Get rid of IRS Penalties and Interest – Former IRS Agents / Insiders – IRS Tax Experts – 1-866-700-1040

Get rid of IRS Penalties and Interest 1-866-700-1040

 

Have IRS Insiders and Former IRS Agents work for you. If you have reasonable cause, we will get your money back, its that simple.

 

There are several ways to remove IRS Penalties and Interest. As Former IRS Agents and Managers we know all the techniques and best case practices to get rid of IRS Penalties and Interest.

 

Call us today at 1-866-700-1040 with your specific case and we will let you know the best way to abate, get rid of or remove IRS penalties and interest.

 

When it comes to filing your tax return, however, the law provides that the IRS can assess a penalty if you fail to file, fail to pay or both.

 

Failure to File, Failure to Pay:

 

 

Here are important points about the two different penalties you may face if you file or pay late.

 

1. If you do not file by the deadline or due date of the tax return, you will face a failure to file penalty.

If you do not pay by the due date, you could face a failure to pay penalty.

2. The failure-to-file penalty is generally more than the failure to pay penalty. So if you cannot pay all the taxes you owe, you should still file your tax return on time and pay as much as you can, then explore other payment options. Always file your tax return timely. This is the highest penalty the IRS assesses.

3. The penalty for filing late is usually 5 percent of the unpaid taxes for each month or part of a month that a return is late. This penalty will cannot exceed 25 percent of your unpaid taxes. It therefore tops out at 25%. Interest is assessed on penalties as well.

4. Exception –  If you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100 percent of the unpaid tax.

5. If you do not pay your taxes by the due date, you will generally have to pay a failure to pay penalty of ½ of 1 percent of your unpaid taxes for each month or part of a month after the due date that the taxes are not paid.

This penalty can be as much as 25 percent of your unpaid taxes. This penalty also tops out as well.

6. If you request an extension of time to file by the tax deadline and you paid at least 90 percent of your actual tax liability by the original due date, you will not face a failure to pay penalty if the remaining balance is paid by the extended due date.

7. If both the failure to file penalty and the failure to pay penalty apply in any month, the 5 percent failure-to-file penalty is reduced by the failure-to-pay penalty.

However, if you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100 percent of the unpaid tax.

8. You will not have to pay a failure-to-file or failure-to-pay penalty if you can show that you failed to file or pay on time because of reasonable cause and not because of willful neglect.

 

See our website for a comprehensive list of reasonable causes for penalty abatement.

Call us today, 1-866-700-1040. On staff, Board Certified Tax Attorneys, CPA’s and Former IRS Agents.

 

How to make payments to the IRS – Easy & Quick – IRS Tax Experts

How to Make Payments to the Internal Revenue Service

There are several different ways to pay your IRS tax liability. If you do not have the money at this time this is not a problem. We can solve all IRS tax problems.

Call us at Fresh Start Tax LLC 1-866-700-1040 and we can work out a tax settlement for you. We can get you tax relief.

For those of you who can or want to pay right now here are there different payment options you may want to consider:

1. You could pay by credit or debit card.

You can use all major cards (American Express, Discover, Master Card or Visa) to pay your federal taxes. For information on paying your taxes electronically, including by credit or debit card, go to www.irs.gov/e-pay or see the list of service providers below.IRS takes everything but barter.

There is no IRS fee for credit or debit card payments. If you are paying by credit card, the service providers charge a convenience fee based on the amount you are paying.

Should you chose to pay by by debit card, the service providers charge a flat fee of $3.89 to $3.95. Do not add the convenience fee or flat fee to your tax payment.

The processing companies are:

WorldPay US, Inc.:
To pay by credit or debit card: 888-9PAY-TAX (888-972-9829), www.payUSAtax.com

Official Payments Corporation:
To pay by credit or debit card: 888-UPAY-TAX (888-872-9829), www.officialpayments.com/fed

Link2Gov Corporation:
To pay by credit or debit card: 888-PAY-1040 (888-729-1040), www.pay1040.com

If you need additional time to pay call us to get any easy payment plan or installment agreement from the IRS.

We can get a nice easy payment plan for you today.

 

Estimated Taxes – Tax Tips – Former IRS – IRS Tax Help – IRS Representation

If you make estimated tax payments this is something you might want to read.

Most taxpayers that owe money to the IRS do so simply because they fail to make their estimate tax payments.

Since self employed individuals do not have withholding taken out of their checks, the ES or Estimated payments are the easiest and best way to make sure you do not have a large tax payment the end of the year.

You may need to pay estimated taxes to the IRS during the year if you have income that is not subject to withholding.

