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IRS Levy – Stop an IRS Tax Levy Fast

Your Best Bet Is This: Avoid An IRS Levy To Begin With

The IRS Tax Attorneys at Flat Fee Tax Service, Inc. can obtain a release of an IRS levy. Avoiding an IRS levy is a much better strategy. The IRS will negotiate with taxpayers – the key is to maintain the lines of communication. And if your tax problem is complex, you don’t have to and shouldn’t go it alone. The experienced IRS Tax Attorneys at Flat Fee Tax Service, Inc. is available to help you deal with the IRS.

IF YOU DECIDE TO PROCRASTINATE, HERE IS WHAT YOU FACE WITH AN IRS LEVY:

When the IRS issues a Notice of Intent To Levy”, the IRS intends to levy and seize your assets. You have 30 days to challenge the tax levy to attempt tax resolution or pay the amount due.

If you cannot pay your tax debt in full before the IRS is scheduled to seize your assets, you may be able to remove the IRS levy anyway with proper tax resolution by setting up an installment plan with the IRS or by making other arrangements. But the best course of action is to work out a mutually agreeable solution with the IRS – and avoid the IRS levy altogether.

Stop An IRS Levy In One Day

Stop An IRS Levy – IRS Wage Garnishment In One Day

The Best Ways to Release a Tax Levy:

(a) Pay Your Tax Debt in Full
(b) Enter an Installment Agreement
(c) Demonstrate Undue Hardship
(d) File an Offer in Compromise (OIC)
(e) Negotiate a Release of the Levy
(F) Pay Your Debt in Full

An IRS Levy serves one purpose: to allow the IRS to collect the money that you owe for a tax debt. Therefore, if you can raise the cash to pay your debt in full, including penalties and interest, within a reasonable period (up to 120 days), the IRS will release its levy immediately. Such agreements can be negotiated by telephone, in person or by mail.

Enter an IRS Installment Agreement:

You may negotiate an IRS installment agreement by filing Form 9465, Installment Agreement Request, available through the IRS.gov website. Negotiating an installment agreement will also release an IRS levy immediately.

The IRS charges a standard installment agreement user fee of $120 to establish an installment plan. Taxpayers who elect to pay installments through direct debit are charged an installment agreement user fee of $52.

Demonstrate Undue Hardship:

The IRS may also release an IRS levy if following through would deprive you of the means to provide for your basic necessities. You must generally provide financial information to the IRS in order to demonstrate undue hardship. You may provide such information to an IRS agent by telephone or in person or by filing an Offer in Compromise or in hard copy form mailed to the IRS.

If you lack the means to pay at all, you may be placed in Currently Not Collectible status. You may remain in Currently Not Collectible Status indefinitely, but you must undergo reevaluation of your financial circumstances every year. If you remain in Currently Not Collectible Status long enough (generally 10 years), the statute of limitations may run out and your tax obligation would be forgiven.

File an Offer in Compromise – IRS Settlement

You may also obtain a release of an IRS levy by filing an Offer in Compromise (OIC). Call our team today and find out if you qualify to settle with the IRS.

Negotiate a Release of the IRS Levy:

THE IRS TAX ATTORNEYS AT FLAT FEE TAX SERVICE WILL STOP AN IRS LEVY IN ONE DAY.

Yes, on your own, you may be able to negotiate directly with a field agent to have your IRS levy released. Telephone IRS agents generally do not have the authority to release levies, but field agents often do.

If you demonstrate to the IRS that you will be more likely to be able to pay the tax you owe or if you wish to sell real estate or some other valuable asset, but cannot do so while the IRS levy is in place, you may request a levy release. In such cases, the understanding is that you will apply all or part of the proceeds of the sale to pay your overdue tax debt.

Additional Tips to Release an IRS Levy:

File a Collection Due Process or Collection Appeal Request.

The Collection Due Process and the Collection Appeal Process allow you to appeal a tax levy, which releases the levy while your appeal is being considered. You may represent yourself or be represented by an attorney, a certified public accountant or individual who is enrolled to practice before the IRS. The Collection Appeal Process generally provides quicker decisions than the Collection Due Process, but you cannot dispute the results of the Collection Appeal Process in court.

Show that the Statute of Limitations Has Run Out.

The IRS only is only allowed to pursue taxpayers for their tax obligations for a limited period of time. If you can demonstrate that the statute of limitations had expired before the IRS filed its tax levy, you are off the hook. But calculating the statute of limitations accurately can be tricky, because of certain actions, such as spending extended periods outside the country, stop the clock on the statute of limitations. Determining whether the statute has run on your tax levy is a task definitely left to the experts.

