Fresh Start Tax 1-866-700-1040 Received an IRS Levy on Canadian Tax? Call us today.
Did the IRS send you a tax levy on a T1 Tax liability?
These are amounts due and owing to the Government of Canada and is being collected on behalf of Canada in accordance with Article XXVIA of the UNA-Canada income tax convention and applicable laws of the United States of America.
Payments should be made payable to the receiver General Canada, not the United States, but should be mailed to the IRS address contained on the levy notice. The IRS is the coordinator on these events.
If you need relief, call us today.
Our Company Resume:
Our staff has over 110 years of professional tax representation experience collectively
On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
Highest Rating by the Better Business Bureau ” A “
Extremely ethical and moral principles used
Fast, affordable, and economical
Licensed to practice in all 50 States
Premium on client communication
Nationally Recognized Veteran Former IRS Agent
Nationally Recognized Published Tax Expert
Fresh Start Tax is one of the premier tax resolutions firms in the country. We deal with all types of civil cases including individuals, businesses, corporate and defunct corporations. We have staff that specializes in every facet of the Internal Revenue Service.
We know all the IRS strategies.
Some of our many specialties include the following:
Tax on Early Distributions from Traditional and Roth IRAs
History:
To discourage the use of IRAs for purposes other than retirement, the law imposes a 10% additional tax on early distributions from both traditional and Roth IRAs unless an exception applies. Generally, early distributions are those you receive from an IRA before reaching age 59 1/2.
Distributions that you roll over or transfer to another IRA or qualified retirement plan are not subject to this 10% additional tax.
There are exceptions to this 10% additional tax for early distributions that are:
made to a beneficiary or estate on account of the IRA owner’s death
made on account of disability
made as part of a series of substantially equal periodic payments for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary
made to pay for a qualified first-time home purchase
not in excess of your qualified higher education expenses
not in excess of certain medical insurance premiums paid while unemployed
not in excess of your unreimbursed medical expenses that are more than a certain percentage of your adjusted gross income
due to an IRS levy, or
a qualified reservist distribution
Refer to Publication 590, Individual Retirement Arrangements, for more information on these exceptions.
Other exceptions apply to distributions from other qualified employee retirement plans. For information on these exceptions, refer to Topic 558, or to Publication 575.
The 10% additional tax is reported on Form 5329 (PDF). However, you do not have to file Form 5329 if your Form 1099-R (PDF) shows distribution code “1” or “J” in Box 7.
In this instance, you need only enter the 10% additional tax on the appropriate line of your Form 1040 (PDF). If you meet one of the exceptions to the tax, and your Form 1099-R does not have a distribution code “2”, “3”, or “4” in the box labeled “distribution code(s)”, or if the code shown is incorrect, you must file Form 5329 to claim the exception.
Federal income tax withholding is required for distributions from IRAs unless you elect out of withholding on the distribution. However, if you elect out of withholding, you may have to make estimated tax payments. For more information on estimated tax payments, refer to Publication 505, Tax Withholding and Estimated Tax.
Resume:
Our staff has over 110 years of professional tax representation experience collectively
On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
Highest Rating by the Better Business Bureau ” A “
Extremely ethical and moral principles used
Fast, affordable, and economical
Licensed to practice in all 50 States
Premium on client communication
Nationally Recognized Veteran Former IRS Agent
Nationally Recognized Published Tax Expert
Fresh Start Tax is one of the premier tax resolutions firms in the country.
We deal with all types of civil cases including individuals, businesses, corporate and defunct corporations.
We have staff that specializes in every facet of the Internal Revenue Service. We know all the IRS strategies.
Some of our many specialties include the following:
Fresh Start Tax 1-866-700-1040 Highest Rated by the Better Business Bureau National Tax Practice Immediate IRS Tax Relief
If you are having a problem with 720 Excise Tax call us today. We are former IRS Agents who have handled hundreds of these cases. We can get you results today. We can get payment agreements or possible tax settlements on these cases.
How to stop the IRS Enforcement Computer System. Wage Garnishment and Bank Levies.
The IRS requires three specific things to stop enforcement action. The will need:
All tax returns filed and brought current. The IRS will not release any tax levies until this happens.
A current financial statement, a 433F, with documentation to verify the financial statement is correct.
