by Jim Magary | Feb 3, 2016 | Tax Help
Affordable Local Former IRS Agents & Managers who know the system, Since 1982. A plus Rated BBB, we get results.
Since 1982, we are a full service tax firm that specialize in IRS and state tax services.
As former IRS agents and managers we worked out of the local south Florida & Miami IRS offices. We can get immediate and permanent releases of an IRS bank or wage garnishment taxiway and settle your case all at the same time.
We taught out of the regional training centers of the Internal Revenue Service and we were on-the-job instructors.
We are one of the most experienced, professional and affordable tax firms in South Florida.
At Fresh Start Tax LLC :
1. All work is done in-house by true IRS tax experts,
2. We have over 206 years of professional tax experience,
3. We specialize in IRS tax problem help services,
4. We are one of the most experienced, trustworthy, and honest professional tax firm.
We can remove an IRS tax levy garnishment within 24 hours of receiving your current financial statement, talk to you about the removal of a federal tax lien, represent you during an IRS tax audit, file any and all back tax returns and talk you about the settlement of your tax debt through the offer in compromise.
From a simple IRS notice or letter to going to Tax Court, we have a IRS tax solution.
In most cases in which back taxes our owed, your financial statement is the key to tax resolution. Professional experience is key to resolving any tax problem.
Received a IRS Tax Levies, IRS Bank & Wage Garnishment
The Internal Revenue Service levies approximately 1.8 million taxpayers each and every year and this figure includes and bank & wage garnishments. IRS also files approximately 700,000 federal tax liens.
The IRS is very generous with their enforcement action.
If you have been levied you are not alone. There are systems to get immediate levy releases.
If you have not responded to an IRS final notice they systematically send out an IRS tax levy from their CADE2 computer system.
As a general rule, IRS sends out a series of billing notices to the last known address.
The IRS billing notices or five weeks apart. You must respond to final notices.
If you do not respond to the IRS last notice, the 1058, you can expect the tax lien or tax levy to show up within 30 days of receiving the notice.
IRS usually does not miss a follow-up date. All follow-up dates are systemically treated by the IRS collection computer. You cannot stop the IRS billing machine unless you call IRS and stumbling manually goes ahead and stops enforcement action.
Before IRS will release the levy many times they want all on file tax returns in their hand to make sure you are in full compliance.
The only cases in which IRS will not demand full compliance are hardship cases.
We can prepare all your back tax returns with or without records. We are tax experts for reconstruction of tax returns.
Before IRS will remove a tax levy or wage garnishment they will need a current and verifiable financial statement.
If the cases in the local office the revenue officer will require form 433a.
The revenue officer is a much more seasoned IRS agent and especially geared for higher dollar IRS collection cases.
Once we have your current verified financial statement in hand, we can usually get your tax levy or garnishment released within 24 hours.
The sooner you get a sure financial statement the sooner you get your money back from the Internal Revenue Service.
IRS usually closes an open collection case by putting a case into a:
1. tax hardship, this is also called currently not collectible, over 40% of all outstanding IRS back taxes are put in the status, keep in mind they are only placed in their for one or two years.
2. having a taxpayer into a monthly installment agreement, over 6.5 million taxpayers have yearly installment agreements.
3. telling them they may qualify for an offer in compromise your tax debt settlement.
Offer in Compromises are very tricky and should only be turned in by true tax professionals. IRS is very strict about their offer process.
Right now there are over 7500 cases sitting in the queue. anyone wishing to file an offer in compromise should walk to the pre-qualifier tool to make sure they are an eligible candidate so they don’t waste time and money.
Please remember your current financial statement will determine the outcome of your case therefore it is critical to have a tax professional complete the financial information.
If you have back tax returns to file, you can have former IRS agents ensure that you are paying the lowest amount of tax allowed by law.
IRS Offer in Compromise/ IRS Tax Debt
If you wish to settle your tax debt, we can have former IRS revenue officers who worked the offer in compromise program settle your tax debt if and only if you were a true candidate for a tax debt settlement called an offer in compromise.
We do not file an offer in compromise for a tax debt settlement unless you are a qualified candidate.
IRS Tax Debt Settlements, Offer in Compromise
Approximately 38% of all taxpayers who file an offer in compromise get accepted by the Internal Revenue Service however you must be a qualified candidate.
