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Affordable IRS Tax Debt Relief Solutions + Get a Free Tax Debt Consultation Now+ Christian Tax Relief Services + Greenville, Spartanburg , Anderson, Asheville

We are a Christian tax firm that specializes in IRS tax problems. Whether you owe back taxes, need to file back tax returns or find a solution to particular problem call us today for free initial tax consultation.<><

Please feel free to ask us about our faith.

We have over 200 years of professional tax experience and over 100 years of working directly for the Internal Revenue Service. Since 1982.We know the system.

As former IRS agents and managers we know all the systems to provide you affordable, fast and accurate IRS tax relief solutions.

If you owe back taxes to the Internal Revenue Service there are three programs usually available to those who will back taxes.

 

UNDERSTAND THE IRS PROCESS:

 

After the Internal Revenue Service reviews a current financial statement that must be fully documented, IRS will want to examine your bank statements and pay stubs to verify all the information.

The Internal Revenue Service looks very closely at your income expenses and asset base. IRS applies the national expense standards with that of your income to determine the outcome of your case.

After the review of your financial statement the IRS has the option to put you into a currently not collectible status that may last two or three years, or place you in a payment plan or the possibility of filing an offer in compromise if you qualify based on your assets and income.

It is important to remember that all tax returns must be filed or the Internal Revenue Service will not close your case out.

IRS can use their enforcement power by sending out an IRS bank or wage garnishment levy if you do not follow-up on all dates and final notices.

IRS also has the option of filing a federal tax lien to make sure their interest is secured.

You can call us today for a free initial tax consultation and we will walk you through all the programs based on your current financial condition.

We can insure and guarantee the best possible outcome.

 

With over 200 years of professional tax experience and over 100 years of working directly for the Internal Revenue Service we know every single program ,methodology, and every possible way to get you the best possible tax result.

 

If you need to file your tax returns we can have former IRS agents and managers who worked in the audit division prepare your back tax returns with or without records.

We can make sure you pay the lowest amount allowed by law and if you have no record we can easily reconstruct your tax return and keep them audit proof as well.

Call us today for a free initial tax consultation and hear the truth from the people who truly know the tax business inside and out.

When you call our office, you will speak directly to a true IRS tax expert and not a salesperson. We are A+ rated by the Better Business Bureau and have been in practice since 1982.

There are many companies that say they offer fast and affordable IRS tax relief solutions but what separates us from them our years of experience, our professionalism, our communication and our ability to resolve your case for affordable pricing.

The most important thing that we stress to our clients is for them to understand the process and be part of the solution. When you call our firm you will speak to a practicing Christian who give you the best possible information to resolve your problem so you can move on from the bondage of your tax issue.

 

Affordable IRS Tax Relief Solutions + Get a Free Tax Debt Consultation Now + Christian Tax Relief Services + Greenville, Spartanburg , Anderson, Asheville

 

Former IRS Agents + Get IRS Tax Debt Relief + Bank & Wage Garnishment Levies Released NOW + Christian Tax Service and Tax Relief Firm + Greenville, Spartanburg, Anderson, Asheville

We are a Christian tax firm that specialize in IRS tax problems of all kinds. Call us today for a free initial tax consultation.<><

 

Get your IRS bank or wage garnishment levy released today, as former IRS agents, we know the system we can settle your case at the same time.<><

Get true godly counsel from a christian tax firm, since 1982.

Feel free to ask us about our faith in Christ.<><

 

It’s all about knowing the system the methodologies and understanding what it takes to close your case off the IRS enforcement computer.

Once we have a current IRS financial statement within 24 hours we can keep our promise. We cannot only get your IRS bank or wage garnishment levy released we can settle your case as well.

We simply secure your power of attorney, contact IRS and you will never have to speak to IRS, we handle all the communication.

The IRS bank levy is the chief collection tool of the collection division to collect back taxes on taxpayers that have failed to pay.

How they work is simple, they are generated by the IRS Cade 2 computer, how to stop them you will find out in this blog.

The IRS over the years typically files anywhere between 1/2 a million to a million, both Bank and wage garnishment levies.

Depending on the year, the administration and the amount of revenue needed to fill the IRS coffers these numbers fluctuate from 1/2 a million to 3.5 million.

It requires no manpower for the Internal Revenue Service to actually file an IRS bank levy, it is done systematically out of the IRS CADE2 computer.

The Internal Revenue Service keeps its levy sources by collecting your financial information on their computerized system and recording it over the last six years, yes all 1099, W-2, and any financial institution that has required information to file with the Department of treasury appear on this system.

