Fresh Start Program
Tax Accounting Bureau can help you determine if you qualify for any of the fresh start programs or whether a settlement can be reached with the IRS or state taxing authorities for the total IRS tax debt. Depending on the situation, a tax settlement allows taxpayers to settle the outstanding debt for less than the original amount owed. Whether or not a settlement can be reached, Tax Accounting Bureau can help you negotiate with taxing authorities to explore settlement alternatives for your specific situation.
How does a settlement work?
First, a taxpayer must meet the qualifications for one of the IRS Fresh Start tax settlement programs. After completing and returning the appropriate forms to the IRS, the taxpayer will begin the settlement process. This is where tax resolution firms like Tax Accounting Bureau can help improve the outcome of the settlement. The settlement terms dictate the timing and payoff amount; the tax liability is considered fully resolved if all stipulations and deadlines are fulfilled.
What are the primary settlement benefits?
Minimize payment to the IRS: Depending on your individual situation, a tax settlement may result in a lower payment to the IRS. Multiple factors play into the unique terms of the settlement, which is why a free consultation is recommended
Minimize liens and garnishments: A tax settlement may prevent the placement of a tax lien on your home or business, wage garnishment or a bank levy on your account.
Who is eligible?
IRS settlements may be available to individuals that are struggling with their tax debts or have valid reasons to abate their penalties. Not everyone is eligible for tax settlement and approval is subject on a case by case basis. However the best way to see if you qualify is by claiming your free consultation at (714)425-4770.