by Jim Magary | Jul 30, 2015 | Tax Help
We specialize in AFFORDABLE IRS tax debt relief. FST can stop and resolve IRS Problems NOW!
We are Former IRS Agents who know the system.
Call us today for a free initial tax consultation.
When you retain us, you will never have to speak to Internal Revenue Service.
We are the AFFORDABLE tax firm who has been resolving IRS tax issue since 1982.
With over 60 years of working directly for the Internal Revenue Service we know the system! We have worked in the local, district, and regional tax offices of the IRS.
Our former IRS agents have worked as supervisors, managers and tax instructors also others on staff have written part of the internal revenue manual.
If you need to resolve your tax debt call us today and speak directly to a true IRS tax expert.
When you call our office we will offer you a few different options with you to go ahead and fully resolve your tax situation.
You will speak to a true affordable tax expert who will go over different options with you.
We can prepare and file old or back tax returns and provide the best possible tax audit defense for IRS. We can make sure you pay the lowest amount of tax allowed by law. If you do not have back tax records we can prepare your returns under reconstructive methods.
We have been in private practice since 1982 and are a full-service tax firm. We have a combined 206 years of professional tax experience.
Our former IRS revenue officers can help resolve any IRS tax debt our former IRS audit managers can help provide your best audit defense.
Some IRS tax facts.
1. The IRS audits less than 1% of all taxpayers each and every year,
2. the IRS settles close to 40,000 offers in compromise every year,
3. the IRS files 1.9 tax levies each and every year,
4. the IRS files close to 700,000 federal tax liens each and every year.
IRS Tax Levy
A levy is a legal seizure of your property to satisfy a tax debt.
Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in. For instance,
• IRS could seize and sell property that you hold (such as your car, boat, or house), or
• IRS could levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).
IRS usually levy only after these three requirements are met:
• IRS assessed the tax and sent you a Notice and Demand for Payment;
• You neglected or refused to pay the tax; and
• IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
Please note: if we levy your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
Resolve IRS Tax Debt + STOP IRS NOW + IRS Audit Defense + Unfiled Back Tax Returns + IRS Levy Liens + Offer in Compromise + Edmond, Moore, Midwest City, Enid, Stillwater+
by Jim Magary | Jul 30, 2015 | Tax Help
The Affordable Christian Tax Experts <><
We have over 206 years of professional tax experience and our true experts for all IRS tax problems. On staff, is a host of Christian tax professionals.
Due to our years of experience at IRS we know every possible tax solution.
When you call our office you will hear the truth about your case from a professional Christian tax firm.
When you call for initial consultation we will go over every possible option available to you.
We also have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS. We are true IRS tax experts.
We taught tax law to new IRS agent and were former teaching instructors.
We know how to resolve your problem and bring an immediate and permanent and get you IRS tax problem relief.
We can get an IRS levy released within 24 hours of receiving your current financial statement, we can talk you about the removal of the federal tax lien, talk to you about paying your IRS tax debt off with a payment plan and or review the pre-qualifier tool with you for the offer in compromise and file all back tax returns.
Proverbs 11:14 <><
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Proverbs 19:20-21 <><
Listen to advice and accept instruction, that you may gain wisdom in the future. Many are the plans in the mind of a man, but it is the purpose of the Lord that will stand.
The Christian tax firm of FST can handle any IRS or State tax matter, tax problem and offer options and resolutions to bring your IRS or State tax problem to immediate and permanent end.
We also can represent you during an IRS tax audit need an IRS tax return reconstruction and handle any type of IRS notice or letter, including going to Tax Court.
All our work is done in-house by true Christian tax professionals.
Let our years of experience work for you and get you positive results.
On staff are Christian tax attorneys, Christian tax lawyers, Christian certified public accountants, Christian enrolled agents and Christian former IRS agents.
We are the fast, friendly, and affordable professional Christian tax firm that knows how to resolve IRS and state tax problems.
If you will owe IRS back taxes please keep in mind that your current financial statement will usually determine the outcome of your case.
We will review your current finances and let you know how we can close your case off the IRS computer system.
Call us today for free initial tax consultation.
