Virginia IRS Tax Debt Relief – Affordable IRS Help – IRS Tax Attorneys – Expert IRS Income Tax Relief Team

Flat Fee Tax Service, Inc. provides IRS income tax help in Virginia and throughout the United States. Our IRS Tax Relief Team is Fast, Friendly and Affordable. The IRS Tax Attorneys at Flat Fee Tax Service, Inc. work directly with you and are Licensed and IRS Certified to practice in all fifty (50) states.

Our team of dedicated IRS income tax relief professionals can get you immediate IRS Tax Debt Relief. Our experienced IRS Tax Attorneys know all the tax procedures. Our years of experience will work for you.

STOP, REMOVE & RELEASE AN IRS WAGE LEVY IN ONE DAY

Virginia Beach, Chesapeake, Richmond, Newport News, Portsmouth

IRS INCOME TAX DEBT EXPERTS

Flat Fee Tax Service, Inc. Procedures – IRS Tax Debt Relief  

How our IRS Tax Resolution Team Will Settle and Negotiate your case with the Internal Revenue Service:

1. Our IRS Tax Attorneys immediately send a power of attorney to the IRS letting them know that you, the financially struggling taxpayer, have an income tax representative. You will never have to speak to the IRS.

2. Our IRS Tax Attorneys and our income tax preparation department will make sure all your tax returns are filed and current. If your income tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant. Our expert tax relief team can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.

3. If the IRS requires a current financial statement our IRS Tax Attorney, working with you, will secure a required 433-A (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.

An IRS Income Tax Settlement Agreements can be in different forms:

a. An IRS Hardship Settlement – Cases usually go into a 3 year suspended status because of an inability to pay. This is formally called currently non collectable or CNC. Your case will go into a hardship status because the taxpayer does not have the income coming in to meet his/her current expenses. The IRS will use the National Standards Program to assess hardship of a financially struggling taxpayer.

b. IRS Payment Agreements – Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required. Remember this: Anyone can agree to a very bad IRS Installment Agreement. An IRS Tax Relief Professional will get you the best deal possible.

c. IRS Offer in Compromise (OIC). There are three types of IRS Settlements:

The IRS may accept an Offer in Compromise based on three grounds:

1. Doubt as to Collect Ability – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.

2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:

(1) the examiner made a mistake interpreting the law,

(2) the examiner failed to consider the taxpayer’s evidence or

(3) the taxpayer has new evidence.

3. Effective Tax Administration / Exceptional Circumstances – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider a settlement through the Offer in Compromise program. To be eligible for a settlement compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable

4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.

The only settlement circumstance you should be concerned with is “Doubt as to Collectablity.

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FOR YOUR FREE & CONFIDENTIAL CONSULTATION

FLAT FEE TAX SERVICE, INC.:

  1. Guided by our Christian Values is why we do not have client complaints.
  2. Accredited by the Better Business Bureau. A Plus Rating. Read our BBB testimonials for yourself.
  3. IRS Tax Attorneys work directly with you.
  4. IRS Wage Levies are stopped, removed and released in one (1) day.
  5. 90% of our clients who have submitted an IRS settlement have received a successful Offer in Compromise.
  6. Flat, Low and Affordable Fees that can be stretched out over 10 months.

See our home page for more details about Flat Fee Tax Service, Inc.

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How Much Money will the IRS Settle For? How Much will a Taxpayer Settle in an Offer in Compromise?

The average amount that the IRS settles for in an offer in compromise is currently $6,629.  Sounds good, does it not? If only an IRS settlement was that easy, every taxpayer would be submitting IRS settlements, right?

These are the facts. In 2014, the IRS received 68,000 offers in compromise from taxpayers. The IRS accepted 27,000 of those settlement offers. The IRS accepted 40% of the settlement offers submitted.

FLAT FEE TAX SERVICE, INC.’S CLIENTS HAVE A 90% SUCCESS RATE 

The total amount accepted in all Offers in Compromise in 2014 was $179 million which is an average income tax settlement of $6,629.

The above statistics does not mean that a financially struggling taxpayer will settle with the IRS for that amount, or that there is a 40% chance your IRS settlement offer will be accepted.

The IRS uses a very specific and complicated formula in determining the settlement value of an Offer in Compromise and whether or not to accept or reject it.  Your success depends on how a taxpayer fits into the IRS formula.

