IRS Tax Attorney Tells: How Does an Offer in Compromise Work?

OFFER IN COMPROMISE

An Offer in Compromise is an option that you have with the IRS to settle your back income taxes. If you owe a substantial amount of money in federal taxes ($10,000 or more), you can submit an IRS settlement through the Offer in Compromise for less than your total outstanding balance and see if the IRS accepts it. Generally considered the “nuclear option” if you have a tax bill you doubt you’ll ever be able to pay off, filing an offer in compromise is a long and daunting process (an Offered settlement can take 12 months) with many confusing and seemingly contradictory requirements. Even though the Offer in Compromise program was simplified through the Fresh Start Initiative, gathering all the necessary paperwork for an offer in compromise is incredibly time consuming as is staying on top of communications from the IRS regarding your settlement offer. However, if your income tax debt is significant and/or you are in poor shape financially, it may be worth it to take the time to submit an offer in compromise.

Types of Offers in Compromise

First, you, the financially struggling taxpayer, need to know what type of offer in compromise you should file. There are two chief types of offers: doubt as to collectibility and doubt as to liability. Doubt of collectibility offers are made if it doesn’t look like the IRS will have any chance of collecting all or most of your outstanding balance right now or in the near future because your assets and income are outweighed by your outstanding balance. If you are filing a doubt as to liability offer in compromise, the premise for settling your back taxes is that there have been tax administration errors, and you don’t actually owe as much as the IRS says you do. Your liability isn’t supposed to exist under the current tax law, or ministerial errors were made.

Offers in compromise can also be made in the name of effective tax administration, where you are not arguing that tax law was correctly applied (and your balance is collectible to an extent) but that paying your outstanding taxes would cause a significant financial hardship, and the IRS isn’t going to get any money out of you as a result. For example, the value of your home could determine that your tax liability is collectible but losing your home would result in hardship.

THE ONLY TYPE OF OFFER IN COMPROMISE THAT YOU NEED TO BE CONCERNED WITH IS: DOUBT AS TO COLLECTIBILITY

Fees and Low-Income Certification

Generally, there is a $186 nonrefundable application fee when you apply for an offer in compromise. It is totally separate of any tax payments and doesn’t count toward your outstanding balance. The only exception to this is if you are submitting an offer based on doubt as to liability. The fee is also waived if you qualify for the low-income exception. If your monthly income falls at or below 250% of the poverty guidelines set by the Department of Health and Human Services, you can check off the low-income certification section of the offer in compromise form (Form 656).

FLAT FEE TAX SERVICE, INC. HAVE A 95% OFFER IN COMPROMISE SUCCESS RATE.

Eligibility and Taking Care of Unfiled Tax Returns

The IRS Tax Attorney at Flat Fee Tax Service, Inc., who is handling your IRS tax problem, will ensure that you’re eligible for an offer in compromise. If you are in open bankruptcy proceedings, you can’t make an offer.

Flat Fee Tax Service, Inc. can determine if you are eligible and qualified to settle with the IRS during our initial consultation.

Next, you need to make sure that you’ve filed all outstanding tax returns. The alternative is to wait for the IRS to file substitute returns on your behalf, but this frequently doesn’t have the best outcome. Substitute returns only account for the bare minimum of tax benefits and rely on data already in the system, such as W-2s and 1099s on file, opposed to what your actual tax situation could look like. Because of this, your total outstanding tax debt could look a lot larger than it really is and make it harder for your offer to be accepted as a result.

If you proceed without having at least substitute returns on file, it will cause significant delays in the offer process.

HAVE AN EXPERIENCED IRS TAX ATTORNEY REPRESENT YOU.

Compiling a Personal Financial Statement

You need to prove that your income and assets are insufficient to pay your entire outstanding tax balance. Form 656 has two different financial statement forms, one for individuals and businesses, with an extra section for self-employed taxpayers. This statement is incredibly exhaustive as you must provide information about your and your spouse’s employment, whether your dependents and other people living in your household contribute to the household income, household expenses, vehicles and other assets, and virtually anything else related to your ability to pay down your tax debt. You must include copies of documents such as pay stubs, car notes, student loan payments, and other proof of your expenses, income, assets, and debts to substantiate what you entered on the financial statement. If you are self-employed, you need to provide an extensive breakdown of assets used in your business as well as where your income comes from and the type of expenses you have.

