by Fresh Start Tax | Dec 10, 2018 | Tax Help
Michael Sullivan IRS/State Tax Debt Expert, File & Settle Your Tax Debt all At the Same Time <>< Christian IRS Tax Experts
We are a Christian tax firm that specializes in the offer in compromise in the various ways to settle your back tax debt with the Internal Revenue Service and State of Georgia.<><
We can represent you from your first initial letter, to contacting the IRS, to submitting a power of attorney, to finding out the status of your case, and represent you to the time your case is settled, we are one of the Christian premier tax resolution companies in the United States, since 1982 we have been representing Christians across the nation.
When you call please feel free to ask us about our faith.<><
Proverbs 12:15
The way of a fool is right in his own eyes, but a wise man listens to advice.
Proverbs 11:14
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
I am a former IRS agent and teaching instructor with the Internal Revenue Service.
When I was employed by the Internal Revenue Service I work the offer in compromise program. there are three general programs to settle your tax debt, the offer in compromise, the payment agreement and the hardship program but before IRS accepts any of these programs you must have all your tax returns filed and up-to-date.
We can prepare all back tax returns with or without records get them on the IRS computer and settle your tax debt all at the same time.
As a result, we know all the inside secrets the methodologies and all the back tax programs to settle back taxes available.
Not only did I accept and reject offers in compromise, I was also a teaching instructor at the service center to help qualified revenue officers decide which offers to accept and reject.
Given the above information, I can tell you I am a true expert for the IRS offer in compromise and I wish to explain to you whether an offer in compromise is a viable option for you.
Due to social media, marketing and advertising the assumption by the general public is that IRS can settle tax debt for pennies on the dollar.
Let me first let you know that IRS does accept offers in compromise and as a matter of fact last year approximately 32,000 offers in compromise were accepted out of the 78,000 that were filed.
That number varies from year to year but the percentages usually remain the same of acceptability.
The average settlement was $9500 per case but remember that is just an average in not everybody can settle their tax debt for $9500.
There is much information you need to know before you go off filing an offer of compromise and giving your money to some firm to try to pull off some amazing trick because you have been sold a bill of goods and bought in to some marketing ploy and they’ve convinced you are a settlement candidate.
The IRS Process:
It first starts with the review of your personal financial statement which is found on the 433 OIC.
When the offer in compromise gets sent in to the Internal Revenue Service it is met with the reviewer that make sure that you are truly qualified candidate for the offer in compromise program.
That reviewer checks the completed form to make sure it is a valid agreement. The offer in compromise is a legal document between you and the Internal Revenue Service.
If IRS were to accept the offer and the next day you win the lottery the accepted offer still stands.
Also reviewer make sure that all the documentation is attached so that the revenue officer who will work your offer in compromise can move forward.
Approximately one-third of all offers in compromise are sent back to the taxpayer because the offers are not filled out correctly or the appropriate documentation is not attached.
IRS will check to make sure all your tax returns are current and filed on the IRS system.It is critically important you know that you must have all tax returns filed before IRS will process your offer.
You should know that the Internal Revenue Service rejects an offer before it accepts an offer. one of the basic rules is that the revenue officer is lazy and is easier to mark rejected then they go through all the work of accepting an offer in compromise.
I should know this is a former instructor of the offer in compromise I see many revenue officers simply send offers back because some of the eyes were not dotted in the T’s were not crossed.
Due to the volume of cases the IRS has, which is over 7500 cases waiting in the IRS Q, is far easier for the IRS to say no then to accept because an average of anywhere between 20 and 40 hours are spent on accepting the offer in compromise.
If you have an offer in compromise accepted, four signatures are generally required for signature as it goes up and down the chain.
So how do you know if the offer in compromise is right for you. Call for a free initial tax consultation and hear the truth from a true IRS tax debt settlement former agent.
The first place to go is to fill out the IRS pre-qualifier tool for the offer in compromise. Because of so many scrupulous tax companies that have been ripping people off, the IRS wanted to make sure the general public has a tool that they can use to find out if they are prequalified to file the offer in compromise to make sure it is a viable option.
