Friday, August 18, 2017

Stop an IRS Wage Levy – IRS Tax Levy - Flat Fee Tax Service IRS Tax Attorney

IRS Wage Garnishment | IRS Wage Levy

An wage levy is an IRS tax seizure that forces tax payments from your paycheck towards unpaid back taxes. The IRS will order an employer to collect part of their employees’s paycheck and, remit it directly to the IRS. This action will accomplish two things: It will collect money and  it will get the taxpayers immediate attention. 

Employers will always comply with  IRS wage levy orders since, the IRS holds them responsible for payments. IRS Wage levies remain in effect until, full payment of unpaid back taxes or through knowing the Income Tax Code a stop and release of the IRS levy is obtained.

An IRS wage levy will cause taxpayers financial hardship unnecessary embarrassment since, the IRS notifies payroll employees about unpaid income tax debts.

DO YOU WANT TO STOP AN

 IRS WAGE LEVY IN ONE DAY?

CALL THE IRS TAX ATTORNEY(S) AT

FLAT FEE TAX SERVICE, INC.

1-800-589-3078

THAT'S WHAT YOU DO



Removing and Stopping an IRS Wage Levy

Taxpayers can try and remove IRS wage levy, on their own, by making payment arrangements with the IRS. In the same way, a taxpayer has an opportunity to prevent an IRS wage levy by engaging into an IRS Installment Agreement. 

 The law (IRS Code) requires the IRS follow strict guidelines before applying a wage levy. Successfully removing an IRS wage levy requires experience and knowledge, due in part to, the complexity of a taxpayer’s situation. As a result, it is important to hire a back tax professional, like the best IRS help team at Flat Fee Tax Service, Inc. to review your case.

What You Should Do About An IRS Levy

You know that the IRS has attempted to contact you regarding your unpaid back taxes. When you get an IRS levy, there aren't any big surprises other than "it finally happened".

FLAT FEE TAX SERVICE, INC. ISN'T 
"THE MORALITY POLICE"

WE ONLY CARE ABOUT PROTECTING YOUR RIGHTS

OK, you didn’t make any arrangements to pay back your income tax debt. The IRS had no choice but to levy your paycheck. Yes, an IRS wage levy causing financial hardship. 

DON'T FEEL SORRY FOR YOURSELF
GET YOURSELF AN EXPERIENCED IRS TAX ATTORNEY
WHO CAN STRAIGHTEN THIS OUT FOR YOU

Look, proving hardship is no easy task and, requires careful planning and documentation. Inexperienced requests are likely to be denied and will take more time to resolve. Time you probably don’t have since, your paycheck is due in a week or two. 

It is highly recommended that you hire experienced IRS help when dealing with IRS wage levy problems. Flat Fee Tax Service, Inc. has the best IRS help team that has the knowledge, the skills and experience to accomplish the job on the first try. 

Flat Fee Tax Service, Inc. has IRS Tax Attorney(s) standing by to assist you with IRS wage levy issues. 

WHAT THE HECK ARE YOU WAITING FOR?

DO YOU WANT YOUR IRS WAGE LEVY

STOPPED AND RELEASED TODAY OR NOT?

THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

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Thursday, August 17, 2017

IRS Payment Plan - IRS Installment Agreement - Flat Fee Tax Service IRS Tax Attorney

IRS Payment Plan And IRS Installment Agreement

There is a lot of information regarding the negotiation for an IRS payment plan. This can make the whole tax settlement / resolution experience scary and confusing for you. 

DID YOU AGREE TO TOO MUCH?
 
Of course, the IRS is ready, willing, and able to work with taxpayers to get you into an Installment Agreement. The IRS is not going to help you figure things out. Taxpayers may unknowingly disqualify themselves from an IRS payment plan or IRS installment agreement but nearly every single time, a taxpayer will agree to pay the IRS more than they should..

The various payment plans the IRS provides, depends on each individual taxpayer’s situation. This is key – your individual financial situation. Not everyone gets the same result because, no two situations are alike. Chances are, applying for an IRS tax program is not on the top of your list of fun things to do. 

FORTUNATELY FOR YOU, IT IS AT THE TOP OF THE LIST AT FLAT FEE TAX SERVICE, INC.


IRS Payment Plans and IRS Tax Debt Relief Companies

When hiring an IRS tax resolution / settlement firm, you should feel that they have your best interests at the heart and, have confidence with their people & process. Sometimes, it seems nothing is happening on your case. Working with the IRS is a lot like "watching paint dry". You must remember, you didn’t get into this situation overnight. So, allow the best IRS help team at Flat Fee Tax Service, Inc. to work in your favor and, you might get a tax resolution that amazes you.

IRS Fresh Start Initiative 2017 (Updated 2017)

The IRS came out with a program, several years ago, called the “Fresh Start Initiative”. You might have read about it or heard about it on television and radio. What is this "Fresh Start Initiative" and how can it help you? 

There are several options with this IRS Fresh Start. Let’s shift our focus over to the various tax payment options you might qualify for.

IRS Streamlined Installment Agreement

IRS Streamlined Installment Agreements apply to taxpayers who owe less than $55,000 in back taxes for all years. Instead of the normal 60 months repayment of tax debt, this program allows you to split up your tax debts into 72 monthly installments. The IRS may allow you to omit any financial information as a part of this installment agreement.

6 Year Tax Payment Plan (IRS Six-Year Rule)

This option is for taxpayers who owe over $55,000 in back taxes. Taxpayers must have enough residual income to afford the monthly installments on this IRS payment plan.

The IRS One-Year Rule (One Year of Lower Payments) 

The One-Year Rule is for taxpayers who need help within a given year of their IRS payment plan. This time allows taxpayers to get their expenses under control by, allowing smaller monthly installments during a 12 month period.

IRS Partial Payment Plan

To qualify for IRS Partial Payment Plans, taxpayers must not have residual income or assets. The IRS allows smaller monthly payments which, sometimes results in the taxpayer paying less back tax debt than they owe.

IRS Payment Plan Considerations

Which IRS Installment Agreement is right for you? How do you know if you qualify? The answer to that question is why you need an experienced IRS Tax Attorney. 

A full review of your previous tax filings is the first step. If you haven’t filed all your tax returns, the IRS will not negotiate. You must be compliant to do anything with the IRS.

If you haven’t filed some years, your first step is to file missing tax returns. Back income taxes can overwhelm the average taxpayer. 

FLAT FEE TAX SERVICE, INC. CAN PREPARE YOUR MISSING TAX RETURNS "IN NO TIME"

After submission of all your back tax returns, there will be a waiting period before negotiating IRS payment plans. The IRS will take 60 to 90 days to process your newly filed tax returns.

Remember, as you file past due tax returns, the IRS will be more than happy to send out letters indicating you owe them money.

NO NEED TO PANIC!

THE IRS TAX ATTORNEYS AT FLAT FEE TAX SERVICE, INC. HAS THE EXPERIENCE TO HANDLE THESE IRS NOTICES.

After your tax returns have been processed, then our team can start on settling with the IRS through the IRS Offer in Compromise program should you be eligible and qualified.

If you are not qualified to settle with the IRS, Flat Fee Tax Service, Inc. will negotiate the very best Installment Agreement possible for you. 

CALL THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

FOR YOUR FREE AND CONFIDENTIAL CONSULTATION

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Wednesday, August 16, 2017

Five Best Steps For An IRS Tax Settlement - Offer in Compromise - IRS Tax Attorney

IRS TAX SETTLEMENT

OFFER IN COMPROMISE

Income tax issues with the IRS are a serious financial problem. This is largely due to penalties and interest accruing over time. 

What was once a small $1500 tax debt, may balloon to $2500 or more. Due to IRS penalties and interest, an IRS income tax debt can double in approximately 4 1/2 years. 

You can be sure, the IRS will not forget the income tax debt that you owe. The Automated Collection Systems (ACS) are built to ensure collection actions are swift and efficient. IRS Collections efforts begin with IRS notices and, eventually will lead to seizure action (tax liens, bank levies, wage garnishments, etc). 

IRS enforcement seizure proceedings are complex and costly to the taxpayer. It is important to resolve your income tax debts before the enforcement process begins.

ONCE IRS ENFORCEMENT ACTION STARTS, BE SURE TO HAVE AN IRS TAX ATTORNEY REPRESENT YOU



LET'S GET STARTED WITH THE STEPS OF 
IRS SETTLEMENT

Step 1: Verify How Much You Owe

Don’t assume the amount reflected on the IRS notice is the what you actually owe. The Internal Revenue Service does make many mistakes. In fact, it is your responsibility to prove to the IRS what you owe. 

Before you do anything, you will need to check your income tax files and compare your numbers against the IRS collection notice. The amounts might be different because of penalties and interest, so don’t look for exact numbers. 

If you can’t make sense of it, call the IRS Tax Help Phone at Flat Fee Tax Service, Inc. The best IRS help team at Flat Fee Tax Service, Inc. can figure this out for you very quickly.

IRS Tax Tip: If you did not file a federal income tax return for the year in question, the IRS may have filed what is called a Substitute for Return. A Substitute for Return is NOT A TAX RETURN.  

A Substitute For Return (SFR), usually calculates a higher income tax than, if you were to file on your own. A Substitute for Return provides the IRS with a debt that the IRS can collect.

A SUBSTITUTE FOR RETURN CAN BE CHALLENGED AND AN ACTUAL FEDERAL TAX RETURN CAN BE FILED. 

Step 2: Recalculate Your Back Tax Return(s)

Taxpayers make errors and/or omissions on their income tax return(s), resulting in a superficial tax debt. You want to know what to look for when recalculating your tax return. IRS Code experience is key here. How is your IRS Code knowledge for that specific year?

If after recalculating your tax return, you determine no taxes are owed, congratulations! You just resolved your back tax problem at little or no cost. In addition, the penalties and interest you may have owed, are no longer applicable. All that’s left for you to do, is mail your tax return and follow up with the IRS in a month or so.

If after recalculating your tax return, you can establish that you owe back taxes, proceed to Step 3.

IRS Tax Tip: Form 1040X (Amended US Individual Tax Return) may not be sent electronically. Only original returns may be filed over the internet.

Step 3: Determine How Much You Can Afford Towards Back Taxes

Now that your income tax debt has been verified (Steps 1 & 2), you must evaluate your finances. You either have the money to pay off your income tax debt or you don't. 

THIS IS WHEN YOU SHOULD BE CONSIDERING AN 
IRS SETTLEMENT

Paying an income tax debt is going to affect your standard of living. How much can you pay a month, if you can’t pay the debt of in full? You need to figure this number out, before contemplating any IRS payment plan or IRS tax settlement. 

Paying off an income tax debt, in whole or parts, should not put you and your family out on the street.

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

It is important to note, if paying off your income tax debt creates a financial hardship, you may very well qualify you for an Offer In Compromise.

Step 4: I HAVE The Money To Payoff My Back Tax Debt (Otherwise Skip to Step 5)

Since you have the money, you can resolve your back tax issues. Pay off the tax debt as soon as possible. You need to stop the penalties & interest from accruing against your back taxes. 

The IRS interest rate for 2017 is 4.25% per year, which does NOT include the bigger penalties imposed by the IRS; “failure to pay penalty” or “failure to file penalty”.

IRS Tax Tip: If your income tax debt is substantial, you should weigh out the cost-benefits of hiring an IRS tax settlement firm. 

The IRS Tax Attorney(s) at Flat Fee Tax Service, Inc. may be able to help you reduce penalties and interest, which could end up saving you thousands of dollars.
Step 5: I DO NOT Have The Money

NOW WE ARE TALKING ABOUT AN IRS SETTLEMENT OR BEING DECLARED CURRENTLY NOT COLLECTIBLE

Proceeding from here will vary from taxpayer to taxpayer.

Tax Debt Owed: is between $1500 ~ $8500 (No Financial Hardships):

DON'T WASTE YOUR MONEY

With these back tax amounts, we don’t recommend engaging with a tax relief company. It doesn't make financial sense to hire an IRS tax resolution company. 

The cost benefit to you just isn’t there. We would recommend having a tax professional take a look at your tax returns; if you have not done so already (as indicated in Step 2). Having a professional tax consultant review a return should not cost more than, $100 to $500.
Once the back income tax amount is verified, you can use Form 9465 Installment Agreement Request to initiate process. Remember, only go for this option if, you don’t have a substantial financial hardship. (i.e low-income, death, disability, etc).
Tax Debt Owed: is $8500+ (No Financial Hardships):

If you owe at least $8500 or more to the IRS, you might want to have an IRS tax professional look things over. Specifically, you want to engage with a tax settlement firm that specializes in back tax resolutions. 

The reason for this recommendation is simple, it may save you a lot of money. The larger the debt, the higher our recommendation. 

Two ways they can save you money:
An IRS tax settlement firm knows how to negotiate an installment agreement that works for you. You want a monthly payment that is affordable. If the IRS pushes back on a monthly payment that you feel is affordable, your settlement firm should be able to push back.  
Knowledge of the IRS Code and experience comes into play with all IRS negotiations.
It is not guaranteed but, a tax settlement firm might be able to remove penalties and interest from your back tax bill. Depending on how much you owe, saving money on penalties and interest could, greatly outweigh the costs of professional back tax help. Not to mention, they do all the work for you.

I DO NOT Have the Money (Do-It-Yourself):

Obtaining an IRS tax settlement, can be accomplished on your own. When it comes to taxes, the IRS likes individuals to handle things themselves. Why, you may ask? 

 YOU DON'T KNOW THE IRS CODE AND YOU DON'T HAVE ANY IDEA WHAT YOUR RIGHTS AND OPTIONS ARE.

Again, if the amount you owe is substantial, it is highly recommend ed you have an IRS Tax Attorney handle your IRS negotiations. 

IRS financial hardship cases are complex and require a lot of experience to get it done right. If after considering these points, you decide to settle your taxes on your own, you need to familiarize yourself with all the Fresh Start options. 

We further recommend you contemplate why those options exists and determine where you fit in. We recommend reading the IRS Code before you started. 

CALL THE BEST IRS TEAM AT FLAT FEE TAX SERVICE, INC. FOR YOUR FREE AND CONFIDENTIAL CONSULTATION

FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3089

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Monday, August 14, 2017

IRS Wage Garnishment Help – IRS Wage Levy - Flat Fee Tax Service IRS Tax Attorney

IRS WAGE GARNISHMENTS & IRS WAGE LEVY

AND 

IRS TAX SETTLEMENTS


IRS Wage Garnishment | IRS Wage Levy

A wage garnishment is a seizure by the IRS that forces tax payments towards your overdue tax debt. The IRS will order an employer to collect part of their employees’s paycheck and, remit it directly to the IRS. Employers, if they are smart, usually comply with wage garnishment orders since, the IRS holds them responsible for payments if they do not. 


An IRS Wage levy will remain in effect until, full payment of unpaid back income taxes is made. IRS Wage garnishments cause taxpayers unnecessary hardship and embarrassment since, the IRS notifies payroll employees about unpaid income tax debts.



Removing and Stopping an IRS Wage Garnishment

Taxpayers can try to remove an IRS wage garnishment on their own by entering into an IRS installment agreement. In addition, the law requires the IRS follow strict guidelines before applying an IRS wage garnishment. 

YES, YOU CAN TRY AND REMOVE THE IRS WAGE GARNISHMENT ON YOUR OWN, BUT IT ISN'T ADVISABLE. DO YOU KNOW THE IRS CODE? ARE YOU AGREEING TO AN IRS INSTALLMENT AGREEMENT THAT YOU CANNOT POSSIBLY KEEP? DO YOU KNOW IF YOU QUALIFY TO SETTLE YOUR INCOME TAX DEBT?

Successfully removing an IRS wage garnishment requires experience and knowledge, due in part to, the uniqueness of a taxpayer’s situation. As a result, it is important to hire a back tax professional to review your case.

THE IRS TAX ATTORNEY AT FLAT FEE TAX SERVICE, INC. WILL STOP, RELEASE AND LIFT AN IRS WAGE GARNISHMENT IN ONE DAY.

What You Should Do About an IRS Wage Garnishment

First of all, you should understand the IRS has attempted to contact you regarding your unpaid back income taxes. Since, you didn’t either make any arrangements to pay your income tax debt or you couldn't keep your IRS installment agreement, the IRS had no choice but to garnish and seize your paycheck. 

An IRS Wage garnishment will cause financial hardship. Proving financial hardship is no easy task and, requires careful planning and documentation. Inexperienced requests are likely to be denied and will take more time to resolve. Time you probably don’t have since, your paycheck is smaller. 

It is highly recommended that you hire experienced professional help when dealing with an IRS wage garnishment problem. 

The best IRS help team at Flat Fee Tax Service, Inc. have the skills and experience to accomplish the job on the first try. We have IRS Tax Attorneys standing by to assist you with the release of your IRS wage garnishment issues. 

DO YOU WANT AN IRS WAGE GARNISHMENT

STOPPED AND RELEASED 

IN ONE DAY?

CALL THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

FOR YOUR FREE AND CONFIDENTIAL 

CONSULTATION

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Thursday, August 10, 2017

Stop an IRS Levy - Take Action to Lift your Tax Levy - IRS Tax Attorney

What is an IRS Income Tax Levy?

An income tax levy is instituted when the IRS is trying to satisfy a tax related debt. The IRS has the authority to seize your wages and/or property in order to satisfy an income tax debt. The IRS is required to follow a set number of steps before they can issue a levy. This includes multiple notices. 


The three steps are:
1. A Notice and Demand for Payment following an assessment of your taxes by the IRS
2. You have openly refused, or neglected to pay taxes
3. The IRS has issued you a Final Notice of Intent to Levy in addition to your Notice of Your Right to a Hearing. This must be done at least 30 days before a levy is issued, but it can be performed in a variety of ways. Notices may be delivered to a work place, home, last known address, or in person.

What is the goal of the IRS?

That is a simple one to answer. The IRS is only interested in one thing, the collection of taxes. IT doesn't matter if they are trying to collect the right amount or not. That is the taxpayer's problem. 

As a government entity, the IRS, isn’t entirely impartial though. The IRS is willing to work with United States citizens, but they will not be the ones to take the initiative. In order to stop, release and lift your levy, a taxpayer must be pro-active. There are several ways to do this, but time is severely limited. The earlier you act the more options you have.

FLAT FEE TAX SERVICE, INC. WILL HAVE AN IRS WAGE LEVY STOPPED AND RELEASED IN ONE DAY




How to Stop, Release and Lift a Tax Levy

a. Pay your owed taxes in full: When you don’t pay your taxes the IRS may charge interest and associated penalties. If you have a way to pay this amount back in full you can avoid a levy. This may mean selling assets, taking a loan out, refinancing your home, or borrowing the money, but if your methods seem reasonable an IRS collector may even stop collections in order to allow you the time to acquire the money.

b. Enter into an IRS Installment Agreement: As long as your owed amount is under $25,000 the IRS will work with you to create an installment agreement. The reason why the IRS will easily work with you on an income tax debt under $25,000 is that the IRS isn't required to find out if you can afford the Installment Agreement.

c. Prove financial hardship: As we said before, the only goal of the IRS is to collect income taxes. If an undue financial hardship would keep that collection from occurring, the IRS may release a levy. This typically must be an extreme situation as “hardship” is not clearly defined. Trouble feeding yourself or family, or affording lodgings, and similar hardships may qualify. An experienced tax professional will be able to navigate this for you.

d. Offers in Compromise: An Offer in Compromise is the program that allows the IRS to settle your income tax debt. An Offer in Compromise will halt collections until a decision is made by the IRS on your settlement offer. An accepted offer will require payment of the stated amount and release the levy. A rejected offer will resume the collections process. It is better to an an experienced IRS Tax Attorney handle your Offer in Compromise.


e. Create a Partial Payment Agreement: Partial payments are similar to installments, but allow you to make smaller payments. This may also reduce the total amount that is owed as well. You must prove that a standard Installment Agreement is an impossibility, and that this is the best opportunity for the IRS to collect taxes owed.

Seek the Services of An Experienced 
IRS Tax Attorney

The options we listed above are simply the most commonly pursued. Other options include proving your assets have no equity, waiting for the 10 year statute of limitations to expire, appealing the levy, or filing for bankruptcy. Depending on your financial situation and the amount owed, some options are better than others. 

The best IRS help team at Flat Fee Tax Service, Inc. will help you determine which option the IRS is most likely to accept, and our IRS Tax Attorney will actually represent you before the IRS. 

When deadlines are so crucial (and they are with the IRS) it’s also important for documents to be filled out correctly and returned on time. 

Do you know the IRS Code? Do you know all of the different rules the IRS has regarding the amount of income tax owed? Do you know how to protect yourself from IRS enforcement?

STOP AN IRS LEVY

GET IRS PROTECTION

CALL THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

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Wednesday, August 9, 2017

IRS Tax Bills, Federal Tax Liens and IRS Levies Can All Bring You Grief - IRS Tax Attorney Help

Opening a notice from the IRS can be worrisome and cause major anxiety. Very seldom is a Notice from the IRS good news. Even if it isn't regarding an IRS audit, it may be some kind of correction to your return, a query about it, a request for payment, a request for a return, or worse. An IRS Notice may be a Notice of Federal Tax Lien, or even a Notice of Levy.

For many, a notice of enforcement may seem especially worrisome, because it brings so many uncertainties. IRS audits are statistically rare. Even the IRS admits that audits are rare. But that fact is hardly a comfort if you happen to be the one audited. Any IRS action can be fraught with uncertainty, fear, and even grief.



For some, the negative emotions an IRS notice are strong and can be debilitating. This is understandable given the high stakes involved, including (in a tiny percentage of cases) the possibility of jail time. 

IRS TAX ATTORNEYS AT FLAT FEE TAX SERVICE, INC. WILL PROTECT YOU AND PROVIDE YOU WITH YOUR BEST IRS STRATEGY

Your emotions will involve whether to fight an income tax bill or give in, whether to wait out a bad tax problem until the IRS finds it or to pro-actively try to address it, etc.

The five stages of grief are denial, anger, bargaining, depression and acceptance. Swiss-American Psychiatrist Elisabeth K├╝bler-Ross wrote about it in her 1969 book, "On Death and Dying". Dr. Kubler-Ross probably didn’t have IRS tax problems in mind when she came up with the five stages. Yet consider this progression for an IRS problem:

1. Denial. My tax problem really isn’t a problem. The IRS will never find me. I pay lots of taxes. No one told me about this, so it isn’t my fault. I don’t get Forms 1099 or other incendiary items anyway, so who’ll know? Certainly not the IRS!

2. Anger. Someone (my bank, my employees, my relatives, my enemies) must have told the IRS about me. How dare the IRS put me in this position? I’ll flee the country. I’ll sue my accountant. It’s my ex’s fault (he/she was the one who caused this problem anyway, not me). The IRS is crooked and illegitimate anyway, and they’ll waste the money I pay them. The government can’t do this to me. IRS penalties are unfair and onerous.

3. Bargaining. OK, I think I need to pay something to the IRS. I can make a deal, or just tell the IRS about part of the problems. That will look good, like I'm really honest. Besides, there's no way for the IRS to check my story. 

GOOD LUCK WITH THIS IDEA

"You can even get a friend/spouse/relative/CPA/next door neighbor to put in a good word and corroborate my story. It really wasn't mine, it really isn't income, who's to say that I got $10,000 anyhow. I'll say I got $1,000. Next time I'll do it right. It’s crazy to amend anything for the past".

4. Depression. I give up. This is the worst thing that’s ever happened to me. I sent off the papers but maybe I should have just gone AWOL with a backpack. I could have lived off the grid in Jakarta. I'm a sap to be in this spot, writing checks to the IRS. I feel sick.

5. Acceptance. This IRS deal isn’t free, but it’s not bad either. At least this way I can sleep at night. Now I can spend my money without going through all sorts of crazy gyrations.

Not all of these emotions appear in every case, of course. In fact, some people don't go through any of these stages. Yet this progression can happen and isn’t as crazy as you may think. In fact, this parallel track can also play out:
a. I don’t mind paying any amount the IRS says that I owe, as long as I don’t go to jail!
b. I don’t mind paying past due income taxes, but I shouldn’t have to pay big penalties!
c. I already pay more than my fair share of income taxes, and besides, they’ll never audit me.
d. OK, I’ll write the checks for taxes and penalties if I have to.
Now that it’s done, I should have just ignored it and they never would have caught me. Besides, I was never worried about going to jail.

YOU COULD HIRE THE BEST IRS HELP TEAM AT

FLAT FEE TAX SERVICE, INC.

AND RESOLVE ALL OF YOUR IRS PROBLEMS

CALL THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

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Monday, August 7, 2017

Owe The IRS Income Taxes? The IRS May Grant You Currently Not Collectible Status

CURRENTLY NOT COLLECTIBLE

Sometimes financially struggling taxpayers and those taxpayers receiving Social Security, Social Security Disability (SSDI) and Veterans Pensions  find themselves owing past due federal income taxes they cannot afford to pay. Although notices from the IRS can be especially frightening, there are solutions.

YOU HAVE OPTIONS



If your income tax owed is less than $50,000, the IRS will accept monthly payments over five years. For example, if $6,000 is owed to the IRS, monthly payments of around $100 can be made. 

IF YOU CANNOT PAY

YOUR INCOME TAX DEBT?

There are laws in place that provide that taxpayers who are unable to pay their income tax debt can be placed on Currently Not Collectible (CNC) status with the IRS and not have to pay their past-due income taxes. 

THE IRS CAN IMPOSE A 15% LEVY AND SEIZE YOUR SOCIAL SECURITY, SOCIAL SECURITY DISABILITY (SSDI) AND/OR VETERANS PENSION

Seniors with especially low incomes can obtain Current not Collectible (CNC) status. You should have an experienced IRS Tax Attorney represent you.

The IRS can provide you with Currently not Collectible statuse and just as easily disallow it.

However, you may be asked to complete a financial form that shows you do not have any surplus income after paying necessary monthly living expenses.

Through the Federal Levy Payment Program (FPLP), the IRS can garnish 15 percent of a senior’s Social Security for past-due income taxes.

Applying for Currently not Collectible Status

Here are some guidelines and requirements for applying for CNC status:
1. The financial information supplied must prove to the IRS that the individual does not have any surplus income after paying their necessary monthly living expenses and that they have no significant additional assets.
2. Individuals may need to submit their bank statements along with this IRS financial statement and any other relevant financial documentation for review.

IF YOU OWE MORE THAN $10,000 AND ARE ELIGIBLE AND QUALIFIED TO BE CURRENTLY NOT COLLECTIBLE, WHY AREN'T YOU DOING AN OFFER IN COMPROMISE SETTLEMENT?

ISN'T BETTER TO SETTLE YOUR DEBT AND BE COMPLETELY FINISHED WITH THE IRS?

Once taxpayers are placed in Currently not Collectible ( CNC) status, they will maintain this status for at least a year. In the case of retirees, the status will likely be indefinite since retirement income and Social Security are constant and most retirees will not be working in the future. 

THE IRS CAN RESCIND CURRENTLY NOT COLLECTIBLE STATUS AT ANY TIME

WHY GET INTO A CRAP SHOOT?

DO AN OFFER IN COMPROMISE AND GET RID OF YOUR IRS TAX DEBT FOR GOOD

If an individual’s account keeps their Currently not Collectible (CNC) status until after the statute of limitations on the debt runs out, usually around ten years, the IRS will be permanently prevented from collecting the debt.

AN OFFER IN COMPROMISE IS PERMANENT

CURRENTLY NOT COLLECTIBLE IS NOT

What About State Income Taxes?
Not all states have procedures in place to put persons on uncollectible status for past-due state taxes owed. Federal law protects Social Security, pension, Social Security Disability (SSDI) and VA benefits from garnishment by states for taxes owed. Unfortunately, not all state taxing agencies will tell seniors that their income is protected from garnishment; instead, they continue collection efforts.

If a senior’s bank account is garnished by a state tax collector, twice the amount of monthly Social Security deposited into the bank account is automatically protected from garnishment, no matter the source of funds in the account at that time. Federal banking regulations require a bank to determine an account into which Social Security is deposited and disregard any garnishment, including for past-due state taxes owed. If there are excess funds from exempt sources in the account, a claim of exemption would need to be filed with the state before the money could be released.

GET PROFESSIONAL IRS HELP

CALL THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

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Monday, July 31, 2017

IRS Tax Solutions - Flat Fee Tax Service IRS Tax Attorney

IRS TAX SOLUTIONS

If you owe $10,000 in more in back taxes, you may qualify for IRS programs that the best IRS help team at Flat Fee Tax Service, Inc. can help eliminate or dramatically reduce your back income tax debt. 

You may be able to settle your IRS Tax Debts for less than you owe.



WHAT ARE IRS INCOME TAX PROBLEMS?

IRS income tax problems are past taxes that are unpaid to the IRS that are increasing with penalties and interest.

If they go unpaid long enough the IRS can have these very harsh collection, enforcement consequences:
1. IRS Wage Levy / Wage Garnishment
2. IRS Bank Levy
3. Federal Tax Liens on your property

It is in your best interest to deal with IRS tax problems immediately; the longer you wait, the worse the problems become. 

The IRS can be quite aggressive and can very easily as well as legally take the funds out of your wages / paycheck and bank account. It is important to have a team of experts working for you.

FLAT FEE TAX SERVICE, INC. CAN STOP AN 

IRS WAGE LEVY

IN ONE DAY

People are often surprised that they are eligible an qualified for an IRS tax settlement program. Our team of tax relief professionals offer a free and confidential consultation. We evaluate each client current situation to see if you would qualify for an IRS settlement through the Offer in Compromise program. We provide you with all of your options.

Your consultation call to Flat Fee Tax Service, Inc. is 100% free and you will be immediately connected with our professional tax specialists.

WHAT IS AN IRS WAGE GARNISHMENT?

When you don’t pay your income tax debt or fail to file tax returns, it is inevitable that you will attract the attention of the IRS. Often the IRS will garnish your wages to recoup its debt because it is a very simple procedure to do so. Plus, seizure of your wages / paycheck will get your immediate attention.

Your employer will be forced to pay a potentially significant percentage of your check to the IRS. There is no guarantee that you will be left with enough money to pay your bills or buy food.

The longer you wait to handle this problem, you increase the amount of penalties and money you owe?

American tax law (the IRS Tax Code) allows the IRS to force third parties who have control of your assets to give those assets to the government. This can include any bank accounts, stock brokers, and other companies that have assets.

SOCIAL SECURITY SEIZURE

The IRS can seize 15% of your Social Security, Social Security Disability (SSDI) and or Veterans Pension through the Federal Payment Levy Program (FPLP).

IRS SEIZURE OF STOCK PORTFOLIOS

To recover income tax you owe, the IRS may send a notice of third party levy to your stock broker. Your stock broker must then forbid you from selling or trading your stocks for 21 days. At the end of the 21-day freeze, the broker must sell your stock and send the profits to the IRS.

IRS BANK ACCOUNT LEVY / SEIZURE

The same can be done to your bank accounts. It is relatively easy for the IRS to locate all of your bank accounts using your Social Security number. Once they locate your accounts, the same 21-day freeze followed by payment of the funds to the IRS follows.. 

Furthermore, the IRS can even claim funds from accounts you are a cosigner on. so beware of other accounts you may be on (kids, family members, etc.)

YOU HAVE 21 DAYS TO GET YOUR MONEY BACK

If you have unfiled tax returns or back tax liabilities to pay, you may consider several ways to deal with your IRS tax problems.

YOU REALLY SHOULD USE AN IRS TAX ATTORNEY

BECAUSE YOU DON'T KNOW ALL OF YOUR OPTIONS

AND YOU NEED TO BE PROTECTED

IRS FEDERAL TAX LIENS

If you fail to pay your income taxes, the IRS can use federal tax liens to get you to pay your tax debt. This basically puts a hold on your property and assets so that you can not sell them. Federal tax liens are recorded by the IRS with the county you live in. The recorded federal tax lien lets the public know that you owe an income tax debt and so you may not be able to sell your property.

Generally IRS tax liens generally stay on file until you have paid the IRS the money you owe them. However, the best IRS help team at Flat Fee Tax Service, Inc. knows of ways that can help eliminate IRS liens.

Obviously, the quickest way to get the IRS to remove the lien is to pay what you owe. Often though our clients can not afford to pay the whole amount. 

Our team of IRS Tax Attorneys can help you reach an IRS settlement that reduces the amount you to eliminate these pesky federal tax liens.

Our professional team of tax attorneys review your current situation of the amount of taxes owed and other factors. Then a custom plan is formed for each client on the best settlement strategy to reduce the amount of taxes you actually pay the IRS.

IRS SETTLEMENT / IRS OFFER IN COMPROMISE

Each year the IRS writes off millions of delinquent income taxes that are owed by individuals or businesses. There is an IRS program referred to as the “ Fresh Start Program” or Offer in Compromise.

The program is designed for people that are experiencing an economic hardship and are not able to pay off the amount of taxes that are owed. Working with our team of tax specialists they will present your situation to the IRS.

YOU HAVE OPTIONS

CALL THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

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NO CLIENT COMPLAINTS - EVER







Friday, July 28, 2017

How Your IRS Allowable Expenses Can Sink an IRS Offer in Compromise - Flat Fee Tax Service IRS Tax Attorney

FLAT FEE TAX SERVICE, INC.

IRS TAX ATTORNEY TELLS 

OFFER IN COMPROMISE SECRETS

Do you want to the get the IRS off your back? Do you want to settle with the IRS? Are thinking about and considering an Offer in Compromise?

THE IRS HAS WHAT THEY CALL

"ALLOWABLE EXPENSES"

After all, at the end of each month, after you pay your bills, you have little money left to pay the IRS for your delinquent income tax.

IRS Settlement should seem logical, right?

HOLD ON! NOT SO FAST!

ESPECIALLY IF YOU DO NOT HAVE AN

IRS TAX ATTORNEY



The IRS may not give you full credit for all of your living expenses, and calculate that you can pay them more than you actually can. This is because the IRS limits living expenses as part of their offer in compromise analysis.

The IRS will put you on their budget, and will disregard yours.

If your living expense are greater than the IRS’s budget, you will have expenses ignored by the IRS in calculating your ability to pay them back. This has the effect of increasing your cash flow. Fewer living expenses and more cash flow result in the IRS calculating an ability to pay which is greater than your reality. This, in turn, raises the value of an offer in compromise.

The IRS living expense guidelines are known as Collection Financial Standards.

FLAT FEE TAX SERVICE, INC. CLIENTS

HAVE A 95% OFFER IN COMPROMISE

SUCCESS RATE

Let’s do an example, highlighting three areas where IRS will use their collection financial standards to chop up your budget, attack your living expenses, and increase your settlement:
1. Credit card payments. The IRS will not allow you the expense of monthly payments on credit cards in calculating your ability to repay them. This means if you have $500/month in credit card payments, you actually have $500/month to pay the IRS. The IRS will disregard this expense, calculate it going to them, and use it to increase the value of your compromise.
2. Your Car payment. The IRS collection financial standards currently allow a car payment of up to $485/month. If your car payment is less than that, then the IRS will give you full credit for it in your budget. But if your payment is, say, $585/month, the IRS will give your credit for $485 and not give you credit for the $100 difference, thus increasing your settlement.
3. Housing and utility payments. Let’s say, as an example, you live in Dallas County, Texas, you own your house, have a family of four, and your mortgage payment is $2,500/month. Your gas, electric, water, and trash totals another $500/month, bringing your total mortgage and utility expense to $3,000. IRS collection financial standards allow $2,016 in total housing and utility payments for you and your family. That means the difference – $984/month – will be disallowed by the IRS, and added back to increase your cash flow and the amount of settlement.

On these three items alone – your credit cards ($500/month), car payment ($100/month excess) and housing/utilities ($984/month excess) – the IRS will flip your budget by $1,584/month. In other words, if you are offering them a cash flow position of zero, they will counter-offer at $1,584/month.

YOU DO NOT WANT TO DO AN

OFFER IN COMPROMISE

ON YOUR OWN

Let’s look at how the IRS will factor your living expenses and cash flow into their offer in compromise valuation:

If you are able to pay the IRS the settlement amount within five months after acceptance, the IRS will take your cash flow and multiply it by a factor of 12. Your financial reality has you ending each month at a zero budget, with no money left over. Based on that, it would not be out of the question for you to offer the IRS as little as $100 in the compromise. You have no cash flow to apply to the 12 multiplier, equaling a very low offer on this basis.

However, the IRS is going to put your living expenses on the cutting board, apply their collection financial standard test, and come out with $1,584/month. This will increase the value of your settlement from your cash flow to $19,008 ($1,584 by the 12 month multiplier). But you don’t have $19,008 laying around, and can’t afford to pay the IRS the settlement as their numbers are different from your reality. The IRS collection financial standards are rearing their ugly head on your settlement hopes, and appear to be dooming it.

As you don’t have $19,008 right now, the IRS will give you another option: more time to pay to the settlement, up to 24 months. The IRS will also penalize you for taking more time and change the way they calculate the settlement. Rather than multiply your cash flow by 12, they will use a multiplier of 24. This now results in an offer in compromise of $38,016 ($1,584 x 24).

The IRS will allow you to pay the $38,016 at $1,584/month over 24 months. And this brings about another glitch: You do not have $1,584/month to pay the IRS over the next 24 months because you are spending that on the living expenses cut out of your budget by the IRS collection financial standards.

Clearly, when you attempt to settle with the IRS, it is important to understand that it is their reality that counts, not yours. This may seem illogical, unfair, or even oppressive. 

The important point is to understand that the IRS has guidelines – a budget – which they will impose on you to limit your living expenses, increase cash flow, and possibly overwhelm you with the settlement terms.

The IRS is looking to eliminate excessive lifestyles (as they define it), and living expenses that they believe should be paid after them (like credit cards) in computing the value of your Offer in Compromise.

THE IRS OFFER IN COMPROMISE PROGRAM IS REAL

NATIONWIDE THE IRS APPROVAL IS 42%

FLAT FEE TAX SERVICE, INC. HAS A

95% CLIENT OFFER IN COMPROMISE

APPROVAL RATE

You must be "eligible and qualified" for a successful Offer in Compromise. You simply have to fit within the IRS settlement guidelines. The takeaway is to know how the IRS works ahead of time, sparing yourself time spent in a compromise that will not work, or will be in amount more than you expect.

CALL THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

BBB ACCREDITED - A PLUS RATING

NO CLIENT COMPLAINTS - EVER






Thursday, July 27, 2017

Statutes of limitations and the IRS - Flat Fee Tax Service IRS Tax Attorney

IRS STATUTE OF LIMITATIONS

Have you heard the expression: "the statute of limitations has expired"?

We all think we know the definition, but how does it apply to IRS regulations? First of all, the term "Statute of Limitations"means there is a time limit where some sort of IRS enforcement action can be brought against a taxpayer who owes an income tax debt.

In the case of a tax return being filed, generally there is a three-year statute of limitations wherein the IRS can audit your return. This time begins with the date the return was filed.



If your income tax return was on extension, the statute of limitation would begin on the appropriate date when received by the IRS.

Under the same set of IRS regulations, unless your income tax is assessed within the three-year time frame, collections cannot be instituted by the IRS.

What happens if you never filed an income tax return even though it was due?

The IRS would prepare what is known as a Substitute for Return (SFR) and there is no statute to consider as this is not a taxpayer-filed return.

A SUBSTITUTE FOR RETURN WILL GIVE YOU NO DEDUCTIONS AND PILE ON PENALTIES FOR NON-FILING AND ADD INTEREST. 

THE IRS TAX ATTORNEYS AT FLAT FEE TAX SERVICE, INC. CAN CHALLENGE THE SUBSTITUTE FOR RETURN AND THEN FILE A REAL INCOME TAX RETURN. 

DOING SO WILL REMOVE THE PENALTIES FOR NON-FILING AND REDUCE YOUR INCOME TAX DEBT. 

A Substitute for Return will allow an IRS assessment to be made and collection activities will begin against this balance that will allow the IRS 10 years to collect the amount due.

Everyone makes mistakes and the IRS is no exception. The amount charged should be checked for accuracy before acceptance of the liability.

IF YOU HAVE FAILED TO FILE YOUR INCOME TAX RETURNS, GET YOURSELF AN IRS TAX ATTORNEY. BE PROTECTED.

Obviously the IRS wants to collect these funds and will exhaust all possible means to secure the money before the tax deadline. They may use all legal means to enforce collection, including IRS levy / garnishment of wages and levying financial accounts and other assets such as bank accounts.

In the event the taxpayer then files a return for that year, the IRS will process it as an original return, restore the correct tax and reset the statute from that day forward.

As can be expected, penalties and interest will begin to be assessed beginning with the original date the return should have been filed.

IRS penalties can consist of late filing, late paying of the tax, nonpayment of estimated tax and perhaps an accuracy-related or negligence penalty.

TWO WAYS TO LOWER YOUR TAX DEBT

1. CHALLENGE THE SUBSTITUTE FOR RETURN

2. DO AN OFFER IN COMPROMISE AND SETTLE

In addition, this will allow the three-year audit window to be extended to verify deductions in the event it was to be questioned.

In the event of a substantial omission of more than 25 percent of gross income on the return, the statute is extended to six years.

The IRS penalties that result from this type of omission include the others named above, but may include a fraud penalty instead of the negligence penalty, which can be as high as 70 percent of the tax.

On the other side of the coin, a taxpayer has the right to file a claim for refund within the same three-year period beginning with the filing date.

The regulations also state that the taxpayer has the right to file a claim within seven years if the tax refund would be a result of either a bad debt or a loss suffered from a worthless security.

The 10-year collection statute can be extended based on filing an offer in compromise or by filing for bankruptcy.

The statute is put on hold and is not running for an additional six months following the discharge or dismissal of the bankruptcy.

The filing of an appeal against the IRS or the offer in compromise also stops the running of the time period until those issues are resolved and prevents the IRS from pursuing any collection activity, even though the tax is still pending.

The interest, however, will continue to run and be added to the corrected tax amount upon settlement of these two plans.

The IRS will not notify you once the debt has expired.

Dealing with the IRS is extremely complicated. Have an IRS Tax Attorney represent you. Get protection. Sure there will be a fee to have representation but you will end up saving yourself money and anxiety.

THE FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

BBB ACCREDITED - A PLUS RATING

NO CLIENT COMPLAINTS - EVER