Return Filing + Filing Back Taxes + File, Settle & Save + Former IRS + Audit Proof Tax Returns

December 10, 2015
Written by: Jim Magary
Fresh Start Tax

 

If you need help the file back taxes who better than AFFORDABLE former IRS agents and managers who know the system.

We can help audit proof your tax returns.

We have over 65 years of combined former IRS agent experience.

We worked in the local, district, and regional tax offices of the Internal Revenue Service.

We know the system inside and out. We understand all the settlement there is, the methodologies in the exact process how we can prepare your back tax returns with little or no records.

We have worked both in the collection, audit, appeals, and teaching instructors position.

We are true experts for those who need help to file their back taxes.

If you have one year or multiple years or have never filed a tax return contact us today and we will give you a free initial tax consultation and walk you through the process to help file your back tax returns.

We want to make sure you understand the system and the process And understand how we can help waterproof your tax return

 

Return Filing For W-2 Wage Earners

Many taxpayers are W-2 wage earners and have withholding taken out of their checks.

If this is the case, you may have missed years of refunds and valuable Social Security credit when retirement time comes. IRS will allow refunds of no more than three years.

If this is the case, we can simply pull IRS transcripts and prepare your back tax returns through the IRS income transcript process. IRS keeps income and wage records on each taxpayer for six years and tax reconstruction to prepare your back years can be done simply.

 

Returns Filing For Self Employed taxpayers

Since we have prepared thousands of tax returns over the years and are former IRS agents and managers, tax reconstruction for self-employed persons is not a problem.

As a general rule there are national, regional standards that could be applied and ratios can be determined given the industry.

Many taxpayers who have not filed back years are self-employed and are missing records. Not to worry our reconstruction process is second to none and we can file is accurate returns as anybody in the business.

 

Returns Filing Lost all records to file back taxes, no problem for us.

We can file any tax return whether a client or taxpayers has back tax records or not.

Part of tax reconstruction strategies are to review of bank statements, review of cost-of-living analysis, assets, and exploring IRS transcripts in which IRS keeps W-2s and 1099s on file for the last six years.

There is always a way to reconstruct your tax returns. There are very definitive lists that we hand clients to aid in this processing cannot be worried.

 

IRS Can File Your Tax Return, Be Careful, yes they can!

While this may seem not a bad idea to get free tax help, the Internal Revenue Service will assure you will pay the highest amount allowed by law.

IRS can prepare your tax return under 6020 B of the Internal Revenue Code they will give you absolutely no extra deductions or business expense.

It is critical you file your own tax return to make sure you are paying the lowest amount allowed by law.

Applicable Code Section below

IRC 6020(a)

1. If the taxpayer will consent to disclose all information necessary for the preparation of the return(s), IRC 6020(a) states, “… the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.”

This does not include the taxpayer signing a waiver of restriction on assessment (e.g., Form 4549, Income Tax Examination Changes, or Form 870, Waiver of Restrictions on Assessment & Collection of Deficiency in Tax & Acceptance of Overassessment,) which does not constitute a return under IRC 6020(a).

2. Delinquency penalties are applicable.

IRC 6020(b)

1. IRC 6020(b) states, “If any person fails to make any return required by any Internal Revenue Law or regulation made there under at the time prescribed therefore, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.”

A. IRC 6020(b)(2) states, “Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.”

What happens if you will Owe Back Taxes.

You have options so don’t freak out. Millions of taxpayers do not pay back taxes.

The latest figures show 40% of all taxpayers who owe back taxes are placed in a non-collectible file, 6.5 million enter into monthly installment agreements and 38,000 taxpayers have their debt settle for the offer in compromise your tax debt settlement program.

If you will owe back taxes are several options available to you.

The first step in the process to know is we may be able to get an online payment. there are certain criteria for this and when you call us we will review this criteria.

For certain dollars owed in back taxes, IRS may require a 433F financial statement.

That financial statement will need to be documented with bank statements and copies of monthly expenses.

Once IRS reviews the financial documents they close their case out and usually one of two ways.

The Internal Revenue Service will entertain :

1. payment agreement based on your current monthly income and expenses or,

2. the IRS will see that you are going through her current hardship and put the case in a non-collectible or hardship file. Those cases in hardship will stay there for 2 to 3 years and reactivate themselves back out to the field for a secondary review. During the time that you’re in a hardship you MUST file all your tax returns currently and make sure all taxes are paid in full.

The Offer in Compromise Program/Tax Debt Settlements

If you wish to settle your tax debt for pennies on the dollar it is necessary to submit an offer in compromise.

Before filling out any offer in compromise I ask all taxpayers to walk to the IRS pre-qualify or tool to make sure they are a suitable candidate.

Selecting a IRS payment option for the OIC

Your initial payment will vary based on your offer and the payment option you choose:

1. Lump Sum Cash:

Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.

2. Periodic Payment:

Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer.

If accepted, continue to pay monthly until it is paid in full.

If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.

Understand the OIC process

While your offer is being evaluated:

• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);

• A Notice of Federal Tax Lien may be filed;

• Other collection activities are suspended;

• The legal assessment and collection period is extended;

• Make all required payments associated with your offer;

• You are not required to make payments on an existing installment agreement; and

• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.

When you call our office we will let you know if you are a suitable candidate for the OIC and we can let you know the lowest amount of law that IRS will accept on your case.

Call us today for a free initial tax consultation and hear the truth from true IRS tax experts.

 

 

Return Filing + Filing Back Taxes + File, Settle & Save + Former IRS + Audit Proof Tax Returns

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