by Jim Magary | Aug 20, 2015 | Tax Help
We are an “AFFORDABLE” PROFESSIONAL ” IRS Tax Firm. 24 hours after receiving your current financial statement we can get an IRS Tax Levy, IRS Bank Levy, IRS Wage Garnishment levy released and your case closed.
We are True IRS and New York State Tax Experts
We have worked out of the local, district, and regional tax offices of the Internal Revenue Service.
We have over 60 years of direct IRS work experience. we are comprised of tax attorneys, CPAs and former IRS & State agents who know the system inside and out. We are true experts in all IRS and state tax matters.
We have worked as IRS supervisors, managers and teaching instructors.
Because of our years of experience working at Internal Revenue Service we know the system to get immediate releases of an IRS tax levy, IRS bank levy or IRS wage garnishment.
Not only can we get your tax levy released or removed we can also settle your case at the same time.
There is a very specific process to get these levees released and we can save you time and money because of our streamlined process of levy release.
We have been practicing since 1982 and are A+ rated by the Better Business Bureau.
We handle anything from a simple IRS notice or letter to going tax court if necessary. most cases are simple administrative matters.
All work is done in-house. We are a full-service professional tax firm.
IRS Tax Levies + As a general rule, if taxpayers do not respond to final notice that are sent by IRS, the Internal Revenue Service is required to send out a tax levy.
It is important to respond to all IRS requests by mail because IRS’s computer will do so.
As a general rule, no human hand touches IRS mail, it is all set out systemically by the IRS Cade 2 computer. It sends out close to 150 million pieces of mail a year.
IRS generally sends out five billing notices and then the important 1058 that lets you know an IRS tax levy is to follow. IRS has the right to shorten the period of time depending on your tax situation and history.
The Internal Revenue Service sends out notices out notices on five-week billing cycles.
To find out where you are in the system, look on the top right corner, it’ll let you know a code number and experienced tax professional can let you know where you are in the IRS billing system.
As a general rule, IRS sends out close to 1.9 million tax levies/garnishments each year.
There is a difference be between an IRS federal tax levy in the federal tax lien.
A federal tax levy is a seizure a federal tax lien is a document to get placed at your courthouse.
A federal tax lien can stay on public court records for 10 years. they are generally released by full payment, statute expiration or accepted offer in compromise.
The IRS filed 700,000 federal tax liens last year.
To get your IRS tax levy or wage garnishment released it will be necessary for you to give IRS a current documented financial statement along with making sure all your tax returns are filed in on IRS’s computer system.
It will be necessary for you to fully complete an IRS form 433F (an IRS financial statement) that you can find on our website along with supplying IRS with bank statements, pay stubs and copy of all monthly expenses.
The Internal Revenue Service does a thorough review of your current financial statement before closing your case. The internal revenue service will compare your expenses against that of the national, geographical, and localized standards that IRS has on their website.
When you call our office we were thoroughly review your case, give you a free tax assessment and let you know the necessary steps to completely remove your IRS problem including releasing an IRS tax levy, or wage levy garnishment and settling your case all at the same time.
IRS will generally close your case by putting it into a tax hardship or asking for a monthly payment plan.
40% of all cases are put in the tax hardship and 6.5 million cases are put into monthly installment agreements.
Even though these numbers change from year to year these are pretty close to yearly averages.
Offer in Compromise, IRS Tax Settlements, Pennies on a Dollar Settlements
Last year IRS accepted 38,000 offers in compromise for average settlement of $6500 per case. Please keep in mind that is only an average.
Please Note : Your individual financial statement will determine how IRS will close your case.
Please keep in mind if you have unfiled or back to tax returns, the IRS has the option of not releasing a federal tax levy because you are not in full compliance with tax laws. IRS also has the right to prepare your tax return under 6020 B of the Internal Revenue Code.
We can prepare any and all back tax returns with little or no records. we are experts in tax reconstruction because of methods learned at the Internal Revenue Service.
If you do not prepare your back tax returns, the IRS can prepare them and make sure you pay the most amount allowed by law under code section 6020B.
If you’ve lost your tax records we can reconstruct them through methods we have learned at the Internal Revenue Service.
Please call us today for a free initial tax consultation, since 1982.
Remove IRS Tax Levy NOW + IRS Bank Levy + Wage Garnishment + Owe Back Tax Debt + Unfiled, Past Due Tax Returns + Tax Settlements + 10010, 10016, 10017, 10022
by Jim Magary | Aug 20, 2015 | Tax Help
We have been in private practice since 1982 and are a biblical-based tax firm. We are true Affordable Christian IRS & State Tax Experts <><
We have over 206 years of professional tax experience and our true experts for all IRS and State of New York tax problems.
