Fix IRS Tax Bill Notice, IRS Tax Negotiation, IRS Tax Settlements – Former IRS Tax Experts

by Fresh Start Tax | May 8, 2013 | Tax Help

Fix IRS Tax Bill Notice, IRS Tax Negotiation, IRS Tax Settlements – Former IRS Tax Experts   1-866-700-1040

 
If you have received an IRS tax bill notice and need to fix the IRS situation contact us today to negotiate your IRS tax bill or problem with the Internal Revenue Service.
We are comprised of tax attorneys, certified public accountants, and former IRS agents, instructors and managers who have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
We have worked thousands of cases since 1982 and our experts and fixing an IRS tax bill notice or settling or negotiating your case with the Internal Revenue Service.
While working with the Internal Revenue Service we actually taught tax law and tax policy to new IRS agents. We are also IRS tax settlement experts in resolving your tax debt through the IRS offer in compromise. On staff is a former IRS settlement agent who taught this program to eligible IRS employees.
 
 

What the  Internal Revenue Service will need to fix an IRS tax bill notice.

 
 
Before the Internal Revenue Service takes any taxpayer off their enforcement computer system IRS will require a full analysis of a current financial statement.
That financial statement will happen on a form 433-F.
It is the IRS version of the government financial statement. IRS will need to receive a fully documented 433-F along with all documentation to support it for its accuracy. Along with the financial statement IRS will need copies of all receipts of expenses, pay stubs, and 3 to 6 months worth of bank statements before they will attempt to fix the IRS tax debt and work out an IRS tax negotiation.
 

Different types of IRS determinations.

 
After IRS reviews your current financial statement, taxpayers will find themselves eligible for one of three positions that are used by the Internal Revenue Service to dispose of cases. After the review of the financial statement the taxpayer will find out they are generally eligible to be placed in a  non-collectible status or be put into our current economic tax hardship. Second, the IRS may also let you know that you must make a installment agreement and start making monthly payments to the IRS. Third that you may be eligible for an IRS tax settlement.
No matter what decision the agent on the phone or with the agent and the local office  there is an appeal process to rectify the problem.
Contact us today for a free initial consultation and hear the different options on how to fix your IRS tax bill notice and permanently and immediately get rid of your IRS problem through an IRS negotiation.
 
 

 The new IRS fresh start program may be able to help you

 
 
The IRS Fresh Start program makes it easier for taxpayers to pay back taxes and avoid tax liens. Even small business taxpayers may benefit from Fresh Start.
Here are three important features of the Fresh Start program:
1.Federal  Tax Liens.
The Fresh Start program increased the amount that taxpayers can owe before the IRS generally will file a Notice of Federal Tax Lien. That amount is now $10,000.
However, in some cases, the IRS may still file a lien notice on amounts less than $10,000.
When a taxpayer meets certain requirements and pays off their tax debt, the IRS may now withdraw a filed Notice of Federal Tax Lien.
Taxpayers must request this in writing using Form 12277, Application for Withdrawal.
Some taxpayers may qualify to have their lien notice withdrawn if they are paying their tax debt through a Direct Debit installment agreement.
Taxpayers also need to request this in writing by using Form 12277.
If a taxpayer defaults on the Direct Debit Installment Agreement, the IRS may file a new Notice of Federal Tax Lien and resume collection actions.
2. Installment Agreements  or payment agreements.
The Fresh Start program expanded access to streamlined installment agreements.
Now, individual taxpayers who owe up to $50,000 can pay through monthly direct debit payments for up to 72 months (six years). While the IRS generally will not need a financial statement, they may need some financial information from the taxpayer.
Taxpayers in need of installment agreements for tax debts more than $50,000 or longer than six years still need to provide the IRS with a financial statement. In these cases, the IRS may ask for one of two forms: either Collection Information Statement, Form 433-A or Form 433-F.
3. Offers in Compromise.
An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount. Fresh Start expanded and streamlined the OIC program. The IRS now has more flexibility when analyzing a taxpayer’s ability to pay.
This makes the offer program available to a larger group of taxpayers.
Generally, the IRS will accept an offer if it represents the most the agency can expect to collect within a reasonable period of time. The IRS will not accept an offer if it believes that the taxpayer can pay the amount owed in full as a lump sum or through a payment agreement.
The IRS looks at several factors, including the taxpayer’s income and assets, to make a decision regarding the taxpayer’s ability to pay. Use the Offer in Compromise Pre-Qualifier  tool that you can find on our website.
Contact us today for free initial consultation and we can go over all your tax options and show you a way on how to fix your IRS tax bill notice through IRS negotiations. Should you need or qualify for IRS tax settlement we can review the program and find out if you are eligible candidate.
Give your money to no firm until you talk to the tax professionals at fresh start tax we are A+ rated by the Better Business Bureau.

