your tax returns are on record we will work out a permanent settlement agreement with the IRS.
Call us today for more details. 1-866-700-1040.
Tax Relief on Back Taxes & Unfiled Tax Returns
by Fresh Start Tax | Oct 3, 2012 | IRS Tax Debt, Offer in Compromise, Tax Settlements
Former IRS agent and Teaching Instructor
Make sure your offer get pre-qualified before your file with the IRS. Our office will pre-qualify your offer for no cost.
Do not get ripped off.
Much is written about the IRS Offer in Compromise but the truth is there are few experts in the area. Solid Tax problem help is hard to find so check BBB rating and the expertise of the tax professional your chose.
Offers in Compromises’ are submitted by the thousands and thousands or person and tax firms however few persons have the inside knowledge about the Settlement process of IRS.
I can make this statement because I have been working Offers in Compromise since 1976. As a Former IRS Agent, not only did I work Offers in Compromise I also was an instructor with IRS who taught the Settlement Program to new IRS agents.
What is an Offer in Compromise or a Tax Debt Settlement
There are different types of Offers, the offer that applies to most taxpayers wanting to settle their case is a Offer as to Collectibility.
About 53,000 Offers are filed each year and the IRS accepts around 27% . It should also be known that of the 27% most of those offers accepted are turned in by tax professionals.
An offer in compromise doubt as to collectibility allows you to settle your tax debt for less than the full amount you owe. This is where the phase” pennies on a dollar ” derives itself from.
OIC may be a legitimate option if you cannot pay your full tax liability or doing so creates a financial hardship.
Make sure you check with a competent tax professional and have your case pre-qualified for an Offer in Compromise before you file. There are many companies that will rip you off.
The Offer Process.
IRS will consider your unique set of facts and circumstances:
a. Ability to pay;
b. Income;
c. Expenses and
d. Asset equity.
IRS generally approves an offer in compromise when the amount offered represents the most the IRS can expect to collect within a reasonable period of time. The normal time period to settle is within a 6-7 month window.
The Settlement comes down to two things:
The Settlement of your taxes comes down to two things, assets and income. The reality is that the IRS in not concerned about any of your liabilities, they are only concerned about assets they have a right to take are seize.
The basic settlement formula:
1.IRS wants to value of all your assets, there is a distrait value to most assets and there is a specific form we go over with our clients with to determine the exact value IRS will seek. IRS excepts distrait values so you want to be sure you use the lowest values allowed by law.
2. IRS will then turn to your income and your expenses. IRS will compare your income with the necessary allowed living expenses in the area in which you are living. The IRS will subtract your expense from your income. If there is a surplus they will multiply that number by 12.
Both the asset value and the income expense ratios are added together and becomes your offer to the IRS.
Select a payment option
Your initial payment will vary based on your offer and the payment option you choose:
a.Lump Sum Cash.
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
b.Periodic Payment.
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines.
You do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your IRS application package for details or just ask your tax professional.
Understand the OIC process
- While your offer is being evaluated: Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
- A Notice of Federal Tax Lien may be filed; you need to check with your tax professional,
- Other collection activities may be suspended,
- The legal assessment and collection period is extended,
- Make all required payments associated with your offer,
- You are not required to make payments on an existing installment agreement or payment agreements, and
- Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today to get a no cost evaluation for a tax settlement. 1-866-700-1040.
Are you a Offer in Compromise Candidate, Find out from Former IRS Agents, Free Tax Consult, Tax Problem Help
by Fresh Start Tax | Sep 21, 2012 | IRS Tax Debt, Offer in Compromise, Representation
Debt Settlement Service that are provided by Fresh Start Tax LLC are some of the very best in the country simply because of our tax experts are leaders in the industry for IRS Debt Settlement.
When you work at the Internal Revenue Service and you were a Former IRS instructor who taught the Offer in Compromise program to other IRS Agents you are a true tax specialist.
On staff are Former IRS agents who have over 60 years of direct IRS experience in the local, district and Regional Offices of the IRS.
Debt Settlements with the IRS are called Offers in Compromise.
Last year the IRS settled 27% of the cases. The average settlement was 14 cents on a dollar.
80% of those cases accepted for settlement were sent in by professional tax resolution companies.
It is important to know the IRS made significant changes to there Debt Settlement Program called the Offer in Compromise through the new Fresh Start Program.
Today because of this change many more taxpayers will be eligible for Offers.An Offer is not for ever taxpayer. If the value of your assets exceed the amount you owe, you are not eligible for an Offer in Compromise.
The Offer in Compromise process takes an extensive look into the Assets and Income of each taxpayer and each and every case is very unique. There are no two cases the same.
Offers are generally based on a specific formula:
Total assets plus, income minus expenses times 12.
To see if you qualify , call us today for a no cost consultation. You may select your payment option. 1-866-700-1040.
Selecting a payment option
Your initial payment will vary based on your offer and the payment option you choose:
- Lump Sum Cash: Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
- Periodic Payment: Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer.
Understand the process of Tax Debt Settlements or Offer in Compromise
While your offer is being evaluated by the IRS:
a. Your non-refundable payments and fees will be applied to the tax liability,
b. A Notice of Federal Tax Lien may be filed,
c. Other collection activities are may be suspended,
d. The legal assessment and collection period is extended for the time the offer is in process,
e. Make sure to make all required payments associated with your offer,
f. You are not required to make payments on an existing installment agreement and lastly,
Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today and speak directly to a Former IRS agent.
by Fresh Start Tax | Sep 17, 2012 | IRS Tax Debt, Tax Relief, Tax Settlements
There are many IRS tax settlement experts that you can find on the Internet. I Googled the word tax settlement experts and found over 7,300,000 searches available for IRS tax settlement experts.
Needless to say there are tons of people lying about being IRS tax experts.
Being a Former IRS Agent and teaching instructor with the IRS I can tell you a truly good settlement expert is hard to find. Many of these so called experts actually hurt their clients than helped them. Many of these so called experts gave me a road map to take enforced collection action.
The reality of the situation is this, there are some good tax settlement experts and your job is to be able to discern who is the best for you. There are certain qualifications you should look for in choosing the person that will be able to close your case with the IRS and get you the tax settlement you need to get your life back in order worry free. Check out my tax tips.
How to pick a IRS Tax Settlement expert to get you a tax resolution.
1. How many years work experience does the tax professional have that will be working your case,
2. How many cases has the person worked who will be handling your case,
3. Given like kinds of cases, what could an expected result be,
4. What is the Better Business Bureau Rating of the tax firm,
5. How many other persons at the firm can work your case is something happens,
6. Are there complaints reports on record for the tax professional,
7. What are the fees? Will they be put in writing?
There is a general caution or warning if a tax professional will not flat fee bill on tax resolution cases. Professionals that have a lot of experience know exactly how long these cases will take and should be able to give you a flat fee agreement. Insist on it or walk away.
IRS Tax Settlements can be broken into 3 categories. IRS will either place your case in:
- Hardship ,
- Payment Plan or Installment Agreement,
- Offer in Compromise.
Before the IRS will place you into a closed file for tax resolution, IRS will require a IRS financial statement. You will need to complete a form 433A or a 433F and have that form completely documented with bills, receipts, bank statements etc.
Another important aspect of the tax settlement is to understand the Nation Standards Program. The amounts of the national standards allowed for each area are listed on our website.
You can call us today for a free tax consult and we can walk you through the IRS tax resolution program.
Call us today to find out which category you are eligible for. 1-866-700-1040