These tips from the IRS explain estimated taxes and how to pay them.

1. If you have income from sources such as self-employment, interest, dividends, alimony, rent, gains from the sales of assets, prizes or awards, then you may have to pay estimated tax.

2. You must pay estimated taxes in 2012 if both of these statements apply:

1) You expect to owe at least $1,000 in tax after subtracting your tax withholding (if you have any) and tax credits, and

2) You expect your withholding and credits to be less than the smaller of 90 percent of your 2012 taxes or 100 percent of the tax on your 2011 return. Special rules apply for farmers, fishermen, certain household employers and certain higher income taxpayers.

3. For Sole Proprietors, Partners and S Corporation shareholders, you generally have to make estimated tax payments if you expect to owe $1,000 or more in tax when you file your return.

4. To figure your estimated tax, include your expected gross income, taxable income, taxes, deductions and credits for the year.

You can use the worksheet in Form 1040-ES, Estimated Tax for Individuals, for this. You want to be as accurate as possible to avoid penalties. Also, consider changes in your situation and recent tax law changes.

5. The year is divided into four payment periods, or due dates, for estimated tax purposes. Those dates generally are April 15, June 15, Sept. 15 and Jan. 15 of the next or following year. Depends of holidays.

6. Form 1040-ES, Estimated Tax for Individuals, has everything you need to pay estimated taxes.

It includes instructions, worksheets, schedules and payment vouchers. However, the easiest way to pay estimated taxes is electronically through the Electronic Federal Tax Payment System, or EFTPS, at www.irs.gov. You can also pay estimated taxes by check or money order using the Estimated Tax Payment Voucher or by credit or debit card.

Our Company Resume: ( Since 1982 )

  • Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
  • On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
  • We taught Tax Law in the IRS Regional Training Center
  • Former IRS Agents, Managers and Instructors with over 60 years experience  in the local, district and regional IRS offices.
  • Highest Rating by the Better Business Bureau  “A”
  • Fast, affordable, and economical
  • Licensed and certified to practice in all 50 States
  • Nationally Recognized Veteran /Published  Former IRS Agent
  • Nationally Recognized Published EZINE Tax Expert
  • As heard on  GRACE 90.3 FM Monthly Radio Show-Business Weekly
  • Audit proof your tax return


See our Home Page for more details     Thank you

Tax Masters – Clients call Fresh Start Tax – 1- 866 -700-1040 – CNN, Fox News, MSNBC owed thousands

If you are a TAX MASTERS client and need immediate tax help to resolve your IRS tax problem call Fresh Start Tax LLC. “A ” Rated by the BBB!

We will offer a free tax consult and a major discount. 1-866-700-1040.      Do not be ripped off again!

 

TaxMasters is gone and left some major players holding the bag.

The writing was all over the wall on this one. The word on the street, the last of the big 3 to be taken down.With hundreds of complaints and AG filings everyone in the industry knew this was coming, it was only a matter when. You cannot falsely advertise and get away with it.

TaxMasters was one of the big three that advertised heavily on TV, Cable …… and it seems almost on every station.

The airwaves were full of tax attorney Patrick Cox telling people he could settle their tax debt for cheap. Thousands bought the pitchman’s adds and they are now all holding the bag.

The biggest loser on this was not the television show but CNN with a $2.6 million owed to them. Sad!

According to reports filed and Janet Novak, ” TaxMasters’ unsecured creditors are unlikely to see much, if any, cash. In its new filing, TaxMasters listed just $1.7 million in assets. Moreover, according to the Texas Attorney General, last Friday a Travis County Texas jury returned a $195 million verdict against TaxMasters and Patrick Cox, its founder and CEO, for 110,383 violations of the Texas Deceptive Trade Violations Act. Some $113 million of that total is a refund of client fees, and another $81 million is civil penalties. TaxMasters’ clients typically owe the Internal Revenue Service large amounts of back taxes they can’t pay and may be facing IRS enforcement actions, such as liens and levies. The Texas AG charged in its lawsuit that TaxMasters misled potential customers, both in its advertising and in its customer contacts, about its policies—for example, failing to disclose that it wouldn’t start work on a case until a customer paid in full for its services, even it meant missing important IRS deadlines.

According to TaxMasters’ restated first quarter 2011 financial report—the last quarter it has reported to the SEC—the company had $13.1 million in quarterly revenues, and spent $4.1 million on advertising during those three months. “The Company believes advertising is the engine that drives sales,’’ the report states. TaxMasters’ best known ads featured the red-bearded Cox assuring potential clients that his staff of tax pros, including former IRS agents, had helped “many good people just like you.”

