Tax Settlements with the IRS, Use Former IRS Settlement Officers
Tax Settlements with the IRS, Use Former IRS Settlement Officers 1-866-700-1040
We can settle for less if you qualify.do not be ripped off by other companies. As former IRS employees we know the law.
We are comprised of tax attorneys, tax lawyers and former IRS agents who worked and taught the IRS offer in compromise program which in fact is the tax debt settlement initiative.
As former IRS agents we taught tax law and instructed the new IRS agents how to work the tax settlement program.
We have worked hundreds upon hundreds of IRS tax settlements. as a result we know all of the IRS policies, procedures, and settlement initiatives.
We have over 60 years of working directly for the Internal Revenue Service in our firm has over 205 years of professional tax experience. We have worked on the local, district, and regional offices of the Internal Revenue Service
We are nationwide tax experts in IRS tax settlement.
Call us today for a free initial consultation and find out if you qualify for an offer in compromise.
Please understand that not every taxpayer qualifies for the tax settlement program that IRS offers. You should not pay a tax form any money whatsoever unless you know you are a qualified candidate for an IRS tax settlement. By calling us today we will go over your options and you can find out for yourself whether a tax settlement is in your future.
We have been practicing IRS tax representation since 1982 and we’re one of the most trusted firms for any IRS matter.
IRS Tax Settlements
Offer in Compromise, Tax Settlement allows you to settle your tax debt for less than the full amount you owe. It may be a excellent option if you can’t pay your full tax liability, or doing so creates a financial hardship.
The IRS must consider your unique set of facts and circumstances:
a. Ability to pay;
b. Income;
c.Expenses; and
d. Asset equity in all your assets including pension plans and IRAs.
Approvals of IRS Tax Settlement
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.
The IRS will ask that you all other payment options before submitting an offer in compromise.
The Offer in Compromise /Tax settlements program is not for everyone. There are strict standards and that is why you must qualify before submission.
Make sure you are eligible for a Tax Settlement
Before the 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 to confirm your eligibility and prepare a preliminary proposal.
Submit your offer
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).
You can also view the “Complete Form 656” video.
Your completed offer package will include:
a. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
b. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
c. $150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
Payment options for Tax Settlements
Your initial payment will vary based on your offer and the payment option you choose:
The 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.
Low Income Certification
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 of Tax Settlements
While your offer is being evaluated:
a. 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);
b. A Notice of Federal Tax Lien may be filed;this varies from case to case,
c. Other collection activities are suspended; this could be liens and levies
d. The legal assessment and collection period is extended;
e. Make all required payments associated with your offer;
f. You are not required to make payments on an existing installment agreement; and
g. Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today and we will review your current tax situation.
We will give you an honest appraisal whether you can qualify for an IRS tax debt settlement. When choosing any tax firm check on their Better Business Bureau rating and make sure they have former IRS agents or attorneys on staff.
Tax Settlements with the IRS, Use Former IRS Settlement Officers