by Fresh Start Tax | Oct 10, 2018 | Tax Help
Best Tax Relief Company, Fresh Start Tax LLC 1-866-700-1040
There are many excellent tax relief companies nationwide, Fresh Start Tax LLC is one of the premier and best tax relief companies in the United States.
Since 1982 we have been resolving IRS tax issues and we have an amazing history of successful client work and satisfied customers and that is due to the experience we have in dealing with IRS tax problems and tax issues and IRS tax relief.
On staff a CPA, Tax Attorney. She is available on request.
On staff are former IRS agents, managers and teaching instructors who were supervisors and managers while working at the Internal Revenue Service.
As a result of all of our work experience, we understand the methodologies and all the procedures to close IRS cases in the most prudent and affordable manner.
Upon your initial consultation in almost all cases we will let you know how your tax case will resolve itself and exactly how much it will cost you.
Each case has its own unique set of circumstances so we will customize a specific plan of action based on your set of circumstances and financial matters. There are no two cases alike.
We have worked thousands of cases since 1982 and know the most efficient way to get you where you need to be.
You will never have to speak to Internal Revenue Service we will handle all communication with you to you and with the Internal Revenue Service.
The most popular program is the IRS offer in compromise because it settles your debt for pennies on the dollar but you must be sure you qualify for this type of settlement or you will waste your money. People such as you have given thousands of dollars to companies promising the settlements but there are qualifiers that the taxpayer must be aware of before they throw their money at somebody.
As a former IRS agent in teaching and structure of the offer in compromise I can let you know well ahead of time whether your offer will have any chance of acceptance and will be able settle your debt for the lowest allowable amount allowed by law if you qualify.
Offers in Compromise
We are AFFORDABLE IRS specialist experts for the Offer in Compromise for those wishing to settle their IRS tax debt. Former IRS Agents, since 1982. Former IRS OIC Specialist.
I am a former IRS agent and teaching instructor of the offer in compromise or tax debt settlement program along with other IRS programs and systems.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS experts who understand the IRS collection system.
All our work is done in-house and we are used by other firms to do their backend work.
You can call us today for free initial tax consultation and find out if you are a true offer in compromise tax debt settlement candidate.
Due to the IRS new fresh start initiative set out by the Internal Revenue Service many more taxpayers are eligible for the tax debt settlement.
Before a taxpayer or client thinks about the filing of an offer in compromise they should check out the IRS offer in compromise pre-qualifier tool first.
You can walk to the pre-qualifier tool on our site or call us today to learn more about it.
We will not file an offer in compromise or accept any fee for any client unless we know they are qualified for the program.
So if we send in your offer in compromise, you probably do have a pretty good chance of getting it accepted.
It is important to know you will that all back tax returns will have to be filed, up-to-date and current on the IRS computer system before the Internal Revenue Service will accept an offer in compromise.
IRS Tax Statistics for the OIC
Last year there were 78,000 offers in compromise were filed with the Internal Revenue Service, 38% of those were accepted for an average of $6500 per case. Keep in mind this is a national average and varies from case to case is completely dependent on your current financial statement. Also keep in mind your offer may be worked by any person throughout the United States.
About 20% of all offers in compromise go to the Appellate Division for settlement.
You should know that not everyone is an offer in compromise candidate to settle their tax debt.
Make sure you are eligible for the OIC.
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.
Submitting your offer or OIC to the Internal Revenue Service.
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 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.
Selecting a payment option for the offer in compromise program
Your initial payment will vary based on your offer and the payment option you choose:
• IRS 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.
• IRS 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, you must continue to pay monthly until it is paid in full.
While your offer in compromise is being evaluated:
• 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);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Other :
IRS tax relief programs
Many taxpayers for a variety of reasons cannot qualify for an offer in compromise and IRS has four other buckets of ways they close cases once they were open in the IRS collection
They are as followed:
Hardship, payment agreement, statute of expiration, bankruptcy.
1. For those who are financially strapped and qualify, IRS has a currently non-collectible program in which taxpayers who qualify IRS will temporarily suspend their case between one and three years and then kick the case out later and re-review the financial statement.
Approximately 40% of all people who are in the current IRS collection Q wind up in a temporarily non-collectible file.
2. While other people based on their current financial statement can make a payment arrangement with the Internal Revenue Service. Approximately 6.5 billion people wind up in payment agreements because of their current financial statement. The Internal Revenue Service will use the national standard test to make sure the agreement is fair and reasonable.
