IRS Installment Agreement – IRS Payment Plan Revoked – Flat Fee Income Tax Relief Help

The IRS will allow a taxpayer to pay off an income tax debt through an installment agreement. Because interest and penalties will apply. The IRS encourages taxpayers to pay taxes immediately because the IRS is a collection agency. To “encourage” a taxpayer to pay off their past due income tax debt, interest and penalties will be added and can equal 8% to 25% per year. If you do nothing, your overdue income tax debt could double in 4 years.

For most financially struggling taxpayers the thought of paying the entire income tax debt all at once is not possible. An installment agreement is an alternative allowed by the IRS. The IRS has four different types of installment agreements: guaranteed, streamlined, partial payment, and non-streamlined.

BEFORE YOU AGREE TO AN IRS PAYMENT CONSULT WITH AN EXPERIENCED IRS TAX RELIEF EXPERT

CALL: 1-800-589-3078

FLAT FEE TAX SERVICE, INC.

http://www.flatfeetaxservice.us

Guaranteed IRS Installment Agreement

To qualify for a guaranteed installment agreement with the IRS, the taxpayer must meet the following conditions:

  • Owe less than $10,000, (not including interest and penalties);
  • In the previous five years the taxpayer has filed tax returns, paid taxes owed, and has not entered into an installment agreement;
  • The taxpayer is unable to pay the tax liability when due;
  • The tax liability will be paid off within three years; and
  • The taxpayer must pay at least the minimum monthly payment (tax liability, interest, and penalties divided by 30)

Under this payment plan, the IRS will not file a federal tax lien against the taxpayer.

The IRS Streamlined Installment Agreement

In most cases, a taxpayer that qualifies for a guaranteed agreement will also qualify for the streamlined installment agreement. A streamlined installment agreement has the following requirements:

  • The tax liability, interest, and penalties do not exceed $25,000;
  • The balance can be paid off within 60 months; and
  • The proposed payment is equal to or greater than the “minimum acceptable payment” (the minimum acceptable payment is the greater of $25 or the minimum payment amount reached by dividing the tax liability, interest, and penalties by 50)

The taxpayer must pay a fee of $105 to set up the installment agreement or $52 for a direct debit installment agreement. To restructure or reinstate a previous installment agreement, the IRS charges a $45 fee. Like a guaranteed installment agreement, the IRS does not file a federal tax lien.

IRS Partial Payment Installment Agreement

A partial payment agreement allows the IRS to enter into agreements with taxpayers for the partial payment of a tax liability. To qualify for this arrangement, the taxpayer must complete a financial statement using Form 433-F to report income and living expenses. The IRS will review and verify the information. If the taxpayer has assets that can be sold to pay some of the tax debt, the IRS will require the taxpayer to provide additional information.

If approved, the taxpayer will be required to participate in a financial review every two years. This review may result in the increase in installment payments or the termination of the agreement.

IRS Non-Streamlined Installment Agreement

If a financially struggling taxpayer owes $25,000 or more and can make monthly payments to the IRS, a non-streamlined agreement can be an option. The IRS will not automatically approve this agreement; instead, the taxpayer must negotiate with the IRS by providing detailed financials. The taxpayer must file Form 433-F, Collection Information Statement. This form collects information about income, debts, living expenses, assets, accounts, and allows the taxpayer to propose an installment payment amount.

It will usually take a few months for the IRS to review a proposed payment plan. The IRS may refuse a proposed agreement if it considers some of the taxpayer’s living expenses unnecessary, if untruthful information was provided, or if the taxpayer failed to complete a prior installment arrangement.

If a taxpayer is unable to pay a tax liability through a non-streamlined agreement, consider filing an Offer in Compromise.

