by Jim Magary | Jul 30, 2015 | Tax Help
We are IRS specialist for the offer in compromise for those wishing to settle their IRS tax debt. Former IRS Agents, since 1982.
We are composed of former IRS agents and managers who were former employees of the Internal Revenue Service. We know the system. 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.
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 new fresh start initiative set out by the Internal Revenue Service many more taxpayers are eligible for the tax debt settlement.
The Internal Revenue Service is making the offer in compromise or the IRS tax debt settlement an easier process.
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. Right now there are 7500 cases in the IRS Q. the average wait time is currently nine months. IRS is swamped with cases and they have few employees to work the volumes of offers currently in the system.
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.
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.
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.
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
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
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
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.
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.
Please keep in mind that if you have had an offer in compromise rejected you may file another offer at any point in time.
We are a full-service professional tax firm that has a unique expertise in the resolution of all IRS tax matters.
Hear the truth today from an expert tax firm on IRS tax resolution matters.
We are the fast, friendly, and affordable professional tax firm.
As a side note, taxpayers should be aware that all tax returns must be filed before they can have an improved offer in compromise. We can prepare any and all back tax returns.
Offer in Compromise + IRS Tax Debt Settlement Program + Settle Tax Debt Bill + Former IRS Offer Specialist + Oklahoma City, Tulsa, Norman, Broken Arrow, Lawton
by Jim Magary | Jul 30, 2015 | Tax Help
The Affordable Professional Tax Firm, Since 1982.
24 hours of receiving your current financial statement we can get an IRS Tax Levy, Bank Levy, Wage Garnishment levy released and your case settled with the IRS.
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.
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.
We have worked out of the local, district, and regional tax offices of the Internal Revenue Service.
Some on our FST staff have been IRS managers, supervisors, and teaching instructors. While employed at Internal Revenue Service we taught tax law.
To get your IRS tax levy, 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. It is important to respond to all IRS request by mail.
As a general rule, IRS sends out close to 1.9 million tax levies each year and sends out approximately 800,000 federal tax liens.
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.
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. We will also talk to you about the settling of your case with the offer in compromise program specifically the new fresh start initiative.
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.
If you have any other issues are tax matters problems call us today and speak to true IRS tax professionals who know the system. We are the friendly, affordable and experienced professional tax team practicing since 1982.
We have over 206 years of professional tax experience and have an A+ rated by the Better Business Bureau.
All our work is done in-house.
IRS Tax Bank Levy, IRS Wage Garnishments + Remove & Settle NOW + Unfiled Tax Returns + Affordable, Former IRS + Oklahoma City, Tulsa, Norman, Broken Arrow,
by Jim Magary | Jul 30, 2015 | Tax Help
An “Affordable Professional Tax Firm” that specializes in IRS and state tax resolution. We are former IRS Agents & Managers who know the system, since 1982. A plus Rated.
We have been in private practice since 1982 and are true affordable tax experts in resolving individual, business and payroll taxes debt. We have over 206 professional tax experience.
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 understand all the protocols and systems to affordably and swiftly deal with any IRS tax issue.
We can help anyone who owes any federal, State, individual, business, or payroll taxes including those who have not filed back tax returns and those wishing to settle IRS tax debt.
We have over 60 years of direct work experience at the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
If you owe back taxes whether it be individual, business/corporate, back payroll taxes contact us today and we can review with you different tax solutions to go ahead and permanently and immediately remedy your problem from the Internal Revenue Service.
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. Therefore the preparation and the completion of your financial statement is the key to success and negotiation with the IRS is critical.
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.
40% of all taxpayers that owe back taxes to the IRS get put in the tax hardships, 6.5 million people get put into payment plans and 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 = Owe Back Taxes = Individual, Business, Payroll Taxes + UnFiled Tax Returns + Trust Fund Taxes + Settlements = Oklahoma City, Tulsa, Norman, Broken Arrow, Lawton
by Jim Magary | Jul 30, 2015 | Tax Help
The Affordable Christian Tax Experts <><. We have been in private practice since 1982 and are a biblical-based tax firm
We have over 206 years of professional tax experience and our true experts for all IRS 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.
When you call for initial consultation we will go over every possible option available to you.
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 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 Christian tax firm of 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 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.
Christian IRS Tax Services Firm = IRS Tax Problems + IRS Tax Levy + Tax Liens Help + IRS Debt Settlements + Unfiled Tax Returns + IRS Tax Audit + Payment Plans
by Jim Magary | Jul 30, 2015 | Tax Help
The AFFORDABLE Tax Firm. 24 hours of receiving your current financial statement we can get an IRS Tax Levy, Bank Levy, Wage Garnishment levy released & settle your case.
