Help Reducing Tax Debt – Let Former IRS Agent Reduce your IRS Tax Debt    1-866-700-1040

 
If you need help reducing your tax debt  the best place to look is with former IRS agents, managers and tax instructors.
With over 60 years of working for the Internal Revenue Service let our years of IRS experience work for you to help you reduce your IRS tax debt.
Our firm is comprised of tax attorneys, certified public accountants, and former IRS agents, managers and instructors.
As a result of our years of experience at the Internal Revenue Service we know all the tax policies, tax codes, tax procedures and we know exactly how to help reduce tax debt.
While at IRS we taught tax law to all the new agents. We know what IRS knows.
We know everything that the IRS knows and as a result know all the tax options and how to fight for you to get results in reducing your IRS tax debt.
Call us today for free tax consultation and speak directly to tax attorneys, CPAs, were former IRS agents. We will have a worry and stress free  solution for you.
 

The new IRS fresh start program fresh start initiative

 
With the advent of the IRS new fresh start program or fresh start initiative, the IRS have made settling IRS tax  debt that much easier if you qualify.
To compromise or settle your IRS tax debt, that is to pay pennies on a dollar you will need to file an offer in compromise with the Internal Revenue Service. You can read below about all the new changes as a result of the new IRS initiative and program.
Start the process today and get a free tax consultation and stop the worry.
 
The IRS in its latest effort to help struggling taxpayers, the Internal Revenue Service has  a series of new steps to help people get a fresh start with their tax liabilities.
The goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers.
The IRS has announced new policies and programs to help taxpayers pay back taxes and avoid tax liens.
 

The changes  to help reduce tax debt include:

 
1. Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.
2. Making it easier for taxpayers to obtain lien withdrawals after paying a tax bill.
3. Withdrawing liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement.
4. Creating easier access to Installment Agreements for more struggling small businesses.
5.Expanding a streamlined Offer in Compromise program/IRS Tax Debt Settlement  to cover more taxpayers.
Call us today for more details on your particular issue.
 

New Federal Tax Lien Thresholds

 
The IRS will significantly increase the dollar thresholds when liens are generally filed.
The new dollar amount is in keeping with inflationary changes since the number was last revised.
Currently, federal tax liens are automatically filed at certain dollar levels for people with past-due balances. $10,000 is now the new threshold.
The IRS plans to review the results and impact of the lien threshold change in about a year.
 

The Federal Tax Lien

 
A federal tax lien gives the IRS a legal claim to a taxpayer’s property for the amount of an unpaid tax debt. Filing a Notice of Federal Tax Lien is necessary to establish priority rights against certain other creditors.
A lien informs the public that the U.S. government has a claim against all property, and any rights to property, of the taxpayer.
This includes property owned at the time the notice of lien is filed and any acquired thereafter. A lien can affect a taxpayer’s credit rating, so it is critical to arrange the payment of taxes as quickly as possible.

Federal Tax Lien Withdrawals

 
The IRS will also modify procedures that will make it easier for taxpayers to obtain lien withdrawals.
Liens will now be withdrawn once full payment of taxes is made if the taxpayer requests it. The IRS has determined that this approach is in the best interest of the government.
In order to speed the withdrawal process, the IRS will also streamline its internal procedures to allow collection personnel to withdraw the liens.
 

To release federal tax liens you can now use the Direct Debit Installment Agreements

The IRS is making other fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement (DDIA).
For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:
a. Lien withdrawals for taxpayers entering into a Direct Debit Installment Agreement.
b. The IRS will withdraw a lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement.
c. The IRS will also withdraw liens on existing Direct Debit Installment agreements upon taxpayer request.
Federal Tax Liens will be withdrawn after a probationary period demonstrating that direct debit payments will be honored.
This also lowers user fees and saves the government money from mailing monthly payment notices. Taxpayers can use the Online Payment Agreement application on IRS.gov to set-up with Direct Debit Installment Agreements.
 

IRS Installment Agreements and Small Businesses

The IRS will also make streamlined Installment Agreements available to more small businesses. The payment program will raise the dollar limit to allow additional small businesses to participate.
Small businesses with $25,000 or less in unpaid tax can participate. Currently, only small businesses with under $10,000 in liabilities can participate.
Small businesses will have 24 months to pay.
The streamlined Installment Agreements will be available for small businesses that file either as an individual or as a business. Small businesses with an unpaid assessment balance greater than $25,000 would qualify for the streamlined Installment Agreement if they pay down the balance to $25,000 or less.
Small businesses will need to enroll in a Direct Debit Installment Agreement to participate.
 

Offers in Compromise that helps reduce your tax debt

 
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.
In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
OICs are subject to acceptance based on legal requirements. 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.
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.
At fresh start tax we have a former IRS agent who was an offer in compromise specialist. By using the offer in compromise this is the greatest chance you have a help reduce tax debt.
Call us today for free tax consultation and hear the different tax options available to you to see if one of those work for you.
 

Help Reducing Tax Debt – Let Former IRS Agent Reduce your Tax Debt    1-866-700-1040