Tuesday, August 22, 2017

IRS Garnishing Wages - Stop IRS Wage Garnishment - IRS Tax Attorney

IRS GARNISHING WAGES

IRS WAGE GARNISHMENT FORMULA

The IRS garnishing wages will have the IRS legally seizing any income you make to satisfy federal tax debt or income taxes owed. 


The IRS garnishing wages can apply to your hourly wages, salary, commissions, and bonuses. The IRS will contact your employer directly and order your employer to directly send the IRS a large portion of your income. 



Your employer is required by law to comply with the IRS wage garnishment, typically within one full pay period of receiving the notice from the IRS. The difference between the IRS and most creditors, however, is that the IRS does not need to take you to court to get a judgment to order your employer so that the IRS garnishing wages can happen. The IRS will garnish more of your wages than a regular creditor can garnish.

FLAT FEE TAX SERVICE, INC.'S

IRS TAX ATTORNEY

STOP IRS WAGE GARNISHMENT

IN ONE DAY

IRS Wage Garnishment Formula

With the IRS garnishing wages for an income tax debt that you owe, or use any other legal means to enforce payment of the taxes that you owe, it will first send you a written notice that sets out the amounts that you owe, including the tax, penalties, and interest. 

This notice should also provide you with a due date by which you must pay the balances in full. Assuming that you do not pay the balance in full, you later will receive another notice, entitled “Final Notice of Intent to Levy,” Once thirty days have passed from the time you have received the final notice, and you still have failed to pay the balance due, the IRS garnishing wages will continue unless stopped.

IRS Garnishing Wages - How Much Can The IRS Take?

The law places limits on the amount that a regular creditor can garnish from your wages. However, these normal limits do not apply to the IRS garnishing wages. Rather, the tax code requires the IRS to leave you with a certain amount of income after garnishing your wages to pay your income tax debt. The tax code contains a table that corresponds to the number of exemptions that you claim for tax purposes, and sets forth the amount that is necessary for you and your family to pay for basic living necessities. Unfortunately, an IRS wage garnishment can amount to 70% or more of your income.

Stop IRS Wage Garnishment

There are a number of different ways in which you can resolve your problem with the IRS. To stop an IRS wage garnishment, you must get back into good standing with the IRS, either by paying your balance in full or entering into a tax payment plan or some other type of resolution.

Enter Into an IRS Installment Agreement

The IRS will stop a wage garnishment if you enter into an approved installment agreement to pay your tax debt in full over a series of monthly payment installments. As long as you can make the monthly payments and pay off the debt before the debt becomes uncollectible by the IRS, your installment agreement is likely to be accepted by the IRS.

IRS Settlement - Make an Offer in Compromise

In some cases, you may be able to settle your income taxdebt with the IRS for much less than the total amount that you actually owe, based on your current financial situation. This is a fairly selective program and you have to financially qualify. However, if the IRS garnishing wages gets you motivated, you may qualify for this type of relief, and your IRS wage garnishment will stop while your case is being reviewed.

Uncollectible Due to Financial Hardship

If you can prove to the IRS garnishing wages or other collection action would prevent you from meeting the basic needs of you and your family, then the IRS may temporarily cease its collections efforts for months and even years. In this case, you must show that collection of the debt would be unfair because your financial circumstances are so bad. The IRS will require financials.

File a Tax Levy Appeal

If you disagree with the IRS garnishing wages in any way, you can file an appeal, even if it has been more than 30 days since you received the notice of intent to levy.

FLAT FEE TAX SERVICE, INC.'S

IRS TAX ATTORNEY

WILL STOP IRS WAGE GARNISHMENT

IN ONE DAY

1-800-589-3078

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Monday, August 21, 2017

How to Get an Offer In Compromise Accepted - Flat Fee Tax Service IRS Tax Attorney

How Do You Get Offer In Compromise Accepted?

IF YOU ARE REALLY SERIOUS ABOUT GETTING AN OFFER IN COMPROMISE ACCEPTED YOU USE 
FLAT FEE TAX SERVICE, INC.