The IRS Offer in Compromise program formula works like this:

  1. The IRS will figure out how much they think that a taxpayer can pay them every month in an installment agreement. They do this by asking for your pay stubs or, if you are self-employed, a recent profit and loss statement from your business.
  2. The IRS wants to know about your monthly living expenses.  Some of those expenses such as your housing and utilities, car payment(s) and food/clothing will subject to IRS limitations. The IRS calls these limitations Collection Financial Standards, often referred to as allowable living expenses. The IRS is trying to create more cash flow than the struggling taxpayer will actually have by limiting the expenses to amounts the IRS thinks are reasonable.

The taxpayer’s monthly income, minus the allowable living expenses, equals the taxpayer’s monthly cash flow.  The IRS is going to put a value on the cash flow for purposes of determining the Offer in Compromise settlement value.

If the taxpayer can pay the IRS the offered settlement within five months after acceptance, the IRS values your monthly cash flow by multiplying it by a factor of 12. $200 of monthly cash flow will equate to an offered settlement valuation of $2,400.

If the taxpayer is unable to pay the settlement in full within five months, the IRS will grant you 24 months payment terms. However, your monthly cash flow ($200/month in our example) would be multiplied by a factor of 24, increasing the settlement offer to $4,800. The IRS will give the taxpayer a discount for paying the IRS the offer settlement sooner rather than later.

After determining the value of the settlement offer, the IRS will then turn to a valuation of the taxpayers assets, and add that to the value of your cash flow.  How much is your “stuff” worth?  Your car, house, retirement plan?  Subtract any loans to arrive at equity, and in most cases, reduce that by 20% to get to your IRS valuation.

Add your cash flow (multiplied by a factor of 12 or 24) to your asset value, and you have your proposed IRS settlement amount.

The taxpayer’s success with an offer in compromise is based on a full understanding of the IRS investigative process into the income, living expenses and assets of the taxpayer. It is not a one size fits all situation. The amount of one taxpayer’s settlement has no bearing on the success of another taxpayer.  The IRS does not have a set percentage of settlement to the amount owed.  

The taxpayer’s settlement offer depends on convincing the IRS that your financial situation is dismal and that the IRS will never get paid after applying their internal guidelines.

ARE YOU READY FOR A FRESH START?

FREE & CONFIDENTIAL CONSULTATION

1-800-589-3078

FLAT FEE TAX SERVICE, INC.:

  1. Guided by our Christian Values is the reason we do not have client complaints.
  2. Accredited by the Better Business Bureau. A Plus Rating. Check our testimonials on the BBB website.
  3. Experienced IRS Income Tax Attorneys work directly with you.
  4. Stop, Remove, Release an IRS wage levy in one (1) day.
  5. 90% of our clients who have submitted an IRS Offer in Compromise have received a successful IRS settlement.
  6. Low, Affordable Fees. 10 to 12 months to pay our fees.
  7. Our Clients Receive Positive Results.

“America’s Best & Most Affordable IRS Income Tax Relief Team”

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Guide to Employers & Human Resource Managers Who Have an Employee with an IRS Wage Levy – Flat Fee Tax Service

As  an employer or human resource manager, you may have received an IRS notice to levy one of your employees. The employee with the IRS income tax problem may be valuable to your operation. You don’t want to lose your employee. What do you need to do?

The IRS has strict and immediate time constraints for complying with the order to seize your employee’s wages. With the proper representation, your employee can have the IRS wage levy stopped, avoided and released in 1 day.

Under Internal Revenue Code section 6331, the IRS may issue a levy for the purpose of seizing a taxpayer’s property to satisfy unpaid and overdue income tax debt. This is done by sending you, the employer, an IRS Form 668-W(c).

Our job at Flat Fee Tax Service, Inc. is to have the IRS stop the wage levy within 24 hours. Our IRS tax relief team will have the IRS issue a release of levy by sending you, the employer, IRS Form 668-D (Release of Levy).

Your employee, who you do not want to lose, may be eligible to settle their IRS income tax debt. At the very minimum, our team of IRS tax resolution experts will negotiate a manageable IRS installment agreement. At best, your employee will have their income tax debt settled for far less than what is owed.

As an employer of someone with an IRS problem, please, do not try and outwit the IRS. If your employee obtains expert tax income relief representation, it isn’t necessary to try and get around the levy. If you do get caught non-complying with a wage levy order and refuse to surrender any property subject to the levy, the employer can become personally liable for your employees income tax debt. In addition, a penalty up to 50% may be added to the income tax debt.

The IRS Tax Attorneys at Flat Fee Tax Service, Inc. have never failed to stop, avoid and release an IRS wage levy. Your employee has rights. Our tax relief team will protect your employee from the wage levy. As previously written, your employee may also be eligible to settle with the IRS through the Offer in Compromise program.

