IRS Payment Plans | Tax Settlement | San Diego | Flat Fee Tax Service
Updated: Feb 12
IRS TAX SETTLEMENT - IRS PAYMENT PLANS
The tax professionals and IRS problem solvers at Flat Fee Tax Service located located in San Diego and in Clearwater, Florida. We pride ourselves on being a full service IRS tax relief firm. Our tax professionals are led by our able IRS Tax Attorneys. We offer our clients a wide range of IRS tax relief services geared towards both individuals and businesses at very affordable fees. From IRS garnishment releases, prior year income tax return preparation, or an Offer in Compromise (#IRSsettlement), Flat Fee Tax Service will help you!
Our IRS tax relief firm (#IRStaxlawyers) help struggling taxpayers across the country with all of their IRS tax relief needs. We provide free, confidential consultations and all of our services come at a low, flat and affordable cost, so you have no unpleasant surprises down the road nor hidden fees. Our mission is to provide tax debt resolution in an IRS tax relief industry leading to quality services at a low, affordable cost.
Can You Settle With the IRS for Pennies on the Dollar?
The Answer is Yes.
Step 1: IRS Tax Relief Investigation
We do not charge for an "investigation". When you become a client, the investigation process begins by immediately calling the IRS, filing a Tax Authorization Information Form 8821 with the IRS on your behalf in order to obtain a complete record of your account.
You will have an IRS Tax Attorney who is a dedicated practitioner. At the same time, our investigative team will analyze your financials and compare them to the IRS in order to determine the best course of IRS tax relief action given your specific situation.
Upon completion of our tax relief investigation, you will be contacted with our findings, and be given your options with regards to resolving your tax issues once and for all.
Step 2: IRS Tax Relief: Tax Preparation & Tax Relief
The tax debt resolution phase of our process begins by gathering more in-depth financial information and supporting documentation in order to prepare an in-depth proposal for submission to the IRS.
Many IRS tax relief solutions require significant follow-up and contact with the IRS. The length of time to obtain complete tax debt resolution of your tax debt liabilities can last anywhere from 1 week to as long as one year and depends on the IRS tax relief program for which you qualify for.
Upon completion of the IRS debt resolution, our IRS Tax Attorney will contact you to explain the specific details of your tax debt resolution and give you any important information necessary to ensure that your IRS problem doesn’t reoccur.
Flat Fee Tax Service will also remain on file as Power of Attorney to guarantee that there are no complications. Once the Power of Attorney (IRS Form 2848) is filed, every time an IRS notice is mailed out, our IRS Tax Attorneys receive a copy. That ensures that immediate action is taken to protect you.
During the course of our IRS tax relief program and beyond, you may get in touch with our IRS tax professionals at any time with questions, concerns or changes you may have to make. Our IRS tax relief team is here for you.
Our IRS tax relief clients have saved over 96% of their tax debt and have a 95% tax settlement success rate.
IRS TAX RELIEF: OFFER IN COMPROMISE
Taxpayers that are not currently in financial hardship, but may be very close to that threshold, may be able to qualify for an IRS settlement agreement through the Offer In Compromise program
This mostly applies to those who would be put into financial hardship if they added tax debt payments to their current list of expenses. The IRS determines the maximum amount the IRS would be able to get from a taxpayer without causing financial hardship.
Then the remainder of the debt is forgiven and the individual is released from their liability as soon as the taxpayer meets the conditions of their settlement agreement with the IRS. The IRS will factor in disposable income and any assets held by the taxpayer when making a determination for an Offer in Compromise. An Offer in Compromise can wipe the slate clean with the IRS for substantially less than what the taxpayer owes.
An Offer in Compromise (#OfferinCompromise) can be difficult to achieve if you don't know what you are doing. Flat Fee Tax Service, Inc. has tremendous experience in determining a taxpayer’s eligibility for an offer in compromise.
In fact, Flat Fee Tax Service, Inc. has a
95% Offer in Compromise success rate.
CURRENTLY NOT COLLECTIBLE
Taxpayers that are struggling with financial hardship may be able to find a way to be completely relieved of their IRS debt. Currently Not Collectible Status (#currentlynotcollectible) removes the taxpayer’s tax balances from active collections with the IRS. A taxpayer provides documentation of their current financial condition, and if such documentation shows that the taxpayer cannot meet their basic obligations, let alone their tax liability, the IRS will declare a financial hardship.
As the Statute of Limitations on a tax debt is 10 years, the individual must continually file their tax returns and provide any requested information to the IRS in a timely manner. Any time a taxpayer receives a raise or has their income to expense ratio change such that they are no longer in financial hardship, they may lose their Currently Not Collectible Status. At this point, a new payment plan may be drawn up to settle the balance with the IRS based on the new financial situation in which the taxpayer finds themselves. The Currently Not Collectible Status allows taxpayers some tax relief while they try to improve their financial condition.