by Fresh Start Tax | Oct 8, 2012 | IRS Tax Experts, IRS Tax Problem, Representation, Tax Help
IRS Tax Help – STOP IRS with a Collection Due Process – Orlando, Tampa, St. Petersburg – Florida
Mr. Michael D. Sullivan is a Former IRS Agent and Teaching Instructor with the Internal Revenue Service. Serving Florida since 1982.
We are friendly and affordable. We can Stop your IRS tax problem.
It is very possible to stop the IRS with one telephone call depending where your case is in the IRS system. The best time to stop the IRS right in there tracks is when you are in letter or notice status.
There are other tricks and techniques and they vary from case to case. After we review cases we can best set out a course to get you IRS Tax Problem Help.
Call us today for a no cost consult and let us work out a plan to manage the IRS for you. 1-866-700-1040.
If you received this Notice: Letter number CP 504.
If you just got a Notice Number CP504.
It will say – “Urgent!! We intend to levy Certain Assets.
We can stop the IRS. You must act within that 30 day window. If you have missed that opportunity you must file a notice of action within the L-1058 letter time frame which is the last of the series of notices that the IRS sends.
After that notice IRS will take enforcement action with the filing of the federal tax levies, bank and wages levies.
The IRS cannot levy with just this notice.
They must first issue a formal Notice of Intent to Levy, and that is the next step after this notice. By calling us when you receive this letter we can completely control the IRS.
If the IRS claims that they will Lien or Levy your assets.
The IRS Collection function says they are going to file a lien or levy your assets. What can you do?
We will contact the Collection function to discuss your situation and your payment options. We will discuss with you Publication 1660, Collection Appeal Rights to review your appeal rights.
Some Collection actions qualify for appeal under the Collection Appeals Program (CAP) and some qualify under the Collection Due Process (CDP) appeal.
These two programs offer different advantages depending on the facts of your case. Publication 1660 will help you decide which is best for you.
You received a Notice of Federal Tax Lien and Right to a Hearing
If you just received a Notice of Federal Tax Lien Filing and Your Right to a Hearing Under IRC 6320, Letter 3172.
The Letter 3172 gives you 30 days to request a Collection Due Process (CDP) hearing to discuss the lien filing. We will request a CDP hearing if you feel the lien is inappropriate and will cause a hardship.
However, as explained in Publication 1660, in a CDP hearing Appeals can only discuss the existence of or amount that you owe under very limited circumstances. If Appeals cannot consider the underlying liability, you have three options to re-open that issue:
1. Pay the amount due in full and file a claim for refund. If the IRS disallows your claim you will have the right to Appeal at that time.
2. Follow the instructions in Publication 3598 and request an Audit Reconsideration. Note that you must submit new information the IRS did not previously consider in order to have an audit reconsideration.
3. Follow the instruction in Form 656 and file an Offer in Compromise, Doubt as to Liability.
You just received a Letter L-1058
If you just received a Letter L-1058 or LT11 – FINAL NOTICE OF INTENT TO LEVY AND NOTICE OF YOUR RIGHT TO A HEARING this is your last chance to appeal with the IRS. Do not let this opportunity slip by.
We will discuss with you Publication 1660. The Letter 3172 gives you 30 days to request a Collection Due Process (CDP) hearing. We will request a CDP hearing if you feel the levy is inappropriate.
However, as explained in Publication 1660, in a CDP hearing Appeals can only discuss the existence of or amount that you owe under very limited circumstances.
Call us today for find out more. 1-86-700-1040.
by Fresh Start Tax | Oct 8, 2012 | Offer in Compromise, Tax Settlements
Offers in Compromise – Changes to Offers make life easier for taxpayers – Fresh Start Tax – Former IRS
Mr. Michael D. Sullivan is a Former IRS Agent and teaching Instructor with the Internal Revenue Service. Michael worked and taught the Offer in Compromise Program at the IRS. 1-866-700-1040.
Call us today for a no cost evaluation for your Offer, do not be ripped off. We are Florida’s premier tax resolution firm. Serving Florida since 1982.
After thousands of Offers in Compromises being rejected by the IRS, the government has now made it simple and easy to file for the tax debt settlement called the Offer in Compromise.
An offer in compromise or tax debt settlement allows you to settle your tax debt for less than the full amount you owe. Sometimes it is refereed to as the pennies on a dollar settlement. If you do not have the money to pay your back taxes in full your should certainly consider the filing of an Offer.
IRS primarily looks at three aspect of the taxpayers financial life. They look at:
a. Ability to pay,
b. Income,
c. Expenses, and
d. Asset equity.