Stop An IRS Wage Garnishment:

Can you afford to live on 50% of your paycheck? Of course, you can’t. Who could? When the IRS has failed to collect back taxes, the IRS will begin to seize assets. If phone calls and letters are not returned, they will take the next step. This process is called an “IRS levy”. The IRS is legally allowed to seize your bank accounts, demand payment from accounts receivable, take control of the property for auction, and assume title on vehicles. Virtually anything of value can be seized to satisfy the outstanding debt.

An IRS wage garnishment is the ultimate IRS levy because though the seizure of assets from your paycheck is an ongoing process. If the IRS levy on your wages is removed through tax resolution, the IRS wage garnishment will be stopped.

An IRS Levy (IRS wage garnishment) can be the most stressful and humiliating of all collection tactics. The IRS will do this to force taxpayers into forced compliance. Our team of IRS Tax Attorneys will be able to release your wages from garnishment and stop the IRS levy. Flat Fee Tax Service, Inc. has been successful in getting an IRS Levy (IRS wage garnishment) lifted and stopped in one day.

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IRS Tax Problems – Direct IRS Tax Relief – We Solve IRS Tax Problems

 

IRS TAX PROBLEMS – IRS TAX RELIEF

IRS tax problems can easily happen.  The IRS tax relief team at Flat Fee Tax Service, Inc. can help you resolve your IRS tax problems such as delinquent tax problems, tax disputes, and IRS back taxes. Our IRS tax relief team are fully experienced in providing effective tax solutions and representation for reducing tax debt, negotiating IRS payments and removing and releasing IRS garnishments. As a nationally trusted IRS tax problem resolution firm, we have years of experience with resolving IRS tax problems. With a commitment to finding a fair resolution to your IRS problems, our IRS Tax Attorneys can assist with any of the following services below:

Owing Back Taxes

It is not difficult to create an IRS tax problem and to fall behind in what you owe the IRS for back taxes. However, it is important to understand the chain of events that begin when you fall behind. Any unpaid balance to the IRS is subject to the interest that will compound daily and to a monthly late payment penalty. When large amounts of tax debt have been owed for several years it is possible that the penalties may equal or exceed the actual amount of taxes owed.

The IRS may consider monies owed for the following reasons:

  • You filed your returns but did not pay in full the amount owed.
  • You filed your returns but the IRS has reason to believe that you under-reported the amount owing.
  • You have not filed your tax returns and so the IRS or files a “Substitute for Return” for you, assuming the amount earned without any of the deductions that you may be legally entitled to.
  • You have gained valuable assets that you have not reported.
  • As an employer, you collected payroll taxes (also known as trust fund taxes) from your employees but failed to forward these sums to the IRS.

IRS enforcement threats and actions, Federal Tax Liens, worrisome wage garnishments, bank levies or federal tax liens–these are the things of nightmares. Individuals who face IRS tax problems tell us that they have trouble sleeping at night, they are stressed, they feel helpless.

Our IRS Tax Attorneys can help. We have the experience, knowledge, and skill necessary to deal with the IRS so that you don’t have to feel under constant threat of harassment and potential loss.

IRS Tax Problems: Missing Tax Returns

Our Tax relief team will review all of your tax resolution options to file your back taxes and delinquent tax returns – all in an effort to minimize IRS penalties and tax debt. Once your back taxes are filed and compliant, we will review your tax settlement options through the Offer in Compromise program.

IRS Tax problems: IRS Federal Tax Liens and IRS Levies

If the IRS currently has a federal tax lien or a tax levy on your business or personal property, our IRS Tax Attorneys will help settle your tax debt in an affordable and timely manner to prevent any seizure of your assets.

IRS Tax Problems: IRS Wage Garnishment

An IRS wage garnishment can have serious implications on your finances and job. Our IRS Tax Attorneys can stop an IRS wage garnishment in as little as one day. Our tax relief team will prepare your missing tax returns and compile a financial statement so that you can become IRS compliant and put an end to your paycheck seizure.

IRS Tax Problems: Your Tax Settlement Options

  • Offer in Compromise (Settle your tax debt for an amount less than what you currently owe)
  • Installment agreement (Distribute tax debt in an installment payment plan)
  • Currently not Collectible (Removes your case active IRS enforcement. The IRS will leave you alone)
  • Penalty and interest reduction (Removal of IRS penalties through an IRS penalty abatement)

Flat Fee Tax Service, Inc.

