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

irs 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 to consume 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.

Offer in Compromise Types

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.

An Offer 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 from 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 Lawyer 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.

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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.

Making the Actual IRS Offer in Compromise 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, including 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 acceptable. 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 the 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 counteroffer 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.

If you suspect that you are going to default on a payment plan once they IRS has 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.

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DOES THE OFFER IN COMPROMISE PROGRAM SEEM “COMPLICATED”? WELL, IT IS.

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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.

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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 do 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 offered settlement sooner rather than later.

After determining the value of the settlement offer, the IRS will then turn to a valuation of the taxpayer’s 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.

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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 has received a successful IRS settlement.
  6. Low, Affordable Fees. 10 to 12 months to pay our fees.
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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 has received successful IRS settlements.
6. Low, Affordable Fees for everyone. 10 to 12 months payment plans.
7. Our Clients Receive Positive Results.
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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 fit 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 to miss, unfiled tax returns as well as Penalty Abatement’s, Installment Agreements and placing taxpayers into Currently Uncollectable status.

FLAT FEE TAX SERVICE, INC.

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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 losing 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

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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.        Start your life again.

Have an Income Tax Debt? Do You Owe the IRS Back Taxes? Make the IRS an Offer They Won’t Refuse

The IRS (Internal Revenue Service) has been accepting more partial settlement payment offers. The IRS settlement process can be long and involved, generally requiring taxpayers to show they’re unable to pay the full amount.

The Internal Revenue Service (IRS), through their Fresh Start Initiative, has made it easier for delinquent taxpayers, who are struggling financially, to cut the amount they owe on back taxes.

The IRS has a settlement program called an “offer in compromise,” which develops partial payment plans for taxpayers who can demonstrate that they face problems involving the ability to pay.

The burden of proof rests with the taxpayer. It is the struggling taxpayer who needs to make a legitimate partial payment offer. Although the IRS is free to reject a settlement offer, the IRS has a financial formula that guides their decisions. While it is easier than it once was to have an offer accepted, filling out the forms is no picnic.

The average acceptance rate for taxpayers’ settlement offers, which was under 25 percent as recently as 2010, rose to 42 percent in 2013, according to the IRS. If you are qualified and eligible for an IRS settlement, then you need to take advantage of the Offer in Compromise program while you can.

FLAT FEE TAX SERVICE, INC. HAS A 90% SUCCESS RATE

Choosing an IRS tax resolution firm can feel like a daunting task. Finding a reputable IRS tax relief team that will get you through the complicated IRS Offer in Compromise program and get you the Fresh Start that you need and deserve may feel confusing to you. It need not be. Do your research. Google the company that you are looking at. Check their Better Business Bureau record and reviews. Are their fees fair and reasonable? Will the IRS tax help team that you are considering let you extend the fee payments over 10 to 12 months?

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WHEN YOU NEED THE BEST IRS TAX RELIEF TEAM,

GET THE BEST

https://www.thebestirshelp.com

Taxpayers, who are struggling financially, who demonstrate that their income tax bills cannot be collected must show the IRS that they are, to put it gently, financially challenged. To receive a successful IRS settlement agreement, the taxpayer must acknowledge a tax liability and demonstrate an inability to pay all of it. You are telling and showing the IRS, “Look, you can’t get blood from a turnip.”

Your Offer in Compromise cannot be guaranteed. But, if you cannot pay your tax debt and do not have the funds to pay your income tax liability, then it becomes a matter of proving to the IRS that you deserve a Fresh Start. When the IRS does agree to an Offer in Compromise, your settlement may amount to “the deal of a lifetime.”

Our latest IRS success story had our client, from Murrieta, California, settling her $24,000 income tax debt for a grand total of $400 which was paid in 4 $100 monthly installments.

The easing of the IRS criteria for settlement offers has come in the last few years. In 2012, the IRS changed the way it calculated how much income has to go to repayment. Last year, the formula for figuring the worth of assets, which must also go toward a payment of back taxes. was liberalized.

