by Jim Magary | Dec 10, 2015 | Tax Help
We are affordable former IRS agents and managers that can help review any letter you have received from IRS and explain the easiest way to get past the problem.
As a former IRS Agent, taxpayer after taxpayer would tell me, I hate to receive a letter from Internal Revenue Service.
As former we used to call these letters, nasty grams.
IRS sends out these notices or letters because there is an unresolved issue on the IRS CADE2 computer system.
We have worked thousands of cases since 1982 and a true tax experts regarding any IRS matter.
If you’ve received a letter from the Internal Revenue Service or a tax notice and need a sufficient explanation and resolution, call us today and speak directly to former IRS agents and managers who have over 65 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices in the IRS.
Time Sensitive Letter From the IRS
All letters that are sent out from the Internal Revenue Service are time sensitive, that is a follow-up date are usually on those letters. Few letters require no follow-up. they will specifically state on the letter or notice.
IRS will always follow-up certain letters and they will let we know exactly what their next move is going to be.
Being a former agent, I can tell you that many taxpayers have placed their heads in the sand and do not believe IRS’s is going to follow-up. I can tell you, the IRS computer systems are programmed to make sure follow-up action is taken and rest assure this case will not go away until it’s resolved off the computer.
Many of these time sensitive letters are almost all computer-generated and it is best to deal with them as soon as you get them to stop the process of IRS taking further action and in some cases issuing bank levies, wage garnishments or issuing audit reports.
As a side note all of IRS’s billing letters are on five-week cycles.
Call us today for a free initial tax consultation and we can review all your options and make this problem go away.
We are an A+ rated company by the Better Business Bureau and free consultations are always available.
When you call our office you will speak specifically to a true IRS tax expert who could give you the best possible consul and help take your worry away.
We look forward to hearing from you.
by Jim Magary | Dec 10, 2015 | Tax Help
Affordable IRS Debt Tax Settlement Company, Former IRS Agents & Managers who know the system. Since 1982.
As a former IRS agent and teaching instructor I taught the offer in compromise or tax debt settlement program to seasoned and new IRS agents. I and my company are true tax expert for the offer in compromise program for IRS Debt Settlements.
I have over 40 years of professional tax experience and know the system inside and out. by knowing the system, and knowing the methodologies of tax settlement you can settle for less.
Knowing the internal workings in the system of IRS is huge advantage to settle IRS tax debt. Your current financial statement and documentation is the key to settle for less.
Last year 78,000 taxpayers filed for an IRS tax debt settlement in over 38% of those were accepted for average settlement a $6500 per case.
Keep in mind this is the national average and every case depended on its own financial statement and its own set of facts. It is very possible to settle for pennies on the dollar.
There is an IRS pre-qualifier tool that you can walk through to find out if you are a certified in acceptable candidate to get an IRS tax debt settlement. On your free initial tax consultation we will walk you through the process.
We are experienced and professional IRS tax debt settlement company.
Because of our years of experience in working for the Internal Revenue Service we can assure you of the lowest possible tax settlement if you are a suitable candidate for offer in compromise.
We have a combined 65 years of direct work experience at the Internal Revenue Service. We are composed of tax attorneys, CPAs, and former federal and state tax agents.
If you have any back tax issues with the Internal Revenue Service or have not filed back income/business tax returns, we can settle your case all at the same time.
As a former IRS revenue officer I have worked hundreds of cases and can be very instrumentally in the settling of your case.
Why is Fresh Start Tax LLC is a much different firm than other IRS Tax Debt Settlement Companies.
We do our own work in-house, most companies sub their work out to backend offices.
We have over 65 years of direct work experience working in the local, district and regional tax offices of the IRS. We have worked as managers, instructors, and teaching agents.
Some of our staff have put on joint forums with the Internal Revenue Service. We have an excellent working relationship with Uncle Sam.
Offer in Compromise + IRS Tax Debt Settlements
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS will require form 433OIC and form 656OIC to be fully documented and complete before the submission of an offer in compromise.
