by Fresh Start Tax | May 31, 2012 | Back Taxes, IRS Payment Plans, IRS Tax Problem, Offer in Compromise, Tax Lawyer, Tax Settlements
Cannot pay the IRS Back Taxes ? You have options to settle your tax problem
1-866-700-1040 Free tax consultations, A plus rated by the BBB
If you cannot pay your back Internal Revenue Service tax bill you have different options on how to settle and close your case.
Fresh Start Tax LLC 1-866-700-1040 – Board Certified Tax Attorneys, CPA’s and Former IRS Agents, Managers and Instructors. Let us resolve your tax problem right now.
Let former IRS Agents and IRS Insiders get you the tax results you need. Let us use our 60 years of direct IRS tax experience work in your favor.
Taxpayers who owe the IRS back taxes have different options to close and settle back tax problems.
What to Expect!
Everything depends on a current financial statement and your current financial documented state.
The first thing that the IRS will require is a financial statement and that will be in the form of a 433A or a 433F, collections financial statement.This is the main key element where cases start and close. The preparation of this form is central to all negotiations.
There is much more than meets the eye when giving a financial statement to the IRS. IRS carefully makes sure the financial statements make sense. What does that look like?
IRS will make sure the bank statements, cost of living, the 433F or 433A and last 1040 filed all tie together? If it does not, expect the IRS to dig deep.
IRS will review bank statements to make sure they tie in all reported income. If you have more bank deposits than reported income, expect IRS to dig deeper.
IRS will always ask for documentation that verifies the financial statement. They will ask for the last pay stub, the last 3 months bank statements, copies of all monthly bills and any and all expenses claimed as necessary.
IRS may check the Google search engine to learn more about you and your business and interests. This is usually done on every case that reaches a field office.
IRS will fully review with completed documentation the option that best fits there profile and standards on how they will proceed to close your tax case.
Different tax options if you cannot pay your back taxes:
The IRS has usually 3 different remedies or solutions to settle taxes. Depending on your current financial statement IRS will place your case in hardship, have you make a payment to IRS or have your send in a Offer in Compromise to settle your complete tax bill.
You must be current on all your tax filing before IRS will expect and Offer package.
a. Hardship Cases are often call current not collectable.
1. Cases usually go into a 3 year suspended status because of an inability to pay.
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, Installment Arrangements, Payment Plans or Streamline payments
1. 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 Tax Debt Settlement Program: There are three types of Offers in Compromise
The IRS may accept an Offer in Compromise or a tax debt settlement 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 ( Rare acceptance ) – 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.
Get the tax relief you need on your back taxes.
Call Tax Attorney’s, CPA’s and Former IRS Agents.
We can also prepare all unfiled tax returns.
Cannot pay the IRS Back Taxes ? You have options to settle your tax problem
by Fresh Start Tax | May 4, 2012 | Back Taxes, IRS Notice or Letter, IRS Tax Debt, IRS Tax Problem, Representation, Tax Help, Tax Settlements
IRS Letter/Notice 1058 – Former IRS Agents – Insider Tips – Tax Relief on Back Taxes
Have Former IRS agents stop IRS today. Over 60 years with the IRS in the local, district and regional offices of the IRS.
Free tax consults 1-866-700-1040.
Have Former IRS Agents and Managers stop the IRS with the filing of a Collection Due Process, Right to Hearing and get you the time and settlement you need to go on with your life.
Stop the back tax problem with one phone call from a team member of Fresh Start Tax LLC. call 1-866-700-1040.
You can speak directly to the tax professionals handling your case.
We have worked and closed thousands of cases, IRS Letter/Notice 1058 since 1982. We are “A” rated by the BBB.
Call us for a free tax consult with a true tax professional. You will either speak to a Board Certified Tax Attorney, CPA or Former IRS Agents.
If you have just received a IRS Letter 1058 or LT- 11 this is a Final Notice from the Internal Revenue Service usually sent by certified mail. This Final Notice lets you know that you have not addressed your back taxes.
If you do not respond to this Letter/Notice 1058 the Internal Revenue Service has definitive plans to send out a bank levy, a wage levy sometimes called a wage garnishment and will probably file a Federal Tax Lien within 30 days from the date shown on the letter. You can stop this action by calling the IRS with a plan of action.
