Posts

Best IRS Tax Audit Defense Help + Former IRS Agents + We Know the System + Christian Tax Services Company, CPA’s

IRS Tax Audit Help – Have Former IRS Agents defend your Tax Audit, We Know the System <><

 

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

We have 205 years of direct tax experience, 60 years of working for the IRS in the local, district and regional offices.  Being former IRS agent managers and supervisors in the audit division gives us a unique advantage & can change the result of an IRS tax audit.

We worked as Agents, Instructors and in Management.

We know the settlement techniques and formulas to save your money.We can represent you whether you have a mail correspondence audit, common office audit or a business tax audit with an IRS revenue agent. you should never speak to IRS regarding an audit unless you contact a professional unless you’re absolutely sure your tax return is sparkling clean in that case there is nothing wrong with you representing yourself.

If you think you have any skeletons on the tax return you would be a fool to move forward. IRS will not only audit that one year but they have the ability to go back three years and move forward as well. Don’t be falling in the trap of self representation in less you know your tax return is worry free.

Be worry free, call us today.

We are a Christian tax firm and please feel free to ask us about our faith when you call.

 

We are one of the nations most experienced IRS Tax audit help firms.

It only makes sense to have Former IRS Agents and IRS Tax Audit Managers handle your IRS tax audit and give you the most experienced and successful IRS Tax Audit Help.

Facts about IRS Tax Audits:

 

  • The IRS audits a total of 1,391,581 tax returns a year.
  • The IRS field agents complete more than 310,000 audits by office or business visits a year.
  • The IRS completes over 1,081,152 correspondence audits a year.
  • IRS has installed new software tracking systems with the development of the CADE 2 computer to spot and recognize tax audits more proficiently
  • IRS collected over $10 billion dollars a year from IRS tax audits.
  • IRS employs over 13,000 IRS auditors.
  • $5.2billion dollars are collected through the IRS document matching program.
  • For truly professional IRS Tax Audit help contact former IRS Agents and Managers.

 

IRS Policy Statement P-4-21. It states “The primary objective in selecting returns for examination is to promote the highest degree of voluntary compliance on the part of taxpayers.”

 

The IRS Tax Audit Examination Plan

 

The plan that is used by the IRS is based on long range coverage planning, and objectives on the resources requested in the Congressional Budget. From this, there is an established plan where staff years are allocated to all area IRS offices using resource allocation and a prescribed methodology. Each Area Manager of the IRS is responsible for preparing an area response following instructions from the National Headquarters.

 

Staffing for the IRS Tax Audit

 

Staffing is based on the examination priorities that differs from office to office and region to region, front loaded programs set up before hand, historic examination rates adjusted to yield sure ended results and audits that match experience of the personnel. Each region is excepted to produce tax audits and money from tax audits. IRS is funded thru results.

 

Why the IRS Audits Tax Returns

 

a. Front Loaded Programs

Front Loaded programs are those tax audits that IRS DC headquarters has determined are very important and a considerable amount of time must be spent on these programs and activities. Each area has discussions within management as to what the programs should be for each region, district, and office.

Some of the programs are:

 

  • Special enforcement programs – An example of this may be compliance of all flee market vendors, a program I was involved with
  • High Income non-filers – The IRS would get their information from a match program of w-2’s and 1099’s and match up social security numbers against filed returns
  • Abusive Tax Avoidance – This could be in the area of offshore activities
  • Offshore credit card program
  • National Research programs – Those set forth by management after doing a trends project
  • FBAR filing  – IRS is currently targeting those with overseas bank accounts
  • Non- filers  –  IRS is presently forming a task force to seek non-filers though aggressive means.

 

 

b. The IRS makes sure there is balanced coverage.

 

The National Office makes sure there is a balanced approach for audit return delivery and tax compliance. Resources and inventory and the size of personnel all go into this formula. The focus is blended into these areas:

  1. Individual returns less than $100,000.
  2. Individual returns greater than $100,000 but less than $200,000.
  3. Individual returns greater than $ 200,000.
  4. Small Business Corporations.
  5. Small Business Flow-Through Entities – S Corporations, Fiduciaries and Partnerships.

 

c. Classification Plan

 

The IRS will prepare a plan, which is classified. A National DIF score indicator is placed on all Federal Income tax returns that are filed. Each tax return has certain factors that contribute to its score such as Gross Income, Adjusted Gross Income and line item expense.