3. Others qualify because the statute of limitation has expired on their tax assessments. As a general rule IRS has approximately 10 years to collect all cases. we can pull IRS tax transcripts to find out how close you are to having your statute of limitations expired.
4. While others can file Chapter 7 bankruptcy proceeding. We were review with you each of the criteria when you call us.
Tax Return Note:
As a side note, taxpayers should be aware that all tax returns must be filed before they can have an approved offer in compromise.
Before IRS will work an offer in compromise to settle your tax debt they will want all tax returns filed and they will want to make sure you are current on your ES payments or your withholding in the current year we are in.
If you submitted an offer in compromise and IRS finds your tax returns are not file they will return the offer to you.
We could prepare all back returns for you with little or no records. Please keep in mind that IRS can file your tax returns under 6020 B of the Internal Revenue Code.
The Internal Revenue Service keeps records for six years of all income source documents which means IRS has all your W-2s and 1099 s. I
RS will conduct a full compliance check anytime they work in open IRS collection case. As former IRS agents we know the system and understand all the protocols to get you the very best result possible.
Without question we are one of the best IRS debt tax relief services company in the United States. Since 1982 we have worked thousands of taxpayer clients and are above reproach.
When you are considering one of the best tax relief companies call fresh start tax, since 1982 we have been serving the Americas in resolving IRS tax debt. We can review all IRS tax programs and have tax attorneys, CPAs and former IRS agents on staff to serve your needs.
Our founder has been on FOX Business news as well as NBC . Mr. Sullivan is also contributed to Bloomberg news as well as the Wall Street Journal.
A Plus Rated + IRS Debt Tax Relief Services Company + Former IRS Agents + Since 1982
by Fresh Start Tax | Oct 9, 2018 | Tax Help
If you have unpaid back taxes and you need true affordable professional help call us today. Since 1982 resolving thousands of taxpayer cases.
.
If you have unpaid back taxes with the Internal Revenue Service and the tax help your various options you have to seek IRS debt relief.
Before you settle with the Internal Revenue Service they would like to see a current financial statement on IRS form 433a.
After a careful review of your current financial statement and the confirming documents you will submit which will include pay stubs in the last three months bank statements, IRS generally have three buckets of closing your open IRS collection case and settling your tax debt with the Internal Revenue Service.
General methods of closing after that review of your current financial statement IRS will include either placing you into a currently not collectible hardship situation, ask you for a monthly payment agreement or you could possibly qualify for an offer in compromise.
After review of your current financial statement we will make recommendations about the quickest, most affordable way to settle your debt with the Internal Revenue Service.
We have settled thousands of cases. We know the ins and outs of the IRS system.
Thousands of people who are seeking IRS tax debt relief for unpaid taxes have not filed back tax returns and many of them have not filed for years. Here’s a special note of interest for those people who have not filed back taxes.
MORE THAN 6 YEARS, SPECIAL NOTE:
Some of the things that you need to know from former IRS agents
Being a former IRS and being in the tax resolution business for over 40 years, this is a question that I have been asked hundreds and hundreds of times by taxpayers who have not filed multiple back tax years.
If you need any help in this area contact us today for free initial tax consultation and speak to former IRS agents.
We can file all your back tax returns and workout effective tax settlement. We know all the IRS systems for immediate and permanent IRS tax relief.
IRS Policy Statement 5-133
Delinquent returns—enforcement of filing requirements
Taxpayers failing to file tax returns due will be requested to prepare and file all such returns except in instances where there is an indication that the taxpayer’s failure to file the required return or returns was willful or if there is any other indication of fraud.
All delinquent returns submitted by a taxpayer, whether upon his/her own initiative or at the request of a Service representative, will be accepted.
However, if indications of wilfulness or fraud exist, the special procedures for handling such returns must be followed.
Where it is determined that required returns have not been filed, the extent to which compliance for prior years will be enforced will be determined by reference to factors ensuring compliance and evenhanded administration of staffing and other Service resources.
Factors to be taken into account include, but are not limited to:
- prior history of noncompliance,
existence of income from illegal sources,
effect upon voluntary compliance, anticipated revenue, and
collectibility, in relation to the time and effort required to determine tax due.
consideration will also be given any special circumstances existing in the case of a particular taxpayer, class of taxpayer, or industry, or which may be peculiar to the class of tax involved.
Normally, application of the above criteria will result in enforcement of delinquency procedures for not more than six (6) years.
Enforcement beyond such period will not be undertaken without prior managerial approval.
Also, if delinquency procedures are not to be enforced for the full six-year period of delinquency, prior managerial approval must be secured.