Nationwide IRS Tax Problem Solving

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OIC Tax Services – Offer in Compromise Tax Services – IRS Tax Relief

Offer in Compromise – How Our OIC Tax Services Works

The experienced IRS Tax Attorneys and tax professionals at Flat Fee Tax Service, Inc. may, after listening to you and gathering the necessary information, recommend you pursue an Offer in Compromise (OIC Tax Services). Beware of other firms making promises that they can settle using OIC tax services (Offer in Compromise) settlement before knowing all the details about your finances and tax situation. We will never suggest this type of filing until we have analyzed your financial situation in great detail and matched it up with IRS standards to determine the likelihood your OIC (Offer in Compromise) being accepted. To determine if you are qualified and eligible to settle your tax debt through the Offer in Compromise program, our tax relief team will work closely with you to gather detailed financial data to match up to IRS guidelines to determine the likelihood of qualifying for an Offer in Compromise (OIC). If our IRS Tax Attorneys determine that you are likely able to qualify for our OIC Tax Services, we can determine what settlement offer would most likely be accepted by the IRS and determine if you can afford that payment. Once we cross reference all the data, our IRS Tax Attorneys will file all the appropriate paperwork and make the request (which will stop the IRS collection process) and then we wait for the response from the IRS.

IRS Offer in Compromise Help:

How our OIC Tax Service Works

An offer in compromise (OIC) is a great program that is offered by the IRS to help financially troubled taxpayers get back into compliance with the IRS. If an Offer in Compromise (OIC) is approved, it will allow you or a business to settle your tax debt for less. The IRS and States do not easily accept OICs, as only a fraction of taxpayers that apply actually have their offers accepted.

Per IRS 2016 statistics, about 41.8% of the submitted Offer in Compromise submissions (OIC) was accepted by the IRS.  

95% OF THE FLAT FEE TAX SERVICE, INC. RECEIVED A SUCCESSFUL IRS SETTLEMENT (OIC).

WE LIKE OUR RECORD OF IRS SETTLEMENT SUCCESS.

In order to apply for an offer in compromise (OIC tax services), a full financial disclosure of assets, liabilities, income, and expenses with the IRS needs to be submitted. The preparation and documentation for an Offer in Compromise is laborious. We always tell our clients to expect the Offer in Compromise process to take 10 to 12 months. Fortunately, the taxing authorities generally will stop collection actions on the taxpayer once the request is made as long as they don’t believe the request was made as a stalling technique.

OIC Tax Services Equals Offer in Compromise

The IRS Tax Attorneys through our OIC tax services has the advantage of a national perspective regarding the Offer in Compromise process because our tax relief team has active cases throughout the United States, which helps eliminate the misapplication of tax law and prevent unnecessary errors while negotiating Offer in Compromise settlements. Through many years of experience and insight into unpublished IRS administrative practices and policies, our tax relief team through our OIC tax services has developed an expert understanding of the Offer in Compromise process, and because of this, we have been able to settle cases at the lowest amounts the IRS will allow for each qualifying taxpayers situation. That insight we have into the Offer in Compromise process allows us to minimize the opportunity the IRS has to return an offer without resolution.

Why Select Us for our OIC Tax Services (Offer In Compromise)

Our team of IRS Tax Attorneys and tax professionals will never make false promises about your qualification for an IRS settlement through the Offer in Compromise program. Our IRS Tax Attorneys and tax professionals are very knowledgeable about the process of the Offer in Compromise program (OIC) and use various computer models to help determine qualifications and settlement offer amounts to increase your success. If we find out you do not qualify for this program, we will help find the next best IRS tax solutions that fit your financial needs.

FLAT FEE TAX SERVICE, INC.

OIC Tax Services Nationwide

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IRS Tax Help – How Can I Fix My Tax and IRS Issues? Tax Help with IRS

Flat Fee Tax Service, Inc. is an IRS tax resolution advocacy group dedicated to protecting taxpayers and businesses from the financial devastation that results from an IRS tax debt. An IRS tax problem not only affects your financial future but can also jeopardize every area of your life. If you hire “the best IRS help” team led by our experienced IRS Tax Attorneys, to help you file an Offer in Compromise, be sure to check record for IRS settlement success. IRS Offer in Compromise is the most desirable solution for people with IRS tax help problems.