Forgot to File Back Tax Returns – How to get back in the System Safely

by Fresh Start Tax | May 7, 2013 | Tax Help

Forgot to File Back Tax Returns – How to get back in the System Safely   1-866-700-1040

 
 
As a former IRS agent I will explain to you how to get back in the system safely, without worry and more importantly without pain or change in your life.
You can file your back tax returns and if you owe back taxes, we can work out a tax settlement.
Our firm has over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service.
Not only were we former IRS agents, managers and supervisors we also taught tax law at the Internal Revenue Service.
 
Millions upon millions of tax returns do not get filed every year by taxpayers for various reasons. So you are not alone.
 
As a general rule, once a taxpayer does not file for one year it starts a snowball effect.
Fear usually sets in and taxpayers just stop filing their tax returns. At some point taxpayers know they will be contacted by the Internal Revenue Service but they continue to play the IRS  lottery in hopes their numbers will be not called.
However sooner or later IRS will catch up to you or your Social Security number.
 
The best advice I can give taxpayers is to get their head out of the sand and to take an assertive position and rectify the problem well before the IRS contacts you.
 
If you take the assertive position and contact a tax professional do the proper planning your case can go very smoothly. If you wait to the last minute to go ahead to rectify this, the Internal Revenue Service will have the upper hand. So remember planning is key.
 

IRS can file for you, this is bad news

 
Many taxpayers do not know that IRS can actually file their tax return for them under 6020 of the Internal Revenue Code.
If that happens, the taxpayer will wind up with a huge tax bill because IRS will not allow anything but the standard exemption. It is critical that taxpayers open all IRS mail and find out what stage there case is in.
 

IRS can file your tax return under 6020 IRC

 
a) Preparation of return by Secretary
If any person shall fail to make a return required by this title or by regulations prescribed thereunder, but shall consent to disclose all information necessary for the preparation thereof, then, and in that case, the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.
(b) Execution of return by Secretary
(1) Authority of Secretary to execute return
If any person fails to make any return required by any internal revenue law or regulation made thereunder at the time prescribed therefor, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.
(2) Status of returns
Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.
 

IRS can Levy or Garnish

 
After the Internal Revenue Service makes an assessment,  IRS bills or notices go out. They will be followed up by an IRS  bank tax levy or IRS garnishment levy and then usually followed up with the filing of the federal tax lien. This usually happens  over a 3 to 4 months after you file your tax returns.
 

How to get back in the system safely

 
If you have forgot to file your back tax returns and you want to get back in the system safely the process is very simple.
File all your back returns all at one time.
IRS keeps a copy of all your income sources for the last seven years.
These are stored on the CADE2  computer. IRS has a copy of all W-2’s , 1099s or any third party reports of income that were filed  by these third parties. A taxpayer can simply request their income report from the Internal Revenue Service and use that as a base to start the preparation of filing their back tax returns that they forgot to file.
Believe it or not many taxpayers actually have refunds that the IRS will issue if they file their back tax returns. It important to know there is a three-year statute of limitations on receiving money back from the Internal Revenue Service.
If you have tax refunds coming on your back tax returns ,you have to do nothing but wait for your refund checks. If you are going to owe back taxes the IRS will send out a series of three or four notices, each one stepping up the tone in the attitude of the letter.
Once you receive the final notice of intent to levy or seizure you should immediately contact the IRS but before that you should have a definitive plan of action that you are ready to roll into.
 