It contains all the necessary information in regard to your income, your expenses and your assets and it predetermined for you whether the offer in compromise is even a viable option for you.
IRS will take a very close look at the liquidity of your assets, your current income, and your monthly expenses before it renders a decision as IRS wants to make sure it collects all the money from you that they can within the 10 year statutory period of time.
One of the questions the agent will want to consider is, can we collect more money over 10 years than accept the current agreement on the table for the IRS offer in compromise.
As a general rule, you will have to give IRS your total liquidity of all your assets before they will even consider the acceptance of an offer in compromise.
IRS on larger dollar cases is a tremendous amount of due diligence.
The IRS has a wealth of information on the various computers they can use to dig and find assets or income.
Why? you may ask is because all offers in compromise are open for public inspections at eight regional offices throughout the United States.
Your offer in compromise must be thoroughly documented which includes all your bank statements for the last six months to a year, all your pay stubs, all your monthly expenses along with certain documentation for assets that have value.
IRS also takes a look at the values of your pensions, your IRA, your business as well.
The offer in compromise is one of the most reviewed documents, it is like going through a mini audit.
Some of the due diligence that IRS will conduct on a larger dollar cases is checking Google, the accurate search engine, Department of Motor Vehicles, real estate records, insurance policies, credit reports, loan applications, insurance policies, and inter-government agency records including those garnered by Homeland security and other such agencies.
Before you contemplate filing the offer in compromise and wasting your money on a company that has promised you they can settle your case for pennies on the dollar, you would be wise to give us a call to have an actual former IRS agent and teaching instructor of the offer in compromise give you the green light.
You should also know if an offer in compromise is not except that you have the right to appeal it and if the appeal is not accepted you can file an offer at a later time.
When you call our office you will speak to true IRS tax experts who knows the system and can tell you what to expect and tell you how to settle for the lowest amount possible.
When you call our office will review every single back tax program available, and generally there’s three the hardship program the payment agreement program and the most popular back tax program the offer in compromise which completely settles your IRS tax debt but you must be a candidate that fits the IRS criteria.
Call us today for a free initial tax consultation, you will hear nothing but the truth from former IRS agents who know and understand the methodologies of the offer in compromise to make sure it is right for you.
IRS/State Tax Debt Problem Experts + File, Settle ,Representation + Christian Debt Experts + Atlanta, Johns Creek, Decatur, Alpharetta
by Fresh Start Tax | Dec 10, 2018 | Tax Help
If you owe back taxes to the Internal Revenue Service you have several options to resolve your back tax debt. As a former local IRS agent, here are your options for relief.<><
As a former IRS agent teaching instructor I worked out of the Atlanta regional training center.
We are true experts when it comes to owing back federal or state taxes. We are a Christian tax firm since 1982.
Millions of taxpayers owe back taxes every year to the Internal Revenue Service and best guess estimates show there’s anywhere between 5 to 10 million people who do not fully pay their income taxes when filed.
They generally fall into two categories of people, those who have not had sufficient withholding taken out or self-employed individuals who simply never made or did not have enough estimate payments made to the Internal Revenue Service to cover their tax debt.
Both find themselves on the short end of the stick when it comes to tax season.
Many of these taxpayers never bother to file a tax return when they find out they owe tax fearing the worst or retribution from the Internal Revenue Service.
Many of these people fear the IRS levy on their bank or their wages or the filing of a federal tax lien. So what do most of these people do, many put their head in the sand and don’t bother to go ahead and do anything about the inevitable debt. However at some point in time they are going to have to deal with Uncle Sam and many will receive a nasty gram.
The fear is not as bad as people think. You have different options to resolve your IRS back tax debt and keep IRS out of your life and out of your back pocket.
Here are your different options if you owe back tax debt to the Internal Revenue Service.