Our IRS Tax Help and Tax Relief Services:

1. Offer In Compromise
2. Un-filled Tax Returns, Tax Relief for IRS Tax Debt and Back Taxes
3. Remove Federal Tax Liens, Subordination, and Withdrawal
4. Federal Tax Liens, IRS Tax Levy & IRS Wage Garnishment Appeal, and Removal
5. IRS Tax Attorney Representation – Penalty Abatement – Back Tax Help and Tax Compliance
6. Innocent Spouse and Current not Collectible
7. Effective IRS Offer in Compromise Settlements

95% OF FLAT FEE TAX SERVICE, INC.’S CLIENTS HAVE RECEIVED

A SUCCESSFUL IRS SETTLEMENT.

PER IRS STATISTICS: 42% OF THE OFFER IN COMPROMISE SETTLEMENTS WERE APPROVED.

WE LOVE OUR SUCCESS.

YOU WILL LOVE OUR LOW, AFFORDABLE FEES

Hire Our IRS Tax Attorney & Get Your IRS Tax Problems Solved:

Our dedicated IRS tax attorneys and federal tax lawyers can help find the best possible solution for your federal tax situation and negotiate with the IRS on your behalf for IRS tax relief.

Flat Fee Tax Service, Inc. offers IRS tax help and tax debt relief assistance that can help you settle IRS tax debt for a fraction of the amount owed. With the help of our IRS Tax Attorneys, you can eliminate interest charges and penalties, and even remove a federal tax lien. Due to the IRS tax help, we provide to taxpayers, our tax relief professionals can prevent or stop wage garnishments, provide effective tax debt solutions to property seizures, IRS bank levies and other tax problems.

The IRS is the most powerful collection entities in the country and it has an army of attorneys on its side. Effective IRS tax help representation with an IRS tax attorney experienced in IRS is essential in order for you to defend your rights and protect your assets. With over 50 years of combined experience, Flat Fee Tax Service, Inc. has both the broad IRS tax law knowledge and the specific expertise in form of IRS tax attorney required to handle your IRS tax debt problem.

FLAT FEE TAX SERVICE, INC.

IRS TAX HELP IN THE USA

Good People – Doing Great Work

Free Consultation: 1-800-589-3078

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Offer in Compromise – How Much Money can an IRS Offer in Compromise Save Me?

WHAT IS AN IRS OFFER IN COMPROMISE?

The Offer-in-Compromise can be a life-saving form of tax relief for those who truly need it. On average people who settle their debt using an Offer-in-Compromise end up paying less than 20% of the actual amount they owed to the IRS.

Approved by Congress to aid financially struggling taxpayers, an IRS settlement through the Offer in Compromise (OIC) program can be the ideal tax debt solution for resolving your tax problem as it can result in significant savings.

In some cases, your financial situation may make it nearly impossible for you to pay off all your IRS tax debt, even when utilizing tax relief over the long term via an installment plan. In such situations, the IRS may be willing to accept an Offer in Compromise and significantly lower your IRS tax debt.

Here is how an IRS Offer in Compromise works:

  • Through the work of our IRS Tax Attorneys, the IRS acknowledges that there is no feasible way to pay off all your tax debt. This means that you do not have enough income to pay off your tax debt and do not have enough valuable assets that the IRS could seize.
  • Using the IRS guidelines for an Offer in Compromise, you offer to pay the IRS the maximum amount that you can afford even though that amount may fall far short of the actual tax debt
  • If the IRS accepts that the amount of your Offer in Compromise, the IRS will agree to compromise, settle and essentially lower your tax debt to match the amount you can pay
  • Once you have finished paying the agreed upon amount, your tax debt is considered “paid in full.” This is true even if the agreed-upon Offer in Compromise is only a small percentage of what you originally owed

95% OF FLAT FEE TAX SERVICE, INC.’S CLIENTS HAVE RECEIVED AN IRS SETTLEMENT.

Our clients get positive tax relief results.

PER 2016 IRS STATISTICS: 42% OF THE OFFER IN COMPROMISE SUBMISSIONS

WERE APPROVED BY THE IRS.

WE LOVE OUR IRS SETTLEMENT RESULTS.

Getting Help with Offer In Compromise

Yes, a taxpayer can submit their own Offer in Compromise. Our team doesn’t recommend it if you are serious. To have a better chance of approval of your Offer in Compromise, one should utilize the assistance of an experienced IRS Tax Attorney for this complex process. The highly qualified, trained and experienced team at Flat Fee Tax Service, Inc. will work very hard to see if this is the best solution for your IRS tax debt.