The average settlement is $6500 per case but that is just the national average.
We walk all our clients through the process.
Call us today for a free initial tax assessment.
Release IRS Tax Bank Levy, Wage Garnishment + Unfiled Taxes + Settle Back Taxes + Payment Plan + Delray Beach, 33444, 33445, 33446, 33483, 33484
by Jim Magary | Feb 3, 2016 | Tax Help
Missing Form W-2?
Most people get their W-2 forms by the end of January.
Form W-2, Wage and Tax Statement, shows your income and the taxes withheld from your pay for the year. You need it to file an accurate tax return.
If you haven’t received your form by mid-February, here’s what you should do:
• Contact your Employer.
Ask your employer (or former employer) for a copy. Be sure they have your correct address.
• Call the IRS.
If you are unable to get a copy from your employer, you may call the IRS at 800-829-1040 after Feb. 23. The IRS will send a letter to your employer on your behalf.
You’ll need the following when you call:
◦ Your name, address, Social Security number and phone number;
◦ Your employer’s name, address and phone number;
◦ The dates you worked for the employer; and
◦ An estimate of your wages and federal income tax withheld in 2015. You can use your final pay stub for these amounts.
• File on Time.
Your tax return is normally due on or before April 18, 2016. Use Form 4852, Substitute for Form W-2, Wage and Tax Statement, if you don’t get your W-2 in time to file.
Estimate your wages and taxes withheld as best as you can. If you can’t get it done by the due date, ask for an extra six months to file.
Use Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, to request more time. You can also e-file a request for more time. Do it for free with IRS Free File.
• Correct if Necessary.
You may need to correct your tax return if you get your missing W-2 after you file.
If the tax information on the W-2 is different from what you originally reported, you may need to file an amended tax return.
Use Form 1040X, Amended U.S. Individual Income Tax Return to make the change.
Note: Important 2015 Health Insurance Forms.
Starting in 2016, most taxpayers will receive one or more forms relating to health care coverage they had during the previous year.
If you enrolled in 2015 coverage through the Health Insurance Marketplace, you should get Form 1095-A, Health Insurance Marketplace Statement by early February.
If you were enrolled in other health coverage for 2015, you should receive a Form 1095-B, Health Coverage, or Form 1095-C, Employer Provided Health insurance Offer and Coverage by the end of March.
You should contact the issuer of the form – the Marketplace, your coverage provider or your employer – if you think you should have gotten a form but did not get it.
If you are expecting to receive a Form 1095-A, you should wait to file your 2015 income tax return until you receive that form.
However, it is not necessary to wait for Forms 1095-B or 1095-C in order to file.
by Jim Magary | Feb 2, 2016 | Tax Help
Affordable Former IRS Agents + Stop a IRS Tax Levy, Wage Garnishment NOW + Since 1982
We are former IRS agents and managers who know the system can stop an IRS bank levy, wage garnishment levy, or any tax levy you may have received. We know the system!
We could not only stop your IRS bank levy or wage garnishment we can settle and close your case off the IRS enforcement computer at the same time.
We have worked out of the local South Florida IRS and Miami offices and know the system inside and out.
Knowing the system saves you time, save you money and get you immediate resolution to any IRS problem.
As former IRS agents we used to send out bank levies and wage garnishment so it only makes sense that we know the processes and systems to release them.
We have over 65 years of former IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.
As former IRS agents and managers we were teaching instructors and work to supervisors throughout the region.
You can call us today for initial tax consultation and we can walk you through the process within 10 minutes. Not only can we stop the IRS bank or wage garnishment levy we can settle your case all at the same time.
How to Stop a IRS Bank Tax Levy, IRS Tax Wage Garnishment Levy NOW
It is important to know where your cases in the system to begin the stop the IRS tax levy.
There is a difference between a bank levy in a wage levy garnishment.
Both are seizures, a bank levy is a freeze on your bank account for 21 days where as a wage levy is an immediate seizure on your wage.
If IRS has sent over a 668W, your employer may not pay you until they get a release from the federal government. You will approximately receive about 20% of your gross pay.
There is also a difference between an IRS levy and a tax lien. A tax levy is a seizure and the tax lien is placed in the County of your residence to put the public on notice you owe back tax debt to the Internal Revenue Service.