TAKE ADVANTAGE OF THE CURRENT OFFER IN COMPROMISE RULES BEFORE IT’S TOO LATE

There has never been a better time to make an offer of settlement to the IRS. Our IRS tax relief team has seen reasonable offers, particularly ones in which the government was forgiving less than $50,000, being accepted pretty consistently.

ARE YOU READY TO FIX YOUR IRS INCOME TAX PROBLEM?

CALL: 1-800-589-3078 FOR YOUR CONSULTATION

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FLAT FEE TAX SERVICE, INC.:

  1. Guided by our Christian Values.
  2. Accredited by the Better Business Bureau. A Plus Rating. Check our BBB Reviews.
  3. No Client Complaints. Can Any Other Tax Relief Company Make That Same Claim?
  4. Experienced IRS Tax Attorneys Work Directly With You.
  5. IRS Wage Levies Stopped, Released and Avoided. Same Day Service.
  6. 90% of our Clients, Who Submitted an Offer in Compromise, Have Successfully Settled with the IRS.
  7. Our Clients get Positive Results.

Idaho IRS Offer in Compromise Settlement – One More Successful IRS Settlement By Flat Fee Tax Service

The IRS Tax Relief Team at Flat Fee Tax Service, Inc. is happy and proud to announce our latest successful IRS Offer in Compromise Settlement.

Our Idaho client, John W., has settled his $62,000 IRS Income Tax Debt for $500. THAT’S RIGHT!

John W. came to us in “the usual way.” John was facing seizure of his paycheck due to an IRS wage levy. He was anxious. He was scared. He needed help right away.

After our consultation, John W. of Idaho decided that our IRS tax help team was what he needed to resolve his past tax debt problem. Because John W. had limited money to work with, we stretched his fee payments out for 10 months so he could afford to have his income tax problem solved.

Our experienced IRS Tax Attorneys immediately had the IRS wage levy stopped and then proceeded to put together John’s IRS settlement package.

During our free and confidential consultation, we knew that John was indeed eligible and qualified to have his income tax debt settled.

ARE YOU QUALIFIED AND ELIGIBLE? FIND OUT BY CALLING:

1-800-589-3078

95% OF OUR CLIENTS HAVE RECEIVED A SUCCESSFUL

IRS OFFER IN COMPROMISE SETTLEMENT.

More often than not, our clients initially call us because they are facing an IRS wage levy.

Our experienced IRS Tax Attorneys will have your wage levy (garnishment) stopped and released in 1 day.

Our IRS tax help team knows what the IRS needs to prove that a financially struggling taxpayer is deserving of a settlement and a “Fresh Start.”

The IRS issued over 3.6 million levy notices each and every year for the past several years.

The IRS is very serious about collecting on the income taxes that taxpayers owe to the IRS.

The IRS uses their power to levy and seize to confiscate your assets to pay off your debt to the IRS. The IRS can take “your stuff” (assets) such as your house, autos, boats, bank accounts, your salary and even your Social Security (Social Security Disability and Veteran’s Pensions) checks.

GREAT NEWS

The “Great News” is that the “stop an IRS levy team” at Flat Fee Tax Service, Inc. has IRS levies stopped and released in one business day. In many cases, it is only a matter of hours.

Our tax resolution team will contact the IRS in the effort to prevent you from losing any of your assets as soon as you become our client. We use the IRS rules to find the best possible solution for you, including an Offer in Compromise, an affordable monthly payment plan, or have you declared Currently Not Collectible by the IRS. We also use the IRS laws to your advantage by requesting that the IRS release a levy if the levy is creating a hardship.

An IRS levy of your bank account might seem terrible but pales in comparison to having your income garnished. That’s when most of your paycheck goes to the IRS. If you are a 1099 contractor the IRS will take 100% of your earnings.

The IRS does not care if you don’t have enough money left to pay your bills. The IRS does not care if you do not pay your rent UNLESS YOU HAVE PROFESSIONAL REPRESENTATION.

If you receive a paycheck, up to 70% of every check goes to the IRS each and every payday until the tax debt is paid in full should you decide to do nothing?

BE LIKE JOHN W. OF IDAHO. GET THE HELP THAT YOU NEED. GET THE FRESH START THAT YOU DESERVE.

