Thursday, June 30, 2011

IRS Solutions -- Currently not Collectible and IRS Settlement through the Offer in Compromise Program

IF YOU CANNOT PAY THE IRS

CURRENTLY not COLLECTIBLE

Steps for Requesting Currently Not Collectible Status

If a taxpayer cannot make payments to the IRS because of their financial situation, Flat Fee Tax Service, Inc. may be able to request that their account be placed in a non-collectible status  (Currently not Collectible) until their financial situation improves. When an account is in non-collectible status, the IRS will stop trying to collect the debt.

However, a taxpayer should be informed that "Currently not Collectable" status does not prevent interest from accruing on the debt, nor does it prevent the IRS from further penalizing the taxpayer. It will also not prevent the IRS from placing a Federal tax lien on the taxpayer if the debt exceeds $5000. A taxpayer can make voluntary payments to keep the debt under $5000 while in non-collectable status.


The statute of limitations on collections will continue to run while the taxpayer is in non-collectable status (Currently not Collectible). Ordinarily the IRS has 10 years in which to collect a tax debt, however, this may vary depending on an individual taxpayer's situation. If the statute of limitations may be an issue in your case, Flat Fee Tax Service, Inc. will find out the exact CSED date for our client.
Flat Fee Tax Service: Our Steps for Requesting Currently Not Collectable (CNC) Status:
  1. Discuss all the options and consequences of currently not collectable status with taxpayer.
  2. Fill out form 433-F (433-A if debt exceeds $25,000).
  3. If the taxpayer's necessary expenses exceed their income they may be eligible for CNC status.
  4. If the taxpayer has equity in real property the IRS may require that the taxpayer be turned down for a home equity loan before they will place the taxpayer in CNC status. 
  5. Flat Fee Tax Service will then request your client's account be placed in Currently not Collectible (CNC) status and then go through the financial statement.
  6. Within 2 weeks, Flat fee Tax service should have a confirmation that the account has been placed in Currently not Collectible (CNC) status.
NOW THAT YOU ARE 

CURRENTLY not COLLECTIBLE

DOES IT NOT MAKE SENSE

TO FILE FOR AN

OFFER in COMPROMISE




Is Our Client a Good Offer in Compromise (OIC) Candidate?

The Offer in Compromise (OIC) process is the way in which the IRS will settle your back tax debt for less than the amount owed. The IRS does not accept very many requests for Offer in Compromise because the IRS will "kick out" many Offers as being "un-processable" and the process is very lengthy. The IRS will look for any reason to reject your Offer in Compromise. 

I am Dave Rosa, the V. P. of Client relations with Flat Fee tax Service. Inc. I will be conducting your confidential consultation to determine if you are eligible and qualified for an IRS settlement through the Offer in Compromise program. It is my duty to you, as well as Flat Fee Tax Service, Inc., to provide you with an honest and straightforward evaluation of your IRS problem. We do not employ salesmen. We strive to keep our costs as low as possible so that we may pass those savings on to our clients.
We will consider the following things when determining whether you are a good Offer in Compromise (OIC) candidate:
  1. All Required Tax Returns Must be Filed: The taxpayer must have filed all necessary tax returns prior to submitting an offer in compromise.
  2. Current Income and Expenses: Do the taxpayer's expenses currently exceed his or her income? The offer amount formula will require a taxpayer to include in the offer amount any income left after necessary expenses are deducted for each month, times 48 or 60 (depending on the length of time needed to make all payments). 
  3. Taxpayer's Assets: The IRS will typically want 80% of the equity of any assets the taxpayer owns, including cars and houses. If you owe on your autos or lease, this is not an issue. If you rent or have little to no equity in your home, once again, this is not an issue. If your vehicles will be valued at "auction prices."
  4. Taxpayer's Future Earning Potential: If the client is currently unemployed or underemployed but has the potential to earn more in the future, the IRS will be less likely to accept a request for an Offer in Compromise. As an example, if you are a physician and have not been practicing, for whatever reason, and will be going to be going back to work as a physician with a high income, then you may not be eligible. Future Earning Potential is not a factor for hourly workers or workers whose income will stay level.
  5. Is the Amount of the Back Tax Debt Correct?: Not only is there an Offer option called "doubt as to collectibility", there is an Offer in Compromise  option called "doubt as to liability," this allows you to make an offer even if the taxpayer may have the ability to pay the debt, if there is evidence that the debt is incorrect.
Taxpayers should bear in mind however, that the IRS Offer in Compromise program or IRS Penalty Abatement program is a privilege, not a right such as bankruptcy. That being said, it is a very subjective process. The IRS has the final word. The IRS Offer in Compromise (OIC) process is a very complicated drawn out process that can take upwards of nine months to a year and even longer. There are IRS guidelines, rules and protocols established by operation of law, under IRC Section 7122. However, most IRS Offer Examiners (former Revenue Officers) use the Internal Revenue Manual (IRM) as their guide.

