by Fresh Start Tax | Nov 8, 2012 | California Tax, Tax Help, Tax Lawyer, Tax Settlements
IRS Tax Attorney Lawyers – Reduce IRS Tax Debt- Former IRS
We are a professional tax firm specializing in IRS and State Tax Problems. We are comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s , Enrolled Agents and Former IRS Agents, Managers and Tax Instructors.
We have over 60 years of direct IRS work experience in the local, district and regional offices of the IRS and over 206 years of professional tax experience. We have a National Tax Practice with a local presence.
We have worked thousands of IRS cases to reduce IRS tax debt.
We taught Tax Law at the IRS.
Fresh Start Tax
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
Last year approximately 59,000 taxpayers applied for tax relief to reduce IRS debt through the Offer in Compromise Program and somewhere around 20,000 offers were accepted.
The New Fresh Start Program that was instituted by the IRS will allow thousands of struggling taxpayers to finally resolve and reduce their tax debts.
Being a Former IRS Agent I caution taxpayers to make sure they use a reputable tax firm to file and represent your interest for the filing of the offer.
The forms must be filled out accurately and precisely because the IRS looks for any reason to reject these cases because they are long and complicated for them and each one of their supervisors must thoroughly review their work and work produce before the case goes up the line for a possible acceptance.
Offer take about 5 months to get accepted.
I would also caution taxpayers do not file the offer unless you get pre-qualified before you file. Do not waste your money.
We at Fresh Start Tax review all offer for no cost. 1-866-700-1040.
What is a Offer in Compromise to Reduce your Tax Bill
An OIC is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
An OIC is generally not accepted if the IRS believes the liability can be paid in full as a lump sum or a through a payment agreement.
The IRS looks at the taxpayer’s income and assets to make a determination of the taxpayer’s reasonable collection potential.
OICs are subject to acceptance on legal requirements. They also become a matter of public record.
In the past the IRS strictly applied its rules with respect to taxpayers’ budgets and valuation of assets. As a result, most taxpayers who sought a compromise received a rejection. Below are the statistics for offer acceptances during the past several years:
| Offers |
2007
|
2008
|
2009
|
2010
|
2011
|
| Received by IRS |
46,000
|
44,000
|
52,000
|
57,000
|
59,000
|
| Accepted by IRS |
12, 000
|
11,000
|
11,000
|
14,000
|
20,000
|
Make sure you are eligible
Before the IRS can consider your offer in compromise, you must be current with all filing and payment requirements.
You will not be eligible if you are in an open bankruptcy proceeding.
Submitting your offer in compromise.
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). Find this on our website.
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 IRS payment option
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.
Call us today for a free tax consult 1-866-700-1040.
by Fresh Start Tax | Oct 20, 2012 | Back Taxes, California Tax, IRS Tax Debt, Tax Returns
If you need IRS Tax Relief from Back Taxes and if you have unfiled, past due or late tax returns we can rectify your problem immediately. 1-866-700-1040.
Why Fresh Start Tax LLC
We are a local tax firm comprised of Former IRS Agents, Managers and Instructors. We are also staffed with Board Certified Tax Attorneys, CPA’s and Enrolled Agents. We are a full service tax firm.
Fresh Start Tax LLC
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
We have resolved thousands of tax cases since 1982. Stop the sorry today.
IRS Tax Relief
IRS Tax Relief from back taxes occurs in a variety of ways. IRS wants to make sure all tax returns are filed, current and up to date including sufficient withholding being taken out to cover the taxes for the current year.
IRS will then ask for a financial statement that is completely documented and make a determination based on the taxpayers ability to pay the debt back to the IRS. The IRS has a National Standards tests that it uses to determine allowable living expenses. True tax professionals can use this standard to your advantage to get you the tax relief you need.
IRS wants all tax returns filed and taxpayers up to date. If you have unfiled, late or past due tax returns call us today and we can prepare your Federal and State tax returns.
If you have little or you lost your tax records we can help reconstruct those tax returns with little inconvenience to you. We have prepared thousands of back returns since 1982.
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 FM Net Monthly Radio Show-Business Weekly
by Fresh Start Tax | Oct 18, 2012 | IRS Tax Problem, Representation, Tax Help, Tax Levy and Wage Garnishments
IRS Levy & Wage Garnishment Help 1-866-700-1040
Stop the Worry, get your levy released as fast as possible.
No one can get levy’s released faster. Being former IRS Agents we know the exact process to get your levy or garnishment released and settle your case. We are affordable and friendly.
We are comprised of Former IRS Agents, Managers and Instructors who know the system. We have over 60 years of direct IRS work expereince and over 205 years of professional tax experience.
We have a A plus rating with the BBB and have released thousands of levies since 1982.
Hire trust and integrity.
A IRS tax levy is a legal seizure or garnishment of your property to satisfy a IRS tax debt. Levies are different from liens.
A federal tax lien is a claim used as security for the tax debt, while a tax levy actually takes or seizes the property to satisfy the IRS tax debt.
If you do not pay your taxes or make arrangements to settle your debt the IRS may seize or garnish and sell any type of real or personal property that you own or have an interest in.
IRS has the ability to :
The IRS could seize and sell property that you hold such as your car, boat, or house, or
IRS could levy property that is yours but is held by someone else such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions.
IRS can seize or take almost everything.
Levy Requirements
IRS can levy only after these three requirements are met:
1. IRS must assess the tax and sent you a Notice and Demand for Payment,
2. You neglected or refused to pay the tax and,
3. IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing levy notice at least 30 days before the levy.
How the levy must be served.
IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
Please Note:
If IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
Hire trust and integrity.
Fresh Start Tax – Joe Dimino
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