The purpose of collecting so much financial information is so that the IRS can determine if you can pay your balance in a reasonably short timeframe and that it doesn’t merit the other resolution options available to you such as going on a payment plan or making your account temporarily uncollectible.

Revisiting the pre-qualification stage, the IRS makes basic allowances such as $1,000 in the bank and $3,450 against the value of your car (based on the current figures in Form 656), but if they otherwise determine that you can pay your total outstanding balance with your assets as-is and/or by going on a payment plan, your offer will be rejected. If your debts significantly exceed your assets, the odds are more likely to be in your favor.

Making the Actual IRS Settlement Offer and Choosing a Payment Plan

Once you’ve compiled your financial statement, which should support your Offer in Compromise amount and how much you are able to pay, you then make the actual offer. The offer price should be as close to the original tax liability as possible, within reason.

You also will specify if you will make the offer in five payments or less with a lump-sum payment plan or periodic plan (typically monthly). If you are opting for the lump-sum option, your package must include a payment for 20% of the total offer amount. For periodic plans, include the first period’s payment in your package. You then need to stay current on these payment plans while waiting for the IRS to make a decision.

Waiting for the IRS to Respond

Once you submit the offer and your initial payment, you must honor the payment arrangement proposed in your offer even though it will take time for you to get a response. While the IRS is processing your offer, you need to keep making these payments or else your offer will be voided. The only exception to this rule is if you meet the low-income certification guidelines.

Another important factor to consider is that while you wait for the IRS to accept or reject your offer in compromise, penalties and interest will still mount on your outstanding balance. Collection actions will be suspended, but you may still receive a federal tax lien that won’t be released until the terms of the offer have been satisfied. Because of this, if you have any outstanding installment agreements, then you don’t need to make payments on them.

If you received a notice that your offer was accepted, or two years passed from the date that the IRS received your offer, and they still didn’t respond with a decision, then your offer has been deemed accepted. You still must keep up with the payments that you were making while waiting for a response, except that now your outstanding balance has been reduced to your offer amount. If you have any federal tax refunds for future tax years, they will also be applied to your outstanding balance.

A Returned Offer in Compromise and Rejections

A common mistake people make when submitting an offer in compromise that comes back to them is confusing it for a rejection. The IRS will sometimes send back an offer in compromise package if information is missing. Other reasons for returning the offer package include failure to enclose the application fee or make the first payment, didn’t file the required tax returns, or didn’t pay current tax liabilities while the offer was being considered. While being in open bankruptcy proceedings generally deems you ineligible, you can still try to submit an offer in compromise, and it will just get returned instead of outright rejected.

This distinction is important because having an offer package returned to you doesn’t give you a right to an appeal. Your submission date completely resets once you’ve gathered all the missing information and/or payments and can resend your offer, starting the entire process all over again. This means that you will need to update your financial statement as well as provide new and current supporting documents.

If your Offer in Compromise is rejected however, you will receive a formal rejection notice in the mail with detailed instructions on how to elevate your case to the IRS Office of Appeals. Your request for an appeal has to be made within 30 days from the date on this letter, or else you’ll have to start an entirely new offer from scratch. You will usually be given reasons for rejection and have the opportunity to dispute them as well as make a counter offer for the amount you will pay over time.

Potential Consequences of Submitting an Offer in Compromise

If the IRS accepts your Offer in Compromise, you will never be able to dispute the amount in court or anywhere else. If you wind up having to file for bankruptcy after the offer has been accepted, the amount of federal taxes you owe now can’t be disputed.

Owing taxes and beginning the offer in compromise process will also show up on your tax transcript. In the event that you need to supply a tax transcript, such as applying for housing or a business loan, this could have adverse effects.

There is also a risk of defaulting on your offer, such as if you can’t make payments due to hardship, or you intentionally go delinquent. Because the IRS already had to stop collection actions during the review process, going into default gives them the right to file suit and collect the entire unpaid balance of the offer. They can even collect the original amount of your outstanding taxes as liquidating damages and not just the offer amount, and do so without notice.

If you suspect that you are going to default on a payment plan once they’ve accepted an offer in compromise, you should contact the IRS immediately so your offer isn’t voided in the event of an emergency such as job loss, domestic violence, or health problems.

