by Fresh Start Tax | Jan 3, 2019 | Tax Help
If you owe back taxes to the Internal Revenue Service you have several options to resolve your back tax debt. Options to settle with IRS, monthly installment agreements, IRS hardships, offers in compromise,
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. call us today for a free initial tax consultation and hear the truth about owing back taxes to the IRS or state.
by Fresh Start Tax | Oct 8, 2018 | Tax Help
Best Tax Relief Company, Fresh Start Tax LLC 1-866-700-1040
There are many excellent tax relief companies nationwide, Fresh Start Tax LLC is one of the premier and best tax relief companies in the United States.
Since 1982 we have been resolving IRS tax issues and we have an amazing history of successful client work and satisfied customers and that is due to the experience we have in dealing with IRS tax problems and tax issues and IRS tax relief.
On staff a CPA, Tax Attorney. She is available on request.
On staff are former IRS agents, managers and teaching instructors who were supervisors and managers while working at the Internal Revenue Service.
As a result of all of our work experience, we understand the methodologies and all the procedures to close IRS cases in the most prudent and affordable manner.
Upon your initial consultation in almost all cases we will let you know how your tax case will resolve itself and exactly how much it will cost you.
We have worked thousands of cases since 1982 and know the most efficient way to get you where you need to be.
You will never have to speak to Internal Revenue Service we will handle all communication with you to you and with the Internal Revenue Service
Offers in Compromise
We are AFFORDABLE IRS specialist experts for the Offer in Compromise for those wishing to settle their IRS tax debt. Former IRS Agents, since 1982. Former IRS OIC Specialist.
I am a former IRS agent and teaching instructor of the offer in compromise or tax debt settlement program along with other IRS programs and systems.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS experts who understand the IRS collection system.
All our work is done in-house and we are used by other firms to do their backend work.
You can call us today for free initial tax consultation and find out if you are a true offer in compromise tax debt settlement candidate.
Due to the IRS new fresh start initiative set out by the Internal Revenue Service many more taxpayers are eligible for the tax debt settlement.
Before a taxpayer or client thinks about the filing of an offer in compromise they should check out the IRS offer in compromise pre-qualifier tool first.
You can walk to the pre-qualifier tool on our site or call us today to learn more about it.
We will not file an offer in compromise or accept any fee for any client unless we know they are qualified for the program.
So if we send in your offer in compromise, you probably do have a pretty good chance of getting it accepted.
It is important to know you will that all back tax returns will have to be filed, up-to-date and current on the IRS computer system before the Internal Revenue Service will accept an offer in compromise.
IRS Tax Statistics for the OIC
Last year there were 78,000 offers in compromise were filed with the Internal Revenue Service, 38% of those were accepted for an average of $6500 per case.
Keep in mind this is a national average and varies from case to case is completely dependent on your current financial statement.
About 20% of all offers in compromise go to the Appellate Division for settlement.
You should know that not everyone is an offer in compromise candidate to settle their tax debt.
Make sure you are eligible for the OIC.
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.
Submitting your offer or OIC to the Internal Revenue Service.
You’ll find step-by-step instructions 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.
Selecting a payment option for the offer in compromise program
Your initial payment will vary based on your offer and the payment option you choose:
• IRS 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.
• IRS Periodic Payment:
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer.
If accepted, you must continue to pay monthly until it is paid in full.
While your offer in compromise 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.
Other :
IRS tax relief programs
Many taxpayers for a variety of reasons cannot qualify for an offer in compromise and IRS has four other buckets of ways they close cases once they were open in the IRS collection
They are as followed:
Hardship, payment agreement, statute of expiration, bankruptcy.
1. For those who are financially strapped and qualify, IRS has a currently non-collectible program in which taxpayers who qualify IRS will temporarily suspend their case between one and three years and then kick the case out later and re-review the financial statement.
Approximately 40% of all people who are in the current IRS collection Q wind up in a temporarily non-collectible file.
2. While other people based on their current financial statement can make a payment arrangement with the Internal Revenue Service. Approximately 6.5 billion people wind up in payment agreements because of their current financial statement. The Internal Revenue Service will use the national standard test to make sure the agreement is fair and reasonable.
3. Others qualify because the statute of limitation has expired on their tax assessments. As a general rule IRS has approximately 10 years to collect all cases. we can pull IRS tax transcripts to find out how close you are to having your statute of limitations expired.