We know the system, as Former IRS Managers and Agents. We have a combined 60 years of agent, managerial and supervisory experience as former IRS agents.
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.
There is a very specific format to get a tax levy released.
Not only can we get your tax levy released or removed we can also settle your case at the same time. We can get the IRS off your back today. IRS will close your case off the IRS collection computer.
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.
We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau. We have over 206 years of professional tax experience.
What it takes to get your IRS tax levy, wage levy garnishment tax levy released or removed.
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. It is important to respond to all IRS requests by mail. IRS generally sends out five billing notices and then the important 1058 that lets you know an IRS tax levy is to follow.
Once again you must answer all IRS mail. 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 and the IRS files close to 800,000 federal tax liens.
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 letting the public know that you will money to the Internal Revenue Service. It can actually destroy your credit.
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. Over 40% of the cases get put into tax hardship and 6.5 million enter monthly payments.
Others have the options to file for tax debt settlement called the offer in compromise but you must qualify for the program.
When you call us we will go over the various solutions.
There is a pre-qualifier tools that we have taxpayers and clients fill out to find out if they can settle their debt for pennies on the dollar. We do not file for an offer in compromise unless we know you’re a qualified candidate.
To file for the offer in compromise all your tax returns must be filed.
Note: 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.
Call us today for free initial tax consultation. When you call our office you will speak to a true IRS tax professional.
Remove IRS Tax Levy + Bank Levy, Wage Garnishments + Settle IRS Tax Debt NOW + Unfiled Returns, Former IRS
by Jim Magary | Jul 30, 2015 | Tax Help
The Affordable & Experienced Professional Tax Firm, A+ rated BBB, since 1982. Stop the IRS NOW , Former IRS.
As former IRS agents and managers we know the system if you owe back IRS taxes and need to stop an IRS tax levy or tax lien.
We are a full-service tax firm that specializes in IRS tax relief and in IRS successful tax representation.
We have over 206 years of professional tax experience in dealing with IRS tax matters and tax problems. We are true IRS tax experts.
If you owe IRS taxes, we can find an IRS tax solution specifically to fit your needs. Your current financial statement is the main determining source how IRS will end your problem.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We can immediately stop an IRS tax levy and provide to you affordable IRS tax relief.
We can represent you during an IRS tax audit, file back tax returns or settle an IRS tax debt through the offer in compromise program if you are qualified and suitable candidate.
Due to our years of experience at the Internal Revenue Service, we understand the system. we know all the protocols, settlement theories and all the options to go ahead and to deal with those who owe back IRS taxes and have IRS tax debt.
Our former IRS agents have over 60 years of working directly for the IRS and the local, district, and regional tax offices of the IRS.
FST can have former IRS agents and managers defend you if you are going through an IRS tax audit or get an IRS tax levy released within 24 hours of receiving your current financial statement.
We can also work out tax settlement with the Internal Revenue Service if you are a true candidate to settle your tax debt through an offer in compromise.
IRS Tax Levy, Bank Levy, Wage Garnishment Releases
Before the Internal Revenue Service will release a tax levy, they will need a current financial statement. IRS will require a 433F to be completely documented. many times many times the sole determining factor on the outcome of your case is depended on the preparation, completion and the review of your 433 f financial statement.
As a general rule, 40% of all cases end up in a current hardship and 6.5 million people and up having a payment agreement.
We will go ahead review your financial statement enclosures case off the IRS collection computer and get your tax levy removed all at the same time.
If you need to remove or have federal tax lien issues call us and we will go over the different procedures made available by IRS.
For those of you needing to file back tax returns we can do so by pulling IRS tax transcripts or doing a reconstructive tax return to prepare your back returns and settle your tax debt if in fact that is the case. It is important for you to file your back tax returns because if not, IRS has the right under code section 6020b to prepare the returns, many lose tax refunds and will pay the highest amount of tax allowed by law.
Call us today for a free initial tax consultation and we can walk you through the different processes and resolutions to go ahead to immediately and permanently relieve your IRS tax back debt.
You will never have to speak to the Internal Revenue Service as we handle all correspondence and communications.
Call us today for a free initial tax consultation and speak to a true IRS tax professional.
We are true tax experts from those who owe back IRS taxes, dealing with the IRS tax levy or tax lien, undergoing an IRS tax audit or need to file back tax returns. We are true experts for the settlement of back tax debt called the offer in compromise.
OWE IRS Back Taxes + Stop Tax Levy, Tax Lien + IRS Audits + File Back Tax Returns + Settle Back Tax Debt + AFFORDABLE = Former IRS Oklahoma City, Tulsa, Norman, Broken Arrow, Lawton