IF YOU'RE NOT SERIOUS, YOU DO YOUR OWN 
OFFER IN COMPROMISE

What is Offer in Compromise? 

An Offer in Compromise is a program by IRS (Internal Revenue Service) under 26 U.S.C , § 7122 which allows eligible and qualified taxpayers with an unpaid income tax debt to settle their IRS debt to an amount that is less than the total owed in order to clear an income tax debt. 

Form 656 is used for the checklist to determine if the taxpayer is eligible for the Offer in Compromise program. The objective of the Offer in Compromise (OIC) program is to have the IRS accept a compromise settlement when acceptance is in the best interests of both the taxpayer and the government and promotes voluntary compliance with all future payment and filing requirements.



If you insist on doing your own Offer in Compromise, here are some tips to get an IRS offer in Compromise accepted:

Check Your Eligibility:

The formula to check Offer in Compromise eligibility is: You will take the total income tax debt you owe, minus total assets (reduce your home value by 20%). Take the monthly available income times the months left in the Statute of Limitations (10 years after your assessment date). If this total is less than the total debt your client owes to the IRS less the assets, your client may qualify for an Offer in Compromise. Your Offer in Compromise amount will be 12 times the monthly available income.

95% OF FLAT FEE TAX SERVICE, INC. CLIENTS GET A SUCCESSFUL OFFER IN COMPROMISE

Qualifying for an Offer in Compromise (OIC) does not mean a taxpayer will get their Offer in Compromise (OIC). Needless to say, to obtain an Offer in Compromise (OIC), you must be able to pay the settlement offer, which is the computed amount required to be paid to the IRS to settle your income tax debt.

STILL WANT TO DO YOUR OWN 
OFFER IN COMPROMISE?

Pre-Checks before submitting your Offer in Compromise application:

Your Offer in Compromise (OIC) application will go through a strict financial investigation. Don't think that you, with your limited knowledge, will outsmart the IRS. The IRS will evaluate your income, assets, expenses, and future earning potential. The IRS will even find out if there is any possibility that the taxpayer could pay off the whole debt in future. To avoid any discrepancies and rejection of application please you can follow the checklist below.

1: Before submitting your Offer in Compromise, please make sure that all of your income tax returns have been filed. All the IRS programs including the Offer in Compromise (OIC) are restricted to people who actually filed returns. If you are "non-compliant", you can't do anything with the IRS.

2: There cannot be any open bankruptcy proceedings against your client.

3: Double check all the number you fill in the forms. Every number you put on the form needs to be supported and these supporting documents must accompany the forms. The IRS requires 3 months of documentation. 

Your Offer in Compromise will get rejected 
if you don’t do it correctly. 

It is better to be extra cautious before submitting an Offer in Compromise than to have your offer rejected and start the settlement process again with new application fee and down payment.

Submit your Offer in Compromise:

Here are the steps to submit offer in compromise:

You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF).

1: Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;

2: Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;

3: $186 application fee (non-refundable); and

4: Initial payment (non-refundable) for each Form 656.

Negotiating with IRS Agent (Offer in Compromise Examiner):

1: Although Offer in Compromise (OIC) applications can be submitted through the mail, but if you want to discuss some points with the IRS agent, you will have to call the IRS Offer in Compromise Examiner and review the form with them as well. 

An IRS Tax Attorney can submit your Offer in Compromise application over phone and respond to the queries of IRS agent at the same time.

2: An experienced IRS Tax Attorney will know that the IRS trains their offer examiners to look out for the best interests of the government. The IRS is very good at pressuring. The job of the best IRS help team at Flat Fee Tax Service, Inc. is to not allow the IRS to intimidate and deal with their tactics confidently. Our IRS Tax Attorney(s) gives our clients the best of your service while we protect their rights at all times.

3: Our IRS Tax Attorney will prove to the IRS why you will not be able to pay off the entire income tax debt. Not any and every reason is going to work. We are trained to evaluate claims considering future possibilities. Disability, substance abuse problems, huge balance amounts, dependent care, limited income potential as a result of advanced age, or serious health matters are considered to be as good reasons.

