Need to File Back Tax Returns & Pay Back Taxes – Settlement Programs 1-866-700-1040
If you need to file your back tax returns, pay your back taxes or reach a settlement with Internal Revenue Service you have found the right tax firm to help resolve this matter for you.
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 Internal Revenue Service.
While at IRS we worked the non-filing and settlement programs.
So, as a result, we know all the systems, procedures, and settlement formulas to make this all happen for you.
We can take the pain and misery out of this process by handling and settling these matters for you all at one time.
The key to file your back tax returns and to pay your back taxes is to have a settlement strategy.
IRS will require a current financial statement for each and every taxpayer that file back tax returns and owe back taxes. For IRS to resolve this issue and to remove you from their enforcement computer, the IRS will require a current financial statement which is on 433-F. You can find that financial statement on our site.
IRS will determine your ability to pay. As a general rule IRS will either find that a taxpayer is financially unable to pay at this time and those files are usually put in to currently uncollectible, or the IRS may determine you can make installment or a payment arrangements with them, or you may enter into the IRS settlement program called an offer in compromise.
Being former IRS agents we know the settlement strategies of Internal Revenue Service. We will carefully review your documented financial statement with you and come up with a plan to not only file your back tax returns but to have a healthy exit strategy. So if you need to file your back tax returns and reach a settlement, call us today for free tax consultation.
The Process of Filing Back Tax Returns
We have worked thousands and thousands of taxpayers having the issues of filing and paying back taxes. We are true experts in this field.
Most taxpayers have wanted to file back tax returns but year after year but because of fear or other reasons they have failed to pull the trigger of filing their back taxes and not knowing what was going to happen. Fear does paralysis.
IRS has made this process very simple to go ahead and to file your back tax returns and settle with the Internal Revenue Service.
Fresh Start Tax LLC can go ahead and prepare your back tax returns and send them into the Internal Revenue Service with an offer in compromise or an IRS tax debt settlement.
As a result of the new IRS fresh start program or fresh start initiative the IRS has made it much simpler for taxpayers to get back in the system and get their lives restored and to get back into financial health without fear.
You can contact us for free tax consultation today and we can walk you through the process.
The new IRS fresh start program.
Regarding Installment Agreements and Small Businesses
The IRS will also make streamlined Installment Agreements available to more small businesses.
The payment program will raise the dollar limit to allow additional small businesses to participate.
Small businesses with $25,000 or less in unpaid tax can participate. Currently, only small businesses with under $10,000 in liabilities can participate. Small businesses will have 24 months to pay.
The streamlined Installment Agreements will be available for small businesses that file either as an individual or as a business. Small businesses with an unpaid assessment balance greater than $25,000 would qualify for the streamlined Installment Agreement if they pay down the balance to $25,000 or less.
Small businesses will need to enroll in a Direct Debit Installment Agreement to participate.
Do not let fear keep you from filing your back tax returns. This process is much simpler than you think.
Offers in Compromise Settlement Programs
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.
Need to File Back Tax Returns & Pay Back Taxes – Settlement Programs
