Wednesday, June 13, 2012
IRS Tax Settlement -- IRS Makes Eligibility for Offer in Compromise Settlement Easier
THERE IS GOOD NEWS
and there is
IRS FRESH START OFFER in COMPROMISE
It isn't any secret that the Federal Government, as well as most states, is broke and in need of money. The IRS has been aggressively pursuing the collection on tax debt owed as demonstrated in the volume of Federal tax liens and IRS levies on wages, Social Security, military pensions, bank accounts and other assets.
As the economy of the country has faltered and the amount of financially struggling taxpayers has increased, the IRS has increased the filing of Federal tax liens. The IRS filed a record 1.1 million federal tax liens in the fiscal year ending in 2010 as compared to the 426,000 tax liens filed in 2001.
The IRS tax relief team at Flat Fee Tax Service, Inc. has never seen the amount of tax levies imposed by the IRS. We have received calls for consultations from taxpayers who owe as little as $500.00.
ENOUGH WITH THE BAD NEWS
NOW FOR SOME
The IRS tax relief team at Flat Fee Tax Service, Inc. will have your IRS wage levy stopped and released in 1 day / 24 hours if a Revenue Officer has not been assigned to your case. If an IRS Revenue Officer has been assigned to you, then you have waited a bit too long to have your IRS problem resolved and it will take us a little longer than 1 day to stop your IRS wage levy, but not that much longer.
YOU CAN'T DO BETTER THAN THAT
NOW FOR THE REALLY REALLY
The IRS has eased up and expanded the eligibility requirements for struggling taxpayers to take advantage of what the IRS calls their "Fresh Start Offer in Compromise Program."
"These steps are in the best interest of both taxpayers and the tax system" said IRS Commissioner, Doug Shulman. "People will have a better chance to stay current with their taxes and keep their financial house in order. We all benefit if that happens."
The IRS believes the changes "will help people trying to get right with their taxes and we (the IRS) thinks it strikes the right balance to protect the interests of the government" said IRS Commissioner Shulman.
STREAMLINED OFFER in COMPROMISE - The IRS expanded a new "Streamlined Offer in Compromise" last year which covered a larger group of struggling taxpayers. The "Streamlined Offer in Compromise" program was expanded to include taxpayers who earn up to $100,000 and owe $50,000 or less. That was a significant concession by the IRS.
THE IRS FRESH START OFFER in COMPROMISE - Several weeks ago, the IRS made more concessions due to the poor economic climate we live in. The IRS will now take into consideration the payment of credit card debt as well as student loan payments in calculating what can be paid toward an IRS settlement. Also, the IRS will consider only one (1) year of future income if the taxpayer can pay their settlement within five (5) months.
There are other factors that the IRS has eased including the National Standards Allowable Expenses. Because of the current real estate market and having so many taxpayers "underwater" regarding their property holdings, the IRS has been forced to ease up on the settlement of delinquent back tax debt.
Do not make the mistake in thinking that the IRS has become "all warm and fuzzy." They have not. But if you qualify for an IRS settlement through the Streamlined and Fresh Start Offer in Compromise program, you should take advantage of it and get out of tax debt now. If you do nothing, the IRS will continue to take collection action against you. The IRS will levy your assets.
THE IRS FRESH START PROGRAM
can give you, the distressed taxpayer, a fresh start with a flexible Offer in Compromise settlement plan. It only takes a single action by you. Today is the day for you to a fresh start and resolve your IRS problem.
FLAT FEE TAX SERVICE, INC.
FOR YOUR FREE CONSULTATION
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There has never been a better time or a smarter time for a distressed, financially struggling taxpayer to stop sitting on your hands and become pro-active. It is time to help yourself, your family and get protect your financial future.
WE LIVE IN A BAD ECONOMY
The IRS knows how many taxpayers are experiencing severe financial difficulties in an economy that is challenging. The IRS is drowning and is overwhelmed with delinquent tax liabilities. What is the IRS to do. One thing that the IRS can do is increase the implimentation of levies on paychecks, wages, Social security and bank accounts. Another response is for the IRS to accommodate taxpayers with programs that will get more taxpayers back on their feet in the shortest time possible.
With that in mind, the IRS has been forced to offer a new and improved Offer in Compromise program that has more lenient terms. The IRS has more agreeable terms which includes the lowering of the minimum multiple of a taxpayer's monthly disposable income that the IRS uses to determine settlement offer amount from 48 to 12 times (1 quarter) which is a tremendous difference. The IRS will also now consider a distressed taxpayer's credit card payments as well as student loan payments in calculating allowable living expenses.
THE IRS IS NOT
WARM and FUZZY
It would be a major mistake for a naive and inexperienced taxpayer to take advantage of the Streamlined and Fresh Start Offer in Compromise program. With an experienced IRS Tax Attorney in your corner, you will ensure that you will avoid costly mistakes which will result in the rejection of your Offer in Compromise.
As soon as the IRS made their announcement to expand the Fresh Start program and have more favorable qualifications for the Offer in Compromise (OIC) program, the IRS tax relief team at Flat Fee Tax Service, Inc. recognized this moment as a very real opportunity for delinquent taxpayers to settle with the IRS for less.
Historically, the IRS has accepted 34% of the IRS settlements passing through the Offer in Compromise program. When you have the IRS tax relief team at Flat Fee Tax Service, Inc. working for you, that percentage increases. The reason is this: we will not accept your case unless we feel strongly that we can have your settlement offer approved.
If our IRS tax relief team determines that you, the distressed, financially struggling taxpayer, are eligible and qualified to submit an Offer in Compromise, you can be reasonably assured that your settlement offer will be accepted. Everything will depend on you being willing to follow your tax relief team's directions and your determination to take the necessary steps to work with us.
IT'S STILL THE IRS
Even though there are new rules for an IRS settlement through the Fresh Start program, the IRS has not completely changed its stripes and is still the world's most powerful collection agency. If you make an error on your settlement offer, the IRS will reject your Offer in Compromise and will not tell you why. All the IRS will say is this, "it's unprocessable."
The IRS will continue to use a set formula to setermine the amount they are willing to accept in settlement. However, these variables are changing in the taxpayers favor. Due to the economy, the IRS has been forced to relax their criteria for qualifying for an Offer in Compromise. The IRS has provided an opportunity for taxpayers to get back on their feet.
The details involved in a successful Offer in Compromise are complex and it would greatly benefit you to have an experienced IRS Tax Attorney handle your settlement offer.
YOU HAVE AN INCREDIBLE OPPORTUNITY
TAKE ADVANTAGE OF THE
IRS FRESH START PROGRAM
It makes sense for the IRS to settle with taxpayers and clear their books of delinquent back tax debt. The IRS wants and needs to work with taxpayers to ensure productivity in what is a terrible economy. Not only does it help taxpayers get back on their feet and become productive members of society but helps the country. having everyone deeply in debt helps no one.
No one knows how long the IRS Fresh Start program will last especially in an election year so if you are struggling with a back tax debt, you would be silly and foolish not to take advantage of this settlement program.
TAKE A STEP FORWARD
SETTLE WITH THE IRS
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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 free consultation and we can determine at that time if you are qualified and eligible to settle with the IRS through the Fresh Start Offer in Compromise program.
LOW FEES TO STOP AN IRS LEVY
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 IRS Fresh Start Offer in Compromise work which includes: stopping an IRS Levy / IRS Wage Garnishment and preparing and supervising your Fresh Start IRS Offer in Compromise.
GET RID OF YOUR
IRS BACK TAX DEBT
SETTLE WITH THE IRS FOR LESS
THE FLAT FEE TAX SERVICE, INC.
IRS FRESH START HELP - LINE:
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