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IRS Fresh Start Program Qualifications

If you are curious about the qualifications for the IRS Fresh Start Program and if you qualify, this post should help!

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The IRS fresh start program qualifications include:

  • You must have been unemployed for 30 consecutive days in 2011 or before April 15, 2012
  • Married couples filing together must have at least one partner who qualifies for the Fresh Start program
  • Your tax balance must be less than $50,000 at the end of 2011
  • If you are self-employed you must show a decrease of 25% or more in net income
  • Married couples must not have earned over $200,000 or individuals must not have earned over $100,000 for the year
  • According to IRS.gov taxpayers must use Form 1127, Application for Extension of Time for Payment of Tax Due to Undue Hardship

Benefits of the Fresh Start Program

According to H&R Block these are three of the most important benefits of the fresh start program:

  • In most cases tax liens will only be issued if the amount exceeds $10,000.
  • Individuals are able to spread out $50,000 or less with direct installment payments over 6 years (72 months).
  • Taxpayers have expanded flexibility with Offer in Compromise (OIC) to determine a tax payer’s ability to pay.

Learn more about the IRS Fresh Start Program

Tax Debt Advisors Can Help With The Fresh Start Program In Arizona

Need help with wiping out your old tax debt? Tax Debt Advisors has helped resolve over 108,000 debts. Receive a tax debt consultation today by giving Scott a call today at 480-926-9300. Tax Debt Advisors can help negotiate an offer in compromise on your behalf to finally settle your tax debt.

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

Tempe AZ IRS 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 45 years.

 

IRS Appeals, IRS Problems, Offer In Compromise, Tax Debt
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Let Tax Debt Advisors, Inc. respond to your Peoria AZ IRS Tax Audit Letter

IRS Tax Audit Peoria AZ

Responding timely and appropriately to a Peoria AZ IRS Tax Audit Notice is critical to a successful audit.  Beginning with the end in mind allows for consistency from beginning to the end of the audit.  Auditors have a sense when there is a problem or errors on a filed return.  Taxpayers often will respond so poorly to an initial audit that the IRS auditor in Peoria AZ will request other years to be subject to an audit.  Generally when this happens the IRS auditor will expand the areas of the audit or audit the entire return including businesses owned by the taxpayer(s).

It’s just not worth the risk of responding poorly to an IRS audit.  Scott Allen E.A. of Tax Debt Advisors has the expertise to meet with and negotiate on your behalf.  Scott can be reached at 480-926-9300.  Tax Debt Advisors, Inc. has represented taxpayers in audits since 1977.

 

IRS Problems, IRS Tax Audits, Tax Debt
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IRS Audit Myth Number 1: By Tax Debt Advisors of Phoenix AZ

IRS Audit Myths Phoenix AZ

If the IRS wants more money, I will pay them when I am able—the IRS is a formidable bill collector.  It has the power to garnish your wages, levy your bank accounts or seize your assets.  If you find you are on the wrong side of an audit assessment, consider a consultation with Scott Allen E.A. of Tax Debt Advisors.  Filing for a hearing before the IRS Office of Appeals is an excellent way to negotiate a compromise or elimination of the tax assessment.

Even better is to contact Tax Debt Advisors near Phoenix AZ when you get the audit notice from the IRS.  With a little planning and organization of your records, you may be able to avoid the assessment altogether.  Do not overlook the guidance of an IRS audit specialist.  Tax Debt Advisors has been representing taxpayers on Phoenix Arizona IRS audits for over 45 years.  Call today for a free initial consultation to see what Scott Allen E.A. can do for you.  Schedule an appointment by calling 480-926-9300.

 

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Tempe’s Tax Debt Advisors, Inc. will get you thru your IRS Audit Reconsideration

IRS Audit Reconsideration Tempe AZ

It is not uncommon for clients to not show up to their scheduled IRS audit Tempe AZ.  An audit is like being scheduled to have a surgery without your request—it’s scary.  But when the IRS agent sends you the results of the audit, the real shock begins.  Everything is denied as a deduction on your return and/or expenses taken on your business return.  The agent knows that this is unrealistic but their procedure is to deny everything if you don’t show up.

If you want to get your tax liability reduced, the IRS will allow that through the Tempe AZ IRS audit reconsideration process.  This is not a quick or easy effort.  The IRS will eventually review your support for your deductions but in the mean time you need to get into some IRS settlement option.  Most often an Installment Arrangement.

Scott Allen E.A. of Tax Debt Advisors, Inc. has the ability to advise you on the Tempe AZ IRS Audit Reconsideration procedures.  Remember that you will have to have patience waiting for the IRS to respond.  If you want to reduce your tax liability, contact Scott Allen E.A. at 480-926-9300.

 

IRS Problems, IRS Tax Audits, Tax Debt
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Gilbert’s Tax Debt Advisors—What do I do if my balance of IRS taxes owed keeps going up?

Owe IRS Tax in Gilbert AZ

Please consider the following options:

  • If your IRS debt will expire soon, it doesn’t matter how much you owe.  Find out when the IRS statute of limitations expires.
  • If you disagree with the amount owed consider taking your case to the IRS Office of Appeals.  Often the Appeals Office will compromise or eliminate your debt if you have good reasons to support your position.
  • File an amended return.
  • File a correct return to override an IRS substitute for return.
  • File for innocent spouse relief.
  • File an Offer in Compromise.
  • Discharge your taxes in a Chapter 7 tax motivated bankruptcy.
  • File for abatement of penalties.

