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Former IRS Agent + IRS Trust Fund Tax Defense + Expert Representation + I Know the System

 

Do you owe trust fund taxes?  IRS wanting to Assess You ?    I am at through IRS expert for trust fund taxes and hundreds of cases.

Call us today to  get a free initial consultation and we can review your examinations. Since 1982 former IRS agents and managers.

 

The IRS Trust Fund Penalty, Speak to IRS Expert, Appeals and Trust Fund Defense, Former IRS Revenue Officer.

 

No matter where your case is in the IRS system we can guide you and give you assistance. From the first IRS notice, to a final assessment we are your best source for payroll, and unpaid tax debt.

 

If you will owe trust fund taxes/payroll taxes, knowledge is power. knowing the system can help provide your very best tax defense.

The Internal Revenue Service is very methodical in setting up a trust fund taxes, I should know I have worked hundreds upon hundreds of cases as a former IRS agent, teaching instructor and also in private practice.

 

If you do not believe that the assessment itself is legitimate you can file an offer in compromise doubt as to liability.

At that point IRS will reopen the case and you provide a defense why you should not have been assessed the penalties.

If you owe the tax IRS will take a current financial statement and either put you into a hardship, payment agreement or you can file for an offer in compromise doubt as to collectivity.

I am a former IRS agent and teaching instructors with the Internal Revenue Service collection division, I am a true expert for the Trust Fund Tax, avoid and defend yourself.

We are general appellate Experts for all IRS matters. We have a former IRS appellate agents on staff. We know the system.

We can appeal your IRS trust fund penalty with the best possible tax defense used by strategies known to former IRS agents who have worked and know the system.

If you have received IRS form 2751 with the accompanying IRS letter 1153 , the IRS is in the process of asserting a trust fund penalty against the name on the form.

You have 60 days to file a formal appeal to stop the assessment and stop future IRS collection action.

 

This is a time sensitive letter in all time sensitive letters must be handled in that fashion.

 

As a former revenue officer and I taught tax law regarding the TRUST FUND TAX to new employees with the simple review of your case I will be able to give you a full evaluation to let you know how to defend yourself against the IRS trust fund recovery penalty.

There are no two cases the same so it is important to understand the fact pattern before one files an appeal for the trust fund case.

The revenue officer who will be making this determination will spend a number of hours before making a determination for who is responsible for this penalty.

It is extremely important to get the best tax advice events possible.Many times experienced help can get you out of this penalty and tax assessment.

 

Call me today for a free initial tax consultation. I will speak directly to you about your particular aspects on your unique case and all of them are different.

 

Within a couple of minutes will be able to make a determination on how to proceed forward.

As a former IRS agent I would set up the trust fund penalty against responsible persons who were held liable for this tax.

I also set up hundreds upon hundreds of trust fund penalties against responsible persons and know the system inside and out.

I also know all the best tax defense strategies to use.

The IRS Form 4180

 

It is very important to know that one of the main forms used by revenue officers is form 4180.

The Internal Revenue Service asks the revenue officer to have a sit down meeting with any persons that will be completing this form.

As a former revenue officer, I would urge any persons who has to fill this form out to be represented so you can have the best possible tax defense.

There are many set up questions on this form.

The revenue officer tries to take this 4180 statement from as many persons that were involved with the company so as to make a clear determination as to who was truly responsible. The revenue officer uses a variety of sources to confirm that this statement is true and correct.

The revenue officer looks at bank signatures cards, copies of cancelled checks, at corporate resolutions, at loan documents, at those who sign leases or sign key documents involving day-to-day business of the company.

 

Another Instructors IRS will look for:

1. IRS will look for who determined the financial policy for the business,

2. who authorized payments or bills to other creditors,

3.who opened & closed bank accounts,

4.who guaranteed loans,

5.who authorize payroll,

6.who authorized federal tax deposits,

7. who prepared and review and sign payroll tax returns,

8.who had the right to hire or fire.

 

At the end of the day IRS looks at where the axe falls based on the flags raised on those who had authority and control.

There is not just one factor but a number of indicators  and an experienced revenue officer can get to the bottom of this real quick but keep in mind there are many tax defenses that one can raise to file an appeal against this assessment.

Also keep in mind that if this taxes assessed against you can always file an offer in compromise doubt as to liability and ask IRS them to reopen the case.

There are many other documents that IRS will look at e are just a few.

It is not hard to determine who is responsible for the trust fund, the bottom line is, follow the money, follow decisions, follow who was really in charge.

If you need any help or need an initial consultation call me today and I can walk you through the process of the trust fund tax.

 

Why this tax is so deadly????

 

Many persons have no idea that if their payroll taxes are not paid that they can be held personally responsible for the tax debt, that is, the so-called trust fund taxes.

The article below will go into detail what those trust fund taxes are and the computations of assessment.

If IRS sets up the trust fund penalty against responsible persons or employees it can impose their true enforcement action including seizure, garnishments, bank levies, tax liens against any and all assets.

Our firm, fresh start tax is your best tax defense for the trust fund tax, appeals or collection defense.

 

What is the Trust Fund Tax ? The IRS Code 6672 Penalty

 

A trust fund tax is money withheld from an employee’s wages (income tax, social security, and Medicare taxes) by an employer and held in trust until paid to the Treasury.

When you pay your employees, you do not pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks. The income tax and employees’ share of FICA (social security and Medicare) that you withhold from your employees’ paychecks are part of their wages you pay to the Treasury instead of to your employees.

Your employees trust that you pay the withholding to the Treasury by making Federal Tax Deposits (PDF). That is why they are called trust fund taxes.

Through this withholding, your employees pay their Contributions toward retirement benefits (social security and Medicare) and the income taxes reported on their tax returns. Your employees’ trust fund taxes, along with your matching share of FICA, are paid to the Treasury through the Federal Tax Deposit system.

The withheld part of e taxes is your employees’ money, and the matching portion is their retirement benefit.

Employment tax deposits are a current expense. Postponing paying them is not the same as making a late payment on your phone bill or to a supplier.

Congress has established large penalties for delays in turning over your employment taxes to the Treasury. The longer it takes to pay that money, the more it will cost you.

 

Who Can Be Responsible for the TFRP

 

The TFRP may be assessed against any person who:

Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
Willfully fails to collect or pay them.

