Settling a Tax Bill, Offer in Compromise , Settlement Experts, Former IRS    1-866-700-1040

 
IRS settles 25% of all offers submitted to the IRS  government agency. The average settlement on the offer in compromise is $.14 on a dollar.
Have former IRS agents evaluate your offer in compromise to settle your tax bill for no cost.
We have over 60 years of direct work experience at the Internal Revenue Service and the local, district, and regional offices of the Internal Revenue Service.
We have not only taught tax law but we also taught the offer in compromise to IRS agents who specialize in this area of the law.
Call us today for free initial consultation and see if you qualify for the settlement of your Tax Bill.
If you want to settle a tax bill who better to call then former IRS agents, managers and instructors who taught tax law at the Internal Revenue Service. We are experts in the settling of a tax bill also known as the filing of an offer to compromise.
 

Much is written about Settling a Tax Bill

 
Much is written about settling for pennies on a dollar but each taxpayer should find out the facts before actually filing for the offer in compromise. IRS has very specific formulas that they use and I would caution any taxpayer to have their case fully reviewed by a tax professional before settling in the IRS offer in compromise to settle a tax bill.
Being a former IRS agent and offer in compromise specialist about you should know that 95% of all offers  get filed by taxpayers without a professional review get rejected on their very surface because they do not  meet the requirements of the filing of the offer.
You should note, IRS does not care about the circumstances,  emotional concerns, or psychological problems that a taxpayer is going through. IRS is only concerned about two things. IRS is concerned about your assets and your income.
 

The offer in compromise qualifier

 
You can find on our website a qualifier which you can actually walk through  yourself to find out whether you can settle your tax bill by the filing of an offer. Simply go to the homepage and click on IRS forms. Under IRS forms you will find  you will find the qualifier.
 

Settling a tax bill by using the offer in compromise

 
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
The Internal Revenue Service will c consider your unique set of facts and circumstances:
a. Ability to pay;
b. Income;
c. Expenses; and
d. Asset equity.
The Internal Revenue Service will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
It is best to explore all other payment options before submitting an offer in compromise. The Offer in Compromise program is not for everyone.
If you hire a tax professional  other than fresh start tax to help you file an offer, be sure to check his or her qualifications. Make sure you check out the better business bureau ratings and the number of complaints that could be filed against the company.
 

Make sure you are eligible  to file an Offer in Compromise to settle your tax bill

Submitting  your offer  in compromise

 
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF).
Your completed offer  in compromise package package will include:
a.Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
b.Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
c. $150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
 

Selecting a payment option to settle a tax bill

 
Your initial payment will vary based on your offer and the payment option you choose:
Lump Sum Cash payments.
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.
 
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.
 

Low Income Certification Guidelines

 
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 process
 

While your offer  in compromise is being evaluated:

 
1. 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),
2. A Notice of Federal Tax Lien may be filed;
3. Other IRS collection activities are suspended;
4. The legal assessment and collection period is extended;
5. Make all required payments associated with your offer in compromise;
6. You are not required to make payments on an existing installment agreement and,
7. Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Remember, it is critical that your offer in compromise is pre-qualified before sending it in to the offer specialist. The downside to all of this is that if your offer in compromise is rejected, the IRS has an asset tool to easily go when and collect money because of the disclosures you’ve made on the financial statement.
Call us today and let former IRS agents and managers determine your best course of action and review the different tax options you have to settle your case.
 
Settling a Tax Bill, Offer in Compromise – Settlement Experts, Former IRS