Also if you have written a check to the Internal Revenue Service in the past six years records that is a levy source as well.

If you have not paid the Internal Revenue Service, a final notice of a bank or wage garnishment levy is systematically filed.

The good news about the IRS bank levy is this, your money is frozen in the bank for 21 days, that is, you have 21 days to contact the Internal Revenue Service and they will issue a release of the bank levy but you have to know how to accomplish that and how to make sure that takes place within 21 days.

If the Internal Revenue Service has sent your bank a tax levy and you wish to get an immediate release, call us today. Since 1982.

We have over 200 years of professional tax experience, over 100 years of working directly for the Internal Revenue Service and our staff is composed of certified public accountants, enrolled agents, and former IRS agents, managers and teaching instructors.

We are true experts in IRS bank levies. As former IRS agents we have filed hundreds and hundreds of bank levies so we know the process of getting immediate releases of the documents.

When you call us we will give you a free initial tax consultation, walk you through the program and not only get you your IRS levy release but settle your case at the same time.

There is a very methodical way to get your IRS levy released.

 

THE HOW TO:

IRS will require a basic financial statement along with documentation and after review decide whether to put you into a currently not collectible, payment agreement or may encourage you to file an offer in compromise.

The Internal Revenue Service will have to be contacted and complete documentation of your current financial statement must be given to the Internal Revenue Service or they will make an immediate determination if the financial statement is complete.

We generally immediately send in a power of attorney for all our clients complete and prepare the financial statement along with the documentation, call the Internal Revenue Service and get immediate releases of the federal bank or wage garnishment levies.

After a review your financial statement we will be able to set up a course of strategy and get your levy released immediately.

As a general rule within 24 hours of receiving your current financial statement we can get your bank levy released by the Internal Revenue Service.

Information you need to know about the IRS bank levy.

A levy is a legal seizure of your property to satisfy a tax debt.

IRS Levies are different from IRS liens.

A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.

Where does Internal Revenue Service (IRS) authority to levy originate? With congress!

The Internal Revenue Code (IRC) authorizes levies to collect delinquent tax. See IRC 6331. Any property or right to property that belongs to the taxpayer or on which there is a Federal tax lien can be levied, unless the IRC exempts the property from levy.

What actions must the Internal Revenue Service take before a levy can be issued?

The IRS will usually levy only after these three requirements are met:

• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);

• You neglected or refused to pay the tax; and

• The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.

The IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.

If you have moved and not let the Internal Revenue Service know, many tax payers find themselves between a rock and a hard place because IRS sends the last final notice to the last filed address on the tax return.

Please note: if the IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.

 

When will the IRS issue a levy or garnishment?

If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or have an interest in.

For instance, the IRS could levy property that is yours, but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions). Or, the IRS could seize and sell property that you hold (such as your car, boat or house).

 

IRS sends out a series of tax notices.

The Internal Revenue Service must send out a series of letters or bills. starting from a simple notice that you owe the money to and including the final notice a taxpayer can get anywhere between 2 to 5 notices depending on the amount and continued clients that may be habitual. IRS always sends out notices to the last known address on tax returns.

What if a levy on my wages, bank, or other account is causing a hardship?

If the levy on your wages is creating an immediate economic hardship, the levy must be released. If the levy on your bank account or other account is creating an immediate economic hardship, the levy may be released.

An economic hardship occurs when we have determined the levy prevents you from meeting basic, reasonable living expenses. In order for the IRS to determine if a levy is causing hardship, the IRS will usually need you to provide financial information so be prepared to provide it when you call.

A levy release does not mean you are exempt from paying the balance.

The IRS will work with you to establish a payment plan or take other steps to help you pay off the balance. To help ensure quick action, please have the fax number available for the employer, bank or other financial institution that is processing the levy.

 

When the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.

The waiting period is intended to allow you time to contact the IRS and arrange to pay the tax or notify the IRS of errors in the levy.
Generally, IRS levies are delivered via the mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.

In the case of a bank levy, funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds you add to your bank account after the date of the levy.

 

IRS Wage Levies may Follow, the 668w

If the IRS levies (seizes) your wages, part of your wages will be sent to the IRS each pay period until:

• You make other arrangements to pay your overdue taxes,
• The amount of overdue taxes you owe is paid, or
• The levy is released.

Part of your wages may be exempt from the levy and the exempt amount will be paid to you. The exempt amount is based on the standard deduction and an “amount determined” calculated in part based on the number of dependents you are allowed for the year the levy is served.

