Written by Scott Allen

Mesa AZ IRS Offer in Compromise

View an accepted Mesa AZ IRS Offer in Compromise below

Scott Allen EA of Tax Debt Advisors successfully negotiated a Mesa AZ IRS Offer in Compromise for one of his clients. This client came in owing the IRS $334,340.83 for 2009, 2010, 2011, 2012, 2013, & 2014.  An Offer was submitted in August 2015 for $9,456.00 to settle the debt in full. That is about 2.8 cents on the dollar.  As required they submitted the offer with the 20% down payment of $1,891.20.  The remaining 80% is due upon acceptance.  View the two pages below showing Scott Allen EA as the taxpayer’s Power of Attorney and the IRS approving and accepting the Offer in Compromise submitted.

Mesa AZ IRS Offer in Compromise

Mesa AZ IRS Offer in Compromise

Mesa AZ IRS Offer in Compromise

Mesa AZ IRS Offer in Compromise

The most difficult part to an IRS Offer in Compromise is qualifying for it.  Taxpayers will come in and visit with Scott Allen EA thinking they can shop for an Offer with the IRS.  Contrary to advertisements on the TV, internet, and radio this isn’t the case.  Only about 2-3% of taxpayer are even a candidate to settle their debt through an Offer in Compromise (aka “fresh start program”).  This option is only one of the six different settlement options available to you.  Its important to understand and review all options before considering an Offer in Compromise.  After its been determined that you are in full compliance with the IRS and that you are a viable candidate for an IRS Offer then Tax Debt Advisors will take you down that road step by step.  They will only take on your case if it is in your best interest.  To get your IRS debt situation evaluated with Scott Allen EA give him a call today at 480-926-9300.  He will make today a great day for you.

Tax Debt Advisors, Inc is a local family owned and operated business since 1977.

Written by Scott Allen

Find out how you can settle IRS debt in Phoenix AZ

What ways can you settle IRS debt in Phoenix AZ?

Edward utilized currently non collectible status as his way to resolve his IRS debt.  By using the services of Scott Allen EA, Edward was able to stop all collection activity from the IRS, file his back tax returns, and aggressively negotiate a currently non collectible status.  View the document below to see the actual approval letter directly from the IRS.

Settle IRS Debt in Phoenix AZ

Settle IRS Debt in Phoenix AZ

Scott Allen EA meets with clients on a daily basis who want to settle IRS debt in Phoenix AZ.  They share, “Scott, I owe the IRS $30,000, I am paying $500 a month and this debt doesn’t seem to be going anywhere.  I just want to settle it”.

While it may seem at $500 a month your debt is not going anywhere; in actuality it is.  It is just going to take four or five years.  The IRS has 10 years to collect a debt from when the debt was assessed.  According to the IRS guidelines, if you can pay your IRS debt back within a reasonable period of time you are not going to see a reduction of that debt in most cases.  For those taxpayers that do, the program is called an offer in compromise.  If accepted, the IRS has determined that the taxpayer cannot pay off the debt within the remaining statute of limitations and they would be better off accepting a lump sum settlement today.  For those that qualify this is a fantastic deal.  Based upon recent statistics only about 3% of taxpayers qualify for this offer in compromise program.  For the other 97% of us, we are left with the rest of the settlement options available.  Scott Allen EA has successfully negotiated installment arrangements and currently non collectible status’s for the past 10 years.  Many clients have been able to qualify their taxes to be discharged in bankruptcy as well.

To be evaluated in ALL the ways to settle IRS debt in Phoenix AZ give Scott Allen EA a call today.  This is his niche and his expertise. He can be reached at 480-926-9300.

Thank you.

Written by Scott Allen

Scottsdale AZ IRS Debt Settlement complete

Tired of not seeing your Scottsdale AZ IRS debt settlement get done?

Scott Allen EA of Tax Debt Advisors provides actual and practical results for his Scottsdale AZ clients.  Below is just one recent example of one of his successes.