If you will owe money to the IRS on Back Tax Returns

 
If you forgot the file back tax returns and will owe money to the IRS,  the IRS  has three or four different programs that can help you get back in the system and not be financially strapped.
IRS will ask for a financial statement, a 433-F to help them make that determination. You can find that form on our website.
A taxpayer must submit this financial statement along with all documentation including bank statements and pay stubs to an IRS agent either at the service center or local office. Based on your financial statement the Internal Revenue Service will determine whether you are currently noncollectable and put you went to an economic tax hardship, or ask for a monthly installment payment or suggested the filing of a offer in compromise.
 

A summary

 
So if you want to get back in the system safely and you forgot the file back tax returns simply contact the Internal Revenue Service and asked them for your income transcript to prepare your back returns. They will give you a date when all tax returns are due and if you  owe taxes just to give IRS your personal financial statement and work out a solution to resolve your matter.
As a former IRS agent I will tell you is always the best to use a professional tax firm to help you negotiate any IRS issue or problem you are having with. Even though many taxpayers attempt to do this on their own they will never get the same results as a professional tax firm.
Call us today for free initial consultation.
 
Forgot to File Back Tax Returns – How to get back in the System Safely
 
 
Contact us today and we can find an affordable tax solution to help you rectify your problem to resolve your back tax return issues
 
 

Back Taxes IRS – How to get your Best Settlement Deal with the IRS – Former IRS Settlement Agents

by Fresh Start Tax | May 6, 2013 | Tax Help

Back Taxes – How to get your Best Settlement Deal with the IRS       1-866-700-1040

 
 
If you want to know how to get your best settlement deal with the Internal Revenue Service you want to talk to former IRS agents who used to work the offer in compromise program with the Internal Revenue Service.
Being former IRS Agents we know the exact formula and settlement procedures that will be used by the Internal Revenue Service. We guarantee that we can get your best settlement deal because we taught the program at the IRS.
 
58,000 taxpayers filed for an IRS tax debt settlement last year and of those some 18,000 offers in compromise were accepted by the Internal Revenue Service.
The reason the acceptance rate is up is because IRS is loosening up the standards for the offer in compromise program.
The average settlement time is between six and nine months and the average settlement dollar  is $.14 on the dollar.
However do not let the $.14 on a dollar fool you.
This is no more than an average. Each case is unique and completely depends on your individual situation.
 

New IRS Settlement Program

 
The IRS has expanded its “Fresh Start” initiative by offering more flexible terms to its Offer-in-Compromise Program.
These newest rules enable some financially distressed taxpayers to clear up their tax problems even quicker.
An offer-in-compromise (OIC) is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
An OIC is generally not accepted if the IRS believes the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to determine the reasonable collection potential.
This expansion of the “Fresh Start” initiative focuses on the financial analysis used to determine which taxpayers qualify for an Settlement Deal.
 

Here are some  of the Settlement changes:

 
Revising the calculation for a taxpayer’s future income The IRS will now look at only one year (instead of four years) of future income for offers paid in five or fewer months; and two years (instead of five years) of future income for offers paid in six to 24 months.
All OICs must be paid in full within 24 months of the date the offer is accepted.
Allowing taxpayers to repay their student loans Minimum payments on student loans guaranteed by the federal government will be allowed for the taxpayer’s post-high school education. Proof of payment must be provided.
Allowing taxpayers to pay state and local delinquent taxes.
When a taxpayer owes delinquent federal and state or local taxes, and does not have the ability to fully pay the liabilities, monthly payments to state taxing authorities may be allowed in certain circumstances.
Expanding the Allowable Living Expense. Allowance Standard allowances incorporate average expenses for basic necessities for citizens in similar geographic areas. These standards are used when evaluating installment agreement and offer-in-compromise requests. The National Standard miscellaneous allowance has been expanded. Taxpayers can use the allowance to cover expenses such as credit card payments and bank fees and charges.
 