FLAT FEE TAX SERVICE
is
AFFORDABLE FOR EVERYONE


$250 RETAINER AND 9 $200.00 PAYMENTS

$2050 TOTAL

AFFORDABLE TAX RELIEF FOR ALL

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


FLAT FEE TAX SERVICE, INC. INCOME TAX RELIEF FEES ARE:
Fixed with no hidden charges
• Payable in monthly installments
• Low initial payment to begin work
• Always competitive and affordable
 

FLAT FEE TAX SERVICE - Good People - Doing Great Work

FLAT FEE TAX SERVICE - Christian Values

FLAT FEE TAX SERVICE - No Complaints

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Wednesday, June 29, 2011

IRS Problems -- Can an IRS Levy from Wages be Stopped if Started -- Yes -- Stop an IRS Wage Levy Today

IRS WAGE LEVY

STOP and RELEASE

in 

1 DAY/24 HOURS




Flat Fee Tax Service, Inc. has been the the nationwide leader in having an IRS Wage Levy stopped and released. If all al your tax returns have been filed, we guarantee to have your IRS Wage levy stopped and and removed within 1 Day/24 Hours of becoming our client.

If you have delinquent tax returns / unfiled tax returns, it will be more difficult because you are "non-compliant" and you have no rights as far as the IRS is concerned.

Flat Fee Tax Service, Inc. has had success in having an IRS Wage levy "lifted" even though our clients have had as many as 5 years of unfiled tax returns. Make no mistake about it, you will have to file your back tax returns. By filing your delinquent tax returns, Flat Fee Tax Service, Inc. can reduce your tax liability and then we can plan on how best to resolve your IRS problem.

You may be eligible for an IRS settlement through the Offer in Compromise program. You may be Currently not Collectible. When calculating an affordable Installment Agreement, it is important to have the correct action plan.


IRS Wage Garnishment (Wage Levy)


If you are a salaried employee, an hourly worker, a commissioned salesperson, on Social Security or Social Security Disability (SSDI), the wage garnishment is a favorite and extremely effective tool the IRS has to collect a back tax debt.

What is an IRS Wage Garnishment (IRS Levy)

An IRS wage garnishment is an order directing your employer or the Social Security Administration to withhold a specified amount from your pay or Social Security benefit and send it to the IRS. An IRS wage garnishment (IRS Levy) will remain in effect until it is released/stopped or the debt is paid in full. An IRS Wage Garnishment will typically will leave you with very little money to live on until there is a disposition on your tax liability.


How is the amount of an IRS Wage Garnishment Determined

The IRS will seize all of your paycheck, wages except for a specific amount that is considered to be exempt from the wage levy. Social Security is limited to 15% through the Federal Payment levy Program (FPLP) unless there is a Manual Levy added to the wage garnishment. The amount that the IRS will leave you with, after the wage garnishment, is based upon the number of exemptions that you claimed at work on your W-4 and the frequency of your paycheck. The IRS will send a table to your employer with the wage garnishment order that tells your employer how much to leave you.

