| The best negotiation advice ever: Every one walks | | | | the Offer in Compromise to delay paying your debt or |
| away a little "hurt." When fighting the IRS over your | | | | thinks you aren't acting in good faith; they can revoke |
| back taxes, you may feel manacled by the threat of | | | | (return) OIC privileges to settle your back taxes debt. If |
| tax liens, wage garnishments and jail time. But don't | | | | you get on the wrong side of the IRS, the individual IRS |
| worry, a Certified Tax Resolution Specialist knows all | | | | agent has a lot of latitude to decide what they will |
| sorts of expert strategies to give you the tax help you | | | | allow you to do. An experienced Certified Tax |
| need to walk away from the IRS with your money | | | | Resolution Specialist or tax attorney will have threaded |
| and your freedom intact. The trick is partnering with a | | | | that needle hundreds of times before, giving clients |
| Certified Tax Resolution Specialist or a tax attorney to | | | | back tax help without angering the IRS. |
| increase your chances of qualifying for an IRS | | | | Why Some Offers in Compromise are More Likely to |
| payment plan helping you settle your back tax debt for | | | | Get Accepted Than Others Please note that in 2007, |
| the lowest possible amount, and removing bank levies, | | | | nationally, 46,000 Offers were submitted with only |
| tax liens or wage garnishments. | | | | 12,000 or about 26% were accepted. The acceptance |
| The best tax help a Certified Tax Resolution Specialist | | | | rate of a good tax attorney or Certified Tax |
| or tax attorney can offer is to broker an Offer in | | | | Resolution Specialist, on the other hand, may be as |
| Compromise (OIC) settlement. While the IRS web site | | | | much as five times (approximately 90%) the national |
| seems to make it easy to settle your back taxes by | | | | average. Why? Because experienced Certified Tax |
| simply filling out an Offer in Compromise form, Uncle | | | | Resolution Specialists or tax attorneys won't allow |
| Sam's tax help brings serious dangers. Make one | | | | clients to submit frivolous OICs. Sometimes the best |
| mistake and not only will you pay more than you have | | | | tax help a tax attorney or Certified Tax Resolution |
| to, but your very freedom could be at stake. Instead of | | | | Specialist can give is to say "no" to a client that is |
| thinking of it as IRS help, you should look at the Offer In | | | | about to foolishly blow their hard earned money to |
| Compromise form as a plea agreement in a criminal | | | | settle their IRS back taxes. You must financially qualify |
| trial. You are admitting your full back taxes liability in the | | | | and eligible for this program. |
| hopes of a reduced sentence. Is it smart to try to | | | | Last resort: Learn How to File For Bankruptcy |
| broker a criminal plea agreement without the tax help | | | | Correctly to Help Solve Tax Problems and Reduce |
| of a Certified Tax Resolution Specialist or tax | | | | IRS Debt If the IRS rejects your Offer In Compromise |
| attorney? No way! Unless you're a Certified Tax | | | | or denies you the privilege of making one, you still have |
| Resolution Specialists or a tax attorney, leave tax | | | | the right to declare bankruptcy, but even that is tricky |
| settlements and Offers in Compromise negotiations to | | | | without the help of a tax attorney or Certified Tax |
| the experts. | | | | Resolution Specialist. To get the maximum tax help |
| New Offer In Compromise changes you need to | | | | from this drastic step, you have to declare bankruptcy |
| know: The offer in compromise (OIC) application is a | | | | at the correct time to eliminate your back taxes. |
| challenging and burdensome process. The privilege of | | | | TIMING IS EVERYHTING HERE! But what most clients |
| being approved for an OIC closely resembles receiving | | | | (who try this without the tax help of a tax attorney or |
| The $10,000 Formula to Settle your Back Taxes | | | | Certified Tax Resolutions Specialist) don't know is that |
| There is a simple guiding tax help formula about back | | | | to completely discharge your back taxes debt you |
| taxes: If you owe less than $10,000, and you haven't | | | | have to file on the correct date. |
| been in trouble before - you can call the IRS and they | | | | There are 3 general rules to be met to file for |
| will hook you up with a payment plan to be paid in 36 | | | | bankruptcy and discharge income taxes: |
| monthly installments. | | | | 1) The income tax (payroll tax cannot be "bankrupted") |
| How Much Does the IRS Think You Are Worth? An | | | | returns must be 3 years old or older than the due date, |
| offer in compromise is an agreement between a | | | | including filed extensions; |
| taxpayer and the Internal Revenue Service that | | | | 2) The returns have to be filed with the IRS 24 months |
| resolves the taxpayer's back tax liability, usually for a | | | | prior to the petition, therefore Substitutes for Returns |
| fraction of what's owed. The taxpayer must file and | | | | (SFRs) do not count (an SFR must be replaced with |
| pay his taxes on time for the next five years after | | | | an "original" filed return and then wait 24 months). It has |
| acceptance...sort of like Tax Probation. The IRS settles | | | | to be an originally filed return. And it must have been |
| for a lesser amount if there is doubt about the | | | | filed at least two years prior to bankruptcy. |
| collectability of the amount over the remaining | | | | 3) 240 days have to pass from the date of |
| Collection Statute of Limitations vs. what they think | | | | assessment. Date of assessment is usually the date |
| they can collect now. If the IRS determines that | | | | of filing, but if the IRS does an audit and they assess |
| receiving a lump sum now (albeit just a fraction of the | | | | additional tax, that establishes a new assessment date |
| amount owed) would be more than it would cost the | | | | for that year. So it is possible for a taxpayer to have |
| agency, in overhead costs, over the remaining life of | | | | two or more assessment dates for one year. If it's |
| the collection statute, they will accept your offer. | | | | used correctly, income taxes can definitely be |
| The minimum offer amount must generally be equal to | | | | discharged. You need a Certified Tax Resolution |
| (or greater than) the taxpayer's reasonable collection | | | | Specialist, or tax attorney, to properly analyze and |
| potential (RCP). The RCP is defined as the total of the | | | | interpret your IRS tax transcripts and Records of |
| taxpayer's realizable value in real and personal assets, | | | | Account to determine when and if you are eligible. |
| plus his/her future income. A Certified Tax Resolution | | | | So remember, even if you have crushing IRS debt |
| Specialist or tax attorney can find ways to show the | | | | from back taxes with no hope of ever paying it back, |
| IRS that you're not Daddy Warbucks while providing | | | | there are lots of possibilities. A Certified Tax Resolution |
| tax help such as removing wage garnishments and | | | | Specialist or tax attorney has a full arsenal of tax help |
| reducing your back tax debt. | | | | to settle your back tax debt with the IRS on a |
| To Qualify for an IRS Payment Plan or Tax | | | | reasonable payment plan or an offer in compromise |
| Settlement Before your tax attorney or Certified Tax | | | | that pays pennies on the dollar of back taxes owed. |
| Resolution Specialist can make an Offer In | | | | With an experienced Certified Tax Resolution |
| Compromise or negotiate a payment plan with the IRS | | | | Specialist or tax attorney at your back, you can strut |
| to settle your back taxes, you need to come clean | | | | away from the IRS negotiating table with more money |
| and file all delinquent tax returns with the IRS. | | | | in your pocket and no danger of going to the big |
| DO NOT SUBMIT AN OIC TO DELAY OR HINDER | | | | house. |
| COLLECTIONS If the IRS believes you are just using | | | | |