by Fresh Start Tax | Sep 16, 2014 | Tax Help
Do you want to hear the truth about resolving IRS Tax Debt?
The best way to get yourself out of IRS tax debt is to speak to former IRS agents and managers with over 60 years of combined work experience in the local, district, and regional tax offices of the IRS to fully resolve your tax debt problem.
We know the system inside and out.
FST is the Affordable Choice and we are A plus rated by the BBB.
We have been in private practice since 1982.
Tax Debt with the IRS
IRS has a very specific system to deal with taxpayers, businesses and corporations that over the Internal Revenue Service.
Before the Internal Revenue Service makes any determinations whatsoever they need to have a documented and verifiable financial statement before they will close or settle any IRS tax debt.That is there system and that is there process.
The Internal Revenue Service has different forms that they use for their financial statement but the two base forms are the 433F in the 433A.
You can find these forms on our website.
When a taxpayer submits that financial statement to the Internal Revenue Service they will expect full documentation including the last three months worth of bank statements, copy of all monthly expenses, and the last month’s pay stubs.
The IRS agent will analyze your financial statement against the national, regional, and localized norms for income and expenses.
As a general rule, after the financial review the IRS has one of 2 categories taxpayers businesses or corporations may be placed into.
The Internal Revenue Service may determine:
1. your current hardship and put your case and to the non-collectible file where it remains for a couple years until it comes back out for review.
2. The Internal Revenue Service may let you know that you must make monthly payments based on your income and expense analysis.
The Internal Revenue Service may suggest the filing of an offer in compromise because they feel that you are a viable candidate for the tax debt settle program.
The offer in compromise program is not for everybody.
You must know the system.
As former IRS agents we have worked thousands of cases and understand the complete working system to settle your IRS tax debt.
All taxpayers when contacting IRS would be required to file all tax returns. If that’s an issue we can prepare your tax returns within days with little or no records.
The Tax Debt Settlement called the Offer in Compromise
The IRS may accept an OIC based on three grounds.
- First, acceptance is permitted if there is doubt as to liability. This ground is only met when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.
- Second, acceptance is permitted if there is doubt that the amount owed is fully collectible. Doubt as to collectibility exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
- Third, acceptance is permitted based on effective tax administration. An offer may be accepted based on effective tax administration when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
Call us today and we will review your individual case and find out which programs fits you the best.
Tax Debt IRS – Settle IRS Back Taxes, Payment Plans, Hardships, File Past Returns – Affordable Former IRS – Los Angeles
by Fresh Start Tax | Sep 4, 2014 | Tax Help
We are comprised of AFFORDABLE tax attorneys, tax lawyers, CPA’s and former IRS.
We have been in practice since 1982 and are a plus rated by the BBB.
We know our business and the IRS & STATE TAX SYSTEM.
The Internal Revenue Service AND THE STATE has a system to everything.
Being former IRS agents managers and teaching instructor we know everything about the system.
We have over 60 years of working in the local, district, and regional tax offices of the Internal Revenue Service and we taught tax law to new and advance IRS agents.
We know the exact system dealing with back IRS tax debt for individuals and for businesses.
Call us today for free initial tax consultation and speak to true AFFORDABLE IRS tax experts.
We are staffed with tax attorneys, certified public accountants, and former IRS agents.
How the Internal Revenue Service will deal with taxpayers that owe back IRS individual and payroll taxes.
Part of the IRS system in dealing with people who owe back individual and payroll taxes are to make determinations through financial statements.
Therefore a current financial statement is necessary.
You will have to provide the IRS financial statement along with documentation and support to verify everything you put on the statement.
With that in hand, the Internal Revenue Service will expect you to be current in the year with your tax deposits or ES payments or withholding taxes as well as having all tax returns filed.
After IRS reviews your financial statement, they will place you on one of two categories.
The Internal Revenue Service will either place you in to a:
1. uncollectible or hardship status or
2. ask you to start making payments based on your ability to pay through the analysis of your income and expense review.
TAX PROFESSIONALS KNOW HOW TO HANDLE THESE CASES AND GET THE VERY BEST RESULTS.
Remember that your current financial statement determines how the Internal Revenue Service will deal with your case so it’s important that a true tax professional deals and represent your best interest during this process.
Call us today for a free initial tax consultation and we can walk you through the process to relieve yourself of owing IRS back tax debt in the pain that that causes.
We are A plus rated by the Better Business Bureau and have been in private practice since 1982.
We are individual and payroll tax experts.
If you are not making current payroll tax deposits it is wise to immediately start making current tax deposits so the Internal Revenue Service sees that you are making a true effort to redeem yourself.