Select a payment option for IRS Debt Settlements
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:
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. See your application package for details.
Understand the OIC process to IRS Tax Debt Settlement
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.
You Must have all tax returns filed
Over 16 million taxpayers do not file annual tax returns.
At some point if you do not file the Internal Revenue Service will catch up with you do not keep your head in the sand.
If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS.
If you did not file your back tax returns, IRS can prepare them for you and you will owe more money than you should. IRS as the ability under 6020B to file for you.
If you do not respond to the IRS bills and notices they send out as a result of filing your tax returns IRS will follow-up with tax levies in the filing a federal tax liens.
We can prepare your back or on file tax returns with little or no tax records.
If the IRS has already filed your back tax returns and they are grossly inaccurate, call us today for us to file for an IRS audit reconsideration.
Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you.
Call us today for a free initial tax consultation and you will speak to a true IRS tax expert.
We walk you through the process and with an excellent degree of accuracy let you know how you can resolve your case and achieve the best possible results.
Debt Services + IRS Tax Company Specialty + IRS Problems & Affordable Resolutions + Former IRS
by Fresh Start Tax | Dec 10, 2015 | Tax Help
If you need help the file back taxes who better than AFFORDABLE former IRS agents and managers who know the system.
We have over 65 years of combined former IRS agent experience. We worked in the local, district, and regional tax offices of the Internal Revenue Service.
We know the system inside and out. we understand all the settlement there is, the methodologies in the exact process how we can prepare your back tax returns with little or no records.
We have worked both in the collection, audit, appeals, and teaching instructor position. We are true experts for those who need help to file their back taxes.
If you have one year or multiple years or have never filed a tax return contact us today and we will give you a free initial tax consultation and walk you through the process to help file your back tax returns. We want to make sure you understand the system and the process.
For W-2 Wage Earners
Many taxpayers are W-2 wage earners and have withholding taken out of their checks.
If this is the case, you may have missed years of refunds and valuable Social Security credit when retirement time comes. IRS will allow refunds of no more than three years.
If this is the case, we can simply pull IRS transcripts and prepare your back tax returns through the IRS income transcript process. IRS keeps income and wage records on each taxpayer for six years and tax reconstruction to prepare your back years can be done simply.
For Self Employed taxpayers
Since we have prepared thousands of tax returns over the years and are former IRS agents and managers, tax reconstruction for self-employed persons is not a problem.
As a general rule there are national, regional standards that could be applied and ratios can be determined given the industry.
Many taxpayers who have not filed back years are self-employed and are missing records. Not to worry our reconstruction process is second to none and we can file is accurate returns as anybody in the business.
Lost all records to file back taxes, no problem for us.
We can file any tax return whether a client or taxpayers has back tax records or not.
Part of tax reconstruction strategies are to review of bank statements, review of cost-of-living analysis, assets, and exploring IRS transcripts in which IRS keeps W-2s and 1099s on file for the last six years.
There is always a way to reconstruct your tax returns. There are very definitive lists that we hand clients to aid in this processing cannot be worried.
IRS Can File Your Tax Return, Be Careful
While this may seem not a bad idea to get free tax help, the Internal Revenue Service will assure you will pay the highest amount allowed by law.
IRS can prepare your tax return under 6020 B of the Internal Revenue Code they will give you absolutely no extra deductions or business expense.
It is critical you file your own tax return to make sure you are paying the lowest amount allowed by law.
Applicable Code Section below
IRC 6020(a)
1. If the taxpayer will consent to disclose all information necessary for the preparation of the return(s), IRC 6020(a) states, “… the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.”
This does not include the taxpayer signing a waiver of restriction on assessment (e.g., Form 4549, Income Tax Examination Changes, or Form 870, Waiver of Restrictions on Assessment & Collection of Deficiency in Tax & Acceptance of Overassessment,) which does not constitute a return under IRC 6020(a).
2. Delinquency penalties are applicable.
IRC 6020(b)
1. IRC 6020(b) states, “If any person fails to make any return required by any Internal Revenue Law or regulation made there under at the time prescribed therefore, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.”
