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

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

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

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

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

The above statistics 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.

ARE YOU READY FOR A FRESH START?

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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.
  7. Our Clients Receive Positive Results.

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

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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. An Offer in Compromise is the only IRS program that will allow you to settle tax debt.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 a 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.

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. Therefore, 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 an 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

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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

https://www.facebook.com/thebestirshelp

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 Fresh Start Initiative Provides Taxpayers With IRS Settlement – Flat Fee Tax Service Gives You That Hope

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

Flat Fee IRS Tax Relief – Affordable IRS Levy Help: IRS 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 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 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.

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.

IRS Offer in Compromise – Pros – Cons – Success – Flat Fee Tax Service

The IRS offers a method for financially struggling taxpayers to receive a Fresh Start. You may be able to settle your IRS back tax debt through the Offer in Compromise settlement program.

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

Not Everyone Is Eligible. If You Are Qualified to Settle With the IRS,

You Can Find Out By Calling:

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

You, the financially struggling taxpayer, must weigh the pros and cons of Offer in Compromise in light of the other options available to you. When considering whether to choose this option, you must also consider the advantages and disadvantages. An IRS offer in compromise allows you the opportunity to receive a Fresh Start and reduce your tax liability relative to your current financial situation. However, settling with the IRS by way of Offer in Compromise might be the best option available to you. The requirements for accepting an offer in compromise are stringent and whoever prepares your IRS settlement should have a track record of success.

An Offer in Compromise is not a “back and forth” negotiation with the IRS. An Offer in Compromise is a complicated financial formula that takes into account many factors. For one, the IRS cannot collect on your federal tax liability forever. “The Collection Statute Expiration Date (CSED) prevents the IRS from collecting taxes from after 10 years.” The Statute of Limitations starts on the date of assessment which is not the same as your tax year.

HAPPY CLIENT

If you are qualified and eligible, choosing to pursue an offer in compromise will be worthwhile in terms of reducing your IRS tax liability to a level that is consistent with your current ability to repay. The offer in compromise will put the activities of the IRS collectors on hold.

Although choosing offer in compromise, which is essentially requesting non-collectible status and allowing you to be taken out of collections without the fear of levy or garnishment. If the IRS has deemed you to be Currently not Collectible, you should take the next step and settle with the IRS.

FIND OUT IF YOU QUALIFY.

FREE AND CONFIDENTIAL CONSULTATION: 1-800-589-3078

FEES ON OUR WEBSITES:

http://www.flatfeetaxservice.us

https://www.thebestirshelp.com

https://www.facebook.com/thebestirshelp

FLAT FEE TAX SERVICE, INC.:

1. No Client Complaints.
2. Accredited by the Better Business Bureau.
3. A-Rating with the Better Business Bureau.
4. Low, Fair Fees Paid in Monthly Installments.
5. Experienced IRS Tax Attorneys.
6. IRS Wage levies Stopped and Released in 1 Day.
7. 90% of our Clients have had Successful Offers in Compromise Settlements.
8. Moral, Ethical, Dependable and Thorough.

How To Settle With The IRS – Contact Flat Fee Tax Service, Inc.

Every client of Flat Fee Tax Service, Inc. comes to us because they are struggling financially and have an IRS tax debt that is impossible to pay back. Usually, our clients, before becoming our client, have had a period of procrastination and, most likely, find themselves suffering from an IRS wage levy.

YOU CAN FIX YOUR IRS PROBLEM.

You need to take a positive step forward and decide that “enough is enough.”

YOU DESERVE A FRESH START.

90% of the clients at Flat Fee Tax Service, Inc., who submit an Offer in Compromise, have had their settlement offers accepted by the IRS.

STEPS TO SETTLING WITH THE IRS:

1. Stop the IRS wage levy.
2. Stop enforcement action by the IRS.
3. Flat Fee Tax Service will get you compliant if you need to have unfiled taxes prepared.
4. Settle with the IRS for less if you are qualified and eligible for an IRS Offer in Compromise.

YOU NEED A FRESH START.

WHAT ARE YOU WAITING FOR?

Under 26 U.S.C. § 7122, the IRS can settle what they, the IRS, a claim is owed by you for less than the full amount according to IRS guidelines.

You are eligible for the offer in compromise under 3 conditions:

1) Doubt as to liability: There is a reason for doubt that the assessed tax liability is correct.

2) Doubt as to collectibility: You can show that it is unlikely that the IRS will ever be able to collect the debt in full.

3) Effective Tax Administration: Liability or collectibility doubt do not exist (situations 1 and/or 2 do not apply), but debtor has extenuating or special circumstances which mean that collection of the debt would create an economic hardship or would be unfair and inequitable.

THE ONLY CONDITION YOU SHOULD BE CONCERNED ABOUT IS: DOUBT AS TO COLLECTIBILITY

DOUBT AS TO COLLECTIBILITY

Doubt as to Collectibility is the one Offer in Compromise condition that will get you a settlement of your back tax debt.

To make the case for an Offer in Compromise (OIC) by doubt as to collectibility, a financially struggling taxpayer must establish that it is unlikely that you will ever be able to pay the debt in full. The taxpayer’s reasonable collection potential is based on a complicated financial formula which includes: monthly disposable income, net realizable equity in the taxpayer’s assets and future income. That’s right, the IRS wants you to bring everything you have today and will have tomorrow to the table.

FLAT FEE TAX SERVICE, INC. CAN DETERMINE DURING OUR INITIAL CONSULTATION WHETHER YOU ARE ELIGIBLE OR NOT.

HAPPY CLIENT

As stated above, 90% of the Offer in Compromise prepared by our IRS tax relief team has been successfully accepted by the IRS.

IRS Statistics Have 42% Offer in Compromise Acceptance Nationwide

YOU HAVE NO REASON TO PROCRASTINATE FURTHER.

FREE & CONFIDENTIAL CONSULTATION: 1-800-589-3078

FEES ARE POSTED ON OUR WEBSITES:

http://www.flatfeetaxservice.us

https://www.thebestirshelp.com

https://www.facebook.com/thebestirshelp

FLAT FEE TAX SERVICE, INC.:

1. Nationwide Coverage. Our clients are located worldwide.
2. Accredited by the Better Business Bureau.
3. A-Rating by the Better Business Bureau.
4. Low, affordable fees. Monthly fee arrangements.
5. No client complaints.
6. Experienced IRS Tax Attorneys.
7. IRS wage levies stopped in 1 day.
8. 90% Offer in Compromise success rate.
9. Ethical, Moral, Dependable and Thorough.

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