by Fresh Start Tax | Nov 7, 2012 | IRS Tax Debt, Tax Help, Tax Lawyer, Tax Relief, Tax Settlements
Last year 56,000 offers in compromise/tax debt settlements were filed with the IRS and 27% were accepted. Most of those that were accepted were filed through professional tax firms.
With the advent of the NEW Fresh Start Program, the filing of Tax Debt Settlements will go through the roof. The back log right now is at 7,700.
I am a Former IRS Agent and Teaching Instructor with the IRS.
I have reviewed hundred and hundreds of offers in compromise while working at the IRS. Being in private practice for over 27 years I have seen the results of many failed offers in compromise due to the pure lack of understanding about the program itself.
With the new Fresh Start Program, the IRS is finally trying to help struggling taxpayers. The attitude prior to the new program was “deny the offer.” Because Offers in Compromise or Tax Debt Settlements take so long to work and they get reviewed by supervisors, the typical IRS Agent would reject the offer and any grounds. The taxpayer not knowing better would quit the process. The IRS lost billions of dollars in revenue because it failed to properly facilitate the program.
With the inception of the the new Fresh Start Program hopes are high that the taxpayers burdened by tax debt will be able to finally settle there cases.
As a side note.
Do not submit your offer in compromise unless a tax professional pre-qualifies the offer. You will be wasting your time and lots of money unless you know you got a good chance of acceptance. We will not submit an IRS tax debt Settlement at Fresh Start Tax LLC unless there is an excellent chance of acceptance. 1-866-700-1040.
Much is written about Offers in Compromise, but follow these tax offer tips and you will have a significant chance of the IRS accepting your tax debt settlement
Throughout the course of our representation for hundreds of clients, we find ourselves engaged in conversations with the IRS Agents who run the offer program in Holtsville, New York and other District and Regional Office. We queried many of them.
We would ask, “Why are most offers returned or rejected?”
Here are some points the IRS offer specialist agent made:
A. Most taxpayers simply do not understand the concept of the offer. They submit an offer in compromise or a tax debt settlement simply because the program is available, having no idea of the assets and income requirement. Partial blame is geared towards false advertising to be the cause of these rejections. “Pennies on the dollar” has caused a frenzy of “everybody can settle.” IRS has strict qualification rules.
B. Believe it or not, many individuals only have one spouse sign the offer when both spouses are required to sign. As a result the offer must be reject by the IRS.
C. Many taxpayers do not send in the 20% of the offer required along with the Offer in Compromise. Some offers require the 20% payment down with the OIC. If the IRS technician sees the 20% is not attached, they simply return the Offer in Compromise.
D. A number of taxpayers fill out the form 656 incorrectly. The 656 is a legally binding document. If it is all not filled out correctly, the IRS must return the Offer in Compromise. All required blocks must be appropriately completed.
E. Some do not apply the income and expense formulas correctly. Different offers require different formulas. Some use a 48 multiplier and some use a 60 multiplier. Therefore the offer calculations are incorrect and the offer cannot be processed. This is the most common error.
F. On periodic offers, some individuals only send in one periodic payment and fail to comply after the offer in compromise has been submitted. Periodic offers in compromise require the taxpayers to make continued payments until the offer is work and accepted. The IRS simply rejects the offer at this point.
G. Some individuals have filed for bankruptcy and the IRS cannot work the Offer in Compromise.
H. Some of the taxpayers did add the values of all their assets. The IRS technician stated that many did not include IRA or pension monies because taxpayers thought they were excluded.
I. The 433 OIC is a very complicated form to complete. With that said the Offers were rejected because the Financial statements were inaccurate and did not make sense.
J. Many taxpayers simply did not calculate the correct math for acceptance. Those that submitted the 433B did not explain the carry overs to the 433A properly.
Understanding the process of a IRS Tax Debt Settlement
While your offer is being evaluated:
a. 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);
b. A Notice of Federal Tax Lien may be filed;
c. Other collection activities are suspended;
d. The legal assessment and collection period is extended;
e. Make all required payments associated with your offer;
f. You are not required to make payments on an existing installment agreement; and
g. Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
All accepted offers are a matter of public record and can be inspected in the Regional Office of the IRS. Appointment can be made to view those accepted cases.
Call us today for a free tax consult. 1-866-700-1040
IRS Tax Debt Settlement -Tax Attorneys, Lawyers – Get your Offer in Compromise Accepted
by Fresh Start Tax | Nov 6, 2012 | California Tax, IRS Representation, IRS Tax Problem, Representation, Tax Levy and Wage Garnishments, Tax Relief
IRS Bank Tax Levy, Wage Levy Garnishment – Tax Debt Resolution
We can get you immediate and permanent tax relief from your IRS Bank Levy or Wage Garnishment and settle your case all at one time. Get Tax Debt Resolution from true tax professionals. Do not be scammed.
