by Jim Magary | Jul 7, 2015 | Tax Help
If you are dealing with an IRS tax problem call us today, we are the “AFFORDABLE” professional tax firm with over 206 years of professional tax experience, since 1982. A plus rated BBB.
We have over 60 years of direct work experience in the local, district and regional tax offices of the Internal Revenue Service. Due to our years of experience we know the IRS system inside and out.
We have worked as IRS supervisors, IRS managers, and IRS teachings instructors.
As former employees we taught new IRS agents their job.
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 IRS federal tax lien, IRS payment plans and the settling of your case through an offer a compromise for pennies on a dollar.
Before we take on any new client we give more of them a free evaluation assessment and will not take a case unless we know we can help the taxpayer client.
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 communicate with the Internal Revenue Service. You will be copied on all information that IRS sends.
If you are received IRS certified mail you need to pick that correspondence because it is time sensitive and has certain dates and guidelines that must be met. If you are unable to get that correspondence we can always pull up IRS tax transcripts. but remember all IRS sent mail is time sensitive.
We can talk to you about the removal or the filing a federal tax liens, work out a payment plan, release a tax levy or talk to you about settling your debt to the offer in compromise program.
The IRS files 700,000 federal tax liens a year.
If you are going to owe back IRS taxes and wish a payment plan or which to reach a settlement with them call us today for a free initial tax consultation.
IRS reaches settlement agreements with 43% of all taxpayers who apply for an offer in compromise.
The average settlement is $6500.
Keep in mind this is the national average but varies depending on every person’s unique individual financial statement.
All financial statements will need to be completely documented along with bank statements, pay stubs, and proof of all expenses claimed on any financials turned into the IRS.
We will lay out a very specific plan and educate you about the process of tax resolution for your individual case.
IRS Tax Billing Notices
If IRS sends you a document it is time sensitive and taxpayers must follow-up on all time sensitive letters.
The system of the IRS Tax billing Notices, you must respond to 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.
The IRS Billing Notices for those that owe IRS Back Taxes. Remember all IRS mail is time sensitive.
These IRS tax notices are usually sent out in five-week billing cycles, exceptions do exist.
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
6.CP 91- CP298 -Final IRS Notice, You must answer his Notice!
Call us today for a free initial tax consultation and speak to a true IRS tax expert.
IRS Taxes = Final Notice + Certified Mail + STOP IRS NOW + Intent to Tax Levy + IRS Lien + IRS Payment Plan + Offer in Compromise = Fargo, Bismarck, Grand Forks, Minot
by Jim Magary | Jul 7, 2015 | Tax Help
The “Affordable” former IRS agents and managers who know the system, since 1982, A plus rated BBB.
We can offer affordable IRS tax audit defense, providing different types of settlements, and if you owe back taxes, provide quick and fast affordable tax solution options.
We can remove an IRS tax levy within 24 hours of receiving your current financial statement, talking about the removal of the federal tax lien in file all back tax returns with little or no records.
Being former IRS agents we know the system and know all the available resolution options.
We taught these programs at the Internal Revenue Service as former IRS agent managers and teaching instructors. We know every system used by the IRS.
We 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 tax professionals.
IRS Tax Levy
If you have received an IRS tax Levy, bank levy or wage garnishment notice, as a general rule within 24 hours of receiving your current financial statement we can close and settle your case with the Internal Revenue Service.
A note of interest to the taxpayer:
A wage garnishment is immediate seizure of your paycheck and the bank levy is a 21 day freeze on all funds. Both have the same effect but their timing is different. When you call us today will review your situation and let you know how to get your money back from the Internal Revenue Service.
Settlements
There are different types of settlements and we will review with you your different tax settlement options.
If you owe IRS taxes, you’ll have to fill out for IRS form 433F, it must be completely documented along with last three months of bank statements, paystubs and monthly expenses. IRS will ask for other documents as well.
IRS will then do a careful review and place your case out of the reach of the IRS enforcement computer.
There are various closing methods that IRS will use to take your case off the system. IRS we use form 433F to make that determination.
Taxpayer or Business Cases with the Internal Revenue Service usually settle by having your account put in the currently not collectible status, asking to make a IRS payment plan or the submission of an offer in compromise to settle your back tax debt.
Your financial statement is the key to your success because it is IRS’s sole determining factor on how your case will be resolved. It is important you have a tax professional per. And negotiate your settlement with the IRS for the best results.
Tax Facts re: Seizures
IRS levies close to 2 million taxpayers each and every year.
IRS file 700,000 federal tax liens each and every year.
These are an ugly numbers but IRS will only levy because taxpayers failed to respond when IRS sent out final notices.
