We are a full service tax firm that specializes in all IRS matters and have been doing so since 1982.
We are the affordable IRS Tax Experts.
We have over 206 years of professional tax experience, over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax office of the Internal Revenue Service.
We know every system used by IRS.
We taught the book used by IRS agents to learn there jobs.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
If you have any type of IRS problem, matter or situation you can contact us today for a free initial tax consultation and get true affordable tax release from true IRS tax experts.
All our work is done in-house by these experts.
FST can resolve any issues that you have owe back IRS taxes, need to file back or past due tax returns, or need to make payments to the Internal Revenue Service.
We can explain in detail how you can settle your IRS taxes if you are a qualified candidate for the offer in compromise program.
Filing Back or Past Due Tax Returns
If you have to file back or past-due returns we can do so with little or no records.
We find that many times when taxpayers you not file one year the snowball rolls down the hill and just gets bigger and bigger.
Do not be worried, we can pull your IRS income records and prepare your tax return and work out a settlement all at the same time.
Make payments to the IRS.
If you need to make payments to the IRS there are generally three type of plan solutions available, call us today and we will walk through the process with you.
The IRS Settlement Program, the Offer in Compromise
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If the liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for an OIC.
In order to be eligible for an OIC, the taxpayer must have:
- filed all tax returns,
- made all required estimated tax payments for the current year and
- made all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees.
The IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (the RCP).
The RCP is how the IRS measures the taxpayer’s ability to pay. The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.
The IRS may accept an OIC based on three grounds.
1. First, acceptance is permitted if there is doubt as to liability. This ground is only met when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.
2. Second, acceptance is permitted if there is doubt that the amount owed is fully collectible. Doubt as to collectibility exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
3. Third, acceptance is permitted based on effective tax administration. An offer may be accepted based on effective tax administration when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
On the Fresh Start Tax staff are tax attorneys, certified public accountants, enrolled agents and former IRS agents managers and tax instructors.
We match you up specifically with the person who has the expertise with your particular tax matter situation.
A simple phone call to our firm and speaking to a tax expert will probably get you immediate relief to know your tax problem can be handled and managed by a true affordable tax professional.
Before hiring any tax resolution company check on the bios, the experience, and the complaint history before hiring any firm.
We are A+ rated by the Better Business Bureau and have been in practice since 1982.
IRS = Owe Back Taxes, Filing Back, Past Tax Returns, Make IRS Payments, Settle Tax Debt = West Covina, Torrance, Santa Clarita, Pasadena