Friday, October 20, 2017

Your IRS Tax Relief Advocate

Flat Fee Tax Service, Inc. is a tax relief advocacy firm comprised of IRS Tax Attorneys and accredited tax specialists with 60 plus years of combined experience.

Our tax relief team is absolutely committed to reaching the most timely and favorable IRS resolution possible, for each and every one of our clients. The success of our firm, our reputation, and our A Plus rating with the Better Business Bureau, is a testament to the value and effectiveness of the tax relief services we provide, and to our passion for protecting taxpayer rights.


Our Tax Attorneys take a sincere, personal interest in every client. At Flat Fee Tax Service, Inc., we take the extra time to familiarize you with our team, and protect your Taxpayer Bill of Rights throughout the entire tax relief process. We will openly communicate with you along the way, to ensure each of the necessary steps are taken, and that the appropriate documentation is completed and submitted properly.

One Solution for All Your IRS Tax Relief Needs

Taking on the IRS is a very serious matter. Selecting an experienced tax relief company, with an established track record for success is critical. At Flat Fee Tax Service, Inc., our knowledgeable, experienced staff of accredited, Tax Lawyers have successfully handled countless volumes of appeals. Whether you are in need of a tax penalty abatement, an IRS settlement through the Offer in Compromise program, or need an IRS Garnishment stopped and released, we have the expertise to identify the right course of action, based on your particular circumstances.

A full-service tax relief team, Flat Fee Tax Service, Inc., is proud to serve as your tax resolution solution specialists. We’ve been in the business of providing expert support to clients with a broad range of complex tax issues since 2010. We handle all types of Federal tax matters, including appeals, delinquent returns.

In most cases, our IRS Tax Attorneys can alleviate the financial and emotional burden resulting from IRS tax problems by reaching a successful resolution through strategic negotiations with the IRS.

A Vital Resource

At Flat Fee Tax Service, Inc., our tax relief team interacts with the IRS on a daily basis; it’s what we do. As a result, we are intimately familiar with the ins and outs of resolving tax liabilities. Our expertise ensures that every possible recourse provided to taxpayers under the Taxpayer Bill of Rights will be available to help protect your hard-earned assets.

Our vast experience resolving Federal tax matters ensures that you achieve the best possible outcome in the most timely manner. We’ll never leave you in the dark, either. We will continue to advise and guide you until your IRS tax problem is completely resolved, keeping you informed on your situation through the entire tax relief process.

Our IRS Tax Attorneys Smash IRS Tax Debt
 
A Comprehensive List of IRS Tax Relief Services

No matter what course of tax relief action your circumstances dictate, we have the experience and expertise to execute it with the highest degree of efficiency. Whether pursuing a penalty abatement, innocent or injured spouse relief, an IRS Offer in Compromise, is in your best interests, our representation ensures the best possible outcome. At your free, no-obligation consultation, we will design a unique tax relief plan, tailored to meet your unique needs. Our IRS Tax Attorneys will protect every available dollar in your recovery plan and ensure your taxpayer rights are upheld throughout the entire recovery process.
Facing an IRS Tax Lien, or IRS Garnishment?

Flat Fee Tax Service, Inc., can often reach a successful resolution, negotiating a settlement with the IRS. Qualified taxpayers may be eligible to settle with the IRS through an IRS Offer in Compromise, or a penalty abatement, settling the debt at a fraction of the original amount.

FLAT FEE TAX SERVICE, INC.

Good People - Doing Great Work

FLAT FEE TAX SERVICE, INC. 

Guided by our Christian Values

CONSULTATION: 1-800-589-3078






IRS Tax Relief - IRS Tax Attorneys - Offer in Compromise

Tuesday, October 10, 2017

Unpaid Taxes - What Happens When You Owe The IRS

Having unpaid taxes or back taxes can lead to a variety of IRS tax problems including significant tax penalties. The IRS offers a variety of methods that will limit IRS collection actions to financially distressed taxpayers that have unpaid taxes. Below are the various consequences and solutions to having unpaid taxes.


We Work To Eliminate Tax Debt

Unpaid Taxes - The Consequences


The consequences of unpaid taxes vary significantly depending on the situation of the taxpayer. One of the biggest consideration factors is whether your tax debt has been filed. The tax penalties for having unfiled and unpaid taxes is 10 times greater than having unpaid taxes alone. If a tax debt remains unpaid, the IRS will follow collection enforcement for most taxpayers that often ends with federal tax liens and IRS levies. Below are details on tax penalties and other possible IRS enforcement actions to collect unpaid taxes.


Unpaid Taxes and Unfiled Tax Penalties


When tax returns have not been filed by the due date and taxes are owed, this will lead the IRS to charge some of the steepest tax penalties. The IRS penalty that the IRS charges for unfiled taxes with a balance due are called the failure-to-file tax penalty. The failure to file penalty is usually charged at a rate of 5% of the tax amount owed each month with a maximum penalty of 25% of the total tax amount owed. If the tax return is filed 60 days or more after the due date (or extended due date), the minimum penalty that is due is the smaller of $135 or 100% of the tax liability amount.
If taxes remain unfiled, the IRS and will file a substitute for return on the behalf of the taxpayer in order to assess tax liability and tax penalties. In most situations, the amount assessed will be greater with a substitute for return than if the taxpayer filed themselves because deductions and credits will be limited. The higher the assessed tax liability, the greater the tax penalties will be.


Unpaid Taxes Penalty (If tax return was filed by due date)


The tax penalty for owing taxes but filing on time is significantly less than owing taxes with unfiled tax returns. The IRS penalty for having unpaid taxes is called the failure-to-pay penalty which is charged at a rate of 1/2 of 1% of the tax liability each month (or part of the month) that the taxes remain unpaid. The maximum amount of this penalty is 25% of the unpaid taxes.

If you filed an extension to file taxes then the failure-to-pay penalty will not be charged if 90%of the taxes owed are paid by the original due date and the remaining balance is paid by the due date of the extension.




