by Fresh Start Tax | Jan 9, 2019 | Tax Help
We are a staff of tax professionals that include former IRS agents and managers who have over 200 years of combined tax work experience and have 100 years of working directly for the Internal Revenue Service.
We have worked thousands of cases since 1982 and we are A+ rated by the Better Business Bureau.
We are the fast, affordable and one of the highest rated tax firms in the nation.
We pride ourselves on our results, our communication , and affordable pricing. Our experience is your best friend.
IRS Tax Debt Relief
Despite what you hear on TV about every one being able to settle their tax debt for pennies on the dollar, there is a realization that all taxpayers can settle their tax debt. The airwaves, media outlets and social sites are putting in the minds of people who IRS is willing to settle these tax debts.
It is time to understand the truth.
As a former IRS agent and teaching instructor it was my job to teach new revenue officers how to collect back tax debt.
The information your hearing is the only truthful information that you need to know regarding relieving yourself of a federal or state tax obligation.
How IRS Will Deal With a Federal Tax Debt
IRS has a very specific system to deal with federal tax debt.
Throughout the United States there must be a oneness and a fairness so all taxpayers are treated equally. With that said, many taxpayers who owe under $25,000 can simply go online and make a payment agreement as long as they meet all of the qualifications.
Filing All Tax Returns
One of the qualifications that hold most people up on settling your IRS tax debt is the fact that all federal tax returns have to be filed.
IRS will not close a case in their working inventory nor take you off of the IRS enforcement computer unless you are in full compliance with all filings. It is a must and IRS will not compromise on this issue.
If you need to file back tax returns contact us and we can file all your tax returns with or without records. If you’ve lost your tax records we can pull IRS tax transcripts and reconstruct your tax returns and get you back in the system worry free.
For those of you who cannot enter an online payment program with the Internal Revenue Service, the IRS has a particular format in place to decide how they are going to deal with your federal tax debt.
IRS uses tw/three forms to make those determinations.
Those cases at the service center will use form 433F, and those in the local office, mainly revenue officers will use the 433 a. If you have a business they will assist you fill out the 433B which is a business financial statement.
After the IRS receives these financial statements they will insist that all documentation accompanying the financial statements be presented to them as well.
They will ask for the last six months with the bank statements, verification of all expenses, pay stubs, and any other pertinent information to determine collectibility. Basically, IRS is conducting a mini audit on your financial statement to verify that you are truthful and accurate for them to make a correct decision.
IRS has also a format as to what expenses that they will allow because they cannot allow people to spend what they want and not pay federal taxes.
The IRS has a list of all allowable expenses and their boundaries that they will allow.
These boundaries have been set up by the Department of Labor and are used by the United States trustee in bankruptcy court so all federal agencies use the same guidelines and boundaries.
IRS will insist that you stay within the boundaries in:
1. housing and utilities,
2. food and clothing,
3. car payments, and,
4. insurance.
The federal charts are available on our website or you can contact us today and we can review the process.
How Will IRS Proceed To Close Your Case
IRS after a careful review of your financial statement and documentation IRS will generally will conclude one of three closing methods.
Number one:
IRS may determine that you’re in a current hardship in place you into a non-collectible file.
The good news is you will not have to make payments or deal with IRS for a period of 1 to 3 years however penalties and interest will still run. IRS will bring the case back out to the field to review at a later time within a prescribed period of time.
IRS will place a refund freeze on your account so all refunds go to the Internal Revenue Service. If you fail to file another tax return on time or pay it in full your case will automatically be generated back to the field. If IRS does this are going to be a lot stricter in working your case
40% of all open cases and IRS collection inventory are placed in hardship.
Number two:
IRS may determine after a careful review of your income and expenses that you are a payment, installment or a monthly agreement candidate.
IRS will discuss with you after review of that statement exactly how much that payment will be and set up the terms of that agreement.
6.5 million taxpayers enter into monthly payment agreements, with one-third of all taxpayers default.
Number three:
After a review of your financial statement it could be determined that you are an offer in compromise or tax debt settlement candidate which means you can settle for pennies on the dollar.