To be eligible for an Offer in Compromise our IRS Tax Attorneys must demonstrate to the IRS that collection of the tax would create an economic hardship or would be unfair and inequitable.

For the best chances in successfully negotiating an Offer in Compromise, you’ll want an experienced professional with a successful track record on your side. Flat Fee Tax Service, Inc.’s expert IRS Tax Attorneys are highly experienced in preparing, submitting and settling these tax debt cases. By calling one of our Tax Relief Consultants, we will answer any questions you may have and provide you with a better assessment of your options.

FLAT FEE TAX SERVICE, INC.

GREAT PEOPLE – DOING GREAT WORK

1-800-589-3078

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IRS Fresh Start Initiative – IRS fresh start initiative – Tax Debt Forgiveness Program

The IRS Fresh Start Initiative has had one goal: to make it easier for individuals and businesses to receive IRS tax relief and to pay their back taxes and IRS penalties. The IRS Fresh Start Initiative has been expanded since then, but still holds true to its original purpose. How exactly will it affect you if you’re struggling to pay up? Here are the four components that the IRS Fresh Start Initiative has changed for your benefit.

What Is the IRS Fresh Start Initiative Program?

The image of the IRS is one of intimidation. Whether deliberately cultivated or not, the IRS does little to dispel this perception. In recent years, the IRS has sought to reboot the way it interacts with taxpayers, with IRS agents receiving training and instruction in how to assist taxpayers who are in arrears. The IRS Fresh Start Initiative combines IRS penalty relief, installment payments; federal tax lien releases and a program known as Offer in Compromise that allows many taxpayers to settle their federal tax debts for less than what they actually owe.

How the IRS Fresh Start Initiative Will Help Waive IRS Tax Penalties

Originally, when paying and filing your taxes, missing the April deadline meant immediate interest charges and penalties. But with the IRS Fresh Start Initiative, qualifying unemployed taxpayers can apply to have Failure-to-Pay penalties waived for six months.

The IRS Fresh Start Initiative program was launched in 2012 to help taxpayers who were struggling with the effects of the ongoing financial crisis. The first aspect of the program provided some unemployed taxpayers with exemption from the failure-to-pay penalty.

To qualify for this aspect of the IRS Fresh Start Initiative, wage earners must have been unemployed for at least 30 consecutive days. Self-employed taxpayers must have experienced at least a 25 percent reduction in income due to adverse economic conditions. The IRS also set maximum income limits of $200,000 for married taxpayers filing jointly.

Easy Installment Agreements: 

The IRS Fresh Start Initiative Program also raised the maximum tax owed for taxpayers from $25,000 to $50,000 to qualify for streamlined repayment plans. Under the Fresh Start Initiative payment agreement program, taxpayers may establish payment plans online through the Online Payment Agreement page located on the IRS website (IRS.gov). Taxpayers who owe more than $50,000 may still establish an IRS installment agreement but must either file a Collection Information Statement (Form 433-A or Form 433-F) or make sufficient payments against their past-due tax balance to bring the total tax owed below the $50,000 threshold.

How To Withdraw Notice Of Federal Tax Lien: 

The IRS Fresh Start Initiative raises the minimum threshold for filing an IRS Notice of Federal Tax Lien on taxes owed from $5,000 to $10,000. The new standard is not retroactive, and the IRS may still impose liens against taxpayers who owe less than $10,000 when the agency deems that circumstances warrant doing so. To request that the IRS withdraw the Notice of Federal Tax Lien against liens that have been released, taxpayers must file Form 12777 – Application for Withdrawal, available on the IRS website.

How To Make Use of the Offer in Compromise Program and Settle Your Tax Debt:

An Offer in Compromise, according to the IRS Fresh Start Initiative, allows taxpayers to settle their obligations to the IRS for less than the total amount owed. The IRS only allows taxpayers to obtain IRS tax relief under the Offer in Compromise program in circumstances where requiring repaying the full back taxes owed would constitute an undue burden or in cases where taxpayers demonstrate that they will be unlikely ever to be able to pay the full amount owed.

95% OF FLAT FEE TAX SERVICE, INC.’S CLIENTS HAVE RECEIVED AN IRS SETTLEMENT.

PER 2016 IRS STATISTICS: THE IRS APPROVED 42% OF THE

OFFER IN COMPROMISE SETTLEMENTS SUBMITTED.

WE LIKE OUR RECORD OF OFFER IN COMPROMISE SUCCESS. YOU SHOULD AS WELL.