A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes

This person may be:

An officer or an employee of a corporation,
A member or employee of a partnership,
A corporate director or shareholder,
A member of a board of trustees of a nonprofit organization,
Another person with authority and control over funds to direct their disbursement,
Another corporation or third-party payer,
Payroll Service Providers (PSP) or responsible parties within a PSP
professional Employer Organizations (PEO) or responsible parties within a PEO, or
Responsible parties within the common law employer (client of PSP/PEO).

 

The responsible person:

Must have been, or should have been, aware of the outstanding taxes and
Either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).

Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of Consultations.

You may be asked to complete an interview in order to determine the full scope of your duties and responsibilities.

Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.

An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather that to determine which creditors would or would not be paid.

Figuring the TFRP Amount:

The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:

The unpaid income taxes withheld, plus
The employee’s portion of the withheld FICA taxes.

For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.

Assessing the TFRP:

If we determine that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you. You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal. The letter will explain your appeal rights.

Caution:

Once we assert the penalty, we can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action.

Call us today and hear the truth. We can review a number of examinations and represent you before the IRS and provide your best possible tax defense.

Please feel free to call us regarding a second opinion. Hear the truth from experienced former IRS agents managers and teaching .instructors

 

 Former IRS Agent + IRS Trust Fund Tax Defense + Expert Representation + I Know the System

Former IRS Agent + Expert IRS Appeals Tax Defense + IRS Audit & Collection Matters

I am a former IRS agent and teaching instructor. We can provide the best possible IRS appeals defense for IRS audit and collection matters, since 1982.

 

We have over 200 years of professional tax experience and over 100 years of working directly for the Internal Revenue Service and the local, district, and regional offices of the Internal Revenue Service.

Our former IRS agents worked as managers and supervisors in the IRS tax audit division and we know every single way imaginable way to provide you the best possible tax defense if you are going through a IRS tax audit.

If you have received a letter from the Internal Revenue Service stating that you are going through an IRS tax audit, contact us today and we will walk you through the process of what to expect and how to prepare the best tax defense.

If you wish to appeal the findings of the local IRS agent, we can provide the best possible appellate tax defense for going forward.

Call us today for a free initial tax consultation and understand why we are considered the best IRS tax audit help defense.

Many people ask us how IRS determines their cases when cases get into the appellate process. below you will find out some of the standards they use in evaluating your case.

IRS Hazards of litigation.

I am a former IRS agent and teaching instructor. I have over 40 years of experience with the Internal Revenue Service and in private practice. If you need help representation please feel free to call us today.

As a general rule after practicing over 40 years of tax experience, I have found I get a better result going to the appeals division. I feel that you have a more seasoned person looking at the case who is much more able to settle the case based on their years of experience. You will find the Appellate Division much more flexible.

Many times in the local office you do not know what you’re going to get from the field agent working the case. It is a lot easier many times to convince the appeals officer based on certain common senses. Many times a local office will see things black-and-white and the appeals agent sees things in the gray and are quicker to settle cases.

But keep in mind, you cannot have any frivolous arguments, you must have some sort of case before bringing it forward.

If you work a lot of cases that frequently go to appeals you can start building a reputation of a solid practitioner versus a scammer. It is best generally for your client and for your reputation to send solid work to the appeals office.

A LAYMAN’S LOOK AT THE HAZARDS PROCESS

 

am attempting here to lay out a layman’s look at the hazards of litigation and what the appellate officer will look at as a case comes their way.

As a general rule, the appellate officer receives the entire case from the collection division or the audit division with all the notes and the entire case file.

Generally, the Appellate Division will get involved in the case from the audit or collection division in which the taxpayer is unsatisfied based on the result of the current field agent working the case and asked for a hearing in the appeals division.

The agent will carefully look at the case and then send out their appointment letter. They want to try to understand the case first before the appointment letters go out.

It is critically important for the practitioner of the taxpayer to respectfully and respond to all-time dated requests. You do not want to do anything to upset the appeals agent and their timelines in the handling of these cases.

Case files sent by the practitioner to appeals should be very organized, well documented and placed in tabs if necessary. Good case appearance is very important to the appellate agent can make their way through the case easily.

IRS management is very time conscious on cases and as a general rule, they do not like having overage cases in their inventory and many times both management and the agents are written up because of poor time management.

The appeals division is there to make a lasting final decision before the case could go to Tax Court.

The appeal officer does not want the case to go to court and they do their best to settle the case if in fact it can be settled on a reasonable basis. However,’s there are certain factors that the IRS appellate agent must consider before settlement.

If the case goes the Tax Court the IRS does not want to lose because it can alter future decisions and this can have a devastating effect on future cases going forward. If they lose the case it looks bad on the appellate agent, the supervisor’s management and the district in which the decision was ruled.

An Example:

The appellate agent looks at the case and based on the facts and circumstances. If feel they have an 8/10 chance of winning the case, many times they can offer an 80% reduction in the total tax. Before the agent sends out a letter offering a reduction, the case is reviewed with their supervisor to make sure this is consistent with the IRS overall goal so it does not affect future cases.

The IRS has certain categories or criteria that they use for the hazards of litigation.

I have put together 11 elements that they use in making their determination about the strength of the weakness of their case. Please remember this is a layman’s view so those reading this blog can understand how the IRS works these hazards of litigation cases.

I have deliberately not gone into any legal detail because this is just a brief overview of hazards.

Hazards of litigation categories

This list contains a majority of factors but not all-encompassing.

1. How would the judge view the facts of this case?

2. How much evidence would this hold inside a courtroom,

3. What is the credibility of the representation and the taxpayer

4. How well is the case been presented to the appeals agent that will be presented in court? Is the case well presented in well representative

5. Can the taxpayer meet the burden of proof effectively to convince the judge

6. If witnesses come into play are they credible and will they testify in such a case, can anything disqualify them

7. Has the taxpayer successfully shifted the burden of proof to IRS

8. Who does the appeals agent based on the aforementioned facts feel the judge will rule in favor of

9. How solid will the presenter of the taxpayer’s case be

10. Can the evidence of the facts be proven

11. Has tax law already existed in this case

 

What Does the IRM say about these matters

1. The Appeals mission is to resolve tax controversies, without litigation, on a basis which is fair and impartial to both the Government and the taxpayer and in a manner that will enhance voluntary compliance and public confidence in the integrity and efficiency of the Service.

