Michael Sullivan Fresh Start Tax Expert. Former IRS teaching instructor of the offer in compromise.
As a former IRS agent Mr. Sullivan was a teaching instructor who taught IRS agents their job. He also worked and taught the offer in compromise program.
Mr. Sullivan accepted many offers in compromise in behalf of the United States Treasury Department and understands the exact protocol of acceptability and rejection.
Mr. Sullivan can review any offer in compromise and with relative accuracy tell you if your offer in compromise will be accepted.
Mr. Sullivan or the firm can let you know how to best deal with IRS tax debt for back taxes and let you know if you are eligible for the offer in compromise.
We have appeared on NBC KGPE 47CBS, Fresno, California, with Erik Rosales.
By using us you will:
Learn which money-saving IRS tax relief programs are for you,
Stop garnishments, levies, liens & seizures immediately,
No cost, no obligation strategy session & consultation with true tax professionals with over 200 years of direct IRS tax experience.
What are your options for settling tax debt with IRS?
The Internal Revenue Service must have a nationwide standard so all cases are worked equally in the same way and they show no favoritism to anybody.
This system that IRS uses very simple, they take a current financial statement using one of two forms.
IRS also has national, regional and localized standards that they use that they allow taxpayers for necessary living expenses.
If a taxpayer exceeds those necessary living expenses it will create a payment agreement with the IRS.
If the taxpayer has assets the service will ask taxpayer to liquidate their assets to pay off the debt.
The key to representation is knowing how to prepare the financial statement to get the result that you are looking for. The preparation of that financial statement is key to everything.
IRS not only wants to see the financial statement they also want to look at 3 to 6 months worth of bank statements, copies of all bills, copies of all current expenses, and a copy of pay stubs. If you own a business, they’re going to want to see an income statement as well. IRS will examine your back tax return to make sure it’s consistent with your current year’s information.
After IRS reviews your financial statement there are one of three general categories that IRS will determine how IRS will close your case.
Generally, IRS will ask that you enter into an installment agreement or monthly payment. 6.5 million taxpayers enter into payments each and every year.
IRS may look at your current financial statement and determine that you are currently not collectible and will place your case and that suspense file called a hardship in which the case will stay there for two or three years and come back out for review. Please keep in mind penalties and interest will run during that period of time.
You may be eligible to settle your debt through the offer in compromise program which is sometimes called the penny on the dollar program.
IRS has a pre-qualifier tool and I would not suggest any taxpayer file an offer in compromise unless you walk through the pre-qualifier tool or call us.
Call us today for a free initial tax consultation we will walk you through the process of reviewing all your tax options for settling your IRS tax debt.
Be very careful if you’re doing this on your own and giving IRS your current financial statement because it might may wind up being a huge mistake. many people do this unsuspectingly and wind up giving IRS a trail to their money and their assets.
We have worked thousands of cases since 1982 we are A+ rated by the Better Business Bureau and we are true professionals forgive you options for settling your tax debt with IRS.
We are tenacious advocates with big time capabilities with small firm efficiencies,
We are tenacious advocate with practical solutions,
We represent all classes of clients, business, individuals, corporate with very practical and affordable solutions.
Call us today for free initial tax consultation and we will let you know how to best settle your IRS tax debt. Your true specialists.
