by Jim Magary | Aug 5, 2015 | Tax Help
We are an “AFFORDABLE” PROFESSIONAL Tax Firm, 24 hours of receiving your current financial statement we can get an IRS Tax Levy, Bank Levy, Wage Garnishment levy released & your case settled.
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.
We have worked in the system for over 60 years and understand the protocols and the internal revenue manual’s to get your levy released in your case closed with IRS.
On our staff have been IRS managers, supervisors, and teaching instructors with the IRS.
If you owe any type of back IRS or state taxes call us today for a free initial tax consultation and you can speak to a true IRS expert.
IRS usually levy only after these three requirements are met:
• IRS assessed the tax and sent you a Notice and Demand for Payment;
• You neglected or refused to pay the tax; and
• 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.
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 IRS levied 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.
Get your IRS tax levy, IRS bank levy, IRS wage levy garnishment tax levy released.
As a general rule, if taxpayers do not respond to final notice is sent by IRS, the Internal Revenue Service is required to send out a tax levy. Therefore, it is important to respond to all IRS requests by mail.
As a general rule no human hand touches IRS mail, it is all set out systemically by the IRS Cade 2 computer.
IRS generally sends out five billing notices and then the important 1058 that lets you know an IRS tax levy is to follow. The IRS also has the option depending on the dollar amount to file a federal tax lien. The IRS files 800,000 federal tax liens each and every year.
Once again you must answer all IRS mail and all IRS information is time sensitive. IRS will follow-up on all correspondence.
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 former IRS agent I can tell you that taxpayers stick their head in the sand and seal their own fate by not responding to the IRS final notice before seizure.
As a general rule, IRS sends out close to 1.9 million tax levies 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.
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.
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.
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.
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.
We can prepare any and all back tax returns with little or no records.
Please call us today for a free initial tax consultation, since 1982.
When you call our office, you will speak to a true IRS tax expert and tax professional.
Remove IRS Tax Levy FAST + IRS Bank Levy + IRS Wage Garnishment + Settle Back Tax Debt + Unfiled Back Tax Returns + Bloomington, Gary, Carmel, Fishers, Muncie
by Jim Magary | Aug 5, 2015 | Tax Help
If you are dealing with an IRS problem call us today, we are the AFFORDABLE professional tax firm with over 206 years of professional tax experience since 1982.
We have over 60 years of direct work experience in the local, district and regional tax offices of the Internal Revenue Service.
We know the IRS system inside and out. We have worked as supervisors, as managers, and teachings instructors.
If you have any sort of IRS problem contact us today and we can review with you various solutions to go ahead and help with an IRS final notice, certified mail, intent to levy, the filing of a federal tax lien, payment plans and the settling of your case through an offer a compromise.
If you have received an IRS final notice, we can stop IRS today with the simple filing of a power of attorney and with a direct IRS conversation.
We handle all correspondence and you will never have to communicate or speak with the Internal Revenue Service.
All of your communication goes through our professional and expertise staff.
If you have received an IRS notice of intent to levy, we can file a collection due process hearing also to stop IRS. There are a variety of other techniques that we will explain to you depending on your individual situation.
If you are going to owe back taxes and wish a payment plan or which to reach a settlement with them call us today for a free initial tax consultation. We will lay out a very specific plan and educate you about the process of tax resolution for your individual case.
If IRS sends you a document it is time sensitive and taxpayers must follow-up on all time sensitive letters.
If you do not respond IRS letters, their enforcement computer will send out liens, levies, and garnishments to go ahead and get your attention.
The IRS collection computer is the largest of its kind in the world.
The system of the IRS Tax billing Notices
Once a tax return is filed or IRS initiates a tax assessment, IRS sends out a series of five notices and those notices are sent five cycles or five weeks apart.
IRS has the option, depending on the dollar amount and the history of the taxpayer to speed up those assessments.
If you are in need a professional tax help call us today and speak to a tax firm who truly knows the system they can help you with any tax problem you have.
We can stop the IRS today because we know the system we worked in the system and we have the experience within the system.
The IRS Billing Notices for those that owe IRS Back Taxes:
1. CP 14 – This is the notice of balance due,
2.CP 501 – This is a Bill that you still owe tax,
3. CP503 – Important, Immediate Action Required
4. CP 504 – Urgent Notice – We Intend to Levy on Certain Assets, Please Respond Now
5. CP90/CP297/ – IRS Letter 1058 – Final Notice of Intent to Levy of Your Right to a Hearing
Caution, You Must Answer this Notice
6.CP 91- CP298 -IRS Final Notice
Call us today for a free initial tax consultation.
