by Jim Magary | May 13, 2015 | Tax Help
We are a team of Affordable former IRS agents and managers who know the system. We have over 60 years of working directly for the IRS. We can completely resolve your IRS problem.
We are A+ rated and have been in private practice since 1982.
We have 206 years of professional tax experience staff of true IRS and state tax professionals.
If you owe back taxes to the Internal Revenue Service there are variety of resolutions available all dependent on your current financial statement.
Each case is different and there are no two cases the same. Each taxpayer needs their own unique plan.
Any time a taxpayer, business or corporate entity owes IRS back taxes the IRS will always secure a current documented financial statement. (433f, 433A, or 433B).
After the Internal Revenue Service verifies the financial statement they will analyze the statement based on the last three months bank statements, copy of all monthly expenses and verification of income and then make a determination on how to close the case off of the IRS enforcement computer. The IRS computer system is called the CADE2.
As a general rule those who owe back taxes will have their case closed as a general rule by either by the IRS putting you into:
1. Not Collectable, a tax hardship or currently non collectible file, or CNC,
2. Entering into an IRS payment plan, installment or monthly payment plan,
When you call us today we will give you a free evaluation or assessment as to different categories and resident resolutions available to those who owe IRS back taxes.
If you need to file back tax returns and have little records we can easily reconstruct your tax returns based on our former IRS agent background.
If you have received an IRS tax levy garnishment as a general rule within 24 hours of receiving your current documented financial statement we can get your tax levy garnishment released. IRS files 1.9 million tax levies.
We can offer you various solutions to IRS payment plans. IRS has three or four different payment plan options and we can walk to the various solutions based on your current tax debt in your financial statement.
We will also consider an offer in compromise or a tax debt settlement to close your case for pennies on the dollar if you are a true and suitable candidate for an offer in compromise.
The offer in compromise program is not for everybody.
You must be a qualified in suitable candidate. Call us and we will qualify you.
You will find on our website a pre-qualifier tool to find out if you can qualify for the tax that settlement program to settle your tax debt for pennies on a dollar.
If you call our office you can speak to a former IRS agent who worked the offer in compromise program as a former IRS revenue officer.
Call us today for free initial tax consultation and speak directly to true IRS tax experts who have been practicing since 1982 and our A+ rated by the Better Business Bureau.
We are the fast, friendly and affordable professional tax firm.
We have over 206 years of professional tax experience and over 60 years of direct IRS work experience.
IRS = Owe Back Taxes + File Back Tax Returns + Tax Levy Garnishment + IRS Payment Plans = Affordable, Citrus Heights, Alhambra, Tracy, Livermore, Buena Park
by Jim Magary | May 13, 2015 | Tax Help
I was a former IRS agent and teaching instructor of the offer in compromise program at the Internal Revenue Service.
I worked in the local, district, and regional tax offices of the IRS.
I’m a true expert when it comes to the offer in compromise.
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.
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.
Call our office for a free initial tax consultation and find out whether you are a qualified candidate to file for offer in compromise.
Fresh Start Tax LLC
Have former IRS agents and managers settle your tax debt with the IRS, since 1982, A+ rated BBB. The affordable tax firm!
We are composed of former IRS agents and managers who were former employees of 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.
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.
The best thing that you can do was walk through the pre-qualifier tool to make sure you’re a qualified candidate or call our office today and we will walk you through the process
Offer in Compromise
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:
• Ability to pay;
• 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
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
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
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
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.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We are a full-service professional tax firm that has a unique expertise in the resolution of all IRS tax matters.
Offer in Compromise = Los Angeles = Former IRS Agent, Offer Specialist, Hear the Truth
by Jim Magary | May 12, 2015 | Tax Help
If you are dealing with an IRS issue/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. We understand every possible solution to any type of IRS problem.
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 with the Internal Revenue Service.
If you have received an IRS notice of intent to levy, we can file a collection due process hearing also to stop IRS. Received and certified mail?
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.
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.
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
6.CP 91- CP298 -Final IRS Notice, You must answer his Notice
We’re the fast, friendly, and affordable professional tax firm.
Hear the truth from true tax professionals regarding IRS.
Received IRS Final Notice, Certified Mail + STOP IRS NOW + Intent to Levy, Lien, Payment Plans, Settle Offer in Compromise + Citrus Heights, Alhambra, Tracy, Livermore, Buena Park
by Jim Magary | May 12, 2015 | Tax Help
We are IRS specialist for the offer in compromise for those wishing to settle their IRS tax debt. I’m a former IRS revenue officer & teaching instructor of the offer in compromise. I know the system inside and out.
