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UNDERSTANDING THE PROCESS


STEP 1: Tax Investigation

Investigating Your Tax Situation

In order to determine the best tax debt resolution option for you, we must first conduct a thorough tax debt investigation of your financial situation. During this investigation, our tax professionals will compile a snapshot of your financial position in relation to your tax liability. Our investigation concludes with a determination and customization of the most beneficial IRS tax resolution program for which you qualify.

Tax Resolution Process

Phase 1

Filing of Power of Attorney with the IRS: Filing Form 2848 - Power of Attorney conveys to the IRS that you wish to exercise your right to be represented by a third party – Tax Muscle in this instance – who is authorized to practice before the IRS. Once the Power of Attorney is on file, we can assume all tax communications and negotiate resolution options with the IRS on your behalf without the need for you to be present or speak directly to the IRS. Our representation of you as tax professionals will demonstrate to the IRS that you are earnest in your desire to resolve your tax problem and we will iterate that fact to them during our first conversation.

Phase 2

Acquisition of Individual Master File: After the IRS affirms our power to represent you, we will acquire your Individual Master File (IMF) transcripts. The Individual Master File (IMF) is a data base of electronic information about your tax account that is maintained by the IRS. It is the authoritative data source for individual tax account data and will show us important information about your tax account such as amount owed, penalties applied, and interest accrued. The information that we glean from these transcripts will give us a complete perspective on the status of your tax situation, which we will then implement into the structure of your tax resolution proposal to the IRS.

Phase 3

Oral Communication with IRS Collections Division: An oral conversation between our tax experts and the IRS will allow us to confirm, reject, or further investigate any information received from the IRS through written communications. We will directly contact whichever IRS division or employee has been assigned to handle the audit or collections responsibilities of your tax case. We will present ourselves as your tax representation and propose a comprehensive plan that outlines exactly how we intend to bring you back into compliance on both your current tax account and moving forward. Our ultimate objective is to prevent the use of any enforced IRS collections actions against you while we work toward the resolution of your tax problem.

Phase 4

Preparation of Collection Information Statement: In order to shed an accurate light on your financial situation, it is necessary that we prepare IRS Form 433 - Collection Information Statement. Form 433 will enable us to compile a vivid picture of your financial condition based on your assets, income, expenses, and future earnings potential. As the completion of this form can be a daunting task, we will aid you in completing it, gathering any supplementary information that may help to bolster your case in the process.

Understanding the Process

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