Filing Past Due Back Tax Returns with Former Agents – File & Settle all at Once 1-866-700-1040
You are not alone.
25 million taxpayers have not filed past due back tax returns with the Internal Revenue Service.
This is a much simpler process than taxpayers think and we can make that process seamless for you and get your life back in order and work out a tax settlement with the Internal Revenue Service so your worries go away.
We are comprised of tax attorneys, certified public accountants, and former IRS agents, managers and tax instructors who have over 60 years of direct working knowledge and experience at the Internal Revenue Service.
We also taught tax law at the IRS regional service centers.We have filed thousands of past due back tax returns.
We are tax experts in filing past due tax returns and settling your tax bill all at the same time.
The Process of Filing Past Due Tax Returns
There is a very specific process in Filing Past Due Back Tax Returns and also making sure the IRS does not file your back tax returns.
It also should be known that if you do not file your tax returns the IRS can file your back tax returns for you under 6020 of the Internal Revenue Code.
You want to make sure this does not happen to you if you do not file your tax returns at some point in time IRS is going to file for you.
IRS will make sure that you pay the highest amount allowed by law.
The Internal Revenue Service will only allow you the standard deductions and give you no credit for absolutely no other deductions or expenses. IRS will then assess the tax liability against the taxpayer and will proceed to enforce the tax laws by sending out in IRS bank levy or IRS wage garnishment and possibly filing the dreaded federal tax lien.
IRS Code Section Allowing them to file Past Due Tax Returns – 6020
(a) Preparation of back due tax returns by Secretary
If any person shall fail to make a return required by this title or by regulations prescribed thereunder, but shall consent to disclose all information necessary for the preparation thereof, then, and in that case, the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.
(b) Execution of return by Secretary
(1) Authority of Secretary to execute return
If any person fails to make any return required by any internal revenue law or regulation made thereunder at the time prescribed therefor, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.
(2) Status of returns
Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.
The process of filing past due back tax returns.
If you have your tax records the process is much simpler, we can simply prepare your back tax returns and work out a tax settlement with the IRS. We will file the last 3 to 6 years depending on your case and go over your tax settlement options with you.
If you have little or no records to file Past Due Back Tax Returns
We as your power of attorney will contact the Internal Revenue Service and have them provide us with all of the income information they have received over the past seven years. IRS keeps the log of anyone who issued you 1099, and/or W-2 reporting income. The Internal Revenue Service will send us those logs and we will have a basis to prepare your individual or business income tax returns.
From there we will find out what deductions or expenses you have and carefully review your tax return to make sure you are paying the lowest amount allowed by law and submit those past-due back tax returns to the Internal Revenue Service.
If you should owe tax as a result of filing past-due back tax returns Tax Settlements.
If you will all money as a result of filing past due back tax returns we will submit a current financial statement to the Internal Revenue Service along with all documentation proving the accuracy of your financial statement.
On each and every case where a taxpayer owes money on back taxes or back tax debt the IRS will require a form 433-F be submitted to them to work out a tax settlement called an offer in compromise.
The offer in compromise program or the IRS tax debt settlement program has very specific criteria on how to go ahead and be approved by the IRS to reduce your tax debt and pay pennies on a dollar.
Since every case is different and every taxpayer’s financial statement is different it is best to contact us today for free tax consultation so we can go over the different tax settlement programs the IRS has in place to go ahead and permanently in immediately resolve your IRS tax situation.
The new IRS program to settle back taxes is called the fresh start initiative or the fresh start program.
You can learn more about that by reading on our site or contacting us directly on how to best settle your tax debt.
Contact us today and speak directly or tax attorney, certified public accountant, or former IRS agent, manager tax instructor who can give you the best advice possible on how to file past due tax returns and settle your debt once and for all.
Under the current Fresh Start initiative the IRS has incorporated its Streamlined Offer in Compromise process into the overall investigation of offers and has added flexibility to the financial analysis used in evaluating offers.
The Streamlined Offer in Compromise process includes:
a. Fewer requests for additional financial information
b. If necessary, requests for additional information by phone, not by mail
c. Greater flexibility when considering your ability to pay
The changes to financial analysis add more flexibility to the OIC process including:
1. Greater flexibility in determining the equity in assets
2. Greater flexibility in determining the allowable living expenses
3. Reducing the amount of future income included in the offer
4. Decreased time frame to complete the OIC payment process to two years
Let us take the pain out of your life call us today to file past back do tax returns and settle your case.
Filing Past Due Back Tax Returns with Former Agents – File & Settle all at Once