The most important thing to remember is that this table tells them the maximum amount that your employer can pay you, not the amount the IRS can take through the wage garnishment.

This means that no matter how much money you make, the IRS is going to leave you with the same amount of take-home pay-- the amount that is exempt from levy. 

Anything above that amount goes to the IRS.

If you try to make up for an IRS garnishment by working overtime, all of the extra money that you earn from that overtime is going to be sent to the IRS via the wage garnishment. You will get no extra money in your pocket because the IRS wage garnishment instructs your employer to pay the IRS everything over a certain amount.

There is not a set percentage that the IRS can take. If you don't make a lot of money, an IRS wage garnishment / IRS Levy may only come out to them taking 30% of your pay. If you earn a lot of money at your job, the IRS garnishment may result in the government keeping 80% or 90% of your pay.



How can I get an IRS 
Wage Garnishment (Levy) Stopped


Having an IRS wage garnishment / IRS Levy released will typically require that you work very quickly, because even one missed paycheck can really hurt your family's finances. An IRS wage garnishment can typically be stopped if you can propose some kind of resolution to your debt that the IRS believes may ultimately be accepted.



Of course, you can't propose things like payment plans or propose an Offer in Compromise until you have filed all of your tax returns, so the complete plan to release your wage garnishment has to start there. The IRS will usually release a garnishment if you can file (or have a tax professional promise the IRS that your tax returns will be filed) all of your missing tax returns, complete a financial statement, and put a proposal on the table. That proposal can be a Payment Plan/Installment Agreement, an IRS settlement through the Offer in Compromise program, being declared Currently not Collectible or something else.

What if I work as an Independent Contractor?  

Can the IRS Execute an IRS wage levy to my pay?

Yes, the IRS can levy anyone who pays you. If you are an independent contractor, the IRS wage levy would act in the same way as an Accounts Receivable Levy rather than as a wage garnishment. This means that there would be no money that is exempt from levy - the entire amount of your pay would be sent to the IRS, leaving you no money to take home. 

Like an IRS wage garnishment, an Accounts Receivable levy is continuous because it is considered to attach to the contract between you and the person paying you.

Can the IRS take other enforcement actions against me while I’m under a continuous IRS wage garnishment (Levy)?

Yes, the IRS can garnish your pay with an IRS wage garnishment, and then turn around and take more money by levying your bank account. Technically, the IRS should not be able to do this. An IRS wage garnishment provides that a specific amount of money is exempt from the garnishment/levy, which is why you can still get a small paycheck when the IRS garnishes you.

In most cases, this money that was exempt on your paycheck is probably the same money that is now in your bank account. If you can prove to the IRS that the money they took in a bank levy was money that was exempt from a garnishment, then they will release the bank levy. 

The IRS will usually do this after the fact so the combination of a wage garnishment and bank levy will cause you a lot of problems in the meantime. The IRS may finally agree with you that the money in your bank account is the exempt amount, but, you will have to wait for that money to be returned to you.




IF YOU HAVE RECEIVED AN 

IRS NOTICE OF INTENT TO LEVY

OR A 

NOTICE TO LEVY

YOU NEED TO ACT NOW


I am Dave Rosa, the V. P. of Client Relations at Flat Fee Tax Service, Inc. I will be conducting your confidential consultation. It is my duty to you, as well as Flat Fee Tax service, Inc. to provide you with an honest and straightforward evaluation of your IRS problem. There is more to stopping and removing an IRS wage garnishment than simply agreeing to anything that the IRS dictates to you. You have Rights. You have Options. Flat Fee Tax Service, Inc. will have your IRS wage garnishment stopped and released in 1 Day/24 Hours.

