Thursday, May 31, 2012

IRS Fresh Start Adds Flexibility and Eases Eligibility to Offer in Compromise Program

IRS OFFERS FRESH START

and

MORE FLEXIBILITY

for

STRUGGLING TAXPAYERS

On 5/21/2012, the IRS announced more changes to the IRS settlement program known as an Offer in Compromise. The IRS has initiated a "fresh start" program designed to help financially struggling taxpayers in IR-2012-53 (dated 5/21/12). The most recent changes address the financial analysis which is a complicated formula used by the IRS to determine eligibility in the Offer in Compromise program as set forth in the Internal Revenue Manual (RM Parts 5.8 and 5.15).

HERE'S THE



THE IRS FRESH START CHANGES INCLUDE: 
  • Revising the Calculation of Future Income [IRM 5.8.5.23 (2/23/10)] - If a struggling taxpayer can pay their back tax debt in five (5) months or less, the IRS will consider only one (1) year of future income. The IRS will also only consider two (2) years of a struggling taxpayer's future income if that taxpayer can pay the IRS settlement amount within six (6) to twenty-four (24) months. 
  • Allowing Re-Payment of Student Loans [IRM 5.8.5.20.4(3) (10-22-10)] - The IRS has announced that they will now allow credit for student loan payments made on federally guaranteed student loans for post secondary education.
  • Allowing for Payment of Delinquent State and Local Taxes [IRM 5.8.5.20.4(7) (10-22-10)] - Based on a percentage of taxes owed to a state and the IRS, the IRS will now allow, in most cases, payment for the delinquent back tax debt. Prior to this IRS announcement, monthly payments to a state or local taxing authority were not considered by the IRS to be "necessary expenses" even if that state or local taxing agency had a tax lien that was senior to any IRS tax lien. Previously, the IRS did not consider a wage garnishment or installment agreement by or with a state or local tax agency to be a "necessary expense." 
  • Expanding the National Standard Miscellaneous Allowance [IRM 5.15.1.8 (10-2-09)] - credit card payments, bank charges and fees are now considered by the IRS to be "necessary expenses." The miscellaneous allowance are expenses that a struggling taxpayer may incur that are not included in any other allowable living expense. 
  • Modifying the Parameters for Calculating the "Reasonable Collection Potential" (RCP) [IRM 5.8.5.1 (9-23-08)] - Significant changes have been made by the IRS to the definition of equity in income producing assets for an on-going business [IRS 5.8.5.5.1 (10-22-10)], evaluating money in bank accounts [IRM 5.8.5.6 (10-22-10)], as well as evaluating dissipated assets [IRM 5.8.5.16 (10-22-10)], retired debt [IRM 5.8.5.17 (10-22-10)] and transportation expenses for older vehicles [IRM 5.8.5.20.3 (10-22-10)]

THE IRS DID NOT BECOME 

WARM and FUZZY




The IRS has a problem due to the bad economic times that we live in. The IRS has a lot of tax debt to collect from too many struggling taxpayers. The IRS has been forced to adjust their collection practices. Consequently, the has put in place Offer in Compromise eligibility requirements that make it significantly easier for a taxpayer to qualify for an IRS settlement.

The IRS will continue to try and collect as much back tax debt as they possibly can but when a struggling taxpayer has an experienced IRS Tax Attorney to prepare and guide them through the Offer in Compromise process their chances for success will be high.

OFFER in COMPROMISE 

APPROVALS ARE UP

The IRS has made significant progress under it's previous "Streamlined Offer in Compromise" program. The IRS accepted 19,562 settlements in Fiscal Year 2011 and that represents a 41% increase
over Fiscal Year 2010 and the IRS overall rejection rate was 20% which was down from the 25% rejection rate in Fiscal Year 2009. These figures are according to the National Taxpayer Advocate's Office in their 2011 annual report to Congress. 

THE IRS WILL STILL REJECT YOUR

OFFER in COMPROMISE

as

NON-PROCESSABLE

Although the number of Offer in Compromise approvals have increased and in fact should continue to do so through shear volume of settlement offers, the number of settlement offers that have been "kicked out" and rejected as "non-processable" remains a mystery. 

The first (1st) stage of a successful Offer in Compromise is for your settlement offer to get through the Offer in Compromise processing centers located in Tennessee and New York. It is during this period of time that the IRS looks for any clerical error or excuse to reject an Offer in Compromise. This rejection is not counted in the data and the IRS does not have to provide a taxpayer with a reason other than to label the rejected Offer in compromise as "non-processable."

The current IRS changes to the Offer in Compromise Fresh Start program should allow more settlement offers to be accepted provided your settlement offer is prepared accurately and without error. 

AFFORDABLE IRS FRESH START

OFFER IN COMPROMISE

IRS FRESH START OFFER in COMPROMISE HELP
If you owe the IRS between $10K and $100K; pay only $1900 for full IRS Fresh Start program work which includes: Release of IRS Levy / IRS Wage Garnishment removal and IRS Offer in Compromise.

MONTHLY INSTALLMENTS AVAILABLE

CALL ME FOR A CONSULTATION

1 - 8 0 0 - 5 8 9 - 3 0 7 8

EMAIL ME:

dave@flatfeetaxservice.com



I am Dave Rosa, the V.P. of Client Relations at Flat Fee Tax Service, Inc. During our consultation we will be able to provide you with an action plan to resolve your IRS problem. With IRS regulations allowing a struggling taxpayer to settle their back tax debt for less, you would be foolish not to find out if you are qualified for the Fresh Start IRS program. It costs you nothing to call me and you are under no obligation whatsoever. Now it is up to you.

