SOURCE: Fresh Start Tax, LLC

Fresh Start Tax, LLC

October 11, 2011 06:00 ET

IRS Tax Debt Settlement Guidelines From Fresh Start Tax, LLC, the Premier Tax Resolution Firm in the Nation Specializing in Tax Relief

FORT LAUDERDALE, FL--(Marketwire - Oct 11, 2011) - Most people have absolutely no idea about Tax Relief and IRS Tax Debt Settlements. People simply hear commercials about "pennies on the dollar," and they expect a tax settlement from the IRS for a drastically reduced amount. If that were the case, then no one would pay their taxes and would file for Tax Debt Settlements every year.

Sad to say, these taxpayers will pay thousands of dollars to tax resolution companies that will tell them anything to retain a client and earn a commission. Taxpayers will usually speak to a sales person who knows absolutely nothing about Offers in Compromise. They are wasting their money. Last year, the IRS accepted 12,000 Offers in Compromise; this was a 25% acceptance rate.

The Offer in Compromise or the Tax Debt Settlement program is a work-of-art to get through the system, and unless you have worked on these Offers, and know the system well, most people expecting to get tax settlements through these Offers are absolutely wasting their money.

Our staff consists of former IRS Agents/Managers who have actually worked with the Offer in Compromise Program at the IRS. Our staff members have actually taught the Offer Program at the IRS Regional Training Offices.

Getting an offer accepted by the IRS is an art of knowing when to file the Offer. When filing an Offer -- timing is critical. The very best time to file an Offer and to get an IRS settlement is when all of the following circumstances exist:

1. Your income is the lowest.
2. Your necessary expenses are the highest.
3. You have little cash in the bank and have few or no assets.
4. You have to borrow the money to submit with the Offer.
5. You have had your Offer pre-qualified by a tax professional to make sure your Tax Debt Settlement qualifies for a settlement.

The staff of Fresh Start Tax LLC has over 165 years of professional tax experience and over 25 years of direct work experience at the IRS in the local district and regional offices of the Internal Revenue Service. On staff are Ex-IRS Agents, CPAs and Enrolled Agents.

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