The New Streamline Settlement Program

 
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.
In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
OICs are subject to acceptance based on legal requirements.
An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.
The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
 
 

How to Get the Best Settlement Deal with the IRS

 
The Internal Revenue Service uses very specific standards to settle IRS tax debt.
If you are unfamiliar with the standards used by the Internal Revenue Service you will have no way of knowing how low the Internal Revenue Service will go. With that said there is a formula that is used.
 

The Settlement deal formula is comprised of two factors, assets and income.

 
IRS will want to know what your total liquidation value of the total sum of all your assets including pensions, equities in homes and all personal assets.
IRS will conduct an income to expense ratio to find out if you have any disposable income left over after the national and regional standards are applied.
If you are not familiar with the IRS national and regional standard tests you need to be. This is a very critical element of the settling process because should  the IRS finds that you have disposable income left over after the national and regional standard tests are applied the IRS will multiply that monthly overage times 12. Just for the record the national and regional standards of the same standards that are set up by the United States trustee for bankruptcy and other government  agencies in regard to reasonable standards and financial cases.
IRS will then add up your total equity that you have in all your assets plus the disposable monthly income left over times 12 and that will comprise your offer compromise settlement number to the Internal Revenue Service.
IRS will generally accept no less than that figure unless some unusual hardships exist.
 

The Pre-Qualifier Tool for Settlements

 
IRS has made a much easier for taxpayers to settle with the Internal Revenue Service by now using a pre-qualifier tool that you can find our website. It is best for every taxpayer to walk to the pre-qualifier tool to find out for themselves if they can if they are a legitimate settlement candidate.
 
There are so many little factors that can reduce your settlement offer to settle for less with the Internal Revenue Service.  There are many monthly expenses it can be included in  your offer in compromise at the Internal Revenue Service will not tell you about.
Unless you’re a tax expert in the field you will not know the smaller things that can help reduce your offer to settle for less. Yes, we know the loopholes.
After working thousands and thousands of cases and being tax experts in settling with the Internal Revenue Service we will conduct a free tax analysis to let you know what the very best deal that you will get to settle for less.
Unless you’ve either work for the Internal Revenue Service or filed hundreds and hundreds of offers in compromise it would be absolutely impossible to let any taxpayer no just how low the IRS will go.
Being former IRS agents we know all the standards, all the protocols, all the settlement boundaries, and all the applicable standards that will be of plight against every single case.
 
 

The National Standards (you can find these on our website)

 
 
Collection Financial Standards are used to help determine a taxpayer’s ability to pay a delinquent tax liability.
Allowable living expenses include those expenses that meet the necessary expense test.   The necessary expense test is defined as expenses that are necessary to provide for a taxpayer’s (and his or her family’s) health and welfare and/or production of income.
National Standards for food, clothing and other items apply nationwide.
Taxpayers are allowed the total National Standards amount for their family size, without questioning the amount actually spent.
National Standards have also been established for minimum allowances for out-of-pocket health care expenses.
Taxpayers and their dependents are allowed the standard amount on a per person basis, without questioning the amount actually spent.
Maximum allowances for housing and utilities and transportation, known as the Local Standards, vary by location.   In most cases, the taxpayer is allowed the amount actually spent, or the local standard, whichever is less.
Generally, the total number of persons allowed for necessary living expenses should be the same as those allowed as exemptions on the taxpayer’s most recent year income tax return.
If the IRS determines that the facts and circumstances of a taxpayer’s situation indicate that using the standards is inadequate to provide for basic living expenses, we may allow for actual expenses.
However, taxpayers must provide documentation that supports a determination that using national and local expense standards leaves them an inadequate means of providing for basic living expenses.
Contact us today if you have any back tax issues with the Internal Revenue Service. Due to our years of experience at the Internal Revenue Service we can assure them guarantee you that we can get your best settlement deal from the IRS.
All tax consultations are free, we are A+ rated by the Better Business Bureau have been in practice since 1982.
 

Back Taxes IRS – How to get your Best Settlement Deal with the IRS