by Fresh Start Tax | Nov 29, 2012 | IRS Tax Problem, New Jersey Tax, Tax Lawyer, Tax Relief
IRS Lawyers, Tax Attorneys – IRS Problems, Tax Relief Resolution
We are comprised of Board Certified Tax Attorneys, Tax Attorneys, CPA’s and Former IRS Agents, Managers and Instructors.
We have over 205 years of total tax experience and over 60 years of direct work experience at the IRS. We solve all IRS problems and can get you immediate tax relief resolution.
We taught Tax Law at the IRS and have trained IRS agents. We know all the tax policies and tax procedures.
We offer a no cost 30 minute tax consult. You will speak directly to a tax professional 1-866-700-1040.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
The use of a professional tax firm.
There are many companies that appear on the web. At best guess there are over 100,000 companies that claim to resolve IRS problems and can get you tax relief resolution.
The average consumer is not aware of a simply fact, most of the companies that advertise are ” lead generators”.
A lead generator sets up a website that appears to be like a professional site. The lead generators then sell your information or lead to the highest bidder. Most bids fall in the $60 range.
Your information is being sold to third parties you have no idea about.
When hiring a professional tax firm, check out the following:
1. The professional credentials,
2. Check out the years of IRS experience,
3. Check out BBB ratings,
4.Check out the staff, make sure the tax firm has multiple professionals that can handle your case,
5. Ask to speak directly to the tax professional that will be handling your work, a secretary will not do,
6. If they guarantee a result, run away as fast as you can,
7. If they brag about settling your case for pennies on a dollar be very careful, true professional firms are not fast to make such claims until the case has been thoroughly reviewed,
8. Make sure to ask on similar cases like yours, what are typical results.
9. Let your gut and instinct take over,
10. Make sure you call around and hear from a least three companies.
Call for a no cost consult 1-866-700-1040.
IRS Lawyers, Tax Attorneys, Former IRS, – IRS Problems, Tax Resolution, – Upper Montclair, Cedar Grove, West Orange, Ridgewood, Mendham, Franklin Lakes, Newark, Bernardsville, – New Jersey
by Fresh Start Tax | Nov 28, 2012 | New Jersey Tax, Offer in Compromise, Tax Settlements
Offer in Compromise – Settle IRS Tax Debt – Former IRS Agent, Tax Lawyers
Upper Montclair, Cedar Grove, West Orange, Ridgewood, Mendham, Franklin Lakes, Newark, Bernardsville – New Jersey
Have Former IRS Agents, Managers and Instructors who worked and taught the Offer in Compromise Program at the IRS settle your IRS Tax Debt.
Settle for the lowest amount allowed by Law.
We have worked hundreds of case and know the exact formulas of the Internal Revenue Service. Over 60 years of combined IRS tax experience.
We taught Tax Law to new IRS agents and know the exact policies of settlement structures.
You can call us today, 1-866-700-1040 for a no cost consult and let us review your information to see if you are a Offer in Compromise candidate.
The IRS Offer In Compromise/ Settle with the IRS
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount of the taxes that are owed.
If the tax liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for an OIC.
General Rule of thumb.
You must at least offer IRS all the equity you have in your total assets. IRS will not expect a offer unless your total value of assets to the IRS. Equity is consider a discounted fair market value.
Assets also included home value, IRA’s and Pension Plans
Call us for more details. 1-866-700-1040
In most cases, the IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (the RCP).
The RCP is how the IRS measures the taxpayer’s ability to pay.
The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.
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 genuine doubt exists that the IRS has correctly determined the amount owed.
Second, acceptance is permitted if there is doubt that the amount owed is collectible.
This means that doubt 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 or exceptional circumstances.
An offer may be accepted based on effective tax administration when there is no doubt 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.
The Process
While your offer in compromise is being evaluated by the IRS:
1. Your non-refundable payments and fees will be applied to the tax liability,
2. A Notice of Federal Tax Lien may be filed if the IRS feels the offer is frivolous,
3. Other collection activities may and are suspended,
4. The legal IRS tax assessment and collection period is extended for the time in offer status,
5. You need to make all required IRS tax payments associated with your offer in compromise,
6. You are not required to make payments on an existing installment agreement; and
7. Your offer in compromise is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Offer in Compromise – Settle IRS Tax Debt – Former IRS Agent, Tax Lawyers 1-866-700-1040
by Fresh Start Tax | Nov 28, 2012 | IRS Tax Problem
IRS Problem, IRS Tax Relief Help – Former IRS, Tax Attorneys – Upper Montclair, Cedar Grove, West Orange, Ridgewood,
IRS Problem, IRS Tax Relief Help – Former IRS, Tax Attorneys
Fresh Start Tax LLC – New Jersey Offices
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
You can speak directly to Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents. We have over 205 years of professional tax experience and over 60 years working directly for the Internal Revenue Service.