The IRS mails Publication 1494 (PDF) with the levy which explains to your employer how to determine the amount exempt from levy.

Your employer will provide you with a Statement of Dependents and Filing Status to complete and return within three days

If you do not return the statement in three days, your exempt amount is figured as if you are married filing separately with no dependents (zero).

If you have other income sources, the IRS may allocate the exemptions to the other income source and levy on 100% of the income from a particular employer.

 

IRS Levies are different from IRS liens. Important Info

A lien is a legal claim against your property to secure payment of your tax debt, while a levy actually takes the property to satisfy the tax debt.

A federal tax lien comes into being when the IRS accesses a tax against you and sends you a bill that you neglect or refuse to pay it. The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.

You have the right to appeal if the IRS advises you of the intent to file a Notice of Federal Tax Lien. Your appeal rights are explained in IRS Publication 1660, Collection Appeal Rights (PDF).

When filed, the Notice of Federal Tax Lien is a public document that alerts other creditors that the IRS is asserting a secured claim against your assets.

Credit reporting agencies may find the Notice of Federal Tax Lien and include it in your credit report. An IRS levy is not a public record.

Call us today for a free initial tax consultation and speak to a true IRS tax expert regarding your IRS bank levy or wage levy garnishment.

We are one of the nation’s top Christian  defense tax firms.

 

Former IRS Agents + Get IRS Tax Relief + Bank & Wage Garnishment Levies Released NOW + Christian Tax Service and Tax Relief Firm + Greenville, Spartanburg, Anderson, Asheville

A Federal Tax Lien Is Generally Self Releasing After 10 Years + Former Agent Speak

After a 10 year statutory period of time, a Federal Tax Lien is generally  “self-releasing lien ”.

You can find the date on the face of tax lien, it is on right on the face of the lien.

The Internal Revenue Service will not send you a paper release unless you ask. Because of the expense and lack of manpower it is getting harder and harder to actually obtain a paper release.

Our office is well-equipped to get you a paper release of the federal tax lien so you can notify your bank, your creditor and make sure your release of federal lien shows up on your credit report.

Call us today for a free initial tax consultation. We can help make sure you actually get a copy of the actual paper release.

Very few people understand this federal tax lien is self releasing.

As a matter of fact if you do not work in this industry people have struggled to convince people their statutory period of time is over.

When you call us will explain the process obtain a copy of the release of federal tax lien so you can move on with your life and get your credit back in order.

 

IMPORTANT RELEASE INFORMATION FOUND ON THE FEDERAL TAX LIEN

For each assessment listed below, unless the lien is refiled by the date given in column(e), this notice shall, on the day following such date, operate as a certificate of release as defined in IRC 6325(a).”

The general statute of limitation. On a federal tax lien is 10 years from the date of assessment.

I am a former IRS agent and teaching instructor.

I can review your case file with you to determine the period of time to determine whether your tax debt has already been forgiven and that you can obtain a release of the federal tax lien.

To find out the official period of time that is left on your statute you will need to pull an IRS tax transcript, we can help with the process and evaluate the transcript and let you know your official statutory time left that IRS has to collect back taxes.

The Internal Revenue Service has a statute of limitations based on the amount of time in length that IRS has to collect a back tax debt.

The Internal Revenue Service cannot voluntarily extend the statute of limitation on their own, conditions must exist.

The general rule, there is a ten-year statute of limitations on IRS collections.

For 90% of all taxpayers the tenure statute of limitation of 10 years will probably be the rule of thumb.

The main the exceptions to the rule that extend the statute of limitations you will find below.

We have over 65 years of professional IRS work experience and are experts in determining the dates of assessment and the point in time in which IRS will forgive a tax debt.

This 10 year period begins from the date of the assessment.

 

WHAT IS THE IRS DATE OF ASSESSMENT

 

It is important to know the date of assessment begins when the IRS accepts your tax return on their computerized system, CADE2.

The assessment is the statutorily required recording of the tax liability.

Assessment is made by recording the taxpayer’s name, address, and tax liability, so forth and so on

The assessment date is the 23C date or 150 date.

You can find of those on your tax transcripts. We are experts in reading tax transcripts and establishing your legal date of assessment.

The 23C date is the Monday on which the recording of assessment and other adjustments are made in summary manner on Form 23C and signed by a Service Center officer.

As a general rule it can be anywhere from five days to six weeks from the day you actually filed your tax return. A lot is dependent whether you e-file or send it in manually by snail mail to the Internal Revenue Service.

