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Before you agree to an IRS Installment Agreement, you should find out if you can have the penalties abated, if you can be placed into Currently Not Collectible status or settle your entire tax debt with an Offer in Compromise.
 

As far as the standard installment agreement for people owing less than $50,000 in back taxes, the IRS has a program known as the Fresh Start Initiative that turns an Installment Agreement into a streamlined process for paying off your tax debt over time.


The Fresh Start Initiative program has been expanded to allow people owing between $25,000 and $50,000 to participate. Additionally, under the Fresh Start initiative, the maximum term has been raised from 60 months to 72 months.


If you owe more than $50,000, it may be necessary to enter into an Installment Agreement to pay down a portion of your debt so that you can qualify for an installment agreement. By working with our team, you will benefit from our lawyers handling the sensitive negotiations with the IRS. Our goal is to keep your money in your pocket.

 

Our Tax Professionals Will Help You Settle Your IRS Problem.


Call the team at Flat Fee Tax Relief today for your free consultation or use the online form.

1-866-747-7435

Coast to Coast Failure to File Help

If you are a citizen of the United States and you make an income, you are probably required to file taxes. Some people think that not filing taxes is a better idea than filing taxes in the case that they cannot afford their tax debt. Sadly, the opposite is true.

It is against the law not to file your tax returns. It is not against the law to owe the IRS tax debt. It is always in your best interest to file your taxes if you have a legal obligation to do so. In fact, if you file your taxes but cannot afford your tax burden, the IRS will usually work with you to develop a payment plan or possibly settle your tax debt (Offer in Compromise). On the other hand, if you simply try to cheat the IRS by refusing to file, harsh penalties may be assessed.


 

The consequences of not filing your taxes extend beyond just your financial picture. In fact, potential ramifications of unfiled taxes include:

  • Failure to file penalties. The IRS will likely assess a fee (based on a percentage of your total tax burden) for every month you are late on taxes. The cap is 25 percent.

  • Yes, you can be arrested and charged for failing to file your taxes. You do not want to spend time in prison because you did not file your taxes.

  • Liens and levies. If you continue to not file and pay your taxes, the IRS will do everything it can to recover its money. This will likely include putting liens and levies against your assets, including garnishing your wages or seizing your property.

 

Unfiled Tax Returns

What Will Happen When the IRS Finds Out


Some people do slip through the system and get away with not filing their taxes. However, these cases are few and far between; with electronic record-keeping for nearly everything in today’s world, escaping the IRS is nearly impossible. If the IRS finds out that you have not paid your taxes, they will contact you either by mail or with a visit by a Revenue Officer. The IRS will demand that you file your tax returns (and pay) within a 30-day time period. Furthermore, the IRS may bring in a criminal investigator to help them press charges against you.

Should the IRS order a tax levy and start to seize your wages or confiscate your bank account, the IRS will not stop and release the tax garnishment without having your tax returns filed. Most of C.P.A.'s and tax resolution companies will not release tax returns without payment in full. Not the case with our team of tax professionals. 


Do Not Be Stuck with the Penalties of Unfiled Taxes


Remember, it is always within your best interest to file your tax returns, even if you cannot pay the amount owed at the time of filing. If you have received notice from the IRS that you have not filed your tax returns are you are requested to do so, our tax attorneys can help.

The IRS will not allow you to do anything as in getting into an Installment Agreement or an Offer in Compromise without filing the last 6 years of tax returns. This will make you compliant with the IRS.


At Flat Fee Tax Relief, we are ready to go to work for you. We offer over the phone consultations and that includes consultations on the weekend.

IRS Tax Relief Programs

 Flat Fee Tax Relief - 1-866-747-7435

Clearwater, FL - San Diego, CA

Coast to Coast

Very Affordable Tax Debt Help

IRS Tax Relief Programs