Owe Back Taxes – IRS, State = Payments Hardships Settlements – Tax Attorneys, Former IRS New York, NY, Manhattan
by Fresh Start Tax | May 10, 2013 | Back Taxes
OWE IRS – Here are your options – Payment Plans, Hardships, Tax Settlements – Former IRS 1-866-700-1040
If you owe the IRS and wish to explore closing your case off the IRS enforcement action contact us today.
We are tax experts in solving problems when taxpayers over the IRS. You will generally find there are three options of closing your case with the Internal Revenue Service.
We can discuss the various options which include payment or installment agreements, IRS tax hardships or the IRS tax debt settlement call the offer in compromise.(these are the main options)
If you owe the IRS, most of the tax solutions and options available to you will greatly depend on your current financial condition.
In many cases, the IRS will require a 433F which is their version of a financial statement. You can find that form on our website and you must be prepared to have that form fully documented and verified so the Internal Revenue Service can review your current financial situation.
Wish to Make a IRS Payment Plans, Installment Agreements
You can make monthly payments through an installment agreement if you’re not financially able to pay your tax debt immediately.
However, you will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill in full. If you have reasonable cause you can look to abate or eliminate penalties and interest should they exist. You can find a great penalty abatement strategies on our website.
Before you apply for a payment plan or a installment agreement:
- File all required tax returns;
- Consider other sources (loan or credit card) to pay your tax debt in full to save money;
- Determine the largest monthly payment you can make ($25 minimum); and
- Know that your future refunds will be applied to your tax debt until it is paid in full.
Fees for setting up an installment agreement:
a. $52 for a direct debit agreement;
b. $105 for a standard agreement or payroll deduction agreement; or
c. $43 if your income is below a certain level.
Understand your Payment Plan Agreement, avoid default
To keep your account in good standing:
1. Pay at least your minimum monthly payment when it’s due (direct debit or payroll deductions make this easy);
2. Include your name, address, SSN, daytime phone number, tax year and return type on your payment;
3. File all required tax returns on time;
4. Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot);
5. Continue to make all scheduled payments even if we apply your refund to your account balance; and
6. Ensure your statement is sent to the correct address, contact us if you move or complete and mail Form 8822, Change of Address (PDF).
If you don’t receive your statement, send your payment to the address listed in your agreement.
There may be a reinstatement fee on defaulted Payment Plans
There may be a reinstatement fee if your agreement goes into default.
Penalties and interest continue to accrue until your balance is paid in full. If you are in danger of defaulting on your payment agreement for any reason, contact the IRS immediately.
IRS Tax Hardships, Currently non-collectible
After the Internal Revenue Service reviews your current financial statement you may be able to apply for an IRS tax hardship which is called currently not collectible.
After a careful review of your financial statement (433F) the Internal Revenue Service may find you have more expenses than income and you meet the necessary living expenses as well as the national and regional tests. Before you can make any rational decisions on your case you must understand the national and regional standard programs.
You can find those necessary living expenses on our website.
If IRS so chooses to place your case in a tax hardship that will usually stay in that program for two or three years until you have the necessary income to start making payments or to make a tax settlement.
You can find out if you qualify for IRS tax hardship by scanning or faxing over your financial statement.
We will review your financial statement and within five minutes let you know if you qualify for tax hardship treatment.
IRS Tax Settlements
IRS receives 58,000 offers in compromise every year and accepts approximately 25%. Offers in compromise take anywhere from 6 to 9 months to work by the Internal Revenue Service.
An IRS tax settlement is called an offer in compromise.
This is a very complex process and should never be tried by taxpayers with no experience in attempting to settle their case with Internal Revenue Service.
Being a former IRS agent in teaching instructor very few taxpayers can do this on their own with any success. To help taxpayers at reach out to us you will find an IRS pre-qualifier on our website to find out whether you can qualify for IRS tax settlement.
We will not work any cases for IRS tax settlement unless a taxpayer is a fully qualified and has filled out the IRS pre-qualifier tool.
Do not give your money to any tax firm promising you that they can get an accepted offer in compromise.
If a firm promises you is that let me a apprise you right now your probably speaking to a sales agent at that firm because no tax professional can make that claim.
Please keep in mind I was a former IRS agent in a instructor for 10 years and taught the IRS tax debt settlement program called the offer in compromise.
Contact us today and speak directly to tax attorneys, certified public accountants, or former IRS agents, managers and tax instructors.
We are A+ rated by the Better Business Bureau and in private practice since 1982. All first-time tax consultations are free of charge.
