by Fresh Start Tax | Oct 1, 2018 | Tax Help
There different ways to deal with the Internal Revenue Service. As former IRS agents, managers and teaching instructors we know all the options.
On staff is a CPA – Tax Attorney.
We are A+ rated nationwide tax firm that has years of experience and thousands of cases under our belt.
Also on staff as a former IRS revenue officer who worked, taught and accepted offers in compromise for IRS tax settlement tax relief. We are the affordable tax experts nationwide who been practicing since 1982.
We have 206 years of professional tax experience in over 100 years of working directly for the Internal Revenue Service and the local South Florida IRS offices.
Tax Return Note:
All tax returns must be filed before IRS will close your case.
We can file all back taxes as well. whether you have records or not we can pull IRS transcripts and reconstruct your tax returns. Being former IRS agents we are experts in reconstruction. You should also know that if you do not file a tax return IRS can prepare your return under 6020 B of the Internal Revenue Code and you will pay the most allowed by IRS law.
The Internal Revenue Service keeps all cases open and uses collection enforcement action to make sure all tax returns are filed.
There is a very exacting process to eliminate your IRS problem and we know the system. We will walk through all the programs to see what programs you qualify.
We can go over all your options to qualify for IRS tax relief.
Different Available Options
If you have balance due on back taxes and are looking to set up a payment agreement, file firm offer in compromise to settle your back tax debt or you need to file back tax returns, call us today for a free initial tax consultation.
How does IRS dispose of Tax Debt Cases for Back Tax Relief ?
The 5 ways or programs for IRS Tax Debt, the most common:
1. By Payment in full,
2. By monthly Payments,
3. By the Acceptance of an offer in compromise, (this is how your completely eliminate the tax debt)
4. By statue expiration. (this is how your completely eliminate the tax debt).Please keep in mind the normal statue of limitations is 10 years from the date of assessment.
5. For those who cannot pay their debt IRS has a non-collectible or hardship program. Please keep in mind these hardship programs last about two or three years before IRS renews them and sends the case back out for financial review.
Upon your initial free tax consultation we will walk through the various programs and let you know the easiest way to resolve your back tax debt to give you true IRS tax relief.
We will carefully review all options with you so you understand the process.
The most important aspect of working tax debt cases is completely dependent on the individual or business financial statements.It is the most important factor. The key to success is understanding how the Internal Revenue Service will interpret your current financial statement.
Your current documented financial statement determines all. IRS generally uses the last six months for an indicator of how they will close your current tax obligation case.
IRS uses a very simple formula to determine their settlement process.
When you call our office we will explain the process and the system to you.
It is all about your assets and your income and your current necessary living expenses. There is a very specific formula.
IRS only allows certain expenses that are considered necessary living expenses. For more, you can look to the necessary standards used by the Internal Revenue Service.
There are charts available on what IRS allows. Anything not on those charts are disallowed and this is what trips out most taxpayers.
A simple review of your current financial statement and we can let you know the different programs you may be eligible for.
You will need to complete form 433F or form 433A for us to make a current determination. IRS will only use their financial statements. You must turn in a completely accurate financial statement.
It is critically important to know that you cannot pay less taxes unless you qualify for the offer in compromise program.
IRS has a very specific formula that they use to compute the offer in compromise. The reason they do this is so everyone across the United States is treated fairly.
The only way you can pay less tax is through the offer in compromise program. There is also an IRS pre-qualifier form.
I have over 40 years in this industry and it is critical if you want to settle your tax debt for the lowest possible amount you should go to true tax professionals.
Also, beware that many times the Internal Revenue Service want to make sure you are current in your withholding tax or your estimated tax payments are they will not close your work your case until you become fully compliant.
We have been in this industry for a long time there are many good companies in as many bad tax settlement service companies. For you to evaluate in IRS tax settlement service company you must ask to speak directly to the person who will be working your case.
Generally, when you call a tax services company, you are speaking to what is called a closer. That person is a salesman and will actually bill you and charge you for the services then your case gets passed down the line.
When you call fresh start tax, you will speak directly to the person who works your case and that person can give you a true evaluation on how and if IRS will accept an IRS tax settlement .
All IRS tax settlement service firms and companies are different. Check out the BBB rating and make sure you have a true tax professional working your case.
I suggest you always hire someone who’s worked at the IRS because they are aware of the methodologies required to get your offer in compromise through the system.
