Tuesday, August 30, 2011

IRS Unfiled Tax Returns -- Become IRS Compliant and Settle with the IRS

WHAT TO DO ABOUT
UNFILED TAX RETURNS

Filing late tax returns, delinquent tax returns, unfiled tax returns can be remedied. Now.




Once you, the taxpayer, have failed to file one (1) tax return, it isn't surprising that you will soon have unfiled tax returns for a second (2nd) year, then a third (3rd), a fourth (4th) and so on. 

Flat Fee Tax Service, Inc. has helped taxpayers who have gone as long as twenty (20) years with having failed to file their delinquent tax returns. Make no mistake about it, the IRS will catch up to you. When the IRS takes action against you for having unfiled tax returns, "it won't be pretty."

THE IRS 

WILL FILE 

SFR'S

SUBSTITUTE FOR RETURNS

A Substitute for Return is not a tax return. A Substitute for Return, or SFR, is an assessment that creates a tax debt and allows the IRS to then seize your assets, levy (or garnish) your paycheck, your wages, your Social Security, your state of Federal tax returns or bank accounts.

THE IRS 

WILL 

DROP THE HAMMER


ON YOU

IF YOU HAVE 

DELINQUENT TAX RETURNS

If you have delinquent tax returns, unfiled tax returns and haven't filed tax returns, you have waived your Rights as far as the IRS is concerned. 

YOU WILL:
  1. Have the IRS file an SFR (Substitute for Return) against you. This will result in a tax assessment against you.
  2. Have given the IRS the Right and Authority to Levy your assets and file a Federal Tax Lien against you.
  3. Then have a tax assessment which will have penalties and interest for unfiled tax returns added. These penalties and interest on the penalties will be bury you financially.
  4. Be unable to enter into an IRS Installment Agreement. It will not matter if you "beg for mercy." It will not matter how destitute you become due to an IRS levy for unfiled tax returns.
  5. Be unable to settle with the IRS until you are Compliant. 
YOU WILL BE POWERLESS

AGAINST THE IRS

THAT'S THE FACTS

Flat Fee Tax Service, Inc. has seen this played out, over the years, many times. Nearly all of our clients have initially called us due to an IRS Levy. Usually we receive an inquiry due to a taxpayer having their paycheck, wages, Social Security or Bank account being seized.

Nearly all of our clients, at Flat Fee Tax Service, Inc., have tax returns that have not been filed and now they find themselves in a very bad place. They have an IRS Wage Levy, limited funds and, seemingly, no where to turn. Fortunately for them, Flat Fee Tax Service, Inc. has many years of IRS experience and has had great success in having an IRS levy lifted / an IRS levy removed / an IRS levy released prior to having the necessary tax returns filed that will make our client compliant in the eyes of the IRS.

THE FLAT FEE TAX SERVICE, INC.

PROCESS

The Flat Fee Tax Service, Inc. process for your IRS tax return problems is methodical, diligent and thorough. It doesn't matter if you have your tax records or whether your tax records are lost. Our clients are provided an easy to follow "tax organizer" from which we will prepare your delinquent tax returns. All available tax records will be secured from our client and IRS transcripts will be requested for the unfiled tax years.

Your tax returns will be based on the "tax organizer", your records and the IRS transcripts. Flat Fee tax Service, Inc. will work to make sure that your tax returns are "audit proof" as much as possible. 

Flat Fee Tax Service, Inc. will review your bank records, your monthly income and your expenses. From this information it will be determined whether your tax returns will get by IRS security.