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

https://www.thebestirshelp.com

Why Flat Fee Tax Service, Inc. has been called “America’s Best and Most Affordable IRS Tax Relief Team:”

1. Guided by our Christian Values.
2. No Client Complaints.
3. Accredited by the Better Business Bureau. A-Rating. Check out our BBB reviews for yourself.
4. Low Affordable Fees. Fees are stretched over 10 months so it is affordable for you.
5. Experienced IRS Tax Attorneys work directly with you.
6. IRS wage levies stopped and released in one (1) day.
7. 95% of our clients have received a successful IRS settlement through the Offer in Compromise program.
8 Our clients get positive results as well as the Fresh Start they deserve.

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Need IRS Levy Release – Stop IRS Garnishment In One Day – Flat Fee Tax Service

An IRS wage garnishment (IRS Levy) is an order from the IRS sent directly to your employer instructing them to withhold a percentage of your paycheck until the tax debt is satisfied. The amount that is to be withheld is calculated on a formula from the IRS based on your exemption amount. The national average is approximately 80-85% of your net income.

YOU CAN’T AFFORD TO HAVE THE IRS TAKE YOUR PAYCHECK.

NO ONE CAN FOR VERY LONG.

An IRS garnishment (IRS Levy) is a continuous levy that will last until the tax debt is paid in full, the IRS garnishment or levy is released, or the statute of limitations expires.

A “continuous levy” means that the IRS will continually (week after week) to take your hard-earned wages until your entire tax debt is paid in full.

STOP YOUR IRS GARNISHMENT IN ONE (1) DAY.

How Do You Stop An IRS Garnishment (IRS Levy)?

CALL FLAT FEE TAX SERVICE, INC. AT 1-888-875-4506 TODAY.

Free & Confidential Consultation. Find Out How We Can Protect You.

If you try to stop an IRS Garnishment on your own, the IRS will require you to be compliant with any required tax filings before releasing your garnishment or levy.

FLAT FEE TAX SERVICE, INC. HAS HAD GREAT SUCCESS STOPPING IRS LEVIES PRIOR TO FILING YOUR MISSING TAX RETURNS.

If there is a tax liability that you cannot pay in full, the IRS will require that the account be resolved. This can be done through an Installment Agreement, Offer In Compromise or Currently Not-Collectible status if there is a hardship. A knowledgeable and experienced tax professional can greatly expedite the process.

America’s Best & Most Affordable IRS Tax Relief Team.

http://www.flatfeetaxservice.us

https://www.thebestirshelp.com

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FLAT FEE TAX SERVICE, INC.:

1. Guided by our Christian Values.
2. Honest, Straightforward and Hard Working.
3. Accredited by the Better Business Bureau. A-Rating. Check out our Reviews for Yourself.
4. No Client Complaints.
5. Experienced IRS Tax Attorneys Will Handle Your IRS Problems.
6. Stop Your IRS Garnishment (IRS Levy) in One (1) Day.
7. 90% of our Clients who have Submitted an Offer in Compromise Have Received a Successful IRS Settlement.
8. Low, Affordable Fees Stretched Out Over 10 Months.
9. Our Clients Get Positive Results.

WHEN YOU WANT AND NEED THE BEST, GET THE BEST TO REPRESENT YOU.

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

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Settlement Ft. Collins Colorado – Flat Fee Tax Service Is The Go To Tax Resolution Company For Your IRS Offer in Compromise

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Settlement Ft. Collins Colorado – Flat Fee Tax Service Is The Go To Tax Resolution Company For Your IRS Offer in Compromise.

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Offer in Compromise – Get Your Fresh Start Now – Flat Fee Tax Service is the Affordable IRS Tax Relief Team

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS Offer in Compromise – Get Your Fresh Start Now – Flat Fee Tax Service is the Affordable IRS Tax 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 ATTORNEYS HAVE 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 Commissioner, 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 a 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 RELIEF TEAM?

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

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 IRS HELP?

CALL THE BEST: FLAT FEE TAX SERVICE, INC.

CALL: 1-800-589-3078

Visit Our Websites:

http://www.flatfeetaxservice.us

https://www.thebestirshelp.com

https://www.facebook.com/thebestirshelp

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