This is Appeals’ general contribution towards achieving the Service mission. (See IRM 1.1.1, IRS Mission and Basic Organization and IRM 1.2.17, Servicewide Policies and Authorities, Policy Statements for the Appeals Process.) In further support of the Service mission, Appeals may defer action on or decline to settle some cases, under Policy Statement 8–47 (described at IRM 1.2.17.1.6), where:

A. required by other Headquarters Office-issued internal management documents, such as those suspending action on cases or those requiring coordination or control of identified matters with widespread impact; or

B. such action would produce a greater positive effect on voluntary compliance than would be derived from settlement or other action on the case.

3. A fair and impartial resolution is one which reflects on an issue-by-issue basis the probable result in event of litigation or one which reflects mutual concessions for the purpose of settlement based on relative strength of the opposing positions where there is substantial uncertainty of the result in event of litigation.

4. It is the experience of Appeals that thorough, reasonable, and objective consideration of all elements of a controversy leads, in a large majority of cases, to the resolution of the controversy on a basis agreeable to both the taxpayer and the Government.

The agreement is not possible in all cases, however. A taxpayer may not agree with Appeals conclusion as to the probable result in event of litigation or to the extent of mutual concessions required where there is substantial uncertainty of litigating result or may prefer to litigate for other reasons.

If you are looking for professional tax help call us today for a free initial tax consultation and rest assured that you will receive the very best possible IRS tax audit or appellate defense.

 

Christian IRS Tax Debt Help + IRS Settlements, Tax Debt, Levies, IRS & State Representation + Nationwide Tax Representation

We are the premier Christian tax firm that provides nationwide tax services for all those having a season  of IRS or state tax problems.

 

We provide full representation for anybody, business or corporation that have IRS or state tax problems.

From receiving a basic notice or letter, to having a seizure of your property, bank or wage garnishment levies we handle it all.

 

You will never have to speak to the Internal Revenue Service or state as we handle all communications. We provide excellent communications with our clients and close the cases out fast with the best possible results and have the highest integrity.

We are staffed with CPAs, enrolled agents, former IRS agents, managers and teaching instructors.

We have over 200 years of total tax experience in over 100 years of working directly with IRS.

We are true experts for any IRS or state tax problem that you have.

Since 1982 we have been working with Christians across the United States to resolve their IRS and state tax problems.

 

Proverbs 12:15

The way of a fool is right in his own eyes, but a wise man listens to advice.

Proverbs 11:14

Where there is no guidance, a people falls, but in an abundance of counselors there is safety.

Proverbs 15:22

Without counsel plans fail, but with advisers they succeed.

 

IRS Tax Debt Help

We can help you in any area such as the offer in compromise to settle back tax debt,levies release, if the IRS has seized money from your bank or wages  we can get your money back within 24 hours and we can also represent you in any IRS or state tax matter.

We do work in all 50 states and are true experts for IRS and state  taxation issues.

 

Tax Returns Info

We can prepare any back tax returns without records and settle your tax debt at the same time if necessary.

Please feel free when you call us to ask us about our faith.

You’ll hear the truth as we have helped countless thousands of people since  1982 resolve their IRS or state tax issue.

We are a full-service accounting, bookkeeping and tax defense firm  keeping the highest standards, quality personnel and a biblical base practice.

 

Please call us today for a free initial tax consultation and find out the truth, blessings.<><

 

Christian IRS Tax Help + Settlements, Tax Debt, Levies, IRS & State Representation + Nationwide Tax Service Debt Relief

The IRS Billing, Notice & Collection Process, What You Need To Know, Former Agent

I owe money to the Internal Revenue Service and I cannot pay, what is going to happen next?

 

 

It is very important for any taxpayer to understand the IRS billing and notice process. As a former IRS agent and teaching instructor I know this system inside and out and all the methodologies that control it as well as the billing cycle and the billing processes that govern tax debt owed to the IRS.

 

What happens first:

IRS’s kind in the beginning and you do not receive a nasty gram from the Department of treasury.

The first thing that you will do is receive a bill for the amount you will.

This bill actually starts the IRS collection process and will continue until your account is closed by the Internal Revenue Service.This process is called the IRS tax assessment and starts the statute of limitation on every case which is 10 years that IRS creates a notice on the IRS billing system.

 

There are different ways that IRS can close your case.Every case is different and your unique set of circumstances needs to be evaluated before a recommendation or determination can be made.

As a general rule, IRS after reviewing your case and your current financial statement may close your case by putting you into a non-collectible hardship status, entertaining a payment agreement or the possibility of settling your tax debt through an offer in compromise.

This will happen over a ten-year period of time in which the IRS collection statute of limitations expires.

It is very important for every taxpayer to understand and to make sure that the tax debt that IRS is assessing you for is correct.

I advise all taxpayers to pull out there tax return and compare it to the bill to make sure the amount owed to IRS is correct.

If not, your first step is to correct the IRS tax notice and make sure the proper amount you always on the IRS computer.

 

The first notice you receive will be a letter that explains the balance due and demands payment in full.

It will include the amount of the tax, plus any penalties and interest accrued on your unpaid balance from the date the tax was due.

The unpaid balance is subject to interest that compounds daily and a monthly late payment penalty. It’s in your best interest to pay your tax liability in full as soon as you can to minimize the penalty and interest charges.

If you’re not able to pay your balance in full immediately, the IRS may be able to offer you a monthly installment agreement. There are various programs that IRS has to pay back taxes depending on the amount you owe and the period of time you wish to pay them back.

If this is your situation you could call us today and speak to a true IRS tax expert.

IRS should be contacted at some time during this process especially when you receive the final notice to let them know you are unable to pay the tax debt in full and you wish to make arrangements.

Making arrangements is not necessarily to pay off the debt but may be to ask IRS to place you in a hardship or let them know you want to settle your tax debt through the filing of an offer in compromise

If you need more time to pay, you may ask that IRS  delay collection and report your account as currently not collectible.

If the IRS determines that you can’t pay any of your tax debt due to a financial hardship, the IRS may temporarily delay collection by reporting your account as currently not collectible until your financial condition improves.

