by steve | Sep 8, 2011 | Tax Settlements
I am a Former IRS Agent who worked and taught the Offer in Compromise Program in the Regional Training Center. The Offer in Compromise is a much talked about and advertised as “pennies on a dollar”.
FACTS: Approximately 52,000 are filed each year and that number will be rising at a record pace. 12,000 Offers are accepted each year. The program has an acceptance rate of about 22%.
Offers in Compromise are worked by specialist who only work Offers. Field offices have specialized Revenue Officers that their entire inventory are only these Debt Settlement cases. New York and Tennessee also has Offer groups that are worked out of the Service Center. All are trained to scrutinized the Offers. I bite my tongue in saying this however it is my firm belief that the Agents working these cases look first to reject rather than to accept, why, simple because it is far less work. It is much easier to send a rejection letter than fully document the case for acceptance. Therefore the Agents look for anything they can to reject the Offers. Rejections close out of their inventory quickly making the Agent look very efficient in managing their case load.
The Keys to having your Offer accepted.
1.Fully document the case. Get every piece of paper you can and verify every number put on the 433A, the IRS financial statement.
2. Keep up with the Offer. As soon as the case is assigned call the Agent every two weeks to ask for an update. This lets the Agent know you really want this pushed through and that you can send more documents in if necessary. Most Agents will not even contact the Taxpayer or the representative, they will usually just send out a rejection letter. It is the easy way out.
3. Make sure the case makes sense. If you believe the Agent will have questions, send in a additional statement the clarify questions you think will arise.
4. Know that IRS will look at the history of the taxpayer and income levels for the last 5 years. If there have been swings, document the reason for the income swings.
5. Believe of not, many offers are rejected because payments were not turned in with the Offer and Offers were unsigned. Get a 3rd party to look at the Offer for full review.
I have been in this business a number of years and truly believe you would be a fool not to have professional representation. Find a professional tax firm specializing in Offers in Compromise, that is your very best chance of acceptance. Make sure such a company have filed at least 100 plus offers.
Former IRS Agents who have worked the Program are best suited for this job, after all, they know the tax policies.
by steve | Aug 16, 2011 | IRS Tax Advice, Tax News
Have Former IRS Settlement Agents with a combined 60 year work experience at IRS solve your IRS problem and settle your case matter. 1-866-700-1040
Fresh Start Tax L.L.C. IRS Tax Experts Since 1982 Professional Tax Firm “A” Plus Rated by the Better Business Bureau
Call for a no cost evaluation on your case! Have a Former IRS Agent who accepted Offers in Compromise review your case.
On staff, Former IRS Agents that taught the IRS the Offer in Compromise Program at the Regional Training Center in Atlanta Georgia. We are the true IRS Tax Experts.
We know all the IRS tax policies, settlement procedures and settlement formulas.
On staff Board Certified Tax Attorneys, CPA’s and Former IRS Agents, Managers and Instructors who have over 205 years
Fresh Start Tax is one of the premier tax resolution firms in the country. We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations. We have staff that specialize in every facet of IRS representation.
We know all the IRS tax strategies because of our extensive IRS working backgrounds. Some of our many specialties include the following:
Areas of Tax Practice:
- Immediate IRS Tax Representation
- Offers in Compromise/ IRS Tax Debt Settlement
- Immediate Release of Bank Garnishments or Wage Levies
- IRS Bill/Notice of “Intent to Levy” or Final Notices
- IRS Tax Audits Small and Large Dollar
- Hardships Cases / Unable to Pay
- Payment Plans, Installment Agreements
- Innocent Spouse Relief
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll/ Trust Fund Penalty Cases
Our Company Resume: ( Since 1982 )
- Our staff has over 205 years of professional IRS tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Certified by the Internal Revenue Service
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
- As heard on 90.3 FM Monthly Radio Show-Business Weekly
The Offer in Compromise – How we settle and negotiate your case with the Internal Revenue Service:
1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to them.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant. We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.
3. The IRS requires a current financial statement. We will secure a required 433-A (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
Settlement agreements can be in different forms:
a. Hardship Settlements. Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. 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.
b. Payment 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 amount required.
c. 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 – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
See our home page for more details about Fresh Start Tax L.L.C. Thank You
by steve | Aug 1, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC Since 1982 IRS Tax Experts A Professional Tax Firm “A” Rated by the Better Business Bureau
Hire Former IRS Tax Instructors in Offers in Compromise!