BEFORE YOU COMPLETE A FINANCIAL FOR THE IRS

CONSULT WITH AN EXPERT IRS TAX PROFESSIONAL

Ways the IRS Will Accept Payments

Taxpayers can make installment payments in the following ways:

  • Payroll deduction
  • Direct debit
  • Check or money order
  • Electronic Federal Tax Payment System (EFTPS)
  • Credit card
  • Online Payment Agreement (OPA)

When Will the IRS Revoke an Installment Agreement

The IRS can revoke an installment arrangement under the following circumstances:

  • The financially struggling taxpayer misses a payment;
  • The financially struggling taxpayer does not file a tax return or pay taxes after the agreement is entered into ;
  • The financially struggling taxpayer provided inaccurate information on Form 433-F; or
  • The financially distressed taxpayer is paying under a partial payment installment agreement and a review indicates a change in their financial position.

BEFORE YOU AGREE TO AN IRS INSTALLMENT PAYMENT PLAN

FIND OUT IF YOUR CURRENTLY NOT COLLECTIBLE

FIND OUT IF YOU ARE QUALIFIED FOR AN IRS SETTLEMENT

DO NOT AGREE TO PAY THE IRS MORE THAN YOU NEED TO PAY

CONTACT FLAT FEE TAX SERVICE, INC.

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

1-800-589-3078

http://www.flatfeetaxservice.us

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What Do You Do If You Owe the IRS Money? You Call Flat Fee Tax Service

It’s that time of year. You have completed your income tax return. You sent your income tax return to the IRS without a check attached. You have done what you can to eliminate your income tax debt. But, you still owe money to the Internal Revenue Service (IRS) and you don’t have enough money to pay the IRS.

What are your options?

A lot of people who owe money to the IRS think they can file an extension and pay their taxes at a later date. MEMO TO YOU: your taxes are due April 15. An extension is only an extension of time to file your income tax return. It is not an extension of time to pay. An extension will stop the IRS from charging you a failure-to-file penalty, but your taxes are due by midnight April 15.

If you owe the IRS money, you are supposed to calculate the amount you owe, and pay it with your extension. Fortunately, you have some options if you can’t pay the IRS in full. You could pay the IRS in installments by filling out Form 9465, which gives you up to 72 months to pay your taxes. However, when you file this form you are making a deal with the IRS and hurting yourself. The IRS has 10 years from the date that a tax is assessed to collect the money that is owed. This is known as the statute of limitations. If you ask to pay in installments, this adds two years to the statute of limitations. In addition, by using this option you are agreeing that when you file your next return, you will file on time, and pay any taxes that are due. If you don’t, it will nullify your installment arrangement, and the IRS will aggressively pursue the balance owed. Penalties and interest will be tacked on to the amount. Interest accrues daily, and the penalties are pretty high. Your past due income tax debt will double in approximately 4 years.

If you owe the IRS a lot of money ($10,000 or more) and don’t have many assets, another option is to ask for an Offer in Compromise settlement. An Offer in Compromise means you pay less money than you owe in conjunction with the IRS compromising on the debt. For instance, if you owe $25,000 but have no assets and no ability to pay the full amount, you can offer the IRS a reduced amount. At the time of this writing, about 42% of all such settlement offers filed are accepted.

Keep in mind that in order to file an IRS Offer in Compromise, you have to give up a lot of personal information, including bank account numbers, retirement plan information and information about all of your assets. Filing an Offer in Compromise will extend the statute of limitations by the time that the offer was pending, plus 30 days. The IRS typically takes six to 12 months to investigate an offer of settlement. Unless you owe payroll taxes, nobody will put you in jail for not paying income taxes. However, owing the Internal Revenue Service (IRS) is not pretty. The penalties are steep, and the interest is compounded daily. Like getting a loan from the your local loan-shark, owing money to the IRS means you have to pay up. You won’t forget about the debt, and you can be sure it won’t either.

90% of Our Clients have Received a Successful Offer in Compromise Settlement

Are You Eligible?

CALL: 1-800-589-3078

http://www.flatfeetaxservice.us

FIND OUT!