Being currently not collectible doesn’t mean the debt goes away. It means the IRS has determined you can’t afford to pay the debt at this time.

Prior to approving your request to delay collection, we may ask you to complete a Collection Information Statement (Form 433-F.pdf, Form 433-A.pdf, or Form 433-B.pdf) and provide proof of your financial status (this may include information about your assets and your monthly income and expenses).

If IRS does delay collecting from you, your debt continues to accrue penalties and interest until the debt is paid in full. The IRS may temporarily suspend certain collection actions, such as issuing a levy (explained below), until your financial condition improves. However, we may still file a Notice of Federal Tax Lien (explained below) while your account is suspended.

It’s important you contact the IRS and make arrangements to pay the tax due voluntarily. is best to check with the professional tax firm about the various programs that are available to take care of your situation and to draw up a short  term and long term strategy.

If you do not contact IRS, they may take action to collect the taxes.

For example:

1. Filing a Notice of Federal Tax Lien,
2. Serving a Notice of Levy, or Wage Garnishments,
3. Offsetting a refund to which you’re entitled.

 

 What is a federal tax lien:

 

A federal tax lien is a legal claim to your property, including property that you acquire after the lien arises.

The federal tax lien arises automatically when you fail to pay in full the taxes that have been assessed against you within ten days after the IRS sends the first notice of taxes owed and demand for payment.

The IRS may also file a Notice of Federal Tax Lien in the public records, which publicly notifies your creditors that the IRS has a claim against all your property, including property acquired by you after the filing of the Notice of Federal Tax Lien.

The filing of a Notice of Federal Tax Lien may appear on your credit report and may harm your credit rating.

Once a lien arises, the IRS generally can’t release the lien until the tax, penalty, interest, and recording fees are paid in full or until the IRS may no longer legally collect the tax.

The IRS will withdraw a Notice of Federal Tax Lien if the notice was filed while a bankruptcy automatic stay was in effect.

The IRS may withdraw a Notice of Federal Tax Lien if the IRS determines:

1. The Notice was not filed according to IRS procedures;

2. You enter into an installment agreement to satisfy the liability unless the installment agreement provides otherwise;

3. Withdrawal will allow you to pay your taxes more quickly; or

4. Withdrawal is in your best interest, as determined by the National Taxpayer Advocate, and in the best interest of the government.

The IRS may levy (seize) assets such as wages, bank accounts, social security benefits, and retirement income.

The IRS also may seize your property (including your car, boat, or real estate) and sell the property to satisfy the tax debt. In addition, any future federal tax refunds or state income tax refunds that your due may be seized and applied to your federal tax liability.

You have rights and protections throughout the collection process.

if you will money to the Internal Revenue Service and you need to know what’s next call former IRS agents who can explain the process and set up a  short-term/long-term strategy to  and your tax problem altogether.

It is very important for everyone to know that all tax returns need to be filed and that all taxpayers remain current with withholding or estimated tax payment so IRS can work with you and feel confident about their negotiations.

Offer In Compromise + What You Need to Know To Help Your Settlement By Former IRS

The Truth About the Offer in Compromise From Former  IRS Agents, Get True Expert Tax Help.

 

There are many myths about the offer in compromise program. There are strict standards that the IRS employee before they accept an offer in compromise. I know because I’ve both accepted offers in compromise taught new employees to accept the offer in compromise or reject them and I know the system inside and out.

I suggest that every client or taxpayer before they file an offer in compromise either do one of two things.

Number one, call a true tax expert who knows the offer in compromise inside out or to fill out the IRS pre-qualifier tool for the offer in compromise.

If you’re calling a professional firm you want to make sure the representative has at least filed 100 offers. It takes a lot of experience and knowledge to get an offer in compromise through.  some are very simple and don’t need a lot of experience while others demand. expertise skill level.

The Internal Revenue Service spends several hours, much more than you think to accept an offer in compromise. As a general rule, the average agent can spend between 20 to 40 hours to accept an offer in compromise.

After that takes place, the revenue officer must convince their local supervisor, the area manager, and the General Counsel of Internal Revenue Service to accept the offer.

It literally goes back and forth in the system. Some exceptions do exist. Dollar amount has a lot to do in the direction your offer will take.

Why?  because all offers and compromise are a matter of public record.

 

As a former IRS agent and teaching instructor I was commissioned by Internal Revenue Service not only to work the offer in compromise program but to teach the program to new IRS agents. As a former agent I accepted offers in compromise and today I submit offers and compromises.

The offer in compromise is an agreement between the taxpayer and the Internal Revenue

IRS is authorized to settle taxes  on one of three grounds.

Number one, the doubt of the tax liability, Number two doubt as too the collectibility and number three can  to promote effective tax administration.

If you clearly want to have your offer accepted it is wise to use a former IRS agent and experience tax firm in offers in compromise. There is a very unique expertise you have because you have to fit the IRS structures and methodologies to get an offer in compromise approved. If you are contemplating filing an offer in compromise you may want to talk to Michael D Sullivan at our firm and IRS tax specialist and teaching instructor of the offer in compromise

 

History of the OIC

In the early 1950s, an employee was indicted for taking bribes from a taxpayer seeking to settle their outstanding tax liability debt.

Pres. Truman directed the Internal Revenue Service to open for public inspection all accepted offers in compromise.

Since that time the number of offers accepted has grown from a few hundred to 25,000 annually are accepted.

To view an offer in compromise file a taxpayer must make an appointment in advance.

Files are stored at one of eight  based locations,

 

Taxpayer’s geographical reference the sites include :

1. Denver

2. Colorado

3. Laguna Niguel California,

4.St. Paul Minnesota,

5.Nashville Tennessee,

6.Buffalo New York,

7.Pittsburgh, Pennsylvania,and

8.Plantation, Florida.

 

Right now the offer in compromise program is only available on paper-based public inspection and not electronic format recommendation.

Only one individual reviewed the public inspection files last year and no one reviewed the files at all for the first half of 18.

The Internal Revenue Service at this time is looking at recommendations to make these files available through electronic transmission but the details have currently not been worked out.

If you have questions about an offer in compromise, call former IRS agents, managers, and teaching instructors that know the system.

 

That public record is available at eight regional IRS offices in the United States. Even though offers are open to public inspection only one person last year looked through the IRS offers in compromise files. IRS is not made electronic copies for review.

