- 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
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.
A Plus Rating with Better Business Bureau
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.
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
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OR EMAIL ME:
STOP A LEVY
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
only 9 Monthly Fee Payments of $200.00
Total IRS Tax Relief for only
WHY YOU SHOULD CHOOSE FLAT FEE TAX SERVICE, INC.:
THE FLAT FEE TAX SERVICE, INC.
AFFORDABLE IRS HELP - LINE:
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