IRS Tax Settlement Programs – Offer in Compromise + Affordable Former IRS + Tampa, St. Petersburg, Sarasota, Clearwater

February 1, 2011
Written by: steve

 

Fresh Start Tax

 

We are a full-service firm that specializes in IRS tax matters.

I’m a former IRS agent in revenue officer who is a tax instructor for the IRS tax settlement program called the offer in compromise.

Call us today for a free initial tax consultation and find out if you qualify for the new IRS tax settlement program.

We make it our business to achieve the highest possible results for our clients. There are several IRS Programs available to resolve your IRS case.

We will find the program that best fits your needs.

 

What we immediately do to help all clients:

1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak them.
2. We will make sure your tax returns are filed and current. If they are not filed, we will prepare and file your tax returns.

3. We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement.

4. Settlement agreements can be in different forms:

a. The Hardship Program cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Usually, these clients for certain reasons do not qualify for a offer in compromise and are hardly getting by. There expenses exceed their income. About 50% of our clients qualify for this program.

b. The  Payment Agreement Programs are agreed upon monthly installment payments to the IRS. They are based on monthly income and expenses. There is a national standard that IRS applies to settle these cases.

c. Offer in Compromise Program. A much longer and detailed process of tax settlement.

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 – 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 t

We will discuss in detail with you the merits of each.

Call us today for a free consultation.

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