Scottsdale AZ IRS Debt Settlement

Scottsdale AZ IRS Debt Settlement

When he came in and met with Scott his taxes were a mess.  He was caught up in the real estate “boom and bust” and was behind on his taxes by over $500,000 for several years.  He had attempted an IRS offer in compromise on his own unsuccessfully.  After he brought Tax Debt Advisors on to represent him it was determined by a number of circumstances that he was not a viable candidate for a successful IRS offer in compromise.  But by strategically making a game plan the taxpayer was able to delay IRS collections long enough to allow time for a Chapter 7 bankruptcy to be filed and get $440,000 of the debt completely discharged thru a tax motivated bankruptcy.  Not many people even know personal taxes are dischargable, but yes they are!  It happens every week with Tax Debt Advisors.  After the bankruptcy was finalized and closed out Scott Allen EA negotiated a payment plan for the client of $1,000 a month, no tax lien to be filed, and no further reviews of his case as long as he remains in compliance. The difference a year can make.  By following the advice of Scott Allen EA this taxpayer was about to “settle” his IRS debt of $500,000 for only $60,000 by using two different settlement options of bankruptcy and installment arrangement.

This is just one example of when proper representation worked to the taxpayers advantage.  He thought the only way someone could resolve an IRS debt was through an offer in compromise.  It turns out that wasn’t the best option for him. Start being told the truth about IRS resolution work today.  Call and speak personally with Scott Allen EA of Tax Debt Advisors.

scottsdale az irs debt notice

Let Scott Allen EA rip up those IRS notices

Written by Scott Allen

Mesa AZ IRS payment plan accomplished

Tax Debt Advisors just accomplished a Mesa AZ IRS payment plan for their client, Stanley.  They were able to push the payment plan out to not start for about 60 days from the acceptance to allow the taxpayer ample time to prepare for the agreement.

Mesa AZ IRS payment plan

Mesa AZ IRS payment plan

Tax Debt Advisors is a tax debt resolution company that handles all sorts of IRS problems.  Many of those problems results in negotiating a Mesa AZ IRS payment plan.  You may be wondering why didn’t the client do an Offer in Compromise.  Statistics show that only about 3% of taxpayers with an IRS debt qualify for an Offer in Compromise.  Scott Allen EA of Tax Debt Advisors had evaluated the clients financial and determined ahead of time that that client would not qualify for an IRS offer.  They taxpayer’s income was too high and could afford to pay off his IRS debt within a reasonable period of time.  Because of that an IRS offer would never get accepted.  There is no reason to go down that route and expense of attempting an offer if  it can be discovered at the beginning that you are not a viable candidate.

Whatever the size of your IRS debt or if you have unfiled tax returns Scott Allen EA will be able to assist you from beginning to end.  Tax Debt Advisors has settled over 108,000 IRS debts since in 1977 many of those by the use to setting up a Mesa AZ IRS payment plan.  Don’t procrastinate getting the IRS off your back just like what Scott Allen EA did for Stanley.  He can do the same for you.  Set up that initial consultation with him today by calling 480-926-9300.

To learn more about the process to “settle up” with the IRS go to Scott Allen EA’s website about the IRS Settlement Process.

 

 

Written by Scott Allen

What to do if your Phoenix AZ IRS offer in compromise is accepted or rejected?

Tax Debt Advisors, Inc.—What to do if your Offer in Compromise is Accepted or Rejected

Acceptance

  • You must comply with all Offer terms listed in Section 8 of IRS Form 656.  This includes filing all tax returns and making full payment on time.
  • If you have any refunds within the calendar years your offer is accepted, that refund must be applied to the tax debt.
  • Notice of Federal Tax Liens will not be removed until all of the IRS offer in compromise terms are complied with.
  • Your Phoenix AZ IRS offer in compromise is a matter of public review.
Rejection
Scott Allen E.A. of Tax Debt Advisors, Inc. is available if your IRS offer in compromise in Phoenix AZ is rejected.  Tax Debt Advisors, Inc. has represented clients with the IRS Office of Appeals since 1977. Call for a free initial consultation at 480-926-9300

Tax Debt Advisors, Inc – 3155 E Southern Ave  #101  Mesa, AZ  85204

 

Written by Scott Allen

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.

info@taxdebtadvisors.com

Written by Scott Allen

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.

scott allen ea

Written by Scott Allen

10 Proverbs to remember if you need to Solve your IRS Debt in Mesa AZ

Proverbs reflect the accumulated wisdom, prejudices and superstitions of the human race.  Even though they come from many different lands and cultures, the ideas they express are common to all people.  We should at least be familiar with them so that when someone uses one, we will know what they are talking about.