FLAT FEE TAX SERVICE, INC.

95% OFFER IN COMPROMISE SUCCESS RATE

BBB ACCREDITED – A PLUS RATING – NO CLIENT COMPLAINTS

Is an Offer in Compromise Right for You?

It ultimately depends on your individual financial situation and whether you’ll be able to keep up with payments despite settling for a smaller amount. Since the IRS also looks at your potential for future income based on your individual circumstances, if your income looks like it will be about the same or less than what it currently is then you have a higher likelihood of your offer being accepted.

If you don’t meet the low-income certification guidelines based on both your monthly income and household composition, but it’s difficult for you to keep up with monthly payments, you may want to look into other tax debt resolution options such as an installment agreement, online payment agreement, or temporarily making your account uncollectible while you figure out how to pay your tax bill.

DON’T GO IT ALONE, HAVE AN IRS TAX ATTORNEY REPRESENT YOU.

GET THE BEST. AN IRS TAX ATTORNEY AT FLAT FEE TAX SERVICE.

Due to the massive amount of time, paperwork, and stress involved in preparing an offer in compromise package, submitting an offer in compromise is best for taxpayers who have significantly large outstanding balances with little to no potential to ever pay that balance back, such as if you become unable to work due to health conditions. If your assets are sufficient to pay down your tax debt, the entire process will have been for naught because you’ll be deemed solvent enough to liquidate some of your assets and just pay your balance.

Submitting an offer in compromise is not a fast and easy process and should definitely be done with the assistance of a tax professional. In addition to compiling your personal and/or business financial statements correctly, they can also ensure that a compelling case has been made for why you must settle your back taxes. After deciding which type of offer in compromise best suits your financial situation, you then have to see if you qualify for low-income certification and determine if you can stay current on the payment plan you are proposing. You take a risk in submitting an offer in compromise in that defaulting on this type of payment has harsher consequences than defaulting on a standard IRS payment agreement, but also that it shows up on your tax transcript and can create issues if third parties need a copy of it.

DOES THIS ALL SEEM “COMPLICATED”? IT IS.

CALL THE FLAT FEE TAX SERVICE, INC. IRS TAX HELP PHONE:

1-800-589-3078

https://www.thebestirshelp.com

http://www.flatfeetaxservice.us

https://www.facebook.com/thebestirshelp

IRS Taxpayer Forgiveness Program – New IRS Effort to Help Struggling Taxpayers Get a Fresh Start – Major Changes Made to IRS Lien Process

The IRS current effort to help struggling taxpayers, the Internal Revenue Service announced in 2011 a series of new steps to help taxpayers can get a fresh start with their overdue income tax liabilities. In fact, the IRS program is called “the Fresh Start Initiative.”

The goal of the IRS is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers. Specifically, the IRS is announcing new policies and programs to help taxpayers pay back taxes and avoid tax liens.

“We are making fundamental changes to our lien system and other collection tools that will help taxpayers and give them a fresh start,” former IRS Commissioner Doug Shulman said. “These steps are good for people facing tough times, and they reflect a responsible approach for the tax system.”

The IRS Fresh Start Initiative centers on the IRS making important changes to its lien filing practices that will lessen the negative impact on taxpayers. The changes include:

  • Significantly increasing the dollar threshold when federal income tax liens are generally issued, resulting in fewer tax liens.
  • Making it easier for taxpayers to obtain lien withdrawals after paying a tax bill.
  • Withdrawing federal income tax liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement.
  • Creating easier access to Installment Agreements for more struggling small businesses.
  • Expanding a streamlined Offer in Compromise program to cover more taxpayers.

“These steps are in the best interest of both taxpayers and the tax system,” Shulman (former IRS Commissioner) said. “People will have a better chance to stay current on their taxes and keep their financial house in order. We all benefit if that happens.”

This is another in a series of steps to help struggling taxpayers. In 2008, the IRS announced federal income tax lien relief for people trying to refinance or sell a home. In 2009, the IRS added new flexibility for taxpayers facing payment or collection problems.

TAKE ADVANTAGE OF CURRENT IRS POLICY BEFORE IT CHANGES

FLAT FEE TAX SERVICE, INC.

