Help with Back Taxes Owed – Find out how to Settle your Tax Debt             1-866-700-1040

 
Settling your tax debt with Internal Revenue Service is much easier than you think.the new Fresh Start Program by the IRS is allowing taxpayers help with their back taxes and allowing them to settle there tax debt.
If you call us today we can give you a free tax consultation on how to find out how  easy it is to settle your tax debt on back taxes owed. Being former IRS agents and managers we know all the tax strategies and tax procedures on how to make this process quickly and for affordable pricing.
If you need help with your back taxes owed call us today to find out how easy it is to work out a tax debt settlement with the Internal Revenue Service. Free tax consultations.
We are tax experts in owing back IRS or State taxes. Make sure you act before the IRS acts.
As a word of caution if the Internal Revenue Service sends you a letter or notice you must act on the date on the notice. If you fail to act on the given day the IRS will systemically activate their CADE 2 computer system to take in enforcement  action on taxpayers and businesses. IRS will follow those up with the filing of a federal tax lien. A federal tax lien will both ruin and destroy your credit for years to come.
Do not let fear or worry stop you from settling your case with the Internal Revenue Service.
At Fresh Start Tax we are comprised of tax attorneys, certified public accountants, enrolled agents and former IRS agents, managers and tax instructors.
We have over 60 years of direct working experience and knowledge with the Internal Revenue Service and worked out of the local, district, and regional offices of the Internal Revenue Service.
Also, we worked at IRS we taught tax law and we also supply the IRS offer in compromise or the text that settlement. We are tax experts in how to resolve back taxes that are owed.
 

 To settle back taxes owed you will need to file an offer in compromise

Being a former IRS agent and teaching instructor with the Internal Revenue Service I taught the offer in compromise program to new IRS agents. There are very specific formulas and ways to settle your tax debt and get help with back taxes owed.
 

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:
1. Ability to pay;
2. Income;
3. Expenses; and
4. Asset equity.
IRS will conduct a thorough tax investigation on an offer and will do so when a taxpayer fills out a form 433 OIC.
The form 433 OIC is the IRS financial statement in which a taxpayer list all their assets, income and expenses. After the taxpayer fully documents the financial statements the IRS will make a determination as to the acceptance of an offer in compromise.
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.
IRS will always explore all other payment options before accepting an offer in compromise.
The Offer in Compromise program is not for everyone. This is why you should seek professional tax help and get your case qualify to file an offer in compromise on your back taxes owed.
 

How to find out if you are eligible to settle Tax Debt

 
Before we 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.
IRS now has a pre-qualifier program.  Simply use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
 

Submitting your offer in compromise to settle to your tax debt

 
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).
 

 Required IRS forms to settling your IRS tax debt.

 
1. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
2. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
 

 Application fees
$150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.

 
Select a payment option  to settle your IRS tax debt ( Help with back Taxes Owed )
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 process of Back Taxes Owed

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;
c. Other collection activities are suspended;
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.
 
Help with Back Taxes Owed – Find out how to Settle your Tax Debt