by Jim Magary | Jan 21, 2016 | Tax Help
Affordable Former IRS Agents + Stop a IRS Tax Levy, Wage Garnishment NOW + Since 1982 + WE KNOW THE SYSTEM
If have if you have been notified by your employer or a bank that they have received a levy notice from the Internal Revenue Service, call us today for an initial consultation and start the process to immediately receiving your money back, guaranteed! we know the system so well that we can guarantee exactly what will take place.
We cannot 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 are the affordable, experienced and honest professional firm. Since 1982 we have been serving clients with IRS needs and federal and state tax representation.
GUARANTEE : Within 24 hours of receiving your current financial statement we can go ahead and get your money back in your case closed and settled with the Internal Revenue Service.
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.
As an important side note, under US law you are not allowed to be fired because of a wage garnishment levy.
How to Stop a IRS Bank Tax Levy, IRS Wage Garnishment Levy?
By Knowing the SYSTEM
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.
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.
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 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. The exception to this rule, if you are currently experiencing a hardship IRS may forgo the immediate filing of your current tax returns. it is done on a case-by-case basis.
How IRS Settles Your Case t o Close
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.
SOME IRS TAX FACTS :
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.
Employer Notified of a IRS Wage Garnishment Levy + Stop IRS NOW + Guaranteed
by Fresh Start Tax | Jan 21, 2016 | Tax Help
Affordable Former IRS Agents + Stop a IRS Tax Levy, Wage Garnishment NOW + Since 1982 + WE KNOW THE SYSTEM
If have if you have been notified by your employer or a bank that they have received a levy notice from the Internal Revenue Service, call us today for an initial consultation and start the process to immediately receiving your money back, guaranteed! we know the system so well that we can guarantee exactly what will take place.
We cannot 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 are the affordable, experienced and honest professional firm. Since 1982 we have been serving clients with IRS needs and federal and state tax representation.
GUARANTEE : Within 24 hours of receiving your current financial statement we can go ahead and get your money back in your case closed and settled with the Internal Revenue Service.
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.
As an important side note, under US law you are not allowed to be fired because of a wage garnishment levy.
How to Stop a IRS Bank Tax Levy, IRS Wage Garnishment Levy?
By Knowing the SYSTEM
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.
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.
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 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. The exception to this rule, if you are currently experiencing a hardship IRS may forgo the immediate filing of your current tax returns. it is done on a case-by-case basis.
How IRS Settles Your Case t o Close
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.
SOME IRS TAX FACTS :
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.
Employer Notified of a IRS Wage Garnishment Levy + Stop IRS NOW + Guaranteed
by Jim Magary | Jan 21, 2016 | Tax Help
Affordable Former IRS Agents + Stop a IRS Tax Levy, Wage Garnishment NOW + Since 1982 + WE KNOW THE SYSTEM
If have if you have been notified by your employer or a bank that they have received a levy notice from the Internal Revenue Service, call us today for an initial consultation and start the process to immediately receiving your money back.
We cannot 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 are the affordable, experienced and honest professional firm. Since 1982 we have been serving clients with IRS needs and federal and state tax representation.
GUARANTEE : Within 24 hours of receiving your current financial statement we can go ahead and get your money back in your case closed and settled with the Internal Revenue Service.
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.
How to Stop a IRS Bank Tax Levy, IRS Wage Garnishment 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.
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.
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 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. The exception to this rule, if you are currently experiencing a hardship IRS may forgo the immediate filing of your current tax returns. it is done on a case-by-case basis.
How IRS Settles Your Case
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.
TAX FACTS : 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.
Notification of a IRS Bank Tax Levy + Get IMMEDIATE RELEASES OF LEVY + Former IRS
by Fresh Start Tax | Jan 21, 2016 | Tax Help
Affordable Former IRS Agents + Stop a IRS Tax Levy, Wage Garnishment NOW + Since 1982 + A plus BBB
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.
If have if you have been notified by your employer or a bank that they have received a levy notice from the Internal Revenue Service, call us today for an initial consultation and start the process to immediately receiving your money back.
We cannot 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.
Within 24 hours of receiving your current financial statement we can go ahead and get your money back in your case closed and settled with the Internal Revenue Service.
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.
How to Stop a IRS Bank Tax Levy, IRS Wage Garnishment Levy
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.
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.
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 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 Your Case
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.
TAX FACTS : 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.
Notification of a IRS Tax Levy + Stop IRS & Settle Your Tax Debt Case Now + Former IRS
by Fresh Start Tax | Jan 14, 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.
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.
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.
As a former IRS agent I taught the offer in compromise program at the district training center as a former employee.
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.
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.
TYPEs OF OIC PAYMENTS
• 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.
We call our office you will speak to a true IRS tax professional. So yes pennies on a dollar is possible, however make sure you’re a qualified candidate.
Call us today for a free initial tax consultation and speak to a true IRS expert about the offer in compromise the way to settle your tax debt for pennies on a dollar if you qualify. When you call our office you will speak to true IRS tax expert to learn more about the offer in compromise and tax debt settlement program to reduce your IRS tax debt.
IRS Offer in Compromise + Settle Tax Debt + Reduce Taxes + File Back Tax Returns + Former IRS + 33023, 33025, 33027, 33029 + Miramar
by Jim Magary | Jan 14, 2016 | Tax Help
We are an affordable local South Florida team of IRS tax experts, former IRS agents and managers, since 1982. A + Rated
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 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 million 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.
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:
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.
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 Representation + Former IRS + IRS Settlements + IRS Appeals + 33023, 33025, 33027, 33029 + Miramar