4. While others can file Chapter 7 bankruptcy proceeding. We were review with you each of the criteria when you call us.
Tax Return Note:
As a side note, taxpayers should be aware that all tax returns must be filed before they can have an approved offer in compromise.
Before IRS will work an offer in compromise to settle your tax debt they will want all tax returns filed and they will want to make sure you are current on your ES payments or your withholding in the current year we are in.
If you submitted an offer in compromise and IRS finds your tax returns are not file they will return the offer to you.
We could prepare all back returns for you with little or no records. Please keep in mind that IRS can file your tax returns under 6020 B of the Internal Revenue Code.
The Internal Revenue Service keeps records for six years of all income source documents which means IRS has all your W-2s and 1099 s. I
RS will conduct a full compliance check anytime they work in open IRS collection case. As former IRS agents we know the system and understand all the protocols to get you the very best result possible.
Without question we are one of the best IRS debt tax relief services company in the United States. Since 1982 we have worked thousands of taxpayer clients and are above reproach.
When you are considering one of the best tax relief companies call fresh start tax, since 1982 we have been serving the Americas in resolving IRS tax debt. We can review all IRS tax programs and have tax attorneys, CPAs and former IRS agents on staff to serve your needs.
Our founder has been on FOX Business news as well as NBC . Mr. Sullivan is also contributed to Bloomberg news as well as the Wall Street Journal.
Best IRS Debt Tax Relief Services Company + Former IRS Agents + A Plus Rated
by Fresh Start Tax | Oct 1, 2018 | Tax Help
IRS Tax Relief Programs + 5 Different Options + Hear The TRUTH + Former IRS Who Know the System, Since 1982
Since 1982 we have been resolving IRS tax issues and we have an amazing history of successful client work and satisfied customers and that is due to the experience we have in dealing with IRS tax problems and tax issues and IRS tax relief.
On staff are former IRS agents, managers and teaching instructors who were supervisors and managers while working at the Internal Revenue Service.
As a result of all of our work experience, we understand the methodologies and all the procedures to close IRS cases in the most prudent and affordable manner.
Upon your initial consultation in almost all cases we will let you know how your tax case will resolve itself and exactly how much it will cost you.
We have worked thousands of cases since 1982 and know the most efficient way to get you where you need to be.
You will never have to speak to Internal Revenue Service we will handle all communication with you to you and with the Internal Revenue Service
IRS Tax Relief Programs
Many taxpayers for a variety of reasons cannot qualify for an offer in compromise and IRS has four other buckets of ways they close cases once they were open in the IRS collection
They are as followed:
Hardship, payment agreement, statute of expiration, bankruptcy, offer in compromise.
1. For those who are financially strapped and qualify, IRS has a currently non-collectible program in which taxpayers who qualify IRS will temporarily suspend their case between one and three years and then kick the case out later and re-review the financial statement.
Approximately 40% of all people who are in the current IRS collection Q wind up in a temporarily non-collectible file.
2. While other people based on their current financial statement can make a payment arrangement with the Internal Revenue Service. Approximately 6.5 billion people wind up in payment agreements because of their current financial statement. The Internal Revenue Service will use the national standard test to make sure the agreement is fair and reasonable.
3. Others qualify because the statute of limitation has expired on their tax assessments. As a general rule IRS has approximately 10 years to collect all cases. we can pull IRS tax transcripts to find out how close you are to having your statute of limitations expired.
4. While others can file Chapter 7 bankruptcy proceeding. We were review with you each of the criteria when you call us.
5. Offers in Compromise
We are AFFORDABLE IRS specialist experts for the Offer in Compromise for those wishing to settle their IRS tax debt. Former IRS Agents, since 1982. Former IRS OIC Specialist.
I am a former IRS agent and teaching instructor of the offer in compromise or tax debt settlement program along with other IRS programs and systems.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS experts who understand the IRS collection system.
All our work is done in-house and we are used by other firms to do their backend work.
You can call us today for free initial tax consultation and find out if you are a true offer in compromise tax debt settlement candidate.
Due to the IRS new fresh start initiative set out by the Internal Revenue Service many more taxpayers are eligible for the tax debt settlement.
Before a taxpayer or client thinks about the filing of an offer in compromise they should check out the IRS offer in compromise pre-qualifier tool first.
You can walk to the pre-qualifier tool on our site or call us today to learn more about it.
We will not file an offer in compromise or accept any fee for any client unless we know they are qualified for the program.
