by Fresh Start Tax | Dec 4, 2012 | IRS Tax Debt, New Jersey Tax, Tax Settlements
IRS Tax Attorneys, Former IRS – Settle IRS Back Tax Debt
Have Board Certified Tax Attorneys, Tax Lawyers and Former IRS Agents settle your IRS tax debt.
The IRS settles about 30 % of all cases sent to the Offer in Compromise Unit. Most of those accepted offers in compromise are prepared by a professional tax firm.
We can settle your IRS back tax debt for the lowest amount allowed by law. As former IRS agents we know all the settlement policies.
Contact us for a no cost evaluation. 1-866-700-1040.
Our Former IRS Agents taught Tax Law at the IRS and actually taught the tax debt settlement policies at the IRS called the Offer in Compromise.
We have over 205 years of total IRS experience and over 60 years of direct IRS experience in the local, district and regional offices of the IRS.
The New Fresh Start Program initiated by the IRS is now allowing reduced settlements.
See below IRS statement regarding the Offer in Compromise.
Offers in Compromise, Tax Debt Settlement program by the IRS.
The IRS is expanding a new streamlined Offer in Compromise program to cover a larger group of hurting taxpayers and business owners.
This IRS streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.
In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
Offers in compromise are subject to acceptance based on legal requirements. An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
An offer in compromise will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.
The IRS looks at the taxpayer’s income, assets and expenses to make a determination regarding the taxpayer’s ability to pay.
There are very specific tax formulas to settle cases. After a review of your case we will make recommendations of how to settle for the lowest amount allowed by law.
Our Firm
We are affordable , friendly and get results. Call us for a no cost professional tax consultation and speak directly to a Tax professional.
An Offer in Compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS considers your unique set of facts and circumstances:
- Ability to pay;
- Income;
- Expenses; and
- Asset equity.
IRS will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time. Explore all other payment options before submitting an offer in compromise.
The Offer in Compromise program is not for everyone. Do not be ripped off.
We will qualify an client before submission of an Offer. We offer free tax assessments before any fees are required.
Make sure you are eligible for the Offer in Compromise Program
Before the can consider your offer, you must be current with all filing and payment requirements. You are not eligible if you are in an open bankruptcy proceeding.
IRS Tax Attorneys, Former IRS – Settle IRS Back Tax Debt – Essex, Morris, Bergen, Passaic, Union – New Jersey 1-866-700-1040
by Fresh Start Tax | Dec 3, 2012 | New Jersey Tax, Tax Lawyer, Tax Relief
IRS Lawyer – Tax Relief Services – Tax Attorneys, Former IRS – Essex, Morris, Bergen, Passaic, Union – New Jersey
Stop the worry today. You have options to settle with the IRS. Just ask Former IRS agents and managers.
We are comprised of Board Certified Tax Attorneys, IRS Lawyers, CPA’s, Enrolled Agents and Former IRS agents.
We have over 206 years of total IRS tax experience and over 60 years of direct IRS experience in the local, district and regional offices of the Internal Revenue Service.
As former IRS Agents we taught Tax Law at the IRS.
We know all the settlement techniques and tax policies related to all the Tax Relief Services with the IRS.
We can review the different tax options and settle your case with the IRS.
We are affordable and you can speak directly to the tax professional that will be handling your case. All work is done in house by true tax professionals.
How we Settle and Negotiate your case with the Internal Revenue Service:
1. We will immediately send a power of attorney to the Internal Revenue Service letting them know that we are now your tax representative.
You will never have to speak to the IRS. We handled all letters and contact.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS can refuse to work your case. This is leverage that the IRS will use to get you tax compliant.
We can and will pull tax transcripts, file and prepare your tax returns within days, even if you have lost or have few tax records.
3. The IRS requires a current financial statement. We will secure a required 433-A , 433F (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case. All cases are reviewed against the National Averages.
4. We review with our clients how they want to settle their case.
We will get you an agreement based on your current financial needs.
IRS Tax Settlement Agreements can be in different forms:
a. Hardship Settlements.
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 plans,
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. The Streamline agreement is the most popular.
c. IRS Offer in Compromise/ Tax Debt Settlements
There are three types of OICs:
The IRS may accept an Offer in Compromise 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 or Exceptional Circumstances.