Other ways to Solve Back IRS Taxes Debt or Back Tax Issues, You will qualify for different types of relief.
As a general rule, you may apply for hardships, payment agreements or settle for an offer in compromise to settle your debt for pennies on the dollar.
We will review with you your financial statement and let you know what the lowest possible settlement IRS will accept.
40% of all persons that owe back taxes are an issue into a hardship or are currently not collectible status and 6.5 million taxpayers enter into annual payment agreements.
With these programs you will not pay less tax. These programs are designed to keep IRS off your back.
The other way to pay less tax is for the ten-year statute of limitation to run out and your debt will be written off by the Internal Revenue Service.
If you want to file an offer in compromise I thought you’d like to know what the statistics are.
Last year over 78,000 offers in compromise/IRS tax debt settlement were filed by taxpayers and over 38% of those were accepted for an average of $6500 per case. Approximately 40,000 taxpayers last year paid less tax.
At the current time, there are 7500 cases in the offer queue. The average wait time is nine months. There are not enough IRS employees to work the current inventory.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement.
We will not file for an offer in compromise unless you are a true candidate for the program. You must qualify.
There is a pre-qualifier tool to find out if you are a settlement candidate for income or business tax debt.
Upon your initial tax consultation, we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service.
Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program. However, this program is not for everybody.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
There are many firms that take your money and then let you know after the fact you are not qualified. you need to know beforehand whether you have a fighting chance.
Being a former IRS agent employee gives you a huge advantage of having the review your offer in compromise to settle your tax debt.
At our firm, we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlements.
The Offer in Compromise + Through the New Fresh Start Tax Initiative
If you have any questions or issues about the offer in compromise program to settle or negotiate your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise.
It is possible for the IRS to spend over 20-40 hours working an offer in compromise.
IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses.
You want to make sure you are accurate and truthful on your financial statement.
The higher the dollar case the greater the due diligence. Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
Beginning immediately,
The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. The internal revenue service will immediately reject your offer in compromise. Any fees included with the OIC will also be returned.
This new policy does not apply to current year tax returns if there is a valid extension on the file.
When IRS determines that they will settle with you, IRS will consider 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.
Right now that is approx. 9 months
Make sure you are eligible for the offer in compromise to settle your back IRS tax debt.
Before 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.
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submit your offer in compromise to settle your IRS tax debt
You’ll find step-by-step instructors and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). Your completed offer package will include:
• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
• $186 application fee (non-refundable); and
• Initial payment (non-refundable) for each Form 656.
Select a payment option on an IRS offer settlement
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:(most common)
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 to settle your tax debt on an IRS settlement offer to pay less tax. Please keep in mind this program is not for everyone.
While your offer to pay less taxes 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;
• Other collection activities are 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; 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 for free initial tax consultation and speak to a true IRS tax expert who will walk you through the process of how to negotiate with IRS over back taxes and see if you qualify to pay less taxes for an IRS tax settlement . You will hear the truth from true IRS tax experts.
With over 200 years of dealing in IRS tax , we know every system that IRS can have and we can manage your case effectively.
IRS Tax Settlement Attorneys + IRS Tax Relief + Affordable Experts
by Fresh Start Tax | Sep 28, 2018 | Tax Help
Need Help With IRS DEBT? The Affordable Tax Specialists
Hear the Truth Right Now, Since 1982, Affordable Tax Experts
It only makes sense to hire IRS tax attorneys, and former IRS agents managers and tax instructors to provide the best tax relief options.
We have over 100 years of direct IRS work experience in the local South Florida IRS offices and know every format and methodology to give you the most success for IRS debt and tax relief options.
We will review with you the various examinations to help, get rid of, relieve or eliminate you of your current IRS Tax Debt obligations on IRS Back Taxes.
We can file all back taxes as well. All tax returns must be filed before IRS will close your case. IRS uses different collection methods to make sure all tax returns are filed.
An important note of interest is if you do not file your tax returns IRS may file them under 6020 B of the Internal Revenue Code. IRS conducts matching programs of W-2s and 1099s and if your tax return is not on the system they can process your tax return and you will pay the highest amount allowed by law.
Most tax returns prepared under 6020 B will have to be refiled or you will have to ask for an IRS audit reconsideration because most all are wrong.
There is a very exacting process to eliminate your IRS problem and we know the system.
We will review with you their definitive process so you understand exactly how IRS is going to resolve your case.
