Debt Settlement Service that are provided by Fresh Start Tax LLC are some of the very best in the country simply because of our tax experts are leaders in the industry for IRS Debt Settlement.
When you work at the Internal Revenue Service and you were a Former IRS instructor who taught the Offer in Compromise program to other IRS Agents you are a true tax specialist.
On staff are Former IRS agents who have over 60 years of direct IRS experience in the local, district and Regional Offices of the IRS.
Debt Settlements with the IRS are called Offers in Compromise.
Last year the IRS settled 27% of the cases. The average settlement was 14 cents on a dollar.
80% of those cases accepted for settlement were sent in by professional tax resolution companies.
It is important to know the IRS made significant changes to there Debt Settlement Program called the Offer in Compromise through the new Fresh Start Program.
Today because of this change many more taxpayers will be eligible for Offers.An Offer is not for ever taxpayer. If the value of your assets exceed the amount you owe, you are not eligible for an Offer in Compromise.
The Offer in Compromise process takes an extensive look into the Assets and Income of each taxpayer and each and every case is very unique. There are no two cases the same.
Offers are generally based on a specific formula:
Total assets plus, income minus expenses times 12.
To see if you qualify , call us today for a no cost consultation. You may select your payment option. 1-866-700-1040.
Selecting a payment option
Your initial payment will vary based on your offer and the payment option you choose:
- Lump Sum Cash: Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
- Periodic Payment: Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
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.
Understand the process of Tax Debt Settlements or Offer in Compromise
While your offer is being evaluated by the IRS:
a. Your non-refundable payments and fees will be applied to the tax liability,
b. A Notice of Federal Tax Lien may be filed,
c. Other collection activities are may be suspended,
d. The legal assessment and collection period is extended for the time the offer is in process,
e. Make sure to make all required payments associated with your offer,
f. You are not required to make payments on an existing installment agreement and lastly,
Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today and speak directly to a Former IRS agent.