About 6.5 million taxpayers a year make monthly installment agreements. Some of these can come in the form of online agreements. the ones do not fit the online agreement category must give IRS a current financial statement documented along with copies of pay stubs bank statements and they must understand the necessary living expense standards set up by Internal Revenue Service.
IRS will require a financial statement which is generally on a 433F to be fully reviewed fully documented before making a determination on allowing them to make an installment agreement.
Others simply cannot pay their back taxes and will ask IRS to be put in a hardship or are currently not collectible status.
Those individuals going in the status must understand that the tax debt will be reviewed again in two or three years and penalties and interest will still run on the debt the entire time it is an uncollectible status.
Others can file for an offer in compromise to settle their tax debt for pennies on a dollar. With that said you must be a truly qualified candidate for the offer in compromise program.
As a former IRS agent, I was a teaching instructor for the offer and you must make sure you are a qualified candidate and not give your money to any firm unless you know you have a fair amount a chance to get your offer accepted
If you have any questions regarding owing back tax debt and the best way to resolve it based on your current financial statement please call us today for a free initial tax consultation and we will review with you the various programs IRS has in detail so you fully understand what the best option for you based on your current financial conditions.
If you are hiring a tax firm or a tax defense resolution company to represent you make sure they have former IRS agents on staff.
Check the Better Business Bureau records find out the length of time they been in business and check out the complaint history.
And lastly speak to the person who may be working your case. call us today for a free initial tax consultation and hear the truth about owing back taxes to the IRS or state.
Call us today for a free initial tax consultation and speak to a true IRS tax expert from a Christian tax defense firm.
Owe Back Tax Debt To IRS/State + Hear Option From a Christian Tax Firm Company + Accounting, CPA’s, Debt Relief Company Tax Experts +
by Fresh Start Tax | Dec 10, 2018 | Tax Help
Call our firm, composed of former IRS agents, managers and teaching instructors. Levy Releases Now! <><
Call today and we can walk you through the process.
As a former IRS agent I literally issued thousands of IRS bank and wage garnishment levy notices therefore I know the system and the methodologies inside and out to get immediate releases of the wage garnishment and bank levies there is a very specific process.
I have signed so many bank and wage garnishment levies that felt many times like my hand would fall off. Some days I issued 50 notices to levy. However, now I’m on your side and I can stop the process.
Not only can we get your IRS wage garnishment or bank levy release we can settle your case at the same time.
One call to our office and you will understand the process of how to get an immediate release of a wage or bank levy garnishment.
It is all a matter of knowing the system.
As a former IRS agent and teaching instructor many taxpayers receive a nasty gram from Internal Revenue Service, they find out that the IRS has either sent out a tax levy
There is never a good time but it always seems to happen at the worst times, always.
The best thing you could possibly do is talk to a professional tax firm that can go over the various options that you have.
It is important that you understand the system and to know that a bank levy garnishment or a wage garnishment is not going to go away until Internal Revenue Service is contacted.
IRS sent the bank levy or the wage garnishment levy because taxpayers have failed to contact them. Sadly, many taxpayers have never received prior bills or notices because they moved and the notices never found their way to be opened.
Before IRS may issue a bank levy is required to send out the following notices. There are absolutely no exceptions.
IRS sends out a series of 4 to 6 letters depending on the case, the dollar amount, the type of delinquency and have formally requested demand for payment on the back taxes.
If the Internal Revenue Service received no correspondence or no call the Internal Revenue Service through their computerized system will issue a bank levy or wage garnishment notice.
IRS cannot levy until it sends out required notices, they are as follows:
Required Notices for IRS :
Before property can be levied, the taxpayer must be given a,
• Notice and demand,
• Notice of intent to levy, and
• Notice of a right to a Collection Due Process (CDP) hearing
.
After these notices have been sent out to the IRS computerized system that allows IRS to take the next step to formally issue a bank levy or wage garnishment notice.
The Internal Revenue Service keeps all W-2s, 1099s, and all third-party income sources on a computer in which they draw upon to issue IRS bank levies or wage garnishments. The Internal Revenue Service keeps his income source list for six years.
