by Fresh Start Tax | May 19, 2014 | Tax Help
We are an Affordable nationwide Christian Tax Firm <>< specializing in ALL IRS Problems.
We are an affordable team of Christian IRS tax experts who specialize in resolving any IRS problems you have.
We have a combined 60 years with the IRS in the local, district, and regional tax offices of the Internal Revenue Service.
We are A+ rated by the Better Business Bureau and have been in practice since 1982.
We are comprised of Christian tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and tax instructors who have a combined 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
All our work is done in-house and we can handle anything from a first IRS notice including tax court.
We are your affordable tax option for resolving any problems such as owing IRS back taxes, filing back tax returns, or filing multiple years of late tax returns.
You can call us today for a free initial tax consultation and hear the truth about your case and hear the different options you have to completely resolve your IRS tax issues.
We can not only file all your old back returns we can also work on a tax settlement at the same time.
Within 24 hours of receiving your fully documented financial statement we can get tax relief for any IRS levy.
How do you discern godly counsel?
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
Proverbs 18:2 Fools have no interest in understanding; they only want to offer their own opinions.
Proverbs 27:9 The heartfelt counsel of a friend is as sweet as perfume and incense.
What is a IRS Tax Debt Settlement
An offer in compromise allows you to settle your tax debt for less than the full amount you owe.
It may be a great option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS considers your unique set of facts and circumstances. Every taxpayer set of circumstances is different. If you heard someone settled their tax debt for pennies on the dollar it very well could be true if they are qualified and suitable candidate.
IRS looks at four main factors to settle tax debt cases, they are as follows:
1. Ability to pay;
2. Income;
3. Expenses; and
4. Asset equity.
IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
The Offer in Compromise program is not for everyone.
Absolutely make sure you are eligible for the Offer in Compromise
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.
Use the offer in compromise pre-qualifier tool that you can find on our website to see if you are a suitable candidate.
Submitting your offer to settle your tax debt
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.
Most Importantly Select a payment option
Your initial payment will vary based on your offer and the payment option you choose:
1. The Lump Sum Cash Payment:
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.
2. The Periodic Payment:
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the offer is being considered.
Call us today to learn more if you owe or need to file back taxes.
IRS Taxes, Levy, Settle Debt, Relief, Audit, Back Tax Return, Christian Tax Services ,
by Fresh Start Tax | May 14, 2014 | Tax Help
Former IRS Agents and Managers who know the system! Over 60 years of combined IRS experience.
We are the Affordable IRS Back Tax Debt Experts with over 206 years of professional tax experience.
We are A plus rated by the BBB. We can let you know today if you qualify to Settle Your Tax Debt with one free tax consult.
How does IRS Resolve Back Tax Debt
Being former IRS agents and managers there is a system of how IRS deals with back tax debt.
To get IRS tax relief you will need to get a IRS a current financial statement on form 433F The financial statement will have to be fully documented and sent or faxed to the Internal Revenue Service.
You want to make sure that the financial statement is accurate and you can verify every source of income and expense.
IRS will request a copy of the last three months bank statements, pay stubs, and a copy of all monthly bills.
When IRS reviews your current financial statement they will make a determination based on your current financial condition.
As a result of their review IRS has three closing processes that they generally use on all cases.
The Internal Revenue Service will either place your case into:
1. a non-collectible or hardship status for a couple years,
2. IRS will determine you need to make a monthly installment payment to them and/or,
3. IRS may determine and let you know you are definitely a tax settlement candidate for an offer in compromise.
You can find out more about Settle Tax through our IRS offer in compromise pre-qualifier tool on our website.
You can call us today for free initial tax consultation and have seasoned experienced former IRS agents resolve any IRS problem you have and get you the IRS tax relief.
We are over 206 years of professional tax experience and are A+ rated by the Better Business Bureau.
As a general rule we can pretty much predict the results before we even call IRS.
Call us and let us review the different tax options you have available.
We have successfully worked thousands of cases.
IRS Back Taxes Debt – Affordable IRS Tax Relief Help, Settle Tax – Jackson, Franklin, Johnson City
by Fresh Start Tax | May 14, 2014 | Tax Help
Affordable Tax Professionals
If you are having any IRS tax issues or tax problems contact us today and we can immediately and permanently resolve IRS back tax issues.
We have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We’re comprised of tax attorneys, tax lawyers, CPAs and former IRS agents who are A+ rated by the Better Business Bureau.
Owing Back IRS Taxes
Being a former IRS agent: If you will owe back taxes to the Internal Revenue Service they will require a current fully documented financial statement usually on form 433-F.
IRS will review your fully documented and accurate financial statement and apply the national standards and the national norms test.
That analysis will determine how the IRS will deal with your current financial situation
You can find these norms and standards on our website under IRS forms.
IRS will determine that under your current financial statement that you are either:
- in uncollectible hardship status,
- you can make a monthly installment payment, or
- you are qualified to file for offer in compromise.
Call us a day for free initial tax consultation and we can walk you through the process of how the close your case off the IRS enforcement computer live worry free.
Filing Back Tax Returns
Many taxpayers who have not filed one year have multiple years to file.
If this has happened to you, do not be afraid or worried about the Internal Revenue Service.
The bottom line, IRS just wants there tax returns and you back into the tax system.
