January 2014 – Tax Debt Advisors

Regular Post

Written by Scott Allen

29 January 2014

Making sure you qualify for a Mesa AZ IRS Offer in Compromise

Tax Debt Advisors will make sure you qualify for a Mesa AZ IRS Offer in Compromise before submitting it

To be eligible to file a Mesa AZ IRS Offer in Compromise (OIC) you must have filed all past tax returns or at least have assessments from substitute for returns. The current year return must be filed and full paid. If you are currently in a bankruptcy the IRS will reject your Offer in Compromise application. The IRS has an Offer in Compromise booklet, IRS form 656-B, and a video to help taxpayers who want to file a Mesa IRS Offer in Compromise. This may make it seem that submitting an OIC is an easy process. It is. What is hard is submitting all the information in the format the IRS will seriously consider. Most taxpayers are unable to submit all the Mesa AZ IRS Offer in Compromise forms and calculate the correct OIC amount. The IRS Offer in Compromise reviewers are looking for any information that is incomplete. The easiest way to achieve a successful OIC is to locate an IRS professional who can assist you along the way.

Scott Allen E.A. of Tax Debt Advisors has the experience to stay on top of the process from beginning to end. The IRS Offer in Compromise group has a terrible history of losing, mishandling or reassigning your OIC and it falls “between the cracks.” The OIC group needs a follow call on a regular basis depending on the facts and circumstances and the agent working the OIC. This only comes from experience. Tax Debt Advisors has been representing Mesa AZ clients since 1977. Call today at 480-926-9300 for a free consultation.

– Scott Allen – info@taxdebtadvisors.com

IRS Problems, Offer In Compromise

Regular Post

Written by Scott Allen

27 January 2014

Mesa AZ IRS offer in compromise forms

The two most common Mesa AZ IRS Offer in Compromise (OIC) forms are the 433-A for individuals and 433-B for businesses. There is also a $150 non-refundable application fee and a non-refundable initial payment. You will also have to decide on a payment option. There are two payment options:

Lump Sum Cash: Initial payment must be 20% of the total OIC amount. After acceptance the remaining balance must be paid in five or fewer payments.

Periodic Payment: Initial payment must be 20% of the total OIC amount and continue to pay the remaining balance in monthly installments while the IRS considers your offer. If your OIC is accepted, monthly payments need to be maintained until the agreed amount is paid in full.

If you meet the Low Income Certification guidelines, you are not required to send in the $150 application fee or the initial 20% payment or monthly installments during the evaluation period.

Scott Allen E.A. of Tax Debt Advisors, Inc. has the experience to guide you through the Mesa AZ IRS offer in compromise process from beginning to end. Tax Debt Advisors offers a free initial offer in compromise Mesa AZ review and can be reached at 480-926-9300 to schedule an appointment.

IRS Problems, Offer In Compromise

Regular Post

Written by Scott Allen

15 January 2014

We are Mesa Arizona’s Top IRS Problem Solvers for Successful IRS Solutions, Part 8

The following two quotes from one of history’s greatest military strategist, Sun-Tzu, are important to know to have successful solutions to your Mesa AZ IRS tax problems for wage garnishment, bank levy or unfiled tax returns.

If we can make the enemy show his position while concealing ours from him, we will be at full force where he is divided.
Where at all possible, the commander attempts to defeat the enemy with his careful planning rather than military might.

Let’s discuss each one as it pertains to solving Mesa AZ IRS problems. Scott Allen E.A. will first get a power of attorney to represent you before the IRS. This allows him to gather all information the IRS has regarding you. Before any negotiations have begun, Scott will be prepared with all of the facts, both from the IRS and yours.

The IRS is a formidable opponent but they rely on their power and authority rather than expertise. Scott Allen E.A. knows that with careful planning, the law will be on your side in the end and lead to a successful solution to your Mesa AZ IRS problem matter.

Scott Allen E.A. is aware of the proper strategies needed to help you with your IRS problem whether is be Mesa AZ unfiled tax returns, wage garnishment or bank levy. His company, Tax Debt Advisors offers a free initial consultation with a face to face meeting with Scott Allen E.A. Call now to schedule your appointment at 480-926-9300.

IRS Problems

Mesa Arizona’s Top IRS Problem Solvers

Regular Post

Written by Scott Allen

3 January 2014

How to verify and possibly lower your Mesa Arizona IRS debt

How do you verify and possibly lower your IRS tax debt in Mesa AZ?

If you know you have been behind in filing and/or paying taxes and need to get an X-ray on your Mesa AZ IRS tax debt here is a checklist to follow:

An IRS record of account is the IRS book for each year they claim you owe back taxes. It records all payments as well as any interest or penalties accruing on the balance due.
Consult with a tax advisor on any discrepancies you may feel need to be checked. Your advisor may have good advice on how to apply future payments which you have some discretion over.
If a balance due is from an IRS “prepared” return called a substitute for return, you very likely can file a correct return and lower the balance due.
If you feel a return that you filed was done incorrectly, resulting in a higher tax liability than it should, contact Scott Allen E.A. of Tax Debt Advisors for a free consultation to see if amending your tax return in Mesa AZ will save you money.
On occasion there are good reasons to request an abatement of Mesa AZ IRS penalties. Scott Allen E.A. has the expertise to request abatement of penalties using IRS Form 843.
Consider having a consultation with Scott Allen E.A. of Tax Debt Advisors if you are in trouble with the IRS or need current year tax preparation in Mesa AZ. Scott can be reach at 480-926-9300.

Income Tax Preparation, IRS Levy, IRS Problems