WHY FLAT FEE TAX SERVICE, INC. FOR YOUR FRESH START IRS SETTLEMENT:
  • Our Ethics are Guided by our Christian Values
  • An "A-" Rating with the Better Business Bureau (BBB)
  • Immediate Action
  • Affordable IRS Tax Help
  • Credit Available for Everyone
  • Experienced IRS Tax Attorneys who Work with the IRS Enforcement Division Daily
  • Reliable, Credible and Thorough
  • Results


THE FLAT FEE TAX SERVICE, INC.

IRS FRESH START HELP - LINE:

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Friday, May 25, 2012

IRS News -- The IRS Makes Terms for Offer in Compromise More Flexible -- The Fresh Start IRS Program on 5/22/12

IRS ANNOUNCES TERMS FOR

OFFER in COMPROMISE

MORE FLEXIBLE

On may 22, 2012, the IRS has announced that the IRS will make the terms on which they will accept IRS settlements through the Offer in Compromise program more flexible. The new changes to to the Offer in Compromise program are part of the IRS' Fresh Start program and are designed to help financially struggling taxpayers clear up their back tax debt problems more quickly.

THAT IS 



IF YOUR ARE A 

STRUGGLING TAXPAYER

WHAT ARE YOU WAITING FOR?





The new changes to the Offer in Compromise program affect the financial analysis used to determine if a financially struggling taxpayer is eligible to settle with the IRS through the Offer in compromise program. In calculating a taxpayer's "reasonable collection potential," the IRS will now look at only one (1) year of future income for settlement offers paid in five (5) or fewer months (down from four (4) years). the IRS will now look at two (2) years of furure income for settlement offers paid in six (6) to twenty-four (24) months (down from 5 years). Under these new guidelines, every Offer in Compromise must be paid in twenty-four (24) months of the date the settlement offer is accepted.

DOUG SHULMAN

the IRS COMMISSIONER

said:

"This phase of Fresh Start will assist some taxpayers who have financial hardship in recent years. It is part of our (the IRS) multi-year effort to help struggling taxpayers who are struggling to make ends meet."

ANNOUNCED CHANGES

to

THE IRS FRESH START

OFFER in COMPROMISE PROGRAM 

The Changes Include:
  1. Revising the calculation for the taxpayer's future income.
  2. Allowing taxpayers to repay their student loans.
  3. Allowing taxpayers to pay state and local delinquent tax debt.
  4. Expanding the Allowable Living Expense allowance category and amount.
WHAT IS AN 

OFFER in COMPROMISE

In genearl terms, an Offer in Compromise between a taxpayer, who is financially struggling, and the IRS that settles that taxpayer's liabilities for less than the full amount owed in back tax debt. An Offer in Compromise (a/k/a OIC) is generally not accepted if the IRS believes the taxpayer's liability can be paid in a lump sum or in an installment agreement (payment plan). The IRS will look a taxpayer's income and assets (along with other criteria) to make a determination of the taxpayer's reasonable collection potential. An Offer in Compromise is subject to legal requirements.

DO YOU HAVE BACK TAX DEBT?

ARE YOU STRUGGLING?

WHAT ARE YOU WAITING FOR?

Due to the economic times that we live in and the sheer volume of struggling taxpayers, the IRS has been forced to recognize that taxpayers are still struggling mightily to pay their bills. The IRS has been forced to implement some "common sense" changes to the Offer in Compromise program that reflect real world sensibilities. 

OTHER CHANGES

to

An OFFER in COMPROMISE

ALLOWABLE LIVING EXPENSES:

The Allowable Living Expenses are used in cases requiring financial analysis to determine a taxpayer's ability to pay their tax liability. The "standard allowances" provides, according to the IRS, fairness and consistency in collection evaluations by incorporating average expenditures for basic necessities for taxpayers in similar geographic areas. These standards are used when the IRS evaluates an Installment Agreement, Currently not Collectible status or an Offer in Compromise petition.

The National Standard miscellaneous allowance has been expanded to include additional items such as: credit card payments, bank fees and charges. Guidance has also been clarified to taxpayer payments for student loans. Student loans would be loans guaranteed by the federal government for post high school education. In addition, taxpayer payments for state and local taxes may be allowed on a percentage basis of tax owed to the state and IRS.

If you have been following our informative blog, you will have seen that the IRS has been forced to make changes to their collection practices due to the economic downturn. These changes in policy include tax relief for struggling taxpayers who are trying to refinance or sell a home. The IRS has been more flexible with taxpayers who are facing payment and collection problems in 2009. In 2011, the IRS made changes to tax lien policy as well as expanded the threshold for small businesses to resolve tax problems through Install agreements (payment plans). The IRS has also "Streamlined" both Installment Agreements as well as the Offer in Compromise program.

THE IRS IS NOT WARMER AND FUZZIER

Although the rules that the IRS must follow have changed does not mean that the IRS has been "de-fanged." What it means is this: a struggling taxpayer has options and rights available to them that can see that their delinquent tax debt gets resolved fairly. A taxpayer still has to maneuver through a myriad of red tape. The IRS will continually try and reject your claim for settlement. 

DO YOU WANT TO

SETTLE WITH THE IRS?