IRS files 1.8 million tax levies every year and files over 600,000 federal tax liens.
Some taxpayers were sent a IRS letter 11 indicating that a tax levy was the next step, while others have been sent a IRS tax levy from the ACS unit out of various IRS offices, while others have been sent tax levies by revenue officers in the local offices.
If you have received IRS letter 11 there is a collection due process hearing that can stop the IRS levy.
If your case is in the ACS unit or the local office we can simply send over a power of attorney and start negotiation power to go ahead to get an immediate levy release and settle your IRS case at the same time.
IRS Final Notices before IRS Tax Levy or Garnishment
Where does Internal Revenue Service (IRS) authority to levy originate?
The Internal Revenue Code (IRC) authorizes levies to collect delinquent tax.
See IRC 6331. Any property or right to property that belongs to the taxpayer or on which there is a Federal tax lien can be levied, unless the IRC exempts the property from levy.
What actions MUST the Internal Revenue Service take before a levy can be issued?
The IRS will usually levy only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
2. You neglected or refused to pay the tax; and
3. The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
The IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested. If you have moved and did not notify the IRS, you are out of luck because you did not receive a final notice from IRS.
Please note:if the IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
IRS Tax Billing Notices for IRS Tax Levies & IRS Wage Garnishments
The IRS will send out final notices before levies and seizures after they generally send out a series of five billing notices.
On the fourth notice, taxpayers will receive their final notice in which they can go ahead and file with the appeals division of Internal Revenue Service to stop the levy.
Not only can we go ahead and stop the IRS notice of intent to levy, we can settle your case at the same time.
All your tax returns are going to have to be filed and if that is an issue for you, with or without tax records we can prepare your tax returns.
How IRS Settles Collection Cases
As a general rule, the Internal Revenue Service will take your current financial statement and after they reviewed your documented financial statement there is generally two ways IRS closes cases.
They generally closes your back taxes case by taxpayers putting you into a:
1.currently not collectible statuses or,
2. ask for a monthly payment agreement.
For taxpayers who owe back taxes statistics show that 40% of all taxpayers are placed in currently not collectible status, while 6.5 million taxpayers enter monthly payment or installment agreement.
Some taxpayers can be eligible for the offer in compromise program to settle their debt for pennies on the dollar.
When we review every case we find out if you are offer in compromise candidate to make this happen.
Last year IRS accepted 38,000 taxpayers to settle their debt to the offer in compromise program for an average of $6500 per settlement. Keep in mind your current documented financial statement will determine the settlement on your particular case if you are a suitable candidate for the offer in compromise.
All taxpayers before wanting to file an offer in compromise should walk through the IRS pre-qualifier tool.
We will carefully review your current financial statement and make sure you get the best possible settlement with Internal Revenue Service.
We are a full service tax firm specializing in IRS collection and audit matters. since 1982, we are A+ rated by the Better Business Bureau.
Call us today for a free initial tax consultation in here the truth about your case in the different ways you can settle your tax debt.
STOP IRS Tax Bank Levy, Wage Garnishment NOW + Settle IRS Tax Debt + Haven’t Filed Returns + Delray Beach, 33444, 33445, 33446, 33483, 33484
by Jim Magary | Feb 2, 2016 | Tax Help
We are an affordable professional tax firm with over 65 years of direct IRS work experience. Since 1982. Local Experts IRS experts.
We worked out of the local South Florida IRS offices. We worked in the audit, collections, and appeals division as well as former IRS teaching instructors. We know the system inside and out and are some of the most affordable, trustworthy and notable experts in South Florida.
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 were filed by taxpayers and over 38% of those were accepted for average of $6500 per case.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement. Knowing the formulas that IRS uses is the best way to settle your debt for the lowest amount possible.
We will not file for an offer in compromise unless you are a true candidate for the program.
There is an IRS pre-qualifier tool that we review with our clients before we file for the offer in compromise. I find that qualifier tool on our website.
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.
As a former IRS agent, I was a teaching instructor for the offer in compromise, the IRS tax debt settlement program. 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. Upon your free initial tax consultation we will know within a couple minutes whether you are eligible for the offer in compromise.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
You could hear the truth about the offer in compromise program when you call us.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
I know the system inside and out. As a former IRS agent I used to accept and reject offers in compromise.
