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Written by Scott Allen

How long does the IRS have to collect taxes on an SFR or Substitute for Return? From Tax Debt Advisors, Inc.

IRS Substitute for Return

The normal period of time for the IRS to collect on a tax debt is 10 years.  However, the time does not start until an assessment has been made.  For example, if the IRS did a substitute for return for the year 2013 in 2018, the 10 year period would end in 2028, not 2023.  The date of assessment is not when you signed or mailed in the return, it is when the IRS posts the tax liability which can be several weeks or months later.  There are actions you can take that will extend the time period know as the Statute of Limitations.  These include filing a bankruptcy, Offer in Compromise, signing a waver, etc.  Taxpayers are allowed to file back tax returns any time after the IRS files an SFR tax return to lower the tax liability but the process can take up to a year to get it accepted.  If you file a return that is over three years past the due date including extensions, and no payments have been made within two years, the IRS will not pay a refund.  Call today for a free confidential consultation.

Scott Allen, E.A. – Tax Debt Advisors, Inc helping with back tax return problems

www.TaxDebtAdvisors.com

 

BACK TAX RETURNS, IRS Problems, Offer In Compromise
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Regular Post
Written by Scott Allen

My Offer in compromise was rejected, can I appeal? From Tax Debt Advisors, Inc.

IRS Offer in Compromise Rejected

Sadly, most of the offers that are filed by the large “offer in compromise mills” were never legitimate Offers.  I don’t need to mention any names but if you see them on TV or on the Radio and the person doing the work is in another state or only one state for the whole nation, you should be leery—get a second opinion.  Even better call me for your second opinion, FIRST!

Let’s assume you have a valid offer that was filed by someone other than me.  Why are you calling me?  If you can’t get the company to return your phone calls, or suggest that they file and appeal, it is probably not a valid Offer and the company that filed your Offer knows that.  I suggest you file a complaint to the attorney general in the state and get someone else to review your Offer.

Many Offers that were valid when submitted are no longer valid when the time for determination of validity is completed several months later.  If that is the case, you are out of luck and you should not file an appeal.  However, assuming your Offer is still valid, an appeal should be promptly filed within 30 days of the official rejection letter on IRS Form 13711.

If you Offer was rejected because of a neglect on the part of your representative during the Offer process, it is unlikely the Appeals process will work and a new Offer will have to be submitted.

I don’t want to sound negative but less the truth is less than 5% of the rejected Offers I have reviewed were ever valid—NOT EVEN ON THE DATE THEY WERE SUBMITTED!  If this is the case, I will review four other settlement options and together we will decide which one is best for you—THAT WILL WORK!

Scott Allen, E.A. – Tax Debt Advisors, Inc for filing successful IRS Offer in Compromise in the Phoenix Arizona area

www.TaxDebtAdvisors.com

 

IRS Problems, Offer In Compromise, Tax Debt, Tax Levy
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Written by Scott Allen

What is the average IRS settlement Queen Creek Arizona?

IRS Settlement Queen Creek Arizona

There are several different ways to get an IRS Settlement Queen Creek Arizona ?  I am always uncomfortable quoting or giving averages when it comes to settling up with the IRS.  Here is why.  If you are talking about a settlement with an Offer in Compromise, over 98% of the clients who come in don’t qualify for this type of a settlement for various reasons.  So what good is an average when you are only talking about 2%.  We have had some offers for as low as ½ cent on the dollar up to 88 cents on the dollar.  If those were the only two offers, saying the average is 44 cents on the dollar is a ridiculous statement.  For one it would be 8,800% too high and the other 50% too low.  I suppose an average of 15% might be reasonable on all of the Offer in Compromises we have had accepted for clients.

If a client discharges their taxes under the Chapter 7 rules of bankruptcy then the settlement is zero.  It is always zero.  How do you give an average here other than to say our average settlement is zero if you choose to settle your IRS debt using a Chapter 7 bankruptcy?  There is no average, it is always the same.

The best thing to do is to come in and find out what your IRS settlement Queen Creek Arizona would be rather than rely on an average which will more than likely be much different than what you will ultimately receive.  Once I know how much you owe the IRS, how long you have owed the IRS, and have some financial information, I can tell you what you can expect under all the options that are available to settle with the IRS.  And that information will be much more valuable to you than an average from previous clients whose financial ability to pay on the amount owed that never matches your particular situation.