1 – 8 0 0 – 5 8 9 – 3 0 7 8

http://www.flatfeetaxservice.us

Federal Income Tax Lien Thresholds

The IRS will significantly increase the dollar thresholds when federal income tax liens are generally filed. The new dollar amount is in keeping with inflationary changes since the number was last revised. Currently, federal income tax liens are automatically filed at certain dollar levels for people with past-due balances.

The IRS plans to review the results and impact of the federal income tax lien threshold change in about a year.

A federal income tax lien gives the IRS a legal claim to a taxpayer’s property for the amount of an unpaid tax debt. Filing a Notice of Federal Tax Lien is necessary to establish priority rights against certain other creditors. Usually the government is not the only creditor to whom the taxpayer owes money.

A federal income tax lien informs the public that the U.S. government has a claim against all property, and any rights to property, of the taxpayer. This includes property owned at the time the notice of lien is filed and any acquired thereafter. A lien can affect a taxpayer’s credit rating, so it is critical to arrange the payment of taxes as quickly as possible.

“Raising the lien threshold keeps pace with inflation and makes sense for the tax system,” Shulman said. “These changes mean tens of thousands of people won’t be burdened by liens, and this step will take place without significantly increasing the financial risk to the government.”

Federal Income Tax Lien Withdrawals

The IRS will also modify procedures that will make it easier for taxpayers to obtain lien withdrawals.

Federal Income tax liens will now be withdrawn once full payment of taxes is made if the taxpayer requests it. The IRS has determined that this approach is in the best interest of the government.

In order to speed the withdrawal process, the IRS will also streamline its internal procedures to allow collection personnel to withdraw the federal income tax lien.

Direct Debit Installment Agreements and Federal Income Tax Liens

The IRS is making other fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement (DDIA). For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:

  • Federal income tax lien withdrawals for taxpayers entering into a Direct Debit Installment Agreement.
  • The IRS will withdraw a federal income tax lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement.
  • The IRS will also withdraw federal income tax liens on existing Direct Debit Installment agreements upon a taxpayer request.

Federal Income tax liens will be withdrawn after a probationary period demonstrating that direct debit payments will be honored. The probationary period is usually three (3) months.

In addition, this lowers user fees and saves the government money from mailing monthly payment notices. Taxpayers can use the Online Payment Agreement application on IRS.gov to set-up with Direct Debit Installment Agreements.

“We are trying to minimize burden on taxpayers while collecting the proper amount of tax,” Shulman said. “We believe taking away taxpayer burden makes sense when a taxpayer has taken the proactive step of entering a direct debit agreement.”

IRS Installment Agreements and Small Businesses

The IRS will also make streamlined Installment Agreements available to more small businesses. The payment program will raise the dollar limit to allow additional small businesses to participate.

Small businesses with $25,000 or less in unpaid tax can participate. Currently, only small businesses with under $10,000 in liabilities can participate. Small businesses will have 24 months to pay.

The streamlined Installment Agreements will be available for small businesses that file either as an individual or as a business. Small businesses with an unpaid assessment balance greater than $25,000 would qualify for the streamlined Installment Agreement if they pay down the balance to $25,000 or less.

Small businesses will need to enroll in a Direct Debit Installment Agreement to participate.

“Small businesses are an important part of the nation’s economy, and the IRS should help them when we can,” Shulman said. “By expanding payment options, we can help small businesses pay their tax bill while freeing up cash flow to keep funding their operations.”

The IRS Settlement – Offers in Compromise

The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.

This streamlined Offer in Compromise (OIC) is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.

The Offer in Compromise (OIC) is subject to acceptance based on a complicated financial formula. An offer in compromise is a settlement agreement between a financially struggling taxpayer and the IRS that settles the taxpayer’s income tax liabilities for less than the full amount owed. Generally, an offer will not be accepted if the IRS believes that the income tax liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.

FLAT FEE TAX SERVICE, INC.

