How to File All Back Tax Returns & Settle with the IRS 1-866-700-1040
If you need to file all your back tax returns and settle with the Internal Revenue Service it is always best to do this all at one time.
As a former IRS agent in teaching instructor taxpayers have many fears when filing multiple back tax returns. This process is much more simple than taxpayers actually think. It is in the client’s or the taxpayer’s best interest to file all back tax returns no matter how much they all at the same time and settle their tax debt.
As a result they will save much more money and get this matter resolved in a quicker way so they can restore their life back to normal.
Filing Back Tax Returns with the IRS
If you need to file back tax returns with the Internal Revenue Service it is best to start by requesting from Internal Revenue Service and income transcript to get all the income information that IRS has signed your Social Security number.
That will include all the W-2s, 1099s, and other income source information that IRS has received from third parties and information that has read and reported on your individual tax return.
If you have unfiled tax returns, Fresh Start Tax, LLC uses the following process to get you current with the IRS as well as immediate and permanent tax relief if you need it:
1. We verbally review a year by year history of your income and expenses.
2. We review any records you may have.
3. We pull all IRS information that they have received from 3rd party sources that have been placed on the IRS computer system over the past 7 years.
4. If you have lost your records, we have easy and simple forms that can help reconstruct your tax return.
5.We can prepare through years of experience, a “reconstructed” tax return that the IRS will accept and process.
6. We review all returns for accuracy with the client and send them to the IRS.
If you owe, we work out a settlement agreement with the IRS to permanently close your tax case.
If you have lost your records
If you have lost your records we can reconstruct your tax returns for you. Being former IRS agents and managers we have reconstructed hundreds and hundreds of back tax returns.
The process to prepare back tax returns is the process called income tax reconstruction. In income tax reconstruction is prepared when people are usually self-employed and have no bank statements, records or receipts to prepare a tax return.
As a general rule a tax return can be reconstructed by finding out what the average income and expenses are for a taxpayer for a given month and multiply those by 12.
As a general rule finding out what your rent or mortgage is a good indicator and a starting point to come up with the basis of income for a total year if everything repeat appears normal.
Also be aware IRS can prepare your back tax returns for you
Did you know that if you do not file your back tax returns, the IRS can and will file them for you?
The IRS files thousands of back tax returns each year under the IRC provision of 6020B. As former IRS agents and managers we filed back taxes for taxpayers when we were employed by the IRS.
This process of filing by the IRS is called SRF or Substitute Tax Return and we understand exactly how it works.
The process of SRF works like this:
IRS conducts matching programs each and every year on their CADE 2 system, which matches all W-2’s and 1099’s.
If the computer finds no tax return posted against the W-2’s or 1099’s the IRS will prepare a SRF tax returns.
IRS will not do you a favor filing your SRF return for back taxes.
IRS will only give you the standard deductions, and nothing more. From there the IRS will send out 2-3 notices, which, if you don’t respond, they’ll then send Notices of Federal Tax Levy, both Bank levy’s and Wage garnishment levy’s
They will continue to levy until they get your attention. After that, the IRS will follow that up with a Filing of the Notice of Federal Tax Lien.
Do not be left in the hands of IRS to file your back tax returns.
If the IRS filed your tax returns thru SRF, call us today to immediately correct the situation. If the IRS filed your tax return, we can file correct returns and correct the misstated tax liability.
When the IRS prepares your tax return, the general rule of thumb is that overstatement of tax is least 5 times of the total tax. In some cases, taxpayers never even owed the tax.
IRS has already assessed the tax you can apply for a IRS audit reconsideration.
Fresh Start Tax LLC will ask IRS for a Tax Audit Reconsideration.
We can file correct tax returns to lower and adjust the overstated tax and work out a tax settlement that you can live with.
As former IRS Agents, Managers and Instructors for over 60 years with the Internal Revenue Service at the local, district and regional offices, we are experts at reconstructing tax returns, filing back taxes and tax settlements.
We have prepared thousands of back tax returns since 1982.
Not only will we reconstruct your tax return, but we will also work out a settlement agreement with the Internal Revenue Service if you owe them back taxes.
Lost Tax Records
The Process of Filing Back or Unfiled Tax Returns:
If you have unfiled tax returns, Fresh Start Tax, LLC uses the following process to get you current with the IRS as well as immediate and permanent tax relief if you need it:
1. We verbally review a year by year history of your income and expenses.
2. We review any records you may have.
3. We pull all IRS information that they have received from 3rd party sources that have been placed on the IRS computer system over the past 7 years.
4. If you have lost your records, we have easy and simple forms that can help reconstruct your tax return.
5.We can prepare through years of experience, a “reconstructed” tax return that the IRS will accept and process.
6. We review all returns for accuracy with the client and send them to the IRS.
If you owe, we work out a settlement agreement with the IRS to permanently close your tax case.
How to File All Back Tax Returns & Settle with the IRS – Former IRS Agents/Managers