IF YOU DO,

GET

EXPERIENCED IRS TAX RELIEF HELP


I am Dave Rosa, the V.P. of Client Relations at Flat Fee Tax Service, Inc. and I am happy to report to both our present clients and potential clients that the IRS has put in place new rules that allow a struggling taxpayer to have their tax liability settled for a fraction of the original amount due. The IRS will continue to make it difficult for the novice and naive taxpayer who tries to maneuver through the complicated Offer in Compromise program. The IRS will will try and reject your settlement offer throughout the settlement process. That is why it is imperative that a taxpayer have an experienced IRS tax relief team that will prepare all of the necessary documents as well as guide the taxpayer through the entire Offer in Compromise negotiation.

CALL ME AND SEE IF YOU QUALIFY:

1 - 8 0 0 - 5 8 9 - 3  0 7 8

EMAIL ME:

dave@flatfeetaxservice.com


AFFORDABLE IRS OFFER IN COMPROMISE


 Fresh Start Offer in Compromise Help

If you owe the IRS between $10K and $100K; pay only $2050 for your IRS fresh start program which includes: Prepare 3 tax returns, Release of an IRS Levy / Stopping an IRS Wage Garnishment and an IRS Settlement through the Fresh Start IRS Offer in Compromise Program.

FLAT FEE TAX SERVICE, INC.

OFFERS CREDIT TERMS TO EVERY TAXPAYER

WHY FLAT FEE TAX SERVICE, INC. FOR YOUR FRESH START OFFER IN COMPROMISE: 
  • Our Work Ethics are Guided by our Christian Values
  • An A Plus Rating with the Better Business Bureau
  • Affordable IRS Tax Help
  • Monthly Credit terms for Client
  • Experienced IRS Tax Attorney who Work with the Enforcement Division of the IRS Daily
  • Reliable, Credible and Thorough
  • Positive Results


THE FLAT FEE TAX SERVICE, INC.

IRS FRESH START HELP - LINE:

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Wednesday, May 23, 2012

IRS Wage Levy -- IRS Levy Rules and Taxpayer Rights

IRS LEVY RULES

and

TAXPAYER RIGHTS


IRS Wage Levy: The IRS tax relief team at Flat Fee Tax Service, Inc. can have your IRS wage levy (a/k/a wage garnishment) stopped, released and removed in 1 day / 24 hours. In fact, the experienced IRS Tax Attorneys at Flat Fee Tax can have your paycheck restored and the IRS levy stopped in a matter of hours.

IRS Problems to Stopping an IRS Wage Levy: If you have an IRS Revenue Officer assigned to your case, then having an IRS levy released becomes more complicated. You will need to provide pay stubbs, bank statements and you will need to provide a 433 Form which is a financial disclosure before a Revenue Officer removes the levy. If you are trying to handle your IRS problems on your own, you are making a "huge mistake."

THE "STOP AN IRS WAGE LEVY HELP - LINE:

1 - 8 0 0 - 5 8 9 - 3 0 7 8





IRS Wage Levy -- IRS Wage Garnishments

Your Paycheck -- Your Social Security -- Your Bank Account

IRS LEVY RULES -- YOUR RIGHTS

IRS LEVY RULES: There are very few requirements needed by the IRS before the IRS places a levy on your paycheck, your Social Security benefit or your bank account(s). 
  1. The IRS must have assessed your tax debt and the IRS must have sent you, the struggling taxpayer, a Notice of Intent to Levy. If you have not filed some of your tax returns, the IRS will file what is called "Substitute for Return" for each delinquent tax year. A Substitute for Return is not a tax return. A Substitute for Return is a tax assessment. It is the method that the IRS uses to create a tax debt and that allows the IRS the legal authority to seize your paycheck, your Social Security benefit or your bank account(s).
  2. You, the taxpayer, must have neglected or refused to pay your back tax liability.
  3. The IRS must have sent you, the taxpayer, a Notice of Intent to Levy and Your Right to a Hearing. The IRS can serve the Notice of Intent to Levy in person. The IRS can leave the Notice of Intent to Levy at your home or usual place of business (place of employment). The IRS can send the Notice of Intent to Levy to your last known address by certified or registered mail. PLEASE NOTE: The IRS only has the obligation to send you the Notice of Intent to Levy. The IRS does not have an obligation to make sure that you received the Notice of intent to Levy for the notice to be effective.
IRS BANK LEVY

When the IRS sends a levy to your bank, the levy will instruct your bank to seize all of your funds that were in your account at the time of the levy. A bank levy is like a "snapshot in time" as it will only seize whatever funds are available and in your account at the time of the levy. Your bank will be instructed to hold the money seized for twenty-one (21) days which includes Saturday, Sundays and holidays. It doesn't allow you much time to recover your funds. The chances of a taxpayer getting any portion of the seized funds back are simply "slim and none."

Your bank will be ordered and obligated to forward the seized funds to the IRS at the end of the 21 day holding period so this does not provide you with much time. There are tactics that can be utilized to have the seized money returned to you, the taxpayer, but you will need the services of an experienced IRS tax Attorney to accomplish this. Do not expect the IRS to release the funds seized in a bank levy to a naive and inexperienced taxpayer. Without an experienced IRS Tax Attorney to negotiate with the IRS, your chances for success are "just about zero."

AN IRS NOTICE OF INTENT TO LEVY



EQUALS 

AN IRS WAGE LEVY

If you have received an IRS Notice of Intent to Levy or have had the IRS execute a bank levy at your financial institution, you can be sure that the IRS will deliver to your employer an order to seize your paycheck. This is a wage levy which is also known as a wage garnishment. The difference between a wage levy and a bank levy is this: a wage levy is "continuous" which means that the IRS will order your employer to take money from your paycheck (or Social Security) until your back tax debt is paid in full or stopped and released. A bank levy is a "snapshot" in that the IRS will seize whatever is in your bank account at the time of the levy whether it is $1.00 or $5,000.00 and the IRS will need to wait 21 days for that money to be sent to them. 

