Tuesday, September 15, 2020

Settle back tax debt issues.

IRS tax debt issues are more common than you may think and it is our mission to help you get out from under the burden and devastation that delinquent IRS tax debt problems can cause you if left unresolved. 






Your financial future is far too important to be left to chance or to gamble with how the IRS will decide to handle your tax debt relief without your proactive involvement. That's where we help with your tax debt. You, an inexperienced novice, do not want to take on the IRS especially when the stakes are this high. Our trusted, experienced and top rated tax debt law firms know how to represent your interests and negotiate an IRS tax debt solution for you that works. 


Our top rated tax resolution firms can help you avoid or stop IRS wage garnishment, IRS bank levies and IRS property seizure. A good IRS tax attorney can even help you with reducing your IRS tax debt interest and penalties. Anxiety and worry are lousy crises management tools. Anyone can find themselves with an IRS tax debt problem but the smart person gets the facts from the top tax debt resolution lawyers, learns his options and takes action to solve the problem. That's where we come in. 




IRS Form 433-A Collection Information Statement for Wage Earners and Self-Employed Individuals

IRS Form 433-A


The IRS Form 433-A, “Collection Information Statement for Wage Earners and Self-Employed Individuals”, is a financial disclosure that all applicants for an Offer in Compromise are required to provide as part of an OIC application. 





If you are like many taxpayers that are burdened with an insufferable amount of back tax debt, you have undoubtedly heard claims of “settling your tax debt for pennies on the dollar”. Like the proverbial, used car sales man, these claims are far-fetched as best. 





This disclosure provides the IRS with an in-depth “fact” based snapshot of your financial position and ability to pay your back tax debt based on your income and wages, monthly expenses, business information, and assets, and ultimately forms the basis of whether your Offer in Compromise offer will be accepted or denied.

The information provides an outcome what the IRS calls the Reasonable Collection Potential, which is used to determine if there is sufficient income to support a monthly payment with an Installment Agreement and what assets are available to be levied.


Offer In Compromise Acceptance Rates

It’s said that approximately 20 percent of taxpayers that apply for an Offer In Compromise are ultimately approved on the basis of the information submitted on the Form 433-A. Here in lies the key point, the determination on whether your back tax debt can be settled for less than the amount owed depends on the accurate and complete presentation of “facts” on the Form 433-A. 


Tax Debt Attorneys

Tax Relief

Tax Debt Attorneys

Tax Debt Relief

Looking for tax debt attorneys, then you should try looking in the Internet. This is probably the best resource you can use as it gives you access to the largest collection of information available today.





Be careful, however, as the Internet can become quite a maze if you do not know where to look. What you need is a guide or at least something to point you in the general direction where you should go. Here are some places in the Internet you can check out. 





1) On-line encyclopedias– These sites are visited a lot on the Internet because of the various types of information that can be gotten from them. These on-line encyclopedias are often used by people in search of comprehensive information regarding a certain topic or subject. If you are looking for information on tax debt attorneys for research purposes, then you can go to one of the on-line encyclopedias available on the Internet today. These on-line encyclopedias often offer information regarding the various specializations of tax debt attorneys, the methods that they use to help people and how they can be found. This means that you can actually find out how a tax debt attorney can help you through an on-line encyclopedia.

tax debt relief


2) Listings– Many firms prefer to list their contact details in various websites in order to become accessible to more clients. Searching through these listings for tax debt attorneys can pretty much be equated to searching in the yellow pages. Sites like these offer the various contact details of tax debt attorneys under one heading. This can be very convenient especially if you are still trying to make up your mind on which tax debt attorney to hire. Listings can also be very helpful if you have very little idea of what type of tax debt attorney that you will need. This way, you will be able to scout out if a certain firm or tax debt attorney will be able to help you before committing to anything.



3) Company sites– If you are interested in a specific firm or tax debt attorney but do not know how to contact them, you should try to find out if they have a website. Most companies today realize the fact that the Internet has become a very important medium in bringing information to people. Because of this, companies try to advertise on the Internet.

4) Web directories– People more or less begin their searches using web directories. Using this type of website, a person looking for tax debt attorneys would be able to screen results quite quickly. This means that a person looking for tax debt attorneys will be able to eliminate the ones that he or she does not need and stick to the ones that can help him or her the most.