Due to our years of experience at IRS we know every possible tax solution.
When you call our office you will hear the truth about your case from a professional Christian tax firm.
We also have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS. We are true IRS tax experts. We are comprised a tax attorneys, CPAs, and former federal state tax agents
We taught tax law to new IRS agent and were former teaching instructors.
We know how to resolve your problem and bring an immediate and permanent and get you IRS tax problem relief.
We can get an IRS levy released within 24 hours of receiving your current financial statement, we can talk you about the removal of the federal tax lien, talk to you about paying your IRS tax debt off with a payment plan and or review the pre-qualifier tool with you for the offer in compromise and file all back tax returns.
Proverbs 11:14 <><
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Proverbs 19:20-21 <><
Listen to advice and accept instruction, that you may gain wisdom in the future. Many are the plans in the mind of a man, but it is the purpose of the Lord that will stand.
The Professional Tax firm of FST can offer a different type of solutions to bring your IRS or State tax problem to immediate and permanent end.
We also can represent you during an IRS tax audit need an IRS tax return reconstruction and handle any type of IRS notice or letter , including going to Tax Court.
All our work is done in-house by true Christian tax professionals. Let our years of experience work for you and get you positive results.
On staff are Christian tax attorneys, Christian tax lawyers, Christian certified public accountants, Christian enrolled agents and Christian former IRS agents.
We are the fast, friendly, and affordable professional Christian tax firm that knows how to resolve IRS and state tax problems.
Call us today for free initial tax consultation.
We will take no fee unless we know we can help out your tax situation.
Blessings <><
Christian IRS Tax Services + IRS Problems + IRS Tax Levy + Wage Garnishment + Tax Liens Help + IRS Settlements + Unfiled Tax Returns + Tax Audit + Payment Plans = NYC +10010, 10016, 10017, 10022
by Jim Magary | Aug 20, 2015 | Tax Help
We are an “Affordable Professional Tax Firm” that specializes in IRS and New York State tax debt resolution once and for all!
We are former IRS Agents & Managers who know the system, since 1982. A plus Rated BBB. We have over 206 professional tax experience. we’re also comprise of tax attorneys, CPAs and former state and federal employees who know the system inside and out. We are true experts in the resolution of IRS and state tax debt.
We have been in private practice since 1982 and are true affordable IRS and State tax experts in resolving individual, business and payroll taxes debt.
If you owe the Internal Revenue Service back taxes or back tax debt, it only makes sense to hire former IRS agents and managers who know the system inside and out.
We can help anyone who owes any federal, State, individual, business, or 941 payroll taxes including those who have not filed back tax returns and those wishing to settle IRS tax debt.
Please Note:
It is important to understand, those who will owe back taxes that your current financial statement will usually determine the outcome of your case. I cannot overstate the importance of this financial statement.
Therefore the preparation and the completion of your financial statement is the key to success and negotiation with the IRS is critical.
IRS will use a national standard tests to look at your income and expenses.
To learn more about the IRS evaluation process talk to one of our tax experts so you completely understand how the Internal Revenue Service will interpret and close your case.
The Filing of Back, Past Due or Unfiled Tax Returns
If you have not file tax returns, our former IRS agents can prepare your back tax returns with little or no records and settle your tax debt at all at the same time.
Make sure you file your back tax returns because IRS enjoys the privilege of filing your back tax returns under 6020 B of the code if you fail to file back taxes.
They will file your return to make sure you pay the highest amount allowed by law. If this is happened to you, you can file for an IRS audit reconsideration.
IRS Required Financials Statements
If you owe back taxes and as a general rule your financial statement will determine how IRS will close your settle your case. Form 433F.
If you owe individual, business or payroll taxes, we will take a current financial statement contact the IRS and work out an affordable individual or business payment plan and/or file and settle the tax if applicable.
It is critical that you understand the importance of your current financial statement because it will determine the outcome of your case.
Your last 3 to 6 months of your financial condition is IRS’s determining factor on your case resolution. IRS has the option to determine the period of time and wish they can review your financial records.
3 to 6 months is generally the time periods they choose in is a good reflection of your ability to pay or inability not to pay.
Most cases in which back tax debt is owed to Internal Revenue Service will require a current and verifiable financial statement. You can find those financial statements directly on our website.
As a general rule, when taxpayers or businesses owe back individual or payroll taxes, IRS closes case out by putting them into hardships, asking for payments or the settlement through the offer in compromise.
