IRS Tax – Levy, Audit, Back Debt Tax Settlements, Payments – San Antonio, New Braumfels, Schertz, Burleson

July 14, 2014
Written by: Fresh Start Tax
Fresh Start Tax

 

The Affordable professional solution.

We are a professional tax firm that deals specifically with IRS and state tax resolution.

We are A+ rated by the Better Business Bureau and have been in private practice since 1982 and we are A+ rated by the Better Business Bureau.

We can resolve your problem.

We are comprised of the tax attorneys, certified public accountant, and enrolled agents and former IRS agents.

Our former IRS agents have a combined 60 years of direct IRS work experience in a local, district, and regional tax offices of the Internal Revenue Service.

While at IRS we taught tax law.

We can provide immediate tax relief if you have received an IRS tax levy,  represent you through an IRS tax audit, or need to apply for an IRS tax debt settlement called and offer compromise.

For those of you wishing to make payments with Internal Revenue Service call us  today and we will work out a payment that suits your current lifestyle.

 

New Program – The IRS Fresh Start program

The IRS Fresh Start program makes it easier for taxpayers to pay back taxes and avoid tax liens. Even small business taxpayers may benefit from Fresh Start.

Three important features of the IRS Fresh Start program:

 

IRS Tax Liens. 

The Fresh Start program increased the amount that taxpayers can owe before the IRS generally will file a Notice of Federal Tax Lien. That amount is now $10,000.

However, in some cases, the IRS may still file a lien notice on amounts less than $10,000.

When a taxpayer meets certain requirements and pays off their tax debt, the IRS may now withdraw a filed Notice of Federal Tax Lien.

Taxpayers must request this in writing using Form 12277, Application for Withdrawal.

Some taxpayers may qualify to have their lien notice withdrawn if they are paying their tax debt through a Direct Debit installment agreement.

Taxpayers also need to request this in writing by using Form 12277.

If a taxpayer defaults on the Direct Debit Installment Agreement, the IRS may file a new Notice of Federal Tax Lien and resume collection actions.

 

IRS Installment Agreements. 

The Fresh Start program expanded access to streamlined installment agreements. Now, individual taxpayers who owe up to $50,000 can pay through monthly direct debit payments for up to 72 months (six years).

While the IRS generally will not need a financial statement, they may need some financial information from the taxpayer.

Taxpayers in need of installment agreements for tax debts more than $50,000 or longer than six years still need to provide the IRS with a financial statement.

In these cases, the IRS may ask for one of two forms: either Collection Information Statement, Form 433-A or Form 433-F.

 

Offers in Compromise. 

An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount. Fresh Start expanded and streamlined the OIC program. The IRS now has more flexibility when analyzing a taxpayer’s ability to pay.

This makes the offer program available to a larger group of taxpayers.

IRS will accept an offer if it represents the most the agency can expect to collect within a reasonable period of time.

The IRS will not accept an offer if it believes that the taxpayer can pay the amount owed in full as a lump sum or through a payment agreement. The IRS looks at several factors, including the taxpayer’s income and assets, to make a decision regarding the taxpayer’s ability to pay.

Call us today for a free tax consult.

 

IRS Tax – Levy, Audit, Back Debt Tax Settlements, Payments – San Antonio, New Braumfels, Schertz, Burleson

 

 

 

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