How to File Back Tax Returns and Settle with the IRS
Yes, you can file all your back tax returns and settle with the IRS all at one time.
There is a process and system.
Being Former IRS agents, managers and IRS tax instructors we know the systems and process.
Millions of taxpayers have not filed back tax returns there is an easy way to get back into the system and settle your case with the Internal Revenue Service.
Do not let fear control the situation, you can move through this process by using former IRS agents, managers and tax instructors who know the system to get you permanent tax relief.
How to File Back Tax Returns (if you have your tax records )
If you have all your back tax documents just go ahead and file all back tax returns at one time with the Internal Revenue Service. There is nothing wrong with putting them all in the same envelope in forwarding to the service center closest to your location.
 
How the file back tax returns ( if you have no tax records)
If you do not have your back tax records or have scattered records you should know that the Internal Revenue Service keeps on their computer system the last seven years worth of income documents they have received from third parties.
These documents include W-2s, 1099s, and reports from other third parties showing the income you have received through them. Through the process of tax reconstruction,  being former IRS agents we can reconstruct your back tax returns. We simply will average your past expenses and come up with the duplication or approximation of your back tax returns. This is a very simple process and we have internal forms that can help you through this.
If you do not file your back tax return IRS can file for you
Many people are unaware that under 6020 B of the Internal Revenue Code, IRS can prepare your back tax returns. It is not in your best interest for this to happen.
IRS will give you no deductions, no expenses only figure out raw income with the standard deduction,  you will pay the highest amount allowed by law. If IRS’ has already done this to you understand that you can file for audit reconsideration.
 
The General Process of Settlement
In all cases in which monies are owed to the Internal Revenue Service, the IRS will want a current financial statement. You will have to complete tax form 433-F, 433-A depending where your case is  within the IRS system.
The Internal Revenue Service will then analyze your current financial statement and apply the national standardized expenses along with that and come up with a proposed way of settling your case.
IRS settlements can be in the form of your case being currently not collectible, or economic tax hardship. It could be the IRS will insist on a monthly installment or payment arrangement, or the IRS will let you know that your suitable candidate for an offer in compromise or a tax debt settlement.
IRS accepts 38% of all offers and compromised filed
 
Settle with the IRS
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.IRS  consider your unique set of facts and circumstances:
1. Ability to pay;
2. Income;
3. Expenses; and
4. Asset equity.
The IRS will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
If you hire a tax professional to help you file an offer, be sure to check his or her
qualifications.
Are you eligible to settle with the IRS

Before we can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
 
Submit your offer in compromise.

You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF).
Your completed offer package will include:
1. Form 433-A (OIC) (individuals) or
2. 433-B (OIC) (businesses) and all required documentation as specified on the forms;

• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;

• $150 application fee (non-refundable); and

Initial payment (non-refundable) for each Form 656.
 
Select a payment option to settle with the IRS

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. See your application package for details.
Understand the process of settlements
While your offer is being evaluated:
Your non-refundable payments and fees will be applied to the tax liability. designate

• 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.

 
Contact us today to learn more about filing your back tax returns and settling with the IRS all at one time. We are a national tax firm that specializes in all IRS and state tax matters, problems and resolutions. We are A+ rated by the Better Business Bureau.