You, the taxpayer, have a tax liability and the IRS has been sending you notice upon notice. The IRS then sends a certified letter to you but you decide not to receive it, so you don't pick it up. Well, the decision to not pick up certified mail from the IRS is "mistake number 1." A taxpayer cannot have their rights enforced if they don't know what the IRS plans to do to them. Our recommendation to any taxpayer is to pick up the certified mail and immediately contact us at Flat Fee Tax Service, Inc. Our experienced IRS Tax Attorneys will protect you because we know the tax code and know what your rights are.

FLAT FEE TAX SERVICE, INC.

WILL HAVE AN

IRS WAGE LEVY 

STOPPED and RELEASED 

in

1 DAY / 24 HOURS

The IRS tax relief team, at Flat Fee Tax Service, Inc., can have your IRS wage levy (garnishment) stopped and released in one (1) day and sometimes in a matter of hours. However, be advised, that should you have an IRS Revenue Officer assigned to your case it will be more complicated and require more effort to have your levy released. An IRS Revenue Officer has been assigned to you because of a "serious reason." For a levy to be released by a Revenue Officer, you need to understand that pay stubs and bank statements will need to be provided. A complete financial statement will be required. If you try and "go it alone" with an IRS Revenue Officer, you will lose. It's that simple.

DO NOTHING AND THIS IS WHAT 

YOU, THE TAXPAYER,

CAN EXPECT

FROM AN IRS WAGE LEVY

The money seized by the order for your employer to comply with the IRS levy, will be sent directly to the IRS on a continuous basis. A "continuous basis" means that the IRS only needs to do this once for it to be effective unless the levy is stopped and released. The IRS allows for what is called an "exempt" amount to be given to a taxpayer but we can assure you that the "exempt" amount will be small and will leave you destitute. You will be left without enough money to pay your rent, your car payment, your utilities and will barely have enough money for food. 

As mentioned previously, an IRS wage levy is continuous and needs to be applied only once and will stay in effect until your back tax debt is paid in full or released under IRS Section 6343. The same hold s true for wages as it does for an IRS levy on Social Security, except an IRS levy on Social Security has more rules and pitfalls.

AN IRS LEVY

on

SOCIAL SECURITY

When a taxpayer who is on Social Security or Social Security Disability (SSDI), they fall under the Federal Payment Levy Program or FPLP. What does this mean to the taxpayer? The IRS is allowed to automatically take 15% of your Social Security benefit on a continuous basis until the back tax debt is paid in full or the Levy is released and stopped. Penalties and interest will continue to be added to your tax debt so it will be a very long time time before you see your full benefits if you do nothing.

The IRS has a computer system called the Automated Collection System and their computer talks to the   Federal government's computer that dispenses checks which is called the Financial Management System. These two (2) computers mix and match Social Security numbers at least once a month. Once an IRS levy gets ahold on your Social Security check, expect yourself to be missing your full benefit for at least the next several months even under the best of conditions. yes, the IRS levy can be stopped but the problem is that the IRS computer needs to "talk" to the Financial Management System (FMS) computer and by the time that happens, voila, you are out short on several benefit checks.

IT'S IMPORTANT TO ACT IMMEDIATELY

We cannot tell you how many times we get a new client, who is being levied by the IRS, and their next paycheck is within days of being processed. Yes, we have had great success in stopping those IRS levies in a matter of hours, but, a taxpayer who waits until the last moment, is asking for trouble.

Section 6334 of the Internal Revenue Code [26 U.S.C. 6334(c)] allows for the seizure of Social Security and Social Security Disability (SSDI) benefits to be subject to an IRS levy for unpaid federal income taxes.

Through the Federal Payment Levy Program (FPLP), Social Security and Social Security Disability (SSDI) benefit payments outlined in Title II of the Social Security Act, which include Federal Old Age, Survivors and Disability Insurance benefits are subject to a 15% (per cent) IRS levy to pay for delinquent federal taxes.

Because the Federal Payment levy Program (FPLP) is used to satisfy your federal back tax debt, the IRS can levy you regardless of the amount that you owe. This is different than the 1996 debt Collection Improvement Act that states that the first $750.00 is off limits to satisfy non-tax debts. Fifteen per cent (15%) minimum will be levied from your Social Security benefit regardless of whether or not the remaining benefit amount sent to you is less than $750.00.

THE IRS MANUAL LEVY

(Yes, the IRS Can Take All of your Money)

The IRS is not limited by I.R.C. (Internal Revenue Code) 6331(h) in taking fifteen per cent (15%) of your paycheck, your Social Security, your Social Security Disability (SSDI), your commission check or any other form of income that you may have. An IRS Revenue Officer can sign off on what is called a Manual Levy. This is in addition to the levy that is already in place. Under Internal Revenue Code (IRC) 6331(a) permits an IRS levy on all of your wages, Social Security, etc.

You should be prepared for a Manual Levy if you, the taxpayer, have many years of unfiled tax returns, have a Revenue Officer assigned to your case or have sent the IRS letters regarding their authority to collect taxes and the constitutionality of the income tax law. If you send these letters to the IRS, which I refer to as "crazy letters", then be prepared for the consequences. You do not want to be labeled as a "tax protester." All the IRS has to do to enforce the Manual Levy collection method is to deem it fit and appropriate.

