by Fresh Start Tax | Dec 10, 2018 | Tax Help
If you owe back taxes to the Internal Revenue Service you have several options to resolve your back tax debt. As a former local IRS agent, here are your options for relief. <><
We are a Christian firm that specializes in IRS tax debt relief, since 1982 we have been serving Christians nationwide to help resolve your IRS problems during a season of their time that has not gone as planned. We handle everything from a biblical perspective. Please ask us about our faith if you wish to.
Millions of taxpayers owe back taxes every year to the Internal Revenue Service and best guess estimates show there’s anywhere between 5 to 10 million people who do not fully pay their income taxes when filed.
They generally fall into two categories of people, those who have not had sufficient withholding taken out or self-employed individuals who simply never made or did not have enough estimate payments made to the Internal Revenue Service to cover their tax debt.
Both find themselves on the short end of the stick when it comes to tax season.
Many of these taxpayers never bother to file a tax return when they find out they owe tax fearing the worst or retribution from the Internal Revenue Service.
Many of these people fear the IRS levy on their bank or their wages or the filing of a federal tax lien. So what do most of these people do, many put their head in the sand and don’t bother to go ahead and do anything about the inevitable debt. However at some point in time they are going to have to deal with Uncle Sam and many will receive a nasty gram.
The fear is not as bad as people think. You have different options to resolve your IRS back tax debt and keep IRS out of your life and out of your back pocket.
Here are your different options if you owe back tax debt to the Internal Revenue Service.
About 6.5 million taxpayers a year make monthly installment agreements. Some of these can come in the form of online agreements. the ones do not fit the online agreement category must give IRS a current financial statement documented along with copies of pay stubs bank statements and they must understand the necessary living expense standards set up by Internal Revenue Service.
IRS will require a financial statement which is generally on a 433F to be fully reviewed fully documented before making a determination on allowing them to make an installment agreement.
Others simply cannot pay their back taxes and will ask IRS to be put in a hardship or are currently not collectible status. Those individuals going in the status must understand that the tax debt will be reviewed again in two or three years and penalties and interest will still run on the debt the entire time it is an uncollectible status.
Others can file for an offer in compromise to settle their tax debt for pennies on a dollar. With that said you must be a truly qualified candidate for the offer in compromise program.
As a former IRS agent, I was a teaching instructor for the offer and you must make sure you are a qualified candidate and not give your money to any firm unless you know you have a fair amount a chance to get your offer accepted
If you have any questions regarding owing back tax debt and the best way to resolve it based on your current financial statement please call us today for a free initial tax consultation and we will review with you the various programs IRS has in detail so you fully understand what the best option for you based on your current financial conditions.
If you are hiring a tax firm or a tax defense resolution company to represent you make sure they have former IRS agents on staff.
Check the Better Business Bureau records find out the length of time they been in business and check out the complaint history. And lastly speak to the person who may be working your case.
Once again we are Christian tax firm to help resolve any IRS or state tax issue you have.
Owe Back Tax Debt To IRS/State + Options For Fast Relief + Christian Tax Services, Accounting, CPA’s, Debt Relief Company
by Fresh Start Tax | Sep 19, 2018 | Tax Help
If you are going through an IRS small business tax audit call former IRS agents who know the system since 1982.
Speak to former IRS Audit Agents, 954-492-0088, get the best results.
We are a local South Florida tax firm that specializes in IRS tax defense, tax collection defense, appellate defense and anything related to IRS, federal or state tax representation.
We have been in practice since 1982 and are staffed with a tax attorney, CPAs and a host of former IRS agent employees.
If you are going through an IRS small business tax audit it only makes sense to call former IRS agents, managers and supervisors who know the system that can navigate you and get you the best possible result.
Your tax return gets audited for a variety of reasons in our firm can offer you the best possible tax defense because of our internal knowledge of the system and the years of experience that we have in working these cases.
We can also function if this case needs to go to the IRS appeals offices and/or if you will all money as a result of the tax on we can defend you during the IRS collection process.
We are a full-service firm and you will have on your representation team a former IRS agent and supervisor in the audit division of the Internal Revenue Service.
Why am I being selected for an audit?
Selection for an audit does not always suggest there’s a problem.
The IRS uses several different methods:
• Random selection and computer screening – sometimes returns are selected based solely on a statistical formula.
We compare your tax return against “norms” for similar returns. We develop these “norms” from audits of a statistically valid random sample of returns, as part of the National Research Program the IRS conducts.
The IRS uses this program to update return selection information.