We are A plus rated by the Better Business Bureau.
Fresh Start Tax LLC 1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
We have over 206 years of professional tax experience and over 60 years with the IRS in the local, district and regional offices of the IRS.
We can get results for Tax Debt Resolution within 48 hours so stop the worry now.
We have worked over 15,000 cases since 1982. Fresh Start Tax L.L.C. is A plus rated by the BBB.
What is a Bank Tax Levy and Wage Tax Levy
A IRS tax levy is a legal seizure of your property to satisfy a tax debt.
Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
A Bank Levy
A Bank Levy is a freeze on your bank account for 21 days. On the 22nd day if you did not resolve the issue with the IRS, the bank is obligated to forward the money to the IRS. Usually a tax firm can easily get the bank levy released.
A Wage Levy Garnishment
Unlike a bank account, a wage garnishment levy is a immediate seizure of your next paycheck and it will continue until to you call the IRS and get the wage levy released.You are allowed to keep about 10% of your paycheck while a wage levy garnishment is in place.
Releases or Removals
To get the Bank or Wage levy released IRS will want to make sure all your tax returns are filed and you have submitted a financial statement to the IRS.
The financial statement must be verified with documents to prove your income and expenses.
We at Fresh Start Tax LLC can usually get levies releases within days.
If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in.
For instance,
IRS can also seize and sell property that you hold such as your car, boat, or house, or
We could levy property that is yours but is held by someone else such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions.
IRS cannot levy until after three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You failed or neglected or refused to pay the tax and,
3. 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 must 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.
Note- if the IRS sends a levy 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.
Legal- Method of Delivery
Federal Tax Regulation 301.6331-1(c) authorizes the IRS to provide depositories notices of levy by mail. However, the regulation does not preclude in-person delivery of a levy to a local branch or office by a revenue officer. Additionally, depositories may not designate a specific branch or location for service of hand-delivered levies.
No matter how a levy is received, by mail or hand delivered, depositories are expected to adhere to IRS guidelines by immediately processing the levy and freezing all affected accounts for the 21-day period required by Internal Revenue Code Section 6332(c).
A mailed levy becomes effective the date and time the notice of levy is delivered to the depository. A hand-delivered levy becomes effective the date and time the notice of levy is hand delivered in person by a revenue officer.
Call us today to get immediate tax results, 1-866-700-1040
IRS Bank Tax Levy, Wage Levy Garnishment – Tax Debt Resolution
by Fresh Start Tax | Nov 5, 2012 | California Tax, Representation, Sales Tax, Tax Help, Tax Relief, Tax Settlements
Tax Relief – Help Settle IRS Tax Problem – Local Tax Firm California
If you are going through IRS or State Tax Problems or Issues call Fresh Start Tax L.L.C. 1-866-700-1040.
We are a local tax firm that resolve your IRS or State Tax Issues or Tax Problems. We can help resolve your tax debt once and for all.
Stop the worry now! Get tax relief today.
Fresh Start Tax
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
We are comprised of Tax Attorneys, Tax Lawyers, CPA’s, Enrolled Agents and Former IRS Agents, Managers, Appeals Agents and Instructors.
With over 206 years of professional tax experience and 60 years of direct IRS work experience in the local, district and regional offices.
IRS has different options in dealing with those taxpayers that have tax debt.
How we can get your tax relief to Settle and Negotiate your case with the Internal Revenue Service or the State of California:
1. Fresh Start Tax LLC will immediately send a power of attorney to the IRS or State of California letting them know we are now your tax representative.
You will never have to speak to the IRS or the State. We handle all tax correspondence. You can stop the sorry today.
2. Fresh Start Tax LLC will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant with tax laws.They can opt to file tax levies and tax liens.
We will pull your tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We have reconstructed thousands of back tax returns to get taxpayers the tax relief they need.
3. The IRS will requires a current financial statement. We will secure a required 433-A (IRS financial statement) or a 433F that will verify the income and expenses and work out a settlement agreement.
The IRS will require a closing settlement method for each case. This will take the case off of the CADE 2 enforcement computer.
4. Fresh Start Tax LLC will review with our clients how they want to settle their case.
We get our clients tax relief with a agreement based on their current financial needs.
IRS Tax Settlement Agreements can be in different forms:
a. Hardship Settlements.
Tax cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship. This is also called an Economic Hardship. They are millions of cases right now in Hardship Status.
b. Payment Agreements.
Open IRS Collection Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required. We can get your life back to normal.
c. IRS Offer in Compromise. There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility.
Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability.
A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:(1) the examiner made a mistake interpreting the law,(2) the examiner failed to consider the taxpayer’s evidence or(3) the taxpayer has new evidence.