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. Most of these offers are accepted due to medical hardships.
Do not be ripped off by other tax firms call us to hear the truth. 1-866-700-1040.
IRS Lawyer – Tax Relief Services – Tax Attorneys, Former IRS Essex, Morris, Bergen, Passaic, Union – New Jersey
by Fresh Start Tax | Dec 3, 2012 | IRS Tax Debt, New Jersey Tax, Tax Lawyer, Tax Relief
IRS Tax Debt Relief – Tax Resolution – Tax Attorneys, Former IRS
Have former IRS Agents, Managers and Instructors completely resolve your IRS tax debt and get you a permanent tax resolution.
We have over 205 years of professional IRS and State Tax Experience and over 60 years of direct work experience at the IRS. We taught Tax Law at the IRS.
We are affordable and friendly.
Different Ways to Resolve your case with the IRS
There is a very specific process that the IRS uses to close all outstanding tax debt off of the CADE 2 enforcement computer.
IRS will require a base financial statement. Depending where your case is in the system IRS will either require a 433A or a 433 F financial statement.
In each case the financial statement will need to be fully documented.
Documentation will include but limited to 6 months of bank statements, bills or expenses and proof of income. IRS will compare your expenses to the National and Regional Standards. You can observe those on our website.
The three normal closing methods used by the IRS after a review of the documented financial statement are the following:
1. You will qualify for a IRS Hardship,
2. You will qualify for a IRS installment payment,
3. You will be eligible for a tax settlement.
Before you decide whether a tax settlement is right for you, make sure you are eligible.
Before the IRS can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Submitting your offer in compromise.
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). You can find this on our website.
a. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms,
b. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
c. $150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
Select a payment option
Your initial payment will vary based on your offer and the payment option you choose:
1. Lump Sum Cash.
Submit an initial payment of 20 percent of the total offer amount with your application. You will wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
2. Periodic Payment.
You will submit your initial payment with your application.You should 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 offer in compromise process
While your offer in compromise is being evaluated:
1. Your non-refundable payments and fees will be applied to the tax liability,
2. A Notice of Federal Tax Lien may be filed by the IRS,
3. Other IRS collection activities are suspended,
4. The legal assessment and collection period is extended;
5. Make all required tax payments associated with your offer,
6. You are not required to make payments on an existing installment agreement or payment plan and,
7. Your offer in compromise is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
IRS Tax Debt Relief – Tax Resolution – Tax Attorneys, Former IRS Essex, Morris, Bergen, Passaic, Union – New Jersey
by Fresh Start Tax | Dec 3, 2012 | IRS Tax Problem, New Jersey Tax, Tax Help, Tax Lawyer
IRS Tax Problem Help – Tax Relief – Tax Attorneys, Former IRS
Stop the worry right now. Hire local tax professionals who know the system and have settled hundreds of cases. 1-866-700-1040.
Do not be bullied by the Internal Revenue Service.
Let Former IRS Agents who know the tax system and tax policies get you immediate tax relief. Free tax consults. Affordable.
We have worked hundreds of IRS tax audits. We are a local New Jersey tax firm.
If you are having a IRS Tax Problem and are looking for professional tax help contact Fresh Start Tax LLC 1-866-700-1040
We are comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS agents and managers that have over 60 years of direct IRS work experience.
We taught Tax Law at the IRS. All work is done in house and we have represented thousands of clients.
Areas of Professional Tax Practice:
- Same Day IRS and State Tax Representation,
- Offers in Compromise / 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 and State Tax Audits,
- IRS Hardships Cases or Unable to Currently 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 or Business Tax Returns ,
- Tax Return Reconstruction if Tax Records are lost or destroyed.