• Related examinations – we may select your returns when they involve issues or transactions with other taxpayers, such as business partners or investors, whose returns were selected for audit.
Next, an experienced auditor reviews the return. They may accept it; or if the auditor notes something questionable, they will identify the items noted and forward the return for assignment to an examining group.
Note: filing an amended return does not affect the selection process of the original return.
However, amended returns also go through a screening process and the amended return may be selected for audit. Additionally, a refund is not necessarily a trigger for an audit.
How am I notified?
Should your account be selected for audit, we will notify you by mail. We won’t initiate an audit by telephone.
How will the IRS conduct my audit?
The IRS manages audits either by mail or through an in-person interview to review your records. The interview may be at an IRS office (office audit) or at the taxpayer’s home, place of business, or accountant’s office (field audit).
Remember, you will be contacted initially by mail. The IRS will provide all contact information and instructions in the letter you will receive.
If we conduct your audit by mail, our letter will request additional information about certain items shown on the tax return such as income, expenses, and itemized deductions. If you have too many books or records to mail, you can request a face-to-face audit.
The IRS will provide contact information and instructions in the letter you receive.
Depending on the issues in your audit, IRS examiners may use one of these Audit Techniques Guides to assist them. These guides will give you an idea of what to expect.
What do I need to provide?
The IRS will provide you with a written request for the specific documents we want to see. Here’s a listing of records the IRS may request.
The IRS accepts some electronic records that are produced by tax software.
The IRS may request those in lieu of or in addition to other types of records. Contact your auditor to determine what we can accept.
The law requires you to keep all records you used to prepare your tax return – for at least three years from the date the tax return was filed.
How do I know if the IRS received my response?
For any delivery service you may use, always request confirmation that the IRS has received it. For example, if you use the US Postal Service, you can request one of their additional services to ensure delivery confirmation.
What if I need more time to respond?
For audits conducted by mail – fax your written request to the number shown on the IRS letter you received. If you are unable to submit the request by fax, mail your request to the address shown on the IRS letter. We can ordinarily grant you a one-time automatic 30-day extension.
IRS will contact you if we are unable to grant your extension request.
However, if you received a “Notice of Deficiency” by certified mail, we cannot grant additional time for you to submit supporting documentation.
You may continue to work with us to resolve your tax matter, but we cannot extend the time you have to petition the U.S. Tax Court beyond the original 90 days.
For audits conducted by in-person interview – If your audit is being conducted in person, contact the auditor assigned to your audit to request an extension. If necessary, you may contact the auditor’s manager.
How far back can the IRS go to audit my return?
Generally, the IRS can include returns filed within the last three years in an audit. If we identify a substantial error, we may add additional years.
IRS usually don’t go back more than the last six years.
The IRS tries to audit tax returns as soon as possible after they are filed. Accordingly most audits will be of returns filed within the last two years.
If an audit is not resolved, we may request extending the statute of limitations for assessment tax.
The statute of limitations limits the time allowed to assess additional tax.
It is generally three years after a return is due or was filed, whichever is later. There is also a statute of limitations for making refunds. Extending the statute gives you more time to provide further documentation to support your position; request an appeal if you do not agree with the audit results; or to claim a tax refund or credit. It also gives the IRS time to complete the audit and provides time to process the audit results.
You don’t have to agree to extend the statute of limitations date. However if you don’t agree, the auditor will be forced to make a determination based upon the information provided.
You can find more information about extending a statute of limitations in Publication 1035, Extending the Tax Assessment Period, or from your auditor.
How long does an audit take?
The length varies depending on the type of audit; the complexity of the issues; the availability of information requested; the availability of both parties for scheduling meetings; and your agreement or disagreement with the findings. if you’re going through an IRS tax audit in a revenue agent is reviewing your records those audits can take months.
You really need to have a seasoned IRS tax defense veteran represent you any time you’re dealing with an IRS auditor or revenue agent unless you have absolute pristine records.
What are my rights?
Publication 1, Your Rights as a Taxpayer, explains your rights as a taxpayer as well as the examination, appeal, collection, and refund processes.
These rights include:
• A right to professional and courteous treatment by IRS employees.
• A right to privacy and confidentiality about tax matters.
• A right to know why the IRS is asking for information, how the IRS will use it and what will happen if the requested information is not provided.
• A right to representation, by oneself or an authorized representative.
• A right to appeal disagreements, both within the IRS and before the courts.
How does the IRS conclude an audit?
