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

Written by Scott Allen

Phoenix’s Tax Debt Advisors—IRS Offer in Compromise (OIC) Details

If there is no way you could ever pay off the IRS during the remaining statute of limitation period, the IRS will allow, under certain conditions, a settlement for less than you owe.  The IRS knows they have to be careful to not encourage taxpayers that file and full pay on time each year to try to pay less by not paying and filing an Offer in Compromise in Phoenix AZ.  Our experience has been that taxpayers who file and full pay each year are much better off in their personal lives than those who qualify for an OIC. Phoenix AZ Offer in Compromise candidates have had some pretty amazing challenges that got them into trouble with the IRS.  It just isn’t a tax protest mentality that qualified them—if that were the case the IRS would reject flat out an Offer in Compromise Phoenix AZ application.

The IRS will consider your OIC if there is doubt they can collect the full amount, or there is some doubt as to the amount owed, or it would impose an unusually difficult hardship on the Phoenix AZ taxpayer.  Offers are usually granted to individuals or couples but they also can be filed by Corporations, Partnerships and Not for Profit Corporations.

If you are serious about filing an OIC and getting acceptance, you need professional assistance.  Scott Allen E.A. has the experience to advise you on your OIC amount, paperwork and follow-up with the OIC group.  Tax Debt Advisors offers a free consultation and can be reached for an appointment by calling 480-926-9300.

info@taxdebtadvisors.com

Written by Scott Allen

Tax Debt Advisors, Inc. cautions you on the “Pennies on the Dollar” IRS Advertisements

Although it is rare to hear or read about “Pennies on the Dollar” settlements with the IRS anymore, they still exist.  The reason is that phrase was used by predators taking money and advantage of vulnerable Mesa AZ taxpayers looking for an escape from their IRS tax debt.  Another reason is that most of these predator companies are out of business.  The few that still lure unsuspecting taxpayers in Mesa AZ with pennies on the dollar promises are employees of these defunct companies still trying to take advantage of taxpayers.  If you received a phone call from a company not in your area—out of state—you are best to hang up and find someone local who has been in business for a significant time and who you can meet with face to face.

Scott Allen E.A. of Tax Debt Advisors, Inc. offers a free face to face consultation about all of your IRS settlement options.

info@taxdebtadvisors.com

Written by Scott Allen

Arizona’s Tax Debt Advisors—Why are most IRS Offer in Compromise (OIC) Rejected?

Let’s just state the facts frankly.  Almost every taxpayer and most tax advisors are not competent and/or knowledgeable about the OIC filing requirements and the follow through needed to get an OIC accepted.  Many proper OIC applications are rejected because the IRS loses information or reassigns OIC cases to new agents and the hand off is not communicated properly.  The IRS is a huge bureaucracy that needs professional outside assistance to keep their attention on cases that will qualify for acceptance.

Consider Scott Allen E.A. of Tax Debt Advisors as your Arizona professional to file and monitor your OIC through the IRS maze.  Tax Debt Advisors in Arizona will not take your case unless it is in your best interest.  Tax Debt Advisors offers a free initial consultation and can be reached at 480-926-9300 for an appointment.  Call today for an appointment and find out why they have settled over 105,000 tax debts since 1977.

info@taxdebtadvisors.com

Written by Scott Allen

Suggestions for Happy Living Despite Having an IRS Problem, Part 3

  • Happiness is a state of the spirit and an attitude of the mind.—David O. McKay
  • A truly happy person is one who can enjoy the scenery on a detour.—Anonymous
  • As you are getting ready for the day, practice smiling in the mirror.
  • Set a goal of consciously smiling at people you don’t know during the day.
  • Write the name of someone who makes you happy on a piece of paper and put it in your pocket.  Refer to it during the day and always smile when you think of that person.
There are several options available to settle your Chandler AZ IRS tax debt.  Each IRS settlement options for Chandler AZ taxpayers has pros and cons—something good about it as wells as something not so good.  However, one is always better that the rest and is usually quite obvious once the facts have been presented to you without prejudice towards any one IRS debt solution.  That is why Tax Debt Advisors should be your choice when confronted with a serious Chandler AZ IRS problem.  We offer a free consultation.