To find out what your date of assessment is it will be necessary to pull an IRS transcript to officially verify the date. without an official IRS tax transcript is impossible to determine

Your assessment date. as clients a Michael D. Sullivan, Former IRS Agent we can provide all this necessary information to you and help determine the official date of assessment to find out if the statute of limitations has expired on your IRS tax debt.

Exceptions to the ten-year statute of limitations rule apply.

 

Bankruptcy

The CSED, in a case under the Bankruptcy Code, is suspended while the Service is prohibited by reason of the case from collecting, and for six months thereafter.
Judgment/Litigation

Per IRC 6502(a), a court action brought against the taxpayer prior to the expiration of the collection statute extends the period to collect until the tax liability or judgment against the taxpayer is satisfied or becomes unenforceable.

Suit to Reduce Assessments to Judgment

In order for a suit to reduce the assessments to judgment and suspend the collection period, it must be filed prior to the CSED. The filing of a suit will suspend the collection statute during litigation

 

Collection Due Process (CDP)

The CSED is suspended from the date the Service receives a timely filed request for a CDP hearing to the date the taxpayer withdraws their request for a CDP hearing or the date the determination from Appeals becomes final, including any court appeals.

If 90 days is not remaining on the statute of limitations when the determination becomes final, the statute of limitations is extended to equal 90 days.

The collection statute is not extended for equivalency hearings.

 

The Offer In Compromise

For offers pending prior to January 1, 2000, the CSED extension was affected by Treasury Regulation § 301.7122–1(f) (1960). Under this regulation the practice of the Service generally was to obtain from the taxpayer a waiver of the CSED for the period the offer in compromise was pending, while any installment of an accepted offer remained unpaid, and for one additional year thereafter.

For offers pending prior to January 1, 2000, a waiver of the CSED cannot extend the CSED beyond either December 31, 2002, or the original CSED, whichever is later, pursuant to section 3461(c)(2) of the IRS Restructuring and Reform Act of 1998 (RRA 98).

For offers pending on or made after December 31, 1999, suspensions of the running of the CSED in the offer in compromise context are governed by statute, specifically by IRC 6331(k)(1) and (3).

Under these provisions, the Service is prohibited from levying, and the CSED is suspended

While an offer is pending with the Service,

For 30 days immediately following rejection of the offer, and

For the period that a timely filed appeal of a rejection is being considered in Appeals.

CSED extensions for the period of time “while any installment remains unpaid” and “for one additional year thereafter” are eliminated.

 

Installment Agreements – Partial Payment Installment Agreements With Form 900, Tax Collection Waiver

Form 900, Tax Collection Waiver, is only executed in connection with the granting a partial payment installment agreement and only in certain situations.

Waiver Procedures for Partial Payment Installment Agreements. IRS policy dictates that a Form 900 be limited to no more than five years, plus up to one year to account for changes in the agreement. Note:Prior to July 2005, IRS policy permitted CSED extensions in conjunction with all installment agreements.

 

Effective March 9, 2002, the CSED is suspended during:

The time the proposed installment agreement is pending,

Thirty days following the rejection of a proposed installment agreement,

Thirty days following termination of an installment agreement, and,

Any appeal of the termination or rejection of the installment agreement.

Note: This change is not retroactive. The suspension of the running of the collection statute is during the time that a levy is prohibited. The CSED is not suspended while an installment agreement is in effect.

 

Relief From Joint And Several Liability On Joint Returns/Innocent Spouse

Collection by levy or a proceeding in court against a spouse is suspended for the requesting spouse when he or she makes a qualifying request under IRC 6015(b), and/or IRC 6015(c).

Collection is suspended for claims filed under IRC 6015(f) if the liability was unpaid as of December 20, 2006, or the liability did not arise until after December 20, 2006. For more information see IRM 25.15.1.8, Statute of Limitations on Collection.

The collection period is suspended from the filing of the claim until the earlier of the date a waiver is filed, or until the expiration of the 90 day period for petitioning the Tax Court, or if a Tax Court petition is filed, when the Tax Court decision becomes final, plus, in each instance, 60 days.

If a request for relief is made in response to collection due process procedures, there is also suspension of collection activity and the collection period provided for by IRC 6330(e) for the period during which any administrative hearings, and appeals therein, regarding the levy are pending.

The rules for suspension under IRC 6330 differ from IRC 6015.

In general, the latest suspension of collection and the collection period should control, which may require analyzing the suspension under both IRC 6015 and IRC 6330 where relief from joint and several liability is requested as part of an IRC 6330 hearing.

