IRS Tax – Levy, Settle Debt, Relief, Audit, Back Tax Return, Christian Tax Services – Nashville, Knoxville, Memphis,
We are an Affordable Christian Tax Firm <>< specializing in ALL IRS Problems.
We are an affordable team of IRS tax experts who specialize in fixing any IRS problems you have. We have 60 years with the IRS.
We are A+ rated by the Better Business Bureau have been in practice since 1982.
We are comprised of Christian tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and tax instructors who have a combined 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
All our work is done in-house and we can handle anything from a first IRS notice including tax court.
We are your affordable tax option for resolving any problems such as owing IRS back taxes, filing back tax returns, or filing multiple years of late tax returns.
We can not only file all your old back returns we can also work on a tax settlement at the same time.
How do you discern godly counsel?
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
Proverbs 18:2 Fools have no interest in understanding; they only want to offer their own opinions.
Proverbs 27:9 The heartfelt counsel of a friend is as sweet as perfume and incense.
How does IRS settle back taxes – through the Offer in Compromise Program
An offer in compromise allows you to settle your tax debt for less than the full amount you owe.
It may be a great option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS considers your unique set of facts and circumstances. Every taxpayer set of circumstances is different. If you heard someone settled their tax debt for pennies on the dollar it very well could be true if they are qualified and suitable candidate.
IRS looks at four main factors to settle cases, they are as follows:
1. Ability to pay;
2. Income;
3. Expenses; and
4. Asset equity.
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.
The Offer in Compromise program is not for everyone.
Absolutely make sure you are eligible for the Offer in Compromise
Before IRS can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Use the offer in compromise pre-qualifier tool that you can find on our website to see if you are a suitable candidate.
Submitting your offer to settle your tax debt
Your completed offer package will include:
Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
$186 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
Most Importantly Select a payment option
Your initial payment will vary based on your offer and the payment option you choose:
1. The Lump Sum Cash Payment:
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.
2. The Periodic Payment:
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the offer is being considered.
Call us today to learn more if you owe or need to file back taxes.
We can fix all your IRS problems, file your late tax returns and workout effective tax settlement that meets all your current financial needs.
IRS Tax – Levy, Settle Debt, Relief, Audit, Back Tax Return, Christian Tax Services