The offer in compromise is not for everyone and we are very careful to proceed and filing your offer unless you’re a truly qualified candidate.
We will review your current financial statement to see if we can settle your tax debt for pennies on the dollar. We will file no offer in compromise unless we know with a reasonable degree of high accuracy your offer will be accepted by the Internal Revenue Service.
This is an area were more companies rip taxpayers off making them think or believe IRS is going to settle their cases. There is a very specific formula, guidelines and charts that IRS uses to settle their tax debt. I am more warning you now, don’t be fooled by other companies.
Last year, 78,000 offers in compromise were filed, IRS accepted 38% for an average of $9500. But keep in mind this was just a national average.
If you want to hear the truth about IRS tax debt relief help and whether you’re eligible for a tax settlement or want to find out if you can be a payment agreement candidate or you may be placed in hardship, call us today for a free initial tax consultation and you will learn the truth.
Since 1982 we have been resolving IRS tax debt.
Affordable IRS Tax Debt Help Relief + Tax Settlement + Payments + Hardships + All Options + Former IRS
by Fresh Start Tax | Oct 16, 2018 | Tax Help
As a general rule there are five options you have if you owe back tax debt.
Free Consults, HEAR THE TRUTH
We are the true tax experts, we have worked thousands of cases. Being former IRS agents gives us a unique advantage over the competition because we know every system, every strategy and every methodology that IRS can employ.
Use our experience to benefit you.
The general myth that is in the public today is that you can settle for pennies on the dollar.
While that is true you must be a true qualified candidate for the IRS offer in compromise program to settle back tax debt.
So here is the process to determine how you can dispose of an IRS tax debt.
First and foremost the IRS will require a current financial statement and that is generally on a form 433F or 433A depending on where your cases in the IRS system. You can download the forms on our website.
IRS will expect that financial statement to be documented fully including bank statements, pay stubs, copy of all expenses and any other document that applies in your particular situation. The Internal Revenue Service conducts a mini audit on your financial statement. Since IRS spends so much time reviewing your case using the financial statement we understand the system to put you in the best spotlight with IRS. We spend a lot of time reviewing your financial statement and making adjustments were possible to get you the best result.
Full compliance check.
It is of utmost importance for you to know that the Internal Revenue Service will conduct a full compliance check which means that Internal Revenue Service will make sure all your tax returns are filed, up to date, and you are currently are making estimate payments or have sufficient withholding being taken out in the year you call IRS so you will not incur a problem again. IRS does not like repeat and habitual offenders.
Tax Return Status.
If you have back tax returns that you need to file to get current to comply with the IRS requirements we can have our former IRS agents who know every single tax lawoption to ensure that you will pay the lowest amount by law file your returns and get them on official record .
Many people say well I don’t have sufficient records to prepare my tax returns?
That is not a problem for us, we can pull back IRS transcripts to find out what your income for the past six years and we can reconstruct your tax return based on IRS reconstructive methods and still ensure you pay the lowest amount by law.
There are five general options to close out a tax debt case.
1. You can pay the tax liability in full and if you need a couple of weeks or a couple of months IRS will entertain that and allow you time enough to cut them a check. As a general rule we file a power of attorney, speak to the Internal Revenue Service and let them know of the full payment date.
2. You can make a payment plan. There are various payment plan options available and when you call our office we will review your current financial statement and walk you through the various programs the internal revenue has to pay them.
Payment plans are based on your current financial statement and your ability to pay. IRS will also take an online payment if you meet and fit the criteria.
3. Your case can be put in a currently not collectible or hardship.
If you have more expenses and income and you live the means test of the national standard program , IRS can temporarily suspend your case. That suspension could last one to three years. IRS will re-review the case in a period of time. The downside to this program is that penalties and interest still run, the upside is that IRS is off your back for a period in season of time.
4. You can file a bankruptcy to help stop and delay IRS. As a general rule chapter 7, Chapter 11, and Chapter 13 may apply to certain cases. We can review those options with you.
5. The statute of limitations.
IRS has 10 years to collect back taxes from the day your taxes as assessed. The day your taxes assessed means the day IRS puts your tax return onto their computer system for the first time. The general statute of limitations runs 10 years from that date of assessment. There are actions that extend the statute of limitations such as filing of a collection due process, bankruptcy, or litigation and there are other factors.
