Flat Fee Tax Service, Inc. is dedicated to helping you, the financially struggling taxpayer, with all your IRS income tax debt problems including IRS settlements through the Offer in Compromise program (OIC tax services). As part of our income tax relief efforts, we will help you stop an IRS tax levy, stop an IRS bank levy, file your unfiled missing tax returns, prepare your IRS settlement through the Offer in Compromise program (OIC tax services), or handle your penalty abatement.
Our taxpayer advocate service is available for just $2,050.
IF YOU OWE BETWEEN $10,000 and $99,999 TO THE IRS, OUR INCOME TAX RELIEF TEAM WILL DO THE FOLLOWING:
ALL THIS WORK FOR $2050.00* ($250 initial fee and 09 monthly fee payments of $200 per month and you will be home free).
OFFER IN COMPROMISE (OIC TAX SERVICES) THAT ARE AFFORDABLE FOR YOU.
* If you owe the IRS more than $100,000, we need to charge an additional $1000 because an IRS Revenue Officer will be assigned to your case.
An IRS Revenue Officer will cause us to have more labor hours, so consequently, we need to charge an additional fee).
To resolve your IRS problem, you must restore your rights. This means to stop an IRS tax levy you must first be in good standing with the IRS. If you have delinquent tax returns, your unfiled tax returns will need to be prepared and filed as quickly as possible.
Below are your options regarding the release of an IRS levy:
Having unfiled tax returns (delinquent tax returns) is a serious offense in the eyes of the IRS, and can lead to mounting debt as back taxes and penalties accumulate. The IRS will not stop the collection process until all unfiled tax returns have been filed, and you have paid back all money owed. If you continue to fail to file your taxes, the IRS will proceed with enforcement action against you which could include a levy on your wages, paycheck, Social Security, Social Security Disability (SSDI), veteran's pension and/or your bank account.
1. Criminal Penalties - The penalties for willful failure to timely file tax returns or pay taxes are mentioned at 26 U.S.C. § 7203: Any person required under this title to pay any estimated tax or tax, or required by this title or by regulations made under authority thereof to make an income tax return, keep any records, or supply any information, who willfully fails to pay such estimated tax or tax, make such income tax return, keep such records, or supply such information, at the time or times required by law or regulations, shall, in addition to other penalties provided by law, be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $25,000 ($100,000 in the case of a corporation), or imprisoned not more than 1 year, or both, together with the costs of prosecution.
2. Failure-To-File Penalty - If you don't file by the due date, which includes extensions, you may have to pay a failure-to-file penalty. The penalty is 5% of the tax not paid by the due date for each month or part of a month that the return is late. The maximum penalty is 25% of your tax, but it is reduced by the failure-to-pay penalty for any month in which both penalties apply. You will not have to pay the penalty if you can show "reasonable cause" for not filing on time. If your failure to file is due to fraud, the penalty is increased to 15% for each month or part of a month that your return is late, to a maximum of 75%.
You can expect the IRS to file a Substitute for Return (SFR) - When you do not file, the IRS may file SFR's (Substitute For Return). Most people we speak with think that an SFR is a tax filing. This is partially correct. It is a filing, but generally it is a tax filing with minimal allowable deductions and exemptions which harm the taxpayer. A Substitute for Return is the "assessment" needed in order for the IRS to file Federal Tax Liens and Execute an IRS Wage Levy/IRS Wage Garnishment and/or an IRS Bank Levy. The IRS will show you no mercy if you have unfiled and delinquent tax returns.
Substitute For Returns (SFRs) are prepared and filed pursuant to authority granted the Internal Revenue Service by IRC §6020(b) which authorizes the IRS to prepare an individual income tax return on behalf of the taxpayer. In most cases, the Automated Substitute for Return (ASFR) system is used to evaluate the IRS Master File (MF) information about the taxpayer, and prepare an SFR for a wage earner or taxpayer without other unresolved taxpayer delinquent accounts (TDAs). .
A Substitute for Return (SFR) is put together by the IRS based on their best estimate of what the IRS believes your income was for a given tax year. The IRS will figure in cost of living wage increases and other factors to estimate how much you make and, by extension, how much you owe in back taxes. The IRS will add all relevant fees, penalties, and interest which will likely increase what you owe into a substantial tax debt.
Not everyone is qualified for tax forgiveness under the Fresh Start Offer in Compromise program. A taxpayer must be struggling financially. If you are struggling to get by, if your house has little to no equity and you have few if any assets, then you would be foolish not to look at doing an Offer in Compromise settlement.
The vast majority of people are like yourself. Like you, most taxpayers who owe a back tax debt are honest people who now find themselves in financial trouble through no fault of their own. Taxpayers, like yourself, need help. You need a way to resolve your IRS problem. Having the IRS levy your paycheck or bank account is not the answer to your problem.
Yes you can. Like your tax returns, you can prepare your own Offer in Compromise. We don't recommend it because you have to understand the IRS. The IRS exists to collect money. Although you have rights and there are rules and regulations to benefit you, the IRS is not going to assist you. You are on your own. If the IRS can find any reason to disqualify an Offer in Compromise that has been submitted, the IRS will. The IRS will send your settlement offer back to you as "un-processable." If you fail to "dot an I" or "cross a T" on your offer submission, the IRS will send your Offer back to you without a reason for its rejection. You will never know why the IRS rejected your settlement. Do you know the complete formula for an Offer in Compromise? Probably not. Why would you offer the IRS more than you should? On the other hand, if you try and "low ball" the IRS, they will simply reject your settlement offer and you will have to start the process all over again. If your Offer in Compromise is rejected, your tax debt will immediately go back to the enforcement division of the IRS.
It will be cheaper, faster and more efficient if you have the IRS tax relief team at Flat Fee Tax Service, Inc. provide our OIC tax services for the best settlement offer. Our team, led by experienced IRS Tax Attorneys, has a proven track record of successful settlement offers. When you combine the level of expertise at Flat Fee Tax Service, Inc. with our very affordable fees, our clients receive value that is unsurpassed. We are Accredited by the Better Business Bureau and have a stellar record of achievement. You are in good hands when you become our client.
The IRS may have imposed one or more of the following penalties on you or your business: Failure to File Penalty, Late Payment Penalty, The Penalty for Underpaying Estimated Taxes, The Substantial Understatement Penalty, Penalty for Negligence and Intentional Disregard, Estimated Tax Penalties Introduction and Penalty Relief, Failure To File or Failure To Pay Penalties.
IRS TAX PENALTIES, as set out in the IRS Code, are imposed to "enhance" voluntary compliance. There are over one hundred-forty separate IRS tax penalty provisions.
The most common IRS Civil Law Penalties are:
If you are a financially struggling taxpayer with an overdue income tax debt, you may be eligible to be classified by the IRS as "Currently not Collectible (CNC). When you are placed, by the IRS, in "CNC" status, the IRS will cease collection enforcement such as seizure of your paycheck or checking account. Although the IRS will not levy your wages or take your bank account, the IRS will place a Tax Lien on you and this will affect your credit availability.
During your time in Currently not Collectible status, the Statute of Limitations will continue to run out. It may be possible to "run out the clock" on your income tax debt.
Our IRS tax relief team will work on having a client placed in "CNC" status when that is the best strategy. Please note, if you have no assets such as a 401K, IRA or equity in your home, it would be better for you to do an Offer in Compromise and settle your past due income tax debt "ONCE AND FOR ALL."
Our team will always have your best interest at heart and do what is necessary to resolve your unique income tax problem. Contact Flat Fee Tax Service to find out how to stop IRS tax levy.