Christian IRS Tax Services Help = IRS Taxes + Stop IRS Tax Levy + Tax Liens Help + IRS Debt Settlements + Unfiled Tax Returns + IRS Tax Audit + IRS Payment + Edmond, Moore, Midwest City, Enid, Stillwater
by Jim Magary | Jul 30, 2015 | Tax Help
We are “AFFORDABLE” Former IRS Agents & Managers that specialize in the immediate removal of IRS tax levies, bank levies, and wage garnishment levies. We know the system, since 1982.
We have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
IRS files 1.9 million tax levies each and every year.
If you have received an IRS tax levy you are not alone.
This number includes bank levies, wage garnishment levies and third-party levies.
Being former IRS agents we know the exact system to get immediate removals of any type of IRS tax levy.
We have a streamlined process that can affordably solve your IRS tax debt and release your tax levy all at the same time.
When you call our offices we will go over a variety of solutions and resolutions to not only get your IRS wage garnishment levy released but close and settle your case all at the same time. Each key case is unique and dependent on the taxpayer’s financial statement.
The importance of your financial statement is key to success in negotiating any type of dealer settlement or levy release with the Internal Revenue Service. Let our experience in tax negotiation work for you.
IRS Final Tax Billing Notices
If you do not respond to the IRS the final notice, the IRS has no choice but to systemically send out an IRS bank or wage garnishment levy. IRS billing cycles or five weeks apart in this critical you answer all IRS correspondence.
The IRS Cade 2 computer system is the mother of all collection tools. It sends out millions and millions pieces of mail each and every year. It collects billions of dollars for the United States Treasury Department.
It is the largest collection computer in the world. Not a human hand touches and IRS levy they are all systemically sent out.
As a general rule, 24 hours after receiving your current and verifiable financial statement we can get your IRS tax, bank levy garnishment released and your case closed with the IRS.
IRS Required Financial Statement- the 433F
IRS will require a current financial statement before they will release a bank levy, wage garnishment levy.
The IRS financial statement is required documentation before they can close any case.
It will need to be on form 433F. The form 433 a is used by the local offices and exclusively by revenue officers. If your case is in the local office you will have a much more experienced IRS agent working the case. they are much more sophisticated and skilled.
IRS will require the last 3 months of bank statements, copy of all monthly expenses and a copy of your pay stub to verify your current financial statement. IRS conducts a thorough review of your financial statement.
IRS will compare your financial statement with that of the national averages and regional norms and come up with a plan to close your case off the IRS enforcement computer.
As a general rule IRS settles case by putting them into hardship, payment agreements or the recommendation of settling your tax debt to the offer in compromise.
The IRS places over 40% of their collection cases into a current tax hardship or uncollectible and over 6 million people enter into installment payments every year. Your financial statement will determine the way IRS will close their case.
It is important for you to know if you owe back IRS tax debt, you will have to file all back tax returns before the Internal Revenue Service will negotiate with you. IRS will not release your tax levy unless you file your back tax returns.
Some of our clients are eligible for the new fresh start tax initiative called the offer in compromise to settle their tax debt for pennies on a dollar.
When speaking to somebody on our friendly staff, we will let you know if you are an eligible candidate to settle your tax debt through the offer in compromise program.
Last year there were 78,000 offers in compromise filed in close to 40% of more accepted by the Internal Revenue Service for average of $6500.
The offer compromise program, OIC, is not for everybody. You must make sure your qualify for this program.
We will walk you through the pre-qualifier tool before you spend any money to make sure you are a qualified candidate for the program.
Call us today to learn more about the offer in compromise program offered by the Internal Revenue Service to settle your back IRS tax debt issues.
You will hear the truth from true season tax professionals who have over 60 years of direct work experience with the Internal Revenue Service.
Stop IRS Tax Levy NOW = IRS Bank or Wage Garnishment Levies + Settle with IRS + Unfiled Tax Returns + IRS Payment Plans = Edmond, Moore, Midwest City, Enid, Stillwater
by Jim Magary | Jul 30, 2015 | Tax Help
Depositing and Reporting Employment Taxes
In general, you must deposit federal income tax withheld, and both the employer and employee social security and Medicare taxes.
There are two deposit schedules, monthly and semi-weekly.
Before the beginning of each calendar year, you must determine which of the two deposit schedules you are required to use. To determine your payment schedule, review Publication 15 for Forms 941, 944 and 945, or Publication 51 for Form 943.
If you fail to make a timely deposit, you may be subject to a failure-to-deposit penalty of up to 15 percent.