We are true IRS tax experts in Offer in Compromise. We taught the Offer in Compromise Program at the IRS. Our firm is comprised of Board Certified Tax Attorneys, CPA’s and Former IRS Agents, Supervisors and Instructors.
We know everything there is to know about the Offer Program. We taught other IRS Agents how the system works.
We have over 205 years of professional tax experience and over 60 years working directly for the Internal Revenue Service in the local, district and regional IRS offices.
Our Company Resume: ( Since 1982 )
- Our staff has over 205 years of professional IRS tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Certified by the Internal Revenue Service
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
- As heard on 90.3 FM Monthly Radio Show-Business Weekly
The Offer in Compromise: How we settle and negotiate your case with the Internal Revenue Service:
1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to them.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant. We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.
3. The IRS requires a current financial statement. We will secure a required 433-A (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
Settlement agreements can be in different forms:
a. Hardship Settlements. Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. 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.
b. Payment 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 amount required.
c. 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 – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Why Hire Fresh Start Tax, LLC? We tell you the truth!
1. Fresh Start Tax is a National Tax Firm whose principles have been practicing Tax Law since 1982.
2. On staff are Board Certified Tax Attorneys, CPAs and Former IRS Agents, Managers and Instructors.
3. Former IRS Agents/Managers will review, manage, represent and close your IRS Tax Case for the best settlement possible.
4. We are one of the most experienced and trusted Professional Tax Firms with over 163 years of tax experience.
5. We have an “A” Rating from the Better Business Bureau.
by steve | Jun 6, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC A Professional Tax Firm Since 1982 “A” Rated by the Better Business Bureau IRS Tax Experts
We taught the Offer in Compromise Program at the Internal Revenue Service in Florida. We taught other IRS Agents at the local, district and regional level. We know all the IRS Settlement procedures. We have over 60 years with the IRS.
On staff, Board Certified Tax Attorneys, Lawyers, CPA’s, and former IRS Agents, Managers and Instructors
We are one of Florida’s oldest, most trusted and experienced professional tax firms.
How we work your case to immediately resolve your IRS problem and get you immediate and permanent tax relief:
1. We immediately send a power of attorney ( POA ) to the IRS letting them know we are now your tax representative. You will never speak to the IRS. We handle everything.
2. We will make sure your tax returns are filed and current. If your tax returns are not up to date, IRS will refuse to work your case. This is leverage that the IRS uses to get you compliant. Lost tax records, no problem. We can pull tax transcripts, file and prepare your tax returns within days.
3. IRS requires a current financial statement. We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement. IRS will require a closing settlement method for each case.
IRS Settlement Agreements/ Tax Debt Programs can be in different forms:
a. Hardship Settlements. Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. 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.
b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs IRS uses to find you the lowest possible amount required.
c. Offer in Compromise /IRS Settlements / Tax Debt Settlement Programs. 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 – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Call us for a free tax consultation. Free video conferencing is also available.
by steve | May 10, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC <>< A Professional Christian Tax Firm “A” Rated by the Better Business Bureau Practicing IRS Offer in Compromise and IRS Tax Settlements since 1982. IRS accepts 25% of all offers in compromise.
We are a Christian Tax Firm and true IRS Tax Experts. We taught the Offer in compromise Program at the IRS.
We have over 163 years of professional tax experience and over 60 years of working for the IRS in the local, district and regional IRS offices.
We also taught the IRS Office in compromise Program at the IRS for over 10 years. We know all the IRS tax strategies to get Offers in Compromise accepted.
How we work your case to immediately resolve your IRS problem and get you immediate and permanent tax relief:
1. We immediately send a power of attorney ( POA ) to the IRS letting them know we are now your tax representative. You will never speak to the IRS. We handle everything.
2. We will make sure your tax returns are filed and current. If your tax returns are not up to date, IRS will refuse to work your case. This is leverage that the IRS uses to get you compliant. Lost tax records, no problem. We can pull tax transcripts, file and prepare your tax returns within days.
3. IRS requires a current financial statement. We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement. IRS will require a closing settlement method for each case.
IRS Settlement Agreements/ Tax Debt Programs can be in different forms:
a. Hardship Settlements. Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. 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.
b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs IRS uses to find you the lowest possible amount required.
c. Offer in Compromise /IRS Settlements / Tax Debt Settlement Programs. 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 – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Call us for a free tax consultation. Free video conferencing is also available.