A. IRC 6020(b)(2) states, “Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.”
What happens if you will Owe Back Taxes.
You have options so don’t freak out. Millions of taxpayers do not pay back taxes.
The latest figures show 40% of all taxpayers who owe back taxes are placed in a non-collectible file, 6.5 million enter into monthly installment agreements and 38,000 taxpayers have their debt settle for the offer in compromise your tax debt settlement program.
If you will owe back taxes are several options available to you.
The first step in the process to know is we may be able to get an online payment. there are certain criteria for this and when you call us we will review this criteria.
For certain dollars owed in back taxes, IRS may require a 433F financial statement.
That financial statement will need to be documented with bank statements and copies of monthly expenses.
Once IRS reviews the financial documents they close their case out and usually one of two ways.
The Internal Revenue Service will entertain :
1. payment agreement based on your current monthly income and expenses or,
2. the IRS will see that you are going through her current hardship and put the case in a non-collectible or hardship file. Those cases in hardship will stay there for 2 to 3 years and reactivate themselves back out to the field for a secondary review. During the time that you’re in a hardship you MUST file all your tax returns currently and make sure all taxes are paid in full.
The Offer in Compromise Program/Tax Debt Settlements
If you wish to settle your tax debt for pennies on the dollar it is necessary to submit an offer in compromise.
Before filling out any offer in compromise I ask all taxpayers to walk to the IRS pre-qualify or tool to make sure they are a suitable candidate.
Selecting a IRS payment option for the OIC
Your initial payment will vary based on your offer and the payment option you choose:
1. Lump Sum Cash:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
2. 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. See your application package for details.
Understand the OIC process
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.
When you call our office we will let you know if you are a suitable candidate for the OIC and we can let you know the lowest amount of law that IRS will accept on your case.
Call us today for a free initial tax consultation and hear the truth from true IRS tax experts.
Tax Preparers + Lost Tax Records + File, Settle & Save + Former IRS
by Jim Magary | Dec 10, 2015 | Tax Help
If you need help the file back taxes who better than AFFORDABLE former IRS agents and managers who know the system.
We have over 65 years of combined former IRS agent experience. We worked in the local, district, and regional tax offices of the Internal Revenue Service.
We know the system inside and out. we understand all the settlement there is, the methodologies in the exact process how we can prepare your back tax returns with little or no records.
We have worked both in the collection, audit, appeals, and teaching instructor position. We are true experts for those who need help to file their back taxes.
If you have one year or multiple years or have never filed a tax return contact us today and we will give you a free initial tax consultation and walk you through the process to help file your back tax returns. We want to make sure you understand the system and the process.
For W-2 Wage Earners
Many taxpayers are W-2 wage earners and have withholding taken out of their checks.
If this is the case, you may have missed years of refunds and valuable Social Security credit when retirement time comes. IRS will allow refunds of no more than three years.
If this is the case, we can simply pull IRS transcripts and prepare your back tax returns through the IRS income transcript process. IRS keeps income and wage records on each taxpayer for six years and tax reconstruction to prepare your back years can be done simply.
For Self Employed taxpayers
Since we have prepared thousands of tax returns over the years and are former IRS agents and managers, tax reconstruction for self-employed persons is not a problem.
As a general rule there are national, regional standards that could be applied and ratios can be determined given the industry.
Many taxpayers who have not filed back years are self-employed and are missing records. Not to worry our reconstruction process is second to none and we can file is accurate returns as anybody in the business.
Lost all records to file back taxes, no problem for us.
We can file any tax return whether a client or taxpayers has back tax records or not.
Part of tax reconstruction strategies are to review of bank statements, review of cost-of-living analysis, assets, and exploring IRS transcripts in which IRS keeps W-2s and 1099s on file for the last six years.
There is always a way to reconstruct your tax returns. There are very definitive lists that we hand clients to aid in this processing cannot be worried.