An audit can be concluded in three ways:
• No change: an audit in which you have substantiated all of the items being reviewed and results in no changes.
• Agreed: an audit where the IRS proposed changes and you understand and agree with the changes.
• Disagreed: an audit where the IRS has proposed changes and you understand but disagree with the changes.
What happens when you agree with the audit findings?
If you agree with the audit findings, you will be asked to sign the examination report or a similar form depending upon the type of audit conducted.
If you owe money, there are several payment options available.
When you call our office we will review the different options available to you in regard to your IRS collection matter. Many people cannot pay the tax adjustment and windup and are currently not collectible or a hardship position while other people’s end up with payment agreements and others file an offer in compromise to settle their tax debt.
Your current financial statement will determine how the Internal Revenue Service foreclosure case and we will review those options if you ever get to that point.
What happens when you disagree with the audit findings?
You can request a conference with an IRS manager. The IRS also offers mediation or you can file an appeal if there is enough time remaining on the statute of limitations.
we can take any case to the IRS the pellet division and in many cases the settlement options are much better than with the regular auditor because they don’t want the cases going to Tax Court.
Call us today for a free tax consultation and speak to a true IRS tax expert regarding any type of IRS audit.
We are experts and specialists in IRS small business audit, revenue agent audits, office audits and mail correspondence audits. We are a local tax firm and available for free consultations at any time. Feel free to visit our South Florida offices.
Expert Help for IRS Small Business Tax Audits + Former IRS Audit Agents
by Fresh Start Tax | Sep 17, 2018 | Tax Help
There are Different Ways to Solve Back IRS Tax Debt Problems when Owing Back Taxes to the IRS, there are OPTIONS through the Fresh Start Program.
We are a local tax firm that has then representing people in South Florida Since 1982, Former IRS Agents who Know the system. HEAR THE TRUTH. We worked out of the local Florida IRS offices.
954-492-0088, Free Consults /true tax Experts.
We will review with you the various examinations to help, get rid of, relieve or eliminate you of your current IRS Tax Debt obligations on IRS Back Taxes.
We can file all back taxes as well. All tax returns must be filed before IRS will close your case.
There is a very exacting process to eliminate your IRS problem and we know the system.
We will walk through all the programs to see what programs you qualify. We can go over all your options to qualify for relief.
We are an Affordable professional tax firm that can offer you a free initial tax consultation and walk you through the process if you have a back balance due the Internal Revenue Service.
If you have balance due on back taxes and are looking to set up a payment agreement, file firm offer in compromise to settle your back tax debt or you need to file back tax returns, call us today for a free initial tax consultation.
When you call our office you will speak to a true IRS tax expert who can talk to you about different ways to handle owing back taxes to the Internal Revenue Service. The new fresh start program offers options not previously available.
FST IRS Experience:
We have worked out of the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS Experts in the area of IRS tax settlement services
We have over 206 years of professional tax experience and over 95 years of working directly for the Internal Revenue Service we are true tax Experts that understand all the methodologies to resolve your IRS problem.
Different Ways the IRS dispose of Tax Debt Cases for Back Taxes?
The 5 ways or programs for IRS Tax Debt, 95% of all IRS collection cases close in one of these fashions.
1. By Payment in full,
2. By smoothly Payments,
3. By the Acceptance of an offer in compromise, (this is how your completely eliminate the tax debt)
4. By statue expiration. (this is how your completely eliminate the tax debt)
5. For those who cannot pay their debt IRS has a non-collectible or hardship program.
Upon your initial free tax consultation we will walk through the various programs and let you know the easiest way to resolve your back tax debt.
The most important aspect of working tax debt cases is completely dependent on the individual or business financial statements.It is the most important factor.
Your current documented financial statement determines all.
IRS uses a very simple formula to determine their settlement process. When you call our office we will explain the process and the system to you.
It is all about your assets and your income and your current necessary living expenses. There is a very specific formula.
IRS only allows certain expenses that are considered necessary living expenses. For more, you can look to the necessary standards used by the Internal Revenue Service.
There are charts available on what IRS allows. Anything not on those charts are disallowed and this is what trips out most taxpayers.
A simple review of your current financial statement and we can let you know the different programs you may be eligible for.
You will need to complete form 433F or form 433A for us to make a current determination. IRS will only use their financial statements. You must turn in a completely accurate financial statement.
It is critically important to know that you cannot pay less taxes unless you qualify for the offer in compromise program.
IRS has a very specific formula that they use to compute the offer in compromise.
That can be found on our website.
