IRS Problem, IRS Tax Relief Help – Former IRS, Tax Attorneys – Upper Montclair, Cedar Grove, West Orange, Ridgewood, Mendham, Franklin Lakes, Newark, Bernardsville – New Jersey

by Fresh Start Tax | Nov 28, 2012 | IRS Tax Problem

IRS Problem, IRS Tax Relief Help – Former IRS, Tax Attorneys – Upper Montclair, Cedar Grove, West Orange, Ridgewood,

IRS Problem, IRS Tax Relief Help – Former IRS, Tax Attorneys

Fresh Start Tax LLC – New Jersey Offices
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040

You can speak directly to Tax Attorneys, Tax Lawyers, CPA’s and Former IRS  Agents. We have over 205 years of professional tax experience and over 60 years working directly for the Internal Revenue Service.

If you are having any IRS Tax issues or IRS Tax Problems and need immediate tax relief help call us today and we can stop the IRS.

IRS wants to close your case.

IRS wants your case out of there collections inventory. they will want you to complete a IRS Financial Statement a 433F or a 433 A and with that can determine a exist strategy.

We have worked thousands of IRS cases. We ill develop game plan for you to resolve your IRS tax issue or tax problem.

We will develop a game plan with our first phone call and stop the IRS on an immediate and permanent basis.

As a side note, you will have to bring all tax returns current.

How Fresh Start Tax LLC will settle, negotiate your case with the Internal Revenue Service and get you tax relief.

1. We immediately will send a power of attorney ( POA ) to the IRS letting them know we are now your tax representative. You will never have to speak to the IRS at anytime during the course of our engagement.

2. We will make sure all your tax returns are filed and current.

If your tax returns are not up to date or tax complaint, the IRS will refuse to work your case.

We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We are experts in tax reconstruction.

3. The IRS requires a current financial statement. We will secure a required 433-A or a 433F (IRS financial statement), IRS will then verify the income and expenses and work out a tax settlement agreement and close your case.

The IRS will require a closing settlement method for each case.

4. We review with our clients how they want to settle  or close their case. We get them an agreement based on their current financial needs and look into a look term strategy to permanently resolve them IRS tax problem.

IRS Tax Settlement Agreements can be in different forms or strategies.

a. Hardship Settlements.

If you qualify for a tax hardship,IRS Hardship Cases usually go into a 3 year suspended status because of an inability to pay.

This is also called currently noncollectable or CNC. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship. You can find the National Standards on our site.

b. Payment Agreements, Installment Agreements.

Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible payment amount required by the IRS.

c. IRS Offer in Compromise.

There are three types of OICs:

The IRS may accept an Offer in Compromise based on three grounds:

1. Doubt as to Collectibility.

 Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.

2. Doubt as to Liability.

A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:

  1. the examiner made a mistake interpreting the law,

  2. the examiner failed to consider the taxpayer’s evidence or

  3. the taxpayer has new evidence.

3. Effective Tax Administration –  Exceptional Circumstances

IRS Economic Hardship

When a taxpayers liability can be collected in full but collection would create an economic hardship, an ETA offer based on economic hardship can be considered.

The definition of economic hardship as it applies to ETA offers is derived from Treasury Regulations § 301.6343-1.

IRS Economic hardship occurs when a taxpayer is unable to pay reasonable basic living expenses.

The determination of a reasonable amount for basic living expenses will be made by the Commissioner and will vary according to the unique circumstances of the individual taxpayer.

Unique circumstances, however, do not include the maintenance of an affluent or luxurious standard of living.
Note:

Because economic hardship is defined as the inability to meet reasonable basic living expenses, it applies only to individuals (including sole proprietorship entities). Compromise on economic hardship grounds is not available to corporations, partnerships, or other non-individual entities.

The taxpayers financial information and special circumstances must be examined to determine if they qualify for an ETA offer based on economic hardship.

An IRS financial analysis includes reviewing basic living expenses as well as other considerations.

The taxpayers income and basic living expenses must be considered to determine if the claim for economic hardship should be accepted. IRS have certain applied standards that it will use.

Basic living expenses are those expenses that provide for health, welfare, and production of income of the taxpayer and the taxpayer’s family.

National and local standard expense amounts are designed to provide accuracy and consistency in determining taxpayer’s basic living expenses.You can find those on our website.

These standards are guidelines and if it is determined that a standard amount is inadequate to provide for a specific taxpayer’s basic living expenses, allow a deviation. Require the taxpayer to provide reasonable substantiation and document the case file.

In addition to the basic living expenses, other factors the IRS will to consider that impact upon the taxpayers financial condition include:

1. The taxpayers age and employment status,

2.Number, age, medical issues and health of the taxpayers dependents,

3.Cost of living in the area the taxpayer resides and

Any extraordinary circumstances such as special education expenses, a medical catastrophe, or natural disaster.

IRS Problem, IRS Tax Relief Help – Former IRS, Tax Attorneys – Upper Montclair, Cedar Grove, West Orange, Ridgewood,