There is a base rule for Internal Revenue Service accepting an offer in compromise.

You must give IRS the total equity in all your assets before IRS will consider or contemplate the acceptance. Some exceptions exist, assets consist of houses, pension plans,  stock, business valuations,IRS wants to make sure you’re actually borrowing the money to settle.

If you are interested in filing an offer in compromise you can call us today for a free initial tax consultation and I will walk you through the process of the true IRS debt settlement called the offer in compromise.

 

FACTS:

IRS last year accepted approximately  30,000 offers in compromise in approximately 75,000 were accepted. The average settlement was $9500.

Don’t let this average settlement fool you, it’s based on an average of all the offers accepted.

Offers in compromise are excepted by formula  not by judgment.

The basic formula a:re the total value of your assets times what you have left over a month on a current income and expense statement times the number of months left in the statute. Some exceptions do apply

 

 Due diligence that can be used by IRS.

You want to make sure your financial statement is accurate.

IRS has a host of web-based tools that can search your assets, places were you work, your income, your real estate records, your car records, your business records, insurance records ,financial statement you’ve given institutions, credit reports and financial statements you’ve given the credit companies.

Make sure you are very honest in the submission of your offer in compromise

 

So what is an offer in compromise, a tax debt 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 consider your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.

IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.

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

 

Before IRS 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.

 

Submit your offer

 

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;

• $186 application fee (non-refundable); and

• Initial payment (non-refundable) for each Form 656.

 

Select a 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. If your offer is accepted, you will receive written confirmation. Any remaining balance due on the offer is paid in five or fewer payments.Perod Payment

• Periodic Payment:

Periodic Payment Offer – An offer is called a “periodic payment offer” under the tax law if it’s payable in 6 or more monthly installments and within 24 months after the offer is accepted. When submitting a periodic payment offer, the taxpayer must include the first proposed installment payment along with the Form 656. This payment is required in addition to the application fee. This amount is generally nonrefundable, just like the 20 percent payment required for a lump sum cash offer. Also, while the IRS is evaluating a periodic payment offer, the taxpayer must continue to make the installment payments provided for under the terms of the offer. These amounts are also nonrefundable. These amounts are applied to the tax liabilities and the taxpayer has a right to specify the particular tax liabilities to which the periodic payments will be applied.

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.

 

Understading the process of the offer in compromise:

 

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.

 

If your offer is accepted, please God!

• You must meet all the Offer Terms listed in Section 8 of Form 656, including filing all required tax returns and making all payments;
• Any refunds due within the calendar year in which your offer is accepted will be applied to your tax debt;
• Federal tax liens are not released until your offer terms are satisfied; and
• Certain offer information is available for public review by requesting a copy of a public inspection file.
If your offer is rejected
• You may appeal a rejection within 30 days using Request for Appeal of Offer in Compromise, Form 13711 (PDF).

Have any questions, call us today for a free initial tax consultation and speak to a true IRS tax expert on how to settle an IRS tax debt with former IRS agents

 

 

Offer In Compromise + What You Need to Know To Help Your Settlement By Former IRS

Stop a tax levy garnishment on my paycheck, former irs agents will tell you + Ft.Lauderdale, Miami, Palm Beach, Boca Raton, Aventura,Hollywood

 

Former IRS can stop your IRS tax levy garnishment and settle your case at the same time. Get Your Paycheck Back NOW.

 

We are a local South Florida tax firm that has been practicing since 1982 and we know the exact system to get an immediate IRS tax levy garnishment released, get your paycheck back and close your case out all at the same time.

We have worked thousands of cases since 1982 and are true IRS tax experts. As former IRS agents we worked out of the local South Florida IRS offices.

 

Believe it or not, IRS does not want to levy anyone’s paycheck or garnish anyone’s bank account.

 

Yes, IRS finds no pleasure in taking anyone’s hard-earned money. As a former IRS agent and teaching instructor we hated ever to send the levy out but the bottom line is we need to get the taxpayers attention to close the case.

IRS does so because taxpayers have not resolved their IRS problem after IRS has sent a series of four different notices to the last known address the IRS had on file. IRS usually sends letters out in a series of six-week cycles with the final notice before seizure the last notice.

Part of the problem is twofold, number one, many people have never received the notice because they have moved, or number two, they’ve ignored the IRS letter.

With that said, the Internal Revenue Service’s CADE2 computer self generates a form 688W which is a continuous garnishment notice on the person’s paycheck or wages.

IRS gets their levy sources off the computer by matching up the W-2s, or 1099s they receive from third-party payors. IRS keeps this information of levy sources for the last six years.

So what can you do to stop the IRS levy or wage garnishment on your paycheck?

The case must be closed off the IRS enforcement computer and Internal Revenue Service uses their own financial statement which is either a 433A, 433F to make determination on how your case will close.

There is an art to the filling out and the documentation of the financial statement. As former IRS agents, managers and teaching instructors we know the exact processes and methodologies to make the taxpayer look in the best light to the Internal Revenue Service.

After years of experience with the Internal Revenue Service we know exactly how IRS is going to value your financial statement and the various outcomes that will occur. we have worked thousands and thousands of IRS cases

Call us today for a free initial tax consultation and we will walk you through the financial statement and documentation required to get the levy released.

As a general rule, we can get your IRS wage levy garnishment released within 24 hours of receiving your current financial statement.

 

An important tax return notice:

 

All your tax returns are going to have to be filed with the Internal Revenue Service as a general rule before the Internal Revenue Service will release any levy on a paycheck or wage garnishment. With or without tax records we can prepare all your back tax returns.

How will IRS close your case off of their enforcement computer?

The big question every taxpayer asks is,” how is IRS going to close my case and give me immediate tax relief.”?

After IRS reviews your current financial statement there are generally three closing methods that the Internal Revenue Service will employ.

IRS will either put you into a currently not collectible or suspended status, IRS may determine you as a monthly payment agreement or installment agreement candidate, or a taxpayer can qualify for an offer in compromise.

Two other alternatives do exist the first is the statute of limitations expiration and number to the filing of a bankruptcy.

When you call our office we will review with you every possible closing method and get you an immediate release of your wage garnishment.

We are composed of former IRS agents, managers and teachings instructors.