We will walk through all the programs to see what programs you qualify. We can go over all your options to qualify for relief.
We are an Affordable professional tax firm that can offer you a free initial tax consultation and walk you through the process if you have a back balance due the Internal Revenue Service.
If you have balance due on back taxes and are looking to set up a payment agreement, file firm offer in compromise to settle your back tax debt or you need to file back tax returns, call us today for a free initial tax consultation.
FST IRS Experience:
We have worked out of the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS Experts in the area of IRS tax settlement services.
We also have on staff the CPA tax attorney.
We have over 206 years of professional tax experience and over 95 years of working directly for the Internal Revenue Service we are true tax Experts that understand all the methodologies to resolve your IRS problem.
How does IRS close out Tax Debt Cases for Back Taxes?
The 5 ways or programs for IRS Tax Debt
1. By Payment in full,
2. By monthly Payments,
3. By the Acceptance of an offer in compromise, (this is how your completely eliminate the tax debt)
4. By statue expiration. (this is how your completely eliminate the tax debt)
5. For those who cannot pay their debt IRS has a non-collectible or hardship program.Sometimes this program is called currently not collectible. IRS can kick out your case and then review it in 2 to 3 years.
Upon your initial free tax consultation we will walk through the various programs and let you know the easiest way to resolve your back tax debt.
The most important aspect of working tax debt cases is completely dependent on the individual or business financial statements.It is the most important factor.
Your current documented financial statement determines all.
IRS uses a very simple formula to determine their settlement process. When you call our office we will explain the process and the system to you.
It is all about your assets and your income and your current necessary living expenses. There is a very specific formula.
IRS only allows certain expenses that are considered necessary living expenses. For more, you can look to the necessary standards used by the Internal Revenue Service.
There are charts available on what IRS allows. Anything not on those charts are disallowed and this is what trips out most taxpayers.
A simple review of your current financial statement and we can let you know the different programs you may be eligible for.
You will need to complete form 433F or form 433A for us to make a current determination.
IRS will only use their financial statements. You must turn in a completely accurate financial statement. You do not want to perjure yourself on any IRS or government financial statement.
It is critically important to know that you cannot pay less taxes unless you qualify for the offer in compromise program.
IRS has a very specific formula that they use to compute the offer in compromise. IRS also has a pre-qualifier tool.
The only way you can pay less tax is through the offer in compromise program. There is also an IRS pre-qualifier form.
I have over 40 years in this industry and it is critical if you want to settle your tax debt for the lowest possible amount you should go to true tax professionals.
Important information from the IRS
If you need help with your tax preparation call us and we can have a staff of Experts accountants and tax preparers complete all returns with or without records.
Also, beware that many times the Internal Revenue Service want to make sure you are current in your withholding tax or your estimated tax payments are they will not close your work your case until you become fully compliant.
Beware of IRS tax settlement services companies. Many have checkered pasts.
We have been in this industry for a long time there are many good companies in as many bad tax settlement service companies. For you to evaluate in IRS tax settlement service company you must ask to speak directly to the person who will be working your case.
Generally, when you call a tax services company, you are speaking to what is called a closer. That person is a salesman and will actually bill you and charge you for the services then your case gets passed down the line.
When you call fresh start tax, you will speak directly to the person who works your case and that person can give you a true evaluation on how and if IRS will accept an IRS tax settlement .
All IRS tax settlement service firms and companies are different. Check out the BBB rating and make sure you have a true tax professional working your case.
I suggest you always hire someone who’s worked at the IRS because they are aware of the methodologies required to get your offer in compromise through the system.
Other ways to Solve Back IRS Taxes Debt or Back Tax Issues, You will qualify for different types of relief.
These are your Options for back IRS tax relief.
As a general rule, you may apply for hardships, payment agreements or settle for an offer in compromise to settle your debt for pennies on the dollar.
We will review with you your financial statement and let you know what the lowest possible settlement IRS will accept. 40% of all persons that owe back taxes are an issue into a hardship or are currently not collectible status and 6.5 million taxpayers enter into annual payment agreements.
With these programs you will not pay less tax. These programs are designed to keep IRS off your back.
The other way to pay less tax is for the ten-year statute of limitation to run out and your debt will be written off by the Internal Revenue Service.
If you want to file an offer in compromise I thought you’d like to know what the statistics are.