See below stats.
These are the three most common ways that IRS close cases off their enforcement computer.
1. 40% of all taxpayers that owe back taxes to the IRS get put in the tax hardships,
2 .6.5 million people get put into payment plans and ,
3. 40,000 people get offers in compromise accepted.
As a general rule these are the most common ways that IRS will take your case off the enforcement computer.
Since 1982 we have been resolving IRS tax debt for individuals, businesses and corporations that owe back federal taxes including payroll tax debt.
IRS Tax Debt Help + Owe Back Taxes + Individual, Business, 941 Payroll Taxes + Unfiled Tax Returns + Trust Fund Taxes + IRS Settlements
by Jim Magary | Aug 20, 2015 | Tax Help
We are an “AFFORDABLE ” full service tax firm that specializes in IRS& New York State tax problems. Former IRS Agents, Since 1982. A plus Rated BBB.
We have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service. We are comprised of tax attorneys, CPAs and former federal and state tax agents.
We know the system inside and out. Let our years of experience work for you.
If you need to file back tax returns or owe the IRS a tax debt, we can go ahead and work out an effective tax settlement for you.
IRS will require a current financial statement to close your case off of the collection computer. Your current financial statement is the key to closing your case.
IRS after reviewing your current financial statement will either put you into a current hardship, asking for a monthly payment agreement or will consider the filing of an offer in compromise.
IRS Case Closures:
At the current time over 40% of the cases are put into a currently not collectible file, 6.5 million taxpayers have current monthly or installment agreements and 38,000 taxpayer settled by the acceptance of an offer in compromise.
Do you have unfiled or not file tax returns?
Many people do not file back tax returns because they lost their records or because of fear.
It is important to remember IRS just want you back in the system so don’t let fear or panic set in.
If this is your case, we can go ahead and pull IRS tax transcripts and secure enough information to file back tax returns.
If you have little or few tax records that is not a problem we can prepare your returns under reconstructive methods ensure you will pay the lowest amount allowed by law.
We can get you back in the system worry free.
Being a former IRS agents we understand all the techniques to get you back in the system worry free.
Beware : I caution those taxpayers who do not file to be very careful because IRS can file your tax return under 6020 B and you will pay the most amount allowed by law.
If you do not follow-up on the assessment IRS makes under 6020 B of the IRC code, the Internal Revenue Service will follow-up by the filing of a federal tax levy in a federal tax lien.
We will give you a free evaluation or analysis on the best way to settle your case for the lowest possible dollar amount if you are a suitable candidate for an offer in compromise.
When you call our office you will speak directly to a true IRS tax expert.
IRS + Unfiled Back Tax Returns + Remove Tax Garnishment Wages + Bank Levy + Stop Tax Liens + Set up Payment Plans + File Offer in Compromise + 10010, 10016, 10017, 10022
by Jim Magary | Aug 20, 2015 | Tax Help
We are AFFORDABLE IRS specialist experts for the Offer in Compromise for those wishing to settle their IRS tax debt.
Former IRS Agents, since 1982. Former IRS OIC Specialist. Experts for NY Taxes.
We are composed of former IRS agents and managers who were former employees of the Internal Revenue Service.
I am a former IRS agent and teaching instructor of the offer in compromise or tax debt settlement program along with other IRS programs and systems. I can let you know after minutes of reviewing your current financial statement whether you are a true candidate for the offer in compromise program offered by the Internal Revenue Service.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
We are true IRS experts who understand the IRS collection system.
You can call us today for free initial tax consultation and find out if you are a true offer in compromise tax debt settlement candidate.
Due to the IRS new fresh start initiative set out by the Internal Revenue Service many more taxpayers are eligible for the tax debt settlement.
Before a taxpayer or client thinks about the filing of an offer in compromise they should check out the IRS offer in compromise pre-qualifier tool first.
You can walk to the pre-qualifier tool on our site or call us today to learn more about it.
We will not file an offer in compromise or accept any fee for any client unless we know they are qualified for the program.
So if we send in your offer in compromise, you probably do have a pretty good chance of getting it accepted.
It is important to know you will that all back tax returns will have to be filed, up-to-date and current on the IRS computer system before the Internal Revenue Service will accept an offer in compromise.
IRS Tax Statistics for the OIC
Last year there were 78,000 offers in compromise were filed with the Internal Revenue Service, 38% of those were accepted for an average of $6500 per case.
Keep in mind this is a national average and varies from case to case is completely dependent on your current financial statement. IRS will conduct a thorough review of your financial statement before qualifying you for the offer in compromise program.
