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DWK TAX GROUP: Your Nationwide Internet IRS Tax Relief Company provides all 50 States, including Hawaii and Alaska, with Real IRS Tax Help.
THERE IS MORE TO NEGOTIATING AN IRS INSTALLMENT AGREEMENT / IRS PAYMENT PLAN THAN YOU ARE AWARE OF.
DO YOU NEED MORE TIME TO PAY YOUR IRS BACK TAXES OWED?
DWK TAX GROUP INSTALLMENT AGREEMENT FLAT FEE: $650.00
Once an IRS Tax Debt is demanded, the IRS will want the IRS Tax Debt to paid in 10 days.
An IRS Installment Agreement / IRS Payment Plan is a program for you, the taxpayer who cannot afford to pay your back income taxes / business taxes as a lump sum payment. The IRS will give you, the taxpayer, the option to make monthly payments. Most often, the IRS will dictate the terms of the payment regardless of your ability to keep these arrangements.
Many times, a taxpayer has made an Installment Agreement with the IRS because of a Wage Garnishment or threat of a Levy. This is absolutely the wrong time to negotiate on your own.
As Revenue Officers are fond of saying, the IRS is not a bank. The DWK TAX GROUP's task then becomes one of getting you, the taxpayer, the best possible deal possible. The task of DWK TAX GROUP is to use the IRS Code to your advantage.
For some clients, the goal is the full payment of the taxes as quickly as possible to minimize interest and late payment penalties. You have managed to create tax liabilities so large that full payment will be impossible. In that case, you must look toward the expiration of the statute of limitations, the resolution of the liabilities through the Offer in Compromise process, or the discharge of the taxes in bankruptcy. For you, an installment agreement is only an interim solution, and the objective is usually negotiating the smallest monthly payment the IRS will accept.
Not surprisingly, the IRS's goal is exactly the opposite -- the IRS Revenue Officer wants the largest monthly payment whether you can afford that monthly payment or not.
Often, when a taxpayer attempts to establish an IRS Installment Agreement on their own, the taxpayer will be paying penalties and interest. You will not realize this for quite some time. After paying your monthly IRS installment for a period of time, you will suddenly be aware that your IRS Tax Debt has not been reduced.Clients are often shocked to find that the IRS continues to assert interest and the 1/2% per month late payment penalty even after they have entered into installment agreements.
You may have been eligible and qualified for an Offer in Compromise, an IRS Penalty Abatement or you may be Currently Uncollectible. The Tax Debt that the IRS claims you owe may very well be inaccurate.
The IRS allows “structuring” five primary types of payment plans, or Installment Agreement:
Guaranteed Installment Agreement, Streamlined Installment Agreement, In-Business Trust Fund Agreement, Long-Term Installment Agreement, and Installment Agreement on Specified Balance Due Accounts.
JUST BECAUSE THE IRS CLAIMS YOU OWE A CERTAIN AMOUNT DOESN'T MEAN THAT YOUR TAX DEBT IS CORRECT.
If you owe $25,000 to $100,000, the IRS will demand full financial disclosure by completing a Collection Information Statement called a 433-A. They will most likely ask for supporting documentation like bank statements, pay stubs and cancelled checks to validate or prove your income and expenses.
If you owe over $100,000, your case will be forwarded to the 'large Dollar Unit'. This is a nationally centralized special unit of the IRS that only deals with payment plans involving liabilities over $100,000. This is the IRS's most intrusive Collection division. They can be brutal. If you wish to go it alone, without expert representation, you will get "creamed".
For example, before the IRS will even entertain negotiating a payment plan, the IRS will require you to exhaust all efforts to liquidate your assets including your home. We deal with this unit every day of the week. We know how to navigate the maze, the protocols, the laws, etc. so you don't have to lose your home or other assets.
Having demonstrated current compliance (all your taxes have been filed), and addressed the question of ability to pay by selling or borrowing against assets, you will finally be in a position to talk about your monthly income and expenses in an effort to determine the required monthly installment payment. This discussion, however, will be very much constrained by the standardized expenditure allowances which the IRS imposed in August 1995 to force more uniform analysis of financial information in collection cases. Under this system, expenditures are divided into "necessary expenses" and "conditional expenses."
If you enter into a poorly conceived IRS payment arrangement with the IRS and you default, you should expect a IRS Tax Lien to be filed and then you can expect an IRS Wage Garnishment and/or a Bank Levy to shortly follow. Should you be late making your IRS payment by even one day, the IRS will consider you in default. This will result in an IRS Tax Lien and/or an IRS Wage Garnishment / IRS Wage Levy.
DWK's Tax Attorneys have had years of experience negotiating payment arrangements that "our clients can live with", not (often times) the outrageous payment demands dictated to them by the IRS. The time to enter into an IRS Installment Agreement with the IRS is not when you are desperate to Stop your IRS Levy. That is precisely the time when you are filled with anxiety and you will agree to "just about anything" to stop your IRS Wage Garnishment.
You may be eligible and qualified for an IRS Offer in Compromise, IRS Penalty Abatement or you may be Currently Uncollectible and you don't know it. The IRS is certainly not going to tell you.
If you may be unable to make any payment at all, our IRS Tax Attorneys will look to have you designated "Currently Uncollectable".
Is a method for delaying payment of the debt. If your Tax Attorney can convince the IRS that you have no way of paying your IRS Tax debt at this time, the IRS will consider you "currently not collectible." Usually this is for a period of one year/twelve months. At the end of the Currently Uncollectible period, you, the taxpayer, will need to show the IRS that your economic situation has not changed. As long as you enjoy that status with them, you will not be expected to pay any of the tax debt. Yet your statutory period (IRS Statute of Limitations) does not freeze; it continues to decrease as usual.
The IRS has 10 years to collect outstanding tax liabilities. This is measured from the day a tax liability has been finalized. A tax liability can be finalized in a number of ways. It could be a balance due on a tax return, an assessment from an audit, or a proposed assessment that has become final. From that day, the IRS has ten years to collect the full amount, plus any penalties and interest. If the IRS doesn’t collect the full amount in the 10-year period, then the remaining balance on the account disappears forever. The statute of limitations on collecting the tax will have expired.
IRS Restructuring and Reform Act of 1998:
The IRS Restructuring and Reform Act of 1998, signed by President Clinton on July 22nd, has several provisions which will have an impact on the negotiation and use of installment agreements. The most important of these is a greatly expanded right to appeal threatened collection actions, thereby providing a forum in which to argue that an installment agreement should be made available to the taxpayer as an alternative to enforced collection action.
ALL INSTALLMENT AGREEMENTS ARE NOT CREATED EQUAL:
Before you even think about negotiating an IRS Installment Agreement, a/k/a "IA", DWK's Tax Attorneys need to file a Form 2848 (Power of Attorney) advising the IRS that you have IRS Tax Representation. Next, DWK needs to gather your records from the IRS immediately. You will need to fill out a 433F or 433A Form. These Forms are Financial Statements. We need to analyze them and see what all of your options are.
- Are you Qualified for an IRS Offer in Compromise? - Qualified for an IRS Penalty Abatement? - Are you Currently Uncollectable? - Is your paycheck subject to a IRS Wage Garnishment? - Is your Social Security / Social Security Disability (SSDI) being subject to an IRS Wage Levy? - Do your past IRS Tax Filings need to be Amended? - Do you have Unfiled Tax Returns? - How did you come to find yourself in this Predicament?
This is all very important information. Only after we do a thorough analysis of your unique set of circumstances will we accurately know the amount of IRS Debt you have. Only then, will we work out an IRS Installment Agreement. Let's find out how much of your IRS Debt we can save you first.
Call DWK TAX GROUP today and take the first step toward Tax debt relief.
DWK TAX will not accept a Case unless we can save you money.
SENIOR DISCOUNTS.
AFFORDABLE PAYMENT PLANS FOR YOU.
YOU ARE A PHONE CALL AWAY FROM REAL IRS TAX RELIEF: 1 - 866 -226 - 6102 "Se Habla Espanol"
3 Steps: IRS Tax Settlement
Step 1: Contact us - call (1-866-226-6102) "Se Habla Espanol"
Step 2: Receive a free consultation
DWK TAX: the Nationwide Internet Tax Resolution Company.
A Senior Tax Analyst will review your entire financial information and complete a thorough, FREE and confidential tax analysis to determine which tax program will be best for you. We need to know your unique set of circumstances. DWK TAX will determine from our consultation if you are qualified and eligible for an IRS Offer in Compromise or an IRS Penalty Abatement. You may be Currently Uncollectable. DWK TAX GROUP will look at every avenue available to reduce your IRS Tax Debt.
Take the 1st Step. Contact DWK TAX today.
DWK TAX will find the right solution for you. |
Step 3: Settle IRS debt - IRS tax relief
Once you become a client, DWK Tax Group will communicate and correspond directly with the IRS and/or your State Tax Agency. You will no longer have to speak to any tax agency regarding your irs tax debt. We will represent you before the IRS and/or State immediately.
The 1st Step: Contact DWK TAX GROUP today.
Your case will be assigned to a team lead by ahighly skilled Tax Attorney. DWK TAX GROUP has over 45 years of combined IRS Tax Relief experience. DWK TAX will provide you with the determined and diligent representation you deserve. DWK TAX will represent you before the IRS and/or State immediately.
DWK TAX will not accept a Case unless we save you money.
SENIOR DISCOUNTS AVAILABLE.
AFFORDABLE PAYMENT PLANS AVAILABLE FOR YOU. |
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