THE FLAT FEE TAX SERVICE, INC. PROCESS:
  1. A year by year review of your income and expenses.
  2. The experienced IRS professionals at Flat Fee Tax Service, Inc. will review all records that you may have pertaining to the tax year(s) to be filed.
  3. Flat Fee Tax Service, Inc. will review all IRS information that has been received from 3rd party sources that has been reported to the IRS computer system over the past 7 years.
  4. If your records have been lost, Flat Fee Tax Service, Inc. will help you, our client, the taxpayer, reconstruct them.
  5. Flat Fee Tax Service, Inc. will prepare, based on our many years of experience, a "reconstructed" tax return that will be accepted and processed by the IRS.
  6. Flat Fee Tax Service, Inc. will review with our client all tax returns for accuracy prior to submission to the IRS.
NOW THAT YOUR TAX RETURNS

ARE FILED

LET'S LOOK AT AN

IRS SETTLEMENT

IRS TAX SETTLEMENTS: An IRS settlement can come in many different forms.

  • IRS Hardship Settlement - This is when a client is so financially distressed that he/she needs to be declared Currently not Collectible. Currently not Collectible cases are usually for a period of 18 to 36 months. The IRS will periodically check to see if your financial status has changed. If your allowable expenses continue to be less than you bring in, you will continue to be left alone by the IRS. A Federal Tax Lien will most likely be filed but if your financial condition is such, that tax lien will have little impact on you. The Statute of Limitations will continue and you may not end up paying anything toward your back tax debt.
  • IRS Installment Agreement - This is a payment plan on your tax debt. An IRS Installment Agreement is more complicated than merely dividing up the amount you owe by the number of months you are given to pay your tax liability. Factors to be considered are: can your tax liability be reduced by having the penalties and interest eliminated due to "reasonable cause." A "reasonable cause" of your back tax debt could be many things such as a divorce, business failure, loss of income, medical conditions or bad tax advice. You only get 1 shot at a Penalty Abatement for "reasonable cause" so it needs to be done correctly. Have an experienced IRS tax professional prepare your Penalty Abatement. Can your tax debt be reduced by amending your tax returns? The experienced tax preparers at Flat Fee Tax Service, Inc. have helped many clients through the years reduce their tax liability because we have reviewed and amended past tax returns.
  • IRS Offer in Compromise - If you are qualified and eligible for an IRS settlement through the Offer in Compromise program, you need to pursue this. The Offer in Compromise program is a complicated formula that allows a taxpayer to settle with the IRS. It is based mostly on your income, your assets and what is known as allowable expenses. The IRS has recently made the Offer in Compromise program easier to qualify for. This new IRS settlement is know as the Streamlined Offer in Compromise. The IRS has increased the income and tax debt owed by individuals who may be eligible and qualified for an Offer in Compromise. The IRS tax professionals at Flat Fee Tax Service, Inc. will be able to let you know if you are qualified for a Streamlined Offer in Compromise.

I am Dave Rosa, the V. P. of Client Relations at Flat Fee Tax Service, Inc. I will be conducting your free and confidential consultation. It is my duty to you, as well as Flat Fee Tax Service, Inc., to provide you with an honest, in-depth and straightforward evaluation of your IRS problem. It is my job to provide you with an action plan that will provide you with the IRS tax relief that you need at this time.   

WHY FLAT FEE TAX SERVICE FOR YOUR UNFILED TAX RETURNS:
  • Experienced IRS Tax Attorneys
  • Experienced and Certified IRS Tax Preparers
  • Credibility
  • Diligent
  • Results
FLAT FEE TAX SERVICE INC. FEES:
  • Affordable
  • Reasonable
  • More than Competitive
  • Low Initial Retainer
  • Low Monthly Fees
FLAT FEE IRS TAX SOLUTIONS - Christian Values