During application review:

While the IRS reviews an Offer in Compromise (OIC) application, cannot accumulate more income tax debt. Keep paying the tax amount and don’t wait for an approval or rejection of your settlement offer (OIC). IRS takes it negatively if you add more tax debt while waiting for results of your application.

What if your Offer in Compromise gets rejected?:

If your settlement offer is rejected, it does not end all the possibilities of your getting a successful Offer in Compromise (OIC). You can apply again following the below points:

1: You may appeal a rejection within 30 days using Request for Appeal of Offer in Compromise, Form 13711 (PDF).

2: The online self-help tool may provide additional assistance on appealing your rejected offer.

3: Your letter should address the issues raised in the Offer in Compromise (OIC) rejection with a supporting document. If the your settlement offer gets accepted this time, you will have the opportunity to renegotiate their rejected offer under more acceptable terms for the IRS.

If you don’t hear back from the IRS within 2 years after submitting an offer, the Offer in Compromise (OIC) will be automatically accepted.

DOES THIS SEEM LIKE SOMETHING YOU WANT TO DO ON YOUR OWN?

CALL THE BEST IRS HELP TEAM AT 
FLAT FEE TAX SERVICE, INC.

FIND OUT IF YOU ARE ELIGIBLE AND QUALIFIED TO SETTLE WITH THE IRS.

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

1-800-589-3078

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Friday, August 18, 2017

Stop an IRS Wage Levy – IRS Tax Levy - Flat Fee Tax Service IRS Tax Attorney

IRS Wage Garnishment | IRS Wage Levy

An wage levy is an IRS tax seizure that forces tax payments from your paycheck towards unpaid back taxes. The IRS will order an employer to collect part of their employees’s paycheck and, remit it directly to the IRS. This action will accomplish two things: It will collect money and  it will get the taxpayers immediate attention. 

Employers will always comply with  IRS wage levy orders since, the IRS holds them responsible for payments. IRS Wage levies remain in effect until, full payment of unpaid back taxes or through knowing the Income Tax Code a stop and release of the IRS levy is obtained.

An IRS wage levy will cause taxpayers financial hardship unnecessary embarrassment since, the IRS notifies payroll employees about unpaid income tax debts.

DO YOU WANT TO STOP AN

 IRS WAGE LEVY IN ONE DAY?

CALL THE IRS TAX ATTORNEY(S) AT

FLAT FEE TAX SERVICE, INC.

1-800-589-3078

THAT'S WHAT YOU DO



Removing and Stopping an IRS Wage Levy

Taxpayers can try and remove IRS wage levy, on their own, by making payment arrangements with the IRS. In the same way, a taxpayer has an opportunity to prevent an IRS wage levy by engaging into an IRS Installment Agreement. 

 The law (IRS Code) requires the IRS follow strict guidelines before applying a wage levy. Successfully removing an IRS wage levy requires experience and knowledge, due in part to, the complexity of a taxpayer’s situation. As a result, it is important to hire a back tax professional, like the best IRS help team at Flat Fee Tax Service, Inc. to review your case.

What You Should Do About An IRS Levy

You know that the IRS has attempted to contact you regarding your unpaid back taxes. When you get an IRS levy, there aren't any big surprises other than "it finally happened".

FLAT FEE TAX SERVICE, INC. ISN'T 
"THE MORALITY POLICE"

WE ONLY CARE ABOUT PROTECTING YOUR RIGHTS

OK, you didn’t make any arrangements to pay back your income tax debt. The IRS had no choice but to levy your paycheck. Yes, an IRS wage levy causing financial hardship. 

DON'T FEEL SORRY FOR YOURSELF
GET YOURSELF AN EXPERIENCED IRS TAX ATTORNEY
WHO CAN STRAIGHTEN THIS OUT FOR YOU

Look, proving hardship is no easy task and, requires careful planning and documentation. Inexperienced requests are likely to be denied and will take more time to resolve. Time you probably don’t have since, your paycheck is due in a week or two. 