If the requesting spouse signs a waiver of the restrictions on collection, the suspension of the period of limitations on collection against the requesting spouse will terminate 60 days after the waiver is filed with the Service, limiting the CSED extension to the period from when the claim was filed to the time the waiver was signed, plus 60 days.

A request for reconsideration is not a qualified request for relief for purposes of Treasury Regulation §1.6015-1(h)(5), and does not trigger the restrictions on collection pursuant to section 6015(e)(1)(B) or the suspension of the collection period of limitation under section 6015(e)(2).

 

Taxpayer Living Outside the U.S.

The period of limitations on collection after assessment is suspended while the taxpayer is outside the United States if the absence is for a continuous period of at least six months per IRC 6503(c) .

To make certain that the Government has an opportunity to collect the tax after the taxpayer’s return, the period does not expire (where the taxpayer has been out of the country for six months or more) until six months after the taxpayer’s return to the country.

As the application of this provision can result in the CSED being suspended for a very long time, policies for the administration of this code section are now established.

Call us today for a free initial tax consultation we will be able to pull your transcripts and determine the length of time that IRS has to collect your back tax debt.

If your time that has expired we can help obtain a paper copy of the release so you can free up your finances and credit report.

Remember after 10 years the IRS federal tax lien self release call us today to learn more.

Have any questions? Call us today for a free initial tax consultation and hear the truth about the self releasing federal tax lien.

IRS TAX PROBLEMS ON BACK DEBT DONT GO AWAY BY THEMSELVES, former irs

 

As a former IRS agent I can tell you many taxpayers are like ostriches, they hide their head in the sand hoping the IRS will lose your case file.

 

I can tell you that will never happen. At some point in time if you owe back taxes you will have to deal with your IRS problem.

 

If this is the case it’s best to be assertive, have a definitive plan and hire a true tax professional who can handle the problem so you can move on with your life and never have to worry about the mail, knock on the door, a levy at the bank, or your wages gone at work.

The bottom line is, IRS isn’t going away. You have to make them go away.You must have a plan of action to successfully deal with back IRS tax debt. There is a way, there is a system, and there are affordable options to take care of this problem once and for all.

 

There are various means of paying back taxes to IRS.  As former IRS agents we will explain your options.   As a former IRS agent and teaching instructor with IRS , more attention is given to taxpayers who owe larger dollars to the IRS.

Success comes by knowing the system and understanding what it takes to close an IRS case.

 

IRS takes a closer look at all cases large dollar especially the financial statements, the IRS is looking for the ability of the taxpayer to pay the back tax. As a former IRS agent this was part of my job.

One of the first tasks of IRS is to make sure all back tax returns are filed and current in the system.

IRS will not close out any open taxpayer inventory case unless all back tax returns are filed and the taxpayer is current on estimated tax payments or their withholding is up-to-date.

IRS is a stickler on this because they don’t want the problem of the back tax debt recurring.

 

So how will IRS work your case?

 

The Internal Revenue Service will ask the taxpayer to fill out an IRS form 433A. Sometimes the IRS may ask for a form 433F.

You can find that on our site or on the government site.

IRS will expect that form to be fully completed fully documented along with copies of the last six months bank statements, copies of all monthly expenditures,bills and a copy of pay stubs. This current financial statement is the key to working your case and the key to success.

IRS will conduct a thorough review on that financial statement.

After this review of the financial statement the Internal Revenue Service generally has various buckets of closing programs that the taxpayer can be put into as a result of their current financial statement.

The importance of filling out your financial statement and giving it to IRS is the key to success and failure. I could never tell you how important the financial statement as it will determine the outcome with Internal Revenue Service.

Bucket One.

Currently uncollectible or hardship cases

If the Internal Revenue Service looks at your current financial statement and determines that your expenses exceed your income and you fall within the necessary means test, IRS can place your case in this non-collectible status.

There is good news and bad news within the status.

The good news is IRS will probably suspend your case between one and three years and kick it out for review a couple of years later, the bad news is the penalties and interest still run and the debt gets larger.

Bucket Two.

Installment agreements or monthly payments

If after the Internal Revenue Service looks at your current financial statement and they determine that you have more income than the necessary standards of meeting tests, IRS will ask for a monthly payment based on that financial statement. Hiring a tax professional can assure that IRS does not grab more money than necessary on or review of your financial statement. There are different monthly installment agreements and we will review with you your options upon your free consultation.

Bucket Three.

Offer in compromise

This is called the pennies on a dollar program that you see advertised on TV however the offer in compromise is not for everyone.