We can go ahead and file all your back tax returns and work out a tax settlement with the IRS all at the same time.
Do not let worry and fear stop you from filing your back tax returns. This is our specialty.
As former IRS agents, managers and tax instructors we know the exact process to get you immediate and permanent tax relief.
Call us today for a free initial tax consultation.
Owe IRS Back Taxes, Filing Back Tax Returns, Affordable IRS Help – Chattanooga, Clarksville, Murfreesboro
by Fresh Start Tax | May 10, 2014 | Tax Help
We are a team of AFFORDABLE tax attorneys, tax lawyers, certified public accountants and former IRS agents, managers and tax instructors.
We know the system.
Our principles have been in practice since 1982 and are A+ rated by the Better Business Bureau.
Call us today for a free initial tax consultation.
We can handle anything from a simple IRS notice, bill or letter to going to tax court and everything in between.
Fresh Start Tax LLC has over 206 years of professional tax experience and our former IRS agents have over 60 years of working in the local, district, and regional tax offices of the Internal Revenue Service.
While at IRS we taught tax law the new IRS agents.
Our teams understand all the systems and protocols used by Internal Revenue Service.
We know every solution to get you an immediate and permanent resolution on any IRS issues or problems.
Areas of Professional Tax Representation
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Full Service Accounting Tax Firm,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A” Plus
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
Areas of Professional Tax Practice:
- Same Day IRS & State Tax Representation
- Offers in Compromise / IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction
- FBAR/FATCA
IRS Taxes, Tax Attorney , Tax Lawyer, Affordable IRS Tax Experts, Chattanooga, Murfreesboro, Jackson,
by Fresh Start Tax | May 9, 2014 | Tax Help
Being former IRS agents and managers there is only three general ways for tax debt to go away permanently.
As a former IRS agent I worked in settled cases for the IRS. I am a tax expert for tax debt relief.
A tax debt can go away through a bankruptcy if you are eligible, the statute of limitations expiring on your tax years and the most common is through the offer in compromise or tax debt settlement program.
The Internal Revenue Service accepts 38% of all offers in compromise filed for an average of $.14 on a dollar.
If you want to settle your tax debt it only makes sense to call former IRS agents and managers who understand the complete process.
Before you pay any money to us we will make sure that you are an eligible candidate to file for tax that relief through the offering compromise program.
The Offers In Compromise
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed.
If the tax liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for an OIC.
In order to be eligible for an OIC, the taxpayer must have filed all tax returns, made all required estimated tax payments for the current year and made all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees.
The IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (the RCP).
The RCP is how the IRS measures the taxpayer’s ability to pay. The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.
Basically IRS wants the sum total of the equity in your assets with a few exceptions.
The IRS may accept an OIC based on three grounds.
1. 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.
2. 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.
3. 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.
When submitting an OIC based on doubt as to collectibility or based on effective tax administration, taxpayers must use the most current version of:
- Form 656, Offer in Compromise, and also submit Form 433-A (OIC) (PDF), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or Form 433-B (OIC) (PDF), Collection Information Statement for Businesses.
- A taxpayer submitting an OIC based on doubt as to liability must file a Form 656-L (PDF), Offer in Compromise (Doubt as to Liability), instead of Form 656 and Form 433-A (OIC) and/or Form 433-B (OIC). Form 656 can be found in the Offer in Compromise Booklet, Form 656-B (PDF).
A taxpayer must submit a $186 application fee with the Form 656.
Alert – Do not combine this fee with any other tax payments.
There are however, two exceptions to this requirement.
1. No application fee is required if the OIC is based on doubt as to liability.
2. No fee is not required if the taxpayer is an individual (not a corporation, partnership, or other entity) who qualifies for the low-income exception.
This exception applies if the taxpayer’s total monthly income falls at or below 250 percent of the poverty guidelines published by the Department of Health and Human Services. Section 4 of Form 656 contains the Low Income Certification guidelines to assist taxpayers in determining whether they qualify for the low-income exception.
A taxpayer who claims the low-income exception must complete section 4 of Form 656.
How to Pay the Settlement
Taxpayers may choose to pay the offer amount in a lump sum or in installment payments. A “lump sum offer” is defined as an offer payable in 5 or fewer installments within 5 or fewer months after the offer is accepted.
If a taxpayer submits a lump sum offer, the taxpayer must include with the Form 656 a nonrefundable payment equal to 20 percent of the offer amount. This payment is required in addition to the $186 application fee.
The 20 percent payment is “nonrefundable” meaning it will not be returned to the taxpayer even if the offer is rejected or returned to the taxpayer without acceptance. Instead, the 20 percent payment will be applied to the taxpayer’s tax liability.
The taxpayer has a right to specify the particular tax liability to which the IRS will apply the 20 percent payment.
An offer is called a “periodic payment offer” under the tax law if it is payable in 6 or more monthly installments and within 24 months after the offer is accepted.
When submitting a periodic payment offer, the taxpayer must include the first proposed installment payment along with the Form 656.
This payment is required in addition to the $186 application fee. This amount is nonrefundable, just like the 20 percent payment required for a lump sum offer. Also, while the IRS is evaluating a periodic payment offer, the taxpayer must continue to make the installment payments provided for under the terms of the offer.
Call us today for free initial tax consultation speak directly to a true tax professional.