BBB BUSINESS

Like Us on Facebook:

https://www.facebook.com/flatfeetaxservice

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

US ROSE FLAG

What to Do When the IRS Plans to Takes a Taxpayer’s Social Security or Other Benefit Check

Our IRS income tax relief experts at Flat Fee Tax Service, Inc. have helped countless taxpayers who have had their Social Security and Social Security Disability (SSDI) benefits seized by the IRS. The IRS, through the Federal Payment Levy Program (FPLP) can seize as little as 15% of your benefit check.
A taxpayer may have retired and now draws on their Social Security or may be unable to work due to disability and now receives Social Security Disability (SSDI). The IRS may have previously placed a financially struggling taxpayer in currently not collectible status (CNC) because they did not have enough income to pay an overdue income tax debt. Now that a taxpayer is drawing money from Social Security, do not be surprised to receive a notice from the IRS that the Internal Revenue Service is going to be taking part of the taxpayer’s check each month. A taxpayer may have thought they were in Currently not Collectible status only to find out that their check is 15% short of the full benefit. Can the IRS really seize social security? Yes, the IRS can and will take at the minimum 15% unless steps are taken to stop, remove and release the IRS levy.
What is Currently not Collectible?
Currently not Collectible status (CNC) simply means that the IRS won’t try to collect taxes at the current time. Should a taxpayer be placed in Currently not Collectible status (CNC), a Federal Tax Lien will be filed. If your credit is important to you, this will be an issue. The income tax debt owed will continue to accrue penalties and interest. The IRS can rescind the taxpayer’s Currently not Collectible anytime that they choose without warning. To be placed in Currently not Collectible status, a taxpayer will have to show the IRS there is not enough income to pay the IRS and meet the taxpayer’s basic necessities. Most often, Currently not Collectible (CNC) will necessitate filling out a Form 433-F (Financial Asset Form). This IRS form requires a taxpayer to list all of their income, assets and expenses. Use the IRS National Standards for personal/ food expenses and medical expenses without having to prove your actual expenses. A taxpayer will be limited to claiming the national standards on all expenses unless it is proven that a taxpayer has a special circumstance that makes their expenses higher. A taxpayer can find the National Standards on the IRS.gov website.
How does Currently not Collectible status effect how much income tax is owed?
The interest and penalties on your account continue to increase.
Can the IRS change a taxpayer’s status?
Yes, the IRS can change the taxpayer’s status at anytime. The IRS will take a look at your status every twelve (12) to twenty-four (24) months or so. The IRS will also look at any change in income.
Can the IRS really take my social security  or Social Security Disability (SSDI)?
The IRS can and will take a taxpayer’s social security retirement benefit or social security disability benefits once the IRS computer discovers that a taxpayer is receiving a government check. As a general rule the IRS will limit what they take to 15% per the Federal Payment Levy Program (FPLP). The IRS should not take Supplemental Security Income (SSI) benefits. These benefits are considered public benefits and are usually assumed to be only enough to provide for basic necessities. Please note, the IRS can take more than 15% should a Revenue Officer issue a Manuel Levy.
Although the IRS is supposed to prevent certain very low income social security retirement and social security disability recipients from being placed in the federal payment levy program, we all know that is a rule that is often broken. This screening program is not full proof so taxpayers still may have to submit a 433-F to be put into currently not collectible status.
What if a taxpayer does not believe they owe the IRS the past due income taxes?
If a taxpayer has never received a notice of levy before, a request for a Collection Due Process hearing (CDP) is an option. A Collection Due Process (CDP) hearing will allow a financially struggling taxpayer to present evidence that the IRS should not levy on Social Security benefits. A taxpayer could also challenge the income tax debt if the taxpayer has not had a chance to challenge it before. A taxpayer might not have been able to challenge the income tax debt if the IRS did not issue the right notice or mailed the notice to the wrong place.
If a taxpayer received the notice but decided not to respond, the taxpayer cannot challenge the income tax debt in a CDP hearing. A taxpayer might be able to ask for an audit reconsideration. In an audit reconsideration, the taxpayer will tell the IRS why their decision was wrong and provide them with any evidence that will help the IRS change their mind.
If the taxpayer is Currently not Collectible should they do an Offer in Compromise?
Now we are talking about an actual permanent solution to the financially struggling taxpayers income tax problem. If the IRS has already declared the taxpayer to be unable to pay the overdue income tax debt, why not take the extra step and retire the income tax debt altogether through an IRS settlement? If a taxpayer has no assets and is relying on Social Security benefits to live on, it would behoove the taxpayer to get rid of the tax debt. Many of the same IRS rules that govern being Currently not Collectible work for the Offer in Compromise program.
During the Offer in Compromise process, the IRS must leave the taxpayer alone. That means no levies. No enforcement actions. If you have no assets and only have your Social Security, your IRS settlement should be very, very small. At the end of the Offer in Compromise process, the taxpayer will have no IRS income tax liens.
YOU WILL RECEIVE THE FRESH START THAT YOU NEED
When we receive a call from a taxpayer who is or was declared to be Currently not Collectible, we explain the settlement program this way: If you were running a marathon, would you stop running when you were 200 yards from the finish line? Of course not. Finish the race. Settle with the IRS for less.
Where can a taxpayer get IRS help if they need it?
You can receive expert IRS tax representation at Flat Fee Tax Service, Inc. We are “America’s Best & Most Affordable IRS Income Tax Relief Team.”
FLAT FEE TAX SERVICE, INC.:
1. Guided by our Christian Values is one reason why we do not have client complaints.
2. Accredited by the Better Business Bureau. A Plus Rating. Read our BBB testimonials for yourself.
3. Experienced IRS Tax Attorneys work directly with the troubled taxpayer.
4. IRS Wage Levies are stopped, removed and released in one day.
5. 90% of our clients who have submitted an Offer in Compromise have received successful IRS settlements.
6. Low, Affordable Fees for everyone. 10 to 12 months payment payment plans.
7. Our Clients Receive Positive Results.
Maintaining household income is a basic need.
1-800-589-3078
US MAP
BBB BUSINESS

