IRS Lawyer – Tax Relief Services – Tax Attorneys, Former IRS – Essex, Morris, Bergen, Passaic, Union – New Jersey
Stop the worry today. You have options to settle with the IRS. Just ask Former IRS agents and managers.
We are comprised of Board Certified Tax Attorneys, IRS Lawyers, CPA’s, Enrolled Agents and Former IRS agents.
We have over 206 years of total IRS tax experience and over 60 years of direct IRS experience in the local, district and regional offices of the Internal Revenue Service.
As former IRS Agents we taught Tax Law at the IRS.
We know all the settlement techniques and tax policies related to all the Tax Relief Services with the IRS.
We can review the different tax options and settle your case with the IRS.
We are affordable and you can speak directly to the tax professional that will be handling your case. All work is done in house by true tax professionals.
How we Settle and Negotiate your case with the Internal Revenue Service:
1. We will immediately send a power of attorney to the Internal Revenue Service letting them know that we are now your tax representative.
You will never have to speak to the IRS. We handled all letters and contact.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS can refuse to work your case. This is leverage that the IRS will use to get you tax compliant.
We can and will pull tax transcripts, file and prepare your tax returns within days, even if you have lost or have few tax records.
3. The IRS requires a current financial statement. We will secure a required 433-A , 433F (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case. All cases are reviewed against the National Averages.
4. We review with our clients how they want to settle their case.
We will get you an agreement based on your current financial needs.
IRS Tax Settlement Agreements can be in different forms:
a. Hardship Settlements.
Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements, installment plans,
Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required. The Streamline agreement is the most popular.
c. IRS Offer in Compromise/ Tax Debt Settlements
There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility.
Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability.
A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
1. the examiner made a mistake interpreting the law,
2. the examiner failed to consider the taxpayer’s evidence or
3. the taxpayer has new evidence.
3. Effective Tax Administration or Exceptional Circumstances.
There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC.
To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable. Most of these offers are accepted due to medical hardships.
Do not be ripped off by other tax firms call us to hear the truth. 1-866-700-1040.
IRS Lawyer – Tax Relief Services – Tax Attorneys, Former IRS Essex, Morris, Bergen, Passaic, Union – New Jersey