FOR A FREE & CONFIDENTIAL CONSULATION

CALL:

1-800-589-3078

DON’T LOSE YOUR EMPLOYEE

FLAT FEE TAX SERVICE, INC.:

  1. Guided by our Christian Values. That’s why we do not have Client Complaints.
  2. Accredited by the Better Business Bureau. A Plus Rating. Check out our BBB testimonials.
  3. Experienced IRS Tax Attorneys work directly with you.
  4. IRS Wage Levies Stopped, Avoided and Released in 1 Day.
  5. 90% of our Clients who have submitted an Offer in Compromise have received a successful IRS Settlement.
  6. Low, Flat and Affordable Fees. Fees can be stretched up to 10 or 12 months.
  7. Our Clients Receive Positive Results.

http://www.flatfeetaxservice.us

“America’s Best & Most Affordable IRS Income Tax Relief Team”

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IRS Enforcement Collection Activity – IRS Levies – IRS Levy Stopped, Released and Avoided

Most of our clients at Flat Fee Tax Service, Inc. never intended for their income tax debt problem to get this far. When they file their tax returns in April, they always think, “I’ll pay this off in a month or two.” Like many Americans who are financially struggling, their good intentions fell by the wayside as other urgent financial obligations arose and his unpaid balance at the IRS remained unpaid longer than they intended it to. The IRS has sent out their notices, but most taxpayers either still believe they had time (the notice said so!) or that the IRS may miraculously forget the tax debt. The IRS has a progression of enforcement / collection notices. IRS notices are sent in an order. Those IRS notices will get more serious, and you will finally realize the IRS is very serious about the liens and levies being threatened in the notices. Most taxpayers in this very serious situation will not know what to do.

Every year, millions of Americans experience federal tax liens and levies (bank and wages). The good news is that if you’re like the 20,000,000 other taxpayers with an IRS problem and you’re facing this unpleasant situation, you can avoid IRS collection actions.

How the IRS Issues Levies:

To satisfy unpaid taxes, the IRS will issue a levy to take a taxpayer’s income and assets. Income and assets can be: wages, paychecks, stocks, bonds, checking accounts, savings accounts, Social Security and Veteran’s pensions. The process follows several steps. First, the IRS is required by law to provide the taxpayer with:

  • Notice and demand for payment
  • Notice of intent to levy
  • Notice of a right to a Collection Due Process

THESE NOTICES CAN BE SENT TO ANY ADDRESS THAT THE IRS HAS ON FILE FOR YOU.

YOU MAY NEVER HAVE RECEIVED ANY NOTICE AT ALL.

For most taxpayers, the IRS accomplishes these requirements by sending five letters, starting about six weeks after the taxpayer files a return. The five letters are often referred to as the automated collection “notice stream” (notice numbers CP14, CP501, CP503, CP504, and L1058/LT11). If the delinquent taxpayer receives the last notice and doesn’t pay the balance or make other arrangements to pay the balance, the IRS can levy the taxpayer’s income and assets, including garnishing wages and/or self-employment income and seizing funds in bank accounts. In 2012 alone, the IRS issued almost 3 million levies to taxpayers.

How to Have an IRS Levy Stopped, Released and Avoided:

If you know you owe the IRS for an income tax balance (meaning the IRS didn’t make a mistake, you filed the return correctly, and the balance can’t be reduced by filing an amendment), there is one way to avoid a levy, and it’s the same way to remove the levy: Get into an agreement with the IRS to pay the balance.

This means you’ll need to analyze your financial situation and ability to pay the IRS. In some cases, you may need to get help from a tax professional.

One simple, common solution is an extension of time to pay the balance in full. Extensions allow you up to 120 days to pay the balance and avoid a levy.

BEFORE YOU GET YOURSELF INTO AN EXTENSION, CONSULT WITH AN IRS TAX PROFESSIONAL.

If you can’t pay with an extension, you can request an installment agreement to make monthly payments, or you can request currently not collectible status, which officially classifies you as temporarily unable to pay. Requests for both of these agreements will suspend levy actions. Once the installment agreement is accepted, the IRS will not issue a levy unless you default on the agreement. If the IRS places you in currently not collectible status, your assets won’t be levied; however, be aware that the IRS can remove the currently not collectible status in the future if the IRS determines that you can pay the tax balance.