- FBAR,
- Expatriate Representation
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, Tax Lawyers, 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 90.3 FM Monthly Radio Show-Business Weekly
Fresh Start Tax LLC – New Jersey209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
IRS Tax Problem Help – Tax Relief – Tax Attorneys, Former IRS – Essex, Morris, Bergen, Passaic, Union – New Jersey – IRS Tax Experts
by Fresh Start Tax | Dec 2, 2012 | Back Taxes, New Jersey Tax, Tax Settlements
File Back Tax Returns, Settle Back Tax – Tax Attorneys, Former IRS- Upper Montclair, Cedar Grove, West Orange, Ridgewood, Mendham, Franklin Lakes, Newark, Bernardsville – New Jersey
Fresh Start Tax LLC – New Jersey
209 Cooper Ave,
Upper Montclair, NJ 07043 1-866-700-1040
Hire local IRS tax representation to file you back, late, or past due tax returns and settle your back taxes all at the same time.
We are comprised of Tax Attorneys, Tax Lawyers and Former IRS Agents and Managers.
We have over 60 years of direct experience at the IRS.
We have successfully represented thousands of taxpayers with back tax issues and tax settlements.
All first time consultation are free 1-866-700-1040. Call us, we are friendly and affordable.
IRS Tax Settlements and Back Tax.
This process is called An offer in compromise that allows you to settle your 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:
1. Ability to pay,
2. Income,
3. Expenses and,
4. Asset equity.
IRS will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
Filing Back taxes, you should file before the IRS files your back tax returns
If you do not file your back tax returns the IRS can file for you and this will spell trouble. The IRS will use the highest standard that they can and create a valid tax assessment made up of your income and no expenses.
If you do not follow up and ask for a tax reconsideration the IRS can follow that up with the filing of a Federal Tax Lien, a Bank Levy or a Wage Garnishment.
It is imperative you rectify these issues before the IRS enters the assessment phase.
Call us today for more details. 1-866-700-1040.
IRS can prepare your tax return under 6020B of the IRM
IRC 6020(a)
You can bring the information in to the IRS and they can prepare your return.
If the taxpayer will consent to disclose all information necessary for the preparation of the return(s), IRC 6020(a) states,
“… the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.”
This does not include the taxpayer signing a waiver of restriction on assessment (e.g., Form 4549, Income Tax Examination Changes, or Form 870, Waiver of Restrictions on Assessment & Collection of Deficiency in Tax & Acceptance of Over-assessment,) which does not constitute a return under IRC 6020(a).
Delinquency penalties are applicable.
Under IRC 6020(b)
Those who willfully fail to file.
IRC 6020(b) states, “If any person fails to make any return required by any Internal Revenue Law or regulation made there under at the time prescribed therefore, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.”
IRC 6020(b)(2) states,
“Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes. This is an SFR or substitute for Tax Return.
File Back Tax Returns, Settle Back Tax – Tax Attorneys, Former IRS – Upper Montclair, Cedar Grove, West Orange, Ridgewood, Mendham, Franklin Lakes, Newark, Bernardsville – New Jersey
by Fresh Start Tax | Nov 30, 2012 | New Jersey Tax, Tax Returns
Income Tax Preparation, Tax Services CPA’s, Former IRS
We are a full service tax firm. We are A plus rated BBB.
We can help audit proof your individual or business tax return. 1-866-700-1040.
We have on staff Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents, Managers and Instructors.
We have over 205 years of total IRS and State Tax Experience and over 60 years of direct work expereince at the IRS in the local, district and regional offices of the IRS.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
We offer a FREE initial consultation for business owners.
Fresh Start Tax LLC
Preparing your own income tax return can be a task that leaves you with more questions than answers.
According to a study released by the US Government’s General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing.
It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.
Here’s what your get by using Fresh Start Tax LLC
Your individual or business tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
Your tax return can be filed electronically so you will get a refund back quicker.
Our professional tax staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year’s tax liability.
Books a Mess: No Problem!
If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you.
We will prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we’ll help you set up an easy system that allows you to keep your books in tip-top shape next year.
Our Services include but not limited to the following:
- All Tax Services
- Accounting
- Tax Planning
- Bookkeeping
- IRS Problem Resolution
- Financial Planning
- Estate and Trust Fund Planning
- Incorporation
- New Business Advisor
- Payroll
- Compilation of Financial Statements
- Income Tax Preparation Service
- Tax Preparation Help
- Federal Income Tax Return
- 1040 Tax Return
- State Tax Returns
Income Tax Preparation – Tax Services- CPA’s, Former IRS – Upper Montclair