  • Absence makes the heart grow fonder—Persons, places, or things become dearer to us when they are absent.
  • Actions speak louder than words—People are more impressed with our sincerity if we act on our beliefs than if we merely talk about them.
  • All for one and one for all—All the members of a group support each of the individual members, and the individual members are pledged to support the group.  This is best known as the motto for the three musketeers.
  • All that glitters is not gold—Things that appear on the surface to be of great value may be quite worthless.
  • All work and no play makes Jack a dull boy—A person who never takes time off from work becomes boring and bored.
  • All’s fair in love and war—People in love and soldiers in wartime are not bound by the rules of fair play.
  • All’s well that ends well—Problems that occur along the way do not matter as long as the outcome is good.
  • Any port in a storm—In an emergency, we will accept help from any source and in any place, even from an unpleasant person.
  • Army marches on its stomach, An—To be effective, an army relies on good and plentiful food.  This saying is attributed to Napoleon Bonaparte.
  • Bad news travels fast—People are quick to discuss the misfortunes of others.
Why did I bother to share these proverbs with you?  How does this relate to solving your Mesa AZ IRS debt?  I believe that solving and IRS debt in Mesa AZ is more then just filling out forms and making phone calls.  A Mesa AZ IRS debt that needs to be solved occurs because something non related becomes such a big burden that the last things a taxpayers wants to face is paying the IRS or filing a tax return.  Once we can help our clients discover what that is then we can begin to successfully solve their Mesa AZ IRS debt and not have it reoccur again.  The favorite part of my job is seeing the relief in my clients eyes and the smile on their face when we have accomplished the victory.  To learn more about solving your IRS debt in Mesa AZ visit the main part of my website or feel free to give me a call to schedule a free initial consultation.
Thank you.

 

Written by Scott Allen

Mesa’s Tax Debt Advisors will help you understand the IRS offer in compromise process

While your Mesa AZ IRS Offer in Compromise (OIC) is being reviewed:
  • Your application fee and payments will be applied to the tax liability.  These payments are non-refundable.  You have the option of designating what tax year you want the payments to be applied too.
  • The IRS may file a Notice of Federal Tax Lien to protect their interest in your assets in case your Mesa AZ IRS Offer in Compromise is rejected.
  • All collection activities cease.
  • The statute of limitations period is extended.
  • You must make all required monthly payments.
  • You are not required to continue with your installment arrangement (if you are in one).
  • Your IRS offer in compromise Mesa AZ is automatically accepted if the IRS takes longer than two years to make a determination, from the IRS receipt date.
As you can see there are many rules to be complied with during the IRS offer in compromise Mesa AZ process. Missing any payments or not following through in the mind of the IRS will cancel your offer and the process may have to be restarted from the beginning.  Scott Allen E.A. of Tax Debt Advisors has the experience to keep the IRS and your Mesa AZ offer in compromise free from any unnecessary problems.  Tax Debt Advisors offers a free initial consultation and can be reached at 480-926-9300 to schedule an appointment.

info@taxdebtadvisors.com

Written by Scott Allen

Which IRS Offer in Compromise (OIC) is best for you, a Phoenix AZ taxpayer?

There is more than one kind of IRS Offer in Compromise in Phoenix AZ.  Here are the three options:
  • Cash Offer—this Phoenix AZ IRS Offer in Compromise is paid within 5 months after it is accepted.
  • Short Term Deferred Offer—this Phoenix AZ IRS Offer in Compromise is payable over a two year period in equal monthly installments.
  • Long Term Deferred Offer—this IRS Offer in Compromise in Phoenix AZ is paid over the remaining Statute of Limitations period in equal monthly installments.
Before you even decide which IRS Offer in Compromise in Phoenix AZ is best for you, consider a consultation with Scott Allen E.A. of Tax Debt Advisors Inc whether the Phoenix AZ IRS Offer in Compromise program is the best way to settle your IRS debt.  It amazes taxpayers to learn that most of the time there is a better option than the Offer in Compromise.  Tax Debt Advisors Inc will advise you which option is best for you.  That is why they have been in business since 1977.  Scott Allen E.A. has expertise in filing back tax returns and does current year tax preparation as well.  Call Tax Debt Advisors Inc at 480-926-9300 for an appointment.

info@taxdebtadvisors.com

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