Owe Back IRS Taxes Help – New Policies May Help You
The IRS is trying to help taxpayers who Owe Back Taxes, REALLY!
We are a Florida tax firm that specializes in back IRS tax help relief. Since 1982 we are one of Florida’s most trusted, experienced and affordable tax firm.
The IRS have come up with new tax policies to help taxpayers struggling with back tax debt to the agency by offering different tax  solutions to help remedy there  current financial situation.
You can call us today to find out if one of these new policies can directly affect and help you.
Policy Areas for Owing Back Taxes

The new IRS fresh start initiative, program is directed at penalty relief, installment agreements, federal tax liens and the offer in compromise program that own known as the tax debt settlement program with the Internal Revenue Service. These are the main areas that affect taxpayers who owe back taxes to the IRS.
The process is a very simple one.
One of our  tax professionals will take a financial statement, a IRS form 433 f and within minutes we can make a determination or recommendation that best suits your financial needs. No two cases are the same.
Our tax firm has worked on thousands of cases and understand the exact protocol to completely resolve IRS cases that both satisfy the Internal Revenue Service and the financial needs of the client.
Also, there are many more options available that taxpayers are not aware of.
Just one of these programs are called currently not collectible.Basically, you are going through an economic tax hardship.
This program is based on taxpayers that are going through hardships and do not have the income to cover their current expenses.
Even though these are not promoted by the Internal Revenue Service, we have found that over 50% of the cases we close are put into the currently uncollectible file. You must realize this is a short-term solution to the problem.
Our years of experience can make this a seamless and painless process for taxpayers owing back taxes.
Our goal at fresh start tax is to have our clients go through this process worry and pain free. Our years of experience will be your best friend.
We are comprised of tax attorneys, tax lawyers, certified public accountants, former IRS agents, managers and tax instructors.
If you have a  state tax problem we have  former state tax auditors are hand to help resolve that Tax Debt as well.
We have over 60 years of working directly for the Internal Revenue Service.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
 

The following four tips explain the expanded relief for taxpayers.

Penalty Relief Part of Owing Back Taxes to the IRS.
These initiative relieves some unemployed taxpayers from failure-to-pay penalties. Penalties are one of the biggest factors a financially distressed taxpayer faces on a tax bill.
The Fresh Start Penalty Relief Initiative gives eligible taxpayers a six-month extension to fully pay 2011 taxes.
Interest still applies on the 2011 taxes from April 17, 2012 until the tax is paid, but you won’t face failure-to-pay penalties if you pay your tax, interest and any other penalties in full by Oct. 15, 2012.
The penalty relief is available to two categories of taxpayers:
1. Wage earners who have been unemployed at least 30 consecutive days
during 2011 or in 2012 up to this year’s April 17 tax deadline,
2. Self-employed individuals who experienced a 25 percent or greater
reduction in business income in 2011 due to the economy.
To qualify for this penalty relief, your adjusted gross income must not exceed $200,000 if married filing jointly or $100,000 if your filing status is single, married filing separately, head of household, or qualifying widower.
Your 2011 balance due can not exceed $50,000.
Taxpayers who qualify need to complete a new Form 1127A to request the 2011 penalty relief.
Installment agreements.
An installment agreement is a payment option for those who cannot pay their entire tax bill by the due date.
The Fresh Start provisions give more taxpayers the ability to use streamlined installment agreements to catch up on back taxes and also more time to pay.
The new threshold for requesting an installment agreement has been raised from $25,000 to $50,000. This option requires limited financial information, meaning far less burden to the taxpayer.
The maximum term for streamlined installment agreements has been raised to six years from the current five-year maximum.
If your debt is more than $50,000, you’ll still need to supply the IRS with a Collection Information Statement (Form 433-A or Form 433-F). You also can pay your balance down to $50,000 or less to qualify for this payment option. You absolutely must pay the balance down under $50,000.
With an installment ,payment agreement, you’ll pay less in penalties, but interest continues to accrue on the outstanding balance. In order to qualify for the new expanded streamlined installment agreement, you must agree to monthly direct debit payments.
The Offer in Compromise or Tax Debt Settlements
Under the first round of Fresh Start in 2011, the IRS expanded the Offer in Compromise program to cover a larger group of struggling taxpayers.
An Offer in Compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
The IRS recognizes many taxpayers are still struggling to pay their bills so the agency has been working on more common-sense changes to the OIC program to more closely reflect real-world situations.
Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
It is important to remember that no two cases are the same.
Until a tax firm looks at your individual financial statement, they cannot value or judge the case that you have.
Before signing a retainer agreement with any firm check out their Better Business Bureau rating, their credentials, and asked to speak to the person that will be directly handling your case.
Call us today and you will have your option to speak to a tax attorney, tax lawyer, certified public accountant or former IRS agent.
We will fit you with the person on our staff who has the most experience in dealing with your individual tax situation. So, if you owe back taxes to the IRS and need immediate tax help call us today for free initial tax consultation.
 
Owe Back IRS Taxes Help – New Policies May Help You – Jacksonville, Tampa, St. Pete, Miami – All FLORIDA