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| Freedom Tax Relief | Market Statistics | Tax Collection Timeline |
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FAQs/Helpful InformationFreedom Tax ReliefWe believe that the team at "Freedom" is the best in the industry. Our group comprises some of the best minds in consumer tax relief, including founders from Stanford Business School, managers from some of the largest players in tax relief (so called "tax mills" - which helped us to avoid mistakes that do not benefit the client), and tax attorneys who have quite literally "written the book" on tax solutions (Freedom's Supervising Tax Attorney co-authored a seminal book on tax problems and their solutions). Most importantly than our pedigree on paper, we all pride ourselves on exceptional client services and always working to save our clients the optimal savings. Call today to find out the "Freedom" difference, and speak to one of our friendly consultants. You only have your tax debts to lose! We are at: 1-800-455-6TAX - call us anytime. Market StatisticsLast year the IRS cancelled 3.89 million penalties, saving taxpayers $3.62 billion. When properly challenged, the IRS has canceled 60 cents of every dollar assessed in employment tax penalties. The amount of taxpayer delinquent IRS debt rose by 20% last year alone. IRS enforcement activity rose by over 26% last year (~1.8 million Liens, Levies, and Seizures placed by the IRS in 2003). In 1993 the IRS settled for just 14.8 cents on the dollar when a proper request was made for tax debt forgiveness. By asserting the right to a correspondence audit, the average tax audit bill was reduced by as much as 58%. The amount of income taxes reported owed but not collected by the IRS totaled more than $200 billion at last count - that number doubles to over $400 billion if you include the estimated taxes owed on unreported/unfiled returns. Over 2.6 million taxpayers are on an installment plan, paying over $4.5 billion to the IRS, and successfully avoiding wage and bank levies and property seizures. 15% of all taxpayers owe back taxes. Tax Collection TimelineMany taxpayers face stress and confusion when they face collection and/or enforcement action by the IRS. Below is information regarding the IRS' collection efforts and timeline. The IRS designates taxes assessed and not paid as a "Taxpayer Delinquent Account" ("TDA"). A TDA file can be in one of six IRS steps in their delinquent tax collection cycle: 1. Pre-Assessment: Tax liability is determined but not yet assessed. In pre-assessment, you can pursue an Offer in Compromise, Installment Agreement, and CNC status designation. 2. IRS Service Center: This is the notice stage, whereby a computer generated notice (a statutory notice and demand) is sent to the taxpayer. The last notice sent by the Service Center is an "Intent to Levy" notice. 3. Automated Collection System: ACS is a computer based auto-dialer collection system. Frequently, accounts are placed at the ACS level for up to the 12th month of collection. ACS collectors will seek to discover a delinquent taxpayer's financial profile, including income, expenses, and assets. ACS is an appropriate time to negotiate an Installment Agreement or CNC status. 4. Queue - Accounts that do not get routed to Field Collectors sit in the queue based on probability of collection and collectability. 5. Collection Field - This is the stage when accounts are actively worked by field Revenue Officers. Field Officers will attempt to contact and collect from delinquent taxpayers. 6. Special Procedures - These cases require specialized care, including bankruptcy, foreclosure, litigation, lien releases and other non-traditional efforts. If you would like to discuss your particular situation, call us anytime at: 1-800-455-6TAX. |