Last year over 78,000 offers in compromise/IRS tax debt settlement were filed by taxpayers and over 38% of those were accepted for an average of $6500 per case. Approximately 40,000 taxpayers last year paid less tax.
At the current time, there are 7500 cases in the offer queue. The average wait time is nine months. There are not enough IRS employees to work the current inventory.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement.
We will not file for an offer in compromise unless you are a true candidate for the program. You must qualify.
There is a pre-qualifier tool to find out if you are a settlement candidate for income or business tax debt.
Upon your initial tax consultation, we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service.
Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program. However, this program is not for everybody.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
There are many firms that take your money and then let you know after the fact you are not qualified. you need to know beforehand whether you have a fighting chance. Being a former IRS agent employee gives you a huge advantage of having the review your offer in compromise to settle your tax debt.
At our firm, we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlement s.
The Offer in Compromise + Through the New Fresh Start Tax Initiative now provide by the IRS.
If you have any questions or issues about the offer in compromise program to settle or negotiate your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise.
It is possible for the IRS to spend over 20-40 hours working an offer in compromise.
IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses.
You want to make sure you are accurate and truthful on your financial statement.
The higher the dollar case the greater the due diligence. Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
Beginning immediately by the IRS:
The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. The internal revenue service will immediately reject your offer in compromise. Any fees included with the OIC will also be returned.
This new policy does not apply to current year tax returns if there is a valid extension on the file.
When IRS determines that they will settle with you, IRS will consider your unique set of facts and circumstances.Keep in mind IRS is not limited in this but these are the major factors for settlements.
• 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.
Right now that is approx. 9 months
Make sure you are eligible for the offer in compromise to settle your back IRS tax debt.
Before 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. aAd just so you know certain taxes or discharge in a bankruptcy proceeding.
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submit your offer in compromise to settle your IRS tax debt
You’ll find step-by-step instructors and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). Your completed offer package will include:
• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
• $186 application fee (non-refundable); and
• Initial payment (non-refundable) for each Form 656.
Select a payment option on an IRS offer settlement
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.
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 to settle your tax debt on an IRS settlement offer to pay less tax
While your offer to pay less taxes 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;
• Other collection activities are 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; 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 for free initial tax consultation and speak to a true IRS tax expert who will walk you through the process of how to negotiate with IRS over back taxes and see if you qualify to pay less taxes for an IRS tax settlement.
When you call our office you will hear the truth. The local tax experts for those owing back IRS taxes.
With over 200 years of dealing in IRS tax problems, we know every system that IRS can have and we can manage your case effectively.
Need help with IRS back taxes, call us today and speak to tax attorneys or former IRS agents who specialize in the offer and compromise and know the system.
NEED HELP WITH IRS BACK TAX DEBT + IRS TAX ATTORNEYS + Ft.Lauderdale, Miami, Boca Raton, Palm Beaches, Aventura
by Fresh Start Tax | Sep 28, 2018 | Tax Help
Need Help With IRS DEBT? Hear the Truth Right Now, Since 1982
It only makes sense to hire IRS tax attorneys, and former IRS agents managers and tax instructors to provide the best tax relief options.
We have over 100 years of direct IRS work experience in the local IRS offices and know every format and methodology to give you the most success for IRS debt and tax relief options.
We will review with you the various examinations to help, get rid of, relieve or eliminate you of your current IRS Tax Debt obligations on IRS Back Taxes.
We can file all back taxes as well. All tax returns must be filed before IRS will close your case. IRS uses different collection methods to make sure all tax returns are filed.
An important note of interest is if you do not file your tax returns IRS may file them under 6020 B of the Internal Revenue Code.
There is a very exacting process to eliminate your IRS problem and we know the system. IRS does not leave their system of resolution up in the year. We will review with you their definitive process so you understand exactly how IRS is going to resolve your case.
We will walk through all the programs to see what programs you qualify. We can go over all your options to qualify for relief.
We are an Affordable professional tax firm that can offer you a free initial tax consultation and walk you through the process if you have a back balance due the Internal Revenue Service.
If you have balance due on back taxes and are looking to set up a payment agreement, file firm offer in compromise to settle your back tax debt or you need to file back tax returns, call us today for a free initial tax consultation.
FST IRS Experience:
We have worked out of the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS Experts in the area of IRS tax settlement services. We also have on staff the CPA tax attorney.
We have over 206 years of professional tax experience and over 95 years of working directly for the Internal Revenue Service we are true tax Experts that understand all the methodologies to resolve your IRS problem.
