Settle, Reduce IRS Debt – ATLANTA – Experts, Affordable IRS Tax Firm – Immediate Tax Relief

March 23, 2011
Written by: steve

 

Fresh Start Tax

 

Have Former IRS Agents Settle your Tax Debt Atlanta, once and for all.

Fresh Start Tax LLC    “A” Plus  Rated by the Better Business Bureau   A Professional Tax Firm  Since 1982 practicing Tax Resolution

We are one of the oldest, most experienced and trusted tax firm for IRS tax resolution.We are former IRS Offer on Compromise/IRS Settlement tax instructors with the IRS. We are the very best at tax debt reduction!

We are former IRS Agents, Managers and Instructors who worked out of the Atlanta Service Center. We have a combined 60 years of direct IRS experience and over 140 years of tax experience.

Do not hire a tax mill, hire a professional tax .

Reducing your tax debt or tax settlements are more complicated than you think. IRS approves only 12,000 a year.

How we work your case to immediately resolve your IRS matter:

1. We immediately send a power of attorney to the IRS letting them know we are now your tax representative. You will never have to speak to the IRS.

2. We will make sure your tax returns are filed and current. If your tax returns are not up to date, IRS will refuse to work your case. This is leverage that the IRS uses to get you compliant. Lost tax records, no problem. We can pull tax transcripts, file and prepare your tax returns within days.

3. IRS requires a current financial statement. We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement. IRS will require a closing settlement method for each case.

4. IRS Settlement agreements/programs can be in different forms:

a. Hardship Settlements. Cases usually go into a 3 year suspended status because of an inability to pay. This is  also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.

b. Payment Agreements.  Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs IRS uses for the lowest possible amount required.

c. Offer in Compromise/IRS Settlements. There are three types of OICs:

1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.

2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct.

3. Effective Tax Administration – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists.

The IRS may accept an offer in compromise/settlement/ reduction based on three grounds:

1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.

2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:

(1) the examiner made a mistake interpreting the law,

(2) the examiner failed to consider the taxpayer’s evidence or

(3) the taxpayer has new evidence.

 

3. Effective Tax Administration – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.

 

Settle, Reduce IRS Debt – ATLANTA – Experts, Affordable IRS Tax Firm – Immediate Tax Relief

Filed Under: IRS Tax Advice | Tax News
Tags: irs debt

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“Thanks to Fresh Start, I am feeling more and more confident about finally getting caught up after all these years.”
M. Johnson

“I will certainly refer anyone I come across who needs your services for sure.”
Jody and Don

“I cannot thank you enough for handling my IRS issues. After dealing with another office who did nothing, you guys did everything that you promised. Thanks again, especially Steve Jacob for guiding me every step of the way.”
Jerry H.