IRS Can File Your Tax Return, Be Careful
While this may seem not a bad idea to get free tax help, the Internal Revenue Service will assure you will pay the highest amount allowed by law.
IRS can prepare your tax return under 6020 B of the Internal Revenue Code they will give you absolutely no extra deductions or business expense.
It is critical you file your own tax return to make sure you are paying the lowest amount allowed by law.
Applicable Code Section below
IRC 6020(a)
1. If the taxpayer will consent to disclose all information necessary for the preparation of the return(s), IRC 6020(a) states, “… the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.”
This does not include the taxpayer signing a waiver of restriction on assessment (e.g., Form 4549, Income Tax Examination Changes, or Form 870, Waiver of Restrictions on Assessment & Collection of Deficiency in Tax & Acceptance of Overassessment,) which does not constitute a return under IRC 6020(a).
2. Delinquency penalties are applicable.
IRC 6020(b)
1. IRC 6020(b) states, “If any person fails to make any return required by any Internal Revenue Law or regulation made there under at the time prescribed therefore, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.”
A. IRC 6020(b)(2) states, “Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.”
What happens if you will Owe Back Taxes.
You have options so don’t freak out. Millions of taxpayers do not pay back taxes.
The latest figures show 40% of all taxpayers who owe back taxes are placed in a non-collectible file, 6.5 million enter into monthly installment agreements and 38,000 taxpayers have their debt settle for the offer in compromise your tax debt settlement program.
If you will owe back taxes are several options available to you.
The first step in the process to know is we may be able to get an online payment. there are certain criteria for this and when you call us we will review this criteria.
For certain dollars owed in back taxes, IRS may require a 433F financial statement.
That financial statement will need to be documented with bank statements and copies of monthly expenses.
Once IRS reviews the financial documents they close their case out and usually one of two ways.
The Internal Revenue Service will entertain :
1. payment agreement based on your current monthly income and expenses or,
2. the IRS will see that you are going through her current hardship and put the case in a non-collectible or hardship file. Those cases in hardship will stay there for 2 to 3 years and reactivate themselves back out to the field for a secondary review. During the time that you’re in a hardship you MUST file all your tax returns currently and make sure all taxes are paid in full.
The Offer in Compromise Program/Tax Debt Settlements
If you wish to settle your tax debt for pennies on the dollar it is necessary to submit an offer in compromise.
Before filling out any offer in compromise I ask all taxpayers to walk to the IRS pre-qualify or tool to make sure they are a suitable candidate.
Selecting a IRS payment option for the OIC
Your initial payment will vary based on your offer and the payment option you choose:
1. Lump Sum Cash:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
2. 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. See your application package for details.
Understand the OIC process
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.
When you call our office we will let you know if you are a suitable candidate for the OIC and we can let you know the lowest amount of law that IRS will accept on your case.
Call us today for a free initial tax consultation and hear the truth from true IRS tax experts.
Tax Preparers + Lost Tax Records + File, Settle & Save + Former IRS
by Fresh Start Tax | Dec 10, 2015 | Tax Help
If you need help the file back taxes who better than AFFORDABLE former IRS agents and managers who know the system.
We have over 65 years of combined former IRS agent experience. We worked in the local, district, and regional tax offices of the Internal Revenue Service.
We have worked both in the collection, audit, appeals, and teaching instructor position.
We are true experts for those who need help to file their back taxes.
If you have one year or multiple years or have never filed a tax return contact us today and we will give you a free initial tax consultation and walk you through the process to help file your back tax returns.
W-2 Wage Earners
Many taxpayers are W-2 wage earners and have withholding taken out of their checks.
If this is the case, you may have missed years of refunds and valuable Social Security credit when retirement time comes. IRS will allow refunds of no more than three years.
If this is the case, we can simply pull IRS transcripts and prepare your back tax returns through the IRS income transcript process. IRS keeps income and wage records on each taxpayer for six years and tax reconstruction to prepare your back years can be done simply.
Self Employed
Since we have prepared thousands of tax returns over the years and are former IRS agents and managers, tax reconstruction for self-employed persons is not a problem.