So if we send in your offer in compromise, you probably do have a pretty good chance of getting it accepted.
It is important to know you will that all back tax returns will have to be filed, up-to-date and current on the IRS computer system before the Internal Revenue Service will accept an offer in compromise.
IRS Tax Statistics for the OIC
Last year there were 78,000 offers in compromise were filed with the Internal Revenue Service, 38% of those were accepted for an average of $6500 per case.
Keep in mind this is a national average and varies from case to case is completely dependent on your current financial statement.
About 20% of all offers in compromise go to the Appellate Division for settlement.
You should know that not everyone is an offer in compromise candidate to settle their tax debt.
Make sure you are eligible for the OIC.
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.
Submitting your offer or OIC to the Internal Revenue Service.
You’ll find step-by-step instructions 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.
Selecting a payment option for the offer in compromise program
Your initial payment will vary based on your offer and the payment option you choose:
• IRS 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.
• IRS Periodic Payment:
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer.
If accepted, you must continue to pay monthly until it is paid in full.
While your offer in compromise 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.
As a side note, taxpayers should be aware that all tax returns must be filed before they can have an approved offer in compromise.
Before IRS will work an case to settle your tax debt they will want all tax returns filed and they will want to make sure you are current on your ES payments or your withholding in the current year we are in.
We could prepare all back returns for you with little or no records.
Our founder has been on FOX Business news as well as NBC.
IRS Tax Relief Programs + 5 Different Program Options + Hear The TRUTH = Former IRS
by Fresh Start Tax | Dec 7, 2014 | Tax Help
We have been in private practice since 1982 and are a full-service affordable firm A+ rated by the Better Business Bureau.
You can have true IRS tax experts for the same affordable price work your case and get you the best possible settlement with the Internal Revenue Service, guaranteed.
We are former IRS agents, managers and tax instructors with over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service. We understand the IRS system and how it works.
Let our experience be your best ally to go ahead to fully and permanently resolve your IRS back tax issues, matters are problems.
Caution:
When searching the Internet use caution before calling a so-called tax firm.
Many advertisement you see on the internet are nothing more than lead generations companies selling your information to third parties to the highest bidder.
Before calling any firm make sure they are a true professional tax firm.There bio’s will be on the site.
Check out the bios and the Better Business Bureau rating.
Here at fresh start tax llc, we are comprised the tax attorneys, certified public accountants and former IRS agents that have been practicing since 1982.
We are a full-service tax accounting firm handling everything from a simple notice or letter going to tax court if necessary.
We are true tax experts if you need to file and settle your back taxes.
Call us today for a free initial tax consultation and speak directly to a true tax professional on the best possible remedy and solution to go ahead to fully resolve your IRS tax problem.
We can set up simple IRS payment plans, find out whether you are a hardship candidate for the uncollectible program,or settle your tax debt through the offer in compromise, fresh start initiative.
When you call our office you will speak directly to a true tax professional.
File & Settle Back IRS Taxes = Make IRS Payments, Hardships, Offers in Compromise, Former IRS = Denver, Colorado Springs, Aurora, Fort Collins, Lakewood
by steve | Sep 18, 2009 | Tax Help, Uncategorized
There are 3 types of offers in compromise used by the IRS.
I am a former IRS agent in teaching instructor with the Internal Revenue Service. I both worked and taught the IRS offer in compromise program. Feel free to call us for free initial tax consultation.
They are as follows and are taken from the IRS site regarding Offers:
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.
Example: A taxpayer owes $20,000 for unpaid tax liabilities and agrees that the tax she owes is correct. The taxpayers monthly income does not meet her necessary living expenses. She does not own any real property and does not have the ability to fully pay the liability now or through monthly installment payments.
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 taxpayers evidence or (3) the taxpayer has new evidence.
Example: The taxpayer was vice president of a corporation from 2004-2005. In 2006, the corporation accrued unpaid payroll taxes and the taxpayer was assessed a trust fund recovery penalty as a responsible party of the corporation. The taxpayer was no longer a corporate officer and had resigned from the corporation on 12/31/2005. Since the taxpayer had resigned prior to the payroll taxes accruing and was not contacted prior to the assessment, there is legitimate doubt that the assessed tax liability is correct.
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.
Experienced experts can help you through this problem.
Care should be given before filing any offer.
It is always best to fill out the pre-qualifier tool to make sure you are a pre-qualified candidate to file for the offer in compromise, tax debt settlement.