There is hope to get out from under your Gilbert AZ IRS debt and move on with your life.  Scott Allen E.A. of Tax Debt Advisors offers a free initial consultation.  Call him today to schedule an appointment by calling 480-926-9300.

 

IRS Problems, Offer In Compromise, Tax Debt, Unfiled Tax Returns
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Arizona’s Tax Debt Advisors, Inc.—Is IRS Penalty Abatement Possible?

IRS Penalty Abatement Scottsdale AZ

Arizona IRS penalty abatement is not only possible but must always be considered before entering into a settlement option.  The IRS has over 100 penalties that they use to encourage compliance to file of tax returns on time and making prompt payment of amounts due.  Penalties can exceed the amount of the actual tax in some cases.

The IRS will abate penalties is you can prove “reasonable cause.”  Having an excellent past track record of filing and paying on time will help your case immensely.  Rarely is interest on the tax debt abated but the interest on the amount of penalty abated will be eliminated.  Often you will have to take your case to the IRS Office of Appeals in Arizona to be successful.

IRS penalty abatement almost always requires professional assistance.  Scott Allen E.A. near Scottsdale AZ will evaluate your chances of success.  Call Scott today at 480-926-9300 to schedule a free initial, in office, appointment

 

IRS Appeals, IRS Problems, IRS Tax Attorney, Tax Debt
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Call Scott Allen E.A. if you default on your IRS Installment Arrangement in Goodyear Arizona

Goodyear AZ IRS Installment Arrangement Help

If you fail to make your monthly payment to the IRS, you will eventually receive an Installment Agreement Default Notice in Goodyear AZ.  If this is your first default the IRS may allow you to be reinstated at your original payment amount provided you catch up on all missed payments.  If this is your second default, or it has been a long time since you have made a payment, or you owe a significant amount to the IRS, it is likely they will want to renegotiate your payment plan all over again.  This means providing new financial information.

If you are required to renegotiate with the IRS may I suggest you seriously consider having a free consultation with Scott Allen E.A.  near Goodyear AZ This is a time to revisit whether your installment arrangement can be negotiated lower or if it is likely to increase to determine if another settlement option would be more favorable.  Scott Allen E.A. can be reached at 480-926-9300 to schedule an appointment and he will make that day a great day for you!

 

IRS Problems, IRS Tax Payment Plan, Tax Attorney Arizona, Tax Debt
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Scott Allen E.A. can help you with Glendale AZ IRS Debt due to your spouse

Glendale AZ IRS Debt

Many of our Glendale AZ clients find out that their spouse has taken deductions they were not entitled to or under reporting income.  Sometimes this knowledge isn’t apparent until after a divorce and the return(s) are audited by the IRS.  This area is very specialized and depending on the facts and circumstances, you may qualify for relief under the innocent spouse status.

As soon as you become aware of this situation, may I suggest you schedule a free consultation with Scott Allen E.A. near Glendale AZ to see what options are available?  Some options are time sensitive.  For example if you have been divorced or separated for the last year, you have two years to elect for file as married filing separately.  This allows the wife to be taxed on her earnings.  If you have received economic benefit from the underpayment of taxes, you will not qualify as an innocent spouse.

Scott Allen is available for a free Glendale AZ IRS debt consultation.  Call him today at 480-926-9300 to schedule an appointment.  Let Scott make today a great day for you!

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IRS Appeals, IRS Problems, Tax Debt
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IRS tax help for the Arizona Construction Industry

Arizona IRS Tax Help

There is only on germ or virus is more contagious than any other to the construction industry—that is virus of bad IRS advice pass amount your own peers.  If you want accurate information that you can rely on get it from a professional in another field that specializes in that subject.

Most construction professionals get into trouble with the IRS due to bad advice, especially in the areas of independent contractor/employee issues, the structuring of their business, and what they can take as business and personal deductions, and the lack of making no estimated tax payments towards current year tax liabilities or claiming exempt on their W-2 withholdings.

We can help Arizona construction industry professionals in the following specialties:

Electricians, Concrete Workers, Plumbers, Roofer, Dry Wall and Plaster Workers, Architects, Inspectors, Project Managers, Landscapers, Painters, Glazers, Framers, Tile and Flooring Workers. 

Why is the IRS making the construction industry a target for IRS audits?  First, is the lack of filing tax returns.  The construction industry has the lowest compliance rate among all the professions.  Second, lack of making tax payments in the form of estimated taxes or having withholdings on W-2’s wages.  Employers in the construction industry typically want to pay their workers as if there were independent contractors.  Hence, no withholdings are being paid by the employers and the workers fail to pay estimated taxes.

If you receive a notice of being audited by the IRS—take it very seriously, get professional help.  If one year has significant changes that produce additional revenue to the IRS, it is highly probably that the audit will be expanded to other years.  The IRS knows that bad practices regarding IRS matters are very contagious in the construction community.  Call me today for a free initial confidential consultation.

Scott Allen E. A. – Tax Debt Advisors, Inc

IRS tax help for the Arizona Construction Industry from Tax Debt Advisors, Inc

Mesa, Apache Junction, Avondale, Buckeye, Carefree, Cave Creek, Chandler, El Mirage, Fountain Hills, Gila Bend, Gilbert, Glendale, Goodyear, Komatke, Litchfield Park, Luke AFB, Paradise Valley, Peoria, Phoenix, Queen Creek, Scottsdale, Sun City, Sun Lakes, Surprise, Tempe, Tolleson, Waddell, Whitman, Wickenburg, Youngstown, Flagstaff, Tucson, Payson, Winslow, Sierra Vista, Page, Prescott, Globe, Yuma, Lake Havasu City, Kingman

 

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