Settle with the IRS – Affordable Local IRS Settlement Experts – Miami, Ft.Lauderdale, Boca, West Palm Beach
Settle With the IRS, Affordable 954-492-0088
As former IRS agents and managers we know the systems, the IRS protocols, and the IRS settlement formulas to settle your case.
We taught the IRS tax debt settlement program in the local South Florida IRS offices to new IRS agents.
Fresh Start Tax LLC is a local professional tax firm that are IRS settlement experts.
We have an A+ rating by the Better Business Bureau and have been in private practice right here in South Florida since 1982.
We are comprised of tax attorneys, CPAs, and former IRS agents, managers and instructors.
We have over 60 years of direct IRS work experience in the local South Florida offices. On staff are former IRS agents who work the offer in compromise or IRS settlement program as revenue officers and also as teaching instructors while others on staff are former IRS appellate agents who also worked the IRS tax settlement program.
We are one of the most experienced and affordable South Florida professional tax firms that are true IRS settlement tax experts.
Some facts about Settling with the IRS
- the IRS receives 58,000 IRS settlement packages a year,
- IRS accepts approximately 30% of all settlement proposals,
- the average settlement is $.14 on a dollar.
Before any taxpayer wants to submit an offer in compromise or an IRS tax settlement package with the Internal Revenue Service they should walk to the pre-qualifier tool our website.
It will let the taxpayer, individual, or business automatically know whether they are pre-qualified to file an OIC and will be an acceptable and suitable candidate for the settlement program.
If you have any questions about the pre-qualifier tool or an IRS tax settlement contact us today for free initial consultation and hear the truth about settling with the IRS.
What is an Offer in Compromise
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
The Internal Revenue Service considers your unique set of facts and circumstances:
- Ability to pay;
- Income;
- Expenses; and
- Asset equity.
The 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. Explore all other payment options before submitting an offer in compromise.
The Offer in Compromise program is not for everyone. If you hire a tax professional to help you file an offer, be sure to check his or her qualifications.
Are you are eligible to Settle with the IRS
Before the 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.
You can use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal, you can find this under IRS forms on our website.
Submit your Settlement to the IRS
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;
- $150 application fee (non-refundable); and
- Initial payment (non-refundable) for each Form 656.
Select a payment option to Settle with the IRS
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: 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. See your application package for details.
Understand the Settle with the IRS process
While your offer 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.
Contact us today for a free initial consultation and find out if you can settle with the IRS. We are a local professional tax form A+ rated by the Better Business Bureau and been in private practice right here in South Florida since 1982.
As former IRS agents and managers we know the systems, the IRS protocols, and the IRS settlement formulas to settle your case.
Settle with the IRS – Affordable Local Tax Professionals – Miami, Ft.Lauderdale, Boca, West Palm Beach