Flat Fee Tax Service, Inc. – The Original Flat Fee Tax Resolution Company

Every IRS tax resolution company wants to pretend to be Flat Fee Tax Service, Inc. Our IRS tax relief team invented the “one low affordable fee” so that financially struggling, distressed taxpayers can afford the IRS tax help that they need and deserve. Years ago, we decided to post our fees on our websites for all of the world to see and view. Of course, our competitors took notice. They didn’t like the fact that Flat Fee Tax Service, Inc. has been providing low affordable fees that taxpayers can afford. Our competitors also do not like the fact we thoroughly explain why are fees are as low and affordable as they are.

Our team of IRS tax professionals will evaluate your situation during our free and confidential consultation. Our IRS tax relief team will tirelessly work to achieve the best possible outcome for your case. We will custom build an IRS tax resolution strategy that will best fits your needs. If you are qualified eligible, our team will prepare, submit and negotiate an Offer in Compromise with the IRS, and work to get the best settlement available to save your hard-earned dollars. We will pretty much know if you qualify for an IRS settlement through the IRS Offer in Compromise program after we have our consultation with you.

For most of our clients, they come to us in need of some serious help because they are experiencing an IRS levy. Our clients need the IRS levy stopped and avoided as well  need to get their lives and their businesses back on track. Flat Fee Tax Service, Inc. specializes in stopping and avoiding an IRS Levy. Our team of IRS tax professionals also prepare missing, unfiled tax returns as well as Penalty Abatement’s, Installment Agreements and placing taxpayers into Currently Uncollectable status.

FLAT FEE TAX SERVICE, INC.

1-800-589-3078

http://www.flatfeetaxservice.us

Flat Fee Tax Service, Inc. guarantees to stop an IRS levy on your wages. Our IRS tax resolution team will evaluate and put a plan in place and execute on our plan so that you can be free of IRS interference. Our team of IRS tax professionals has seen every conceivable IRS problem. Most of our clients have come close to loosing everything from their life savings to their families. We’re here to help you get your life back on the right tax track quickly and efficiently.

• IRS Settlements through the Offer in Compromise program
• Financial Documentation preparation so your missing tax returns can be prepared
• Asset Protection – Stop and Avoid an IRS Levy

YOUR ACTION PLAN

Contact Flat Fee Tax Service, Inc. for your free and confidential IRS income tax debt consultation and find out if you qualify for an IRS settlement.

FLAT FEE TAX SERVICE, INC.:

  1. Guided by our Christian Values which is why we do not have client complaints.
  2. Accredited by the Better Business Bureau. A Plus Rating.
  3. Check out our BBB reviews by Googling us.
  4. Experienced IRS Tax Attorneys work directly with you.
  5. IRS Wage Levies Stopped in one (1) day.
  6. 90% of our clients who submit an IRS Settlement received a Successful IRS Offer in Compromise.
  7. Our clients get Positive Results.