If you are having any IRS Tax issues or IRS Tax Problems and need immediate tax relief help call us today and we can stop the IRS.
IRS wants to close your case.
IRS wants your case out of there collections inventory. they will want you to complete a IRS Financial Statement a 433F or a 433 A and with that can determine a exist strategy.
We have worked thousands of IRS cases. We ill develop game plan for you to resolve your IRS tax issue or tax problem.
We will develop a game plan with our first phone call and stop the IRS on an immediate and permanent basis.
As a side note, you will have to bring all tax returns current.
How Fresh Start Tax LLC will settle, negotiate your case with the Internal Revenue Service and get you tax relief.
1. We immediately will send a power of attorney ( POA ) to the IRS letting them know we are now your tax representative. You will never have to speak to the IRS at anytime during the course of our engagement.
2. We will make sure all your tax returns are filed and current.
If your tax returns are not up to date or tax complaint, the IRS will refuse to work your case.
We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We are experts in tax reconstruction.
3. The IRS requires a current financial statement. We will secure a required 433-A or a 433F (IRS financial statement), IRS will then verify the income and expenses and work out a tax settlement agreement and close your case.
The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle or close their case. We get them an agreement based on their current financial needs and look into a look term strategy to permanently resolve them IRS tax problem.
IRS Tax Settlement Agreements can be in different forms or strategies.
a. Hardship Settlements.
If you qualify for a tax hardship,IRS Hardship Cases usually go into a 3 year suspended status because of an inability to pay.
This is also called currently noncollectable or CNC. 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. You can find the National Standards on our site.
b. Payment Agreements, Installment Agreements.
Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible payment amount required by the IRS.
c. IRS Offer in Compromise.
There are three types of OICs:
The IRS may accept an Offer in Compromise 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 – Exceptional Circumstances
IRS Economic Hardship
When a taxpayers liability can be collected in full but collection would create an economic hardship, an ETA offer based on economic hardship can be considered.
The definition of economic hardship as it applies to ETA offers is derived from Treasury Regulations § 301.6343-1.
IRS Economic hardship occurs when a taxpayer is unable to pay reasonable basic living expenses.
The determination of a reasonable amount for basic living expenses will be made by the Commissioner and will vary according to the unique circumstances of the individual taxpayer.
Unique circumstances, however, do not include the maintenance of an affluent or luxurious standard of living.
Note:
Because economic hardship is defined as the inability to meet reasonable basic living expenses, it applies only to individuals (including sole proprietorship entities). Compromise on economic hardship grounds is not available to corporations, partnerships, or other non-individual entities.
The taxpayers financial information and special circumstances must be examined to determine if they qualify for an ETA offer based on economic hardship.
An IRS financial analysis includes reviewing basic living expenses as well as other considerations.
The taxpayers income and basic living expenses must be considered to determine if the claim for economic hardship should be accepted. IRS have certain applied standards that it will use.
Basic living expenses are those expenses that provide for health, welfare, and production of income of the taxpayer and the taxpayer’s family.
National and local standard expense amounts are designed to provide accuracy and consistency in determining taxpayer’s basic living expenses.You can find those on our website.
These standards are guidelines and if it is determined that a standard amount is inadequate to provide for a specific taxpayer’s basic living expenses, allow a deviation. Require the taxpayer to provide reasonable substantiation and document the case file.
In addition to the basic living expenses, other factors the IRS will to consider that impact upon the taxpayers financial condition include:
1. The taxpayers age and employment status,
2.Number, age, medical issues and health of the taxpayers dependents,
3.Cost of living in the area the taxpayer resides and
Any extraordinary circumstances such as special education expenses, a medical catastrophe, or natural disaster.
IRS Problem, IRS Tax Relief Help – Former IRS, Tax Attorneys – Upper Montclair, Cedar Grove, West Orange, Ridgewood,
by Fresh Start Tax | Nov 28, 2012 | IRS Tax Debt, New Jersey Tax, Tax Settlements
IRS Tax Debt Relief – Settle Tax Debt – New Jersey
We are comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents and Managers.
We taught the Offer in Compromise Program at the IRS as former IRS agents.
We have over 206 years of professional tax experience and over 60 years working directly for the IRS in positions as agent, Managers and Appeals Agents. We are A plus rated.
Call us for a no cost professional tax consult and speak directly to a true Tax Professional. 1-866-700-1040.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
How does IRS Settle your Tax Debt.
