According to Internal Revenue Manual section 5.12.2.4, "A decision may be made to defer the filing of an NFTL when the revenue officer can substantiate with reasonable certainty and supported with documentation from the taxpayer, that filing the NFTL will hamper collection."
In general, the best time to request the abatement of penalties associated with your IRS back tax debt is after you've gained current tax compliance. Make sure all tax returns are filed and that you are making all 1040ES payments timely.
If you submit your request for the abatement of penalties while you are missing tax returns or while you are still accruing additional back tax debts, the IRS will be less likely to believe your reasons for falling behind. The Service likes to see a defini...
The IRS Installment Agreement is a popular choice among taxpayers attempting to resolve a federal back tax debt. Here are the different types of Installment Agreements available.
Where a lot of taxpayers get into a difficult spot when trying to pay back an IRS tax debt is with their housing expense. The IRS has placed a ceiling on housing expenses when calculating a delinquent taxpayer's ability to pay monthly.
In many cases, a taxpayer attempting to resolve a back tax liability will be over the housing and utilities expense which can often increase the monthly payment amount requested by the IRS. There are a couple of ways around this depending on your situation...
A tax lien Withdrawal is different than a tax lien release? A Withdrawal removes the public tax lien record and helps assure other creditors that the IRS will not compete for your property and other assets.
Are you wondering how to get started resolving your own tax debt? A great place to begin is your Account Transcript(s).
If you don't want to draw attention to yourself by contacting the IRS in person or via telephone, request your transcripts online here at IRS.gov. You can choose to view them immediately online.
Your Account Transcript will give you a line by line explanation of transactions on the account. It will help you determine the following.
If you are a tax return preparer that has clients with looming IRS tax liabilities, Fresh Start Tax Relief may be a useful tool for you.
Many tax return preparers don't have the necessary experience it takes to effectively negotiate federal back tax liabilities. Fresh Start's system allows tax professionals to capitalize on the back tax resolution opportunity when their clients present it.
Contact Fresh Start and we will investigate your client's IRS collection case, review their Colle...
Did the IRS recently terminate your Installment Agreement? If your IRS termination letter is dated less than 30 days ago, you may be able to Appeal it by submitting a Collection Appeal Program (CAP) request on form 9423.
We recommend catching up your missed payment or correcting whatever issue may have caused your IA to default in the first place before submitting the CAP. In addition, you may want to simply call the IRS once you've corrected the issue to see if a representative can rein...
Since the IRS Fresh Start Initiative revised the Offer in Compromise, more people than ever are getting their Offers accepted. If you've had your OIC accepted, you're likely getting a good deal from your IRS settlement. If your accepted Offer was a Lump Sum Cash OIC, you got a really good deal. Here's why.
You have two basic choices to pay your Offer amount. Lump Sum Cash and Periodic Payments.
A Lump Sum Cash Offer in Compromise requires 20% of your total Offer amount to be paid with...