FLAT FEE TAX SERVICE, INC.:

  1. Guided by our Christian Values. That is why we do not have Client Complaints.
  2. Accredited by the Better Business Bureau. A Plus Rating. Check out our BBB testimonials for yourself.
  3. Experienced IRS Tax Attorneys work directly with you.
  4. IRS Wage Levies stopped and released in 1 day.
  5. 90% of our Clients have received successful IRS Settlements.
  6. Low Affordable Fees. Fees can be stretched out over 10 to 12 months.
  7. Our Clients Get Positive Results.

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Wage Levy Secrets – Painless IRS Garnishment Release – Flat Fee Tax Service

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Wage Levy Secrets – Painless IRS Garnishment Release – Flat Fee Tax Service.

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Tax Debt Relief – North Carolina – Flat Fee Tax Service – IRS Payment Plans, IRS Settlements, File Back Tax Returns, Stop IRS Levy

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Tax Debt Relief – North Carolina – Flat Fee Tax Service – IRS Payment Plans, IRS Settlements, File Back Tax Returns, Stop IRS Levy.

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.

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: Stop an IRS Levy Today – Flat Fee Tax Service is your Affordable IRS Tax Relief Team

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: Stop an IRS Levy Today – Flat Fee Tax Service is your Affordable IRS Tax Relief Team.

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Tax Debt Relief – How to Settle with the IRS – Flat Fee Tax Service the Affordable Tax Relief Team

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Tax Debt Relief – How to Settle with the IRS – Flat Fee Tax Service the Affordable Tax Relief Team.

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Offer in Compromise Help – Flat Fee Tax Service – The Affordable Tax Relief Team

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Offer in Compromise Help – Flat Fee Tax Service – The Affordable Tax Relief Team.

St. Louis Missouri IRS Tax Settlement – Another Successful Flat Fee Tax Service IRS Offer in Compromise

The IRS tax relief team at Flat Fee Tax Service, Inc. has done it again. It is with great pleasurethat we have the pleasure to announce the IRS has accepted that our client, Peter M. of St. Louis, Missouri has settled his IRS tax debt of $35,000 for a grand total of $100.00.

THAT’S RIGHT!

An IRS Offer in Compromise settlement for $100.00 on a tax debt of $35,000.00.

THAT’S WHAT WE CALL A “FRESH START.”

Peter M. of St. Louis, Missouri contacted us at Flat Fee Tax Service, Inc. like all of our clients do. Filled with anxiety. Fearing an IRS Levy. Fear that the IRS will take everything and he may have to leave his job because he simply can’t afford an IRS levy.

The IRS may have already started taking your paycheck or your bank account.

NOT EVERYONE IS ELIGIBLE TO SETTLE WITH THE IRS.

If you call us at Flat Fee Tax Service, Inc. we can determine during our free and confidential consultation if you are eligible and qualified to settle with the IRS for less.

An Offer in Compromise settlement with the IRS allows you to settle whatever tax debt you might have for less than the full amount owed. An Offer in Compromise settlement is a legitimate option if you cannot pay your full tax liability or if doing so would create a financial hardship. The IRS considers the following circumstances and facts when you file an Offer in Compromise: your ability to pay, your income, any expenses, and asset equity.

In order to be eligible for an Offer in Compromise, you must be current with all filing and payment requirements. The IRS generally approves these settlement offers when the amount offered is the most they could expect to collect in a reasonable amount of time. There are other rules and regulations surrounding the eligibility of taxpayers to file an Offer in Compromise, which are explained below.

You Can Receive a Fresh Start.

An IRS Offer in Compromise is not a negotiation as you would “haggle” with a vendor or credit card company. The IRS has a financial formula that is used to determine a struggling taxpayers ability to pay their tax debt.