So, now the ball is put in your court, you are not going to receive another paycheck and IRS has just frozen your bank account for 21 days so what is the next step.
The Internal Revenue Service will be waiting for you to contact them and give them information so they can literally close your case off the IRS enforcement computer.
What IRS is waiting before they can release a bank or wage garnishment:
Please keep in mind that you can get an IRS wage or bank levy garnishment released usually within 24 hours of contact the Internal Revenue Service with all required documentation. You must know the system, as you know snow the phone numbers to call, and it helps if you know the exact time the call the Internal Revenue Service. Also very important you must keep a fax number to let IRS know who the releases to be sent to.
The Internal Revenue Service does not wish to take your money from a bank account work take your wages it only does so because taxpayers have not complied with federal and government regulations. It is used as a last resort and only because taxpayers have failed to contact the IRS because of the tax debt.
The IRS has certain procedures through their internal revenue manual that dictates what the next step will be systems before they will release a bank or wage garnishment notice.
They are as follows:
1.IRS will completely review your current financial statement,
2.IRS knows all your tax returns are filed, and after this is done,
3. IRS is willing to close your case off of the IRS enforcement computer and issue a notice of release of the wage or bank levy garnishment.
What You Should Do NOW:
It is in your best interest to contact a professional tax firm to set up a current tax strategy and exit strategy and to develop a plan to get your levy and wage garnishment immediate released.
The Internal Revenue Service will review your financial statement on form 433 a or 433F before they will make a determination on your case. It is their primary document they use to handle all open IRS collection cases.
The financial statement is the key. That is the single most important document that IRS looking for.
The filling out, the completion, and the sending out to Internal Revenue Service is the key to not only getting an immediate release of a bank levy or wage garnishment notice but settling and closing your case.
The Internal Revenue Service will make sure all documentation is received to make sure the correctness and accuracy of the financial statement.
IRS will also require for verification:
1. The last 3 to 6 months bank statements,
2 copies of pay stubs,
3. copies of all bills for the last 3 to 6 months, and,
4. more importantly they will evaluate your current living expenses to that against the national, regional and local standards.
IRS will evaluate your house and utility expenses, your car expenses, your medical expenses, and any monthly bills that you have.
All bills in expenses must be within the IRS current standards to be acceptable to the Internal Revenue Service.
The bottom line, IRS will review your current financial statement and usually make one of three determinations on how they will close your case off the enforcement computer and at the same time issue a release of bank levy or a wage garnishment notice.
How IRS may close Your case:
Upon IRS receiving all the documentation on the financial statement IRS may determine to put you in:
1. a currently non-collectible hardship status,
2. ask you to enter into a monthly installment payment or,
3. maybe encourage you to file an offer in compromise because you meet certain qualifications to settle your tax debt to the offer in compromise program.
Call us today for a free initial tax consultation we will walk you through the process of getting an immediate release on your wage or bank levy garnishment. Please come by to visit our offices, call us by Skype, or call us for initial free phone consultation.
As a general within 24 hours of receiving your current financial statement we can get an IRS wage or bank levy garnishment released immediately.
Please feel free to ask us about our Christian faith when you call. Since 1982 we have been serving the Christian community nationwide.
Get IRS To Release Bank, Wage Garnishment Levy & Settle NOW + Christian Tax Debt Company + Buckhead, Morningside/Lenox Park, Virginia-Highland, Candler Park, Midtown, Inman Park, Poncey-Highland.
by Fresh Start Tax | Dec 10, 2018 | Tax Help
We are the premier Christian tax firm that provides nationwide tax services for all those having a season of debt issues.<><
We provide full representation for anybody, business or corporation that have IRS or state tax problems.
From receiving a basic notice or letter, to having a seizure of your property, bank or wage garnishment levies we handle it all.
We are staffed with CPAs, enrolled agents, former IRS agents, managers and teaching instructors.
We have over 200 years of total tax experience in over 100 years of working directly with IRS. When you call please feel free to ask us about our faith. <><
We are true experts for any IRS or state tax problem that you have.