WHY FLAT FEE TAX SERVICE TO STOP YOUR IRS GARNISHMENT:
• Experienced Tax Attorneys
• Lower fees, higher value and personal service
• Integrity, credibility and results always 
• IRS Wage Levy Release in 1 day/24 hours




FLAT FEE TAX SERVICE FEES ARE:
• Fixed with no hidden charges
• Payable in monthly installments
• Low initial payment to begin work
• Always competitive, flexible & no salesmen commissions 


FLAT FEE TAX SERVICE - Good People - Great Work

FLAT FEE TAX SERVICE - Christian Values

FLAT FEE TAX SERVICE - No Complaints

FLAT FEE TAX SERVICE, INC.

IRS WAGE GARNISHMENT HELP - LINE

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Click:





Monday, June 27, 2011

An IRS Levy -- Your Paycheck - Your Wages - Your Commissions - Your Social Security - Stop in 1 Day/24 Hours

AN IRS LEVY

STOP & RELEASE

in 

1 Day/24 Hours


Flat Fee Tax Service. Inc. continues to be the nationwide leader in having an IRS Levy on your wages, your paycheck, your Social Security / SSDI stopped and released in 1 Day/24 Hours.





An IRS Levy - IRS Garnishment - What is it?

An IRS levy is a legal seizure of your property to satisfy your back tax debt. An IRS levy is different from a Federal tax lien. A Federal tax lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.

If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in. For instance,
  • The IRS could seize and sell property that you hold (such as your car, boat, or house), or
  • The IRS could levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).

 Social Security Benefits Eligible for the Federal Payment Levy Program

Through the Federal Payment Levy Program (FPLP), Social Security benefit payments outlined in Title II of the Social Security Act, Federal Old-Age, Survivors, and Disability Insurance Benefits, are subject to the 15-percent levy, to pay your delinquent/past due tax debt.

However, benefit payments, such as lump sum death benefits and benefits paid to children, are not included in the FPLP. Additionally, Supplemental Security Income (SSI) payments, under Title XVI, and payments with partial withholding to repay a debt owed to Social Security are not levied through the FPLP.  Beginning February 2011, the Federal Payment Levy Program (FPLP) may exclude certain delinquent taxpayers who receive Social Security or Social Security Disability (SSDI)  payments if their income falls at or below certain established levels, based on the Department of Health and Human Services poverty guidelines. You may be declared Currently not Collectible.

Before your Social Security or Social Security Disability (SSDI) benefits are included in the Federal Payment Levy Program (FPLP), the IRS will send you a final notice of their intent to levy, with appeal rights, if one has not already been issued. If the IRS does not hear from you, or if you have already received this notice, the IRS will send you an additional notice CP 91 or CP 298, Final Notice Before Levy on Social Security Benefits, explaining that your Social Security / Disability (SSDI) benefits may be levied. 

You have 30 days from the date of this notice to make arrangements to pay your tax debt before the IRS will begin to deduct 15 percent from your monthly benefit.

Because the Federal Payment Levy program (FPLP) is used to satisfy past due tax debts, the IRS may levy your Social Security benefits regardless of the amount of your back tax debt or how much you receive in Social Security benefits. This is different from the 1996 Debt Collection Improvement Act which states that the first $750 of monthly Social Security benefits is off limits to satisfy non-tax debts. Fifteen percent of the Social Security benefit will be levied through the FPLP regardless of whether or not the remaining benefit sent to you is less than $750.

Manual Levy (The IRS Can Take as much as They Want)


The IRS is not limited by IRC 6331(h) to taking 15% of your paycheck, your Social Security or your Social Security Disability (SSDI) benefits. The IRS can issue a manual levy that can continuously take ALL of your Social Security / Social Security Disability (SSDI) benefits as well as your paycheck / wages under Internal Revenue Code section 6331(a), which permits an IRS Levy on all your wage, salary or other income [which would include Social Security / Social Security Disability (SSDI)]. The 15% automatic IRS Levy provision is a supplement to the manual IRS Levy power. The IRS can chose the manual approach if it deems fit and attempt to collect more than the automated 15%.