Monthly cash flow is considered to be the ability of cash to come in and be expended on a monthly basis. Form 433-A requires all taxpayers to calculate a few things in regards to their monthly cash flow. First, taxpayers must calculate and outline all categories of monthly income, and specify whether they were generated as wages or through investment distribution, then calculate all categories of expenses which pertain to necessary living. To find the net difference, subtract total living expenses from total income, and you have an idea of your monthly cash flow specific to your income and living expenses.

YOUR PAPER WORK MUST BE DONE CORRECTLY.

YOUR SETTLEMENT OFFER MUST BE “RIGHT ON THE MONEY.”

If you turn in your Offer in Compromise paper work with mistakes of any kind, the IRS will reject your settlement Offer and return it to you and call it “unprocessable.”

The IRS will not tell you what your mistake was and you will have to start the settlement procedure all over again.

DO IT RIGHT THE FIRST TIME.

The IRS Offer in Compromise process takes approximately one (1) year to complete.

GREAT NEWS!

90% of the IRS Offer in Compromise submissions prepared by the IRS tax relief team at Flat Fee Tax Service, Inc. have been successfully accepted by the IRS.

OUR FEES:

$1900 for an IRS Offer in Compromise settlement which includes release of an IRS Levy.

FEES ARE AFFORDABLE:

1. Initial fee to start: $300.00
2. 8 monthly fee payments of $200.00
3. Total of: $1900.00

Peter M. of St. Louis, Missouri paid the affordable IRS tax relief team at Flat Fee Tax Service, Inc. $1900.00 and settled his IRS tax debt of $35,000.00 for $100.00.

PETER M. MADE THE RIGHT CHOICE.

PETER M. HIRED THE BEST.

PETER M. HIRED FLAT FEE TAX SERVICE, INC.

WILL YOU?

Call for your free and confidential consultation: 1-888-875-4506

FLAT FEE TAX SERVICE, INC.:

1. Guided by our Christian Values.
2. Fully Accredited by the Better Business Bureau.
3. No Client Complaints
4. 90% Offer in Compromise Success Rate.
5. IRS Wage Levies Stopped and Released in One (1) Day.
6. Experienced IRS Tax Attorneys.
7. Affordable Fees.
8. Positive Results.

Visit Our Website: http://www.flatfeetaxservice.org

See Our Better Business Bureau Record.

Like Flat Fee Tax Service, Inc. on Facebook.

Do Not Avoid The IRS – Protect Yourself – Fix Your IRS Tax Problem – Release IRS Levy and Seizutes

An interesting look at the importance of not ignoring the IRS comes from the IRS tax relief team at Flat Fee Tax Service, Inc., who deal with our clients IRS tax problems everyday and provide a unique perspective.

It is amazing three little letters, I-R-S, can cause a taxpayer to panic and experience anxiety. The horror stories brought about by the IRS are always a hot topic around tax time, each year. There’s a simple message at the basis of almost every IRS story — Your IRS Problem Can Be Resolved.

There is no shortage of commercials and online advertising stating this very fact and offering to help financially struggling taxpayers who are in trouble. While most struggling taxpayers tune these friendly reminders out due to procrastination, there is a worthwhile reason for taking notice and avoiding direct conflicts with the IRS.

EVERY DAY OF THE WEEK HAS 20 MILLION TAXPAYERS WITH AN IRS PROBLEM.

10 MILLION TAXPAYERS EVERY YEAR FAIL TO FILE THEIR TAX RETURNS.

While it’s always better to “stay within the lines” and not be contacted by the IRS at all, tax resolution firms specializing in tax debt relief, such as the tax relief team at Flat Fee Tax Service, Inc., know the importance of representation to avoid error, abuse and intimidation. To simply avoid the IRS is never the right option and is sure to only make matters worse.

THE IRS WILL FIND YOU.

THE IRS WILL LEVY YOU.

FLAT FEE TAX SERVICE, INC. CAN STOP AN IRS LEVY IN 1 DAY.