The only way you can pay less tax is through the offer in compromise program. There is also an IRS pre-qualifier form.
I have over 40 years in this industry and it is critical if you want to settle your tax debt for the lowest possible amount you should go to true tax professionals.
Important information from the IRS
If you need help with your tax preparation call us and we can have a staff of Experts accountants and tax preparers complete all returns with or without records.
Also, beware that many times the Internal Revenue Service want to make sure you are current in your withholding tax or your estimated tax payments are they will not close your work your case until you become fully compliant.
Beware of IRS tax settlement services companies. Many have checkered pasts. you really have to do your due diligence before selecting a company who will represent you if you owe money to the IRS for back taxes.
We have been in this industry for a long time there are many good companies in as many bad tax settlement service companies.
For you to evaluate in IRS tax settlement service company you must ask to speak directly to the person who will be working your case.
Generally, when you call a tax services company, you are speaking to what is called a closer. That person is a salesman and will actually bill you and charge you for the services then your case gets passed down the line.
When you call fresh start tax, you will speak directly to the person who works your case and that person can give you a true evaluation on how and if IRS will accept an IRS tax settlement .
All IRS tax settlement service firms and companies are different. Check out the BBB rating and make sure you have a true tax professional working your case.
I suggest you always hire someone who’s worked at the IRS because they are aware of the methodologies required to get your offer in compromise through the system.
Other ways to Solve Back IRS Taxes Debt or Back Tax Issues, You will qualify for different types of relief.
These are your Options
As a general rule, you may apply for hardships, payment agreements or settle for an offer in compromise to settle your debt for pennies on the dollar.
We will review with you your financial statement and let you know what the lowest possible settlement IRS will accept. 40% of all persons that owe back taxes are an issue into a hardship or are currently not collectible status and 6.5 million taxpayers enter into annual payment agreements.
With these programs you will not pay less tax. These programs are designed to keep IRS off your back.
The other way to pay less tax is for the ten-year statute of limitation to run out and your debt will be written off by the Internal Revenue Service.
If you want to file an offer in compromise I thought you’d like to know what the statistics are.
Last year over 78,000 offers in compromise/IRS tax debt settlement were filed by taxpayers and over 38% of those were accepted for an average of $6500 per case. Approximately 40,000 taxpayers last year paid less tax.
At the current time, there are 7500 cases in the offer queue. The average wait time is nine months. There are not enough IRS employees to work the current inventory.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement.
We will not file for an offer in compromise unless you are a true candidate for the program. You must qualify.
There is a pre-qualifier tool to find out if you are a settlement candidate for income or business tax debt.
Upon your initial tax consultation, we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service.
Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program. However, this program is not for everybody.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
There are many firms that take your money and then let you know after the fact you are not qualified. you need to know beforehand whether you have a fighting chance. Being a former IRS agent employee gives you a huge advantage of having the review your offer in compromise to settle your tax debt.
At our firm, we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlement s.
The Offer in Compromise + Through the New Fresh Start Tax Initiative
If you have any questions or issues about the offer in compromise program to settle or negotiate your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise.
It is possible for the IRS to spend over 20-40 hours working an offer in compromise.
IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses. You want to make sure you are accurate and truthful on your financial statement. The Internal Revenue Service spends a lot of time doing due diligence before they accept an offer in compromise.
The higher the dollar case the greater the due diligence. Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
Beginning immediately,
The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns. The internal revenue service will immediately reject your offer in compromise. Any fees included with the OIC will also be returned.
This new policy does not apply to current year tax returns if there is a valid extension on the file.
When IRS determines that they will settle with you, IRS will 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.
Right now that is approx. 9 months
Make sure you are eligible for the offer in compromise to settle your back IRS tax debt.
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.
Submit your offer in compromise to settle your IRS tax debt.
You’ll find step-by-step instructors 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 on an IRS offer settlement
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:(most common)
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 settle your tax debt on an IRS settlement offer to pay less tax
While your offer to pay less taxes 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.
Call us today for free initial tax consultation and speak to a true IRS tax expert who will walk you through the process of how to negotiate with IRS over back taxes and see if you qualify to pay less taxes for an IRS tax settlement.
When you call our office you will hear the truth. The local tax experts for those owing back IRS taxes.
With over 200 years of dealing in IRS tax rejections, we know every system that IRS can have and we can manage your case effectively.
Owe Money to the IRS for Back Taxes, Qualify for IRS Fresh Start, Former IRS Agents, we are a local tax firm.