I am a former IRS agent and teacher of the offer in compromise.

Approximately 32,000 taxpayers a year can settle their debt for pennies on the dollar, the average settlement is $9500 a year and I caution and warn taxpayers who submit offers in compromise to go through the IRS pre-qualifier tool to find out if they can truly settle their tax debt.

As a former IRS agent I carefully will walk through your financial statement and if you have any chance of being accepted for the offer I will walk you through the program and submit the offer in compromise.

Bucket Four.

Statute of limitations

IRS has 10 years to collect on their back tax debt, the period starts from the date of the assessment. The date of the assessment is the time that IRS had to put your case on the computer at the start the billing process. Various factors will extend the statute such as bankruptcy, the filing of the CDP, or the filing of offer but as a general rule after the 10 year date of assessment date your case goes away by federal statute,

Bucket Five

Bankruptcy.

Yes, Bankruptcy, many taxpayers are unaware that you could file a bankruptcy, a chapter 7 the discharger debt. As a general rule the taxes have to be three years or older, assessed for more than 240 days and the tax returns have to be filed for at least two years. there are also different chapters in bankruptcy such as an 11 and 13 that a taxpayer can be qualified by speaking to a true bankruptcy expert.

 

When you call our office we will walk you through the various programs after review of your current financial statement.Like I said before this is a critical form that IRS is using to determine the outcome of your case.

Please keep in mind that you owe over $50,000 the IRS spends a little more time in research in looking at your case.

Many agents will Google your company business or individual self, they will pull up search engine reports to find out about assets or financial histories, check out insurance policies, courthouse records, and credit reports, before they make a determination.

The credit card companies are an excellent source to run down assets, loans and find out monthly payments that you were making.

Call us for a free initial tax consultation and we will walk you through the process of dealing with the Internal Revenue Service. We are true IRS tax debt experts on back taxes, unfiled tax returns, and IRS tax debt negotiations.

 

 

IRS TAX PROBLEMS ON BACK DEBT DONT GO AWAY BY THEMSELVES, former irs

Former IRS Agent + Tax Services + IRS Tax Defense + IRS Representation + Free Consults

Michael D. Sullivan     Former IRS Agent, Teaching Instructor, Former Fox Business News Contributor

 

If you are in need of a free tax consultation because of any IRS matter, call us today and we can provide the necessary tax services to help rid you of any IRS situation you are going through.

We are a full service tax defense firm for any IRS collection audit or appellate matters.

Since 1982, we have represented thousands of clients and are true experts and specialists and IRS problems.

Call us today for a free initial tax consultation. We are the fast, friendly, and affordable professional tax firm.

Successful results does not come by luck or chance it comes with true IRS tax experience.

 

Resume:

Michael D. Sullivan  had a distinguished career with the Internal Revenue Service for 10 years. As a veteran IRS Revenue Officer / Agent, he served as an Offer in Compromise Tax Specialist and Large Dollar Case Specialist. He also collaborated with the U.S. Attorney’s office on undercover operations. Michael received several awards for his work and dedication as a IRS Agent.

During his tenure with the IRS, he was a Certified Tax Instructor who taught out of the Atlanta Regional IRS Training Offices. He also taught out of the local and district offices of the IRS. Mr. Sullivan trained many of the new IRS Agents.

Michael has been in private practice for the last 35 years in the field of Taxpayer  Consultation for IRS Audit and Collection tax resolution issues. He often consults with corporations and individuals, which involves a wide range of tax issues.

Michael has worked many large complex cases for high net worth individuals and large corporations. Mr. Sullivan is a committed professional with dedicated involvement in the tax profession community as a frequent speaker on the South Florida circuit and also served as an officer and on the Board of the Greater South Florida Tax Council. Michael has been the program host and moderator for several Internal Revenue Service forums both in the public and professional sectors.

Mr. Sullivan is also registered with the Department of Business and Professional Regulation and has an approved class for IRS Collection Matters for Certified Public Accountants and Attorneys. Course # 0012279 expires 11/04/2019.

Mr.Sullivan also have course approval from the Florida Bar P1708462N to the members attorney and law firms who have need CPE credit for  “IRS Tax Resolution”.

 

Mr. Sullivan has been a featured speaker in the credit card industry, student  loan and the debt settlement vertical as well. He also was one of the featured speakers at the Latino Tax Fest which also featured Nina Olsen, Nation Taxpayer Advocate.