When you use our company you will never have to talk to IRS.
We handle all communication we treat you with dignity respect and most of our clients become more friends.
If you are having a problem paying your back tax debt you can call our office and speak to true IRS tax experts you have over 200 years of direct professional work experience and over 100 years working at Internal Revenue Service.
When you call our office you will speak to true IRS tax experts who have worked thousands of cases.
Do You Have Tax Debt + Hear Every Option From Former IRS Agents
by Fresh Start Tax | Oct 1, 2018 | Tax Help
IRS Tax Relief Programs + 5 Different Options + Hear The TRUTH + Former IRS Who Know the System, Since 1982
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 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
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, offer in compromise.
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.
5. 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.
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 case 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.
We could prepare all back returns for you with little or no records.
Our founder has been on FOX Business news as well as NBC.
IRS Tax Relief Programs + 5 Different Program Options + Hear The TRUTH = Former IRS
by Fresh Start Tax | Dec 11, 2014 | Tax Help
We’re affordable tax experts that specialize in IRS and state tax help.
Since 1982 we have helped thousands of clients remove and settle their IRS and state tax issues.
If you have received an IRS tax levy, wage garnishment, need to file back tax returns, apply for a tax settlement or if you are experiencing a current tax hardship, contact us today for a no-cost professional evaluation and we will weigh in on your current problem and explain how you can immediately and permanently take care of your IRS tax problem.
Our staff is comprised of tax attorneys, tax lawyers, certified public accountants, enrolled agents and former IRS agents managers and tax instructors.
We know the system very well because we have over 60 years of direct work experience in the local, district and regional offices of the in Internal Revenue Service some of our former IRS agents have worked as teaching instructors and have written partly internal revenue manual dealing with IRS collection policy under for tax matters.
Call us today in her the truth about your situation.s. We are a full service tax firm practicing since 1982.
Anyone planning to settle their tax debt for pennies on a dollar can talk to us about the offer in compromise program.
Before we accept any money from any taxpayer trying to settle the debt, we will walk you through the pre-qualifier to tool to make sure they are a suitable candidate.
As a former IRS agent I worked this program while employed at the IRS and was a teaching instructor fir it, I know the system very well.
IRS Tax Help Experts = Tax Levy, Wage Garnishments, File Back Taxes, Settle Tax Programs , Hardships = Amory, Aberdeen, Nettleton, Hamilton
by Fresh Start Tax | Dec 7, 2014 | Tax Help
We have been in private practice since 1982 and are a full-service affordable firm A+ rated by the Better Business Bureau.
You can have true IRS tax experts for the same affordable price work your case and get you the best possible settlement with the Internal Revenue Service, guaranteed.
We are former IRS agents, managers and tax instructors with over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service. We understand the IRS system and how it works.
Let our experience be your best ally to go ahead to fully and permanently resolve your IRS back tax issues, matters are problems.
Caution:
When searching the Internet use caution before calling a so-called tax firm.
Many advertisement you see on the internet are nothing more than lead generations companies selling your information to third parties to the highest bidder.
Before calling any firm make sure they are a true professional tax firm.There bio’s will be on the site.
Check out the bios and the Better Business Bureau rating.
Here at fresh start tax llc, we are comprised the tax attorneys, certified public accountants and former IRS agents that have been practicing since 1982.
We are a full-service tax accounting firm handling everything from a simple notice or letter going to tax court if necessary.
We are true tax experts if you need to file and settle your back taxes.
Call us today for a free initial tax consultation and speak directly to a true tax professional on the best possible remedy and solution to go ahead to fully resolve your IRS tax problem.
We can set up simple IRS payment plans, find out whether you are a hardship candidate for the uncollectible program,or settle your tax debt through the offer in compromise, fresh start initiative.
When you call our office you will speak directly to a true tax professional.
File & Settle Back IRS Taxes = Make IRS Payments, Hardships, Offers in Compromise, Former IRS = Denver, Colorado Springs, Aurora, Fort Collins, Lakewood