At least one of three conditions must be met to qualify a taxpayer for consideration of an Offer in Compromise or a tax debt settlement:
1. Doubt as to Liability of the Tax.
The taxpayer can show reason for doubt that the assessed tax liability or assessment is incorrect,
2. Doubt as to Collectibility.
The taxpayer can show that the tax debt is likely uncollectible in full by the IRS under any circumstances and wishes to compromise the tax debt.
3. Effective Tax Administration.
The taxpayer does not contest liability or collectibility but can demonstrate extenuating or special circumstances that the collection of the debt would create an economic hardship or would be unfair and inequitable.
This type of Offer in Compromise program is available for any taxpayer, but is primarily used by individuals that are elderly, disabled, have medical issues or have special extenuating circumstances. These are rarely accepted.
Doubt as to Collectibility
Doubt as to collectibility means that the taxpayer will never be able to fully pay the tax bill. The IRS will consider a settlement based on the following formula:
a. Settlement Amount = (monthly disposable income x a number of months) + the net realizable equity in the taxpayer’s assets.
b. Disposable income is monthly income minus allowable monthly expenses. It is important to recognize that the IRS will not allow all expenses the taxpayer may actually have.
With the New Fresh Start Program the IRS is allowing more in the way of necessary expenses.
c. The number of months over which disposable income must be calculated into the offer amount is based on the smaller of the number of months remaining until the Collection Statute Expiration Date for the tax debt OR either 12 or 24 months, depending on the payment option for the Offer in Compromise which the applicant is selecting.
d. Net realizable equity in assets is the quick sale value of the asset (often 80% of Fair Market Value minus any liabilities which are secured by the asset (e.g., a loan).
If a taxpayer believes he or she qualifies, the taxpayer completes a 433 OIC financial statement along with a 656 form to the IRS. At Fresh Start Tax LLC we qualify any offer before submission.
IRS can still proceed with collection.
Some of the actions we may take to collect taxes include:
1. Filing a Notice of Federal Tax Lien
2. Serving a Notice of Levy, or
3. Offsetting a refund to which you are entitled
The federal tax lien is a legal claim to your property, including property that you acquire after the lien arises.
The federal tax lien arises automatically when you fail to pay in full the taxes you owe within ten days after we send our first notice of taxes owed and demand for payment.
The government also may file a Notice of Federal Tax Lien in the public records.
The Notice of Federal Tax Lien publicly notifies your creditors that the IRS has a claim against all your property, including property acquired by you after the Notice of Federal Tax Lien is filed .
The filing of a Notice of Federal Tax Lien may appear on your credit report and may harm your credit rating.
Once a federal tax lien arises, the IRS generally cannot release the lien until the taxes, penalties, interest, and recording fees are paid in full or until the IRS may no longer legally collect the tax.
The IRS may withdraw a Notice of Federal Tax Lien if the IRS determines that
1. the Notice was filed too soon or not according to IRS procedures;
2.you enter into an installment agreement to satisfy the liability unless the installment agreement provides otherwise;
3.withdrawal will allow you to pay your taxes more quickly; or
4.withdrawal is in your best interest, as determined by the National Taxpayer Advocate, and the best interest of the government.
Call us today and hear the truth about your case 1-866-700-1040.
IRS Tax Debt Relief – Settle Tax Debt – Upper Montclair and other cities.
by Fresh Start Tax | Nov 9, 2012 | IRS Representation, IRS Tax Audit, IRS Tax Problem, Tax Help, Tax Relief
IRS TAX RELIEF – IRS TAX HELP
Stop your worry today. Have Former IRS who taught Tax Law at the IRS that know all the settlement and tax polices get you much needed tax relief.
We handle all IRS Collection matters, IRS tax audit, State Tax Problems and Appeals Issues. On staff, Board Certified Tax Attorney and CPA’s as well as Former IRS Agents, Managers and Instructors with over 60 years with the IRS.
We taught Tax Law at the IRS.
We can get you immediate tax relief. We have given IRS tax help to over 15,000 clients since 1982.
If you are having any IRS tax issue or tax problems that immediate and permanent tax help relief call us today and end your worries.
We are a local tax firm. We are A plus rated by the Better Business Bureau.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
Fresh Start Tax L.L.C. is one of the premier tax resolution firms in the New Jersey area.
Our firm deals with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations.
We have staff that specialize in every facet of IRS Tax Representation and State Tax Representation.
We know all the IRS tax strategies because of our extensive IRS working backgrounds.
We were Former IRS Certified Tax Instructors that taught IRS Tax Law in the IRS Regional Training Center. Some of our many specialties include the following:
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases , Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases and Tax Audits
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
- FBAR Experts
- Expatriate Tax Experts
Private Practice Since 1982
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A”PLUS
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
Do not be bullied by the IRS. Fight back with former IRS Agents, Managers and Instructors. Free tax consults 1-866-700-1040.
