Need To Discuss Filing Offer in Compromise + Former IRS Offer in Compromise Specialists

January 11, 2016
Written by: Fresh Start Tax
Fresh Start Tax

 

We are an “AFFORDABLE” professional tax firm that has been in private practices 1982. We know the IRS systems!

 

Find out with a free tax consult how to settle your tax debt.

Get IRS off of your back once and for all! We are Former IRS Agents and managers who know the system.

If you have any back tax issues with the Internal Revenue Service or have not filed back income tax returns, we can settle and resolve your case all at the same time.

We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS. I am a former IRS agent revenue officer and teaching instructor for the offer in compromise program.

If you need to discuss the filing of an offer you can contact us today for a free initial tax consultation and you have the option of walking to the pre-qualifier tool put out by the Internal Revenue Service.

As a former IRS agent in teaching instructor taxpayers have very little chances of getting their own offer in compromise through. It’s in a very exacting and tedious process and one must know all the ramifications of the filing. As a general rule, IRS looks to reject an offer rather than throw approve it because of all the work required signatures necessary to get the offer in compromise  through the system.

one of the reasons IRS takes so long to accept the offer is because they become a matter of public record for one year in the regional offices in which they are accepted. Therefore IRS must dot all the I across all the T’s.

When we discuss with you the filing of an offer in compromise you will need to have the IRS form 433OIC  filled out because that is the form that IRS will use to accept the offer in compromise.

 

Fresh Start Tax LLC

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.

We have over 60 years of direct work experience working in the local, district and regional tax offices of the IRS.

We have a very streamlined process to closure case with efficiency and for affordable fee structures.

 

Settling, Resolving, Reducing Tax Cases on Back Taxes

 

If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.

IRS conducts a very thorough review of your financial statements so you want to be prepared and accurate.

IRS rules require only form 433F, along with bank statements, copy of pay stubs, and monthly expenditures.

IRS conducts a thorough review of your current financial statement and compares that with the national, regional, and localized standards to ensure that everybody is getting the same treatment.

You can find the standards on our website under the form page.

The national standards have many restrictions and that’s why it is important to have an experienced tax professional work on your case.

The IRS will use a six-month timeframe to make determinations on your case. In some cases the IRS can ask for the last years if they wish, documentation is the key.

It is important a true professional fill-out the financial statements because we know exactly what IRS is looking for and can help navigate the waters to get you achieved results. Please keep in mind to have an offer in compromise accepted all your back tax returns must be filed.

 

Past Due Back Tax Returns, Unfiled Tax Returns – You Must File All Tax Returns

 

Over 16 million taxpayers do not file annual tax returns.

The tax gap on these unfiled returns are approximately $415 million.

At some point if you do not file the Internal Revenue Service will catch up with you, do not keep your head in the sand.

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 did 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 files approximately 600,000 federal tax liens each and every year.

We can prepare your back or on file tax returns with little or no tax records.

Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you. We can get you back into the system worry free.

 

The Offer in Compromise Program/Tax Debt Settlements

Selecting a IRS payment option for the OIC

Your initial payment will vary based on your offer and the payment option you choose:

1. 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.

2. 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 OIC 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.

 

When you call our office we will let you know if you are a suitable candidate for the OIC and we can let you know the lowest amount of law that IRS will accept on your case.

Call us today for a free initial tax consultation and hear the truth from true IRS tax experts. We can discuss with you the filing of your offer in compromise in detail.

 

Need To Discuss Filing Offer in Compromise + Former IRS Offer in Compromise Specialists

 

 

 

Filed Under: Tax Help
Tags:

FREE

Consultation

No Obligation
We are here to help!

  • Should be Empty:
“Thanks to Fresh Start, I am feeling more and more confident about finally getting caught up after all these years.”
M. Johnson

“I will certainly refer anyone I come across who needs your services for sure.”
Jody and Don

“I cannot thank you enough for handling my IRS issues. After dealing with another office who did nothing, you guys did everything that you promised. Thanks again, especially Steve Jacob for guiding me every step of the way.”
Jerry H.