AN IRS MANUEL LEVY MAY HAPPEN IF YOU HAVE MANY YEARS OF 

DELINQUENT / UNFILED TAX RETURNS

When Will the IRS Levy You

The IRS will usually levy only after these three requirements are met:
  • The IRS assessed the tax and sent you a Notice and Demand for Payment;
  • You neglected or refused to pay the tax; and
  • The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (CP 90, CP 91, CP 278, Letter 1058 or LT 11 ) at least 30 days before the levy. The IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested. Please note: if the IRS executes a levy your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy. But then again, you may not.
The IRS will levy your wages, salary, or federal payments {Social Security / Social Security Disability (SSDI)}, the levy will end when:
  • The levy is released,
  • You pay your tax debt, or
  • The time expires for legally collecting the tax.
If You Do Not Have the Money to Pay Your Back Tax Liability

You Need to Look An Offer in Compromise



Stop the IRS Levy - The Settle with the IRS



In order for your offer in compromise to be considered, you must meet the following requirements:
  • You are not a debtor in an open bankruptcy proceeding
  • Include the $150 application fee, or a signed Form 656-A, Income Certification for Offer in Compromise Application fee and Payment. Form 656-A, Income Certification for Offer in Compromise Application Fee and Payment 
  • Submit one of the following payments with the offer:
    • Lump Sum Offer- 20 percent payment or a signed From 656-A, Income Certification for Offer in Compromise Application Fee and Payment
Periodic Payment Offer- The first installment or a signed Form 656-A, Income Certification for Offer in Compromise Application Fee and Payment.

All Taxpayers Do Not Qualify for an 
Offer in Compromise



If you are struggling financially and do not have the assets that can be liquidated to pay off your tax liability, you should look at an IRS settlement through the Offer in Compromise program.

STOP THE IRS LEVY

SETTLE WITH THE IRS

Flat Fee Tax Service, Inc. 
Full Service - IRS Income Tax Help - If you owe the IRS between $10K and $100K; pay only $2050 for full tax service which includes IRS Levy/IRS Wage Garnishment removal, IRS Offer in Compromise or IRS Penalty Abatement.


PAYMENT PLANS AVAILABLE


WHY FLAT FEE TAX RELIEF TO STOP YOUR IRS LEVY AND SETTLE WITH THE IRS
Experienced Tax Attorneys
• Lower fees - higher value
• Integrity, credibility, personal service & results
• No Salesman - No Pressure - No Complaints


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



I am Dave Rosa, the V. P. of Client Relations at Flat Fee Tax Service, Inc. I will be conducting your confidential consultation. It is my duty to you, as well as Flat Fee Tax Service, Inc., to provide you with an honest and straightforward evaluation of your IRS problem so that you know all of your options. We do not employ salesmen and there will never be any pressure on you. We strive to keep our costs as low as possible so that we may pass those savings on to our clients. We, at Flat fee Tax service, Inc., will be a benefit to you.

FLAT FEE TAX RELIEF - Good People - Great Work

FLAT FEE TAX SERVICE - Christian Values

FLAT FEE TAX SERVICE - No Complaints

FLAT FEE TAX SERVICE, INC.

IRS Relief Help - Line

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Fees are Posted on our Website:








Wednesday, June 22, 2011

IRS Problems -- A kinder, gentler IRS is Ready to Help -- If You Know What to Do

OFFER in COMPROMISE
IRS Settlement
Are You Eligible
for a Fresh Start


The IRS has tried to make it easier for taxpayers to settle their tax liabilities by making an IRS settlement through the Offer in Compromise program. In fact, the IRS has expanded the rules to be eligible and qualified for an offer in Compromise. The new expanded IRS program is now called the Fresh Stat Program.

If you're not familiar, an Offer in Compromise is an IRS settlement based on many factors, including your gae, your income, your assets, your allowable expenses, your future income potential and the Statute of Limitations. There are other factors as well. The IRS now includes your credit card payments as well as your student loan obligations.


If you owe federal taxes and due a financial setback, there is little if any chance of you paying your back tax debt, you can ask the IRS to accept a portion of what you owe to settle your tax liability. As written above, this year, the agency has made it easier to qualify for the program. The IRS has streamlined the Offer in Compromise program.

