Small Business Tax Problems – File, Owe, Audit, Settle – Former IRS Agent

January 31, 2013
Written by: Fresh Start Tax


 
Small Business Tax Problems – File, Owe, Audit, Settle – Former IRS Agent     1-866-700-1040
Small Business Tax Problems and Tax Resolutions

We are comprised of Tax Attorneys, CPAs, and former IRS agents, managers and instructors.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service and the local, district, and regional offices of the Internal Revenue Service.
We taught tax law at the regional  IRS training centers. We know all the tax policies, settlement procedures and tax options available to all taxpayers.
If you are a business and have any type of IRS problems please contact us today for a free tax consultation and see if we can stop the worry today.
We are A+ rated by the Better Business Bureau and are without complaint.
Filing Back Tax Federal or State Tax Returns
If you need to file any back tax returns we can go ahead and prepare those documents and work out settlement agreements with Internal Revenue Service. We can prepare back tax returns with little or no records. We are experts in tax reconstruction.
If you owe back taxes to IRS or to State governments we can get you an installment agreement or work out tax settlement package called and offered a compromise.
IRS or State Tax Audits
If you are about to go undergo a tax audit or a audit report has been issued, we can go ahead and be your representative and appeal any decision the government state or federal.
Settle your back taxes
IRS tax settlements come in the form of offer in compromises. We can go over the three different options and explain the settlement procedures and how they can work for you So you can  settle your case for the lowest amount allowed by law.
IRS Offer in Compromise –  IRS tax settlements

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.
IRS will consider your unique set of facts and circumstances:
a. Ability to pay,
b. Income,
c. Expenses and,
d. Asset equity.
Offer and compromises require the help of true tax professionals. As a former IRS agent and  teaching instructor  i can tell you this, very few offer in compromises are accepted by individual taxpayers who submit them on their own.
Also you should have your offer in compromise  qualified before submitting it to the Internal Revenue Service.
IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
You should explore  all other payment options before submitting an offer in compromise. The Offer in Compromise program is not for everyone.
Make sure you are eligible before you file or settle your case.
Before IRS can consider your offer, you must be current with all filing and payment requirements.
Please note:
You are not eligible if you are in an open bankruptcy proceeding.
Submitting  your offer
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). You can also view the “Complete Form 656” video.
Your completed offer package must include:
1. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
2. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
3. $150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
Select a payment option that fits your individual need
Your initial payment will vary based on your offer and the payment option you choose:
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.
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  offer in compromise process
While your offer is being evaluated:
a. 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);
b. A Notice of Federal Tax Lien may be filed;
c. Other collection activities are suspended;
d. The legal assessment and collection period is extended;
e. Make all required payments associated with your offer;
f. You are not required to make payments on an existing installment agreement; and
g. Your offer is automatically accepted if the IRS does not make a determination within two years.
Contact us today to get immediate and permanent results if you have any type of small business tax problem.
We could file all your back tax returns workout on IRS or State tax settlement or represent you on any pending or tax  problem that is ready for appeals.
Contact us today for a free tax consultation.
 
Small Business Tax Problems – File, Owe, Audit, Settle – Former IRS Agent
 

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