It is highly recommended that you hire experienced IRS help when dealing with IRS wage levy problems. Flat Fee Tax Service, Inc. has the best IRS help team that has the knowledge, the skills and experience to accomplish the job on the first try. 

Flat Fee Tax Service, Inc. has IRS Tax Attorney(s) standing by to assist you with IRS wage levy issues. 

WHAT THE HECK ARE YOU WAITING FOR?

DO YOU WANT YOUR IRS WAGE LEVY

STOPPED AND RELEASED TODAY OR NOT?

THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

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Thursday, August 17, 2017

IRS Payment Plan - IRS Installment Agreement - Flat Fee Tax Service IRS Tax Attorney

IRS Payment Plan And IRS Installment Agreement

There is a lot of information regarding the negotiation for an IRS payment plan. This can make the whole tax settlement / resolution experience scary and confusing for you. 

DID YOU AGREE TO TOO MUCH?
 
Of course, the IRS is ready, willing, and able to work with taxpayers to get you into an Installment Agreement. The IRS is not going to help you figure things out. Taxpayers may unknowingly disqualify themselves from an IRS payment plan or IRS installment agreement but nearly every single time, a taxpayer will agree to pay the IRS more than they should..

The various payment plans the IRS provides, depends on each individual taxpayer’s situation. This is key – your individual financial situation. Not everyone gets the same result because, no two situations are alike. Chances are, applying for an IRS tax program is not on the top of your list of fun things to do. 

FORTUNATELY FOR YOU, IT IS AT THE TOP OF THE LIST AT FLAT FEE TAX SERVICE, INC.


IRS Payment Plans and IRS Tax Debt Relief Companies

When hiring an IRS tax resolution / settlement firm, you should feel that they have your best interests at the heart and, have confidence with their people & process. Sometimes, it seems nothing is happening on your case. Working with the IRS is a lot like "watching paint dry". You must remember, you didn’t get into this situation overnight. So, allow the best IRS help team at Flat Fee Tax Service, Inc. to work in your favor and, you might get a tax resolution that amazes you.

IRS Fresh Start Initiative 2017 (Updated 2017)

The IRS came out with a program, several years ago, called the “Fresh Start Initiative”. You might have read about it or heard about it on television and radio. What is this "Fresh Start Initiative" and how can it help you? 

There are several options with this IRS Fresh Start. Let’s shift our focus over to the various tax payment options you might qualify for.

IRS Streamlined Installment Agreement

IRS Streamlined Installment Agreements apply to taxpayers who owe less than $55,000 in back taxes for all years. Instead of the normal 60 months repayment of tax debt, this program allows you to split up your tax debts into 72 monthly installments. The IRS may allow you to omit any financial information as a part of this installment agreement.

6 Year Tax Payment Plan (IRS Six-Year Rule)

This option is for taxpayers who owe over $55,000 in back taxes. Taxpayers must have enough residual income to afford the monthly installments on this IRS payment plan.

The IRS One-Year Rule (One Year of Lower Payments) 

The One-Year Rule is for taxpayers who need help within a given year of their IRS payment plan. This time allows taxpayers to get their expenses under control by, allowing smaller monthly installments during a 12 month period.

IRS Partial Payment Plan

To qualify for IRS Partial Payment Plans, taxpayers must not have residual income or assets. The IRS allows smaller monthly payments which, sometimes results in the taxpayer paying less back tax debt than they owe.

IRS Payment Plan Considerations

Which IRS Installment Agreement is right for you? How do you know if you qualify? The answer to that question is why you need an experienced IRS Tax Attorney. 

A full review of your previous tax filings is the first step. If you haven’t filed all your tax returns, the IRS will not negotiate. You must be compliant to do anything with the IRS.

If you haven’t filed some years, your first step is to file missing tax returns. Back income taxes can overwhelm the average taxpayer. 

FLAT FEE TAX SERVICE, INC. CAN PREPARE YOUR MISSING TAX RETURNS "IN NO TIME"

After submission of all your back tax returns, there will be a waiting period before negotiating IRS payment plans. The IRS will take 60 to 90 days to process your newly filed tax returns.

