How to Resolve IRS Tax Debt
If you have received an IRS tax bill or notice on your back taxes contact us today to find out how to take care of this matter as soon as possible for affordable pricing.
We have worked thousands of cases in resolving IRS tax notices and bills.
We are comprised of tax attorneys, certified public accountants, enrolled agents, and former IRS agents and managers with over 60 years of direct work experience with the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
We are A+ rated by the better business bureau and been in private practice since 1982.
As a former IRS agent I will explain to you how to resolve your IRS tax debt.
How to resolve than IRS bill or notice on back taxes.
The Key – Find out how IRS closes there cases.
There is a very specific process on how to resolve your IRS bill or notice on your back tax. There is a very specific protocol that IRS uses on every single case and that is the IRS requires a current and verifiable financial statement which is IRS form 433F.
IRS uses that financial statement to make a closing determination on how will proceed with your case. That financial statement will determine your fate. Internal Revenue Service has to be able to determine the collectibility on back tax debt.
The main key ingredient to this is to know that the IRS will use the last six months as their financial determination focus to make that decision.
You can find that form on our website.
The 433-F, the IRS financial statement
The 433-F can be sent to the Internal Revenue Service at the ACS unit or you can simply call the one 800 number on your last IRS bill or notice and speak to the IRS ACS agent directly.
The IRS agent on the phone will require you to fax the 433-F along with all the documentation to confirm the accuracy and correctness of the tax return.
Beside turning in the IRS financial statement you will be required to turn in your last 3 to 6 months bank statements along with your pay stubs and verify all monthly expenses.
Once the IRS has the 433-F and their hand the IRS will make a determination on how they will close the case off the enforcement computer.
If you do not resolve this matter while your case is in billing or notice status the Internal Revenue Service will issue an IRS bank levy or an IRS wage garnishment levy and will follow up with the filing of the federal tax lien.
It is critical that you contact the Internal Revenue Service while your case is in billing or notice status. If you failed to do that the case will work its way down to a local office and a revenue officer will be knocking on your door.
All IRS collection notices are systemically handled by the IRS computer and not a human hand touches them.
All notices of banks garnishments and wage garnishments are sent out in the thousands each and every day. That is why it is critical to call the IRS so they can input a systemic freeze on your case.
IRS will use your several tax last tax returns as Levy source information to issue a bank or wage garnishment levy to collect on your back tax debt.
As a general rule there are three closing methods to get IRS off your back.
After IRS reviews the financial statement they will make one of three determinations.
1. The IRS will either determine that you are at the current time non-collectible and place you into an economic tax hardship,
2. they can determine that you are a monthly installment payment candidate or
3. the IRS could recommend that you file an IRS tax debt settlement called an offer in compromise.
It also should be known that you must have all tax returns filed and brought up to date along with your current withholding for the year.
IRS will conduct a full compliance check to make sure that all tax returns have been filed and you are currently up to date with this year’s withholding.
The National Standards Test
IRS will use the national and local standards test to determine that you are living within the IRS framework and budgetary standards for hardships and payment agreements.
It is critically important that you understand the national and regional standards test before negotiating any IRS tax bill or notice because that is the sole key in resolving your IRS case on your back taxes.
Free Consultations
If you would like a free consultation contact us today and we can tell you how easy it is to resolve your situation with the Internal Revenue Service.
You can also fill out a form 433-F and fax it to us and we will go over all the tax options you have and show you how to resolve this.
This is a much easier process than you think. You need to speak to experienced former IRS agents who know the process, the format, and the protocols to deal with the situation.
We have over 60 years of direct working knowledge and experience with the IRS we can make this process seamless for you.
You will never have to speak to the Internal Revenue Service.