I have heard countless horror stories from taxpayers who called me about firms that have ripped them off promising settlements. There is a very specific system and methodology to get an offer in compromise approved for pennies on the dollar. Last year 38,000 taxpayers had their cases accepted.
The question is pennies on the dollar possible to settle tax debt?
Yes, it is as a matter of fact, over 38,000 taxpayers got their debt settled with the Internal Revenue Service for average settlement of $6500 last year.
There were a total of 78,000 applications for the pennies on the dollar, offer in compromise program last year.
With that being said there is much to say about this pennies on the dollar program called the offer in compromise.
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 and 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.
I would suggest anyone who wants to go ahead and settle their tax debt through the pennies on the dollar, offer in compromise program contact an experienced an honest tax professional, have them walk them through the pre-qualifier tool before they give their money to anybody.
If you have any questions or issues about the offer in compromise program to settle 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 hours working an offer in compromise.
On cases over $100,000 it is typical they will check your credit report for the accuracy of 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.
Right now there are over 7500 cases in the offer queue to be worked. The average offer takes about nine months to work.
We are a full-service firm with an expertise in any IRS tax debt matter including offering compromise.
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.
Offers in Compromise
• Lump Sum Cash Payment:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
• Periodic Payment:
Submit your initial payment with your application.
Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer.
Understand the process of OIC
While your offer is being evaluated:
• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
• A Notice of Federal Tax Lien may be filed;
• 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 to see if you are a certified an eligible candidate for the offer in compromise program.
IRS Offer in Compromise + Settle Tax Debt + Reduce Taxes + File Back Tax Returns
by Jim Magary | Feb 2, 2016 | Tax Help
We are an Affordable local South Florida team of IRS tax experts, former IRS agents and managers, since 1982. A + Rated BBB.
We have 205 years of direct tax experience, 65 years of working for the local IRS in the local, district and regional offices.
Since 1982, we have been representing people in the South Florida, Fort Lauderdale and Miami area.
We’re one of the most experience, affordable, and trustworthy tax firms in South Florida. We also shall have a nationwide tax practice.
We know IRS inside and out and understand all their systems, settlement theories and protocols. We can save you money, time and a fair amount of grief because of our knowledge of the system. Let our experience work for you.
We worked as Agents, Instructors and in Management.
We were also on-the-job instructors for new IRS agents.
At Fresh Start Tax LLC you will be represented by a CPA or former IRS agents who knows the system and can provide your very best tax audit defense.
If we cannot settle your case at the local office will take your case to the Appellate Division or settlements and the best deals are usually made.
It only makes sense to have Former IRS Agents and IRS Tax Audit Managers handle your IRS tax audit and give you the most experienced and successful expert IRS Tax Audit Help.
We can also tell you how to help audit proof your return in the future.
IRS audits are very predictable and after reviewing thousands of tax returns over the years we can tell you which cases are going to be subject for IRS tax audits.
If you are go back taxes a result of an IRS tax audit will work out attacks that settlement with IRS. There are various options open to you if you owe back taxes.
Facts about IRS Tax Audits:
• The IRS audits a total of 1,391,581 tax returns a year.
• The IRS field agents complete more than 310,000 audits by office or business visits a year,
• The IRS completes over 1,081,152 correspondence audits a year. IRS collects a little over $5 billion a year from his correspondence audits,
• IRS has installed new software tracking systems with the development of the CADE 2 computer to spot and recognize tax audits more proficiently,
• IRS employs over 13,000 IRS auditors.
• $5.2 billion dollars are collected through the IRS document matching program.
IRS audits less than 1% of all taxpayers.
It is not wise to play the IRS audit lottery.
The IRS Tax Audit Examination Plan
What you Need to Know about the IRS Audit
The IRS audit plan that is used by the IRS is based on long-range coverage planning, and objectives on the resources requested in the Congressional Budget.
From this, there is an established plan where staff years are allocated to all area IRS offices using resource allocation and a prescribed methodology.
Each Area Manager of the IRS is responsible for preparing an area response following instructions from the National Headquarters.