Offer in Compromise with the IRS. Get started today and take control of your life again.        starof your life again.

Options When Your IRS Offer in Compromise Is Rejected – Flat Fee Tax Service

When a financially struggling individual taxpayer or financially struggling small business is saddled with an over due income tax debt, there are several ways to handle the situation. If you owe a substantial amount of past due income tax and the statute of limitations is closing in, you could try to “run out the clock.” We recommend that you have an experienced IRS Tax Attorney oversee this method. That may be one (1) way of handling your income tax debt.

The second (2nd) way is for you to make the IRS a settlement offer through the Offer in Compromise program. An Offer in Compromise is essentially a proposal for settling your income tax debt for less than what’s owed. In 2013, nearly 42% of all offers were accepted, which means that a significant number of taxpayers were turned away. If you’ve attempted to negotiate a settlement with no success, here are the next steps you need to take.

THE CLIENTS OF FLAT FEE TAX SERVICE, INC. HAVE A 95% OFFER IN COMPROMISE SUCCESS RATE.

FLAT FEE TAX SERVICE, INC. IS YOUR VERY BEST OPTION.

WHY FOOL AROUND WITH THOUGHTS OF IRS APPEALS, WHEN YOU CAN DO IT RIGHT THE FIRST (1ST) TIME.

When the IRS receives an Offer in Compromise, there are three possible outcomes: acceptance, rejection or return. If your offer is rejected, that means that the terms you proposed weren’t sufficient to merit an approval. When an offer is returned, it’s usually because there was either an error present on the necessary paperwork or the IRS has determined there is a risk of you incurring further tax liability in the near future.

IF YOU HAVE FLAT FEE TAX SERVICE, INC., YOU WON’T HAVE THESE PROBLEMS.

If your IRS settlement offer was returned, the only option is to resubmit your Offer in Compromise application or deal with your debt outside of the Offer in Compromise process. When this happens, you are vulnerable to enforcement action again. Most financially struggling taxpayers who submit an Offer in Compromise had been facing an IRS levy at some point.

CALL: 1-800-589-3078 FOR YOUR FREE & CONFIDENTIAL CONSULTATION.

YOUR BEST OPTION IS TO DO YOUR OFFER IN COMPROMISE RIGHT THE FIRST TIME.

There’s no penalty for resubmitting an Offer in Compromise with the correct information but you should keep in mind that it does slow the process down and you will be open and vulnerable to another IRS levy.

HERE IS SOME “INSIDE INFORMATION.”

The amount of time and labor that goes into an Offer in Compromise is the same if you owe $10,000 or $99,999. It is the same. Therefor, Flat Fee Tax Service, Inc. has the very same fee for everyone who owes $10,000 to $100,000.

Having an unpaid income tax debt hanging over your head can be very extremely unpleasant and it’s also extremely burdensome for individual taxpayers who are attempting to operate a small business. If you are thinking of submitting an IRS settlement offer or you’ve attempted to negotiate an Offer in Compromise and failed, consulting a experienced knowledgeable tax relief expert is a must. If your offer was rejected and you’re not sure how to proceed, contact the experienced IRS tax relief team at Flat Fee Tax Service, Inc.

WHY IS FLAT FEE TAX SERVICE, INC. “AMERICA’S BEST & MOST AFFORDABLE IRS TAX RELIEF TEAM”

1. No Client Complaints.
2. Accredited by the Better Business Bureau. A-Rating. Check out our BBB Reviews for yourself.
3. Experienced IRS Tax Attorneys Work Directly with You to Fix your IRS Problems.
4. Low Affordable Fees are Stretched over 10 Months. (We know that you are financially struggling).
5. IRS Wage Levies (Garnishments) are Stopped and Released in one (1) Day.
6. 95% of our Clients have received Successful IRS Settlements.
7. Our Clients Receive Positive Results.

WE WANT YOU TO BE OUR NEXT SUCCESSFUL STORY.

WE WANT YOU TO GET OUT OF IRS TROUBLE.

http://www.flatfeetaxservice.us

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

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

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 Offer in Compromise Made Easier – Flat Fee Tax Service Your Affordable IRS Relief Team

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

San Jose California IRS Offer in Compromise Success Story – Flat Fee Tax Service

The IRS tax relief team at Flat Fee Tax Service, Inc. is very happy to announce another successful IRS Offer in Compromise settlement.