Since 1982 we have been working with Christians across the United States to resolve their IRS and state tax problems.
Call us for a free initial tax consultation and we can help you with any problem you have such as with an IRS bank levy, wage levy garnishment, going through an IRS tax audit need to file an offer in compromise to settle your tax debt or need to file back tax returns we can do it all.
We are a Christian professional tax firm practicing since 1982 and we are staffed with true Christian tax professionals all along the IRS and state tax vertical.
Proverbs 12:15
The way of a fool is right in his own eyes, but a wise man listens to advice.
Proverbs 11:14
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Proverbs 15:22
Without counsel plans fail, but with advisers they succeed.
IRS Tax Debt Help
We can help you in any area such as the offer in compromise to settle back tax debt, levies release, if the IRS has seized money from your bank or wages we can get your money back within 24 hours and we can also represent you in any IRS or state tax matter.
We do work in all 50 states and are true experts for IRS and state taxation issues.
Tax Returns
We can prepare any back tax returns without records and settle your tax debt at the same time if necessary.
Please feel free when you call us to ask us about our faith.
You’ll hear the truth as we have helped countless thousands of people since 1982 resolve their IRS or state tax issue.
We are a full-service accounting, bookkeeping and tax defense firm keeping the highest standards, quality personnel and a biblical base practice.
If you have received an IRS bank or wage garnishment levy within 24 hours of receiving your current documented financial statement we can get your levy released in your case closed.
If you are going through an IRS tax audit, we can have former IRS agent audit managers represents you to ensure you will pay the least amount of tax allowed by law.
If you need to file back tax returns, our staff of qualified former IRS agents can ensure you will pay no more than your fair share.
Please call us today for a free initial tax consultation and find out the truth, blessings.<><
Christian IRS Debt Problems + Levies, Liens, Audits, Settlements, Filing Back Tax Returns + IRS Tax Help + Buckhead + Morningside/Lenox Park, Virginia-Highland, Candler Park, Midtown, Inman Park, Poncey-Highland.
by Fresh Start Tax | Dec 10, 2018 | Tax Help
Michael Sullivan IRS/State Tax Debt Expert, File & Settle Your Tax Debt all At the Same Time <>< Christian IRS Tax Experts
We are a Christian tax firm that specializes in the offer in compromise in the various ways to settle your back tax debt with the Internal Revenue Service and State of Georgia.<><
Proverbs 12:15
The way of a fool is right in his own eyes, but a wise man listens to advice.
Proverbs 11:14
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
I am a former IRS agent and teaching instructor with the Internal Revenue Service.
When I was employed by the Internal Revenue Service I work the offer in compromise program. there are three general programs to settle your tax debt, the offer in compromise, the payment agreement and the hardship program but before IRS accepts any of these programs you must have all your tax returns filed and up-to-date.
We can prepare all back tax returns with or without records get them on the IRS computer and settle your tax debt all at the same time.
As a result, we know all the inside secrets the methodologies and all the back tax programs to settle back taxes available.
Not only did I accept and reject offers in compromise, I was also a teaching instructor at the service center to help qualified revenue officers decide which offers to accept and reject.
Given the above information, I can tell you I am a true expert for the IRS offer in compromise and I wish to explain to you whether an offer in compromise is a viable option for you.
Due to social media, marketing and advertising the assumption by the general public is that IRS can settle tax debt for pennies on the dollar.
Let me first let you know that IRS does accept offers in compromise and as a matter of fact last year approximately 32,000 offers in compromise were accepted out of the 78,000 that were filed.
That number varies from year to year but the percentages usually remain the same of acceptability.
The average settlement was $9500 per case but remember that is just an average in not everybody can settle their tax debt for $9500.
There is much information you need to know before you go off filing an offer of compromise and giving your money to some firm to try to pull off some amazing trick because you have been sold a bill of goods and bought in to some marketing ploy and they’ve convinced you are a settlement candidate.