Remember, as you file past due tax returns, the IRS will be more than happy to send out letters indicating you owe them money.

NO NEED TO PANIC!

THE IRS TAX ATTORNEYS AT FLAT FEE TAX SERVICE, INC. HAS THE EXPERIENCE TO HANDLE THESE IRS NOTICES.

After your tax returns have been processed, then our team can start on settling with the IRS through the IRS Offer in Compromise program should you be eligible and qualified.

If you are not qualified to settle with the IRS, Flat Fee Tax Service, Inc. will negotiate the very best Installment Agreement possible for you. 

CALL THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

FOR YOUR FREE AND CONFIDENTIAL CONSULTATION

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Wednesday, August 16, 2017

Five Best Steps For An IRS Tax Settlement - Offer in Compromise - IRS Tax Attorney

IRS TAX SETTLEMENT

OFFER IN COMPROMISE

Income tax issues with the IRS are a serious financial problem. This is largely due to penalties and interest accruing over time. 

What was once a small $1500 tax debt, may balloon to $2500 or more. Due to IRS penalties and interest, an IRS income tax debt can double in approximately 4 1/2 years. 

You can be sure, the IRS will not forget the income tax debt that you owe. The Automated Collection Systems (ACS) are built to ensure collection actions are swift and efficient. IRS Collections efforts begin with IRS notices and, eventually will lead to seizure action (tax liens, bank levies, wage garnishments, etc). 

IRS enforcement seizure proceedings are complex and costly to the taxpayer. It is important to resolve your income tax debts before the enforcement process begins.

ONCE IRS ENFORCEMENT ACTION STARTS, BE SURE TO HAVE AN IRS TAX ATTORNEY REPRESENT YOU



LET'S GET STARTED WITH THE STEPS OF 
IRS SETTLEMENT

Step 1: Verify How Much You Owe

Don’t assume the amount reflected on the IRS notice is the what you actually owe. The Internal Revenue Service does make many mistakes. In fact, it is your responsibility to prove to the IRS what you owe. 

Before you do anything, you will need to check your income tax files and compare your numbers against the IRS collection notice. The amounts might be different because of penalties and interest, so don’t look for exact numbers. 

If you can’t make sense of it, call the IRS Tax Help Phone at Flat Fee Tax Service, Inc. The best IRS help team at Flat Fee Tax Service, Inc. can figure this out for you very quickly.

IRS Tax Tip: If you did not file a federal income tax return for the year in question, the IRS may have filed what is called a Substitute for Return. A Substitute for Return is NOT A TAX RETURN.  

A Substitute For Return (SFR), usually calculates a higher income tax than, if you were to file on your own. A Substitute for Return provides the IRS with a debt that the IRS can collect.

A SUBSTITUTE FOR RETURN CAN BE CHALLENGED AND AN ACTUAL FEDERAL TAX RETURN CAN BE FILED. 

Step 2: Recalculate Your Back Tax Return(s)

Taxpayers make errors and/or omissions on their income tax return(s), resulting in a superficial tax debt. You want to know what to look for when recalculating your tax return. IRS Code experience is key here. How is your IRS Code knowledge for that specific year?

If after recalculating your tax return, you determine no taxes are owed, congratulations! You just resolved your back tax problem at little or no cost. In addition, the penalties and interest you may have owed, are no longer applicable. All that’s left for you to do, is mail your tax return and follow up with the IRS in a month or so.

If after recalculating your tax return, you can establish that you owe back taxes, proceed to Step 3.

IRS Tax Tip: Form 1040X (Amended US Individual Tax Return) may not be sent electronically. Only original returns may be filed over the internet.

Step 3: Determine How Much You Can Afford Towards Back Taxes

Now that your income tax debt has been verified (Steps 1 & 2), you must evaluate your finances. You either have the money to pay off your income tax debt or you don't. 