Other Possible Consequences or Implications for Unpaid Taxes

The collection process starts by sending a letter demanding payment and assessing additional penalties and interest. Normally after multiple letters and taxpayer inaction, harsh collection tactics begin. Below are a few of the methods that may be used by the taxing authorities to collect unpaid taxes:
  • Federal Tax Lien: A federal tax lien is the government’s claim on the taxpayer’s property. The existence of a federal tax lien ensures that they get first rights to your property over other creditors.
  • IRS Wage Garnishment: The IRS will contact your employer and demand they withhold a certain percentage of your pay to cover unpaid taxes.
  • IRS Bank Levy: The IRS will contact your bank and demand a hold be put on the funds that are in the account and then seize the funds to cover the unpaid tax liability.
  • IRS Property Seizure: The IRS may seize assets such as your car, boat, house or another asset of value that can be sold to cover the unpaid tax liability.
  • Jail time: Incarceration is possible but very unlikely. Depending on the circumstances, the IRS can have a taxpayer arrested and put in jail.

Resolving Unpaid Taxes


Most taxpayers have unpaid taxes because unforeseen events arise that do not allow them to pay what is owed in full. The taxation authorities realize that these situations do arise and are willing to work with the taxpayer to figure out an arrangement. The large penalties that are charged are done to pressure the taxpayer to work with the IRS as soon as possible. Once an arrangement is agreed upon, the penalties and interest will cease or get charged at a much lower rate. Below are some of the common methods used to resolve unpaid taxes that cannot be paid in full.


  • Offer in Compromise (OIC): This is a program that is offered to taxpayers that have a high likelihood of not being able to pay their taxes off before the statute of limitations on the tax debt expires. With this program, taxpayers can settle their taxes for less than the total amount owed.
  • Currently Not Collectible (CNC): Getting declared uncollectible puts a hold on collection activities on the taxpayer until their financial situation improves enough to allow them to pay money towards the debt without causing financial hardship. In many cases, the statute of limitations expires before the debt is collected and the taxpayer no longer owes the tax debt. Be aware that certain taxpayer actions can extend the CSED. Therefore, working with a tax professional here is a taxpayer’s best interests.
  • Penalty Abatement: This option is typically used in conjunction with other methods mentioned above. If the taxpayer has a good enough reason for not being in compliance with tax laws, also known as reasonable cause, then penalties could be removed or reduced.
It is important to keep in mind that for every IRS problem, there is a tax relief resolution. Generally, the IRS will not want to cause financial hardship on the taxpayer. Mainly the only time the IRS will cause financial hardship is because the IRS is unaware that they are causing this hardship.


Getting Help With Unpaid Taxes


No matter what your financial situation is, our tax relief team will be able to analyze your tax and financial situation to determine the best tax relief strategy to get you the best outcome for you.


FLAT FEE TAX SERVICE, INC.

BBB ACCREDITED - A PLUS RATING

1-800-589-3078





Friday, October 6, 2017

IRS Wage Levy - Stop an IRS Wage Levy Today

Stop IRS Wage Levy Today

Call Now To Stop Your IRS Wage Levy – 
Free Consultation 800-589-3078

At Flat Fee Tax Service, Inc., our Tax Lawyers will stop 
your IRS wage levy in one day. 



Our team doesn't send mail to resolve your problem. We pick up the phone immediately to stop that nasty IRS wage levy.

Our team has many years of experience and will stop an IRS wage levy in a day because our company specializes in understanding exactly how the IRS works and what documentation is immediately needed.

IRS garnishments (IRS wage levy) can really be stopped in one business day if done properly. You should realize that the IRS utilizes a wage garnishment or levy to bring you down very quickly. This is one of the most lethal weapons available to the IRS.

Do You Want An IRS Tax Levy Stopped In One Day?

One of the main reasons why a tax lawyer should contact the IRS on the taxpayers’ behalf is because the IRS will not give you any information about your compliance right away. The will immediately interrogate you first. The IRS will try to find out what bank accounts you have, what other incomes you have and the assets you own and this is all in an effort to enforce an IRS wage levy, garnish, or seize any assets the taxpayer may have.

Your Tax Lawyer does not have to release your 
personal information to the IRS.

Everything is determined by the IRS computers called the Automated Collections System (ACS). Depending on what the computer states, you may have to file 6 year’s worth of IRS tax returns or they may even go back to 15 year’s worth of taxes. This is why the IRS must be contacted immediately to figure out what needs to be done to bring the taxpayer back into compliance.

If you have IRS compliance issues, the IRS will inform your Tax Lawyer or you, the taxpayer, what taxes must be filed. It is important to prepare these non-filed tax returns, but not to mail them in. Your tax returns need to be faxed to the IRS so they are acknowledged in the IRS computers immediately and the processing of these returns can start within hours, not weeks or months; the IRS will not release the wage garnishment until the tax returns are at least submitted for processing to the IRS.

FLAT FEE TAX SERVICE, INC. CAN PREPARE YOUR NON-FILED TAX RETURNS IN SHORT ORDER.

Once it is determined that a taxpayer is in compliance, the next thing the IRS is looking for is a resolution to the outstanding taxes owed to the IRS. This may be in the form of a payment plan, a partial payment plan, having the taxpayer declared non-collectible or an offer in compromise.

In most cases, the IRS will request your financial information through certain IRS forms in order to determine how much, if anything, you can afford to pay towards your total tax liability. If your file is being handled in the automated collections division, a 433F form (a simplified Collection Information Statement) has to be prepared and submitted along with supporting documentations. If the file is assigned to a field agent, a 433A form (a detailed Collection Information Statement) has to be prepared and filed with the field agent, also along with the supporting documentation.

The IRS knows that in most cases, the wage garnishment or IRS wage levy is a hardship on the taxpayer, and the proper procedure is that after submitting these financials, the IRS should release the wage garnishment within hours. Unfortunately, taxpayers try to perform this procedure by themselves; without a tax lawyer involved.

