Cannot Pay IRS Tax – Offshore, FBAR, International Tax Workouts – Affordable Tax Experts

June 25, 2013
Written by: Fresh Start Tax

Fresh Start Tax
If you cannot pay your IRS tax as a result of Offshore, FBAR, International Tax Filings call us today and speak to affordable tax attorneys, tax lawyers, certified public accountant, or former IRS agents.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service.
We have been in private practice since 1982 and we are A+ rated by the Better Business Bureau.
On staff are former IRS agents who have worked the IRS offer in compromise program  better known as the tax settlement or workout program.
IRS you cannot pay IRS
Those taxpayers or persons who cannot pay their IRS tax debt will be required to fall under the Internal Revenue Service collection division protocol.
Under the IRS protocol you will need to send to the IRS a copy of your completed and signed Offshore Voluntary Disclosures letter and attachment.
If you cannot pay the total amount of tax, interest, and penalties as described above, submit your proposed payment arrangement and a completed Collection Information Statement ( Form 433-A, Collection Information Statement for Wage Earners and Self-employed Individuals, or Form 433-B, Collection Information Statement for Businesses, as appropriate).
You can find these forms on our website.
Simply go to the homepage, click on the top toolbar under IRS forms and you will find the various financial statements.
As a former IRS agent I will tell you it is in your best interest to have a tax professional review these before you turn them into the Internal Revenue Service.
The IRS Review of your Financial Statement
As a Former IRS agent I have reviewed thousands of financial statements submitted by taxpayers to the Internal Revenue Service for review.
It is critically important that you understand how the IRS reviews your financial statement.
The Internal Revenue Service will expect you to possibly liquidate some of your assets to pay your IRS debt.
Before you do that, you should you consider calling us for free initial tax consultation so we can explain to you various methods in dealing with the IRS situation.
As a general rule,  IRS will need to close your case off the IRS enforcement or collection computer.
They will do so after a complete review and analysis of these current financial statements. IRS at some point will ask you to completely document the financial statement with all income, expenses, along with 3 to 6 months worth of bank statements.
Make sure you fill out an  honest and accurate financial statement.
After that review IRS will place you in one of three categories.
IRS will either place you into a current tax hardship which means you cannot pay the tax at this time, IRS will insist on a monthly installment or payment plan or IRS can recommend the filing of an offer in compromise or a tax debt settlement.
Remember your current financial statement will dictate how the IRS is going to deal with you that’s why it is critically important to have a tax professional represent you if you have any delicate issues are matters.
If you have a straightforward simple financial statement there is no reason why you cannot handle the representation yourself.
Contact us today for a free initial tax consultation you can speak directly to a true tax professional.
 
Cannot Pay IRS Tax – Offshore, FBAR, International Tax Workouts – Affordable Tax Experts
 
IRS will then be looking at your disposable income IRS will be comparing your disposable income with necessary living expenses. The job of the IRS is to collect as much money as they can. I arrest is not want to become a loan agency. I advise all taxpayers that fall in the spin to killer situation to contact us and have their IRS financial statement ready for us to review.

Filed Under: Expatriate Tax | FBAR
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