There are several classified secrets that go into the DIF score.

Each tax return is processed through the IRS computer line item by line item.

A DIF score label is placed on every tax return with its DIF number. A tax examiner or Revenue Agent manually eyeballs each and every tax return with a high DIF score.The examiner then determine which return has the highest probability of tax audit success.

 

d. DIF Cutoff Score

The IRS will calculate the Area DIF cutoff score for each activity code, giving consideration to the selection rate. This is the lowest DIF score necessary to secure the number of returns required for audit. For example, if the return plan shows 225 returns for an activity code and the selection rate is 70%,  the IRS will need to order 321 returns (225/70%).

The DIF Cut off Score is 500. The number of returns with DIF scores greater than 550 is 280, which is less than the number of returns required, so the lowest DIF score on an ordered return will be in the range of 500 to 550 and the DIF cutoff score is 500. This is the IRS example as found in the IRS IRM section 4.

 

e. Where your case is worked

Examination inventory is assigned to IRS offices based on ZIP codes, using the Look up Tables at Martinsburg Computing Center.

 

f. High Assault Risk Areas

Certain ZIP code areas are identified as High Assault Risk Areas. There are special instructions the IRS has regarding these audits. These returns will be audited.

 

Survey of Examination Cases. The IRS can look over your case and close it with an eyeball look.

 

  1. While cases should be selected and started in accordance with all guidelines, in a limited number of circumstances, there may be returns that appear in the “judgment of the examiner and manager” to warrant survey without taxpayer contact. That is to not even contact the taxpayer.
  2. Cases delivered to the IRS area manager will generally fall into one of three categories: mandatory work, strategic (priority program) work, and non-strategic work.
    1. Mandatory work includes nationally-coordinated research projects such as NRP and employee audits (excludes “new” IRS employee audits)
    2. Strategic work is identified annually in the Exam Program Letter which can be found at http://sbse.web.irs.gov/Exam/. The procedures to survey strategic work and referrals from other business units, “new” employee audits and cases with previous taxpayer contact require an explanation for the rationale for the survey.
    3. Cases that are not mandatory work, strategic work, a referral from another business unit, and are not part of an employee examination or research study may be surveyed based upon the professional judgment of the examiner with concurrence of the immediate supervisor.
  3. Here are some factors to consider when determining whether to survey strategic work:
    1. Taxpayer is in bankruptcy
    2. Taxpayer has suffered an extreme hardship or illness
    3. Taxpayer is deceased, or
    4. Examiner has additional information that was not available during classification
    5. This is in the complete judgment of the IRS tax auditor

From year to year the IRS changes their programs to keep everyone honest. However, after years of experience, a trained eye can know what tax returns will be pulled for audit.

 

Why use former IRS agents for IRS tax audit help

 

Being former IRS agents we know all the protocols, all the theories, all the settlement formulas and all the tax procedures the IRS will use for a IRS tax audit.

While most tax professionals learn their IRS Audit skill during on-the-job training, former IRS agents and managers actually know the insider programs and insider secrets to successful tax audits.

The team of tax professionals we have at fresh start tax not only were former IRS agents and managers but were former instructors with the Internal Revenue Service not only taught a local office but also taught in the district and regional IRS offices as well.

We are one of the most experienced tax firms when it comes to IRS tax audit help.

If you’re got a hire a professional tax firm is wise to hire  certified public accountant or former IRS agents and managers who can provide you the very best IRS tax audit help.There are many excellent tax firms to help you through this problem make sure you check on their experience and their Better Business Bureau rating.

 

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

National Expert For the Offer in Compromise = Former IRS Agent, Michael D. Sullivan

 

My name is Michael Sullivan I am a true offer and compromise specialist who have worked thousands of Internal Revenue Service collection cases.

 

I am a national expert for the offer in compromise.

As I read some of the print another tax  resolution companies I almost find it laughable that they are experts in the offer in compromise. Unless you know the internal workings of the Internal Revenue Service, the standards and the methodologies and how the service thinks and processes the offer in compromise you have no understanding how the offer in compromise works within the system of the Department of treasury.

This gives us a unique advantage in filing an offer in compromise and making sure if you are a qualified candidate it can be accepted for the lowest possible dollar amount.

We do not file an offer in compromise at her farm unless we know you are a qualified candidate for the offer in compromise.

