Affordable IRS Tax Settlement Attorneys, Former IRS – Ft.Lauderdale, Miami, Boca, West Palm Beach, South Florida
IRS Tax Settlement South Florida 954-492-0088
58,000 IRS Tax Settlements are filed each year and about 30% are accepted.
The average time to process, 6- 9 months.
We are a local professional tax firm who are true IRS experts when it comes to any IRS collection, audit, or appeals matters.
We are comprised of tax attorneys, certified public accountants, and former IRS agents, managers and tax instructors who worked out of the local South Florida IRS offices for a combined 60 years.
While working for the Internal Revenue Service in the local South Florida offices as well as the regional tax offices we taught tax law.
We are true IRS experts when it comes to IRS settlement matters.
We have a former IRS revenue officer on staff who taught the IRS offer in compromise program or what is better known as the IRS tax settlement procedure.
Get Pre-Qualified to File for a IRS Tax Settlement
Before any offer in compromise or any IRS tax settlement is turned into the Internal Revenue Service it goes through a pre-qualifier with our firm to make sure that any taxpayer, individual, or business is a suitable and candidate and has an excellent chance of their offer getting accepted.
We will submit no offer in compromise unless you have a reasonable chance of acceptance.
Contact us today for free initial tax consultation and we will go over the various tax options with you to get you the most affordable IRS tax settlement.
We have practiced in South Florida since 1982 and are A+ rated by the Better Business Bureau. We have over 206 years of professional from experience.
What is a IRS Tax Settlement
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.
IRS will consider your unique set of facts and circumstances:
- Ability to pay;
- Income;
- Expenses; and
- Asset equity.
The Internal Revenue Service 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.
You should explore all other payment options before submitting an offer in compromise.
Clearly, 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.
Make sure you are eligible will for a IRS 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.You can find this tool on our website.
Submit your IRS Tax Settlement
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 for a IRS Tax Settlement
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.
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. See your application package for details.
Understand the process IRS Tax Settlement 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; and
- Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Remember a IRS tax settlement is not for everyone.
It is always best to contact a tax attorney, certified public accountant, or former IRS agent or manager to have your very best chance of getting your IRS tax settlement approved by the Internal Revenue Service.
Contact us today for free initial tax consultation.
Affordable IRS Tax Settlement Attorneys, Former IRS – Ft.Lauderdale, Miami, Boca, West Palm Beach, South Florida