- IRS Tax Payment Agreement
- IRS Tax Installment Agreement
- IRS Fresh Start Program
- Seizure of Property Appeals
- Collection Due Process
- Collection Appeals Program
- Lien Notice
- Levy Notice
If back taxes, penalties and interest have caused tax debt to pile up. we can help you set up an Installment Agreement. In many The first step is for those who at or under $25,000 assessed balance. Other special options top out at $50,000 while Financials are utilized after 50K. By using payment plans, taxpayers are able to avoid Collection Notices, Federal Tax Liens and IRS Levies.
Utilizing these same financials, we can also achieve a non-collectible, if you qualify. Following a non-collectible or instead of an installment agreement you may also qualify for pennies on the dollar (an offer-in-compromise)!
The IRS Fresh Start program makes it easier for taxpayers to pay back taxes and avoid tax liens. Even small business taxpayers may benefit from Fresh Start.
- The IRS will generally not file a Federal Tax Lien until the taxpayer owns $10,000
- When a taxpayer meets certain requirements and pays off their tax debt, the IRS may withdraw a filed Notice of Federal Tax Lien. Taxpayers must request this in writing using Form 12277 – Application for Withdrawal.
- Some Taxpayers may qualify to have their lien notice withdrawn if they are paying their tax debt through a Direct Debt installment agreement.
- individuals that owe up to $50,000 can pay through direct debit payments for six years. The IRS may ask for one of two forms: either a Collection Information Statement, Form 433-A or Form 433-F
Offers in Compromise
- An Offer in Compromise allows a taxpayer to settle their tax debt for less than the full amount. Fresh Start expanded and streamlined the OIC program. The program is now available to a larger group of taxpayers. It looks at several factors including the taxpayers income, assets and expenses to make a decision regarding the taxpayer’s ability to pay.
Some questions the IRS will ask are:
- Are you in an open bankruptcy proceeding?
- Have you filed all required federal tax returns?
- Have you made all required estimated tax payments?
- If you are self-employed and have employees, have you submitted all required federal tax deposits?
An Offer in Compromise – OIC – is the only way for qualifying taxpayers to permanently settle their tax debt, interest and penalties for less than the amount they owe. Our clients have erased from $20,000-$940,000 of their individual and business IRS tax debt. The OIC process requires the help of a CPA to call the IRS directly on the client’s behalf. Jay Allen Finn, will act as a liaison between the taxpayer and the IRS to determine the best possible settlement. In fact, Jay is a former IRS Agent and has represented clients for 37 years, winning 95% of the offers he files on the front line and the rest on appeal. He will help you qualify for the best possible offer allowed by law.