The IRS Process:
It first starts with the review of your personal financial statement which is found on the 433 OIC.
When the offer in compromise gets sent in to the Internal Revenue Service it is met with the reviewer that make sure that you are truly qualified candidate for the offer in compromise program.
That reviewer checks the completed form to make sure it is a valid agreement. The offer in compromise is a legal document between you and the Internal Revenue Service.
If IRS were to accept the offer and the next day you win the lottery the accepted offer still stands.
Also reviewer make sure that all the documentation is attached so that the revenue officer who will work your offer in compromise can move forward.
Approximately one-third of all offers in compromise are sent back to the taxpayer because the offers are not filled out correctly or the appropriate documentation is not attached.
IRS will check to make sure all your tax returns are current and filed on the IRS system.It is critically important you know that you must have all tax returns filed before IRS will process your offer.
You should know that the Internal Revenue Service rejects an offer before it accepts an offer. one of the basic rules is that the revenue officer is lazy and is easier to mark rejected then they go through all the work of accepting an offer in compromise.
I should know this is a former instructor of the offer in compromise I see many revenue officers simply send offers back because some of the eyes were not dotted in the T’s were not crossed.
Due to the volume of cases the IRS has, which is over 7500 cases waiting in the IRS Q, is far easier for the IRS to say no then to accept because an average of anywhere between 20 and 40 hours are spent on accepting the offer in compromise.
If you have an offer in compromise accepted, four signatures are generally required for signature as it goes up and down the chain.
So how do you know if the offer in compromise is right for you. Call for a free initial tax consultation and hear the truth from a true IRS tax debt settlement former agent.
The first place to go is to fill out the IRS pre-qualifier tool for the offer in compromise. Because of so many scrupulous tax companies that have been ripping people off, the IRS wanted to make sure the general public has a tool that they can use to find out if they are prequalified to file the offer in compromise to make sure it is a viable option.
It contains all the necessary information in regard to your income, your expenses and your assets and it predetermined for you whether the offer in compromise is even a viable option for you.
IRS will take a very close look at the liquidity of your assets, your current income, and your monthly expenses before it renders a decision as IRS wants to make sure it collects all the money from you that they can within the 10 year statutory period of time.
One of the questions the agent will want to consider is, can we collect more money over 10 years than accept the current agreement on the table for the IRS offer in compromise.
As a general rule, you will have to give IRS your total liquidity of all your assets before they will even consider the acceptance of an offer in compromise.
IRS on larger dollar cases is a tremendous amount of due diligence.
The IRS has a wealth of information on the various computers they can use to dig and find assets or income.
Why? you may ask is because all offers in compromise are open for public inspections at eight regional offices throughout the United States.
Your offer in compromise must be thoroughly documented which includes all your bank statements for the last six months to a year, all your pay stubs, all your monthly expenses along with certain documentation for assets that have value.
IRS also takes a look at the values of your pensions, your IRA, your business as well.
The offer in compromise is one of the most reviewed documents, it is like going through a mini audit.
Some of the due diligence that IRS will conduct on a larger dollar cases is checking Google, the accurate search engine, Department of Motor Vehicles, real estate records, insurance policies, credit reports, loan applications, insurance policies, and inter-government agency records including those garnered by Homeland security and other such agencies.
Before you contemplate filing the offer in compromise and wasting your money on a company that has promised you they can settle your case for pennies on the dollar, you would be wise to give us a call to have an actual former IRS agent and teaching instructor of the offer in compromise give you the green light.
You should also know if an offer in compromise is not except that you have the right to appeal it and if the appeal is not accepted you can file an offer at a later time.
When you call our office you will speak to true IRS tax experts who knows the system and can tell you what to expect and tell you how to settle for the lowest amount possible.
When you call our office will review every single back tax program available, and generally there’s three the hardship program the payment agreement program and the most popular back tax program the offer in compromise which completely settles your IRS tax debt but you must be a candidate that fits the IRS criteria.