Simply put, I know the system inside and out.

What  makes my claim to be a certified IRS instructor of the offer in compromise is the very fact that I was picked by the Department of treasury, the Internal Revenue Service to teach offers in compromise within the Department of treasury.

Besides this I am certified by the bar, Board of  professional  regulation to teach this to attorneys, CPAs, enrolled agents and all those who need professional tax credit.

I also have spoken at the same conference is Nina Olson the National taxpayers advocate. is

That’s as certified as you can get.

Not only did I accept and reject offers in compromise, I was also a teaching instructor at the service center to help qualified revenue officers decide which offers to accept and reject.

Given the above information, I can tell you I am a true expert for the IRS offer in compromise and I wish to explain to you whether an offer in compromise is a viable option for you.

 

Due to social media, marketing and advertising the assumption by the general public is that IRS can settle tax debt for pennies on the dollar.

Let me first let you know that IRS does accept offers in compromise and as a matter of fact last year approximately 32,000 offers in compromise were accepted out of the 78,000 that were filed. That number varies from year to year but the percentages usually remain the same of acceptability.

The average settlement was $9500 per case but remember that is just an average in not everybody can settle their tax debt for $9500.

There is much information you need to know before you go off filing an offer of compromise and giving your money to some firm to try to pull off some amazing trick because you have been sold a bill of goods and bought in to some marketing ploy and they’ve convinced you are a settlement candidate.

It first starts with the review of your personal financial statement which is found on the 433 OIC.

When the offer in compromise gets sent in to the Internal Revenue Service it is met with the reviewer that make sure that you are truly qualified candidate for the offer in compromise program.

That reviewer checks the completed form to make sure it is a valid agreement. The offer in compromise is a legal document between you and the Internal Revenue Service. If IRS were to accept the offer and the next day you win the lottery the accepted offer still stands.

Also reviewer make sure that all the documentation is attached so that the revenue officer who will work your offer in compromise can move forward.

Approximately one third of all offers in compromise are sent back to the taxpayer because the offers are not filled out correctly or the appropriate documentation is not attached.

IRS will check to make sure all your tax returns are current and filed on the IRS system.It is critically important you know that you must have all tax returns filed before IRS will process your offer.

You should know that the Internal Revenue Service rejects an offer before it accepts an offer. one of the basic rules is that the revenue officer is lazy and is easier to mark rejected then they go through all the work of accepting an offer in compromise. I should know this is a former instructor of the offer in compromise I see many are revenue officers simply send offers back because some of the eyes were not dotted in the T’s were not crossed.

Due to the volume of cases the IRS has, which is over 7500 cases waiting in the IRS Q, is far easier for the IRS to say no then to accept because an average of anywhere between 20 and 40 hours are spent on accepting the offer in compromise. If you have an offer in compromise accepted, four signatures are generally required for signature as it goes up and down the chain.

 

So how do you know if the offer in compromise is right for you.

Call for a free initial tax consultation and hear the truth from a true IRS tax debt settlement former agent.

 

The first place to go is to fill out the IRS pre-qualifier tool for the offer in compromise. Because of so many scrupulous tax companies that have been ripping people off, the IRS wanted to make sure the general public has a tool that they can use to find out if they are prequalified to file the offer in compromise to make sure it is a viable option.

It contains all the necessary information in regard to your income, your expenses and your assets and it predetermined for you whether the offer in compromise is even a viable option for you.

IRS will take a very close look at the liquidity of your assets, your current income, and your monthly expenses before it renders a decision as IRS wants to make sure it collects all the money from you that they can within the 10 year statutory period of time.

One of the questions the agent will want to consider is, can we collect more money over 10 years than accept the current agreement on the table for the IRS offer in compromise.

As a general rule, you will have to give IRS your total liquidity of all your assets before they will even consider the acceptance of an offer in compromise.

IRS on larger dollar cases is a tremendous amount of due diligence. The IRS has a wealth of information on the various computers they can use to dig and find assets or income.

Why? you may ask is because all offers in compromise are open for public inspections at eight regional offices throughout the United States.

Your offer in compromise must be thoroughly documented which includes all your bank statements for the last six months to a year, all your pay stubs, all your monthly expenses along with certain documentation for assets that have value.

IRS also takes a look at the values of your pensions, your IRA, your business as well.