Without an IRS Tax Lawyer to protect you, the IRS will simply drag their feet and will prolong the IRS wage levy because the longer the IRS wage levy is in place, the more you will agree to anything the IRS proposes. Our Tax Lawyers will force the IRS to comply with the rules and regulations to have these matters expedited within hours and not weeks or months.

There is a second method of having an IRS wage garnishment or IRS wage levy released; this procedure consists of proving to the IRS that your IRS wage levy is a true and immediate hardship. A hardship to the taxpayer is that housing, transportation or food expenses are at an immediate risk; i.e. if your electricity is about to be disconnected, and you can provide a statement from your service provider showing that your electricity is being shut off due to non-payment or if you are able to provide an eviction notice or foreclosure notice due to non-payment the same method applies. Asking the IRS to stop and release the IRS wage levy based on these facts is a very difficult task because the IRS is receiving nothing in return providing a solution to the outstanding taxes. This is an uphill fight with the IRS but the IRS is supposed to follow procedures and in most situations, the taxpayer is unable to resolve this issue without a tax professional.

FLAT FEE TAX SERVICE, INC.

GUIDED BY OUR CHRISTIAN VALUES

1-800-589-3078





Tuesday, October 3, 2017

Offer in Compromise - Los Angeles Tax Debt

Los Angeles Tax Debt

Offer in Compromise

Many Americans are afraid of the IRS because theIRS has the power to destroy the lives of taxpayers as well as their livelihoods. Many people have to deal with Los Angeles tax debt, and this has caused a great deal of anxiety for the financially struggling taxpayer.

Fortunately, the IRS has tax forgiveness programs that will allow eligible taxpayers to settle their tax debt. In fact, the IRS has rolled out a series of initiatives that can help taxpayers get back on their feet.





What is an Offer in Compromise?

An Offer in Compromise allows the taxpayer to settle their debt for less than what they owe. It can be a good option for someone who can’t pay all their Los Angeles tax debt, especially if it could cause extreme financial hardship.

The IRS has four main considerations that can determine a taxpayer’s Offer in Compromise eligibility:
  • A taxpayer’s ability to pay their back taxes.
  • How much the taxpayer earns.
  • The taxpayer’s monthly expenses.
  • The equity of a taxpayer’s assets.

It’s important to go through an Offer in Compromise pre-qualification process before you apply for this program. To be eligible, you must:
  1. Be up to date with all filing and payment requirements.
  2. Not be involved in bankruptcy proceedings at the time you apply.

Be sure to call Flat Fee Tax Service, Inc. to see if you’re eligible. If you qualify, you need to follow the instructions on how to apply for an Offer in Compromise. 

Can't Pay The IRS? The Offer in Compromise May Be Right For You


Your Offer in Compromise form will include:

  • File a Form 433-A for individuals, or form 433-B for businesses, as well as all required documentation
  • Form 656 – This is for both individuals and businesses
  • Pay the non-refundable $186 application fee
  • Pay the Initial payment that’s on Form 656.

Once you have submitted tax settlement form, you’ll have to select a payment method. Acceptable forms of payment include:
  1. Lump Sum Cash Payment: You must pay 20% of the amount you owe once you receive written confirmation of your Offer in Compromise. Then, you will pay the rest of the balance in no more than five installments.
  2. Periodic Payment: Make the first payment when you submit your application, and you continue to make monthly payments while the IRS considers your offer. If it is accepted, you will continue to make payments until the debt is paid off.

If you qualify for the Low-Income Certification, you will not have to pay an application fee or a first payment, but you will have to make monthly payments while they consider your offer.

To decide if an Offer in Compromise is right for you, you need to understand the tax settlement process. 

While your offer is being evaluated:
  • Non-refundable payments and fees are put towards your tax liability.
  • A Federal Tax Lien may be instituted while the Offer in Compromise proceeds through the IRS system.
  • Other forms of IRS collection activity may be suspended.
  • Legal assessment and collection periods may be extended.
  • Make the requisite payments associated with your offer.
  • You will not be required to make existing installment agreement payments.

An Offer in Compromise will be automatically granted if the IRS does not make a determination within two years of when the taxes are due.

IRS STATISTICS: 42% OF THE 80,000 OFFER IN COMPROMISE SUBISSIONS WERE APPROVED IN 2016.

95% OF FLAT FEE TAX SERVICE, INC.'S CLIENTS RECEIVED TAX FORGIVENESS.

Choosing The Right Tax Relief Company for Resolving 
Los Angeles Tax Debt

With so many Americans dealing with hard times, there has been an increasing demand for tax relief services. But not all of them are legitimate.

Some warning signs of a questionable tax relief company include:
  1. Promising that you will get a lower payment for the taxes you owe.
  2. Giving an unrealistically short amount of time to process the debt relief request.
  3. Left out applicable information about your assets on IRS financial statements.

Some of the other warning signs include:
  1. Asking for payment in full upfront fees
  2. High-pressure sales tactics
  3. “Pennies on the Dollar” Advertising
  4. “Guaranteed Tax Solutions”

If you believe that the tax relief company you’re working with is questionable, you can report any problems to the IRS by filling out Form 14157 (Complaint: Tax Return Preparer).

FLAT FEE TAX SERVICE, INC. IS ACCREDITED BY THE BBB AND MAINTAINS AN A-PLUS RATING.

Understanding Your Tax Relief Resolution Options:
  • Whether you decide to file for an Offer in Compromise, petition the IRS directly, or work with a tax relief company, make sure you:
  • Understand your rights.
  • Know your options.
  • Explain why you have this tax debt.
  • Request a new review if you cannot get a satisfactory resolution.
  • Offer the IRS solutions to your tax debt.
You have a few options for tax relief, which are:
  1. Paying the IRS in full.
  2. Setting up a monthly payment plan.
  3. Applying for tax forgiveness through the Offer in Compromise program.
  4. Asking the IRS to place your account into Currently not Collectible status and pay nothing up front.

Are you still not sure which tax settlement option is right for you? Or, do you just want someone in your corner while dealing with Los Angeles tax debt?

FLAT FEE TAX SERVICE, INC.

LOW AFFORDABLE FEES

1-800-589-3078





Monday, October 2, 2017

HOW TO STOP AN IRS WAGE GARNISHMENT

HOW TO STOP AN IRS WAGE GARNISHMENT

If this has happened to you, Flat Fee Tax Service, Inc. has a quick and affordable process to get you an immediate IRS wage garnishment release.

Our Tax Lawyers know the fastest and most affordable way to get your IRS Wage Garnishment Stopped and Released.

IN FACT, FLAT FEE TAX SERVICE, INC. WILL STOP AN 
IRS WAGE GARNISHMENT IN ONE DAY.



The IRS collection process allows for the IRS to levy and will garnish wages for uncollected back taxes. These IRS wage garnishments will not go away until you the proper steps are taken to stop the IRS seizure.

Your employer must comply with the federal rules for the IRS wage garnishment or your employer will have sanctions imposed on them by Internal Revenue Service.

It is possible to have your IRS wage garnishment removed and released in one day and have your case closed.

The team we have assembled at Flat Fee Tax Service, Inc. knows the exact process and fastest protocols possible to stop an IRS wage garnishment.

Here is how simple the process is to get a Wage Garnishment Release by Flat Fee Tax Service, Inc.:
  • Immediately contact your payroll department and let them know you have hired a professional company to take care of this IRS problem;
  • Make sure all your back IRS tax returns have been filed with the IRS, (we can prepare your non-filed returns);
  • Our Tax Lawyers will contact the IRS with a power of attorney so you NEVER have to speak with the IRS on these back tax issues;
  • Provide information necessary to prepare an IRS Form 433a or 433f – Collection Information Statement, with supporting documentation;
  • Our Tax Lawyers will package the documentation, send it to the IRS, and immediately request that they release the wage levy or wage garnishment and close your case.
Stop An IRS Wage Garnishment In One Day

You do not have time to waste. Each day that you wait, the IRS is taking more money from you and your family. Call Flat Fee Tax Service, Inc. today and we will STOP the IRS Wage Garnishment today.

The Process to immediately Stop an IRS Wage Garnishment:

  1. Depending on your tax problem, it may be necessary to provide some documents to the IRS before they will stop and release your wage garnishment. 
  2. That financial statement will be on form 433-F. Our team will provide you with our own financial questionnaire and from that document, we will prepare your 433-F.
  3. You will need to provide the Internal Revenue Service not only this financial statement you will also need to show IRS a current pay stub and last 3 to 6 months of bank statements. The IRS will determine the collectibility of your case based on your current financial statement and financial needs.

To immediately stop the IRS wage garnishment this information needs to be faxed or sent to the Internal Revenue Service as soon as possible. As soon as the IRS agent can review your case and your current financial statement, they can make a determination on how they will settle your case. As a general rule once the IRS agent has your current financial statement they will release and stop your IRS wage garnishment that very day.

We can usually get an IRS wage garnishment release to stop your IRS levy garnishment within 24 hours of receiving your financial information.


FLAT FEE TAX SERVICE, INC.

STOP IRS WAGE GARNISHMENT

1-800-589-3078



Thursday, September 28, 2017

What is the IRS Tax Forgiveness Program?

TAX FORGIVENESS

If you owe the IRS and can’t pay, you may qualify for the IRS Tax Forgiveness Program.

Under certain circumstances, taxpayers can have tax forgiveness for their tax debt. When the IRS considers tax forgiveness, the present financial condition of the taxpayer is the primary reason for settlement. That means the IRS cannot collect more than a taxpayer can pay. If any enforcement action by the IRS would force a taxpayer into a financial crisis, the IRS cannot collect the back taxes.




Tax Forgiveness - Offer in Compromise

If a taxpayer only has the financial resources to pay only a partial amount of their tax debt can apply for the IRS tax forgiveness plan called an Offer in Compromise to resolve the remaining tax debt. Depending on the financial capacity of the taxpayer, the IRS significantly reduces the total tax debt to an amount that the taxpayer can pay. This reduced amount can be paid in a lump sum or in fixed monthly installments.

Tax Forgiveness - The Fresh Start Initiative

To make it easier for taxpayers to qualify for an Offer in Compromise, the IRS has expanded tax forgiveness through the Fresh Start Initiative. Under the new, more flexible rules, taxpayers do not have to disclose extensive financial details to the IRS to judge their paying ability. 

The Fresh Start Initiative for an Offer in Compromise offers taxpayers the following advantages:
1. The IRS now looks at only one year of future income for offers if they are paid in five or fewer months when calculating a taxpayer’s reasonable collection potential. This is down from previous four years. For agreements of six to 24 months, the IRS now looks at two years of future income instead of the previous five years.
2. Taxpayers are now allowed to make their student loans’ minimum payments for post-high school education loans guaranteed by the federal government.
3. Taxpayers may, under certain conditions, pay delinquent federal and state or local taxes in monthly installments if they cannot pay it in full.
4. The standard allowance for the Allowable Living Expense amount has been expanded. This allowance now includes credit card payments, bank fees and charges, and other miscellaneous allowances.

READ MORE: http://www.thebestirshelp.com/blog/post/tax-forgiveness-for-a-tax-debt-you-cant-pay 

Flat Fee Tax Service, Inc. Has Happy Clients


CURRENT IRS STATISTICS FOR 2016 HAVE 42% 
OFFER IN COMPROMISE APPROVAL RATE.

95% OF FLAT FEE TAX SERVICE, INC'S CLIENTS HAVE BEEN APPROVED FOR TAX FORGIVENESS.

The Offer in Compromise is much publicized because it allows taxpayers to reduce their tax debt. While this certainly sounds attractive, it’s important to remember that an Offer in Compromise is not for everyone and there are strict qualification requirements. Those taxpayers who have limited financial ability and meet certain tax forgiveness qualifications may seek reduction through an Offer in Compromise.

The IRS reviews the financial status of every applicant, including income from all sources and asset equity before accepting the application for an Offer in Compromise. Expenses and ability to pay are also considered. If it’s discovered that a tax forgiveness applicant has the ability to pay the entire tax debt, the IRS may penalize him or her for requesting tax debt reduction. This is a big reason why you should have an experienced IRS Tax Lawyer do your Offer in Compromise.

If the IRS determines that forcing the taxpayer to pay the full debt will create a financial crisis, the IRS may consider reducing the debt to a figure that the individual can pay in a lump sum or in installments. According to the IRS, a financial crisis is one in which the taxpayer cannot satisfy basic living needs such as shelter, food, transportation, etc.

If you qualify for tax forgiveness through an Offer in Compromise, it will drastically reduce your tax debt. In order to determine whether an Offer in Compromise is your best option for tax forgiveness, you may want to contact Flat Fee Tax Service, Inc.

FLAT FEE TAX SERVICE, INC.

CALL FOR TAX FORGIVENESS

1-800-589-3078






Wednesday, September 27, 2017

Unfiled Tax Return - Failure to File

UNFILED TAX RETURNS

The United States has a voluntary income tax reporting system. U.S. citizens, permanent residents, and businesses here must annually file income tax returns with the IRS, reporting their “worldwide income”, deductions, and their “net taxable income”, and pay income taxes to the IRS based on this amount. The rate of tax is “progressive”; that is, it increases as taxable income goes up. There is a minimum level of income for which an annual tax return is not required to be filed and which varies on filing status. For example, in 2016 for a single (unmarried) taxpayer, the individual must generally have at least $10,350 to require a return to be filed for the year. Even if an individual or business has only income they believe may be “exempt” from income tax (e.g. certain social security payments, interest in municipal bonds, etc.), a tax return must still be filed.

Penalties and interest for an unfiled tax return can be substantial and can exceed “credit card rates.” None of the penalties or interest owed on a federal tax debt are deductible.

If an individual has received income from third parties, such as wages or salaries (Form W-2) or dividend, interest, property sale proceeds, or contractor payments (form 1099), the IRS receives this information. If an individual has an unfiled tax return and you fail to report this income, the IRS computer system will identify this non-reporting and begin to send a series of notices to the taxpayer notifying them to file. If you continue to have unfiled tax returns, the IRS will prepare a “Substitute for Return” (a default assessment ) and then the taxpayer will get a tax notice due bill that will come with failure to file penalties and interest. A “Substitute for Return,” however, is not a voluntary tax return, and the associated tax liability cannot be discharged in bankruptcy.




Having an unfiled tax return when an individual or business has sufficient income is a crime “willfully failing to file.” Both the IRS and state departments of revenue prosecute taxpayers for not filing. This is about going prison at this point and the taxes will also be due. Increased failure to file penalties may also apply where not filing is considered to be “fraudulent. Simply not filing a tax return can also be a more serious felony, such as tax evasion, where in addition to not filing, a taxpayer does other “affirmative acts” to evade taxes, such as filing a Form W-4 with his or her employer claiming to be exempt from tax withholding or transferring or hiding assets.

Don't Have The IRS Step On You

DON'T GET STOMPED ON

If your tax return is due and remains as an unfiled tax return, care must be taken on how to address the issue. Any individual with unfiled tax returns must speak with a tax lawyer to understand their options.

CALL FLAT FEE TAX SERVICE, INC.

FIX YOUR UNFILED TAX RETURN PROBLEM TODAY

1-800-589-3078





Tuesday, September 26, 2017

Offer in Compromise

OFFER IN COMPROMISE

Where individuals and businesses owe an IRS tax debt, the IRS has a settlement program where it will accept less than what is owed. The IRS settlement program is known as an Offer in Compromise. Congress has given the IRS the authority to compromise and settle a tax debt owed to it, but only under very specific terms. The IRS does not have other programs or alternatives where it can accept less in settlement than what is owed. Only the Offer in Compromise program settles tax debt.

The IRS Offer in Compromise program has been in effect for many years, but the program has changed for the better. Most individuals and businesses file their own Offers in Compromise with the IRS and without understanding the requirements for a settlement offer including the unpublished policies and practices of IRS Offer in Compromise examiners. 


The vast majority of Offers in Compromise are rejected by the IRS for this reason because of naive, inexperienced taxpayers filing their own tax settlement.

CURRENTLY, PER IRS STATISTICS, THE IRS ACCEPTED 42% OF ALL OFFER IN COMPROMISE SUBMISSIONS.

95% OF FLAT FEE TAX SERVICE, INC.'S CLIENTS HAD A SUCCESSFUL OFFER IN COMPROMISE.



Generally, the IRS will not even consider an Offer in Compromise unless an individual or business has first filed all his/her/its required tax returns, and is able to prove to the IRS the individual or business is making current tax payments (employee withholdings, quarterly estimated tax payments, employer tax withholding deposits). If you have not filed all your required tax returns, and/or have not made payments to the IRS for your current-year taxes, this must be done first, or the IRS will simply send an Offer in Compromise back and move on and continue to collect all the taxes as before.

READ MORE: http://www.thebestirshelp.com/blog/post/offer-in-compromise--8-tips-to-success-1

For individuals and businesses that are current and compliant with their tax return filings and payments, the IRS can then consider an Offer in Compromise. There are a number of different approaches to filing an Offer in Compromise with the IRS. The primary method is under a “Doubt as to Collectibility” standard, and where the taxpayer can demonstrate that he, she or it does not have the assets or the income with which to currently pay all the taxes. For this purpose, the IRS will evaluate whether the taxpayer has sufficient “net equity” in assets to pay all the taxes; if so, the Offer will be rejected. The IRS will consider whether the taxpayer can fully pay off the tax debt through a payment plan; if so, again the settlement offer will be rejected.

FIND OUT IF YOU CAN DO AN OFFER IN COMPROMISE


If the taxpayer can finally get over all these hurdles, the IRS will consider accepting an Offer in Compromise payment by evaluating the taxpayer’s equity in assets together with an amount representing 12-24 months of the taxpayer’s net income. Asset valuations and required income and expenses used to evaluate monthly “net income” can and often should be negotiated with the IRS. The IRS does not tell this to taxpayers.

Individuals and businesses that wish to reduce their taxes owed to the IRS should consider an Offer in Compromise, but should always consult with an experienced tax lawyer to fully understand the Offer in Compromise program and what it can provide you.

FLAT FEE TAX SERVICE, INC.

OFFER IN COMPRISE HELP:

1-800-589-3078








Wednesday, September 20, 2017

Offer in Compromise

OFFER IN COMPROMISE

Where individual taxpayers owe IRS taxes, the IRS has a settlement program where it can legally accept less than what is owed. This tax settlement is known as an Offer in Compromise. Congress has given the IRS the authority to compromise and reduce a tax debt owed to it, but only under very specific terms. The IRS has no other programs or alternatives where it can accept less tax than what is owed – only the Offer in Compromise.

The IRS Offer in Compromise program has been in effect for many years, but the program has changed. Many individuals and businesses file their own Offers in Compromise with the IRS and without understanding the requirements for a settlement offer and including the unpublished policies and practices of IRS Offer in Compromise reviewers. The vast majority of Offers in Compromise are rejected by the IRS for this reason.

CURRENTLY THE IRS IS APPROVING 42% OF THE OFFER IN COMPROMISE SUBMISSIONS.
95% OF FLAT FEE TAX SERVICE, INC.'S CLIENTS HAVE RECEIVED A SUCCESSFUL OFFER IN COMPROMISE.



Generally, the IRS will not even consider an Offer in Compromise unless an individual or business has first filed all his/her/its required tax returns, and is able to prove to the IRS the individual or business is making current tax payments (employee withholdings, quarterly estimated tax payments, employer tax withholding deposits). If you have not filed all your required tax returns, and/or have not made payments to the IRS for your current-year taxes, this must be done first, or the IRS will simply send an Offer in Compromise back and move on and continue to collect all the taxes as before.


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For individuals and businesses that are “current/compliant” with their tax return filings and payments, the IRS can then consider an Offer in Compromise. There are a number of different approaches to filing an Offer in Compromise with the IRS. The primary method is under a “Doubt as to Collectibility” standard, and where the taxpayer can demonstrate that he, she or it does not have the assets or the income with which to currently pay all the taxes. For this purpose, the IRS will evaluate whether the taxpayer has sufficient “net equity” in assets to pay all the taxes; if so, the Offer will be rejected. Also, the IRS will consider whether the taxpayer can fully pay-off the tax debt through a payment plan; if so, again the Offer will be rejected.

WHO WANTS AN IRS SETTLEMENT?


If the taxpayer can finally get over all these hurdles, the IRS will consider accepting an Offer in Compromise payment – less than what is due from the taxpayer – by evaluating the taxpayer’s equity in assets together with an amount representing 12-24 months of the taxpayer’s net income. Asset valuations and required income and expenses used to evaluate monthly “net income” can and often should be negotiated with the IRS. The IRS does not tell this to taxpayers.

Individuals and businesses that wish to reduce their taxes owed to the IRS should consider an Offer in Compromise, but should always consult with an experienced tax lawyer to fully understand the program, what it can provide, and especially its limits.

FLAT FEE TAX SERVICE, INC.

OFFER IN COMPROMISE HELP

1-800-589-3078



Wednesday, September 6, 2017

What Are Back Taxes? How to Negotiate Back Taxes With IRS?

Definition of Back Taxes:

Unpaid back taxes can be a serious issue for many taxpayers who don’t have the means to pay them. The Internal Revenue Service (IRS) has recently turned over the collection of unpaid back taxes to private collection agencies. Taxpayers who lack the means to repay back taxes may often negotiate a lesser settlement with the IRS through the offer in compromise program either directly or through a tax lawyer.

Currently, per IRS statistics, the IRS is approving 42% of all Offer in Compromise applications.

95% of Flat Fee Tax Service, Inc.'s Clients have Received a Successful Offer in Compromise.


One of the most common questions our team will hear during our consultations is “I owe the IRS years of back taxes, what are my options?” Many taxpayers gravitate towards the Offer in Compromise (OIC) program, possibly falling victim to the late night television commercials that claim “we can get you a settlement for pennies on the dollar.”

No reasonable person with back taxes due would pass up the opportunity to settle their back taxes for “pennies on the dollar,” but the reality is those types of resolutions not for everyone. You need to be both qualified and eligible to settle your back taxes. While an Offer in Compromise may work for some, it certainly does not work, or make sense, for everyone.

The good news is the IRS has many other options available to alleviate an individual’s back taxes. If you cannot pay the IRS for your baxk taxes, the IRS will encourage you to charge the extra amount on your credit card. This may be a bad idea, because the interest on your credit card will probably be a lot higher than the interest and penalties the IRS will charge if you reach an agreement with them.

The IRS is particularly focused on the following changes:
  1. Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.
  2. Making it easier for taxpayers to obtain federal tax lien withdrawals after paying back taxes.
  3. Withdrawing federal tax liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement.
  4. Creating easier access to Installment Agreements for more struggling small businesses.
  5. Expanding a streamlined Offer in Compromise program to cover more taxpayers.

From a taxpayer’s point of view, it’s great to see the IRS offering more options for Americans struggling to keep up with their tax payments. But if you do fall behind, don’t just stand there – take the following steps to resolve your debt with the IRS.

Suggested Read: Why An IRS Lawyer Is A Good Idea

Always File Your Tax Return

If you owe the IRS an amount that you cannot pay in one lump sum with a return, it is important to file the return anyway, says the best IRS help team at Flat Fee Tax Service, Inc.

This will reduce some of the penalties. “Occasionally clients tell us during our initial consultation that they did not file a return because they were unable to pay the back taxes due. This usually causes them to create IRS penalties that are significantly greater than they would have paid had they at least filed the return.”


THE IRS WILL GO "BOOM"!!!!

Back Taxes - Gets Worse with Age

It is always best to deal with IRS tax problems in a proactive manner. The IRS will not immediately pursue you for delinquent tax penalties and interest. In many cases it will take months before the IRS begins collection efforts.

At first, IRS collection efforts can seem benign, consisting of only computer generated letters. At some point, however, the IRS will begin very aggressive enforcement tactics, including the IRS garnishing wages. The IRS will order your employer advising that you have delinquent back taxes and that any wages that would be paid to you should be paid to the IRS.

Go For an IRS Installment Agreement?

We are always surprised to find out how few taxpayers consider entering into an installment agreement to pay off their IRS back taxes if you ahve the ability and assets to pay your back taxes.

When To Enter Into An IRS Installment Agreement. 


The easiest way to answer this question is to list when an installment agreement should not be used, which is when another option is far superior. As an example, if a taxpayer has a large balance owed to the IRS and can only afford to make minimal installment payments another resolution option is more desirable because the taxpayer would barely be paying off the principal of their debt. That being said, the fact remains that an installment agreement should always be considered, even if only as an interim solution while considering other methods.

Pros: Makes IRS content; prevents IRS from taking further collection action; flexible; almost always available.

Cons: Interest continues to accrue; could take years to pay off your back taxes. You must remember to make payments or else default (not an issue if utilize the direct debit option).

Stick to Your Payments

Do not fail to make your payments on time to the IRS. If you violate the terms of your payment arrangements, the IRS will attach and seize property that you own, including bank accounts and even the mortgage on your home. However, if you speak with them in the event that you are having problems making your payments, you should be able to work through it.

Get Professional Help For Your Back Taxes

A professional representative can usually be of significant help in negotiating the most favorable possible compromise or installment agreement. That said, beware the “pennies on the dollar” firms or tax relief firms that advertise on late-night television, In many instances these tax relief firms will simply take a client’s money and perform no or minimal services. Many of these firms have been prosecuted in their states of origin for unlawful and deceptive business practices.

Make sure that IRS collection resolutions is the backbone of their practices. Many attorneys and Certified Public Accountants (CPAs) do tax planning but rarely interface with the IRS. It’s important that your tax relief representative has deep experience negotiating with the IRS in back taxes payment cases.

FILING YOUR MISSING TAX RETURNS

If you haven’t filed your taxes in many or a few years, you may be wondering what tax relief options you have. You may be surprised to learn that filing your tax returns can be the quickest way out of tax trouble. But you need to protect yourself.

Above all, the one thing you shouldn’t do is to do nothing. Taxpayers who don’t take action will find themselves embroiled in the IRS collection process. 

Did you know? The IRS can and will levy your wages and bank accounts. The IRS will even place a Federal tax lien on your property! If you’ve received an IRS notice about a levy or lien, it’s still not too late to get tax debt help. 

Nobody is saying that the federal government is getting all warm and fuzzy about late tax payments. However, the IRS does offer more programs than ever before for Americans to get back on track with their taxes. The key is to act quickly and find a resolution as soon as possible.

The possibility of losing wages or property is very real. You should take all IRS notices seriously because even if the IRS are the ones who made an error, you are the one who will be paying for it until/unless it’s addressed. 

FLAT FEE TAX SERVICE. INC.'S

IRS BACK TAXES HELP LINE:

1-800-589-3078




Monday, September 4, 2017

Tax Relief Attorney: When to Use IRS Tax Attorneys For Tax Relief

TAX DEBT ATTORNEY - IRS TAX ATTORNEY
TAX RELIEF

Choosing the right type of tax professional for your particular tax situation is an important decision because it can help ensure you the best outcome and can save you money. A tax relief attorney or tax debt attorney provides immediate benefits to you. Below are some benefits of using a tax relief attorney, typical situations they can be utilized for, and tax solutions they can help with.





Benefits of a Tax Relief Attorney or Tax Debt Attorney

Tax Attorney Client Privilege: The attorney-client privilege is a legal concept that is used between attorneys and their clients. This makes all communication kept strictly confidential. If a client discloses all information to their attorney, the tax relief attorney can provide better advice and will be able to represent their client in the most effective manner. This is a privilege that is not offered between accountants and their clients. 

Many times, individuals that use tax strategies that may be pushing the tax law boundaries may choose to work with a tax relief attorney instead of another type of tax professional since their tax relief attorney would never be able to testify against them.

Well Rounded Advice: A tax relief attorney will typically have the background and knowledge to offer a wider variety of solutions to a particular tax problem than other types of tax professionals. For example, a CPA or other type of tax professional cannot offer advice for filing for bankruptcy. A tax relief attorney will likely have a bigger arsenal of solutions than other types of tax professionals, which is a good thing when dealing with complex, technical tax problems.

IRS Representation: A tax relief attorney is one of the types of tax professionals that can act on your behalf and represent you before the IRS through power of attorney representation. With power of attorney representation, your tax relief attorney can represent you at meetings with the IRS, respond to IRS letters, and handle all other forms of IRS correspondence on your behalf. A tax relief attorney can also represent you before in tax court for tax issues. Being able to represent you in court is one benefit that other types of tax professionals do not offer.

IRS Tax Negotiation: Tax laws are complex. There is no standard formula to figure out what will be owed, which tax relief mechanism a taxpayer will qualify for or which penalties the IRS will make the taxpayer liable for. Many factors of the tax code can be negotiated. Tax relief attorneys generally have superior negotiation skills from their background and training than other types of tax professionals.

THE IRS IS NOT YOUR FRIEND. THEY WANT YOUR $$$$


IRS Problems a Tax Relief Attorney Can Help With:

Unfiled Tax Returns: Unfiled tax returns can be a serious issue, especially if there is a large sum of unpaid taxes that go along with them. If the filing of your tax returns does not have an legal or complex issues, it may be a better option to use a CPA or an enrolled agent to help (for the purpose of saving money).

IRS Tax Penalties: Tax penalties can be a significant portion of the total tax debt amount owed to the IRS. Many times these IRS penalties can be significantly reduced by a Tax Relief Attorney when it can be shown to the IRS that there was a legitimate reason for not staying in compliance with IRS tax laws. Also, if all of these penalties cannot be paid it is likely that a tax relief attorney can find the next best solution for you which may be to settle your tax debt.

Federal Tax Liens: A federal tax lien is the government’s claim on your property. A federal tax lien will give IRS rights to everything you own over any other debtor and this will ruin your credit. If a federal tax lien is not resolved it can likely lead to a tax levy, which will allow the IRS to legally seize your assets.

IRS Tax Levy: The IRS can legally seize wages, bank accounts, real estate, cars, boats, 401K’s and more. When being faced with an IRS tax levy it is important to act immediately to limit the financial impact of it. A tax debt attorney can stop an IRS levy and prevent significant financial damage.
Unpaid Taxes: There are countless solutions to resolving unpaid taxes. Of these solutions, some are supported by the IRS and others the IRS would never recommend. Having a tax attorney assess your situation from every angle possible can ensure you will get the best financial outcome, whether it is IRS recommended or not.

Offer in Compromise Tax Settlements: An offer in compromise is a complex tax relief settlement that allows you to settle your taxes for less than the total amount owed. 


IRS Payment Plans: The IRS offers various forms of payment plans. A tax attorney can help analyze your financial situation and determine the best type of payment plan to use, determine the monthly amount to be paid, and handle all related filings to get it properly setup.

Penalty Abatement: IRS tax penalties can be partly or fully removed through penalty abatement. The IRS uses tax penalties as a way to frighten taxpayers into staying in compliance with tax regulations.  The only way the IRS will remove these penalties is if proof is shown that there was reasonable cause for not staying in compliance with IRS tax regulations.

Innocent Spouse Relief: An uncommon type of tax relief that many tax attorneys are aware of is called innocent spouse relief. When individuals are married and file a joint tax return, each spouse is then jointly and equally liable for the tax liability that is created. The IRS made innocent spouse relief because it realizes that at times it is unfair to hold both spouses liable for the tax liability that was created.
The Tax relief attorneys or tax debt attorneys at Flat Fee Tax Service, Inc. are highly trained tax professionals that will: 

1. Stop an IRS wage garnishment in one day.

2. Prepare your missing tax returns.

3. Settle with the IRS through the Offer in Compromise program.

4. Will protect you from IRS collection enforcement.

THE FLAT FEE TAX SERVICE, INC. 

TAX RELIEF ATTORNEY HELP PHONE:

1-800-589-3078








Thursday, August 31, 2017

Tax Relief - IRS Tax Help - Flat Fee Tax Service


TAX RELIEF


Flat Fee Tax Service, Inc. is one of the top resources for tax relief help in the U.S. If you are looking for professional tax relief help to resolve your tax issues, the best IRS help team strongly recommends you call us to see what tax relief options are available to you.

While there are many tax relief companies out there, there is only one tax relief company that is #1 rated by numerous online review sites, BBB Accredited with an A+ rating and has never had a negative client review or complaint. EVER.


What Happens If You Don’t Pay Your Income Taxes?

If you don’t pay your income tax debt on time there is no tax relief until you resolve your tax debt. The longer you wait to resolve your tax debt, the more difficult and costly it will be. It is important to understand the IRS enforcement, collection process as well as your tax relief options for setting up a payment arrangement. If your taxes are not fully paid when you file your tax return, the IRS will send you a notice for the amount owed. An IRS notice is the beginning of the collection process.

IRS Tax Relief Options If You Cannot Pay Your Taxes

Although the IRS always prefers that you find a way to pay your taxes in full, you may be unable to. Depending on your situation, you may be able to request an installment agreement, an offer in compromise (IRS settlement), a temporary delay of collection, or an extension of time to pay. 

Read More: http://www.thebestirshelp.com/blog/post/irs-help--flat-fee-tax-service-inc-info

Tax Relief - What to Do If You Get a Notice from the IRS

Every year, the IRS sends millions of notices to taxpayers for various reasons. Depending on the notice, you may have a range of tax relief options. If you receive an IRS notice, you should first determine the nature of the inquiry and the stated deadline for a response.

Information About Online Payment Agreements

Before you enter into an IRS Installment Agreement, do yourself a huge favor, call Flat Fee Tax Service, Inc. first. Don't pay more than you should.

If you owe more taxes than you can afford to pay right now, the IRS offers payment arrangement options. However, it is important to understand that regardless of your reason for paying taxes late, the IRS will charge interest and penalties for late tax payments. If you owe back taxes and you cannot find another solution (such as a bank loan or other financing alternative), you may be able to apply for an Online Payment Agreement’ with the IRS. 

The Ultimate Tax Relief Program - Settle Tax Debt With an Offer in Compromise

An Offer in Compromise (OIC) may be your best tax relief option if you cannot pay your income tax in full, or if paying the full amount would cause you financial hardship. With an Offer in Compromise, an eligible taxpayer can submit a settlement offer to the IRS and request to settle their tax debt for less than the total amount due. But keep in mind, although an Offer in Compromise is a great tax relief program, it is not for everyone and it comes with eligibility requirements. A general rule of thumb: If you have the assets to pay your your income tax debt, you are not eligible. If you don't, you are.


Tax Relief from an IRS Wage Garnishment 

Tax Relief from a IRS Wage Garnishment is the Tax Lawyers at Flat Fee Tax Service, Inc. Stopping an IRS Wage Garnishment in One Day. That's Real Tax Relief. 

If you owe back taxes, the IRS may garnish your wages and/or bank account. The IRS may levy (i.e. seize and sell) any type of real or personal property that you own or have an interest in. This can include your home, car, bank accounts, wages, retirement funds, rental income, and more. It is important to understand how a tax levy can affect you, as well as your options for releasing a levy and resolving your tax debt.


IRS Tax Relief starts by calling 
the best IRS help team at 
Flat Fee Tax Service, Inc.

FLAT FEE TAX SERVICE, INC.

TAX RELIEF HELP LINE: 1-800-589-3078