Why the IRS Audits Tax Returns
Although there are a variety of reasons listed below some are the most common.
a. Front Loaded Programs
Front Loaded programs are those tax audits that IRS DC headquarters has determined are very important and a considerable amount of time must be spent on these programs and activities. Each area has discussions within management as to what the programs should be for each region, district, and office.
Some of the programs are:
• Special enforcement programs – An example of this may be compliance of all flee market vendors, a program I was involved with
• High Income non-filers – The IRS would get their information from a match program of w-2’s and 1099’s and match up social security numbers against filed returns
• Abusive Tax Avoidance – This could be in the area of offshore activities
• Offshore credit card program
• National Research programs – Those set forth by management after doing a trends project
• FBAR filing – IRS is currently targeting those with overseas bank accounts
• Non- filers – IRS is presently forming a task force to seek non-filers though aggressive means.
b. The IRS makes sure there is balanced coverage.
The National Office makes sure there is a balanced approach for audit return delivery and tax compliance. Resources and inventory and the size of personnel all go into this formula.
IRS focuses are blended into these areas: Keep in mind they are not limited to any one particular thing.
1. Individual returns less than $100,000.
2. Individual returns greater than $100,000 but less than $200,000.
3. Individual returns greater than $ 200,000.
4. Small Business Corporations.
5. Small Business Flow-Through Entities – S Corporations, Fiduciaries and Partnerships.
c. Classification Plan
The IRS will prepare a plan, which is classified. A National DIF score indicator is placed on all Federal Income tax returns that are filed.
Each tax return has certain factors that contribute to its score such as Gross Income, Adjusted Gross Income and line item expense.
There are several classified secrets that go into the DIF score. Knowing the DIF score formulas are like knowing the the secrets to the Coca-Cola formula.
Each tax return is processed through the IRS computer line item by line item.
A DIF score label is placed on every tax return with its DIF number.
A tax examiner or Revenue Agent manually eyeballs each and every tax return with a high DIF score.
The examiner then determine which return has the highest probability of tax audit success.
d. DIF Cutoff Score, this is the most common reason for audit.
Each and every tax return has a DIF score, this stands for discriminatory index function.
The IRS will calculate the Area DIF cutoff score for each activity code, giving consideration to the selection rate.
This is the lowest DIF score necessary to secure the number of returns required for audit. For example, if the return plan shows 225 returns for an activity code and the selection rate is 70%, the IRS will need to order 321 returns (225/70%).
The DIF Cut off Score is 500. The number of returns with DIF scores greater than 550 is 280, which is less than the number of returns required, so the lowest DIF score on an ordered return will be in the range of 500 to 550 and the DIF cutoff score is 500.
All tax returns are graded by the Internal Revenue Service. That’s right, each and every tax return has a DIF score. There is a label placed on the back of every tax return that grades audit potential.
Much of the audit numbers are predicated on the budget that Congress gives to the IRS.
Over the last couple years the number of audits are going down by small percentages simply because they do not have working staff to handle all the IRS audits that are truly needed. It is not wise to play the audit lottery.
Call us today for a free initial tax consultation and we will review your tax returns, go over best case scenarios and talk about your IRS tax defense for an IRS audit.
We are a full service tax firm. Since 1982, we have been serving South Florida. When you call our office you will speak to a true IRS tax professional with years of direct experience.
IRS Tax Audit Help & Representation + Former IRS + Audit Settlements + Back Tax Settlements + Deerfield Beach, 33441, 33442, 33443
by Jim Magary | Feb 2, 2016 | Tax Help
“Affordable” IRS Tax Professionals can easily resolve your problem, over 65 years of former IRS work experience. We know all the systems, file tax returns and Settle Back IRS Taxes!
We are a local tax firm.
We worked out of the local South Florida IRS offices specifically in the Fort Lauderdale and Miami IRS offices.
If you need to file tax returns for past years there is a very simple process to get you into the back system worry free.
Not only can we go ahead and file your back tax returns we can also settle your tax that at the same time.
Settlement sometimes mean getting put it current hardship, making payments or settling your debts through the offer in compromise program.
As former IRS agents and managers we have worked both sides of taxpayers problems and issues and there is a very systematic way to resolve your past due tax issues.
With or without tax records we can get you back in the system worry free.
As former IRS agents and managers we can explain to you how to get back in the system without worry.
When you call us on your initial consultation we will walk you through the requirements.