As a general rule there are national, regional standards that could be applied and ratios can be determined given the industry.
Many taxpayers who have not filed back years are self-employed and are missing records.
Not to worry our reconstruction process is second to none and we can file is accurate returns as anybody in the business.
Lost all records to file back taxes.
We can file any tax return whether a client or taxpayers has back tax records or not.
Part of tax reconstruction strategies are to review of bank statements, review of cost-of-living analysis, assets, and exploring IRS transcripts in which IRS keeps W-2s and 1099s on file for the last six years.
There is always a way to reconstruct your tax returns.
IRS Can File Your Tax Return, be Careful
While this may seem not a bad idea to get free tax help, the Internal Revenue Service will assure you will pay the highest amount allowed by law.
IRS can prepare your tax return under 6020 B of the Internal Revenue Code they will give you absolutely no extra deductions or business expense.
It is critical you file your own tax return to make sure you are paying the lowest amount allowed by law.
Applicable Code Section below
IRC 6020(a)
1. If the taxpayer will consent to disclose all information necessary for the preparation of the return(s), IRC 6020(a) states, “… the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.”
This does not include the taxpayer signing a waiver of restriction on assessment (e.g., Form 4549, Income Tax Examination Changes, or Form 870, Waiver of Restrictions on Assessment & Collection of Deficiency in Tax & Acceptance of Overassessment,) which does not constitute a return under IRC 6020(a).
2. Delinquency penalties are applicable.
IRC 6020(b)
1. IRC 6020(b) states, “If any person fails to make any return required by any Internal Revenue Law or regulation made there under at the time prescribed therefore, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.”
A. IRC 6020(b)(2) states, “Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.”
B. This is an SFR.
What happens if you will Owe Back Taxes.
You have options so don’t freak out.
Millions of taxpayers do not pay back taxes.
The latest figures show 40% of all taxpayers who owe back taxes are placed in a non-collectible file, 6.5 million enter into monthly installment agreements and 38,000 taxpayers have their debt settle for the offer in compromise your tax debt settlement program.
If you will owe back taxes are several options available to you.
The first step in the process to know is we may be able to get an online payment. there are certain criteria for this and when you call us we will review this criteria.
For certain dollars owed in back taxes, IRS may require a 433F financial statement.
That financial statement will need to be documented with bank statements and copies of monthly expenses.
Once IRS reviews the financial documents they close their case out and usually one of two ways.
The Internal Revenue Service will entertain :
1. payment agreement based on your current monthly income and expenses or,
2. the IRS will see that you are going through her current hardship and put the case in a non-collectible or hardship file. Those cases in hardship will stay there for 2 to 3 years and reactivate themselves back out to the field for a secondary review. During the time that you’re in a hardship you MUST file all your tax returns currently and make sure all taxes are paid in full.
The Offer in Compromise Program/Tax Debt Settlements
If you wish to settle your tax debt for pennies on the dollar it is necessary to submit an offer in compromise.
Before filling out any offer in compromise I ask all taxpayers to walk to the IRS pre-qualify or tool to make sure they are a suitable candidate.
Selecting a IRS payment option for the OIC
Your initial payment will vary based on your offer and the payment option you choose:
1. Lump Sum Cash:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
2. 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. See your application package for details.
Understand the OIC process
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.
When you call our office we will let you know if you are a suitable candidate for the OIC and we can let you know the lowest amount of law that IRS will accept on your case.
Call us today for a free initial tax consultation and hear the truth from true IRS tax experts.
Need Help File Back Taxes + Former IRS Agents + Get the Best Help + Settle & Save
by Fresh Start Tax | Dec 9, 2015 | Tax Help
We can get your IRS tax levy, wage garnishment levy released within a 24-hour period of time and close your case at the same time. A plus Rated Tax Company BBB.
We are the affordable professional tax firm that knows the system. As former IRS agents and managers we know the system.
We have a combined 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service and know exactly how to settle your case with the Internal Revenue Service.
