Affordable Fresh Start Tax “A” Plus Rated by the Better Business Bureau
A Professional Tax Firm Practicing in Florida since 1982.
The most trusted and experienced Tax Firm in Florida.
With Fresh Start Tax LLC you will have the benefit of having a former Florida IRS Offer in Compromise trainer and instructor work and process your case.
On staff are former IRS Agents, Managers and Instructors who have over 60 years of work experience at the local Florida and district office of the IRS.
We are the offer in compromise specialists
We have worked hundreds and hundreds of offers in compromise. Do not be ripped off by tax mills. Talk directly to the professional.
We will provide straightforward answers to questions about an Offer in Compromise.
- Does an Offer in Compromise apply to me?
- How much can I settle my tax debt for with the IRS?
- What are my Offer in Compromise payment options?
- What factors affect the settlement outcome with an Offer in Compromise?
The Three Programs for Offers in Compromise
In general, a taxpayer must submit a $150 application fee and an initial payment along with the Form 656 Offer in Compromise. Taxpayers may chose to pay their Offer in Compromise in one of three payment options:
- Lump Sum Cash Offer – Payable in non-refundable installments, the offer amount must be paid in five or fewer monthly installments upon written notice of acceptance. A non-refundable payment of 20 percent of the offer amount along with the $150 application fee is due upon filing the Form 656. The offer amount must include the realizable value of assets plus the amount that could be collected over 48 months of payments or the time remaining on the statute, whichever is less.
- Short Term Periodic Payment Offer – Payable in non-refundable installments. The offer amount must be paid within 24 months of the date the IRS received the offer. The first payment and the $150 application fee are due upon filing the Form 656. Regular payments must be made during the offer investigation. The offer amount must include the realizable value of assets plus the total amount the IRS could collect over 60 months of payments or the remainder of the statutory period for collection, whichever is less.
- Deferred Periodic Payment Offer – Payable in non-refundable installments. The offer amount must be paid over the remaining statutory period for collecting the tax. The first payment and the $150 application fee are due upon filing the Form 656. Regular payments must be made during the investigation. The offer amount must include the realizable value of assets plus the total amount the IRS could collect through monthly payments during the remaining life of the statutory period for collection.