BEFORE YOU GET YOURSELF INTO AN INSTALLMENT AGREEMENT

CONSULT AN IRS TAX PROFESSIONAL

The IRS offer in compromise (OIC) is a collection alternative that settles a taxpayer’s tax debt for less than the amount owed, and it also suspends levy actions. IRS Offer in Compromise (OIC) acceptance not as rare as in previous years. Currently, the IRS has been accepting 46% of the settlement offers submitted.

90% of Flat Fee Tax Service, Inc.’s Clients Have Had Successful Offers in Compromise.

Financially struggling taxpayers need to contact a reputable IRS Tax Professional to see if they are qualified and eligible to settle with the IRS for less. Have your IRS settlement prepared by an experienced IRS Tax Professional because if the IRS rejects your settlement offer, you’ll need to set up an alternative agreement to avoid a levy.

It’s important to note that if the IRS determines that you are purposely delaying the collection process, the IRS can use liens and/or levies even while it considers your request for a collection alternative. This often happens when a taxpayer has multiple tax years with an unpaid balance or has requested numerous collection agreements that the IRS has denied.

YOUR CALL TO ACTION:

1-800-589-3078

FLAT FEE TAX SERVICE, INC.:

  1. Guided by our Christian Values.
  2. Accredited by the Better Business Bureau. A Plus Rating.
  3. No Client Complaints.
  4. Experienced IRS Tax Attorneys Work Directly with You.
  5. IRS Levies can be Stopped in a matter of Hours.
  6. 90% of our clients Offer in Compromise submissions have been accepted for IRS Settlement.
  7. We have Low, Affordable Fees. Fees are Clearly Posted on our Websites.
  8. Our Clients get Positive Results.

http://www.flatfeetaxservice.us

Atlanta IRS Income Tax Help – IRS Tax Attorney to Stop IRS Levy – Prepare Tax Returns – Settle with the IRS

Taxpayers in Atlanta (and throughout the State of Georgia), who have IRS Income Tax problems, have a friend in Flat Fee Tax Service, Inc. Our IRS tax relief team provides individual taxpayers with expert tax resolution help.

If you have an IRS income tax debt, most likely, you will find yourself with an IRS levy (wages or bank levy) at some point. You may have missing tax returns and are accruing huge penalties for non-filing. If you owe more than $10,000, you may be able to settle your IRS income tax debt for very little.

All of your IRS problems can be “fixed.” Your IRS problems can be solved by an IRS tax relief team that has an impeccable record. Your IRS income tax problems can be resolved for one low fee.

PUT OUT YOUR IRS FIRE TODAY

Flat Fee Tax Service, Inc. has a program that provides struggling taxpayers, who have a limited budget, to get the expert IRS help that they need and require. Our fees are posted on our websites for the world to see, but, we will reiterate them here for you.

1. Have your IRS Levy stopped and released.

2. Have up to 3 of your missing income tax returns prepared.

3. Settle your IRS income tax debt through the Offer in Compromise program.

ALL OF THIS WORK AT ONE LOW FEE: $1900

FEES ARE STRETCHED OVER 10 MONTHS ($190 PER MONTH)

YOUR CALL TO ACTION:

1-800-589-3078

http://www.flatfeetaxservice.us

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Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Final Notice of Intent to Levy – Flat Fee Tax Service – Stop an IRS Wage Levy in One Day

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Final Notice of Intent to Levy – Flat Fee Tax Service – Stop an IRS Wage Levy in One Day.

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Fresh Start Initiative Provides Taxpayers With IRS Settlement – Flat Fee Tax Service Gives You That Hope

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Fresh Start Initiative Provides Taxpayers With IRS Settlement – Flat Fee Tax Service Gives You That Hope.

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Offer in Compromise – You Can Get A Fresh Start – Are You Eligible – Flat Fee Tax Service

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Offer in Compromise – You Can Get A Fresh Start – Are You Eligible – Flat Fee Tax Service.

IRS To Struggling Taxpayers – Let’s Make A Deal – Want A Fresh Start – Now Is The Time

Are you, a financially struggling taxpayer, at loggerheads with the IRS over a tax return(s) from years ago? Your delinquent tax debt may be weighing on your mind, causing you anxiety and sleepless nights, but there’s a way you can put the matter to rest for good.

Your Fresh Start Strategy: Make the IRS an offer it can’t refuse.

The technical name given by the IRS for such a settlement arrangement is an “offer in compromise” (OIC).

The IRS is willing to go along with a settlement deal, but it won’t budge on the procedures. You must submit a formal settlement which is called an Offer in Compromise.