IRS will always send out a CP 504 letter/notice before the filing of the last and Final Notice, Form 1058 Collection due Process, Right to a Hearing Notice.
What to do when you receive this letter.
The first thing you always do is to take note of the final date allowed to contact the IRS.
You can either pay the balance you owe on your back taxes, or contact the IRS using the phone number on the notice to setup an IRS Installment Agreement, Payment Plan or have ask to have your case put into a tax hardship.
You will be required to fill out a form 433F which is a detailed IRS financial statement before IRS decides on how your tax case on your back taxes will be closed.
If you disagree with the Notice/Letter 1058 and you believe the notice is incorrect, you have the right to an appeal hearing. If you have sent prior letters those do not constitute a formal appeal.You must do so within your notice of appeal dates only.
Insider Tax Tips:
1. Always have a third party review your financial statement to make sure it makes sense before giving it to the Internal Revenue Service,
2. Make sure all your tax returns are filed before calling the IRS,
3. Make sure you have enough withholding being taken out or your ES payments are up to date.
4. If you are going to hire any firm make sure you use Former IRS Agents who know how the system works,
5. Be sure not to be ripped off. Check the BBB rating of any and all companies you may want to consider.
by steve | Nov 1, 2011 | Back Taxes
Fresh Start Tax LLC “A” Rated by the BBB Since 1982 Affordable IRS Tax Experts Former IRS Agents & Managers
With over 205 years of professional tax experience and over 60 years of working directly for the IRS in the local, district and regional offices of the IRS we can permanently get the IRS off your back. We know the system inside and out.
We are one of the oldest, most trusted and experienced professional tax firms.
If you have not filed back tax returns we can easily get you back in the system. We can prepare your back tax returns with little or no tax records. We have prepared thousands of back tax returns and have work out excellent tax settlement for all our clients. We can bring peace back to your life.
Call us 1-866-700-1040 and never worry about this again!
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or 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 if Tax Records are lost or destroyed
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- 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”
- 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 90.3 FM Monthly Radio Show-Business Weekly
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 tax representative. You will never have to speak to the IRS.
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.
IRS Tax 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. IRS 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 | Oct 26, 2011 | Christian IRS Tax Relief
Fresh Start Tax LLC Since 1982 Affordable Christian Professional Tax Firm “A” Rated by the BBB
We can prepare all your past due returns and settle with the Internal Revenue Service. We taught Tax Law at the IRS.
Being Former IRS Agents, Managers and Instructors we can reconstruct any tax return with little or no records. If there is a balance due, we can also settle your tax case as well.
With over 60 years of direct IRS experience in the local, district and regional office of the IRS we know all the policies and tax settlement formulas.
Call us <>< 1-866-700-1040 and get solid Christian Tax Advice, we are fast and affordable.
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.
Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- 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”
- 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 90.3 FM Monthly Radio Show-Business Weekly
See our Home Page for more details Thank you
by steve | Oct 25, 2011 | Tax Help, Uncategorized
Fresh Start Tax LLC Since 1982 Affordable IRS Tax Experts “A” Rated by the BBB
We can file all of your past due tax returns and settle your case. Former IRS Agents and Managers know all the settlement techniques.
We can prepare all your past due tax returns with little or no tax records. Being former IRS Agent Managers we know the exact process to make this happen worry free.
We have over 205 years of professional tax experience and over 60 years working directly with the IRS in the local, district and regional offices of the IRS.
We will file your back returns and get you a great tax settlement.
Call us today 1-866-700-1040. We are fast and affordable. 60 years of direct IRS tax experience.
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- 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”
- 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 90.3 FM Monthly Radio Show-Business Weekly
Filing Back Tax Returns – The process of filing back or unfiled tax returns: (Lost or few tax records )
If you have unfiled tax returns, this process Fresh Start Tax LLC uses to get current with the IRS and get you immediate and permanent tax relief
1. We verbally review a year by year history of your income and expenses.
2. We review any records you may have.
3 We pull all IRS information that they have received from 3rd party sources that have been placed on the IRS computer system over the past 7 years.
4. If you have lost all your records we have easy and simple forms that can help you reconstruct your tax return.
5. We can prepare through years of experience a “reconstructed” tax return that the IRS will accept and process.
6. We review all returns for accuracy with the client and send them into the IRS.
7. We work out a settlement agreement with the IRS to permanent close your tax case.