Mr. Sullivan has also appeared on FOX BUSINESS NEWS

http://video.foxbusiness.com/v/4147654259001/tips-for-getting-through-to-the-irs/?#sp=show-clips

Mr. Sullivan has also been on NBC News, Houston

In addition, he has also contributed to Bloomberg News and the Wall Street Journal, Laura Davison, Brody Mullins.

 

Michael graduated from St. Thomas University with a B.A. in Pre-Law. He also has attended Knox Theological Seminary.

Mr. Sullivan has obtained a Life Time Achievement Award for Little League Baseball and currently sits on the International Board for the Walk to Emmaus. Michael also is a proud member of the Life Work Leadership program.

Mr. Sullivan was the former District Leader of the United Methodist Church, SE District for the Florida Conference and served on the Board of Lay Ministry.

Michael is very active in the various ministries of his church where he can be found leading and teaching Biblical Studies. He has been the Southeast Florida District Lay Leader of the United Methodist Church and the Florida Annual Conference.

Mr. Sullivan also appeared on Net Grace FM, for the Christian Business Weekly show.

Mr. Sullivan has also received  and been awarded “The Diocesan Synod Grand Patroit  Diocese Award” in Lagos. Nigeria.

Mr.Sullivan also sits on the The Mobil 1 Twelve Hours of Sebring International Raceway Advisory Council (SIRAC).

He is also an avid bass fisherman, has a commercial racing license, and can be found on occasion skydiving. He has also coached 12 of Little League Baseball, JV Football at Cardinal Gibbons High School, Roller Hockey, Flag Football, Soccer and Basketball.

*Mr. Sullivan has been in private practice since 1982 in South Florida which gave roots to Michael D. Sullivan, Former IRS Agent LLC. The firm began as Sullivan & Powell PA and through the years transitioned to its now current form.

 

How IRS Works The Offer in Compromise + Michael D. Sullivan, Former IRS Revenue Officer, Free Consult

 

How IRS Processes the Offer on Compromise, Former IRS Agent, Michael D. Sullivan

 

Being a former IRS agent and teaching instructor of the offer in compromise there are so many myths about the program it’s hard to keep up with. Don’t shoot me I am  just a messenger.

When I worked at Internal Revenue Service there were few offers in compromise filed and then due to all the advertising the Internet and social media the offer in compromise program of the Internal Revenue Service has swelled into a beast and many taxpayers have the completely wrong idea about the offer in compromise program. if everyone could settle their debt with the Internal Revenue Service there would be lines around the United States to get in government buildings to settle their tax debt however there are strict standards for IRS settlements and if it was so easy it would compromise and cripple the economy of the United States. There is a very specific program for taxpayers to get their tax debt forgiven by the Internal Revenue Service. Below you will find some of the concerns the myths and tips in filing an offer in compromise.

MYTH

The majority of calls that I get or from taxpayers that believe that IRS is going to settle their tax debt because of the ads they see on TV the Internet and various marketing techniques.

While the offer in compromise is a true program offered by the Internal Revenue Service, approximately 32,000 Americans get their offers in compromise approved by Internal Revenue Service because they are true qualified candidates for the program.The majority do not get accepted.

The average settlement is $6500 per case in approximately 32% of all offers in compromise are accepted by the Internal Revenue Service.

Unfortunately there are many IRS debt settlement companies that take cases, make promises and their clients offer have no chance of going through the IRS system to settle their tax debt.

Many of these companies charge thousands of dollars and I hear all the stories as people call me after other companies have failed to perform. I warn any taxpayer who wants to hire a company to speak to the person who will be working their case before giving their money to any IRS debt settlement company. You should find out how many offers they have worked and get a gut feeling about what you think their level of expertise is. I would also suggest that you speak to somebody who’s worked for the Internal Revenue Service and knows the program inside and out.

Everybody should know that the Internal Revenue Service has an offer and compromise pre-qualifier tool and if they do not call a professional company they should walk through the pre-qualifier tool on IRS.gov.

So how does the offer in compromise get process through the Internal Revenue Service.

First of all, a reviewer looks at the offer to make sure the offer can be referred to a revenue officer. The offer in compromise must from a technical standpoint be filled out completely have all signatures and all key elements of the 656 in place.

The reviewer then pulls up a transcript to make sure all the tax returns have been filed. If the offer in compromise is not filled out correctly all tax returns not filed, the reviewer sends it back to the taxpayer.

Once it passes the test of the reviewer, the offer is then passed on to a revenue officer specialist who has been trained by the Internal Revenue Service what to look for and what can be accepted by the Department of treasury.

