Sacramento – IRS Tax Debt – Settle IRS Back Taxes, Payment Plans, Hardships, File Past Returns – Affordable Former IRS

September 24, 2014
Written by: Fresh Start Tax
Fresh Start Tax

 

Hear the truth about resolving IRS Tax Debt.

Do not believe everything you hear.

 

The best way to get yourself out of IRS tax debt is to speak to former IRS agents and managers with over 60 years of combined work experience in the local, district, and regional tax offices of the IRS to fully resolve your tax debt problem.

 

We know the system inside and out.

FST is the Affordable Choice and we are A plus rated by the BBB.

We have been in private practice since 1982.

 

IRS Tax Debt

IRS has a very specific system to deal with taxpayers, businesses and corporations that over the Internal Revenue Service. We know that system inside and out.

Before the Internal Revenue Service makes any determinations whatsoever they need to have a documented and verifiable financial statement before they will close or settle any IRS tax debt.That is there system and that is there process.

The Internal Revenue Service has different forms that they use for their financial statement but the two base forms are the 433F in the 433A.

You can find these forms on our website. It is critical you have a tax professional submit these forms to Internal Revenue Service because we know the system on how to make this work.

When a taxpayer, business or corporation submits that financial statement to the Internal Revenue Service they will expect full documentation including the last three months worth of bank statements, copy of all monthly expenses, and the last month’s pay stubs. For businesses they will want income statements and balance sheets.

The IRS agent will analyze your financial statement against the national, regional, and localized norms for income and expenses.

As a general rule, after the financial review the IRS has one of 2 categories taxpayers businesses or corporations may be placed into.

 

The Internal Revenue Service may determine:

1. you are a  current hardship and put your case and to the non-collectible file where it remains for a couple years until it comes back out for review.

2. The Internal Revenue Service may let you know that you must make monthly payments based on your income and expense analysis.

The Internal Revenue Service may suggest the filing of an offer in compromise because they feel that you are a viable candidate for the tax debt settle program.

The offer in compromise program is not for everybody.

As former IRS agents we have worked thousands of cases and understand the complete working system to settle your IRS tax debt.

All taxpayers when contacting IRS would be required to file all tax returns. If that’s an issue we can prepare your tax returns within days with little or no records.

 

The Tax Debt Settlement called the Offer in Compromise

 

The IRS may accept an OIC based on three grounds.

  • First, acceptance is permitted if there is doubt as to liability. This ground is only met when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.

 

  • Second, acceptance is permitted if there is doubt that the amount owed is fully collectible. Doubt as to collectibility exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.

 

  • Third, acceptance is permitted based on effective tax administration. An offer may be accepted based on effective tax administration when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.

 

Call us today and we will review your individual case and find out which programs fits you the best.

Please note any time you are working with the Internal Revenue Service they will insist that all tax returns are current and up-to-date.

If you have not filed back tax returns we can help you do so with little or no records.

 

Sacramento- IRS Tax Debt – Settle IRS Back Taxes, Payment Plans, Hardships, File Past Returns – Affordable Former IRS

 

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