YOUR OPTIONS

  1. Do nothing or "go it alone" and have your paycheck, Social Security, commission check or bank account seized. That's one option. Or you can,
  2. Hire Flat Fee Tax Service, Inc. and have your IRS levy stopped and released. Our IRS tax relief team has never failed to have a levy released.
  3. Hire Flat Fee Tax Service, Inc. and have all of your delinquent tax returns prepared properly so that you are compliant have all of your rights restored.
  4. Hire Flat Fee Tax Service, Inc., who offers our clients affordable IRS help, to work on your IRS settlement through the Offer in Compromise program which has been eased for more taxpayer participation.
  5. Hire Flat Fee Tax Service, Inc. and have our IRS tax relief experts work on having you declared to be Currently not Collectible.
  6. Hire Flat Fee Tax Service, Inc. and have our experienced IRS Tax Attorneys negotiate t]your best possible Installment Agreement.



I am Dave Rosa, the V.P. of Client relations at Flat Fee Tax Service, Inc. which provides affordable IRS tax relief to struggling taxpayers nationwide. In fact, Flat Fee Tax Service, Inc. successfully represents taxpayers, who have IRS problems, throughout the world. 

The information that we have provided you here, should give you a pretty good idea what can be in store for you if you continue to ignore your IRS problem. Whether you engage our IRS tax relief team or another firm, be sure to get reliable, credible and thorough IRS tax representation. 

WHAT FLAT FEE TAX SERVICE, INC. PROVIDES FOR OUR CLIENTS:
  • Ethics that are Guided by our Christian Values
  • An A Plus rating with the Better Business Bureau (BBB)
  • Affordable IRS Tax Relief Help
  • Credit - Clients are all Offered Low Monthly Payments 
  • Experienced IRS Tax Attorneys who work with the Collection Division of the IRS Daily
  • Credible, Reliable and Thorough IRS Tax Relief Team
  • Positive Results


THE FLAT FEE TAX SERVICE, INC.

AFFORDABLE IRS LEVY HELP - LINE:

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OUR WEBSITE



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Monday, May 21, 2012

An IRS Offer in Compromise Will Give a Taxpayer a Fresh Start and a Second (2nd) Chance

GET A FRESH START

and a 

SECOND CHANCE

through the 

IRS OFFER in COMPROMISE

PROGRAM





Due to the terrible recession that we have endured over the past 5 to 6 years, the IRS has made it easier to become eligible and qualified to settle a back tax debt through the Offer in Compromise program. In February of 2011, the IRS expanded the eligibility requirements for a successful Offer in Compromise in what they call a Streamlined Offer in Compromise. The IRS has come to the realization that many taxpayers who would have normally been able to pay their tax debts are simply unable to meet their tax obligations.

With so many taxpayers out of work, working part time or under employed, the IRS has been forced to  accept the fact that many taxpayers are in need of a "fresh start." Many taxpayers no longer have any equity in the homes and are "underwater" regarding their mortgages. Many taxpayers have had the unfortunate experience of "dipping" into their 401K retirement plans to simply meet everyday expenses. Many of these taxpayers had the intent of paying the borrowed money back into their 401K plans but have been unable to do so. This has created tax debt problems that have buried many struggling taxpayers.

At Flat Fee Tax Service, Inc., we have seen what the enforcement division of the IRS has done to taxpayers who have been struggling. Nearly everyone of our clients is facing an upcoming IRS levy, or has had their wages garnished by the IRS.

STOP AN IRS WAGE LEVY

in 

1 DAY / 24 HOURS

When you owe the IRS a tax liability, a taxpayer needs to stop the IRS from executing a levy on assets such as your paycheck / wages, Social Security (including Disability or SSDI) and your bank account(s). After that has been accomplished, then an action plan needs to be implemented that will best resolve your back tax debt problem.

There are several ways that a financially struggling taxpayer can resolve their tax debt and reduce the amount owed. One way is to file the delinquent or unfiled tax returns required to make a person compliant and thus eligible for an Offer in Compromise.  Also, if a taxpayer is not eligible for an Offer in Compromise, it may be advantageous to file all of the delinquent tax returns which will reduce the back tax debt.

If a taxpayer has filed all of their tax returns, then it may be necessary to look at amending the previous returns. It is possible that your tax preparer missed legitimate deduction.

If a taxpayer has had problems that caused the tax problem, a Penalty Abatement based on reasonable cause may result in the penalties assessed to be waived. If you do have a reasonable cause, be sure to have a professional handle your abatement petition. You have only one chance at this and it needs to be handled correctly.

If you can pay "something" toward your IRS tax liability, it may be determined that an IRS settlement through the Offer in Compromise program may be the best way to resolve your back tax debt. You need to be qualified and eligible for the Offer in Compromise program. The IRS has a complicated formula that determines eligibility. Consult with an experienced IRS Tax Attorney who has a track record of successful Offer in Compromise petitions.



AND THEN THERE IS:

CURRENTLY NOT COLLECTIBLE


CURRENTLY NOT COLLECTIBLE - Long Term Hold on IRS Enforcement:


A financially struggling taxpayer may be declared to be Currently not Collectible if the IRS can be shown that a taxpayer has a very real financial hardship. The IRS must allow a taxpayer to have certain "allowable expenses" before they can enforce collection. Now the IRS is not in the business of telling you what expenses they allow or if a taxpayer should be left alone. It is the responsibility of the taxpayer to prove hardship to the IRS.