I like to tell clients that if you were a manager of a baseball team and you had two choices—send up a batter with a one in three chance of getting a hit or one you knew would get a hit, which would you choose?  Obvious, you would go with the one you knew was going to get a hit.  That is what you can expect from me.  I will tell you what settlement you will get from the IRS, once I know the facts.  Don’t ever take a chance on relying on averages when you can know the answer with just a little more time and effort.  Practitioners who quote averages will always use that inappropriately to get you to use them and then when it doesn’t happen, will always use it to say, “Well, I was only giving you an average, your settlement is much higher now that I know the facts.”  The best advice is to know the facts not the averages.

Scott Allen E. A.

Tax Debt Advisors, Inc offering IRS settlement Queen Creek Arizona

www.stopIRSaction.com

 

BACK TAX RETURNS, IRS Problems, Offer In Compromise
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Regular Post
Written by Scott Allen

IRS TAX LIENS – STOP IRS ACTION

IRS Tax Liens in Arizona

When do IRS tax liens expire?

Yes there is an expiration on IRS tax liens—ten years.  The ten years starts from the time the taxes were assessed.  Once the ten year period has passed the tax lien goes away automatically.

There is a caution flag that needs to be raised regarding actions you can inadvertently take that will extend the statute of limitations.  If you file a bankruptcy, a collection due process hearing, submit an offer in compromise or file an innocent spouse claim the 10 year statute to collect is extended because these actions stop the IRS from collecting the taxes due.

A bankruptcy extends the statute of limitation by the amount of time your were in bankruptcy plus six months.

A collection due process hearing will extend the statute of  limitations by the amount of time your hearing was pending.

An offer in compromise will extend the statute of limitations by the amount of time the offer was pending plus 30 days.

An innocent spouse claim will suspend the collection statute during the time the claim is under consideration.

Before any of these tax settlement strategies are utilized, make sure that the risk of extending the statute doesn’t exceed the benefit. IRS tax liens can impact your life in many ways. Be sure to also find out if its possible to settle the IRS or offer up a payment plan solution without the filing of IRS tax liens on your record.

Scott Allen E. A.

Tax Debt Advisors, Inc.

 

IRS Problems, IRS Tax lien problems, Offer In Compromise
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Regular Post
Written by Scott Allen

IRS TAX RELIEF

IRS Tax Relief

You know how easy it is to have an IRS tax debt or you wouldn’t be reading this blog.  But in the opposite direction, it is also “easy” to get restored back to your original situation if you are willing to make the effort and put in the time to get your matter straightened out.  Everyone deserves IRS tax relief, whatever option it may be.

No one has a goal in life to get in trouble with the IRS.  All it takes is a death, divorce, substance abuse problem, a business failure or bad tax advice to start the process and once the tax problem starts rolling down the mountain, it is hard to stop.

There are five options to consider in settling with the IRS other than to just write them a check.  It is important to have all five of them, with the pros and cons of each one, being considered at the same time.  Those options are:

  • Installment arrangement
  • Non collectible status
  • Offer in compromise
  • Chapter 13 Bankruptcy
  • Chapter 7 Bankruptcy

In most cases there is really very little negotiation involved.  All the “negotiation work” is done with Scott Allen EA and the taxpayer in properly evaluating their options. The challenge is to pick the right option and to support that option so well that the IRS has no choice but to agree to our settlement proposal.  Success is in the preparation, support, and endurance to keep the matter in front of the IRS personnel you are assigned until the matter is settled.  The IRS knows very well how to chase after taxpayers and punish them.  They are very poor at being pursued to settle a matter according to the laws that Congress  has given them charge to enforce.

Just like every team has a coach, you need a coach to keep you motivated, moving in the right direction and challenging you to get the IRS tax relief victory.  Anyone can get a settlement with the IRS, the challenge is to get one that is a victory.  A victory is a settlement that you can do and will get you restored back to your former situation in the quickest possible way.

Scott Allen E. A.

Tax Debt Advisors, Inc.

   aztaxguy84

 

IRS Problems, Offer In Compromise
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