OWE IRS – Here are Your Options – Payment Plans, Hardships, Tax Settlements – Former IRS
by Fresh Start Tax | Dec 1, 2012 | IRS Notice or Letter, Tax Help, Uncategorized
IRS Notice, Letter CP 503 – Affordable, Former IRS, Tax Solutions, Settlements, Hardships – Fresh Start Tax LLC
Fresh Start Tax LLC is a IRS tax specialty firm. Since 1982, the principles of Fresh Start Tax LLC have been successfully resolving IRS tax issues and problems. We are the Affordable Firm.
You have options so do not panic.
All tax consultations are free. You will speak directly to a true tax professional.
We have over 60 years of direct IRS work experience and over 205 years of total tax experience.
We taught Tax Law at the IRS.
The IRS Notice and Letter CP- 503
The IRS Notice or Letter is the third letter or notice that the IRS CADE 2 computer system generates to a taxpayer. all letters and notices are sent out on a 5 week billing cycles.
It is the last friendly notice that the IRS sends to taxpayers, after this it gets nasty, real nasty.
You can stop the IRS with one call.
The very next Notice or Letter after the CP 503 sent out 5 weeks later is an Intent to Seize. That seizure is in the form of a IRS Bank Levy or a IRS Wage Garnishment.
At this point you have different settlement options.
You can have Fresh Start Tax LLC contact the IRS and get your case closed in one of the following ways:
1. A Hardship, unable to pay the tax at this time because of financial conditions in your life,
2. The filing of a settlement agreement called the offer in compromise.
3. A payment plan or payment agreement,
IRS will require a IRS financial statement that you can find on our website. The IRS will review the financial statement and the documentation to verify the statement and will negotiate with us a means of settlement.
We can get you results you are looking for. Call us today and stop the worry.
Our 205 years of experience can get you results. 1-866-700-1040.
What the CP 503 will look like.
Notice CP503, Page 1
Notice CP503, Page 2
IRS Notice, Letter CP 503 – Affordable, Former IRS, Tax Solutions, Settlements, Hardships – Fresh Start Tax LLC
by steve | Feb 28, 2012 | Installment Agreements, IRS Payment Plans, Tax Help
Does the IRS want a 433F from you? Do not fall into that trap! Use caution.
Use caution before giving that 433F financial statement to the Internal Revenue Service.
Most taxpayers have no clue what they are doing when sending a 433F to the IRS.
I should know. I am a former IRS agent and collections officer with the IRS. I also was a teaching instructor with the IRS.
I felt sorry for taxpayers who walked in or called the IRS on there own. It was almost stealing candy from a baby. You are walking into a trap.
Why?
IRS is a collection agency. They are not here to help the taxpayer. The taxpayer has no idea what IRS is looking for and more importantly they have no standard to judge whether the IRS Agent in the office or on the telephone is acting in the best interest of the taxpayer.
The fact of the matter is very simple, the IRS Agent is only acting in the governments best interest.
What is the 433F going to tell the IRS?
Everything!
You are giving the IRS a road map of your financial life and possible levy and seizure sources. IRS has very strict requirements on how it will work and close cases. Everything the IRS does as far as the collection division is tied into assets and the national standard expenses.
Many taxpayers believe they are in a financial hardship or a payment candidate however when the national standards are applied, the taxpayer has a wake up call. They find themselves behind the 8 ball and making a large payment to the IRS because of the 433F.
Remember, the only thing the IRS is looking at is assets and income, your liabilities are of no concern to the IRS. Your 433F Financial Statement is their road map to your pocket book. Let a tax professional give the IRS your 433F.
The National Standards and the 433F.
IRS Collection Financial Standards are intended for use in calculating repayment of delinquent taxes. These Standards are effective on March 1, 2011 for purposes of federal tax administration only. Expense information for use in bankruptcy calculations can be found on the website for the U.S. TRUSTEE program
National Standards have been established for necessary expenses: food, housekeeping supplies, apparel and services, personal care products and services, miscellaneous, housing and utilities, medical, transportation and a handful of other items. Each taxpayer must fit into the IRS national standards. If you go over the IRS standard that is your loss. IRS does have certain exceptions to this rule and a good tax representative can help you through this problem.
IRS Collection Financial Standards are intended for use in calculating repayment of delinquent taxes. These Standards are effective on March 1, 2011 for purposes of federal tax administration only. Expense information for use in bankruptcy calculations can be found on the website for the U.S. Trustee Program.
If you owe the IRS money, talk to a tax professional first. The last thing you want to do is to turn over that 433F on your own.
Also as a footnote, any IRS 433F must be fully documented and IRS will require proof of any expense recorded on the form.
Call us today and get results.