FLAT FEE IRS TAX SOLUTIONS - No Complaints

FLAT FEE IRS TAX SOLUTIONS - Affordable Fees

FLAT FEE IRS TAX SOLUTIONS - Great People - Doing Great Work

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Sunday, August 28, 2011

IRS Installment Agreements -- IRS Payment Plans -- What You Need to Know



IRS INSTALLMENT AGREEMENTS


IRS PAYMENT PLANS


WHAT YOU NEED TO KNOW


If you cannot pay the IRS your back tax debt right away, but have the assets and/or income to pay the amount or part of the amount over time, an IRS installment agreement may be a good choice for you.
An IRS installment agreement (IA) is one of the most common method for individuals to arrange payment for back taxes owed with the IRS. If you are filing your taxes and know you cannot pay the entire amount of your tax debt, some taxpayers send in the installment agreement form with their tax return.
IRS Streamlined Payment Plans - IRS installment agreements are typically easy to obtain when the tax amount owed is under $25,000 because the IRS gives you a number and you agree to it and that is it. What could possibly be easier for the IRS. You call the IRS, the IRS tells you what the payment will be, you automatically agree to the payment plan and the IRS closes your file. Usually, a nervous and anxiety filled taxpayer will call the IRS and agree to just about anything. The IRS will not require your financials (pay stubs, bank statements, etc.) if you owe less than $25,000. Before you agree to anything with the IRS, you need to make sure that all of your allowable expenses (rent, mortgage, car payments, health insurance, etc.) are taken into consideration. Before you agree to an IRS Installment Agreement, you need to know if you are eligible and qualified for an IRS settlement through the Offer in Compromise program.



CAN YOU REDUCE YOUR TAX DEBT?


I am Dave Rosa, the V.P. of Client Relations at Flat Fee Tax Service, Inc. I will be conducting your free and 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. The reason Flat Fee Tax Service, Inc. has been complaint free is because we will not accept a case when we cannot benefit our client. There is more to an IRS Installment Agreement than agreeing to "a number." 
Before you agree to an IRS Installment Agreement (IA), there are many factors to be considered:
  1. Where in relation to the Statute of Limitations is your tax liability?
  2. Can your tax debt be reduced by amending your tax returns?
  3. Can the Penalties and Interest that the IRS has added to your back tax debt be eliminated due to "reasonable cause?"
  4. Are you qualified and eligible for an IRS settlement through the Offer in Compromise program?
  5. Is your financial condition such that you should be declared Currently not Collectible?
  6. How much money do you have left after your allowable expenses are factored in?
An Installment Agreement (IA) will get a your IRS levy released but you may also qualify:
  • for an IRS settlement of your back tax debt through the Offer In Compromise program, an elimination of the penalties and interest through a Penalty Abatement, you may be declared Currently not Collectible, bankruptcy and so on.

A Federal tax lien has generally been more prevalent before this year when the IRS decided generally to withdraw or not file a Federal tax lien if a taxpayer sets up a Direct Debit Installment Agreement or Installment Agreement that requires monthly payments be deducted directly from their bank account.
As mentioned previously, should you owe the iRS more than $25,000 you will be required to complete a an IRS Form 433-F as well as provide 3 months of pay stubs, 3 months of bank statements and other financial material.

Types of IRS Installment Agreements

There are different types of Installment Agreements, which allow you to pay IRS taxes over a series of monthly payments if you cannot pay in full. Below you find the most common types of IAs, and a link to each which will provide you the details as to how to file, their specific requirements, and their details.

Guaranteed Installment Agreement - This is the simplest type of Installment Agreement and is for taxpayers who owe $10k or less in taxes.

Streamlined Installment Agreement is intended for taxpayers that have tax debt of $25k or less. It is deemed "Streamlined" because it will not require full financial disclosure.

Financially Verified Installment Agreement - If you owe over $25k or you can't make the minimum monthly payment on a Streamlined Installment Agreement you want to look at getting this type of installment agreement. It has many names, but basically will require you to fill out Form 433 to fully verify your financial situation. A tax professional is best to work with here.

Installment Agreement Over $100K - If you owe over $100K, your debt will be assigned to the "Big Dollar" division of the IRS and you will have a Revenue Officer assigned to your case. Your case will be more complicated and you will need a longer term installment agreement.

Sometimes in this case, the IRS will require you to sell off assets to satisfy some of your debt before offering you this type of IRS Installment Agreement (I)A. It is highly recommended that you use an experienced IRS professional for this negotiation.

Partial Payment Installment Agreement - If you are truly unable to pay off your taxes, you may be declared Currently not Collectible or you can look to apply for a Part-Pay Installment Agreement (IA) which will require you to pay less than you owe in full over time (as part of your debt falls of each period due to the Statute of Limitations. This is rarely accepted and requires full financial disclosure so a tax professional is best to work with here.

Before you think of applying for a Partial Payment Installment Agreement, you need to consider an Offer in Compromise which, most likely, would be the easier "way to go."
With all types of Installment Agreements, you can utilize IRS Form 9465, the "Installment Agreement Request," as part of the process of requesting an IRS Installment Agreement. If you owe less than $25,000 including penalties and interest you can use the Online Payment Agreement application located on the IRS's website, otherwise an IRS Installment Agreement (IA) over $25,000 would require more paperwork including a collections information statement.

Fees and Process for Common IRS Installment Agreements

When setting up an "everyday" (common) IRS installment agreement like a Guaranteed or Streamlined installment agreement you will also have to pay a one time fee that is paid with the first monthly payment. The fees are the following:

- $52 for a new installment agreement that is direct debt (deducted directly from your bank account). This, in most cases, will prevent a Federal tax lien from being filed or after a few payments lead to the withdrawal of one. The drawback is this: The IRS has your banking information and can potentially levy your bank account if you default on the Installment Agreement.

- $105 for a new installment agreement that is not direct debit. (payroll deduction, credit card, online payment option, money order or check).

- $45 for restructuring or reinstating an existing installment agreement.

The IRS will accept or reject your installment agreement request usually within a 30 day period. The IRS must accept your request if you meet some basic requirements (if you filed a guaranteed Installment Agreement (IA) and you meet requirements). Read the IRS requirements for each by visiting the specific Installment Agreement (IA) you are interested in or is most appropriate for you.

The IRS can back out of the Installment Agreement
If you do miss a payment due to a change in financial condition it is important to contact the IRS immediately, preferably by your experienced IRS tax representative. Once payments are missed the IRS can (most likely) place a Federal tax lien on your assets (if they didn't file a tax lien when you agreed to an Installment Agreement in the 1st place) or the IRS could place a tax levy on your paycheck (wage garnishment), bank account, or social security.

WHY FLAT FEE TAX SERVICE, INC. FOR YOUR IRS PAYMENT PLAN
                           FLAT FEE IRS PROBLEM SOLVERS - Christian Values

FLAT FEE IRS PROBLEM SOLVERS - No Complaints

FLAT FEE IRS PROBLEM SOLVERS - Affordable Fees

FLAT FEE IRS PROBLEM SOLVERS - Good People - Doing Great Work



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Thursday, August 25, 2011

IRS Solutions -- What to do about an IRS CP 504 Notice -- Stop an IRS Levy Today


IRS Certified Mail - CP 504

Have you received certified mail from the IRS. Did you pick it up? If you haven't, you should. 

  • Are wondering what the CP 504 (or other IRS Notice) means, and 
  • Are you wondering what you can do about it?

DOES THIS LOOK FAMILIAR?

URGENT!

We (THE "WE" IS THE IRS) intend to levy ("LEVY" MEANS TAKE OR SEIZE) on certain assets ("ASSETS" MEANS YOUR PAYCHECK OR BANK ACCOUNT). Please respond NOW.

Our records (THAT'S THE IRS's VERSION OF YOUR TAX DEBT) indicate that you haven't paid the amount you owe. The law requires that you pay your tax at the time you file your return. This is your notice, as required by Internal Revenue Code Section 6331(d), of our intent to levy (take) any state tax refunds that you may be entitled to if we don't receive your payment in full. In addition, we ("WE" IS THE ALL KNOWING COMPUTER known as AUTOMATED COLLECTION SYSTEM or "ACS") will begin to search for other assets ("ASSETS" ARE YOUR PAYCHECK, YOUR WAGES, YOUR COMMISSIONS, YOUR SOCIAL SECURITY, YOUR BANK ACCOUNT) we may levy. We (the IRS) can also file a Notice of Federal Tax Lien, if we haven't already done so. To prevent collection action, please pay the current balance now. If you've already paid, can't pay (YOU MAY BE ELIGIBLE FOR AN OFFER in COMPROMISE or YOU MAY BE CURRENTLY not COLLECTIBLE), or have arranged for an installment agreement (BEFORE YOU AGREE TO AN IRS INSTALLMENT AGREEMENT, CONSULT WITH AN EXPERIENCED IRS TAX PROFESSIONAL).




Taxpayers, who owe the IRS a back tax debt, want to know the answers to the following questions once they receive a CP 504:

  1. What is the IRS Notice, CP 504, telling me?
  2. What do I need to do before I have an IRS Wage Levy?
  3. How much time do I have before the IRS executes a Wage Levy?
  4. What happens if I don’t pay the IRS or ignore a Notice CP 504?
  5. Who can I contact for IRS Tax Relief Help?
FOR ANSWERS TO THESE QUESTIONS

CALL ME


I am Dave Rosa, the V.P. of Client Relations at Flat Fee Tax Service, Inc. I will be conducting your free and 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. It is our responsibility to provide you with an action plan that will be a solution to you your IRS back tax debt problem at the lowest possible fee.

The most important thing for you, the taxpayer, to do at this point is to take action to address the immediate threat to your paycheck, your wages or your Social Security benefit. A notification from the IRS stating their Intent to Levy, to “take” your financial assets, is no "laughing matter" and is a serious concern. 

THE IRS MEANS BUSINESS

THE IRS

IS NOT JOKING AROUND



Taxpayers, who have received an IRS Notice CP 504 (or any of the other serious Notices), should speak with an experienced IRS tax professional who specializes in IRS Levy problems as well as in IRS settlements through the Offer in Compromise program.

During your consultation with us at Flat Fee Tax Service, Inc., we will explain in detail, all of your options and what we believe to be your best course of action.

WHY FLAT FEE TAX SERVICE, INC. FOR YOUR IRS SOLUTIONS:
  • Experienced IRS Tax Attorneys
  • IRS Wage Levy Stopped in 1 Day / 24 Hours
  • Credibility
  • Integrity
  • Responsiveness
  • Results
FLAT FEE TAX SERVICE, INC. FEES ARE:
  • Affordable, with
  • Low Initial Retainer
  • Low Monthly Fees
  • More than Competitive, and
  • Very Reasonable
FLAT FEE IRS BACK TAX SOLUTIONS - Christian Values

FLAT FEE IRS BACK TAX SOLUTIONS - Good People

FLAT FEE IRS BACK TAX SOLUTIONS - Great Results

FLAT FEE IRS BACK TAX SOLUTIONS - Affordable Fees


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Thursday, August 18, 2011

IRS AUDIT RESULTS -- IRS LEVY UP -- IRS LIENS UP -- IRS SEIZURES UP

IRS AUDITS ARE UP
THAT MEANS
IRS LEVY
AND
IRS LIENS
WILL FOLLOW
The number of federal individual income tax returns examined by the IRS (Internal Revenue Service) has continuously increased over the past five years, with 1 out of every 90 taxpayers examined in fiscal year 2010, according to a statistical report released today (8/17/11) by the Treasury Inspector General for Tax Administration. That’s up 23 percent from fiscal year 2006, when 1 of every 103 individual returns was examined. The IRS has also increased the overall use of enforcement tools (liens, levies, and seizures).
IRS LIENS
IRS LEVIES
IRS SEIZURES
UP!


UP!


UP!
The Treasury Inspector General for Tax Administration (TIGTA) gives the IRS credit for having to operate in an environment of ever changing tax laws (how do you think taxpayers feel?). The American Recovery and Reinvestment Act of 2009, for example, included 56 tax provisions (20 related to individual taxpayers), and The Worker, Homeownership, and Business Assistance Act of 2009 revised the First-Time Homebuyer Credit, causing untold confusion. More Federal tax laws means more Federal tax laws to enforce (more penalties and interest to collect); more changes mean it’s more likely taxpayers will mess up which means more penalties and interest to collect (which means more revenue for the Federal Government).
"The increase in IRS tax enforcement (as well as state) is all for the greater good of maintaining a voluntary tax compliance system", the report says. IRS Oversight Board studies of taxpayer attitudes showed that fear of an IRS examination is a major factor influencing taxpayers to report taxes honestly.  In 2010, 64 percent of all taxpayers surveyed cited fear of an IRS examination as a factor that influenced their voluntary compliance (up from 63% in 2009). Yet an astonishing 12 percent of taxpayers believed that it was acceptable to cheat on their Federal income taxes.
One teeny weeny bit of good news for those fearing a full-blown IRS audit is that you’re way more likely to get an audit by mail, although both in-person and by-mail IRS examinations are up over last year. Only 1 out of every 503 individual returns filed got a face-to-face examination in fiscal 2010 (a 4 percent increase in coverage over fiscal year 2009), while 1 of every 110 returns got an audit by mail (a more than 8 percent increase over fiscal year 2009).
IRS LEVY INCREASED 4%
IRS LIENS INCREASED 74%
IRS SEIZURES
ALL-TIME HIGH



The most troubling IRS problem for taxpayers is the increased use of Federal tax liens, an IRS levy (paycheck, wages, Social Security, bank accounts, etc.) and IRS seizure of assets (cars, boats, etc.). The use of IRS tax liens has increased by 74 percent since fiscal year 2006, with this year’s increase the largest since fiscal year 2007. The total number of IRS tax levies (paychecks, wages, banks, Social Security benefits, etc.) increased by 4 percent, and the total number of IRS seizures (cars, boats, various assets) increased 4 percent. The National Taxpayer Advocate, Nina E. Olson, has argued that Federal Tax Liens are inappropriate in some cases, given the impact the Federal Tax Lien has on a delinquent’s ability to earn a living, pay off his delinquent tax debt and even stay off public assistance. No kidding.
Publicly filed Federal Tax Liens can destroy credit and potentially wreck careers and businesses.
IRS ENFORCED COLLECTIONS 
UP
18%
Enforcement revenue, by the IRS, collected during fiscal year 2010 increased by 18 percent from $48.9 billion to $57.6 billion. This amount (not adjusted for inflation) is the first increase since fiscal year 2007. These numbers could be higher, but the collection folks are unable to work all of the existing accounts with current staffing, the report says. Sounds like a call for more compliance staff, and more exams. Look out for increased collection from the IRS.
IF YOU OWE THE IRS
YOU WILL
BE LEVIED
YOU CAN COUNT ON IT
The Federal Government is broke. If you read a newspaper or watch the news then you are aware that the Federal Government is desperately looking for money. The job of the IRS is to collect money. That is their only job. The IRS has enormous power and the IRS will use their collection powers to bring you to your knees.
THE IRS WILL 
LEAVE YOU
WITH 
NEARLY NOTHING
IF YOU
DO NOTHING
I am Dave Rosa, the V. P. of Client Relations at Flat Fee Tax Service, Inc. I will conduct your confidential consultation. It is my duty to you, as well as Flat Fee Tax Service, Inc., to provide you with an honest, straightforward evaluation of your IRS problem. We will provide you with an action plan that will be your road map to an IRS solution. You will never be pressured by Flat Fee Tax Service, Inc.
WHY FLAT FEE TAX SERVICE - IRS SOLUTIONS:
  • Experienced IRS Tax Attorneys
  • Credibility
  • Integrity
  • Personal Service
  • No Salespeople
  • Low Fees
  • No pressure
  • No Complaints
  • Results
FLAT FEE TAX SERVICE, INC. FEES ARE:
  • Fixed
  • Low Initial Retainer
  • Low Monthly Fees
  • No Hidden Charges
  • Affordable
FLAT FEE IRS SOLUTIONS - Christian Values

FLAT FEE IRS SOLUTIONS - Good People - Great Work

FLAT FEE IRS SOLUTIONS - No Complaints

FLAT FEE IRS SOLUTIONS - Affordable Fees

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