Have former IRS agents and managers settle your tax debt with the IRS, since 1982, A+ rated BBB. The affordable tax firm!
We are composed of former IRS agents and managers who were former employees of 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.
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.
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. Right now the current wait time of an offer in compromise is nine months. 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.
The best thing that you can do was walk through the pre-qualifier tool to make sure you’re a qualified candidate or call our office today and we will walk you through the process.
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+ rated by the Better Business Bureau and have been in private practice since 1982.
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.
Offer in Compromise, Settle IRS Tax Debt, File Back Tax Returns + AFFORDABLE + Citrus Heights, Alhambra, Tracy, Livermore, Buena Park
by Jim Magary | May 12, 2015 | Tax Help
We are affordable Former IRS Agents & Managers that specialize in the removal of IRS tax levies, bank levies, and wage garnishment levies. We know the system, since 1982.
As a general rule, 24 hours after receiving your current and verifiable financial statement we can get your IRS tax, bank levy garnishment released and your case closed with the IRS. There is a very specific system to make this happen.
It only makes sense as former IRS agents and managers, we know the system inside and out.
We have over 206 years professional tax experience and have been in private practice since 1982 and we are A+ rated by the Better Business Bureau.
We are one of the most experienced and affordable professional tax firm that specialize in IRS tax relief of IRS tax levies, bank levies and wage garnishment levies and case settlements. I’m a former IRS agent and taught the offer in compromise your tax debt settlement program.
There’s a very streamlined process too quickly, efficiently and for affordable fees get your IRS tax levy immediately released.
Our former IRS agents have worked in the local, district, and regional tax offices of the Internal Revenue Service.
We cannot only get your bank or wage levy released, we can settle your case all at the same time.
IRS will require a current financial statement before they will release a bank levy, wage garnishment levy. It will need to be a form 433F. IRS will require the last payments based statements, copy them all mostly expenses and a copy of your pay stub to verify your current financial statement. IRS will compare your financial statement with that of the national averages and regional norms and come up with a plan to close your case off the IRS enforcement computer.
As a general rule IRS settles case by putting them into hardship, payment agreements or the recommendation of settling your tax debt to the offer in compromise.
It is important for you to know if you owe back IRS tax debt, you will have to file all back tax returns before the Internal Revenue Service will negotiate with you.
Some of our clients are eligible for the new fresh start tax initiative called the offer in compromise to settle their tax debt for pennies on a dollar.
When speaking to somebody on our friendly staff, we will let you know if you are an eligible candidate to settle your tax debt.
We will ask for no fee to file an offer in compromise unless you are pre-qualified.
Call us today for a free initial tax consultation. We have an A+ rating by the Better Business Bureau and have been private practice since 1982.
STOP IRS BANK, WAGE GARNISHMENT LEVY NOW, & SETTLE, RESOLVE IRS TAX DEBT + AFFORDABLE, FORMER IRS
by Jim Magary | May 12, 2015 | Tax Help
We are an “affordable” professional tax firm that has been in private practices 1982.
If you wish to settle back IRS taxes can call us today to learn about the different systems IRS uses to settle back tax debt.
If you have any back tax issues with the Internal Revenue Service or have not filed back income tax returns, we can result in settle your case all at the same time.
We have over 206 years of professional tax experience in over 60 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
Fresh Start tax LLC is a much different firm than other companies. We do our own work in-house, most companies sub their work out to backend offices.
We are staffed with tax attorneys, CPAs and former IRS agents. Our vast experience and knowledge with the Internal Revenue Service works in your favor.
If you want to settle your back taxes, IRS will require a current financial statement along with documentation.
IRS rules require only form 433F, along with bank statements, copy of pay stubs, and monthly expenditures.
It is important a true professional full-out the financial statements because we know exactly what IRS is looking for and can help navigate the waters to get you achieved results.
Over 16 million taxpayers do not file annual tax returns.
If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS. If you not file your back tax returns, IRS can prepare them for you and you will owe more money than you should. IRS as the ability under 6020B to file for you. If you do not respond to the IRS bills and notices they send out as a result of filing your tax returns IRS will follow-up with tax levies in the filing a federal tax liens
IRS levies approximately 1.9 million taxpayers each and every year. We can remove an IRS tax or wage garnishment levy within 24 hours of receiving your current financial statement and or get you placed into a payment program or tax hardship depending on your situation.
We are a full service tax firm, since 1982. We are the fast, friendly and affordable professional tax firm.
Settle Back IRS Taxes, Not Filed Tax Returns, IRS Levy’s, IRS Payments, IRS Problems = Former Agents, Fast Affordable + Lakewood, Napa, Redwood, Alameda, Redondo