Under the ” Tax Increase Prevention and Reconciliation Act of 2005 “IRS made major changes to the Offer Program
As the Tax Increase Prevention and Reconciliation Act of 2005 was signed into law on May 17, 2006. Section 509 of this law creates significant changes to the IRS Offer in Compromise (OIC) program by amending IRC 7122.
Rule change, technical but important never the less.
TIPRA, Section 509, amends IRC 7122 by creating a new subsection (c), titled “Rules for Submission of Offers in Compromise.” The new subsection (c) requires that offers submitted on or after July 16, 2006, (and not subject to the waiver with respect to low-income taxpayers or offers filed under doubt as to liability only) must be accompanied by partial payments of the proposed offer amount. The form of these partial payments depends on the taxpayer’s proposed offer and terms of payment.
Case in which the IRS will not process a Offer
Read carefully the list below to make sure you have a viable tax offer.
1.Taxpayer is a debtor in an open bankruptcy proceeding
2. Taxpayer does not submit the $150 application fee or a signed Form 656-A, Income Certification for Offer in Compromise Application Fee and Payment
3. Taxpayer does not submit the 20 percent payment with the lump sum offer, or a signed Form 656-A
4.Taxpayer does not submit the initial payment with the periodic payment offer or a signed Form 656-A
Another big change was the compliance issues
Compliance is not considered to be a processability criterion for OIC initial submissions. If compliance is the only issue, the offer will be deemed processable. However, IRS will contact the taxpayer by either telephone or correspondence requesting the delinquent return(s), federal tax deposits or required estimated tax payment(s).
A reasonable amount of time will be provided to the taxpayer to comply. Failure to comply will cause the IRS to return the offer to the taxpayer and retain the application fee, along with all TIPRA payments previously paid. The taxpayer will not have appeal rights to this decision.
Payment are not refundable if IRS does not accept your offer.
No, the TIPRA payments are not refundable. Based on IRC 7122(c), the 20 percent payment on a lump sum offer and the periodic payments on a short term or deferred payment offer are considered “payments on tax” and are not refundable.
Can you designate how these payments should be applied?
Yes. Taxpayers are not required to but may designate the application of the TIPRA payments. The designation must be made in writing when the offer is submitted or when the required payment is made
You must not miss making a payment while the Offer is being processed
The IRS will contact the taxpayer and provide one opportunity to pay the missing amount. The offer will be declared withdrawn and returned back to the taxpayer if the taxpayer fails to submit the required amount
All payment(s) previously made will be applied to the taxpayer’s account. The IRS will retain the application fee and the taxpayer will not have appeal rights to this decision.
New Financial Analysis
Changes to income and expenses;
a. Revising the calculation for the taxpayer’s future income.
b. Allowing taxpayers to repay their student loans.
c. Allowing taxpayers to pay state and local delinquent taxes.
d. Expanding the Allowable Living Expense allowance category and amount.
Calculations
When the IRS calculates a taxpayer’s reasonable collection potential, it will now look at only one year of future income for offers paid in five or fewer months, down from four years, and two years of future income for offers paid in six to 24 months, down from five years. All offers must be fully paid within 24 months of the date the offer is accepted.
The Form 656-B, Offer in Compromise Booklet, and Form 656, Offer in Compromise, has been revised to reflect the changes.
Call us today, we are friendly and affordable.
by Fresh Start Tax | Sep 17, 2012 | Florida Sales Tax, Sales Tax
If you owe back State Taxes including Sales Taxes call us today for a no cost professional consult and get your case settled and stop the worry. Former Agents know exact how to get you the very best result.
If you owe back Sales Tax there are different ways to settle your tax debt with the State or the IRS.
No matter what State you live in, the State programs are vary similar. As a matter of fact the IRS works almost identical to State Agencies to close outstanding tax debt.
If you owe taxes, the division or department in charge of administering the program will require a Agency financial statement. This form will vary from State to State.
Check with us and we can forward the form directly to you.
The administration or collection division will require you to complete and verify a financial statement and the tax agent working the case will making a recommendation based on the facts of the documented financial statement. The State of Florida has different ways to settle your tax debt.
There are 3 general categories a taxpayer will be place into:
1. A Financial Hardship.This will occur based on the current financial statement reflecting the inability to make any type of payment.
2. A Payment Plan or installment agreement based in having available monthly income,
3. A Tax Settlement. An offer to permanently settle. This will also remove the tax lien.
You should contact our firm to speak to us specifically about your own tax situation.
How to pay off your Tax Assessment after a Tax Audit
Paying Your Audit Assessment
It is best to pay the balance due (including additional daily interest on the unpaid tax
balance) that appears on the Notice of Proposed Assessment (NOPA) or latest Department of Revenue notice that you received. Interest will continue to accrue on the unpaid tax balance until it is paid.
You can pay all or a portion of the amount due at any time without risking your protest
rights.