 

The offer in compromise is one of the most reviewed documents, it is like going through a mini audit.

 

Some of the due diligence that IRS will conduct on a larger dollar cases is checking Google, the accurate search engine, Department of Motor Vehicles, real estate records, insurance policies, credit reports, loan applications, insurance policies, and inter-government agency records including those garnered by Homeland security and other such agencies.

Before you contemplate filing the offer in compromise and wasting your money on a company that has promised you they can settle your case for pennies on the dollar, you would be wise to give us a call to have an actual former IRS agent and teaching instructor of the offer in compromise give you the green light.

When you call our office you will speak to true IRS tax experts who knows the system and can tell you what to expect and tell you how to settle for the lowest amount possible.

Call us today for a free initial tax consultation, you will hear nothing but the truth from former IRS agents who know and understand the methodologies of the offer in compromise to make sure it is right for you.

Please also be advised the offer in compromise is not suitable for everybody. You must be a qualified candidate or you’re wasting your money.

 

National Expert For the Offer in Compromise = Former IRS Agent

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

Paying Off Back Tax Debt, How Can I Resolve My Tax Debt + Former IRS Explains

Paying off back tax debt, find out the different choices to permanently resolve your  tax debt. Since 1982

 

We have worked thousands of cases since 1982 in our true IRS tax specialty experts on back taxes and on filing tax returns.

We are a national tax firm that have been representing taxpayers across the country since 1982.

 

There are various means of paying back taxes to IRS. As former IRS agents we will explain your options and choices. A tax settlement may be in your future.

 

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.The value of the preparation of this financial statement cannot be understated. Your whole case rests on the review of the statement.

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.

How will IRS work your case?

 

The Internal Revenue Service will ask the taxpayer to fill out an IRS form 433A. If the cases worked out of the ACS or the automatic collection systems unit the 433F may be used. is the shorter version of the longer 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. That financial statement holds the key to success on your case therefore the filling out the documentation the analysis and what goes on this statement is paramount.

The internal revenue service can go through great lengths to do due diligence on your case. They have many search engines at their disposal.

They will check Department of motor vehicle,records public records, credit reports, insurance policies and a plethora of other information found on internal systems used by different federal and state government agencies.

IRS knows much more about you than you can possibly imagine. You must make sure you still out your financial statement truthfully and accurately. That’s why it is best a true tax professional provide the necessary tax help to resolve your problem.

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.

IRS has to choose one of various closing methods to take your case off of the IRS enforcement computer. I call these methods of closure bucket

IRS will dispose of your case after a careful review and put it in some of the most common categories which are listed below.

 

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. When calling our office you will speak to true IRS tax experts.

 

Call us for a free initial tax consultation and we will walk you through the process of dealing with the Internal Revenue Service. Paying off back tax debt involves an assertive strategy. We will review with you your choices and your options to completely solve your IRS situation.

 

Paying Off Back Tax Debt, How Can I Resolve My Tax Debt + Former IRS Explains

IRS TAX PROBLEMS ON BACK DEBT DONT GO AWAY BY THEMSELVES, former irs

 

As a former IRS agent I can tell you many taxpayers are like ostriches, they hide their head in the sand hoping the IRS will lose your case file.

 

I can tell you that will never happen. At some point in time if you owe back taxes you will have to deal with your IRS problem.

 

If this is the case it’s best to be assertive, have a definitive plan and hire a true tax professional who can handle the problem so you can move on with your life and never have to worry about the mail, knock on the door, a levy at the bank, or your wages gone at work.

The bottom line is, IRS isn’t going away. You have to make them go away.You must have a plan of action to successfully deal with back IRS tax debt. There is a way, there is a system, and there are affordable options to take care of this problem once and for all.

 

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 , more attention is given to taxpayers who owe larger dollars to the IRS.

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. Sometimes the IRS may ask for a form 433F.

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. This current financial statement is the key to working your case and the key to success.

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 discharger 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.Like I said before this is a critical form that IRS is using to determine the outcome of your case.

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.

Call us for a free initial tax consultation and we will walk you through the process of dealing with the Internal Revenue Service. We are true IRS tax debt experts on back taxes, unfiled tax returns, and IRS tax debt negotiations.

 

 

IRS TAX PROBLEMS ON BACK DEBT DONT GO AWAY BY THEMSELVES, former irs

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