About 20% of all offers in compromise go to the Appellate Division for settlement.
Make sure you are eligible for the OIC.
Before IRS can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Submitting your offer or OIC to the Internal Revenue Service.
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF).
Your completed offer package will include:
• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
• $186 application fee (non-refundable); and
• Initial payment (non-refundable) for each Form 656.
Selecting a payment option for the offer in compromise program based on your needs.
Your initial payment will vary based on your offer and the payment option you choose:
• IRS 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.
• IRS 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, you must continue to pay monthly until it is paid in full.
While your offer in compromise is being evaluated please keep these things in mind:
• 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.
As a side note, taxpayers should be aware that all tax returns must be filed before they can have an approved offer in compromise.If you submitted an offer in compromise and IRS finds your tax returns are not file they will return the offer to you.
IRS Offer in Compromise + Tax Debt Settlements + Settle & Reduce IRS Tax Debt + Unfiled Back Tax Returns + Former IRS + NYC + 10010, 10016, 10017, 10022
by Jim Magary | Aug 20, 2015 | Tax Help
Former AFFORDABLE IRS agents and managers can completely resolve and end your IRS and New York State tax problems. Since 1982, A plus rated BBB.
FST specializes in IRS back tax problem help and we have been in private practice since 1982. We are A+ rated by the Better Business Bureau. We are true IRS tax experts.
We are comprised of tax attorneys, CPAs and former agents.
FST can stop an IRS final notice prevent, stop an IRS tax levy or wage garnishment and settle in IRS tax debt through the offer in compromise if you are a suitable candidate.
See more below.
We will handle your IRS tax problem, you will never speak to the Internal Revenue Service. We handle all communication. We can completely and your IRS tax problem.
End IRS Back Tax Debt Problem Help
As a former IRS agents we were auditors, revenue agents, revenue officers, supervisors and taught at the regional training centers. We know the IRS system inside and out, we taught IRS tax law as former IRS Agents.
With that much experience we understand the codes, protocols, settlement theories, and all the avenues to resolve any IRS back tax debt problem.
We can stop an IRS final notice, we can stop an IRS tax or wage garnishment levy and file any back tax returns that are currently not on file. We can reconstruct your tax return.
It is very important that every taxpayer respond to letters and notices out by the Internal Revenue Service. These IRS notices or time sensitive and IRS will follow-up with enforcement action if taxpayers failed to respond to IRS notifications.
If you do not file your tax returns, IRS will file for you under code section 6020B, assess the tax , and then can send out bank and wage garnishment levies. They can also follow-up by filing a federal tax lien.
IRS enforcement computer CADE2 will follow-up on every action of a letter sent.
IRS sends out 1.9 million tax levies each and every year. This includes bank levies and wage garnishment & third-party seizures.
Not only does it send out IRS tax levies it also sends out 700,000 federal tax liens every year as well. The IRS computer system is the largest collection machine in the world.
As a general rule, within 24 hours we can get your money back from Internal Revenue Service.
The closing method the IRS will use will depend currently on your financial statement.
As a general rule, cases either will be placed and to currently not collectible status or installment agreement.
Once we have your documented financial statement your case can will be resolved. Just for your information if you received an IRS wage levy by law your next paycheck goes to the Internal Revenue Service with some exemptions.
With a IRS bank levy there is a 21 day hold or freeze on the account. You can still continue to use your bank account.
On the 22nd day the banks will send the money to the Internal Revenue Service. Remember you are allowed to use your account freely during that period of time without fear of the second IRS levy.
The IRS will make sure that all your tax returns are filed and as a general rule will attempt to secure current financial statement so they can take your case off of all IRS enforcement computers.
With that in mind, the Internal Revenue Service will generally remedy your case by putting it into a non-collectible file, asking you to make payments, or letting you know you could be a choice candidate to settle your debts through the offer in compromise program.
Settling your IRS tax debt through the Offer in Compromise/Debt Settlements
I am a former IRS revenue officer who not only worked the program at IRS but was a regional trainer of the program.
I caution any taxpayer wanting to settle their debt for pennies on the dollar to make sure they are qualified applicants for the program.
When you call our office we will give you an initial free consultation to make sure you qualify.
We will walk you through the IRS offer in compromise program and let you know how much the IRS will settle your case for.
We are the fast and affordable professional tax firm.
Please feel free to call us for a second opinion even if your case is being worked by another professional tax firm.
End IRS Tax Problems + Former IRS + Levies + Audits + Payroll Tax Debt + Back Tax Returns + Settlements + Liens + Payment Options + NYC + 10010, 10016, 10017, 10022