Web directories are also very user friendly. This means that people using these sites to look for tax debt attorneys will have an easy time and not have to go through different processes such as clicking various buttons only to find out that they lead you to dead ends. This guide should at least help you get started on your search for tax debt attorneys. By following these tips, you should do just fine and you should be able to find the information you need in no time at all.

Owe $8,000 or more in IRS back taxes?

If you’re suffering from tax problems with the IRS and owe $8,000 or more in back taxes, penalties, and interest. 


tax debt


We’ll make sure you understand your rights and explore all the tax relief options available to identify the best course of action for your needs and circumstances.


tax relief

When taxpayers try to deal with the IRS on their own, the results are usually stress and frustration but if you enlist our help, all that worry will go away. We’ll negotiate directly with the IRS on your behalf to set up an affordable payment plan or take advantage of a suitable tax relief program. 

tax settlement



Having tax disputes is not easy to deal with by yourself, you need a trusted tax expert. Tax resolution X-perts are certified tax accountant, tax attorney, EA, CPA on your side. MOST PEOPLE GET THEMSELVES INTO EVEN DEEPER PROBLEMS’ JUST BECAUSE THEY DO NOT KNOW HOW TO DEAL WITH THE IRS. IRS tax issues can be resolved even if you owe hefty sums, and even if you haven't filed your taxes in years. If the problem is blown out of proportion, the IRS may file a federal tax lien, levy your bank account and wages, confiscate and sell your car, home or business. Reaching a tax resolution with the IRS can avert such catastrophic consequences. Do you owe $10,000 or more in back tax debt? 






Do you owe $10,000 or more in back tax debt? Call 877-541-6901 right now! 

How To Save On Back Tax Debt?

The time of the taxpaying is the most significant issue of concern for almost every individual. 

The people in this worry of paying a good amount in the form of taxes tend to forget that this will come back to them in the form of a number of facilities that will make the life a wonderful experience and the world a wonderful place to live. 



However, the lack of knowledge puts the people in the situation, where they tend to recognize some unlawful means to save their money from tax deductions. 



The people, who are businessmen, must possess the finely detailed documents of all kinds of expenditures.  It might appear a burdensome task for the busy businessmen, but it could be made easy by keeping the track of expenses on the regular basis and by keeping the receipts in the order. The IRS is more interested in exploring the records maintained by those individuals who are engaged in some kind of business activity. Thus, it becomes an obvious reason to have a proper maintenance of the records of expenditure. The majority of people are of the opinion that if there is more items that can be deducted from the taxes, and then they have to pay a less amount of money as tax. However, this is not true. The fact remains in the method of keeping the track of all kinds of business records of yours and preparing the best records will it help you to save a huge amount of money that you have to pay as taxes. 



The itemization of the tax is of great benefit if you really want to get a higher return by paying the taxes properly. It doesn’t matter that whether you are a having a small-scale business or the large-scale industry. The rules of tax deductions and the tactics of tax savings remain the same for all. By taking this effective route of tax saving, one can easily sail out of the rough weather.





The person, who pays his taxes on time, is doing some good not only to himself but also to the country. But, it is important to take care that one is not becoming the victim of high tax amounts. The track of tax saving leads you to the path of saving money and achieving the beneficial returns. 



IRS Form 433-A

The purpose of IRS Form 433-A is to provide the IRS with information about your income, expenses, and assets. IRS Form 433-A is a form filled out by a taxpayer who has been asked by the IRS to provide financial information in order that the IRS can begin to calculate how that taxpayer can pay off an outstanding tax debt.  


Tax debt



IRS Form 433-A should be used by taxpayers who are wage earners, or who are self-employed individuals who file a Schedule C. If you own a business and do not file a Schedule C (for example, if you own a corporation or are a partner in a partnership), then you will need to complete IRS Form 433-B as well. A professional tax company can provide IRS tax help with questions or with the filing of either form.


tax debt

You may be asked to complete an IRS Form 433-A by an IRS Revenue Officer or another official who wants to establish your ability to pay your existing balances with the IRS. Completing the IRS Form 433-A may allow you to establish that you are suffering a complete or partial financial hardship. On the other hand, by filing out IRS Form 433-A, you will also provide to the IRS information that they may not otherwise have about you.


Tax debt


Certain sections of IRS Form 433-A are filled out only by taxpayers who are self-employed. Usually, IRS Form 433-A is filled out when applying to the IRS for a tax debt repayment plan, such as an Installment Agreement (IA), an Offer in Compromise (OIC), or when applying for a Currently not Collectible (CNC) status, and has no other impact.