How you are planning to close your case. The Three options in closing your case are:
that you are under a current hardship and cannot pay at this time
that you want to enter into an installment agreement or payment plan with the IRS
that you want to file a quality offer in compromise with the IRS
Answers to Common Questions
How do I know if my business remains liable for excise taxes?
Your business is liable for excise tax if it involves goods, services, or activities identified on Form 720.
If I no longer owe excise taxes where do I mail my final Form 720?
File a final Form 720 if you no longer owe excise taxes because you’re either going out of business or you will not owe excise taxes in future quarters. Check the final return box above Part I of Form 720 and mail to IRS, Cincinnati, OH 45999-0009
Our Company Resume:
Our staff has over 110 years of professional tax representation experience collectively
On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
Highest Rating by the Better Business Bureau ” A “
Extremely ethical and moral principles used
Fast, affordable, and economical
Licensed to practice in all 50 States
Premium on client communication
Nationally Recognized Veteran Former IRS Agent
Nationally Recognized Published Tax Expert
Fresh Start Tax is one of the premier tax resolutions firms in the country. We deal with all types of civil cases including individuals, businesses, corporate and defunct corporations. We have staff that specializes in every facet of the Internal Revenue Service. We know all the IRS strategies.
Some of our many specialties include the following:
In round numbers approx. 48,000 Offers in Compromise were filed last year.
Approx. 12,000 were accepted by the IRS.
12 Offers of Effective Tax Administration were accepted last year.
50% of all offers are sent back upon receipt because of insufficient information.
The average settlement on a percentage basis was 14% on the dollar.
To date, the IRS is 6-9 months behind on working each case.
Our Company Resume:
Our staff has over 110 years of professional tax representation experience collectively
On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
Highest Rating by the Better Business Bureau ” A “
Extremely ethical and moral principles used
Fast, affordable, and economical
Licensed to practice in all 50 States
Premium on client communication
Nationally Recognized Veteran Former IRS Agent
Nationally Recognized Published Tax Expert
Fresh Start Tax is one of the premier tax resolutions firms in the country. We deal with all types of civil cases including individuals, businesses, corporate and defunct corporations. We have staff that specializes in every facet of the Internal Revenue Service. We know all the IRS strategies.
Some of our many specialties include the following:
Fresh Start Tax 1-866-700-1040 A Nationally Recognized Tax Firm Highest Rated by the Better Business Bureau Former IRS Agents
Are you having an IRS Tax Problem that needs immediate resolution? Call, video conference ( Skype for free ) or email us today. Free initial consultation.
We can resolve your problem immediately. We know all the IRS strategies because we are former IRS Agents.
Nationally Recognized Tax Firm. If you are having any type of problem with the IRS, we can resolve the situation.
Fresh Start Tax 1-866-700-1040 is the Highest Rated by the BBB. On staff are Nationally Recognized Veteran IRS Tax Agents, CPA’s, and Board Certified Tax Attorneys.
We are licensed in all 50 States. We have 110 years direct tax experience and have on staff a Nationally Recognized Published Tax Expert.
IRS Tax Audits, IRS Collection Issues, Tax Settlements, Offer in Compromise, Federal Tax lien releases , IRS bank levies, IRS Wage Garnishments, IRS Tax Audits, Back or unfiled tax returns
Our Company Resume:
* Our staff have over 110 years of professional tax representation experience collectively
* On staff, Board Certified Tax Attorneys, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
* Highest Rating by the Better Business Bureau ” A ”
* Extremely ethical and moral principles used
* Fast, affordable, and economical
* Licensed to practice in all 50 States
* Premium on client communication
* Nationally Recognized Veteran Former IRS Agent
* Nationally Recognized Published Tax Expert
Fresh Start Tax is one of the premier tax resolutions firms in the country.
We deal with all types of civil cases including individuals, businesses, corporate and defunct corporations. We have staff that specializes in every facet of the Internal Revenue Service.
We know all the IRS strategies. Some of our many specialties include the following:
* Immediate Tax Representation
* Offers in Compromise/Settlements
* Back Tax Relief
* Bank Garnishments or Tax Levies
* Wages Garnishments or Levies
* IRS Notices of Intent to Levy or Final Notices
* IRS Tax Audits
* Hardships Cases, Payment Plans
* Innocent Spouse
* Abatement of Penalties and Interest
* State Sales Tax Cases
* Trust Fund Penalty Cases/ 6672