The bottom line, large companies cannot manage all the work that comes in.  There advertising dollars far exceeds there personnel to work these cases. Also, many of the calls TaxMasters received were based on deceptive advertising and offering to settle for pennies on a dollar. While true, few taxpayers get there cases settled.

So who got stuck footing the advertising bill?

In addition to CNN, TaxMasters’ 20 largest listed creditors include:

News Corp.’s Fox News Channel (owed $938,414);

Houston advertising firm Maxximedia (owed $1,326,676);

American Express (owed $679,497);

The Radio Network Westwood One, now a part of Dial Global (owed $676,000);

History Channel (owed $653,820);

MSNBC (owed $259,441);

Yahoo (owed $196,475);

Dial Global’s Weather Channel (owed $172,233);

The Discovery Channel (owed $136,850)

and Disney’s ESPN (owed $94,265).

If you have an IRS tax issue, owe back taxes, unfiled tax returns, tax problems, owe IRS –  call us today to get your problem permanently resolved.


Innocent or Injured Spouse Tax Relief – New Tax Rules – IRS Tax Relief – Former IRS – Apply today

Fresh Start Tax The IRS are changing the rules about Innocent Spouse and injured Spouse cases making it much easier for cases to be accepted.

For many years IRS has played hardball regarding Innocent and Injured Spouses cases.

With a host of taxpayer complaints IRS has lighten some of the requirements to get these cases through the system. The complaint worked.

As former IRS Agents and Managers we have worked hundreds of cases.

To see if you qualify for Innocent or Injured Spouse tax relief call us today. 1-866-700-1040.

 

The  New Rules have changed making it easier to qualify for innocent or injured spouse. These new rules are a breathe of fresh aire because the old rules favored the Internal Revenue Service.

Contact us at freshstarttax.com

 

News about the new program for Innocent Spouses:

 

The Internal Revenue Service  announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests.

After a thorough review of both injured and innocent spouses cases these are the results:

  • The Internal Revenue Service will no longer apply the two-year limit to new equitable relief requests or requests currently being considered by the agency.
  • A taxpayer, whose equitable relief request was previously denied solely due to the two-year limit,  you may reapply using IRS Form:
  •  8857, Request for Innocent Spouse Relief,
  • The IRS will not apply the two-year limit in any pending litigation involving equitable relief, and where litigation is final, the agency will suspend collection action under certain circumstances. The change to the two-year limit is effective immediately, and details are in Notice 2011-70, posted on IRS.gov. This policy change will become operational in the fall and more guidance will be forthcoming.

 

Injured or Innocent Spouse Tax Relief

 

 

You may be an injured spouse if you file a joint tax return and all or part of your portion of a refund was, or is expected to be, applied to your spouse’s legally enforceable past due financial obligations.

Here are some facts about claiming injured spouse relief:

1. For you to be considered an injured spouse; you must have paid federal income tax or claimed a refundable tax credit, such as the Earned Income Credit or Additional Child Tax Credit on the joint return, and not be legally obligated to pay the past-due debt.

2. Special rules may apply in community property states.

For more information about community property status and the factors used to determine whether you are subject to community property laws, see IRS Publication 555, Community Property.

3. If you filed a joint return and you are not responsible for the debt, but you are entitled to a portion of the refund, you may request your portion of the refund by filing Form 8379, Injured Spouse Allocation.

4. You may also file form 8379 along with your original tax return or your may file it by itself after you receive an IRS notice about the offset.

5. You can also file Form 8379 electronically.

If you file a paper tax return you can include Form 8379 with your return, write “INJURED SPOUSE” at the top left of the Form 1040, 1040A or 1040EZ. IRS will process your allocation request before an offset occurs.

6. If you are filing Form 8379 by itself, it must show both spouses’ Social Security numbers in the same order as they appeared on your income tax return. You, the “injured” spouse, must sign the form.

7. Do not use Form 8379 if you are claiming innocent spouse relief.

Instead you should file Form 8857, Request for Innocent Spouse Relief. This relief from a joint liability applies only in certain limited circumstances.

  In 2011 the IRS eliminated the two-year time limit that applies to certain relief requests. IRS Publication 971, Innocent Spouse Relief, explains who may qualify, and how to request this relief.

To see if you qualify for Innocent or Injured Spouse relief call us today. 1-866-700-1040

 

Innocent or Injured Spouse Tax Relief –  New Tax Rules – IRS Tax Relief – Former IRS – Apply today