Tax debt

You should also be aware that if the IRS cannot verify the information provided on IRS Form 433-A (for example, by comparing your information to the W-2s sent to the IRS by your employer), then you may be asked to provide verification of the income, expense, and asset information. You can also expect the IRS to ask you for verification if your living expenses are particularly large when compared between the general cost of living in your county and the information given on IRS Form 433-A.


Tax debt

A tax professional can help you fill out IRS Form 433-A to make sure that you have provided all the necessary information and substantiating documentation. This is most helpful if you don’t have clear proof of some of your expenses (for example, if you pay rent, food, or utilities by cash). A tax professional will be able to walk you through the income and expense verification process the IRS will use, and help you decide how you want to prove your income, expenses, and assets on IRS Form 433-A. Visit the IRS website for form locations or to download a copy of IRS Form 433-A. Call Community Tax today for IRS tax help with forms and getting out to tax debt.

The offer in compromise process is really the heart of tax accounting.

There are almost always extenuating circumstances surrounding the need to submit an OIC, but at its core, preparing an excellent OIC is key to settle your tax debt for pennies on the dollar. Call 877-541-6901 right now for tax settlement consultation



This article covers three types of (OIC) offer in compromise:
  1. Doubt as to Liability
  2. Doubt as to Collect-ability


Doubt as to liability (DATL) comes into play when a taxpayer doesn’t owe the tax the IRS claims they do. This isn’t a question of amount or inability to pay the requisite tax, but rather a claim that a certain portion of the tax isn’t owed at all.  Doubt as to liability can be applied in numerous circumstances, some of which may include: Call 877-541-6901 right now for tax settlement consultation



  • The tax was discharged fully in bankruptcy.
  • The statute of limitations ran out on collections.
  • The tax has been incorrectly or erroneously assessed. 
  • The tax has been assessed to the wrong taxpayer.
  • The IRS misplaced an amended return.



Doubt as to collect-ability (DATC) is what most people associate with offer in compromise. This offer comes into play when the taxpayer doesn’t dispute that the tax is owed but has no way of paying the full amount owed. A doubt as to collect-ability offer will be based on what the IRS calls reasonable collection potential, or RCP. There are three components when calculating reasonable collection potential: equity, income, and allowed expenses. Call 877-541-6901 right now for tax settlement consultation

Friday, September 11, 2020

Trucker Tax Help


  1. Keep your receipts – a credit card statement and bank statement is not enough to prove an IRS tax deduction. If you buy fuel at a gas station the IRS does not know if you purchase food, beer or fuel without the receipt. The fuel receipt will prove that you purchased fuel. Therefore your receipt is evidence of your purchase. The IRS requires the credit card statement or bank statement and the Keep all of your receipts. 


  1. Receipts fade over time make copies of your receipts. Many stores today give receipts that fade over time and once they fade they cannot be read. If you have a receipt that has faded you have lost your IRS evidence to prove your tax deduction. I strongly recommend that every few weeks you take the time to copy all of the receipts that could possible fade. Copy as many receipts as you can fit on a page and then staple the original receipts to the copy. Therefore if you original receipt fades the copy of the receipt qualifies as IRS evidence of your purchase. Make copies of your receipts. 

  1. Best Evidence for a tax deduction – The best evidence for any tax deduction is a copy of a canceled check with the bank statement and the receipt or a copy of the credit card statement and the receipt.

  1. Do not pay for business expenses in cash – Try to pay all of your expenses with a credit card or check and get a receipt because this creates a paper trail to prove your tax deduction. If you have to pay in cash get a receipt and be aware that if you lose the receipt you lose your tax deduction.

  1. File your tax return even if you do not have the money to pay the IRS tax – The IRS imposes a Failure to File penalty and a Failure to Pay penalty. Therefore everyone should file the tax return even if you do not have the money to pay the tax to avoid the Failure to file penalty which can increase your tax liability by up to 25% over time. Remember you can always set up a monthly payment play with the IRS to pay the tax. So file your tax return on time. Keep in mind that if you do not pay your tax on time you will incur interest charges and Failure to pay penalty charges.

  1. Form 1099 for contract labor – The IRS requires that form 1099 be issued to any contract labor that is paid over $600. Therefore if you pay lumpers over $600 you are required to issue a form 1099. I strongly recommend that you obtain a copy of the lumper’s driver’s license, copy of their social security card and a receipt from the lumper. Also pay lumpers with a check not cash. If you do not get this information from the lumper your tax deduction for this expense will not be allowed by the IRS.

  1. Expenses under $25 – The IRS does not require a receipt for expenses that are under $25, however you are required to keep a diary and list what was purchased, the price and the name of the store that you made the purchase. If you do not keep a diary then get the receipt.

  1. Keep a Diary – Keeping a daily dairy is an excellent way to keep track of your expenses, locations of your overnight travel for your Per Diem and a summary of your business. Having a diary is a huge help for you to remember things during an IRS audit. You can also list purchases that are under $25 so you do not need a receipt. I strongly recommend that you maintain a daily diary for your business.

  1. Truck Expenses – Almost anything that you purchase for your truck is a tax deduction this includes but is not limited to: TV, microwave, coffee maker, computer, printer, car vacuum, pillow, bed sheets, tools, cleaning materials, load chains, GPS unit, jumper cables, air cleaner, CB radio, heater, fan, etc. keep in mind that these expenses add up to a lot of money over the year but if you do not keep track of your expenses you lose them Go to TAXRESOLUTIONXPERTS.com for your free list of over 200 Tax Deductions for Truckers.

  1. Consider hiring a bookkeeping service – Want to avoid all the hassles of keeping track of your business expenses and receipts, hire a bookkeeping service. You can find a bookkeeping service for under $100 per month and this service could save you thousands of dollars in taxes. Consider buying a Fujitsu Scansnap iX500 high speed scanner for about $400 to scan all your receipts into your computer and you can email the receipts to your bookkeeper. Even if you do not have a bookkeeper this scanner is an excellent way to keep track of your receipts and business documents.


How to Discharge of an IRS Tax Lien?

How to Discharge of  an IRS Tax Lien?



You need to submit form 14135, Application for Certificate of Discharge of Property from Federal Tax Lien at least 45 days before the sale or settlement meeting. Publication 783 provides the instructions for completing form 14135. 



You will need to describe the property, its appraised value, and other information. Most importantly, you need to provide a basis for the discharge of the IRS tax lien. When the IRS grants a lien discharge, it is doing you a favor. You need to give them a reason why they should grant your request. 




As stated above, the IRS will approve the discharge of a tax lien on a specific piece of property or properties with good reason. Taxpayers may use the following as a basis for a lien discharge: Your other property subject to the IRS tax lien is worth twice as much as your tax liability. For example, if your total tax liability is $45,000, you will need to have at least $90,000 worth of assets subject to the Federal tax lien after the IRS grants the lien discharge for the requested property. You pay the IRS an amount equal to their lien interest in the property being discharged. If you pay the IRS the same amount they could receive from their lien interest, they may give you a lien discharge. The IRS interest may be less than the full value of your property because other creditors, such as a mortgage lender, may have interests that are superior to the IRS tax lien. The mortgage lender’s interest is superior to the IRS tax lien, so the government’s interest in your property has no value You agree to sell your property and hold the funds subject to the IRS tax lien in escrow. You can use the sales proceeds to pay off a creditor with a superior interest to the IRS. In many cases, this could be a mortgage lender. But the rest of the funds have to stay in escrow subject to the IRS tax lien.



  • A third party provides a deposit or bond equal to the IRS lien interest in the property. If a third party owns property subject to your IRS tax lien, they can get a lien discharge by paying a deposit to the IRS. The third party has to file an action in district court challenging the lien interest within 120 days, or they forfeit the deposit.

Tax Resolution Attorney in California


Tax relief

If you are looking for California tax attorneys, you might have a lot of work ahead of you. First, you should realize the fact that a truly great service is worth searching for. 

Tax relief

Second, you should realize that there are people out there who would take advantage of you. Before making a deal or paying any money, make sure that you know enough about an Ohio tax attorney. 


Tax relief


You should have information gotten from other sources. You should be able to verify the authenticity of an Ohio tax attorney before hiring him or her. Before looking for a California tax attorney, try to make sure that you know enough about your problem. Ask around if there are people with similar cases and ask them how much they are paying for the services of their lawyers. You should be able to discern which charges are genuine and which are fake. By knowing this type of information, you won't be fooled by lawyers who want to get rich instead of helping you. Call 855-913-0249 for free tax consultation.




Tax relief