The IRS Fresh Start Initiative has established more flexible standards in evaluating the financial standpoint of taxpayers who request relief under an Offer in Compromise. As a result, more taxpayers may qualify. .To be eligible for IRS tax relief under the Offer in Compromise program for grounds other than Doubt as to Liability, taxpayers must meet all of the following conditions:

  • Cannot have an open personal or business bankruptcy petition
  • All required tax forms must have been filed
  • All required tax payments for the current year must be paid
  • Business owners with employees must have made current quarterly tax payments

An Offer in Compromise may be either for a single lump-sum payment or for installment payments. To request an Offer in Compromise, taxpayers must submit Form 433-A (OIC) for individuals or Form 433-B (OIC) for businesses along with either $186 to cover the application fee and either a payment of 20 percent of the proposed lump-sum payment or an amount equal to the first proposed monthly installment payment. Individuals and sole proprietors who qualify under Low-Income Certification guidelines set by the IRS are exempted from paying the application fee.

New Installment Guidelines according to the IRS Fresh Start Initiative:

IRS Installment agreements allow a person to make monthly payments on their tax debt if they can’t afford to pay the total at once, and/or aren’t eligible for an Offer in Compromise. In the past, once an individual’s tax balance reached $25,000, the IRS began conducting a financial analysis of the person’s income and expenses to determine how much the taxpayer would pay per month. Additionally, a Notice of Federal Tax Liens was filed.

Under the IRS Fresh Start Initiative, more taxpayers will be able to avoid this invasive process altogether, as the tax balance threshold has been raised to $50,000. At that point, once the installment agreement process is started, you’ll now have six years to pay the debt off. If you are considering entering an installment agreement, let our tax relief team know and our IRS Tax Attorneys will make sure you qualify.

Notice of Federal Tax Liens and the IRS Fresh Start Initiative:

If an individual fails to pay their tax debt the government can file a claim against that person’s property with a federal tax lien. “Property” includes everything an individual owns, including real estate, vehicles and financial assets. The Notice of Federal Tax Lien alerts creditors that the government has a legal right to a taxpayer’s property. This may limit your ability to get credit.

Similar to installment agreements, FSI has raised the Notice of Federal Tax Lien filing threshold to $10,000 from $5,000. The IRS might still choose to file at an amount less than $10,000, but it’s not as automatic as before.

How the IRS Fresh Start Initiative can help with your Tax Problems:

While none of these alternatives represents an easy solution, each of them does provide a viable avenue for IRS tax relief. If you have been struggling to pay your federal income tax burden, investigating possible assistance under the IRS Fresh Initiative program is definitely worth your while, either on your own or with the assistance of a tax professional. You may find that your overall tax burden is significantly reduced.

Are You Wondering if You’re Eligible and Qualified for the IRS Fresh Start Initiative? Give Our Tax Relief Team a Call.

If you’re struggling with paying your taxes, don’t know how to fill out an Offer in Compromise or don’t know which forms to file, contact our tax relief team today. We’ll help you take advantage of the IRS Fresh Start Initiative.

FLAT FEE TAX SERVICE, INC.

Our tax relief team provides IRS protection nationwide.

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IRS Uncollectible – Currently not Collectible IRS Status

Currently not Collectible status protects you from the IRS. Being Currently not Collectible will stop IRS levies, IRS garnishments, threatening letters and collection enforcement. Being uncollectible forces the IRS to simply leave you alone without requiring any payment on your end.

The IRS will consider your account to be Currently not Collectible if our IRS Tax Attorneys, at Flat Fee Tax Service, Inc., provides them a collection information statement verifying that there would be a financial hardship if the IRS forced you to pay them.

To the IRS, Currently not Collectible is like “putting your tax debt on the shelf”. The IRS wants to close cases. The IRS will take your case out of their active collection inventory (shelving it). The Treasury Inspector General reports that the IRS reported 5.7 million delinquent accounts as Currently not Collectible.

In many cases, our tax relief team have seen clients become Currently not Collectible and remain there until the time frame the IRS has to collect (10 years) expires, after which the IRS debt is permanently removed and forgiven.

What, exactly, would make the IRS want to remove you from their inventory of uncollectible cases to determine if you are no longer entitled to financial hardship status?

To begin with, to remain uncollectible, the IRS requires that you file and pay all of your future taxes on time. That means if you are self-employed and previously had trouble setting aside money to pay your taxes, you have to do that to stay Currently not Collectible.

In addition to remaining current on your future taxes, what else should you be aware of if you are uncollectible?

