Ideal Tax

Who owes the IRS the most money

Our attorneys are experts in criminal law and will examine your case to determine the best way to help you. We will request a copy of the California Department of Justice Criminal History Report as well as other court records to help you make informed decisions about your record relief options. For more information about the Fresh Start process, click here

To learn more about the IRS Fresh Start Program, contact us for a tax case review.

Numerous businesses that have been seriously impacted (COVID-19), can qualify for employer tax credit - the Credit for Sick and Family Leave Credit and an Employee Retention Credit.

Does the IRS know when you open a bank account

You must meet income limits to be eligible for these credits. And you can’t claim both credits for the same student and the same expenses.

Guillot stated that it was crucial for us, the nation, to resume our tax compliance responsibilities. However we continue to assess the wide range of COVID-19's impacts and other problems people are experiencing.

We've only briefly covered the basics of this program. We are available to answer any questions you may have, to give you a definitive answer about eligibility, and to help you apply for the Fresh Start Initiative. No matter what your situation, our friendly, qualified tax professionals can help you find the best way to move forward.

Who qualifies for Offer in Compromise

We'll first identify any potential penalties or interest charges you should be aware of between now and the time you are approved for a relief plan. Next, we will discuss your circumstances with you in order to determine which Fresh Start tax program option is best for you. To increase your chances of getting accepted, we'll walk you through each step of the application process. Because we understand the language of the IRS, we can help our clients with all aspects of the application process. Our team will help you with your tax journey and ensure you are in compliance after you have been accepted to the Fresh Start program. This could include helping you file your taxes on-time to avoid violating your agreement. Call us today to learn more about how you can get tax relief under the IRS Fresh Start program.

Let’s be clear: the IRS Fresh Start program is not actually one program. It’s actually a number of tax debt relief solutions offered by the agency. Some of the most common relief options available to taxpayers under the Fresh Start tax program include:

Our lawyers will review your criminal history to find the most appropriate remedies for you. In order to provide you with the most accurate advice on your record relief options we will obtain a copy of any California Department of Justice Criminal History Report. Click here for more information on the Fresh Start procedure.

Who qualifies for Offer in Compromise
What is tax relief and how does it work

What is tax relief and how does it work

We've only briefly covered the basics of this program. We are available to answer any questions you may have, to give you a definitive answer about eligibility, and to help you apply for the Fresh Start Initiative. No matter what your situation, our friendly, qualified tax professionals can help you find the best way to move forward.

This step provides relief for both individuals and businesses affected by the pandemic. It also allows the IRS to concentrate its resources on backlogged tax returns, taxpayer correspondence and to return to normal operations for 2023 filing season.

The IRS is willing to work with taxpayers who are in default with their taxes. First, you must prove your eligibility. Find out more about the requirements for offer-in-compromise programs.

Can IRS take your house

Academic Fresh Start allows Texas residents to enroll in college without any previous academic failures.

For more information, see IRS guidance regarding retroactive terminations of the Employee Retention Credit.

If you offer to pay over the course of a payment plan, your first payment should be the monthly amount suggested in your plan. Make this payment once a month until you receive notice from the IRS. At that point, if your offer has been accepted, continue making the monthly payments until your balance is paid in full. This must take no more than 24 months after the offer is accepted.

Can IRS take your house
Do tax liens expire in California
Do tax liens expire in California

Reconstructing Your RecordsReconstructing records after a disaster may be essential for tax purposes, getting federal assistance or insurance reimbursement. Some records may be required by taxpayers to prove their loss following a disaster. The more you can estimate the loss accurately, the more money you may be eligible for grant or loan money.

If you are applying for an offer of compromise, you must complete and include several forms. Along with the offer, you will need to include a collection information statement regarding individuals and/or companies.

An IRS Fresh Start Program Offer in Compromise, or OIC, is an agreement that allows taxpayers to resolve their tax debt for less than the full amount they owe. It is the best form of Fresh Start tax relief available through the Fresh Start Initiative.Although an Offer in Compromise is the best option to reduce your tax debt through the Fresh Start Program, the qualifications are strict. This method is reserved only for taxpayers who are in difficult economic situations, and do not have the financial resources to pay off their federal tax debt in full. Due to the strict requirements for an OIC, not everyone who owes thousands of dollars to the IRS will qualify for the program.Your chances of achieving an Offer in Compromise increase tremendously if you have a certified tax relief company on your side. Tax experts have a skillful understanding of the IRS Fresh Start Program qualifications, and will not be bullied or tricked by the IRS into a less-than-optimal resolution.Please refer to our “How to Avoid Tax Relief Scams” section to ensure that you stay away from fraudulent tax resolution companies in your search for professional tax relief representation. These companies will promise you an OIC without first analyzing your specific tax situation and preparing the necessary forms for the IRS. The IRS is the ONLY entity that can approve of an Offer in Compromise. The right tax relief company will be transparent about their process, experienced in negotiating with the IRS and getting results for their clients, and will center their strategies around you and your financial needs.

Can the IRS go after your family

OIC is becoming more popular among people of all income levels and ages. The IRS accepted 25,000 out of 62,000 offered Offers in Compromise in 2017. This is a 40% approval rate and amounts to nearly $256 million. The average dollar amount accepted was $10,234.

We'll first identify any potential penalties or interest charges you should be aware of between now and the time you are approved for a relief plan. Next, we will discuss your circumstances with you in order to determine which Fresh Start tax program option is best for you. To increase your chances of getting accepted, we'll walk you through each step of the application process. Because we understand the language of the IRS, we can help our clients with all aspects of the application process. Our team will help you with your tax journey and ensure you are in compliance after you have been accepted to the Fresh Start program. This could include helping you file your taxes on-time to avoid violating your agreement. Call us today to learn more about how you can get tax relief under the IRS Fresh Start program.

Confirm that you are eligible to submit a proposal using the Offer in Compromise Prequalifier Tool.

Ideal Tax
Can the IRS go after your family