PLEASE BEWARE, IRS CAN FILE FOR YOU.
When IRS files your tax return you will pay the highest amount allowed by law.
26 U.S. Code § 6020 – Returns prepared for or executed by Secretary
(a) Preparation of return by Secretary
If any person shall fail to make a return required by this title or by regulations prescribed thereunder, but shall consent to disclose all information necessary for the preparation thereof, then, and in that case, the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.
(b) Execution of return by Secretary
(1) Authority of Secretary to execute return
If any person fails to make any return required by any internal revenue law or regulation made thereunder at the time prescribed therefore, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.
(2) Status of returns
Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes
When IRS prepares these tax returns they will allow you single with no exemptions dependence or deductions. You will pay the highest amount allowed by law.
You can undo this process by filing an original tax return in reducing your tax liability.
Don’t be afraid to file your back tax returns.
At some point in time IRS is going to catch up with you and most often it is better for you to contact them before they contact you.
As a former IRS agent you will find that IRS has little mercy on those who have purposely been avoiding filing and paying back taxes.
Contact us today and we can get you back in the system worry free. When you call our office you will speak to a true IRS tax expert in a Christian saved by grace.
So if you have any unfiled, back, delinquent tax returns call us today because we know the system. We are true IRS experts in this matter.
A side note, IRS keeps all records on file for six years. They have IRS source documentation to be able to show all 1099 and W-2 income from third-party sources.
You should also know that IRS can reconstruct your tax returns based on knowing where you lived and how much rent you paid.
Call us today for free initial tax consultation and we will walk through the process if you have unpaid back taxes and need to seek different IRS tax debt options.
Unpaid Back Tax Help + Pay Back Taxes + IRS Debt Relief Options + Nationwide Relief
by Fresh Start Tax | Oct 8, 2018 | Tax Help
Best Tax Relief Company, Fresh Start Tax LLC 1-866-700-1040
There are many excellent tax relief companies nationwide, Fresh Start Tax LLC is one of the premier and best tax relief companies in the United States.
Since 1982 we have been resolving IRS tax issues and we have an amazing history of successful client work and satisfied customers and that is due to the experience we have in dealing with IRS tax problems and tax issues and IRS tax relief.
On staff a CPA, Tax Attorney. She is available on request.
On staff are former IRS agents, managers and teaching instructors who were supervisors and managers while working at the Internal Revenue Service.
As a result of all of our work experience, we understand the methodologies and all the procedures to close IRS cases in the most prudent and affordable manner.
Upon your initial consultation in almost all cases we will let you know how your tax case will resolve itself and exactly how much it will cost you.
We have worked thousands of cases since 1982 and know the most efficient way to get you where you need to be.
You will never have to speak to Internal Revenue Service we will handle all communication with you to you and with the Internal Revenue Service
Offers in Compromise
We are AFFORDABLE IRS specialist experts for the Offer in Compromise for those wishing to settle their IRS tax debt. Former IRS Agents, since 1982. Former IRS OIC Specialist.
I am a former IRS agent and teaching instructor of the offer in compromise or tax debt settlement program along with other IRS programs and systems.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS experts who understand the IRS collection system.
All our work is done in-house and we are used by other firms to do their backend work.
You can call us today for free initial tax consultation and find out if you are a true offer in compromise tax debt settlement candidate.
Due to the IRS new fresh start initiative set out by the Internal Revenue Service many more taxpayers are eligible for the tax debt settlement.
Before a taxpayer or client thinks about the filing of an offer in compromise they should check out the IRS offer in compromise pre-qualifier tool first.
You can walk to the pre-qualifier tool on our site or call us today to learn more about it.
We will not file an offer in compromise or accept any fee for any client unless we know they are qualified for the program.
So if we send in your offer in compromise, you probably do have a pretty good chance of getting it accepted.
It is important to know you will that all back tax returns will have to be filed, up-to-date and current on the IRS computer system before the Internal Revenue Service will accept an offer in compromise.
IRS Tax Statistics for the OIC
Last year there were 78,000 offers in compromise were filed with the Internal Revenue Service, 38% of those were accepted for an average of $6500 per case.
Keep in mind this is a national average and varies from case to case is completely dependent on your current financial statement.
About 20% of all offers in compromise go to the Appellate Division for settlement.
You should know that not everyone is an offer in compromise candidate to settle their tax debt.
Make sure you are eligible for the OIC.
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.
Submitting your offer or OIC to the Internal Revenue Service.
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 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.
Selecting a payment option for the offer in compromise program
Your initial payment will vary based on your offer and the payment option you choose:
• IRS 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.
