Settle Back IRS Taxes Debt + Unfiled Tax Returns + IRS Levy’s Garnishment + IRS Payments + Resolve Problems = Former Agents * Fast Affordable + White Plains, Amherst, Hempstead, Rochester, Utica

August 17, 2015
Written by: Jim Magary

Fresh Start Tax

 

We are an “AFFORDABLE “ professional tax firm that has been in private practices 1982.    We can completely resolve your case!

 

If you wish to settle back IRS taxes can call us today to learn about the different systems IRS uses to settle back tax debt. Being former IRS agents we know the system.

If you have any back tax issues with the Internal Revenue Service or have not filed back income tax returns, we can result in settle your case all at the same time.

We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.

 

Fresh Start tax LLC is a much different firm than other companies.

We do our own work in-house, most companies sub their work out to backend offices.

We are staffed with tax attorneys, CPAs and former IRS agents. Our vast experience and knowledge with the Internal Revenue Service works in your favor.

If you want to settle your back taxes, IRS will require a current financial statement along with documentation.

IRS rules require only form 433F or 433A may be used along with bank statements, copy of pay stubs, and monthly expenditures.

The Internal Revenue Service will compare your expenses against your income and compare that to that of the national, regional, and localized standards and come up with the ruling. We can help turn that ruling in your favor. you can find the national, regional, and localized standards directly on our website.

All tax returns must be filed. Over 16 million taxpayers do not file annual tax returns.

At some point if you do not file the Internal Revenue Service will catch up with you do not keep your head in the sand

If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS.

If you did not file your back tax returns, IRS can prepare them for you and you will owe more money than you should. IRS as the ability under 6020B to file for you.

If you do not respond to the IRS bills and notices they send out as a result of filing your tax returns IRS will follow-up with tax levies in the filing a federal tax liens

IRS levies approximately 1.9 million taxpayers each and every year.

We can remove an IRS tax or wage garnishment levy within 24 hours of receiving your current financial statement and or get you placed into a payment program or tax hardship depending on your situation.

 

Settling IRS Tax Debt

If you wish to settle your IRS tax that you will do have to do so through the offer in compromise program.

What is an 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 a OIC.

In order to be eligible for a 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.

In most cases, the IRS will not accept a OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (the RCP). The reason for this is quite simple, the IRS can just sees the asset and collect the full value.

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.

Most offers in compromises take any where between 20 hours to work by an IRS agent. Also if a the offer and compromise is accepted it becomes a matter of public record and is available for public inspection.

The offer in compromise or tax settlement stays on record for one year at the regional tax offices for public inspection. That’s right, you can walk right into a regional office and asked them to see their accepted offers in compromise.

The IRS may accept a OIC based on three grounds.

1. Acceptance is permitted if there is doubt as to liability. This ground is only met when genuine doubt exists under applicable law that the IRS has correctly determined the amount owed.

2. Acceptance is permitted if there is doubt that the amount owed is fully collectible. This means that 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. Acceptance is permitted based on effective tax administration.

An offer in compromise 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.

 

We are a full service tax firm, since 1982. We are A+ rated by the Better Business Bureau. get help from true IRS tax professionals.

 

 

Settle Back IRS Taxes + Unfiled Tax Returns + IRS Levy’s + IRS Payments + IRS Problems = Former Agents * Fast Affordable

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“Thanks to Fresh Start, I am feeling more and more confident about finally getting caught up after all these years.”
M. Johnson

“I will certainly refer anyone I come across who needs your services for sure.”
Jody and Don

“I cannot thank you enough for handling my IRS issues. After dealing with another office who did nothing, you guys did everything that you promised. Thanks again, especially Steve Jacob for guiding me every step of the way.”
Jerry H.