THIS IS WHEN YOU SHOULD BE CONSIDERING AN 
IRS SETTLEMENT

Paying an income tax debt is going to affect your standard of living. How much can you pay a month, if you can’t pay the debt of in full? You need to figure this number out, before contemplating any IRS payment plan or IRS tax settlement. 

Paying off an income tax debt, in whole or parts, should not put you and your family out on the street.

95% OF FLAT FEE TAX SERVICE, INC. CLIENTS HAVE HAD A SUCCESSFUL 
OFFER IN COMPROMISE

It is important to note, if paying off your income tax debt creates a financial hardship, you may very well qualify you for an Offer In Compromise.

Step 4: I HAVE The Money To Payoff My Back Tax Debt (Otherwise Skip to Step 5)

Since you have the money, you can resolve your back tax issues. Pay off the tax debt as soon as possible. You need to stop the penalties & interest from accruing against your back taxes. 

The IRS interest rate for 2017 is 4.25% per year, which does NOT include the bigger penalties imposed by the IRS; “failure to pay penalty” or “failure to file penalty”.

IRS Tax Tip: If your income tax debt is substantial, you should weigh out the cost-benefits of hiring an IRS tax settlement firm. 

The IRS Tax Attorney(s) at Flat Fee Tax Service, Inc. may be able to help you reduce penalties and interest, which could end up saving you thousands of dollars.
Step 5: I DO NOT Have The Money

NOW WE ARE TALKING ABOUT AN IRS SETTLEMENT OR BEING DECLARED CURRENTLY NOT COLLECTIBLE

Proceeding from here will vary from taxpayer to taxpayer.

Tax Debt Owed: is between $1500 ~ $8500 (No Financial Hardships):

DON'T WASTE YOUR MONEY

With these back tax amounts, we don’t recommend engaging with a tax relief company. It doesn't make financial sense to hire an IRS tax resolution company. 

The cost benefit to you just isn’t there. We would recommend having a tax professional take a look at your tax returns; if you have not done so already (as indicated in Step 2). Having a professional tax consultant review a return should not cost more than, $100 to $500.
Once the back income tax amount is verified, you can use Form 9465 Installment Agreement Request to initiate process. Remember, only go for this option if, you don’t have a substantial financial hardship. (i.e low-income, death, disability, etc).
Tax Debt Owed: is $8500+ (No Financial Hardships):

If you owe at least $8500 or more to the IRS, you might want to have an IRS tax professional look things over. Specifically, you want to engage with a tax settlement firm that specializes in back tax resolutions. 

The reason for this recommendation is simple, it may save you a lot of money. The larger the debt, the higher our recommendation. 

Two ways they can save you money:
An IRS tax settlement firm knows how to negotiate an installment agreement that works for you. You want a monthly payment that is affordable. If the IRS pushes back on a monthly payment that you feel is affordable, your settlement firm should be able to push back.  
Knowledge of the IRS Code and experience comes into play with all IRS negotiations.
It is not guaranteed but, a tax settlement firm might be able to remove penalties and interest from your back tax bill. Depending on how much you owe, saving money on penalties and interest could, greatly outweigh the costs of professional back tax help. Not to mention, they do all the work for you.

I DO NOT Have the Money (Do-It-Yourself):

Obtaining an IRS tax settlement, can be accomplished on your own. When it comes to taxes, the IRS likes individuals to handle things themselves. Why, you may ask? 

 YOU DON'T KNOW THE IRS CODE AND YOU DON'T HAVE ANY IDEA WHAT YOUR RIGHTS AND OPTIONS ARE.

Again, if the amount you owe is substantial, it is highly recommend ed you have an IRS Tax Attorney handle your IRS negotiations. 

IRS financial hardship cases are complex and require a lot of experience to get it done right. If after considering these points, you decide to settle your taxes on your own, you need to familiarize yourself with all the Fresh Start options. 

We further recommend you contemplate why those options exists and determine where you fit in. We recommend reading the IRS Code before you started. 

CALL THE BEST IRS TEAM AT FLAT FEE TAX SERVICE, INC. FOR YOUR FREE AND CONFIDENTIAL CONSULTATION

FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3089

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