by Fresh Start Tax | Nov 29, 2018 | Tax Help
If you have any problem with the Internal Revenue Service it only makes sense to hire former IRS agents who know the system.
Since 1982, we have been practicing IRS tax debt relief services.
Our firm has over 100 years of direct IRS work experience in the local, district and regional offices in Florida, and our staff is composed of former IRS agents, supervisors, managers, and teaching instructors.
As a result of all our knowledge, we know all the systems, methodologies, and every possible way possible to get you the fastest, most affordable, and the most effective IRS tax debt relief possible.
IRS deals with billions of dollars of tax debt on any given calendar year.
IRS has a very specific system that is used, that is a nationwide and/or worldwide system to deal with IRS tax debt.
HOW IRS WORKS TAX DEBT CASES ON BACK TAXES
When dealing with a taxpayer who owes back taxes, one of the first things IRS does when they work a case is to conduct a full compliance check.
A full compliance check means that the IRS will check on the filing statuses of every year to make sure you are in full compliance and they will request and mandate that all tax returns are on the IRS system before they will close your case off the enforcement computer.
If you have not filed all tax returns we can file all back tax returns and make sure you pay the lowest amount of tax by law. With or without tax records we can reconstruct your tax return because being former IRS agents we know the system. You should also know that if you have not filed for many back years IRS will only require filing of the last six years.
In some cases you can make an IRS payment agreement online if you meet the various requirements that IRS has. When you call our office we will let you know whether you qualify for an installment payment online.
For those of you who do not qualify for an online payment the Internal Revenue Service will require a current financial statement.
As a general rule, those financial statements will be on a form 433F, 433A.
If the cases at the service center the service center will request the F and if it is in the local office they will require the A. The Internal Revenue Service will a current financial statement fully documented along with bank statements, pay stubs, and copies of all expenses.
IRS will look to see if you have any assets that you can liquidate to pay in full and if that cannot be done there are two other options.
The first is the payment agreement and the second, you can be deemed currently not collectible and IRS can put you in a hardship status if you are truly having a financial hardship in your life.
Some taxpayers can qualify for an offer in compromise which they can settle their debt for pennies on a dollar.
Upon calling our office we first try to find out if you can settle your debt to completely extinguish the liability.
The offer in compromise is the very best way to completely take care of your IRS debt. There are very specific formulas to settle your debt and we make sure you are a qualified candidate to settle your IRS debt before taking any money and working your case. C
Call us today for a free initial tax consultation and we will let you know the best possible status given your current financial statement.
We are a full-service firm we can prepare all back tax returns, settle your case if necessary, and we can go to appeals if necessary. All our work is handled in-house by true IRS tax experts on IRS tax debt relief for back taxes.
When you call our office, you will speak to a true IRS tax expert and not a salesperson like most companies.
We are a nationwide tax firm that does work not only in these United States but all over the world for any US citizen or any person that owes taxes to the United States Department of the Treasury.
We look forward to hearing from you.
IRS Tax Debt Relief Services For Back Taxes + What You Need Know, Former IRS = Jacksonville, Tampa, Orlando, Tallahassee
by Fresh Start Tax | Oct 11, 2018 | Tax Help
We are one of the best tax settlement companies in the United States, practicing since 1982 comprised of former IRS agents, managers and teaching instructors.
We have worked thousands of cases since 1982 through every level of the Internal Revenue Service. We have worked in almost every single position in IRS collection and audit.
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.
NOBODY MATCHES OUR IRS EXPERIENCE, NOBODY!
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. True IRS tax resolution should be handled by experienced veterans who work thousands of cases.
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. Whatever you do do not be fooled by other companies.
When you call other tax settlement companies you are usually speaking to a salesperson who doesn’t know beans about offers in compromise what is trying to upsell you on the settlement.
Offers in Compromise, the OIC, this is known as the pennies on a dollar program.
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. The pre-qualifier tool has been put there by Internal Revenue Service to make sure you are not ripped off by tax settlement companies.
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. Many times your best settlements occur when your case goes to the appellate division for review and the person needs to settle your case.
You should know that not everyone is an offer in compromise candidate to settle their tax debt.
There are many companies out there today advertising pennies on the dollar and if you are not a true qualified candidate you should not be giving your money to any firm.
The advice I give everyone is to speak to the person who is working your case and let them explain why you are a qualified candidate for the offer in compromise.
Make sure you are eligible for the OIC. Do not give your money to any company firm or otherwise until you know you are a qualified candidate.
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. When you are in a bankruptcy proceeding IRS literally freezes all activity on your account.
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.
Keep in mind IRS will process no offer in compromise until all documents are in the sent file.
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. This very rarely happens but from time to time you get lucky and win the lottery.
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.
As former IRS agents we know the system and understand all the protocols to get you the very best result possible.
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 Tax Settlement Company + IRS Tax Debt Relief + Fresh Start Tax LLC + Since 1982