• IRS 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, you must continue to pay monthly until it is paid in full.
While your offer in compromise is being evaluated:
• 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);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Other :
IRS tax relief programs
Many taxpayers for a variety of reasons cannot qualify for an offer in compromise and IRS has four other buckets of ways they close cases once they were open in the IRS collection
They are as followed:
Hardship, payment agreement, statute of expiration, bankruptcy.
1. For those who are financially strapped and qualify, IRS has a currently non-collectible program in which taxpayers who qualify IRS will temporarily suspend their case between one and three years and then kick the case out later and re-review the financial statement.
Approximately 40% of all people who are in the current IRS collection Q wind up in a temporarily non-collectible file.
2. While other people based on their current financial statement can make a payment arrangement with the Internal Revenue Service. Approximately 6.5 billion people wind up in payment agreements because of their current financial statement. The Internal Revenue Service will use the national standard test to make sure the agreement is fair and reasonable.
3. Others qualify because the statute of limitation has expired on their tax assessments. As a general rule IRS has approximately 10 years to collect all cases. we can pull IRS tax transcripts to find out how close you are to having your statute of limitations expired.
4. While others can file Chapter 7 bankruptcy proceeding. We were review with you each of the criteria when you call us.
Tax Return Note:
As a side note, taxpayers should be aware that all tax returns must be filed before they can have an approved offer in compromise.
Before IRS will work an offer in compromise to settle your tax debt they will want all tax returns filed and they will want to make sure you are current on your ES payments or your withholding in the current year we are in.
If you submitted an offer in compromise and IRS finds your tax returns are not file they will return the offer to you.
We could prepare all back returns for you with little or no records. Please keep in mind that IRS can file your tax returns under 6020 B of the Internal Revenue Code.
The Internal Revenue Service keeps records for six years of all income source documents which means IRS has all your W-2s and 1099 s. I
RS will conduct a full compliance check anytime they work in open IRS collection case. As former IRS agents we know the system and understand all the protocols to get you the very best result possible.
Without question we are one of the best IRS debt tax relief services company in the United States. Since 1982 we have worked thousands of taxpayer clients and are above reproach.
When you are considering one of the best tax relief companies call fresh start tax, since 1982 we have been serving the Americas in resolving IRS tax debt. We can review all IRS tax programs and have tax attorneys, CPAs and former IRS agents on staff to serve your needs.
Our founder has been on FOX Business news as well as NBC . Mr. Sullivan is also contributed to Bloomberg news as well as the Wall Street Journal.
Best IRS Debt Tax Relief Services Company + Former IRS Agents + A Plus Rated
by Fresh Start Tax | Oct 8, 2018 | Tax Help
Call us today for a free initial tax consultation and we can get you back in the system with the IRS worry free, since 1982.
Being a former IRS agent and teaching instructor I can tell you there are very specific ways that IRS deals with unfiled, back in delinquent tax returns.
IRS is very lenient on those who need file back tax returns which is approximately 14 million taxpayers. iI you have unfiled, back, delinquent, past-due tax returns call one of the best rated IRS tax resolution companies in the nation.
Some of the things that you need to know from former IRS agents
Being a former IRS and being in the tax resolution business for over 40 years, this is a question that I have been asked hundreds and hundreds of times by taxpayers who have not filed multiple back tax years.
If you need any help in this area contact us today for free initial tax consultation and speak to former IRS agents.
We can file all your back tax returns and workout effective tax settlement. We know all the IRS systems for immediate and permanent IRS tax relief.
IRS Policy Statement 5-133
Delinquent returns—enforcement of filing requirements
Taxpayers failing to file tax returns due will be requested to prepare and file all such returns except in instances where there is an indication that the taxpayer’s failure to file the required return or returns was willful or if there is any other indication of fraud.
All delinquent returns submitted by a taxpayer, whether upon his/her own initiative or at the request of a Service representative, will be accepted.
However, if indications of wilfulness or fraud exist, the special procedures for handling such returns must be followed.
Where it is determined that required returns have not been filed, the extent to which compliance for prior years will be enforced will be determined by reference to factors ensuring compliance and evenhanded administration of staffing and other Service resources.
Factors to be taken into account include, but are not limited to:
1. prior history of noncompliance,
existence of income from illegal sources,
effect upon voluntary compliance, anticipated revenue, and
collectibility, in relation to the time and effort required to determine tax due.
consideration will also be given any special circumstances existing in the case of a particular taxpayer, class of taxpayer, or industry, or which may be peculiar to the class of tax involved.