 

Call us today for free initial tax consultation. where local South Florida tax firm you can come by and visit our offices, Skype us or call and set up an appointment to get immediate relief from an IRS tax levy garnishment.

 

Stop a tax levy garnishment on my paycheck, former irs agents will tell you + Ft.Lauderdale, Miami, Palm Beach, Boca Raton, Aventura

Former IRS Agent, Teaching Instructor of the Offer in Compromise Program = Expert in IRS Tax Debt Settlements

Michael D. Sullivan,  Former IRS Agent,  Fox Business News Contributor, IRS Tax Debt Expert

 

Michael D. Sullivan  had a distinguished career with the Internal Revenue Service for 10 years. As a veteran IRS Revenue Officer / Agent, he served as an Offer in Compromise Tax Specialist and Large Dollar Case Specialist. He also collaborated with the U.S. Attorney’s office on undercover operations. Michael received several awards for his work and dedication as a IRS Agent.

Mr. Sullivan is one of the foremost experts in the nation and the offer in compromise program of the Internal Revenue Service. He not only worked the offers in compromise he was a certified instructor who taught qualifying agents the different points of acceptability for an offer in compromise.

Mr. Sullivan was a true expert in the field and teaches other professionals about the offer in compromise program. He is also a national speaker.

During his tenure with the IRS, he was a Certified Tax Instructor who taught out of the Atlanta Regional IRS Training Offices. He also taught out of the local and district offices of the IRS. Mr. Sullivan trained many of the new IRS Agents.

Michael has been in private practice for the last 35 years in the field of Taxpayer  Consultation for IRS Audit and Collection tax resolution issues. He often consults with corporations and individuals, which involves a wide range of tax issues.

Michael has worked many large complex cases for high net worth individuals and large corporations. Mr. Sullivan is a committed professional with dedicated involvement in the tax profession community as a frequent speaker on the South Florida circuit and also served as an officer and on the Board of the Greater South Florida Tax Council. Michael has been the program host and moderator for several Internal Revenue Service forums both in the public and professional sectors.

Mr. Sullivan is also registered with the Department of Business and Professional Regulation and has an approved class for IRS Collection Matters for Certified Public Accountants and Attorneys. Course # 0012279 expires 11/04/2019.

Mr.Sullivan also have course approval from the Florida Bar P1708462N to the members attorney and law firms who have need CPE credit for  “IRS Tax Debt Resolution”.

Mr. Sullivan has been a featured speaker in the credit card industry, student  loan and the debt settlement vertical as well. He also was one of the featured speakers at the Latino Tax Fest which also featured Nina Olsen, Nation Taxpayer Advocate.

Mr. Sullivan has also appeared on FOX BUSINESS NEWS

http://video.foxbusiness.com/v/4147654259001/tips-for-getting-through-to-the-irs/?#sp=show-clips

Mr. Sullivan has also been on NBC News, Houston

In addition, he has also contributed to Bloomberg News and the Wall Street Journal, Laura Davison, Brody Mullins.

 

Michael graduated from St. Thomas University with a B.A. in Pre-Law. He also has attended Knox Theological Seminary.

Mr. Sullivan has obtained a Life Time Achievement Award for Little League Baseball and currently sits on the International Board for the Walk to Emmaus. Michael also is a proud member of the Life Work Leadership program.

Mr. Sullivan was the former District Leader of the United Methodist Church, SE District for the Florida Conference and served on the Board of Lay Ministry.

Michael is very active in the various ministries of his church where he can be found leading and teaching Biblical Studies. He has been the Southeast Florida District Lay Leader of the United Methodist Church and the Florida Annual Conference.

Mr. Sullivan has also received  and been awarded “The Diocesan Synod Grand Patroit  Diocese Award” in Lagos. Nigeria.

Mr.Sullivan also sits on the The Mobil 1 Twelve Hours of Sebring International Raceway Advisory Council (SIRAC).

He is also an avid bass fisherman, has a commercial racing license, and can be found on occasion skydiving. He has also coached 12 of Little League Baseball, JV Football at Cardinal Gibbons High School, Roller Hockey, Flag Football, Soccer and Basketball.

Former IRS Agent, Teaching Instructor of the Offer in Compromise Program = Expert in IRS Tax Debt Settlements

Do You IRS Some Serious Bucks in Back Taxes ? Call Former IRS = Tax Problem Help + Ft. Lauderdale, Miami, Palm Beach , Boca Raton

If you owe IRS a king’s ransom call former IRS agent who can resolve any back tax problems. We can keep IRS off your back, you will never talk to them and we will settle your case, Since 1982.

 

Since 1982 we have been resolving tax debt right here in South Florida.

 

As former IRS agents, managers and teaching instructors we have over 60 years of working directly for the Internal Revenue Service right here in South Florida.

There are various means of paying back taxes to IRS. As former IRS agents we will explain your options.

 

As a former IRS agent and teaching instructor with IRS  you should know as a general rule someone with more experience will work your IRS collection case.

That person will have a lot of experience looking for assets and more carefully evaluating your current financial statement.

Your current financial statement holds the key to tax negotiation with the Internal Revenue Service.

 

Success comes by knowing the system and understanding what it takes to close an IRS case.

 

IRS takes a closer look at all cases large dollar especially the financial statements, the IRS is looking for the ability of the taxpayer to pay the back tax. As a former IRS agent this was part of my job.

One of the first tasks of IRS is to make sure all back tax returns are filed and current in the system.

IRS will not close out any open taxpayer inventory case unless all back tax returns are filed and the taxpayer is current on estimated tax payments or their withholding is up-to-date.

IRS is a stickler on this because they don’t want the problem of the back tax debt recurring.

 

So how will IRS work your case?

The Internal Revenue Service will ask the taxpayer to fill out an IRS form 433A.

You can find that on our site or on the government site. IRS will expect that form to be fully completed fully documented along with copies of the last six months bank statements, copies of all monthly expenditures,bills and a copy of pay stubs.

 

IRS will conduct a thorough review on that financial statement.

After this review of the financial statement the Internal Revenue Service generally has various buckets of closing programs that the taxpayer can be put into as a result of their current financial statement.

The importance of filling out your financial statement and giving it to IRS is the key to success and failure. I could never tell you how important the financial statement as it will determine the outcome with Internal Revenue Service.

 

Bucket One.