The Currently not Collectible program is meant to assist taxpayers who are currently in a difficult financial situation and in real need of tax relief. When a taxpayer is Currently not Collectible, all IRS collection enforcement will stop. Being Currently not Collectible is a great tax resolution action that will not only protect you from IRS collection enforcement but will allow a taxpayer to pursue other tax debt settlement programs such as the Offer in Compromise program.

HOW LONG WILL MY TAXES BE NON COLLECTIBLE?

Once you, the taxpayer, has proven to the IRS that you do not have the ability to pay anything toward your back tax debt, you should expect to have this status for 12 to 18 months before the IRS reviews your financial condition again. The IRS could review your circumstances at any time, but in practical terms, you will be free from collections for 12 to 18 months. If your financial picture hasn't changed, then you will again be placed in Currently not Collectible status. The Statute of Limitations will continue to run and you may never pay the IRS anything toward your back tax debt.

DO YOU, THE TAXPAYER, QUALIFY FOR 

CURRENTLY NOT COLLECTIBLE (IRS STATUS 53)?

When it comes to being declared Currently not Collectible, the IRS has a number of important qualifying factors. The IRS will look at a taxpayer's ability to pay their tax debt after factoring in your basic living expenses which includes: your rent / mortgage, food and clothing, your utilities, your car payment, upkeep of your auto, term life insurance, health insurance, secured loans as well as court ordered payments such as alimony payments and child support payments.

The IRS will require that you you prove your expenses as well as income. You will need to provide the IRS with a 433-F form, which is an in-depth financial analysis of your income, your assets and your monthly expenses. The IRS will require that you provide documentation such as your pay stubs and bank statements.  

OPTIONS WHEN YOU ARE

CURRENTLY NOT COLLECTIBLE

Although it is possible that a taxpayer may be declared to be Currently not Collectible until their tax debt has expired through the Statute of Limitations, non-collectible status is not considered to be permanent. There is a review process that comes periodically at the discretion of the IRS. It is for that reason that the IRS tax relief team at Flat Fee tax Service, Inc. recommends that anyone who is declared to be Currently not Collectible look at settling their tax debt through the Offer in Compromise program. If the IRS is already conceding your inability to pay off your tax liability, why wouldn't you take this one step further and settle your tax debt once and for all. 

FREE CONSULTATION

CALL ME:

1  8 0 0 - 5 8 9 - 3 0 7 8

EMAIL ME:

dave@flatfeetaxservice.com


I am Dave Rosa, the V.P. of Client Relations at Flat Fee Tax Service, Inc. I will be providing you with your free and confidential consultation. During our time on phone, I will review with you what your allowable expenses as well as income and determine whether or not you are eligible and qualified to pursue an Offer in Compromise. I can also let you know if you are a candidate to be declared Currently not Collectible by the IRS. Because we are guided by our Christian Values, you will receive an honest, straightforward evaluation. As your IRS tax relief team, our first job is to have any levy on your wages stopped and released. Our initial evaluation will let us know if pursuing an Offer in Compromise or Currently not Collectible status would be in your best interest.

AFFORDABLE IRS TAX HELP

If you owe the IRS between $10K and $100K; pay only a total of $20500 for full IRS tax relief work which includes: Prepare 3 tax returns, IRS Levy release / Stopping IRS Wage Garnishment and an IRS Offer in Compromise and/or Currently not Collectible status.

AVAILABLE CREDIT

If you were not struggling financially, you would not be here reading this Blog. All of our clients are struggling taxpayers. Every single one of them is having a hard time meeting there everyday expenses. That is why we, at Flat Fee Tax Service, Inc., have, not only, made our overall fees both fair and reasonable but also convenient by offering monthly fee installments. 

WE START WORKING FOR YOU IMMEDIATELY

PROFESSIONAL IRS HELP

IS NOT FREE

BUT 

FLAT FEE TAX SERVICE, INC.

OFFERS THE BEST 

IRS TAX RELIEF SERVICE

AT THE MOST AFFORDABLE FEES

THE VALUE OF FLAT FEE TAX SERVICE, INC.:
  • Guided by our Christian Values
  • An A Plus rating with the Better Business Bureau (BBB)
  • Affordable IRS Tax Relief
  • Credit Available to all of our Clients
  • Immediate IRS Tax Representation
  • Experienced IRS Tax Attorneys 
  • Reliable, Credible and Thorough
  • Positive Results


THE FLAT FEE TAX SERVICE, INC.

IRS TAX RELIEF HELP - LINE:

1 - 8 0 0 - 5 8 9 - 3 0 7 8

Our Websites:


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Tuesday, May 15, 2012

Get a Fresh Start with the IRS -- Start over with the IRS -- What you can do

STRUGGLING TAXPAYERS

GET A FRESH START

WITH THE IRS

A financially struggling taxpayer, who cannot come up with the money needed to pay off the IRS for a back tax debt, can find themselves between a "rock and a hard place." Taxpayers who cannot pay their tax liability to the IRS may be able to find a program that can relieve them of their IRS problem.

The IRS tax relief team at Flat Fee Tax Service, Inc. is an "A" rated Better Business Bureau firm that helps struggling taxpayers resolve their IRS back tax problems. Every taxpayer who owes the IRS a tax liability will be facing penalties, interest and eventually tax liens and levies on their paycheck, their Social Security, state tax refunds and property.




HAVE A TAX LIABILITY?