It is very important that taxpayers answer all IRS correspondence because it is time sensitive information.
As former IRS agents we used to issue tax levies so it only makes sense we know the quickest process to get an IRS tax levy released. as a general rule once we file the power of attorney and communicate with IRS they will stop all IRS collection action.
One of the benefits of hiring a professional tax firm is knowing the system and how to work within it.
If you are undergoing an IRS tax audit you can have a former IRS audit manager represent your best interest in front of the Internal Revenue Service.
Approximately 1% of all taxpayers get audited by the Internal Revenue Service.
If you will back tax debt to the Internal Revenue Service you will required to give IRS a back financial statement along with copies of bank statements, pay stubs and your monthly bills.
When you call our office you will not speak to a salesperson but a true IRS tax professional.
Approximately 90% of all people who advertise in this vertical are nothing more than lead generation company selling your information to third parties.
Call us today for a free initial tax consultation, we are the fast, friendly, and affordable professional tax firm.
Owe IRS Taxes + IRS Problem Help + IRS Audit, Tax Levy, Tax Lien+ Resolve Tax Debt + File Back Tax Returns + AFFORDABLE
by Jim Magary | Jul 7, 2015 | Tax Help
Former IRS agents and managers know how to resolve back IRS debt, the “AFFORDABLE” professional tax firm.
We have been in private practice since 1982 and are true affordable tax experts in resolving individual, business and payroll taxes debt. We have taken our private practice nationwide. we are a very unique tax firm with the expertise and federal and state tax.
We are also composed of AFFORDABLE tax attorneys, CPAs and enrolled agents, accountants and others.
On staff for former IRS agents and managers who have over 60 years of combined IRS work experience.
As former IRS agents we taught tax law to new IRS employees. We know the system inside and out.
As former IRS agents we have worked as managers, supervisors and teaching instructors on the local offices. We also were teaching instructors for new IRS agents. We know the jobs, the manuals, the codes and all the procedures.
We have over 206 professional tax experience and are A+ rated by the Better Business Bureau.
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.
We know every possible protocol to resolve an IRS tax problem
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.
There are 3 General Way you can resolve IRS tax debt and after a careful review of your financial statement you will be able to make a choice. We will walk you through the process that can get you the best achieved result.
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.
As a general rule your financial statement will determine how IRS will close your settle your case.
That’s why it is important that a tax professional handle your tax negotiation.t.
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. we can file all back tax returns as well.
It is critical that you understand the importance of your current financial statement because it will determine the outcome of your case.
Most cases in which back tax debt is owed to Internal Revenue Service, the IRS will require a current and verifiable financial statement.
You can find those financial statements directly on our website.
The individual financial statement be on form 433F and the business financial statement will be on form 433B.
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.
PLEASE NOTE:
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. Trust fund taxes are worked like individual 1040 cases.
We will explore every option and can get you the very best possible tax settlement.
Since 1982 we have been resolving IRS tax debt for individuals, businesses and corporations that owe back federal taxes including payroll tax debt.
We are the fast, friendly, and affordable professional tax firm.
Call us today for a free initial tax consultation.
IRS Taxes Debt + Owe Back Taxes + Individual, Business, 941Payroll Taxes + Trust Fund + Not Filed Tax Returns + Offer in Compromise + Fargo, Bismarck, Grand Forks, Minot
by Jim Magary | Jul 7, 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, Since 1982.
We are the affordable professional tax firm that knows 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. Each case is unique and different and after initial consultation we can tell you exactly how your case will go down.
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. 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 you 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.
I am a former IRS offer specialist and have worked hundreds of offers in compromise.
As a revenue officer I both work this program was a teaching instructor for the tax debt settlement program.
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. Your case is completely determined by your current financial statement.
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 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 levies 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.
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. A much more seasoned IRS agent work sure case in the local offices.
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.
Being a former IRS agent teaching instructors gives us a huge advantage and the benefit of our experience is invaluable to our clients. We know the system inside and out.
The filling out of your financial statement is critical into the settlement of your case. 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.
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 currently uncollectible file or 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. You will pay the highest amount of tax allowed by law.
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.
It is 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 are the fast, friendly, and affordable professional tax firm.
Remove IRS Tax Levy NOW + Bank Wage Garnishment + File Back Returns + Settle NOW, Offer in Compromise + FORMER IRS + Fargo, Bismarck, Grand Forks, Minot,
by Jim Magary | Jul 2, 2015 | Tax Help
REVIEW OF FAIR TAX COLLECTION PRACTICES VIOLATIONS DURING FISCAL
IMPACT ON TAXPAYERS
The abuse or harassment of taxpayers by IRS employees while attempting to collect taxes reflects poorly on the IRS and can have a negative impact on voluntary compliance.