Currently uncollectible or hardship cases

If the Internal Revenue Service looks at your current financial statement and determines that your expenses exceed your income and you fall within the necessary means test, IRS can place your case in this non-collectible status.

There is good news and bad news within the status.

The good news is IRS will probably suspend your case between one and three years and kick it out for review a couple of years later, the bad news is the penalties and interest still run and the debt gets larger.

 

Bucket Two.

Installment agreements or monthly payments

If after the Internal Revenue Service looks at your current financial statement and they determine that you have more income than the necessary standards of meeting tests, IRS will ask for a monthly payment based on that financial statement. Hiring a tax professional can assure that IRS does not grab more money than necessary on or review of your financial statement. There are different monthly installment agreements and we will review with you your options upon your free consultation.

 

Bucket Three.

Offer in compromise

This is called the pennies on a dollar program that you see advertised on TV however the offer in compromise is not for everyone.

I am a former IRS agent and teacher of the offer in compromise.

Approximately 32,000 taxpayers a year can settle their debt for pennies on the dollar, the average settlement is $9500 a year and I caution and warn taxpayers who submit offers in compromise to go through the IRS pre-qualifier tool to find out if they can truly settle their tax debt.

As a former IRS agent I carefully will walk through your financial statement and if you have any chance of being accepted for the offer I will walk you through the program and submit the offer in compromise.

 

Bucket Four.

Statute of limitations

IRS has 10 years to collect on their back tax debt, the period starts from the date of the assessment. The date of the assessment is the time that IRS had to put your case on the computer at the start the billing process. Various factors will extend the statute such as bankruptcy, the filing of the CDP, or the filing of offer but as a general rule after the 10 year date of assessment date your case goes away by federal statute,

 

Bucket Five

Bankruptcy.

Yes, Bankruptcy, many taxpayers are unaware that you could file a bankruptcy, a chapter 7 the discharge debt.

As a general rule the taxes have to be three years or older, assessed for more than 240 days and the tax returns have to be filed for at least two years. there are also different chapters in bankruptcy such as an 11 and 13 that a taxpayer can be qualified by speaking to a true bankruptcy expert.

When you call our office we will walk you through the various programs after review of your current financial statement.

Please keep in mind that you owe over $50,000 the IRS spends a little more time in research in looking at your case.

Many agents will Google your company business or individual self, they will pull up search engine reports to find out about assets or financial histories, check out insurance policies, courthouse records, and credit reports, before they make a determination.

The credit card companies are an excellent source to run down assets, loans and find out monthly payments that you were making.Please keep in mind that IRS has a plethora of resources to make sure your financial statement is accurate and correct. We are carefully review your statement and make sure you get the best settlement possible if you will serious tax debt to the Internal Revenue Service.

Call us for a free initial tax consultation and we will walk you through the process of dealing with the Internal Revenue Service.

 

Do You IRS Some Serious Bucks in Back Taxes ? Call Former IRS = Tax Problem Help + Ft. Lauderdale, Miami, Palm Beach , Boca Raton

Owe Back Business Payroll Tax Debt IRS ? Here is What to Do + Former IRS Agents Tax Help

Get your back business payroll tax that resolved today, as former IRS agents we know the system. Settle your tax debt now.

 

Our office has over 200 years of total IRS work experience and we are true experts and how to settle your federal payroll tax debt with Internal Revenue Service.

 

IRS experts in this matter. Keep in mind if you are a corporation that the Internal Revenue Service can charge you individually for the back tax debt. This ultimately means they may be able to garnish her bank account grab your wages file a federal tax lien on you individually if the situation is not resolved.

 

We are available for free initial tax consultation. We are the fast friendly and affordable tax firm.

I am a former IRS Agent and teaching instructor of the Offer Program when formerly employed at the IRS.

We know all the systems, settlement formulas and all the methodology to get you affordable IRS tax debt relief including trust fund debt problem.

We should be able to make sure we can reach a reasonable settlement on your payroll tax liability and you can continue to operate your business without fear and worry from the Internal Revenue Service.

Please keep in mind the Internal Revenue Service will conduct a full compliance check to make sure not only your business, company or corporation is current but also your individual taxes are up-to-date.

IRS does not want to seize your business for back taxes due on payroll taxes, however 941 payroll taxes are a big concern for the IRS.

You my ask why payroll tax that is a big concern for IRS, it simply because those are trust fund taxes that is money held in trust and is not an imposition to collect taxes from a company, it’s simply returning to IRS what you have withheld from employees and matched their Social Security.

IRS has an FTD program which is called the federal tax deposit alert which warns local offices of companies that are failing to file federal tax deposits. As a former IRS agent I worked this program.

Just be advised that IRS does keep a task force available on large companies that are making federal tax deposits.

 

The Process of receiving a Payroll Tax Debt Settlement

 

The Internal Revenue Service will want to fully review your company or corporation before you can obtain in IRS payroll tax settlement.

You will need to provide IRS with the current financial statement along with proof that all payroll tax deposits and 941 tax forms have been filed.

Many times IRS will want a personal or individual financial statement for more responsible persons. For most company’s of the IRS payroll tax settlement may come in three forms.

After IRS reviews your current financial statement the Internal Revenue Service may determine that you are a hardship candidate, monthly payment agreement candidate or an offer in compromise candidate and IRS payroll settlement.

 

Other Factors To Consider

 

IRS has the right to sell your complete inventory at public auction;
IRS can seize all your accounts receivables;
IRS can hold you personally responsible for this tax;
IRS has the right to lock the doors of your business.

 

Steps to take to work out an affordable payment plan with the Internal Revenue Service:

 

Immediately stay current on all payroll tax deposits to show the IRS good faith;
Be prepared to give the IRS a current financial statement;
Make sure your personal tax liabilities are filed and paid;
Have all documentation on the financial statement prepared for the IRS.

If you do not pay your Payroll Taxes IRS can collect them from you individually
To encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP.( trust fund recovery penalty )

These payroll taxes are called trust fund taxes because you actually hold the employee’s money in trust until you make a federal tax deposit in that amount.

The TFRP may apply to you if these unpaid trust fund taxes cannot be immediately collected from the business.

The business does not have to have stopped operating in order for the TFRP to be assessed

 

BE CAREFUL Who can be Responsible for the TFRP:

 

The TFRP may be assessed against any person who:

Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and

Willfully fails to collect or pay them.