If you protest the assessment, Department of Revenue policy requires that you pay the agreed upon portion of tax, interest, and penalty at the time you file your protest.
If you are unable to pay the liability in full within the time frame stated on your notice, please contact Fresh Start Tax LLC for options.
The Department of Revenue charges a fee on any debt that is more than 90 days old.
The fee is equal to 10 percent of the balance due or $10, whichever is greater. The fee is intended to recover the costs of collecting the debt. If you fail to timely pay the amount due after your appeal rights expire or the assessment becomes final, you will owe this fee.
Making Your Payment to the State.
To help ensure proper processing of your payment to the State:
• Make sure your check is made payable to the Florida Department of Revenue.
• Write the audit number and tax type on your check or money order.
• Include any additional daily interest charges.
• Attach your check or money order to the coupon provided with the most recent notice that you received. If you did not receive or cannot locate a coupon, attach your payment to a copy of the most recent notice that you received.
Call us today to find out how to permanently resolve your tax problem, 1-866-700-1040
Owe State Taxes, Fresh Start Tax LLC, State Tax Resolution Experts, Florida – Affordable Tax Solutions
by Fresh Start Tax | Sep 16, 2012 | Back Taxes, Representation, Tax Relief
Tax Resolution, Back Tax Returns, Local Tax Representation – Former IRS – Miami, Ft. Lauderdale, West Palm – Affordable 954-492-0088
Hire Former IRS agents who worked out the local IRS South Florida district and regional offices.
We have over 60 years of direct working experience at the local South Florida IRS.
We know all the settlement formulas and tax strategies to get you the results you need.
Stop your worry today. We tell your the truth so you can get past this problem in your life.
We taught Tax Law at the IRS. Turn to former IRS agents who know the system.
Tax Resolution, Back Tax Returns
For a majority of taxpayers looking for a tax resolution firm there are many places to turn in South Florida and there are several solid professionals in our area.
The average tax payer looking for tax resolution work needs to have back tax returns prepared and also needs to have skilled professional tax representation to resolve there tax problem issue to save them the most amount of money.
So where do you turn for Tax resolution, Back Tax Returns and Tax Representation ?
THE MARKS OF A GOOD TAX RESOLUTION FIRM.
1. They have on staff Board Certified Tax Attorneys, CPA’s.
2. They have on staff Former IRS Agents,
3. They have had a local presence for a minimum of 5 years,
4.They have an “A” rating with the Better Business Bureau,
5. They have no complaints filed against there business.
6. They will offer a no cost professional tax consult with a certified tax professional.
7. They will flat fee there rates so you know all the costs connected with your tax case and tax issues.
Remember, not all cases can be settled for pennies on a dollar. As a matter of fact only 12,000 cases in the US were settled by the IRS last year for less than full value.
Each case is very different and no two case are the same. Face to face meetings are best practices for all involved.
We are available at any time for a no cost professional consult 954-492-0088. We are friendly and affordable.
If you have back tax returns and you have lost your tax records, we can easily reconstruct your tax returns and settle your case.
We are one of South Florida’s lead firms for tax resolution, back tax returns and tax representation.
Tax Resolution, Back Tax Returns, Local Tax Representation – Former IRS – Miami, Ft. Lauderdale, West Palm – Affordable
by Fresh Start Tax | Sep 11, 2012 | Tax Lawyer, Tax Problem Help
I am a Sebring resident and have a tax firm that specializes in IRS and the State of Florida Representation, Tax Negotiations, and IRS tax relief.
We can offer various tax solutions for your IRS or State tax problem.
I am a Former IRS agent and my tax firm has over 205 years of professional tax experience.
You may call us for a no cost professional tax consultation for IRS or State Tax Problems. 1-866-700-1040
Tax tips:
1. When dealing with the IRS or the State of Florida you must answer all correspondence. You must react to each letter, if you do not both the State of Florida and the IRS will follow up on enforcement action. Do not bury your head in the sand.
2. Do not be afraid. Most of these situations resolve themselves with little or no life changing events so do not be worried.
3. If you are going in for a Sales Tax Audit or IRS Tax Audit do not go in unrepresented unless your tax records are almost perfect. Each Agent is trying to find some adjustment to make there time worth while. It is best to hire former IRS Agents who know the techniques to get you the best results.
4. If you are going to owe tax dollars make sure you understand there are 3 options available to you to close a current case in the inventory of the State or IRS inventory.
5. Do not be worried or panic. This is only a speed bump in your life.
IRS or State Tax Solutions
The 3 options to resolve outstanding tax debt. They are hardships, settlements or payment agreements. In each situation each government agency will require a detailed financial statement.
To find out more call our office today. 1-866-700-1040.