It is important that taxpayers receive fair and balanced treatment from IRS employees when attempting to collect taxes.
WHY TIGTA DID THE AUDIT
The overall objective of this review was to obtain information on any reported IRS administrative or civil actions resulting from violations of Fair Tax Collection Practices (FTCP) (Internal Revenue Code Section 6304) for cases opened after July 22, 1998, and closed during Fiscal Year 2014.
This information will be used to comply with the IRS Restructuring and Reform Act of 1998 requirement that TIGTA include in one of its Semiannual Reports to Congress information regarding administrative or civil actions related to FTCP violations.
WHAT TIGTA FOUND
Two FTCP violation cases were identified in IRS records that were closed in Fiscal Year 2014. Both employees were revenue officers performing collection work.
One case involved harassment of a taxpayer and multiple instances of intimidation practices, which are strictly prohibited. The other case involved a revenue officer contacting the taxpayer directly, instead of contacting the taxpayer’s power of attorney, as required.
In both instances, the employees were disciplined for their actions consistent with IRS guidelines.
In addition, TIGTA identified one case that was miscoded and should have been evaluated as a potential FTCP violation but was not. This case involved a revenue officer performing collection work who denied a taxpayer the right to consult with his or her power of attorney.
The employee was evaluated for unprofessional conduct and misuse of authority and was disciplined consistent with IRS guidelines.
There were no civil actions resulting in monetary awards for damages to taxpayers because of an FTCP violation.
WHAT TIGTA RECOMMENDED
TIGTA recommended that the IRS Human Capital Officer correct the miscoded case by appropriately coding it as an FTCP violation.
The IRS completed the corrective action during TIGTA’s review.
In their response, IRS officials stated they agreed with the facts in the report.
READ THE FULL REPORT
To view the report, including the scope, methodology, and full IRS response, go to:
http://www.treas.gov/tigta/auditreports/2015reports/201510045fr.html.
by Jim Magary | Jul 2, 2015 | Tax Help
We have over 60 years of working directly for the Internal Revenue Service and are true experts for settling of IRS tax debt. We are the affordable tax firm, since 1982.
I was a former IRS agent and teaching instructor of the offer in compromise program at the Internal Revenue Service.
We are true experts for the offer in compromise program to settle your IRS tax debt.
We can permanently and immediately resolve those who owe back tax debt to the Internal Revenue Service early defile back tax returns.
I worked in the local, district, and regional tax offices of the IRS. I know the system inside and out. as a visit to the environment will you is in it and you and you are in you as a and in and in and in and in and in and in so and so and in a letter to live as a
I caution everyone before filing an offer to make sure they are qualified candidate. It is very important you walk to the pre-qualifier tool before you waste time or money to make sure you’re truly qualified to be accepted to the program.
The workday and as every other year Do not be ripped off by tax mills promising you can settle your tax debt for pennies on the dollar, while it is possible sure you are prequalified for the program.
Last year approximately 78,000 offers in compromise were filed with the Internal Revenue Service and approximately 38,000 of those were accepted.
The average settlement was $6500 per case. Keep in mind this was the national average.
Call our office for a free initial tax consultation and find out whether you are a qualified candidate to file for offer in compromise.
Have former IRS agents and managers settle your tax debt with the IRS, since 1982, A+ rated BBB. The affordable tax firm!
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
The writer of this blog is a former revenue officer who both worked and was a former teaching instructor of the offer in compromise which is the way IRS settles IRS tax debt. Not only did I work the program at the Internal Revenue Service of the offer compromise, I was a teaching instructor. I know the program inside and out.
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.
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 always conducts a full compliance check to make sure all tax returns are on their system.
Many times IRS looks to reject offers rather than accept them because of the sheer amount of work it takes to get one approved by management. Rejecting the offer based on a lack of filing is the easiest way for IRS to reject your offer.
IRS – Offer in compromise Tax Debt Settlements
Please use the most current revision of Form 656-B in preparing and submitting your Offer in Compromise.
Use of outdated forms and instructions may cause a delay in the processing of your offer application.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe.
It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS considers your unique set of facts and circumstances: Each case is different
• Your Ability to pay;
• Your Income;
• Expenses; and
• Asset equity.
IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
Make sure you are eligible to settle
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.
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submit your offer in compromise
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.
Select a payment option for OIC
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 process for the OIC:
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.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982. we are the fast, friendly, and affordable professional tax firm.
IRS Taxes = Offer in Compromise + Settle with IRS Debt + Owe Back Taxes Debt + File Back Tax Returns + Former IRS Helena, Kalispell, Anaconda, Havre