Millions have not filed but it will catch up with you. at some point in time IRS will match up your W-2s and 1099 and find out there is no tax return on the system and they will investigate through what’s called the taxpayer delinquent investigation.
If you do not prepare your past due returns the Internal Revenue Service under 6020 B of the IRS code, IRS can prepare the tax returns for you.
You do not want this to happen to you. You will pay the highest amount allowed by law.
Believe it or not, millions of people have not file tax returns but at some point in your life you’re going to have to file, the big question is what is at process like? I’m going to prison? How much trouble am I in ?, or how can I do this without worry?.
There is a way to get back in the system without pain, HOW, simply file your tax returns.
The Big Question : How many back years do I file? Answer, read below
The answer varies on the facts of the case. As a general rule, as former IRS agents and managers we recommend you file anywhere between three and six years.
Some of the determining factors in making decisions are:
1. how much income have you made in the last six years,
2. what is your asset base,
3. what do your bank accounts look like,
4. have you always operated in cash,
5. what are your average monthly expenses for the time of nonfiling.
Tax Preparation for Never or UnFiled Tax Returns
If you are a W-2 or 1099 or wage earner it will be very easy to compute your income.
We can simply ask IRS for copies of income transcripts for the last six years.
IRS will provide to us all income reports on W-2’s and 1099 s. Tax reconstruction is easy and simple. We can find out what expenses you have and prepare your tax return based on reconstructive methods.
If you are a cash person we can back into your income by finding what you’re annualized monthly expenses are multiplying by 12 and come up with an average base for computing gross income.
We have prepared hundreds upon hundreds of tax returns of taxpayers who have never filed. We can walk you to the process and get you back in the system seamlessly.
Below you will find the IRS policy statement regarding people who will never file tax returns.
What happens if I owe back taxes, there are available programs to help settle tax debt?
If you will owe back taxes we will work out a tax settlement for you.
IRS will require a current financial statement on form 433F expect that financial statement to be fully documented. IRS will want copies of bank statements, pay stubs and all current expenses that you have.
The Internal Revenue Service has standards of acceptable allowances. When you call our office we will review with you the national standards.
As a general rule, IRS places taxpayers who cannot pay their back tax debt into one of three categories to close back tax cases:
IRS will consider you either to be a:
1 . Current hardship,
2. a monthly candidate for payments, or
3. a tax debt settlement candidate for the offer in compromise program.
Keep in mind that the determination that IRS will make your open case if you owe back taxes is completely dependent on your current financial statement, therefore the filling out, the documentation will determine your outcome on your case.
That’s why it is critical you have a trustworthy tax firm help resolve these issues for you so you need not worry.
Policies + IRS has a policy statement regarding filing past due tax returns
1.2.14.1.18 (08-04-2006)
IRS Policy Statement 5-133
1. Delinquent or prior years tax returns—enforcement of filing requirements
2. Taxpayers failing to file tax returns will be requested to prepare and file all such returns except in instances where there is an indication that the taxpayer’s failure to file the required return or returns was willful or if there is any other indication of fraud.
All delinquent returns submitted by a taxpayer, whether upon his/her own initiative or at the request of a Service representative, will be accepted.
However, if indications of wilfulness or fraud exist, the special procedures for handling such returns must be followed.
3. Where it is determined that required returns have not been filed, the extent to which compliance for prior years will be enforced will be determined by reference to factors ensuring compliance and evenhanded administration of staffing and other Service resources.
4. Factors to be taken into account include, but are not limited to:
a. prior history of noncompliance,
b. existence of income from illegal sources, effect upon voluntary compliance, anticipated revenue, and collectibility, in relation to the time and effort required to determine tax due.
Consideration will also be given any special circumstances existing in the case of a particular taxpayer, class of taxpayer, or industry, or which may be peculiar to the class of tax involved.
5. Normally, application of the above criteria will result in enforcement of delinquency procedures for not more than six (6) years. There are special cases in which the IRS will ask for more than six years.
Those cases generally involve those with a great deal of access with a high potential of collection and probability. There are very few cases that meet this criteria.
Call us today for a free initial tax consultation.
IRS Taxes + Unfiled Tax Returns + Settle IRS Back Tax Debt + Payments Plans + Tax Liens + Tax Levies + Former IRS +