3. Effective Tax Administration or Exceptional Circumstances.
There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Call us today and get experienced, honest and affordable IRS Tax Relief from the IRS or the State. 1-866-700-1040.
by Fresh Start Tax | Nov 5, 2012 | IRS Tax Problem, Representation, Tax Help, Tax Problem Help, Tax Relief
How to pick out the Best Tax Resolution Firm for IRS Tax Relief – Hire Former IRS Agents – Fresh Start Tax LLC 1-866-700-1040
IRS Tax Problem Help – Get the Right Tax Help to Solve IRS Problems, use Former IRS Agents
Do not be ripped off! It is easy to find out the Best Tax Firm for yourself.
Fresh Start Tax LLC is one of those tax firms with the highest rating in the business. 1-866-700-1040.
There are thousands of sites in the Internet that claim they are the right and best tax resolution firm/ company to get you IRS Tax Relief for IRS Tax Problems.
So how do you pick a tax firm to resolve your IRS problem once and for all?
With the down fall of J.K.Harris, Roni Duetch and Tax Masters you should look closer on who you chose before paying any money over to a tax firm that claims to be the best. There are many good one but few great ones.
Here is a list of things you should check for before choosing a tax resolution company.
1. Check out the Better Business Bureau Rating.
When looking at the BBB rating, find out how many complaints the company has had overall and especially those in the last couple months. This is usually a good indicator on the health of the company. Many companies actually have lawsuits filed against them.
2. Check out how long the Company has been in existence for.
If a company is brand new you may want to check a little further. Usually a history of how many years in business is a good indicator to the health of the Company. Stay away from new companies. Many times new companies are old companies that had to fold because of the number of BBB complaints and rating.
3. Check out how much IRS experience the companies employees may have.
As a Former IRS Agent and Teaching Instructor I have worked thousands of cases. Without any question while there are many good representatives that have not worked for the IRS the true cream of the crop of those who were former Agents.
Why?
Because they knew the closing systems and the tax procedures to close out the case. The former IRS agents were able to package the case the get the very best results for there clients. There is nothing like knowing the system.
3. When calling a tax company ask to speak directly to the person or professional that will be working your case. Insist on making that conversation taking place. If they are to busy to speak to you walk away quickly.
4. Check to make sure how many cases that person has worked before and what the probably result could be.
An experience tax professional can tell you with a high degree of accuracy how the case will probably be resolved. I can probably do that 99% of the time.
5. Check on the cost.
Flat fees are preferred so you do not get socked in the end. Some of these firms are charging $7500 and up. They are scam artists. Get two or three cost comparisons from various companies.
6. Does the firm guarantee a result.
No firm up front can guarantee a result. You must at least see a verified financial statement before rendering an opinion. If the firm is pushing they can get get you a tax settlement leave quickly. The offer in compromise” pennies on a dollar ” ploy has scammed thousands of taxpayers. Do not be a fooled.
7. Beware – When you call most companies you are calling a salesman. These people are called closers in the business. They sign you up make about 25% fee and promise you the moon without knowing much about the IRS. JK Harris was famous for this. You must check the credentials of the person you are talking with over the phone, at all cost avoid closers. Ask to speak directly to Tax Attorneys, Tax Lawyers, CPA’s, Enrolled agents or Former IRS agents.
8. Beware of Splash ads.
If you are cruising the Internet you will find thousands of what we call splash advertising campaigns. You can recognize them because they have little tax information and there will not be a Firm Bio page. These are advertisers trying to sign you up and sell your information to the highest bidder. Do not fill out these forms. Call the tax firm directly who you may want to hire.
Do your homework before hiring a Professional Tax Firm. Make sure they have on staff Board Certified Tax Attorneys, Lawyers, CPAs, Former IRS Agents and Managers. Also, check the following to ensure the creditability and history of the Tax Firm.
1. Better Business Bureau – www.bbb.org/us/Find-Business-Reviews
2. Complaints.com – www.complaintsboard.com
3. Rip Off Report – http://www.ripoffreport.com/
How to pick out the Best Tax Resolution Firm for IRS Tax Relief – Hire Former IRS Agents – Fresh Start Tax LLC
by Fresh Start Tax | Nov 1, 2012 | IRS Tax Problem, Representation, Tax Lawyer, Tax Levy and Wage Garnishments, Tax Relief, Tax Settlements
IRS Levy, IRS Tax Garnishments, Tax Settlements 1-866-700-1040
Stop the worry today. Use of years of IRS experience to settle your tax case.
We offer quick and affordable tax settlement solutions.If you have received a IRS Notice of Federal Tax Levy or Notice of a Tax Tax Levy Garnishment call us today to get immediate IRS tax relief.
1-866-700-1040. Free tax consult.
We are A plus rated by the Better Business Bureau.
On staff are Tax Attorneys, CPA’s and Former IRS agents. We cover all spectrum of IRS and State Tax Representation. We are a IRS and State tax specialty firm and are true experts in our fields. We have over 206 years of total tax experience.