GET PROFESSIONAL HELP

When the collection division of the IRS starts enforcement action against a delinquent taxpayer, it can have a devastating impact not only the taxpayer but his or her entire family. Penalties and interest that have been added to the back tax debt will make it harder to pay off the tax liability. A tax lien can affect someone who may want to rent an apartment, purchase an automobile or receive a security clearance. A tax lien may affect someone from actually getting a job.

If you have a job, the IRS could place a levy on your paycheck. The IRS will leave you with very little money with which to live. The IRS could place a levy on your Social Security benefit. In the case of a Social Security levy, the IRS will take a minimum of 15% from your already meager monthly check. 

The IRS could also place a levy on any and all bank accounts that your name is on. If any bank account that has your name on it has been levied, the taxpayer will have 21 days to have the IRS release  those funds. The 21 day window includes Saturdays, Sundays and holidays. 

FLAT FEE TAX SERVICE, INC.

Will Have an 

IRS Wage Levy

Stopped and Released 

in 1 Day / 24 Hours

Many tax experts as well as tax advocates have been critical of the IRS over the years. The IRS has been accused of failing to assist struggling taxpayers who are having trouble paying off their back tax debt. Over the past several years, during this economic downturn, many taxpayers, who have lost their jobs, their incomes and their real estate equity, have been unable to pay their tax debt. 



IRS FRESH START PROGRAM

On February 24, 2011, the IRS announced the creation of a new program that will help financially struggling taxpayers. This new initiative is called the "Fresh Start" program. The IRS Fresh Start program can give a taxpayer, who owes a substantial tax debt, an opportunity to resolve their IRS problem.

THE IRS DID NOT BECOME

WARM and FUZZY

Don't be fooled into believing that the IRS is just going to "forgive" your tax debt. The IRS will continually look for ways to reject your claim. That is why any taxpayer going before the IRS should have professional representation. You should have an experienced IRS Tax Attorney handle all negotiations with the IRS. 

WHAT DOES THE IRS FRESH START PROGRAM DO?

If a taxpayer has no means to pay the entire tax debt, the IRS has doubled the dollar threshold for thos who seek an IRS settlement through the Offer in Compromise program. The fresh start program now allows taxpayers who earn $100,000 to file for a settlement offer. 

The complicated formula that the IRS uses for Offer in Compromise remains. The IRS will reject an Offer in Compromise for 3 reasons:
  1. The Offer in Compromise paperwork had errors which makes the Offer "non-processable."
  2. The Offer in Compromise was for the wrong amount.
  3. The IRS has deemed the Offer in Compromise to be a frivolous filing intended to simply stall the collection of the tax debt.
The Fresh Start program is intended to help ease the burden of responsible taxpayers who want to resolve their IRS problem "once and for all." 

The IRS Fresh Start program will provide substantial relief thousands of struggling, delinquent taxpayers who, left on their own, may never be able to get out of their tax debt. 

IRS INCOME TAX HELP IS AVAILABLE

BBB ACCREDITED: A PLUS RATING


I am Dave Rosa, the V.P. of Client Relations at Flat Fee Tax Service, Inc. Nearly all of our consultations are conducted by me. Our IRS tax relief team at Flat Fee Tax Service, Inc. is guided by our Christian Values. That means that we will provide our clients with an honest, straightforward and thoughtful  action plan so they may bring peace to their lives and order to their finances. Everyone of our clients has been struggling financially. It is for that reason that we keep our costs and fees as low as possible without sacrificing quality service. 

CALL ME:

1 - 8 0 0 - 5 8 9 - 3 0 7 8

or

EMAIL ME:

dave@flatfeetaxservice.com

to

STOP AN IRS LEVY

and

SETTLE WITH THE IRS

"America's Best & Most Affordable

IRS Income Tax Relief Team"



Full IRS Service - IRS Levy and IRS Settlement Help
If you owe the IRS between $10K and $100K; pay only $1900 for full IRS tax service which includes: Stopping an IRS Levy / IRS Wage Garnishment release and an IRS Offer in Compromise to settle your IRS back tax debt.

CREDIT AVAILABLE

Pay $250.00 to Start Your IRS Work

then pay

9 Monthly Payments of $200.00

EVERYONE CAN AFFORD

IRS TAX REPRESENTATION

THE FLAT FEE TAX SERVICE, INC.

AFFORDABLE IRS HELP - LINE:

1 - 8 0 0 - 5 8 9 - 3 0 7 8

THE FLAT FEE TAX SERVICE, INC. 

OUR NEW WEBSITES:



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Monday, May 14, 2012

Offer in Compromise -- Are You Qualified -- What is an Offer in Compromise

IRS OFFER in COMPROMISE

Are You Qualified?

What is an

OFFER in COMPROMISE?

An Offer in Compromise is an IRS settlement of back tax debt that allows a struggling taxpayer to get a fresh start. A successful Offer in Compromise allows a taxpayer to the IRS less than the full tax liability based on a complicated formula that takes into account many factors.

Some of the factors involved in an Offer in Compromise are: the amount of tax debt owed, the age of the taxpayer, the financial assets of the taxpayer, the age of the back tax debt as well as the likely hood of the IRS collecting the entire tax liability.

In return for a successful Offer in Compromise, the IRS requires that the taxpayer file their next 5 years of tax returns on time and should there be a balance due, the tax owed must be paid on time. Failure to do so will have the IRS reinstating the original tax debt as well as adding more penalties and interest to the tax debt.

Also, the IRS will take any tax refunds due you and apply them to your old tax debt. When you hear someone talk about "tax debt forgiveness", the IRS forgives no one. An Offer in Compromise is a negotiated settlement that has stipulations. 