Let our knowledge and years of experience work for you. we are one of the premier tax companies for resolving IRS tax debt including bank and wage garnishment levies.
If you are in receipt of an IRS tax levy, wage levy or bank levy garnishment contact us today and we can get your tax levy released in your case closed all at the same time for the same fee.
Within 24 hours of receiving your fully documented financial statement we guarantee that you will have a release of your IRS bank levy or wage garnishment levy.
We will speak with you about settling your tax debt to the offer in compromise program. Our firm will not submit an offer in compromise until we walked through the offer in compromise pre-qualifier tool to make sure that you can settle your tax debt for pennies on dollar.
You should not give your money to any firm to file an offer in compromise unless they walked to this program with you.
As a revenue officer I both work this program was a teaching instructor for the tax debt settlement program. I’m a true IRS tax expert for the offer in compromise.
The Internal Revenue Service accepted 38,000 offers in compromise last year for average of $6500 per settlement. Last year there were 78,000 offers in compromise filed. Please keep in mind this is a national average.
Taxpayers should be aware that there is a pre-qualifier tool for the offer in compromise program. I suggest everyone the walk through this particular tool given by Internal Revenue Service to find out for a qualified candidate
IRS Tax Levies + IRS Tax Levy+ IRS Wage Garnishment Releases
The IRS filed 1.8 million the bank and wage garnishment levies last year. So if you received a bank or wage garnishment levy you are not alone.
Before IRS will release a tax levy, a wage garnishment or bank seizure, Internal Revenue Service will need a current documented financial statement. IRS’s very systematic and how they were cases when levies are issued.
If your case is in the automatic collection system you will be filling out and documenting form 433F which you can find directly on our website. It is the only form the Internal Revenue Service will use.
When calling our office we will complete the form, speak to the Internal Revenue Service and within 24 hours of having your fully documented financial statement we can get your IRS tax levy released.
If the cases are in the local IRS office form 433 a will be required and a much more detailed investigation will be made on your current financial statement.
If this is the case a revenue officer out of the local office will be looking at your case. The revenue officer will look at your case more in-depth than the ACS unit.
The filling out of your financial statement is critical into the settlement of your case. using former IRS agents and managers will give you a tremendous advantage.
With that current financial statement you will need to provide IRS the last three months of your bank statements, copies of your pay stubs and your monthly expenses.
IRS does a thorough review of your financial statement therefore you want to make sure you are both honest and accurate.
IRS reserves the right to track credit report records to make sure your financial statement is correct. The Internal Revenue Service does a fair amount of due diligence when they work all cases.
As a general rule IRS will not release your levy until all your tax returns are filed. We can prepare all your back tax returns with little or no records. We are tax experts for reconstruction.
Internal Revenue Service usually closes your case off the enforcement two general ways: Based on your current financial statement, IRS will put you in a:
1.currently uncollectible file or,
2. put you in a payment agreement.
Over 40% of collection cases wind up in a current tax hardship and 6.5 million other taxpayers are put into monthly installment payment plans.
It is important you file all back tax returns if not the IRS can file for you under 6020 B of the Internal Revenue Code and they will make sure you get no deductions.
IRS will not give any non-filer any deductions or exemptions that they prepare under 6020B.
IRS may fail to release an IRS tax levy wage garnishment or bank levy because taxpayers have failed to file back tax returns.
After the review of your IRS financial statement we can let you know whether you are a possible debt settlement candidate for the offer in compromise program.
One last note of interest, it is very critical all taxpayers respond to all IRS notices because IRS intends to follow-up on all the dates given on each and every notice sent.
Also be aware that IRS billing cycles are five weeks apart.
Call for free initial tax consultation and hear the truth we are the affordable professional tax firm.
We will go over the offer in compromise program to see if you can settle your debt for pennies on the dollar.
We try to qualify all our taxpayer clients to see if there are eligible for the program.
We have over 206 years of professional tax experience.
Tax Company + Remove IRS Tax Levy NOW + Bank & Wage Garnishments + Settle Tax Debt For Less + Former IRS