 

KEEP IN MIND

The offer in compromise is a binding contract or covenant between the Department of treasury and the taxpayer and is a true legal settlement and document.

Once the revenue officer who is the offer in compromise specialist looks at the financial statement that person will get a general sense of how they feel about the offer in compromise.

 

A GOOD OFFER TIP

Put a letter or an accompaniment document letting the reviewer know from the beginning why your client or taxpayer needs to have this offer accepted and any extenuating circumstances that may exist.

 

BIG OFFER TIP

 

It puts a idea in the mind of the revenue officer of the desperate situation that the taxpayer is going through. The reason this is important is that the revenue officer is only looking at a piece of paper is removed from the reality of the taxpayer.

The job of a true practitioner is to help your client.

So you must make the situation real to the Internal Revenue Service as to understand the effects of the burden of the tax liability.

As a former IRS agent revenue officer I would look at the offer, glanced through, it look at the numbers, look at the written statement and kinda have a feeling about the offer in compromise. It is very important for that initial review to ge well, the IRS offer specialist feel good about working the offer in compromise, it sets the tone.

Please keep in mind it is much easier for a revenue officer offer in compromise specialist to reject the offer in compromise because there is a lot of process work and due diligence that a person must do to accept the offer in compromise.

Not only do you as a revenue officer have to approve the offer but so does your manager, the regional manager and so does the district council of Internal Revenue Service for legal purposes.

Many people ask why this process is so extensive and why so much time is spent.

The answer is quite simple, all offers in compromise that are accepted by the Internal Revenue Service are open to public review for one year at certain regional tax offices so the public can review offers in compromise and see which cases IRS accepts and which cases they do not.

So you can expect the Internal Revenue Service to be very cautious and more importantly use the same standard to accept every single offer in compromise. Appearance is very important to the Internal Revenue Service

Once the revenue officer starts looking at the financial statement they pay a lot of time to three main things:

1.the assets,

2.the income, and,

3.the expenses claimed by the taxpayer.

 

ASSETS

The revenue officer wants to make sure that they’re getting their full liquidated value as part of the basis for settlement to Internal Revenue Service.

IRS will discount your residence approximately 20% but IRS generally will never settle for less than full liquidation value of the assets of any taxpayer and/or business.

Also keep in mind assets includes IRAs, pensions, stocks, and values of businesses that the taxpayer may own.

Next the revenue officer will move on to the expenses claimed against income.

The revenue officer will compare the national, regional, and geographical standards of the cost-of-living are in every region of the United States and compare that to the income.

The IRS’s job is to make sure that the taxpayer is living well within their means before they will accept an offer in compromise.

The goal of the Internal Revenue Service is to make sure the taxpayer has to borrow money from third-party to pay the offer in compromise and to settle their tax debt. Any money in possession of the taxpayer in any savings account or checking account generally must be included in the offer in compromise.

( please keep in mind that exceptions exist in certain cases.)

Once the revenue officer is pretty certain that this is a doable or acceptable offer, it puts the offer through a series of financial tests to make sure the documentation on the financial statement is correct.

The IRS agent will spend approximately 20 to 40 hours to work an offer in compromise.

The Agent will do Google searches to check businesses and an individual’s name to find out if there are assets, it will use the accurate search engine to look for back assets, it will pull DMV records, pull courthouse records, and will use other search engines to make sure that this offer can be acceptable by the Internal Revenue Service.’s

One of the great sources that IRS can use is a credit report.

There is a plethora of information on a credit report and on large cases the revenue officer can and will pull a credit report up.

After the revenue officer is convinced this is a doable offer they will package up the case and send it to the manager for review and acceptance .

 

ANOTHER BONUS TIP

A taxpayer can file as many offers in compromise as they wish. Many times if an offer in compromise is rejected the first time the taxpayer should find out why the offer was rejected fix the errors or problems and resubmit the offer in compromise after a period of time when the problems and issues from the first offer have been resolved. learn your lessons from the first rejection and make them successful the second time around.

 

What to Do if the Offer is not accepted.

 

Keep fighting, do not give up!

In almost all cases we send an appeal and to get it to a third-party who is not connected with the collection division.

We love the sending cases to and appellate officer who was a better and more balanced person to accept the offer in compromise.

If you have any question about your case or like us to review your offer in compromise or process it call us today for a free initial tax consultation.

You will hear the truth about the offer in compromise.

Call me today for a free initial tax consultation I will walk you through the program of the offer in compromise.

How IRS Works The Offer in Compromise + Michael D. Sullivan, Former IRS Revenue Officer, Free Consult