Received IRS Final Notice + Certified Mail + STOP IRS NOW + Intent to Levy Lien + IRS Payment Plans + Settle Offer in Compromise + Indianapolis, Fort Wayne, Evansville, South Bend, Hammond
by Jim Magary | Aug 5, 2015 | Tax Help
We are an AFFORDABLE full-service Christian tax firm specializing in all IRS & State tax matters and problems.
Since 1982 <>< A Plus Rated BBB.
We have been in private practice since 1982 and are a biblical-based tax firm.
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.
FST can handle any IRS or State tax matter, tax problem and offer options and resolutions to bring your IRS or State tax problem to immediate and permanent end.
We can get a release of an IRS tax levy within 24 hours of receiving your current financial statement, file any and all back tax returns and work out a settlement if you are a qualified candidate for the offer in compromise program offered by the Internal Revenue Service.
All our work is done in-house by true Christian tax professionals.
We have over 206 years professional tax experience and over 60 years of working directly for the Internal Revenue Service.
Our former IRS agents have over 60 years of working in the local, district, and regional tax offices of the Internal Revenue Service.
Our former IRS agents have worked as managers, supervisors, teaching instructors and also included writing part of the Internal Revenue Service manual.
On staff are Christian tax attorneys, Christian tax lawyers, Christian certified public accountants, Christian enrolled agents and Christian former IRS agents.
We are a solid biblical-based firm.<><
Please feel free to ask to us about our faith when you call us. We are available for appointments in our local offices, by Skype, or by telephone call.
When you call our office you will speak directly to a true IRS tax professional who can help you permanently resolve your IRS case.
You will speak to a true Christian tax professional that can inform you of the fastest and most affordable way to get IRS tax relief.
We can get an IRS tax levy released within 24 hours, file all back tax returns and talk to you about working out a tax settlement through the IRS offer in compromise program.
Christian IRS Problem Tax Relief – IRS Tax Levy, Offers to Settle Tax Debt, Unfiled Tax Returns, IRS & State Tax Representation
by Jim Magary | Aug 5, 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.
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.
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 tax experts. All our work is done in-house and we are used by other firms to do their backend work.
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.
Always remember you must be a true and qualified candidate.
As a former IRS agent, I would let all individuals who are trying to settle their debt on the own to understand that this is a long process.
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.
Statistics
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.
About 20% of all offers in compromise go to the Appellate Division for settlement.
You should know that not everyone is an offer in compromise candidate to settle their tax debt.
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
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:
• 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 improved offer in compromise.
IRS Offer in Compromise + Tax Debt Settlements + Settle & Reduce IRS Tax Debt + Former IRS Offer Specialist Expert + Indianapolis, Fort Wayne, Evansville, South Bend, Hammond
by Jim Magary | Aug 5, 2015 | Tax Help
We are an AFFORDABLE full service tax firm that specializes in IRS tax problems. Former IRS Agents who know the system. Since 1982, A plus rated.
We have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service. We know the system inside and out.
As Former IRS agents trained new IRS agents their jobs, that’s how well we know the system and these years of experience can work directly for you.
Let our experience be your best friend.
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.
We will review your case and give you a free initial tax assessment and let you know the programs you qualify for.
How IRS will close 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. The completion and the submission of the IRS financial statement is critical to the success of your case.
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 back tax returns?
Many people do not file back tax returns because they lost their records.
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.
Being a former IRS agents we understand all the techniques to get you back in the system worry free.
Do not let not having records keep you from filing your back tax returns.
We can pull IRS tax transcripts and prepare any and all back tax returns.
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.
Call us today for a free initial consultation and speak to a true IRS expert.
IRS Taxes = Unfiled Back Tax Returns, Tax Levy, Tax Liens, Payment Plans, Offer in Compromise Settlements, Affordable, Former IRS
by Jim Magary | Aug 5, 2015 | Tax Help
We are an Affordable Professional Tax Firm” that specializes in IRS and State tax debt resolution.
We are former IRS Agents & Managers who know the system, since 1982.
A plus Rated BBB. We have over 206 professional tax experience.
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 taught tax law when employed with the Internal Revenue Service.
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.
It is important to note that your current financial statement will determine the outcome of your case.
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.
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 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.
When you call us we will give you the financial statement applicable to your case.
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.
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.
Since 1982 we have been resolving IRS tax debt for individuals, businesses and corporations that owe back federal taxes including payroll tax debt.
Call us today for a free initial tax consultation.
IRS Taxes Debt Help + Back Taxes + Individual, Business, 941 Payroll Taxes + Unfiled Tax Returns + Trust Fund Taxes + Tax Settlements + Indianapolis, Fort Wayne, Evansville, South Bend, Hammond
