Thursday, June 14, 2012

IRS Makes Major Changes to Offer in Compromise Program -- Get a Fresh Start

FLAT FEE TAX SERVICE, INC.

Will Prepare and Navigate

Your

OFFER in COMPROMISE

Your IRS tax relief team, at Flat Fee Tax Service, Inc., will guide you and navigate the Internal Revenue Service (IRS) new Fresh Start Offer in Compromise program which is now allowing more financially struggling taxpayers to qualify for an IRS settlement of the back tax debts.

DO YOU WANT





Due to our current economic climate (unemployment, under employment, plummeting real estate values), the IRS is encouraging more taxpayers, who are struggling financially, to resolve their back tax debt problems. The IRS has expanded their Offer in Compromise program which allows a taxpayer to have their back tax liability settled for less than the full amount owed. 

The recent IRS figures reveal that the tax gap which is the amount of taxes owed and the amount of tax debt collected is growing (nearly $400 Billion). This tax gap has been increasing and the "experts" believe that the tax gap will continue to expand. 

This new willingness by the IRS to allow more taxpayers, who are struggling and distressed, to pay less than what they owe and receive a "tax forgiveness" reveals that the IRS acknowledges that receiving some money now is better than nothing at all in the future.

With the economy flat on its back and tax revenues down, the IRS is pulling out all "the stops" and is trying to bring in immediate cash to a federal government that is broke and facing massive deficits. 

YOU NEED TO JUMP


AT THIS FRESH START OPPORTUNITY

If you are a struggling taxpayer who owes the IRS, you should be "jumping" at the opportunity to have your back tax liability settled through the IRS Fresh Start program. This is the biggest change in favor of the taxpayer since the Clinton Administration in the 1990's.

An article in Accounting Today (http://www.accountingtoday.com/news/IRS-Offer-in-Compromise-Program-Flexible-Fresh-Start-62727-1.html) explains how the IRS has changed its focus by loosening their restrictions in analyzing a taxpayers's finances. The IRS is allowing more people to qualify and to pay off their IRS back tax debt in a shorter period of time.

The IRS has revised how it calculates a taxpayer's future income and has expanded the living expense category. The IRS will now consider credit card payments as well as student loan payments which was previously omitted as a "necessary expense." These changes are reflected in IRS Form 433-A (OIC) and the IRS Form 656. 

MORE


The most favorable impact for taxpayers in the IRS Fresh Start program is the decrease in the number of months the IRS uses to calculate what the minimum settlement offer should be. As an example, previously, a taxpayer who has $400.00 in what the IRS calls "disposable income" would be looking at offering the IRS a minimum of $19,200.00. Under the new IRS Fresh Start Offer in Compromise program, the same taxpayer would have a settlement of $4,800.00 if the taxpayers can pay the settlement amount within five (5) months of acceptance by the IRS. 

That is an enormous savings to any taxpayer who qualifies to settle with the IRS. It would be a huge mistake for any taxpayer who is financially struggling not to pursue an IRS settlement. If you have been previously turned down for an Offer in Compromise, now is the time to re-submit your IRS settlement.

CALL ME FOR YOUR CONSULTATION 

1 - 8 8 8 - 8 7 5 - 4 5 0 6



I am Dave Rosa, the V.P. of Client Relations at Flat Fee Tax Service, Inc. and we offer struggling taxpayers affordable IRS help. While you should be very excited by the IRS Fresh Start program, a taxpayer should be cautious and have your Offer in Compromise prepared and supervised by an experienced IRS tax relief team. 

Our most recent successful Offer in Compromise settlement was for a Key West, Florida construction worker who came to us owing $177,000.00 in federal back tax debt. The IRS was garnishing his paycheck and his financial life was a mess. The experienced IRS Tax Attorneys at Flat Fee Tax Service, Inc. had the IRS wage levy stopped and restored his paycheck. We then prepared his Offer in Compromise and settled his back tax debt for $8,664.00. The IRS accepted the following terms to settle our client's back tax debt: Our client's payments are $361.00 per month for 24 months. That is the kind of results you should be looking for.

FLAT FEE TAX SERVICE, INC.

IS

GUIDED BY OUR CHRISTIAN VALUES

BETTER BUSINESS BUREAU ACCREDITED (BBB)

AN "A-" RATING WITH BETTER BUSINESS BUREAU (BBB)

AFFORDABLE IRS HELP

LOW MONTHLY FEE

EXPERIENCED IRS TAX ATTORNEYS

CREDIBLE, RELIABLE AND THOROUGH

THE FLAT FEE TAX SERVICE, INC.

IRS FRESH START HELP - LINE:

1 - 8 8 8 - 8 7 5 - 4 5 0 6

Fees Posted on Our Website:


Informative Blog:


Follow Our Updates on Twitter:


Join Our Clients and Friends and Like Us

on Facebook:

1 comment:

  1. Do you owe the IRS a back tax debt? The IRS has a new Fresh Start program and you may be able to settle with the IRS for less. Contact us at Flat Fee Tax Service, Inc. for your free consultation. Visit our Website: http://www.flatfeetaxservice.com Our informative Blog: http://www.affordableirshelp and follow our tweets on Twitter for daily updates: http://www.twitter.com/flatfeetaxsvc

    ReplyDelete