The IRS will also try and disqualify you from eligibility based on faulty paperwork. The IRS labels bad paperwork to be "non-processable." That is a convenient term for saying that you missed "dotting an "i" and you forgot to cross a "t." 

That is why we, at Flat Fee Tax Service, Inc., highly recommend that a taxpayer engage an experienced IRS Tax Attorney to prepare and negotiate their Offer in Compromise. An Offer in Compromise is worth submitting to the IRS, so do it right the first time. The IRS is not going to make it easy on a neophyte taxpayer. The IRS will continually look for ways to reject an Offer. Be sure that your IRS settlement package is done right.




DO I QUALIFY FOR AN

OFFER in COMPROMISE?

Nearly everyone who has watched cable television has seen the ads from JK Harris, Taxmasters or Ronnie Deutch (the tax lady) who claimed to settle with the IRS "for pennies on the dollar" when talking about the Offer in Compromise program. Well, those discredited tax resolution firms were not entirely wrong. Their problem with Taxmasters, JK Harris and Ronnie Deutch was their mis-leading people, who clearly were not eligible and qualified for an Offer, to believe that they were. Those disreputable companies, and others like them, are more interested in generating sales volume than they are in helping struggling taxpayers solve their IRS problem.

FLAT FEE TAX SERVICE, INC.

has an

A Plus Rating with Better Business Bureau

and is 

Guided by our Christian Values

The IRS tax relief team at Flat Fee Tax Service, Inc. provides our clients with real and affordable solutions to your very real IRS tax problems and tax needs. Our tax relief experts will help you navigate through the difficult pressure applied to you by the IRS. The IRS Tax Attorneys at Flat Fee Tax Service, Inc. will respond to the IRS on your behalf (i.e., stop an IRS levy), prepare the necessary documents to resolve your IRS problem (Offer in Compromise, Penalty Abatement, Currently not Collectible, tax returns) and negotiate a solution to your IRS and state tax problems.

Flat Fee Tax Service, Inc. will have your tax problems resolved and prepare your delinquent tax returns so that you can file them and become compliant which will restore your rights as well as lower your tax liability.


LEGAL IRS and STATE TAX SOLUTIONS

You have legal rights that may have been taken away due to your failure to file your tax returns. Anyone who has unfiled, delinquent tax returns cannot even get themselves into a payment plan (Installment Agreement). The IRS, as well as states, will be looking to execute a levy based on creating a tax assessment by preparing a Substitute of Return. Do not be fooled into believing that a Substitute for Return, or SFR, is a tax return. A Substitute for Return is not a tax return. It's a bill that gives the IRS the authority to seize your assets.

Your IRS tax relief team at Flat Fee Tax Service, Inc. has been helping taxpayers prepare their delinquent tax returns for many years. In fact, some of our clients had failed to file their tax returns for as many as 20 years. We have been able to reduce the tax liability of most of our clients who have failed to file their tax returns and we have restored their rights by properly preparing their delinquent tax returns.

YOU CANNOT SETTLE WITH THE IRS

UNLESS YOUR TAXES HAVE BEEN FILED

UNFILED TAX RETURNS - SUBSTITUTE FOR RETURN:

Each taxpayer is required by law to file their tax return every year as well as quarterly for some types of businesses. If you do not file your tax returns, you will have forfeited your rights, you will face large penalties and you will open yourself up to IRS enforced collection activity.

When you have failed to file your tax returns, the IRS, as well as states, will create a tax billing by putting you in the highest tax bracket, allow you no deductions, tax credits or any other item that would reduce your tax liability. The IRS can then use this tax debt to create an assessment and will have legal authority to go after you for the money owed. Once a tax bill is created, that means the IRS and states can then seize your assets by way of levy, garnishment and liens.

FREE CONSULTATION


I am Dave Rosa, the V.P. of Client Relations at Flat Fee Tax Service, Inc. We will provide you with a free, no obligation consultation and it is during our time on the phone that we will arrive at your action plan to resolve your IRS problems. The IRS tax relief team is prepared to immediately act on your behalf to stop an IRS levy, end a wage garnishment, file your delinquent tax returns and ultimately settle your back tax debt. 

TO GET STARTED

CALL ME:

1 - 8 0 0 - 5 8 9 - 3 0 7 8

OR EMAIL ME:

dave@flatfeetaxservice.com

STOP A LEVY

and 

SETTLE WITH THE IRS

Affordable IRS Help - IRS Tax Relief
If you owe the IRS between $10K and $100K; you pay only $2050 for full IRS tax relief service which includes: Prepare 3 tax returns, Stopping an IRS Levy / IRS Wage Garnishment release and an IRS settlement through the Offer in Compromise program.

ALL IT TAKES IS A

$250.00 Initial Fee

to start work immediately

and then

only 9 Monthly Fee Payments of $200.00

Total IRS Tax Relief for only

$2050.00

WHY YOU SHOULD CHOOSE FLAT FEE TAX SERVICE, INC.:
  • Guided by our Christian Values
  • An A Plus rating with the Better Business Bureau (BBB)
  • Affordable IRS Tax Relief Fees
  • Experienced IRS Tax Attorneys who work with the IRS Collection Division every day
  • A IRS Tax Relief Team that is Reliable, Credible and Thorough
  • Positive Results


THE FLAT FEE TAX SERVICE, INC. 

AFFORDABLE IRS HELP - LINE:

1 - 8 0 0 - 5 8 9 - 3 0 7 8

Visit Our Websites:


Like us on Facebook: