Sunday, April 24, 2011

Offer in Compromise -- Take Advantage of the IRS While You Can -- Easier OIC Rules

THE OFFER in COMPROMISE PROGRAM





YOU CAN SETTLE

WITH THE IRS

FOR LESS



An IRS Settlement through the IRS Offer in Compromise (OIC) program was established by the U.S. Congress to help taxpayers, like you, who have experienced significant financial problems to get a fresh start. You must be qualified and eligible. IRS back tax debt, penalties and the interest on the penalties can be settled. All federal tax liens can be released once the IRS accepts a settlement through the IRS Offer in Compromise program (OIC) and the negotiated settlement amount is paid. 


THE IRS HAS MADE 

THE OFFER in COMPROMISE PROGRAM 

EASIER


“I’ve made a whole set of changes to the Offer in Compromise (OIC) program since I’ve been here to try to increase the participation rate, increase the acceptance rate, because it’s good for the tax system,” Doug Shulman, the IRS Commissioner said.


TAKE ADVANTAGE OF THE NEW IRS POLICY
WHILE YOU CAN

“These changes to the Offer in Compromise program will help give taxpayers a fresh start,” said Doug Shulman, the IRS commissioner, in a conference call with reporters. These changes “are especially appropriate as the American people and small businesses are climbing out of the worst recession in a generation.”

DON'T BE FOOLISH AND WAIT TOO LONG
BEFORE YOU ACT

“There are a variety of things, all aimed at increasing acceptance rates for an Offer in Compromise, making it a user-friendly thing to apply for,” Shulman said.

IRS CHANGES TO THE 

OFFER in COMPROMISE PROGRAM

More taxpayers will have access to an IRS Settlement via the Offer in Compromise program, which allow you, the taxpayer, to pay less than the full amount of their bill. Under the new program, IRS Settlements via the Offer in Compromise program (OIC) will be available to people with annual income of up to $100,000 will be eligible, up from $50,000 before.

YOU CAN MAKE $100,000 PER YEAR
AND BE ELIGIBLE

If you qualify for a IRS Settlement via the IRS Offer in Compromise (OIC) program, you can save thousands of dollars in back tax debt, penalties and interest. You, theTaxpayer, can negotiate an IRS settlement on all types of back tax debt, including most payroll taxes, penalties as well as the interest on the penalties. It is the closest thing to amnesty that the federal government offers in connection with back tax debt.

THE IRS IS NOT 

WARM & FUZZY


The IRS is still the world's most powerful collection agency with enormous powers. The IRS only task is to collect tax dollars. Even though the IRS has eased up on the eligibilty requirements for the Offer in Compromise program, the IRS will continue to look for ways  to reject the novice taxpayer's settlement petition as "un-processable." 

WHAT IS UN-PROCESSABLE



When your Offer in Compromise petition is submitted to the IRS, your Offer (OIC) is sent to either Tennessee or New York for screening. The IRS is looking for the "i's" not to be dotted and for the uncrossed "t's." The IRS is looking for a missing document.

As soon as the IRS finds something wrong, your Offer in Compromise will be immediately rejected and returned to you as "un-processable" and you will have to start all over again. In the meantime, the IRS will continue to proceed with their collection activity against you.

THE OFFER in COMPROMISE PROGRAM

IS A COMPLICATED FORMULA


Taxpayers should bear in mind however, that a IRS Settlement through the IRS Offer in Compromise program is a privilege, not a right such as bankruptcy. That being said, it is a very subjective process where the IRS has the final word on your settlement offer. The IRS Offer in Compromise program is a very complicated drawn out process that can take upwards of nine months to a year and even longer. There are guidelines, rules and protocols established by operation of law, under IRC Section 7122. However, most IRS Offer in Compromise Examiners (former Revenue Officers) will use the IRS Manual (IRM) as their guide. 


GET A FRESH START ON LIFE

BEFORE THE IRS TIGHTENS UP

THE OFFER in COMPROMISE PROGRAM

Only one of three conditions must be met to qualify a taxpayer for IRS Debt Relief consideration of an IRS Offer in Compromise (OIC) Tax Settlement:

Doubt as to Collectability — you must prove to the IRS that the IRS Tax Debt is likely uncollectible in full by the IRS under any circumstances. Doubt exists that you, the taxpayer, could ever pay the full amount of your tax liability owed within the remainder of the statutory period for collection.

Doubt as to Liability — you can show reason for doubt that the assessed tax liability is correct. A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability IRS Offer in Compromise include: (1) the IRS examiner made a mistake interpreting the law, (2) the IRS Settlement examiner failed to consider the taxpayer’s evidence or (3) the taxpayer has new evidence. 
• Effective Tax Administration — you do not contest your IRS tax liability or collectability but can demonstrate extenuating or special circumstances that the collection of your IRS Tax Debt would "create an economic hardship or would be unfair and inequitable." This form of IRS Offer in Compromise (OIC) program is available for you, the taxpayer, but is primarily used by individuals that are elderly and receiving Social Security or may be disabled and receiving Social Security Disability (SSDI) benefits, or may have special extenuating circumstances.  

DOUBT AS TO COLLECTIBILITY

MEANS



YOU CAN'T PAY

Federal Tax Regulation: 

1. The IRS will not execute a IRS Wage Levy / IRS Tax Levy or Bank Levy against the property or rights to property of a taxpayer who submits a IRS Offer in Compromise (OIC).
2. The IRS will not collect the tax liability that is the subject of the IRS Offer in Compromise (OIC) during the period the IRS Offer in Compromise (OIC) is pending.
3. The IRS will not proceed with collections for 30 days immediately following the rejection of the IRS Offer in Compromise, and for any period when a timely filed appeal from the rejection is being considered by Appeals.

YOUR OFFER in COMPROMISE

IS

PROCESSABLE

Once the IRS decides that your IRS Settlement via the IRS Offer in Compromise program (OIC) is processable for IRS Tax Relief and that the IRS Offer in Compromise includes all the paperwork and forms properly filled out, the IRS must stop all Levy actions under Section 6331.

THE OFFER in COMPROMISE PROCESS

Paying Your IRS Offer in Compromise - In general, a taxpayer must submit a $150.00 application fee and initial payment along with the Form 656, Offer in Compromise. You, theTaxpayer, may chose to pay your IRS Offer in Compromise in one of three payment options:

1.   Lump Sum Cash Offer. 
2.   Short Term Periodic Payment Offer. 
3.   Deferred Periodic Payment Offer. 

Low Income Exemption and Guidelines:

The application fee for the IRS Offer in Compromise is waived if your (not a corporation, partnership or other entity) income falls at or below IRS Low Income Guidelines. Qualifying taxpayers are also exempt from making any IRS Settlement payments while you IRS Offer in Compromise is being investigated.

Five Year Compliance:

If your IRS Offer in Compromise is accepted and you receive an IRS settlement, you must timely file all tax returns and timely pay your tax liability for five years or until the settlement amount is paid in full, whichever period is longer. Failure to adhere to these terms will result in default of your IRS Offer in Compromise and the IRS may then collect the amounts originally owed plus penalties and interest on those penalties.

FLAT FEE TAX RELIEF 

IN THE SERVICE OF

YOU

WHY FLAT FEE TAX RELIEF FOR YOUR OFFER in COMPROMISE
• Experienced Tax Attorneys
• Lower fees - higher value
• Integrity, credibility, personal service & results
• No Salesman - No Pressure

FLAT FEE TAX RELIEF OFFER in COMPROMISE FEES ARE:
• Fixed with no hidden charges
• Payable in monthly installments
• Low initial payment to begin work
• Always competitive and affordable 

Flat Fee Tax Relief IRS Settlement Plan 1 - $2050.00 
If you owe the IRS between $10,000.00 and $100,000.00;

1. Stop the IRS -- IRS Wage Levy / IRS Garnishment Release, 
2. IRS Settlement - Offer in Compromise and,
3. Prepare 3 Tax Returns
4. $250.00 initial retainer & 9 monthly payments of $200.00 ($2050.00 total)

YOU HAVE NO REASON TO STAY IN DEBT TO THE IRS
IF YOU DO
YOU ONLY HAVE YOURSELF TO BLAME

FLAT FEE TAX RELIEF - Good people - Great Work

FLAT FEE TAX RELIEF - Christian Values

The Flat Fee Tax Settlement Help-Line:

1- 800 - 589 - 3078


CLICK ON OUR WEBSITE:


http://www.flatfeetaxservice.us













1 comment:

  1. You can earn up to $100,000 per year and settle with the IRS. Take advantage of the easing of the Offer in Compromise program by the IRS.

    ReplyDelete