How does IRS close out Tax Debt Cases for Back Taxes?
The 5 ways or programs for IRS Tax Debt
1. By Payment in full,
2. By smoothly Payments,
3. By the Acceptance of an offer in compromise, (this is how your completely eliminate the tax debt)
4. By statue expiration. (this is how your completely eliminate the tax debt)
5. For those who cannot pay their debt IRS has a non-collectible or hardship program.Sometimes this program is called currently not collectible. IRS can kick out your case and then review it in 2 to 3 years.
Upon your initial free tax consultation we will walk through the various programs and let you know the easiest way to resolve your back tax debt.
The most important aspect of working tax debt cases is completely dependent on the individual or business financial statements.It is the most important factor.
Your current documented financial statement determines all.
IRS uses a very simple formula to determine their settlement process. When you call our office we will explain the process and the system to you.
It is all about your assets and your income and your current necessary living expenses. There is a very specific formula.
IRS only allows certain expenses that are considered necessary living expenses. For more, you can look to the necessary standards used by the Internal Revenue Service.
There are charts available on what IRS allows. Anything not on those charts are disallowed and this is what trips out most taxpayers.
A simple review of your current financial statement and we can let you know the different programs you may be eligible for.
You will need to complete form 433F or form 433A for us to make a current determination. IRS will only use their financial statements. You must turn in a completely accurate financial statement.
It is critically important to know that you cannot pay less taxes unless you qualify for the offer in compromise program.
IRS has a very specific formula that they use to compute the offer in compromise. IRS also has a pre-qualifier tool.
The only way you can pay less tax is through the offer in compromise program. There is also an IRS pre-qualifier form.
I have over 40 years in this industry and it is critical if you want to settle your tax debt for the lowest possible amount you should go to true tax professionals.
Important information from the IRS
If you need help with your tax preparation call us and we can have a staff of Experts accountants and tax preparers complete all returns with or without records.
Also, beware that many times the Internal Revenue Service want to make sure you are current in your withholding tax or your estimated tax payments are they will not close your work your case until you become fully compliant.
Beware of IRS tax settlement services companies. Many have checkered pasts.
We have been in this industry for a long time there are many good companies in as many bad tax settlement service companies. For you to evaluate in IRS tax settlement service company you must ask to speak directly to the person who will be working your case.
Generally, when you call a tax services company, you are speaking to what is called a closer. That person is a salesman and will actually bill you and charge you for the services then your case gets passed down the line.
When you call fresh start tax, you will speak directly to the person who works your case and that person can give you a true evaluation on how and if IRS will accept an IRS tax settlement .
All IRS tax settlement service firms and companies are different. Check out the BBB rating and make sure you have a true tax professional working your case.
I suggest you always hire someone who’s worked at the IRS because they are aware of the methodologies required to get your offer in compromise through the system.
Other ways to Solve Back IRS Taxes Debt or Back Tax Issues, You will qualify for different types of relief.
These are your Options for back tax relief.
As a general rule, you may apply for hardships, payment agreements or settle for an offer in compromise to settle your debt for pennies on the dollar.
We will review with you your financial statement and let you know what the lowest possible settlement IRS will accept. 40% of all persons that owe back taxes are an issue into a hardship or are currently not collectible status and 6.5 million taxpayers enter into annual payment agreements.
With these programs you will not pay less tax. These programs are designed to keep IRS off your back.
The other way to pay less tax is for the ten-year statute of limitation to run out and your debt will be written off by the Internal Revenue Service.
If you want to file an offer in compromise I thought you’d like to know what the statistics are.
Last year over 78,000 offers in compromise/IRS tax debt settlement were filed by taxpayers and over 38% of those were accepted for an average of $6500 per case. Approximately 40,000 taxpayers last year paid less tax.
At the current time, there are 7500 cases in the offer queue. The average wait time is nine months. There are not enough IRS employees to work the current inventory.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement.
We will not file for an offer in compromise unless you are a true candidate for the program. You must qualify.
There is a pre-qualifier tool to find out if you are a settlement candidate for income or business tax debt.
Upon your initial tax consultation, we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service.
Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program. However, this program is not for everybody.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
There are many firms that take your money and then let you know after the fact you are not qualified. you need to know beforehand whether you have a fighting chance. Being a former IRS agent employee gives you a huge advantage of having the review your offer in compromise to settle your tax debt.
At our firm, we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlement s.
The Offer in Compromise + Through the New Fresh Start Tax Initiative now provide by the IRS.
If you have any questions or issues about the offer in compromise program to settle or negotiate your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise.
It is possible for the IRS to spend over 20-40 hours working an offer in compromise.
IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses.
You want to make sure you are accurate and truthful on your financial statement.
The higher the dollar case the greater the due diligence. Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
Beginning immediately b y the IRS:
The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. The internal revenue service will immediately reject your offer in compromise. Any fees included with the OIC will also be returned.
This new policy does not apply to current year tax returns if there is a valid extension on the file.
When IRS determines that they will settle with you, IRS will consider your unique set of facts and circumstances.Keep in mind IRS is not limited in this but these are the major factors for settlements.
• 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.
Right now that is approx. 9 months
Make sure you are eligible for the offer in compromise to settle your back IRS tax debt.
Before 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.
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submit your offer in compromise to settle your IRS tax debt
You’ll find step-by-step instructors and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). Your completed offer package will include:
• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
• $186 application fee (non-refundable); and
• Initial payment (non-refundable) for each Form 656.
Select a payment option on an IRS offer settlement
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:(most common)
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 to settle your tax debt on an IRS settlement offer to pay less tax
While your offer to pay less taxes 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;
• Other collection activities are 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; 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 for free initial tax consultation and speak to a true IRS tax expert who will walk you through the process of how to negotiate with IRS over back taxes and see if you qualify to pay less taxes for an IRS tax settlement.
When you call our office you will hear the truth. The local tax experts for those owing back IRS taxes.
With over 200 years of dealing in IRS tax problems, we know every system that IRS can have and we can manage your case effectively.
NEED HELP WITH IRS DEBT + IRS TAX ATTORNEYS + TAX RELIEF OPTIONS
by Fresh Start Tax | Sep 27, 2018 | Tax Help
File Back Tax Returns or IRS Will File For You, Not good For You!
We are local tax experts to help you if you need to file back tax years. We worked on the local South Florida IRS offices, since 1982 we have been helping taxpayers file their back years and settle their cases all at the same time.
Free tax consultations available from true tax experts that only takes a second to find out the truth.
We have worked thousands of cases and are true experts in the matter of IRS issues, settlements, appeals, back tax return filing and all other avenues of problems.
One of the most common problems that we see in our practice is that individuals and businesses failing to file back tax returns.
At some point in time like a rubber band stretching it comes back to bite. Over 5 million taxpayers a year are guilty and need to file these back tax returns. Please keep in mind IRS will finally find you I know because I am a former IRS agent.
Because there is so much work that IRS has, it does not necessarily catch up with the taxpayer, business or corporation immediately but a couple of years later matching programs are put in place by the Internal Revenue Service and a series of letters get sent out asking the taxpayer, individuals or businesses or corporations to file back tax returns.
Many entities just do nothing and like an ostrich stick their head in the sand.You take this approach at your own peril.
IRS loves those type responses. They send out a series of letters and then Internal Revenue Service takes out the hammer and sends their series of enforcement actions out to the taxpayer entity to take control of the case.
If you push IRS too far, IRS will file federal tax liens, send out bank levy garnishments make seizures and starting to take control of your financial life.
If you have not filed back tax returns call us today. We can stop the Internal Revenue Service, file your back tax returns and settle your case all at the same time.
What happens if I don’t have records? No problem. No worries.
If you do not have records to file your back tax returns we can prepare your tax returns based on reconstructive methods.
We know how to do this because were former IRS agents and we can make sure you pay the lowest amount allowed by law.
Keep in mind the Internal Revenue Service can file your tax return for you and make sure you pay the highest amount allowed by law by enforcing the IRS code section 6020 B of the IRC.
IRS 6020b
(a) Preparation of return by Secretary
If any person shall fail to make a return required by this title or by regulations prescribed thereunder, but shall consent to disclose all information necessary for the preparation thereof, then, and in that case, the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.
(b) Execution of return by Secretary
(1) Authority of Secretary to execute return
If any person fails to make any return required by any internal revenue law or regulation made thereunder 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.
(2) Status of returns
Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.
If you need help call us today and speak to true IRS tax experts
You will never have to speak to the Internal Revenue Service. We handle all communications, filing of tax returns and working out tax settlements favorable to all our clients.
When you call our office shall speak to a true IRS tax professional.
Need to File Back Tax Years Tax Returns + Ft.Lauderdale, Miami, Palm Beaches, Boca Raton, Aventura
by Fresh Start Tax | Sep 27, 2018 | Tax Help
We have worked thousands of cases and are true experts in the matter of IRS issues, settlements, appeals, back tax return filing and all other avenues of problems.
One of the most common problems that we see in our practice is that individuals and businesses failing to file back tax returns.
At some point in time like a rubber band stretching it comes back to bite. Over 5 million taxpayers a year are guilty and need to file these back tax returns. Please keep in mind IRS will finally find you I know because I am a former IRS agent.
Because there is so much work that IRS has, it does not necessarily catch up with the taxpayer, business or corporation immediately but a couple of years later matching programs are put in place by the Internal Revenue Service and a series of letters get sent out asking the taxpayer, individuals or businesses or corporations to file back tax returns.
Many entities just do nothing and like an ostrich stick their head in the sand.
IRS loves those type responses. They send out a series of letters and then Internal Revenue Service takes out the hammer and sends their series of enforcement actions out to the taxpayer entity to take control of the case.
If you push IRS too far, IRS will file federal tax liens, send out bank levy garnishments make seizures and starting to take control of your financial life.
If you have not filed back tax returns call us today. We can stop the Internal Revenue Service, file your back tax returns and settle your case all at the same time.
What happens if I don’t have records? No problem.
If you do not have records to file your back tax returns we can prepare your tax returns based on reconstructive methods.
We know how to do this because were former IRS agents and we can make sure you pay the lowest amount allowed by law.
Keep in mind the Internal Revenue Service can file your tax return for you and make sure you pay the highest amount allowed by law by enforcing the IRS code section 6020 B of the IRC.
IRS 6020b
(a) Preparation of return by Secretary
If any person shall fail to make a return required by this title or by regulations prescribed thereunder, but shall consent to disclose all information necessary for the preparation thereof, then, and in that case, the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.
(b) Execution of return by Secretary
(1) Authority of Secretary to execute return
If any person fails to make any return required by any internal revenue law or regulation made thereunder 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.
(2) Status of returns
Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.
If you need help call us today and speak to true IRS tax experts
You will never have to speak to the Internal Revenue Service. We handle all communications, filing of tax returns and working out tax settlements favorable to all our clients.
When you call our office shall speak to a true IRS tax professional.
File Back Tax Returns or IRS Will File For You + OUCH + 6020b IRC
by Fresh Start Tax | Sep 27, 2018 | Tax Help
Have you received an IRS notice or letter, CP 515. Get former IRS agents and managers to help stop IRS.
If you have back tax returns to file we can file those tax returns with or without records and settle with the Internal Revenue Service all at the same time.
Since 1982 we have been resolving individual tax problems.
CP515 Individuals Notice
The CP 515 letter is a notice sent out by the Internal Revenue Service asking to file a back tax return. is in the taxpayer’s best interest to contact Internal Revenue Service and make sure all their tax returns are filed.
If you have file tax returns you should contact IRS and let them know and send copies and if you haven’t you need to have a representative call IRS and straighten the problem out.
If you don’t under 6020 B of the Internal Revenue Code IRS can prepare your tax returns for you and you will pay the highest amount allowed by law.
Feel free to call us today and we will answer any questions you have or we can help resolve your problem and you will never have to speak to the Internal Revenue Service.Hear the truth by true IRS tax experts.
Answers to common questions
What should I do if I disagree with the notice?
Call us at the toll-free number on the top right corner of your notice. Please have your paperwork ready when you call. If you prefer, you can write to us using the notice’s response form. Enclose it in the envelope we’ve provided.
What should I do if I’ve just filed my tax return?
You don’t have to do anything if you filed your tax return within the last 8 weeks.
What should I do if I didn’t file my tax return or it’s been more than 8 weeks since I filed it?
Complete the response form from your notice. Check the name, Social Security number (SSN), and tax year on your notice. Make sure they match the name, SSN, and year on the return. Mail us a signed, dated copy of the tax return with the response form.
What happens if I cannot pay the full amount I owe when I file my return?
You can request a payment plan with us when you cannot pay the full amount you owe.
What if I need copies of my income information received by the IRS?
You can get copies by using the Get Transcript option available online.
IRS Notice Letter CP515 + Get Former IRS Agent Help and Stop IRS + File Back Tax Returns