The IRS Tax Relief Team at Flat Fee Tax Service, Inc. has a 95% success rate because we do not lie to our clients and give them false hope. Our IRS Tax Attorneys know what the IRS will accept as a settlement of your back tax debt.

Here’s the whole story: An Offer in Compromise settlement is an agreement between a financially struggling taxpayer and the IRS. A successful Offer in Compromise will settle for less than the full amount of back tax owed. If the liability can be fully paid through a normal installment agreement or other means, the taxpayer generally isn’t eligible for an Offer in Compromise.

You must be qualified and eligible. You, the struggling taxpayer, must have filed all tax returns, made all required estimated tax payments for the current year and deposited payroll taxes for the current quarter if he or she is a business owner.

An Offer in Compromise Settlement Is A Financial Formula.

The IRS will accept an Offer in Compromise settlement if the amount offered by the taxpayer is equal to or greater than what is termed, the “reasonable collection potential” (RCP).

The RCP includes the value that may be realized from the tax­­­­payer’s assets—such as real property, automobiles, bank accounts and other property—as well as anticipated future income (less certain amounts allowed for basic living expenses).

There Are Three (3) Reasons For An Offer In Compromise.

The IRS says it may accept an OIC based on three grounds.

1. Doubt as to Liability: This ground is only met when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.

2. Doubt as to Collectibility: Doubt that the amount owed is fully collectible: Such doubt exists where the taxpayer’s assets and income are less than the full amount of the tax liability.

3. Effective Tax Administration: This occurs when there’s no doubt that the tax is legally owed and that the full amount owed may be collected, but requiring payment in full would create an economic hardship or be “unfair and inequitable” under the circumstances.

THE ONLY REASON THAT YOU NEED TO BE CONCERNED WITH IS: DOUBT AS TO COLLECTIBILITY.

When submitting your Offer in Compromise (OIC) based on doubt of collectability, you must use the most current version of Form 656, Offer in Compromise.

Financial Statements: You will need to submit Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or Form 433-B (OIC), Collection Information Statement for Businesses.

When the IRS accepts your settlement offer, the IRS expects that you, the taxpayer, will have no further delinquencies and will fully comply with the tax laws. You will be required to file your taxes on time for five (5) straight years. If you owe the IRS any money ($), you will have to pay it with your tax return.

If you, the struggling taxpayer, doesn’t abide by all the terms and conditions of your successful Offer in Compromise settlement, the IRS may determine that your OIC is in default. If the IRS rejects your OIC, the taxpayer will be notified by mail.

Tip: The letter will explain the reason for the rejection and provide detailed instructions on how to appeal.

What does an Offer in Compromise cost?

Generally, a taxpayer must submit a $186 application fee for an OIC. Don’t combine this fee with any other tax payments. However, there are two exceptions to this requirement.

1. No application fee is required if the OIC is based on doubt as to liability.

2. The fee is not required if the taxpayer is an individual (not a corporation, partnership, or other entity) who qualifies for the low-income exception.

The latter exception applies if the taxpayer’s total monthly income falls at or below 250% of the poverty guidelines published by the U.S. Department of Health and Human Services.

Tip: You may choose to pay the offer amount in a lump sum or through installment payments.

GREAT NEWS!

The IRS, in the past two (2) years, has expanded the Offer in Compromise program and has been accepting more settlements than ever before. The new rules for a successful Offer in Compromise are contained in the IRS Fresh Start Initiative.

NOW IS THE TIME TO SETTLE WITH THE IRS FOR LESS.

ARE YOU QUALIFIED AND ELIGIBLE?

Call Flat Fee Tax Service, Inc. at: 1-800-589-3078.

GET OUT OF DEBT WITH THE IRS.

Flat Fee Tax Service, Inc. will stop an IRS Levy (usually in 2 hours) and prepare your Offer in Compromise settlement for $1900.00:

1. Initial Fee of $190.00
2. 09 Monthly Fee Payments of $190.00
3. Total For Work: $1900.00

NO ONE CAN BEAT OUR AFFORDABLE FEES, MATCH OUR EXPERTISE AND MATCH OUR RECORD OF SUCCESS.

NO ONE DOES IT BETTER.

Flat Fee Tax Service, Inc.:

1. No Client Complaints.
2. Accredited by the Better Business Bureau.
3. Maintain an A Plus Rating with the Better Business Bureau.
4. Experienced IRS Tax Attorneys will work directly with you.

Our Consultations Are Free And Confidential: 1-800-589-3078

Our Website: http://www.flatfeetaxservice.us

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