Scott Allen E.A. has witnessed the success of his family’s IRS resolution practice near Chandler Arizona first hand and is carrying on the tradition to the second generation.  Tax Debt Advisors has been helping individuals like you with IRS tax problems since 1977.  Scott is licensed to represent you before the IRS in all 50 states.  He will only take your case if it is in your best interest.  That is why our family business is going on its 37th year.  Scott Allen E.A. promises straight answers and follow through service and guarantees the most aggressive Arizona tax preparation and IRS settlement allowed by law.

info@taxdebtadvisors.com

Written by Scott Allen

Tax Debt Advisors help—What is an Offer in Compromise?

An Offer in Compromise (OIC) is an offer to pay less than what you owe to the IRS and receive a complete settlement of all past tax debts, including interest and penalties.  The OIC program is only one of several ways to settle your Tempe AZ tax debt for less than what you owe.  IRS Form 656 and Form 433-A are the OIC accepted forms for individuals.  IRS Form 433-A Worksheet calculates the amount that needs to be offered.  The terms and conditions of the OIC include filing and paying on time your taxes for the next five years.  If you cannot file your individual tax return (1040) by April 15, you must request an automatic extension and file and full pay by the extension deadline.  The IRS approves only a small percentage of the offers submitted.  In 2004 only 16% of the OIC’s were accepted.  In 2010 the percentage was 24%.

It is a big mistake to file an OIC unless you are fairly certain you will have acceptance.  Interest and penalties continue to accrue as well as the statute of limitations.  If it takes the IRS 2 years to reject you OIC, you will come out of the process in much worse shape than when you submitted your OIC.

Tax Debt Advisors is next doors to Tempe AZ and has the experience to properly calculate and submit an OIC with a high degree of success.  Tax Debt Advisors has been assisting clients on Tempe AZ IRS problems for over 37 years.

info@taxdebtadvisors.com

Written by Scott Allen

We are Mesa Arizona’s Top IRS Problem Solvers for Offers in Compromise—General Information

Here is some general information the IRS Offer in Compromise.  Beyond the basics you are best to consult with a local IRS resolution expert in Arizona.  If you truly cannot afford to pay back the taxes owed, including the interest and penalties, you may be a candidate to apply for an Offer in Compromise.  This IRS settlement option allows you to settle your entire debt for a lesser amount.  This can be done by making short monthly payments or one lump sum.

An Offer in compromise has an advantage over filing a bankruptcy because payroll taxes cannot be eliminated by filing a bankruptcy.  Once your offer has been accepted and you have paid in full the agreed amount, the IRS will remove all tax liens.  The amount that is considered acceptable by the IRS is based on your ability to pay.  Financial statements with proof of all of your personal and business expenses will have to be provided along with bank statements.

Many potential Mesa AZ Offer in Compromise clients qualify for an Offer but the amount considered acceptable to the IRS is more than the taxpayer can pay.  To determine if you are a viable Offer candidate, contact Scott Allen E.A. of Tax Debt Advisors, Inc.

info@taxdebtadvisors.com

Written by Scott Allen

We are Mesa Arizona’s Top IRS Problem Solvers for Payroll Tax Debt

Payroll taxes are not dischargeable in a bankruptcy and therefore need to be resolved with some other IRS settlement option.  A monthly payment plan will require you to pay the principle, interest and penalties in full or until the statute of limitations runs out which will be 10 years from the date of assessment of the IRS tax debt.  If your monthly payment is very small or the statute of limitations is about to expire or you qualify for a currently not collectible status you may want to selection one of these options versus an IRS Offer in Compromise.  The Offer program may be the best option if none of the above apply to you.

The Offer program is a lengthy process that will require you to stay in compliance during and after you have been approved and made the required payment.  Few taxpayers understand the process and how to keep their Offer from being disallowed.  Scott Allen E.A. in Mesa AZ provides a free initial consultation and can walk you through all the steps needed to select the right settlement option.  You can reach Scott Allen E.A. at 480-926-9300.

info@taxdebtadvisors.com

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