Our client, Kamaljit M. of San Jose, California has received acceptance by the IRS for his Offer in Compromise. Our client has settled his IRS back tax debt of $13,000 for $500.00.

THAT’S RIGHT!

OUR EXPERIENCED IRS TAX RELIEF TEAM HAS DONE IT AGAIN.

Our client, Kamaljit M. of San Jose, Calif. will get the Fresh Start that he deserves.

NOT EVERYONE IS ELIGIBLE.

IF YOU ARE ELIGIBLE, YOU SHOULD HAVE FLAT FEE TAX SERVICE, INC. PREPARE YOUR IRS SETTLEMENT.

The IRS is continuing its expansion of their Fresh Start Initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear up their tax problems and in many cases more quickly than in the past.

“This phase of Fresh Start will assist financially struggling taxpayers who have faced the most financial hardship in recent years,” said IRS Commissioner Doug Shulman (former IRS Commissioner). “It is part of our multi-year effort to help taxpayers who are struggling to make ends meet.”

Although Doug Shulman is no longer the IRS Commisssioner, the IRS Offer in Compromise Fresh Start program continues.

This announcement focuses on the financial analysis used to determine which taxpayers qualify for an IRS Offer in Compromise settlement (otherwise known as an IRS Settlement). The IRS Fresh Start Initiative also enables some taxpayers to resolve their tax problems in as little as 5 months compared to four or five years in the past.

In certain circumstances, the changes announced include:

• Revising the calculation for the taxpayer’s future income.

• Allowing taxpayers to repay their student loans.

• Allowing taxpayers to pay state and local delinquent taxes.

• Expanding the Allowable Living Expense allowance category and amount.

In general, an IRS Offer in Compromise is an agreement between a financially distressed taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed. An IRS Settlement Offer is generally not accepted if the IRS believes the liability can be paid in full as a lump sum or a through payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination of the taxpayer’s reasonable collection potential.

The IRS recognizes that many taxpayers are still struggling to pay their bills, so the agency has been working to put in place common-sense changes to the Offer in Compromise program to more closely reflect real-world situations.

When the IRS calculates a taxpayer’s reasonable collection potential, it will now look at only one year of future income for offers paid in five or fewer months, down from four years, and two years of future income for offers paid in six to 24 months, down from five years. All settlement offers must be fully paid within 24 months of the date the offer is accepted. The Form 656-B, Offer in Compromise Booklet, and Form 656, Offer in Compromise, has been revised to reflect the changes.

Other changes to the Offer in Compromise program include narrowed parameters and clarification of when a dissipated asset will be included in the calculation of reasonable collection potential. In addition, equity in income producing assets generally will not be included in the calculation of reasonable collection potential for on-going businesses.

DO YOU NEED TO SETTLE WITH THE IRS?

DO YOU HAVE LIMITED FUNDS?

ARE YOU A FINANCIALLY STRUGGLING TAXPAYER?

DO YOU WANT AN ESTABLISHED TAX RELIEF TEAM TO GET YOU OUT OF IRS TROUBLE?

DO YOU WANT THE BEST DEPENDABLE AND AFFORDABLE IRS TAX RESOLUTION TEAM?

CALL FLAT FEE TAX SERVICE, INC.: 1-888-875-4506 ext. 1

FREE, CONFIDENTIAL AND COMPREHENSIVE CONSULTATION.

Flat Fee Tax Service, Inc.:

1. Guided by our Christian Values.
2. Fully Accredited by the Better Business Bureau.
3. A-Rating with the Better Business Bureau.
4. No Client Complaints.
5. 90% of the Flat Fee Tax Service Offer in Compromise Submissions Have Been Accepted by the IRS.
6. Experienced IRS Tax Attorneys.
7. IRS Wage Levies Stopped and Released in One (1) Day.
8. Low and Affordable Fees.
9. Monthly Installments of Fees
10.Positive Results

DO YOU WANT THE BEST?

CALL THE BEST: FLAT FEE TAX SERVICE, INC.

CALL: 1-888-875-4506 EXT 1

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

See Our Better Business Bureau

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.