1. A large increase in your income indicates to the IRS that you may no longer be in financial hardship.  The IRS will be looking at your future tax returns and comparing that your income levels when they determined that you were currently not collectible.  If there are significant increases in your income, the IRS may contact you for a new collection information statement to see if the increased income translates into an ability to pay.

2. When the IRS places your account in Currently not Collectible status, the IRS will mark a follow-up date for review of your account.  If this occurs, the IRS will give you two years as uncollectible until the follow-up date kicks in. The IRS usually marks a case for future review only if there is an indicator when you are placed in uncollectible status that there could be an increase in your ability to pay later.  This could be the case if, for example, you earned significantly more last year, but had a dip this year and you cannot make payments to the IRS, they may mark your case for later review of whether the hardship continues.

3. The IRS has the right to review your uncollectible status for any or reason or no reason at all.  After all, the money is owed to them, and they have the right to determine your situation has changed.  Denying the IRS a request for a new collection information statement is a surefire way to increase their curiosity and make them really, really want it.

That being said, it is more the exception than the rule for the IRS to come back on their own later and review whether you should be knocked out of currently not collectible status.  The most likely occurrence will be defaulting on your future tax filings and payments – and that is within your control.

Currently not Collectible puts the IRS on the sidelines and allows you to live your life without IRS intrusions into your bank accounts, wages, and property.  When combined with the expiration of the Statute of Limitations on the collection of your tax debt, it is a legitimate method of tax relief for your IRS tax debt.

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Our IRS Tax Attorneys Will Protect You In The USA

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Tax Debt Attorney – IRS Tax Debt Settlement And Solutions – IRS Tax Attorney

Dealing with IRS tax debt settlement involves navigating the complicated maze of U.S. tax law. An IRS tax debt attorney has the knowledge of tax law and expertise needed to negotiate with the IRS on your behalf to reduce your tax debt and resolve your issues. Our tax relief team offers tax debt help to individuals and businesses with IRS debt problems.

The Internal Revenue Service has an army of tax debt attorneys looking out for their best interests; as a taxpayer, you should have the same benefit of an experienced tax debt attorney looking out for your family’s financial security. We have helped hundreds of clients to reduce tax debt and save thousands of dollars. In the process, we have honed our negotiation skills to get the best possible IRS tax relief settlement for each client.

Our dedicated IRS tax debt attorneys and federal tax lawyers can help find the best possible solution for your federal tax debt problems and negotiate with the IRS on your behalf for IRS tax relief.

Flat Fee Tax Service, Inc. and our Tax Debt Attorneys can help you settle tax debt for a fraction of the amount owed. With the help of our tax debt attorneys, you can eliminate interest charges and penalties, and even remove a federal tax lien. Our tax relief professionals can prevent or stop IRS wage garnishments (in one day), provide effective tax debt solutions to property seizures, bank levies and other tax problems.

The IRS is one of the most powerful entities in the country and it has an army of attorneys on its side. Effective representation with a tax debt attorney experienced in IRS is essential in order for you to defend your rights and protect your assets. With over 50 years of combined experience, the tax relief team at Flat Fee Tax Service, Inc. has both the broad IRS tax law knowledge and the specific expertise in the form of IRS tax debt attorneys required to handle your case. We have also added a new section of IRS tax forms used for taxpayers and tax-exempt organizations. It includes detailed info on most popular IRS Forms such as Form 1040, Form 2848, W-2 Form & much more.

SETTLE WITH THE IRS

The Offer in Compromise program operated by the IRS, whereby an individual in need of tax debt help pays part of the debt up front and the IRS cancels the remainder, can be a tricky proposition if you have significant assets. After all, if you have significant assets, why should the IRS not simply seize your assets to pay your tax debt?

95% OF OUR CLIENTS HAVE RECEIVED A SUCCESSFUL IRS SETTLEMENT

THANKS TO OUR TAX DEBT ATTORNEYS.

PER 2016 IRS STATISTICS: THE IRS APPROVED 42% OF ALL IRS SETTLEMENTS.

The answer, often, is that significant liabilities are attached to said significant assets. You have a nice car, but you also have a big car payment. You have a beautiful home, but you have an ugly ARM mortgage that you can’t refinance because your house value has declined. You have a good-looking 401K, but you’re near retirement and need it.

Whether you are someone with a checking and savings account and not much else or you have a lengthy balance sheet and are planning to pursue an Offer In Compromise, consider the services of an experienced tax debt attorney.

THE IRS WILL BE LOOKING FOR ANY REASON THAT THEY CAN FIND

TO REJECT YOUR OFFER IN COMPROMISE SUBMISSION.