When the IRS sends you a collection letter, the best solution is to reach out to an experienced tax relief firm like Flat Fee Tax Service, Inc. who will maintain contact with the IRS and evaluate your best options and resolutions. Though many options exist to help quickly and efficiently resolve these problems, there’s a correct method when faced with this harsh reality. They all begin with not avoiding the IRS.

IRS Wage Levies (wage garnishment): This form of collection action can be quite embarrassing, as the employer also becomes involved. The IRS will take your money each week/month out of the paycheck to pay towards the back tax debt. This results in being without the accustomed income each month, and the feeling of complete vulnerability at the workplace. An IRS wgae levy is continuous unless stopped and released.

FLAT FEE TAX SERVICE, INC. WILL HAVE AN IRS LEVY STOPPED AND RELEASED IN 1 DAY.

IRS Liens & Levies: An IRS Lien and/or Levy will quickly make your life miserable in multiple ways. An IRS tax lien is a claim used as security for the tax debt, while a levy will actually take your paycheck, bank account or property to satisfy your back tax debt. Both of these actions should be avoided at all costs, as the short-term and long-term results that come with these public records (tax liens only) only become worse with time and will prove to be detrimental to your business and/or personal life.

IRS Penalties: IRS Penalties will include just about every situation imaginable. Most commonly, these penalties are associated with a failure to file, failure to pay, or, an accuracy related penalty. Beyond these somewhat common penalties, more severe are the Civil Penalties that focus on fraudulent behaviors and possible Criminal Prosecution, which are typically reserved for those attempting tax evasion or falsifying statements. In one tax year, the IRS issued penalties totaling $18 billion, making this big business.

IRS PENALTIES WILL DOUBLE YOUR TAX DEBT IN APPROX. 4 YEARS.

IRS Seizures: We Understand that no one wants to have their assets (paycheck, bank account, auto) seized and sold after not acknowledging the IRS, preventing the government from taking this action is vital. It’s a harsh reality, but IR Revenue Officers have the authority to seize assets and Property Appraisal and Liquidation Specialists (PALS) have the authority to sell these assets. With the legalities involved in these seizures by all involved, it’s often a last-resort when the IRS is ignored for long periods of time.

IT’S EASIER FOR THE IRS TO SIMPLY TAKE YOUR PAYCHECK OR BANK ACCOUNT.

YOU CANNOT PLAY “CATCH ME IF YOU CAN” WITH THE IRS.

YOU WILL LOSE.

A natural reaction for most people is to become intimidated by the IRS, but one of the advantages when working with professionals such as our IRS tax relief team at Flat Fee tax Service, Inc. is that we are not intimidated and we will take the time to explore all your options. Our IRS Tax Attorneys know the best way to approach these delicate subjects and become the direct point of contact with the IRS – providing a secure level of protection between you and the IRS.

FLAT FEE TAX SERVICE, INC. WILL GET YOU RIGHT SIDE UP WITH THE IRS.

While staying on the straight with the IRS is always the suggested direction, situations in life happen that will force the IRS to come knocking. In these trying situations, attempting to ignore or hide from the IRS never ends well, as penalties and interest only increase with time. In most cases however, it’s not wise to simply give in without looking at all the options, but hiding is never advised.

CALL FOR FREE & CONFIDENTIAL CONSULTATION: 1-888-875-4506

FLAT FEE TAX SERVICE, INC.:

1. Guided by our Christian Values.
2. Fully Accredited by the Better Business Bureau.
3. A Plus Rating with the Better Business Bureau.
4. No Client Complaints.
5. Experienced IRS Tax Attorneys will work directly with you.
6. 90% Offer in Compromise Success.
7. IRS Wage levies Stopped and Released in 1 Day.
8. Low Affordable Fees with Monthly Arrangements.
9. Honest, Reliable, Methodical and Thorough.

FLAT FEE TAX SERVICE, INC. 1-800-589-3078

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

WEBSITE: http://www.flatfeetaxservice.us

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