Normally, application of the above criteria will result in enforcement of delinquency procedures for not more than six (6) years.
Enforcement beyond such period will not be undertaken without prior managerial approval.
Also, if delinquency procedures are not to be enforced for the full six-year period of delinquency, prior managerial approval must be secured.
PLEASE BEWARE, IRS CAN FILE FOR YOU. When IRS files your tax return you will pay the highest amount allowed by law.
26 U.S. Code § 6020 – Returns prepared for or executed by Secretary
(a) Preparation of return by Secretary
If any person shall fail to make a return required by this title or by regulations prescribed thereunder, but shall consent to disclose all information necessary for the preparation thereof, then, and in that case, the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.
(b) Execution of return by Secretary
(1) Authority of Secretary to execute return
If any person fails to make any return required by any internal revenue law or regulation made thereunder at the time prescribed therefore, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.
(2) Status of returns
Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes
When IRS prepares these tax returns they will allow you single with no exemptions dependence or deductions. You will pay the highest amount allowed by law.
You can undo this process by filing an original tax return in reducing your tax liability.
Don’t be afraid to file your back tax returns.
At some point in time IRS is going to catch up with you and most often it is better for you to contact them before they contact you.
As a former IRS agent you will find that IRS has little mercy on those who have purposely been avoiding filing and paying back taxes.
Contact us today and we can get you back in the system will be free.
So if you have any unfiled, back, delinquent tax returns call us today because we know the system. We are true IRS experts in this matter.
IRS Amnesty for Unfiled, Back, Delinquent Tax Returns Help = IRS Tax Debt Resolution Company
by Fresh Start Tax | Oct 8, 2018 | Tax Help
If you owe back taxes, it only makes sense to speak to affordable former IRS agents who know the system, we know every possible remedy to settle your IRS tax debt on Back Taxes.
We know the system because we have over 65 years of direct working knowledge being former IRS agents.
We know every possible system and methodology of the Internal Revenue Service and can help deal with IRS to settle existing tax debt with the Internal Revenue Service.
We know the system inside and out and know the fastest, quickest and most affordable way to completely and permanently relieve you of taxes owed to the Internal Revenue Service on back taxes. We know all the settlement options.
You can call us today for a free initial tax consultation and we can give you a free assessment on your case. Hear the truth from true tax experts.
To lower your tax debt on back taxes and settle with the IRS, the chief tool that must be used is the filing of an offer in compromise. As a former IRS employee, I worked the offer in compromise program, except it offers in compromise and taught the offer in compromise program to lower tax debt to new IRS employees. I know the system inside and out.
Last year there were 78,000 offers in compromise filed, 38,000 of those were accepted for average settlement of $4000 per case.
The sole means of qualification will be your individual documented financial statement.
The Internal Revenue Service will put an extensive review on your financial statement and documentation before they will come up and accept a tax settlement. There is a pre-qualifier tool now available to all taxpayers in firms to make sure you’re acceptable and suited candidate for the offer.
An offer in compromise allows you to settle your tax debt on back taxes for less than the full amount you owe.
IRS consider your unique set of facts and circumstances:, Ability to pay, Income, Expenses and Asset equity.
IRS 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.
Make sure you are eligible to lower your tax debt on back taxes.
Before we 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 to confirm your eligibility and prepare a preliminary proposal.
Submit your offer to settle back IRS taxes
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 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.
Select a payment option to lower your tax debt on IRS back taxes.
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.
Understand the process to lower your tax debt on back IRS taxes and settle.
While your offer is being evaluated:
• 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);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Not all taxpayers are qualified for offers in compromise
Most of our calls come to us because people want to settle their tax debt for pennies on the dollar but there are strict standards to settle your tax debt.
After IRS takes a financial statement there are two other possible remedies IRS may qualify you for.
First is to be placed in non-collectible due to your expenses exceeding your income and the second is a payment agreement.
Your financial statement and documentation is critically important to how IRS will settle your case on past due or old taxes.
Upon your initial review of your free consultation, we will review your financial statement and let you know the possibility of an offer in compromise, hardship or payment agreement.
We will make sure your IRS case is taken off the enforcement computer and settle your tax debt one way or the other.
Please keep in mind that all tax returns must be filed before IRS will close your case.If you have not filed your back tax returns we can prepare your tax returns with or without records ensure you will pay the lowest amount allowed by law.
Call us today for a free initial tax consultation you will hear the truth from former IRS agents who been involved in the system since 1982.
How to Settle With IRS on Old Back Tax Debt Help & Tax Services + Former Agents Explain Process