Call us today for a free initial tax consultation, you will hear nothing but the truth from former IRS agents who know and understand the methodologies of the offer in compromise to make sure it is right for you.
IRS/State Tax Debt Problem Experts + File & Settle + Christian Debt Experts + Buckhead, Morningside/Lenox Park, Virginia-Highland, Candler Park, Midtown, Inman Park, Poncey-Highland.
by Fresh Start Tax | Dec 10, 2018 | Tax Help
If you owe back taxes to the Internal Revenue Service/State of Georgia you have several options to resolve your back tax debt. As a former local IRS agent, here are your options for relief.<><
We can help with any IRS back tax relief problem including filing back taxes IRS tax levies, IRS tax audits, IRS notices, IRS appellate conferences.
There is nothing we cannot handle.
We are a true Christian tax firm that has been in the business of Christian tax debt relief since 1982.
Proverbs 11:14
A people falls through a lack of guidance, but victory comes through the counsel of many.
Proverbs 15:22
Plans fail without advice, but with many counselors they are confirmed.
As a former IRS agent I was a teaching instructor are the Atlanta service center. We are true experts for IRS and state tax relief and we are a Christian tax firm.
Millions of taxpayers owe back taxes every year to the Internal Revenue Service and best guess estimates show there’s anywhere between 5 to 10 million people who do not fully pay their income taxes when filed.
They generally fall into two categories of people, those who have not had sufficient withholding taken out or self-employed individuals who simply never made or did not have enough estimate payments made to the Internal Revenue Service to cover their tax debt.
Both find themselves on the short end of the stick when it comes to tax season.
Many of these taxpayers never bother to file a tax return when they find out they owe tax fearing the worst or retribution from the Internal Revenue Service.
Many of these people fear the IRS levy on their bank or their wages or the filing of a federal tax lien.
So, what do most of these people do, many put their head in the sand and don’t bother to go ahead and do anything about the inevitable debt.
However at some point in time they are going to have to deal with Uncle Sam and many will receive a nasty gram.
The fear is not as bad as people think. You have different options to resolve your IRS back tax debt and keep IRS out of your life and out of your back pocket.
Here are your different options if you owe back tax debt to the Internal Revenue Service.
About 6.5 million taxpayers a year make monthly installment agreements. Some of these can come in the form of online agreements. the ones do not fit the online agreement category must give IRS a current financial statement documented along with copies of pay stubs bank statements and they must understand the necessary living expense standards set up by Internal Revenue Service.
IRS will require a financial statement which is generally on a 433F to be fully reviewed fully documented before making a determination on allowing them to make an installment agreement.
Others simply cannot pay their back taxes and will ask IRS to be put in a hardship or are currently not collectible status. Those individuals going in the status must understand that the tax debt will be reviewed again in two or three years and penalties and interest will still run on the debt the entire time it is an uncollectible status.
Others can file for an offer in compromise to settle their tax debt for pennies on a dollar. With that said you must be a truly qualified candidate for the offer in compromise program.
As a former IRS agent, I was a teaching instructor for the offer and you must make sure you are a qualified candidate and not give your money to any firm unless you know you have a fair amount a chance to get your offer accepted
If you have any questions regarding owing back tax debt and the best way to resolve it based on your current financial statement please call us today for a free initial tax consultation and we will review with you the various programs IRS has in detail so you fully understand what the best option for you based on your current financial conditions.
If you are hiring a tax firm or a tax defense resolution company to represent you make sure they have former IRS agents on staff.
Check the Better Business Bureau records find out the length of time they been in business and check out the complaint history. Do your due diligence.
And lastly speak to the person who may be working your case.
Call us today for a free initial tax consultation and hear the truth about owing back taxes to the IRS or state.
Please feel free to ask us about our faith.<><
Christian IRS/State Tax Help + Settlements, Tax Debt, Representation, Problems, Unfiled Returns + Buckhead, Morningside/Lenox Park, Virginia-Highland, Candler Park, Midtown, Inman Park, Poncey-Highland.