"The IRS took these measures because it is aware that many taxpayers have been struggling to meet their obligations in the wake of the country's economic downturn", said Jennifer A. Jenkins, an IRS spokeswoman.

"To ease the burden on some who are feeling the financial pinch the most, the IRS streamlined and expanded its Offer in Compromise program," Jenkins said.







WHAT ARE YOU WAITING FOR?

Get a Fresh Start Today

For example, in the past taxpayers needed to have a tax liability of less than $25,000 to participate in the program. The tax liability limit for incomes of $100,000 is now $50,000. Also, taxpayers must have incomes of $100,000 or less to be considered for the program.

"Offer in Compromise (OIC) still are subject to acceptance based on legal requirements and consideration of the taxpayer's ability to pay the tax owed," she said.



IF YOU DON'T HAVE THE MONEY TO PAY

the IRS

YOU QUALIFY

There is another added benefit that helps taxpayers already making payments on an Offer in Compromise who are now having trouble making their payments.

Struggling taxpayers can now apply to renegotiate an existing settlement offer to get more manageable payments based on their current financial situation.

You, the taxpayer in need of assistance, may often run into trouble when you dip into your retirement savings to pay bills or make mortgage payments.

The fund trustee is responsible for taking a 20 percent tax bite out of funds withdrawn from a 401(k) or other retirement account, but the taxpayer also is responsible for income tax and another 10 percent penalty for withdrawing money before retirement age.

The total tax on a withdrawal of $100,000, for example, is about $21,000, but the trustee deducts only about $12,000. The taxpayer still must pay income tax and the excise tax, which amounts to another $9,000 in federal taxes, Pancerella said.

If you're taking money out of your retirement account you don't have $9,000 to pay the IRS.


That is why taxpayers should consider all of the remedies available to them, including an Offer in Compromise, before taking cash out of their retirement funds.

IRS employees are now permitted to consider a taxpayer's current income and potential for future income when deciding on an Offer in Compromise, Jenkins said.

Normally, the standard practice is to judge a settlement offer amount on a taxpayer's earnings in prior years. This new step provides greater flexibility when considering an offer in Compromise from the unemployed.

The IRS may require that a taxpayer entering into such a plan agree to pay more if the taxpayer's financial situation improves significantly, Jenkins said.



THE TOOLS ARE HERE FOR YOU


You are not alone. On any given day of the week, there are 20 million of your fellow Americans with an IRS problem. Year in and year out, there are 20 million people who have a similar problem.

IF YOU ARE HURTING FINANCIALLY

SETTLE WITH THE IRS

Call Me for a Fresh Start:

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I am Dave Rosa, the V. P. of Client Relations at Flat Fee Tax Service, Inc. I will be conducting your confidential consultation. It is my duty to you, as well as Flat fee Tax Service, Inc., to provide you with an honest and straightforward evaluation of your IRS problem. We do not have salesmen. We will not waste your precious fees on commissions for salesmen. If you need our help, you do not have a lot of money to begin with. We strive to keep our costs as low as possible so that we may pass those savings on to our clients. You will be better off with our assistance. That's a promise to you.

WHY FLAT FEE TAX SERVICE FOR YOUR IRS PROBLEM
• Experienced Tax Attorneys
• Accredited by the Better Business Bureau - A- Rating
• Integrity, credibility, integrity, personal service & results
• No Salesman - No Pressure - No Complaints - Positive Results

FLAT FEE TAX SERVICE IRS RESOLUTION FEES ARE:
• Flat and Fixed with no hidden charges
• Credit Available to everyone - Small fees payable in monthly installments
• Low initial payment to begin immediate work
• Always competitive and affordable 





FLAT FEE TAX SERVICE - Good People - Great Work

FLAT FEE TAX SERVICE - Christian Values

FLAT FEE TAX SERVICE - No Complaints

THE FLAT FEE TAX SERVICE, INC.

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Fees posted on Our Website: