IRS FRESH START PROGRAM
When the assets and income of a taxpayer are not enough to pay off a tax debt in full, the IRS has the authority to settle for less than the full amount owed. This is called an Offer in Compromise, or what is commonly called the IRS FRESH START PROGRAM. Most Offers in Compromise’s are rejected because they are reviewed for proper format, yet are not processed due to being formatted wrong. Offers that make it past this point at the IRS must choose the proper type of Offer.
The most common type of Offer in Compromise is the Doubt as to Collectability. Because of your income and assets, a real Doubt exists that you could ever pay the tax debt in full. Doubt as to Liability is the second type of Offer. It is only used for incorrect assessments of tax. If the tax assessment can be proven to be wrong, this might be a solution to the tax debt. The third type of Offer is Effective Tax Administration. This type of Offer has been around the shortest period of time. This is used for cases of economic hardship.
Whenever a taxpayer looks at an Offer in Compromise as a solution to a tax debt, the first question should be, Is another solution available? Because of TV Commercials, many past TV commercials were done by companies put out of business by Regulatory Agencies; too many taxpayers get “tunnel vision” thinking that an Offer is the only way to go. We had a client in Georgia who believed, based on a conversation with another company that a Offer in Compromise was the way to go. Turns out, he didn’t qualify for an Offer. Yet, by re-filing his returns, we were able to save him nearly $38,000 on a tax debt of $78,000!!!
After looking over a taxpayer’s situation, the first thing we do is to file a 2848 Power of Attorney. This allows us to obtain copies of all IRS Notices the IRS sends to our client. Since Federal Tax Resolution works with clients in all 50 States, we have obtained a knowledge of nationwide practices, which allows us to monitor the Offer process for any errors. Many differences of opinion of the valuation of assets in Offer negotiations happen. We use precedent to our advantage, which serves our clients well. This way your tax work proceeds forward with no hitches. Call Today for a Free Tax Consultation 1-888-689-7861
IRS FRESH START PROGRAM
We serve all throughout the United States and have specialized services in the following areas:
- Portland
- Los Angeles
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- San Diego
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- New York
- Phoenix
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- New York
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- Pittsburgh
- Cleveland
- San Antonio
- Baltimore
- Newport News
- Des Moines
- Sacramento
- Missoula
- Charlotte
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- Seattle
- Columbus
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- Wisconsin
- Fresno
- Minneapolis
- Milwaukee-Wisconsin
- San Jose
- Houston
- Birmingham
- Kansas City
- Boise
- Wichita
- Cincinnati
- Dallas
- Charlotte
- Biloxi
- New Orleans
- Fort Worth
- Nashville
IRS FRESH START PROGRAM EXPERIENCED TAX PROFESSIONALS. FED TAX RESOLUTION HAS OVER 125 YEARS OF COMBINED TAX EXPERIENCE TO BRING TO BEAR ON YOUR TAX ISSUES.
WE ARE THE OLDEST TAX RESOLUTION SERVICES FIRM IN THE STATE OF OREGON AND THE FOURTH OLDEST IN THE UNITED STATES. USE OUR EXPERIENCE TO SOLVE YOUR TAX PROBLEM !
WE CAN REPRESENT A TAXPAYER IN ANY TAX COURT IN THE UNITED STATES, SOMETHING MANY BUSINESSES THAT DO BUSINESS OUTSIDE THE STATE THEY PHYSICALLY RESIDE IN, MAY NEED.
WE HAVE THE ABILITY TO REPRESENT TAXPAYERS ANYWHERE IN THE WORLD.
WE HAVE CONTACTS WITH IRS OFFICIALS IN THE UPPER ECHELON OF DECISION MAKING AT THE IRS, WHICH HAS MEANT THE DIFFERENCE IN NUMEROUS CASE FOR OUR CLIENTS.
WE HAVE A HIGHER GRADE OF TAX PROFESSIONAL THAN NINETY PERCENT OF THE TAX RESOLUTION COMPANIES IN THE UNITED STATES.
WE HAVE SUCCESSFULLY SUBMITTED A OFFER IN COMPROMISE FOR $3009.88 ON A TAX DEBT OF $2,500,000 BACK IN 1988.
WE SUCCESSFULLY SUBMITTED A OFFER IN COMPROMISE FOR A MAN WHO OWED $9,000,000 CIVIL PENALTY ON PAYROLL TAXES AND PAID THE IRS $0 ZERO. THAT WAS IN 2011.
OUR TAX RELIEF SAVINGS FOR OUR CLIENTS RUN INTO THE MILLIONS OF DOLLARS OVER 34 YEARS.
IF YOU TRULY WANT TAX RELIEF, YOU NEED AN OUTSTANDING TAX PROFESSIONAL THAT HAS EXPERIENCE IN THIS AREA OF THE TAX CODE. WE ARE THE FOURTH OLDEST TAX RESOLUTION SERVICES COMPANY IN AMERICA. CALL TODAY FOR A FREE CONSULTATION 1-888-689-7861
HOW TO TAKE ADVANTAGE OF THE IRS FRESH START PROGRAM
If you need to position yourself for a better result, be glad you are reading this. 98 percent of the companies that advertise on the internet or on TV, will try to get you into “Uncollectible Status” as its the least amount of work for them. We understand that taking our time with clients produces a better result. Case example :
We had a client that presented his financials to us and he did not qualify for a Offer in Compromise, but after looking the Financial over, we realized he did not have health insurance, an allowable expense. We discussed this with him, as he could afford it and it would cut down on the amount he would have to pay the IRS in a Offer in Compromise. He said “I think your reading my mind as I was worried that if I did this and got sick I might not be able to follow through. Now I can get health insurance and pursue the Offer in Compromise”, which we completed to a successful conclusion for him. It took longer than a normal case, as we had to wait for him to obtain six months of health insurance receipts, but we waited as we knew it would be the difference for him, which it was. That is what we call Superior Tax Resolution.
IN THE ABOVE EXAMPLE 95% OF THE TAX RESOLUTION FIRMS IN AMERICA WOULD TAKE THE EASY WAY OUT AND PUT THE CLIENT ON UNCOLLECTIBLE STATUS, WHICH IS A BAND AID, PART TIME SOLUTION TO THE PROBLEM, AS THE IRS WILL REVIEW THE TAXPAYERS FINANCIAL DOWN THE LINE, AND EVENTUALLY THEY WILL HAVE TO START ALL OVER. WHICH MEANS THAT YOUR IRS FRESH START PROGRAM GOES DOWN THE DRAIN.
WHEN WE PURSUE A TAX RESOLUTION CASE, WE WILL APPEAL IF NEEDED, AT NO ADDITIONAL FEE TO OUR CLIENT. WHY ? BECAUSE IF WE START A IRS FRESH START PROGRAM WE KNOW THEY QUALIFY FOR IT TO BEGIN WITH.
Submission of a Tax Proposal to the Internal Revenue Service will not guarantee acceptance by the IRS. This is only the first step in a process that usually takes 7 to 12 months, maybe longer due to Covid. We had a client in the mid-west who had a partnership, insurance sales. He didn’t want us to notify his partner of the tax debt, which came about because he had a son with a severe disability and had to retrofit his house for wheel chair access, and to hire a full time nurse while he worked.
His wife had left him because she couldn’t handle caring for the child. He was making really good money at the time, over $138,00, this was about six years ago. but due to the increased expenses, he had a tax debt, as he made the decision that he had to care for his child and that came prior to paying his taxes. How could anyone argue the point ? Well we stayed focused on solving his problem. When he contacted us, he was discouraged about his financial situation and quite worried that the IRS would garnish his wages from the partnership, which would cause friction with his business partner and maybe dissolution of the partnership.
After filing the Power of Attorney and looking his financials over, we submitted an Offer to the IRS for $44,000. After examination the IRS came back and said they wanted closer to $80,000. Our client came back and told us he could never afford the $44,000, let alone the $80,000. It was impossible he said. SO we Appealed his IRS Fresh Start Program, which took nearly six additional months added to his case.
By the end the IRS lowered our original amount, which he said he could afford. This story not only was a happy ending for our client and ourselves, but the icing on the cake was that he married the nurse who was caring for his child. That was the “Feel Good Story of the Year”, that particular year. But to get there it took us an additional 6 months, with no additional fees to the client. That is what we call Superior Tax Resolution Services.
Now to get to this happy ending, taxpayers have to go through the process of paying a $205 application fee. They need to be compliant in filing of all due tax returns, they must submit the appropriate financial documentation to the IRS and provide the IRS with all requested documents on time. An exception for those with insufficient income levels is made in paying the $205 application fee. To be eligible for this, you would have to go through the IRS guidelines and once met, the fee would be waived.
If you are in a Bankruptcy proceeding, the IRS will not look your IRS Fresh Start Program over, until you come out of a Bankruptcy. If you are considering doing one or the other, make sure you speak with someone who understands the process of going thru an Offer for people considering a Bankruptcy, prior to doing either. You will want to know the options involved in the tax codes and how it may impact a potential Bankruptcy.
If you have any audit’s underway or have filed under the Innocent Spouse provision of the IRS Innocent Spouse program, you cannot submit a Offer in Compromise while you are in either of those. That is why we say, prior to deciding on any avenue for dealing with a past tax debt, you need a Qualified Tax Professional to go through the process and determine every avenue for dealing with your tax debt, prior to deciding on the best path moving forward. Once you know what your options are, then and only then will you be able to determine what is right for you. What if you qualify for more than one avenue of Tax Relief ? What do you do ? Which do you choose ? This is what good Tax Resolution Services will do for you, help you make the right choice. 1-888-689-7861
Tax Resolution Experts
This is often an over looked factor in Tax Resolution Companies that are so set on maximizing profits over customer service, that they forward the IRS Fresh Start Program to the client, and then the client is not able to finish it off, by making the required back end payments. We have fielded hundreds of calls form those who tried to submit a IRS Fresh Start Program themselves, or used an dishonest company and found out they were hung out to dry. An Offer in Compromise is a good solution, if and only if, you can make it work by making the required payments.
Don’t count on Tax Refunds during the year the IRS Fresh Start Program is accepted, as the IRS will keep those, and your refund also cannot be calculated into determining the payment to the IRS. You will have several choices in paying your IRS Fresh Start Program. A Lump Sum payment is one way. But if your financial statement doesn’t list the amount in a bank account, the IRS will want to know where the money is coming from. You would also have to pay the IRS twenty percent of the total IRS Offer amount right upfront. That money will be kept by the IRS, even if you cannot pay the rest of the Offer, or miss a tax filing deadline, which would cancel the Offer entirely.
The IRS also accepts payments of the IRS Fresh Start Program. If you decide on this method of payment, the first payment would be due with the Offer, and the balance of what is owed to the IRS would be paid in installments over a six and up to a twenty four month period, depending upon the IRS Fresh Start Program outline and terms at submission of the tax proposal. And that is why we say, if you want to look at the Offer in Compromise as an alternative to your past tax debt, lets make sure you can make the payments. That’s what good Tax Resolution does, yet not all companies go that extra mile, we do !
Many businesses with which we have dealt with, who had lackluster accounting practices in place, have used us to ensure they remain compliant, having all tax returns filed on time, to make sure the IRS Fresh Start Program goes thru. You should know that interest and penalties will continue while the tax debt is being settled. You will be required to file and pay your taxes, whether you are a business owner, self employed, or an individual for a period of time, after the Offer is submitted and or accepted.
Several exceptions exist in the IRS Fresh Start Program. If you have a Court ordered payment for any restitution, the IRS cannot accept an Offer in Compromise while the Court order is in place. You must also have received a notice from the IRS stating you owe taxes for at least one tax year, which you can put on the Offer. Otherwise your Offer will be returned, the paperwork and the payment you sent in to the IRS. An Offer for a tax debt under Internal Revenue Code Section 965 (h)(3) and no portion of the tax debt going into the Offer Plan happened form a transfer agreement that was agreed to under Internal Revenue Code Section 965(h)(3).
Get Help With Tax Relief
IRS Having a Bank or Wage Levy during the IRS Fresh Start Program process can be quite stressful. The IRS will do this under certain circumstances, and they will also take the Levy off under certain circumstances. We know what those conditions are, and if you don’t meet them, will guide you so you do. We have certain procedures that we can apply for, prior to a Levy or Garnishment, to delay both of those. We know the exceptions and have gone over the head of many an overzealous IRS Agent in the last 35 years. Trying this on yourself is virtually impossible if you don’t know the IRS Regulations, the right people to talk to and whether you fit into the IRS Regulations, allowing an exception to a Levy or Garnishment.
Prior to the IRS going after the assets or putting a Tax Lien on your Social Security number, the IRS will send out a number of letters, called CP notices. These start off by telling you that you have taxes that need to be filled or a tax debt that needs to be paid. They will then get more aggressive with each letter that follows. At some point the IRS will put a Tax Lien on you, preventing you from obtaining credit, or selling goods attached to your name or Social Security number. The IRS Fresh Start Program has a method for dealing with an IRS Tax Lien, but as with a IRS Wage Garnishment, certain conditions must be met to achieve this. If you want to consider the IRS Fresh Start Program or deal with your Tax Line, call the Professionals at Federal Tax Resolution at 1-888-689-7861.An IRS Tax Lien happens when the IRS wants to secure the amount of taxes it believes is owed to them by a taxpayer, for unpaid taxes. The lien is placed on the taxpayers Social Security number, which then attaches to any property the taxpayer owns. The most common situation we deal with in helping taxpayers with IRS Tax Liens, are home mortgages, credit repair, and the potential impact on a job application that requires some type of Security clearance.
Getting a Tax Lien removed can be very difficult or rather easy, depending upon the unique circumstances surrounding the case. We have dealt with hundreds of cases of tax lien’s over the last 36 years, including international tax liens placed on U.S. citizens. Each case is unique and the circumstances that surround how the taxpayer fell behind, how much is owed, whether any unfiled tax returns are outstanding, whether the taxpayer has medical issues impacting the number of years left to live, all of these factors can contribute to whether the IRS will continue the lien or consider the removal of the lien. But the IRS also has some guidelines they generally go by. Knowing these can be useful in helping a taxpayer resolve a tax lien issue, but its also important to speak to the right people at the IRS. The Taxpayer Advocate stated that in 2021, only 12 percent of all calls to the IRS were answered. Fortunately, we have special phone numbers reserved for the Tax Professional community, so we can get thru much faster.
Federal Tax Resolution has 36 years of IRS Tax Lien experience to bring into your corner, when dealing with the IRS. Don’t waste your time with amateurs, or try speaking to a Collection Agent at the IRS, only interested in collecting your back tax debt. Use a Tax Resolution firm that knows every option for dealing with your IRS back taxes. We can cut thru the red tape and get your tax lien removed quickly. See how quickly by giving us a call today for a free IRS Fresh Start Program Consultation 1-888-689-7861
More About The IRS & US Tax Court
When a business owner comes to us with Trust Fund Recovery Penalties, due to a 940 or 941 tax debt, and they have noticed the commercials on TV talking about the Fresh Start Program, or Pennies on the Dollar settlements, being the Fourth Oldest Tax Resolution Company in America, we understand that the IRS has a much more aggressive posture towards those who get behind on payroll taxes than if it was a personal income tax situation. We often have to explain that to business owners in detail as depending upon the severity of the debt, the closure of the business may be at risk. And that closure may not be from the IRS simply closing the doors, but demanding the money in a way that makes the operation of the business going forwards impossible. Every option in the IRS Fresh Start Program should be examined in such cases.
In these cases the first thing you don’t want to do is send the wrong signal to the IRS Revenue Agent assigned to the case. Often, business owners who think they can handle these issues, do just that and they send the wrong signal, and its like a knee jerk reaction by the Revenue Agent and they issue the 100% Trust Fund Recovery Penalty and it is effectively the end of the business, due to the chokehold it puts on the cash flow and ability to operate. It’s best to have a well seasoned Tax Professional who is fully versed in this area of taxation, with decades of experience in the Tax Resolution Services industry, to guide you thru the process, and try to determine all options under the IRS Fresh Start Program.
Employees who have the ability to write checks paying the payroll taxes of the Corporation, Officers and Shareholders can be personally liable for a corporations non-compliance in paying payroll taxes. The IRS will determine who was “Willful and responsible” by eventually having a non-assertion interview to determine who is responsible for the tax. They can then go after the personal assets of those they deem responsible.
We have dealt with a multitude of business owners over the last 36 years who were caught in the crosshairs of the IRS, and were able to prevent the assessment of the Trust Fund penalty. In many instances, it was what saved the business from going under. That is our number one goal in dealing with Business owners with these issues, keeping the business alive and well. Sometimes they qualify for an avenue of Tax Relief in the IRS Fresh Start Program, sometimes they don’t.
TAX RESOLUTION
In 1989 we had a client in California who owed the IRS a tad over $2,500,000. He had two Tax Attorney’s work on it for nearly four years, with no success. We submitted a IRS Fresh Start Program for $3009.88 and still have the hand written note he sent us.
In 2012 we eliminated a Civil Trust Fund Recovery Penalty, on a payroll tax debt that ran into the tens of millions. The Trust Fund Penalty alone was over $9,000,000. The client paid the IRS $0 Zero Nothing. These are two of the largest amounts owed, to having a Offer in Compromise acceptance by the IRS ever. If we can do that, imagine what we can do for you . Financial Freedom is a call away. 1-888-689-7861
Federal Tax Resolution serving America for 36 years. We have a Higher Grade of Tax Professionals than 90 percent of the Tax Resolution Companies in America. We have a A+ rating with the Better Business Bureau and are recommended by our peers in the industry. We are the Fourth Oldest Tax Resolution Company in America ! We are unique in that we can provide Tax Court Representation in every State in the United States. We provide Superior Service for our clients. Call and see what Superior Tax Resolution is all about.
IRS FRESH START PROGRAM
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