A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes.This person may be:

An officer or an employee of a corporation,

A member or employee of a partnership,

A corporate director or shareholder,

A member of a board of trustees of a nonprofit organization,

Another person with authority and control over funds to direct their disbursement,

Another corporation or third-party payer,

Payroll Service Providers (PSP) ore responsible parties within a PSP

Professional Employer Organizations (PEO) or responsible parties within a PEO, or

Responsible parties within the common law employer (client of PSP/PEO).

 

For wilfulness to exist, the responsible person:

 

Must have been, or should have been, aware of the outstanding taxes and either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).

Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of willfulness.You will be asked to complete an interview in order to determine the full scope of your duties and responsibilities.

Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.

An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather than to determine which creditors would or would not be paid.

 

Figuring the Trust Fund Amount:

The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:

The unpaid income taxes withheld, plus

The employee’s portion of the withheld FICA taxes.For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.

Assessing the TFRP.If the IRS determines that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you.You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal.

The letter will explain your appeal rights. Refer to Publication 5, Your Appeal Rights and How to Prepare a Protest if You Don’t Agree (PDF), for a clear outline of the appeals process.If you do not respond to our letter, we will assess the penalty against you and send you a Notice and Demand for Payment.

Once we assert the penalty, the IRS can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action.

Get your back business payroll tax that resolved today, as former IRS agents we know the system. Settle your tax debt now.

Ft.Lauderdale, Miami, Boca Raton + Income Tax Relief + Former IRS Agents Can Provide Income Tax Relief + IRS Tax Debt

Former IRS agents who know the system. Expert income tax relief strategies and affordable tax options from true IRS experts.  Since 1982.

 

We are a local South Florida tax firm that specialize in income tax debt relief.

We know the methodologies and all the tax settlements available to help pay or settle your IRS tax debt to the Internal Revenue Service.

You can come by our office call us on the phone or Skype us today and we will review all your options with the free tax consultation. you will hear the truth from true IRS tax experts on debt relief.

Success comes by knowing the system and understanding what it takes to close an IRS case.

 

IRS takes a closer look at all cases large dollar especially the financial statements, the IRS is looking for the ability of the taxpayer to pay the back tax. As a former IRS agent this was part of my job.

One of the first tasks of IRS is to make sure all back tax returns are filed and current in the system.

IRS will not close out any open taxpayer inventory case unless all back tax returns are filed and the taxpayer is current on estimated tax payments or their withholding is up-to-date.

IRS is a stickler on this because they don’t want the problem of the back tax debt recurring.

So how will IRS work your case on your Back Taxes

 

The Internal Revenue Service will ask the taxpayer to fill out an IRS form 433A. That is the government standard form for their financial statement.

You can find that on our site or on the government site. IRS will expect that form to be fully completed fully documented along with copies of the last six months bank statements, copies of all monthly expenditures,bills and a copy of pay stubs.

IRS will conduct a thorough review on that financial statement.

After this review of the financial statement the Internal Revenue Service generally has various buckets of closing programs that the taxpayer can be put into as a result of their current financial statement.

The importance of filling out your financial statement and giving it to IRS is the key to success and failure. I could never tell you how important the financial statement as it will determine the outcome with Internal Revenue Service.

 

Different IRS Outcomes Or closing methods by IRS.

 

Bucket One.

Currently uncollectible or hardship cases

If the Internal Revenue Service looks at your current financial statement and determines that your expenses exceed your income and you fall within the necessary means test, IRS can place your case in this non-collectible status.

There is good news and bad news within the status.

The good news is IRS will probably suspend your case between one and three years and kick it out for review a couple of years later, the bad news is the penalties and interest still run and the debt gets larger.

Bucket Two.

Installment agreements or monthly payments

If after the Internal Revenue Service looks at your current financial statement and they determine that you have more income than the necessary standards of meeting tests, IRS will ask for a monthly payment based on that financial statement. Hiring a tax professional can assure that IRS does not grab more money than necessary on or review of your financial statement. There are different monthly installment agreements and we will review with you your options upon your free consultation.

Bucket Three.

Offer in compromise

This is called the pennies on a dollar program that you see advertised on TV however the offer in compromise is not for everyone.

I am a former IRS agent and teacher of the offer in compromise.

Approximately 32,000 taxpayers a year can settle their debt for pennies on the dollar, the average settlement is $9500 a year and I caution and warn taxpayers who submit offers in compromise to go through the IRS pre-qualifier tool to find out if they can truly settle their tax debt.

As a former IRS agent I carefully will walk through your financial statement and if you have any chance of being accepted for the offer I will walk you through the program and submit the offer in compromise.

Bucket Four.

Statute of limitations

IRS has 10 years to collect on their back tax debt, the period starts from the date of the assessment. The date of the assessment is the time that IRS had to put your case on the computer at the start the billing process. Various factors will extend the statute such as bankruptcy, the filing of the CDP, or the filing of offer but as a general rule after the 10 year date of assessment date your case goes away by federal statute,

Bucket Five

Bankruptcy.

Yes, Bankruptcy, many taxpayers are unaware that you could file a bankruptcy, a chapter 7 and  discharge the debt. As a general rule the taxes have to be three years or older, assessed for more than 240 days and the tax returns have to be filed for at least two years. there are also different chapters in bankruptcy such as an 11 and 13 that a taxpayer can be qualified by speaking to a true bankruptcy expert.

 

When you call our office we will walk you through the various programs after review of your current financial statement.

Please keep in mind that you owe over $50,000 the IRS spends a little more time in research in looking at your case.

Many agents will Google your company business or individual self, they will pull up search engine reports to find out about assets or financial histories, check out insurance policies, courthouse records, and credit reports, before they make a determination.

The credit card companies are an excellent source to run down assets, loans and find out monthly payments that you were making.

 Special note:

Please make sure all your tax returns are filed when dealing with Internal Revenue Service. IRS will flat-out reject working your case or taking it off the enforcement computer unless all your tax returns are up to date. IRS always conducts a full compliance check when working any open IRS collection case in inventory.

 

Ft.Lauderdale, Miami, Boca Raton + Income Tax Relief + Former IRS Agents Can Provide Income Tax Relief + IRS Tax Debt