If you are hesitating to secure the services of a tax debt attorney out of financial concerns, Flat Fee Tax Service, Inc. will help you with low, affordable fees. We are dedicated to providing tax debt help to our clients with guaranteed financing and an easy payment plans to fit your budget.

FLAT FEE TAX SERVICE, INC.

Our Tax Debt Attorneys service and protect struggling taxpayers throughout the United States.

Good People – Doing Great Work

Free & Confidential Consultation:

1-800-589-3078

https://www.flatfeetaxservice.net

http://www.flatfeetaxservice.us

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Tax Debt Help – American Tax Debt Relief – Tax Debt Legal Help in IRS Tax Issues

Tax Debt Help: Tax Relief Help with Settling Tax Debt

Flat Fee Tax Service, Inc. is a tax relief firm that will analyze your tax and financial situation and come up with the best tax debt method for you. You can be assured that you will be working with an experienced IRS Tax Attorney who will protect you. You will work directly with our IRS Tax Lawyer. Our tax relief team are experts in tax settlements. We will give you all of your options and will not make promises about settling for less than what is possible. You can be assured your situation will be evaluated honestly and that our tax professionals will find the settlement method that will save you the most money.

How does tax debt help work?

  • You will receive a free, no-obligation and confidential consultation.
  • Our team will determine the best settlement method for your unique tax and financial problem.
  • Find out if you are a good candidate for the offer in compromise program.
  • Our IRS Tax attorneys will file a Power of Attorney with the IRS. You will no longer speak to the IRS.

Tax Debt Help – IRS Settlement – How To Settle With the IRS

The IRS realizes that there are special circumstances where taxpayers simply cannot pay their tax debt. As a result, there are several ways to settle for less than you owe. Here are some tax debt settlement options.

Offer in Compromise

An IRS settlement through the Offer in Compromise program is when you settle tax debt for less than you owe. Obviously, not everyone is eligible to settle their tax debt. The process can be confusing and difficult, and there are strict qualification requirements. The IRS will only accept an Offer in Compromise settlement if your settlement offer is equal to or greater than the amount the agency would be able to collect using forced collection mechanisms (seizing assets, IRS garnishments, etc.).

IRS Penalty Abatement

An IRS Penalty abatement is when the IRS forgives the penalties added to your tax debt. This is a very common method for settling taxes for less than you owe. In fact, about a third of all IRS penalties are removed at a later date. Please note: You only get one opportunity at an IRS penalty abatement. It is important to do it correctly.

Partial Payment – IRS Installment Agreement

An IRS Partial Payment Installment Agreement is when you make payments based on what you can afford rather than the monthly amount required to satisfy your tax debt in full before the CSEDs expire. The balance gets reduced as the statute of limitations comes into effect. Under the statute of limitations, tax debt expires after a certain period of time (generally 10 years from the date it is assessed). As the expiration date hits, that tax debt is erased, and you are no longer responsible for it.

Why pay the tax debt if it is just going to expire? Because setting up a payment plan stops the IRS from taking enforced collection actions like the seizure of assets, IRS garnishment of your wages, or taking your passport.

Tax Debt Help – Innocent Spouse Tax Relief

Innocent spouse relief is only available to taxpayers who have filed jointly with their spouse. Normally, both spouses are liable for all tax debt, IRS penalties, and interest, but there are some rare situations where it’s unfair to hold both spouses liable. If you qualify, the IRS will still hold one spouse liable, but you aren’t responsible.

FLAT FEE TAX SERVICE, INC.

The Best IRS Tax Debt Help

IRS Tax Debt Help For You

 

Good People – Doing Great Work

Free Consultation: 1-800-589-3078

http://www.flatfeetaxservice.us

https://www.facebook.com/thebestirshelp

IRS Settlement in Pompano Beach, FL

OUR TEAM HAS DONE IT AGAIN!

Fernando M. from Pompano Beach came to us as a referral from a very satisfied former client. Fernando needed 7 tax returns to be prepared and filed before our Tax Lawyers could work on his IRS settlement. Our team prepared his non-filed tax returns immediately as we needed to have Fernando compliant with the IRS.

Today, we can announce this: The IRS has accepted Fernando’s settlement. Fernando will pay the IRS $2,000 to settle $63,000 of tax debt. This is fantastic news!

Fernando needed a Fresh Start and our successful Offer in Compromise settlement is providing that.

Great job by “the best IRS Help” team in America.

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