We taught Tax Law at the IRS. We can get results fast, quick and for affordable pricing.
How the Release or Removal of your IRS Tax Levy or IRS Wage Garnishment take place.
IRS sends series of tax notices or letters to each tax entity that owes tax whether it be a business of a individual. All these tax notices or tax letters are sent out systemically.After of series of 3 letters or notices are sent to the taxpayer the IRS Cade 2 commuter system generates a notice of tax levy or wage garnishment.
If the levy was sent to your bank account the bank must freeze your funds for 21 days giving you time to call IRS and get the levy released or removed.
If the Notice of Wage Garnishment was sent to your employer a large portion of your check will be sent to the IRS until the levy is released.The Wage Garnishment will never stop unless you quit the job or work out a tax settlement.
To get the levy released the IRS has different plan options depending on your financial statement.
We will review your 433 A or 433 F, the IRS financial statement and review the best option that fits your lifestyle and work out a IRS tax settlement.
Levies vs. Liens
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
You must close your case off of the IRS enforcement computer.
If you do not pay your taxes or make arrangements to settle your debt the IRS may seize and sell any type of real or personal property that you own or have an interest in.
As a Example, the IRS could:
1.Seize and sell property that you hold such as your car, boat, or house,
2. the IRS could levy property that is yours but is held by someone else such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions,
3. Seize your IRA or pension plan,
4. File a Federal Tax Lien.
IRS can only seize usually after these three requirements are met:
1. After the IRS assessed the tax and sent you a Notice and Demand for Payment;
2. If you neglected or refused to pay the tax; and
3. After IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing at least 30 days before the levy.
Source of Delivery of the Levy or Garnishment to be valid.
IRS must 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.
IRS has the ability to levy or garnish your state tax refund.
Call us today 1-866-700-1040. Hire trust & experience.
by Fresh Start Tax | Oct 29, 2012 | Back Taxes, Tax Help, Tax Problem Help, Tax Relief, Tax Returns
Local IRS Tax Relief from Back Taxes or Unfiled Tax Returns
Fresh Start Tax LLC
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627 1-866-700-1040
Call us today for a no cost professional tax consultation. you can speak directly to true tax experts certified by the IRS to settle your IRS tax debt and get you tax relief.
If you are encountering a IRS or State Tax Problem and need IRS or State Tax Help call us today for a no cost consultation, 1-866-700-1040. We are a local tax firm.
We have over 206 years of professional tax experience and over 60 years of direct IRS and State Tax Experience for tax relief on back tax and unfiled, past due or late tax returns.
How to Resolve Owing Back IRS Taxes or Unfiled Tax Returns
IRS has different methods in working with taxpayers that owe delinquent back taxes and need tax relief.
There are one of three programs that you are eligible for when you owe back taxes.
IRS will either place your case into a Hardship or Noncollectable status, a installment payment or payment plan, or the IRS will entertain an offer in compromise or a tax debt settlement.
What drives the tax resolution by the IRS.
IRS has a standardized financial statement that you will be filling out. Whether you are a individual or own a business everyone is required to fill out and completely document a 433F or a 433A. These form vary depending on the Unit working the case.
IRS will require you have to have all tax returns filed and current to date.
How Fresh Start Tax LLC will settle and negotiate your case with the Internal Revenue Service:
1. Fresh Start Tax LLC immediately sends a power of attorney to the IRS letting them know we are now your tax representative. You will never have to speak to the IRS. We handle all communication and tax settlement.
2. Fresh Start Tax LLC will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS can and will refuse to work your case.
This is leverage that the IRS will use to get you tax compliant. Fresh Start Tax LLC can and will pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We are tax masters of reconstruction. We can file all your back tax returns within days.
3. The IRS requires a current financial statement. We will secure a required 433-A (IRS financial statement) or a 433F, verify the income and expenses and work out a settlement agreement with the IRS.
The IRS will require a closing settlement method for each case.
4. Settlement agreements and methods are either hardships, installment payments or the filing of an offer in compromise. All 3 types of settlements close your case off of the IRS enforcement computer.
5. We will review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
What are the Forms of IRS Tax Debt Settlement Agreements on back taxes on unfiled tax returns.
a. Hardship Settlements.
Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements.
Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. IRS Offer in Compromise. There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility.
Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability.
A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
1. the examiner made a mistake interpreting the law,
2. the examiner failed to consider the taxpayer’s evidence or
3. the taxpayer has new evidence.
3. Effective Tax Administration / Exceptional or Usually Circumstances.
There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable. You must have extraordinary experiences.
Call us today for no cost consult. We are your local tax representatives. 1-866-700-1040.
IRS Tax Relief from Back Taxes or Unfiled Tax Returns – Local Tax Help