Deposits for FUTA Tax (Form 940) are required for the quarter within which the tax due exceeds $500. The tax must be deposited by the end of the month following the end of the quarter.
You must use electronic funds transfer (EFTPS) to make all federal tax deposits. See the Employment Tax Due Dates page for information on when deposits are due.
Reporting Employment Taxes
Generally, employers must report wages, tips and other compensation paid to an employee by filing the required form(s) to the IRS.
You must also report taxes you deposit by filing Forms 940, 941 and 944 on paper or through e-file.
Federal Income Tax and Social Security and Medicare Tax
In general, employers who withhold federal income tax or social security and Medicare taxes must file Form 941, Employer’s Quarterly Federal Tax Return each quarter.
This includes withholding on sick pay and supplemental unemployment benefits
File Form 943, Employer’s Annual Federal Tax Return for Agricultural Employees if you are filling to report agricultural wages.
File Form 944, Employer’s Annual Federal Tax Return if you have received written notification about the Form 944 program.
File Form 945, Annual Return of Withheld Federal Income Tax if you are filing to report backup withholding.
Federal Unemployment Tax Act (FUTA)
Only the employer pays FUTA tax; it is not withheld from the employee’s wages. Report your FUTA taxes by filing Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return.
Preparing and Filing Form W-2
At the end of the year, the employer must complete Form W-2, Wage and Tax Statement to report wages, tips and other compensation paid to an employee.
File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, to the Social Security Administration (SSA).
File Copy 1 to an employee’s state or local tax department.
Due Dates
See the Employment Tax Due Dates page for filing and depositing due dates. For more information on depositing and filing these forms, refer to Publication 15, Employer’s Tax Guide.
by Jim Magary | Jul 30, 2015 | Tax Help
The AFFORDABLE Tax Firm. 24 hours of receiving your current financial statement we can get an IRS Tax Levy, Bank Levy, Wage Garnishment levy released & settle your case.
We know the system, as Former IRS Managers and Agents. We have a combined 60 years of agent, managerial and supervisory experience as former IRS agents.
Because of our years of experience working at Internal Revenue Service we know the system to get immediate releases of an IRS tax levy, IRS bank levy or IRS wage garnishment.
There is a very specific format to get a tax levy released.
Not only can we get your tax levy released or removed we can also settle your case at the same time. We can get the IRS off your back today. IRS will close your case off the IRS collection computer.
We have worked in the system for over 60 years and understand the protocols and the internal revenue manual’s to get your levy released in your case closed with IRS.
We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau. We have over 206 years of professional tax experience.
What it takes to get your IRS tax levy, wage levy garnishment tax levy released or removed.
As a general rule, if taxpayers do not respond to final notice is sent by IRS, the Internal Revenue Service is required to send out a tax levy. It is important to respond to all IRS requests by mail. IRS generally sends out five billing notices and then the important 1058 that lets you know an IRS tax levy is to follow.
Once again you must answer all IRS mail. As a former IRS agent I can tell you that taxpayers stick their head in the sand and seal their own fate by not responding to the IRS final notice before seizure.
As a general rule, IRS sends out close to 1.9 million tax levies each year and the IRS files close to 800,000 federal tax liens.
There is a difference be between an IRS federal tax levy in the federal tax lien.
A federal tax levy is a seizure a federal tax lien is a document to get placed at your courthouse letting the public know that you will money to the Internal Revenue Service. It can actually destroy your credit.
To get your IRS tax levy or wage garnishment released it will be necessary for you to give IRS a current documented financial statement along with making sure all your tax returns are filed in on IRS’s computer system.
It will be necessary for you to fully complete an IRS form 433F (an IRS financial statement) that you can find on our website along with supplying IRS with bank statements, pay stubs and copy of all monthly expenses.
When you call our office we were thoroughly review your case, give you a free tax assessment and let you know the necessary steps to completely remove your IRS problem including releasing an IRS tax levy, or wage levy garnishment and settling your case all at the same time.
IRS will generally close your case by putting it into a tax hardship or asking for a monthly payment plan. Over 40% of the cases get put into tax hardship and 6.5 million enter monthly payments.
Others have the options to file for tax debt settlement called the offer in compromise but you must qualify for the program.
When you call us we will go over the various solutions.
There is a pre-qualifier tools that we have taxpayers and clients fill out to find out if they can settle their debt for pennies on the dollar. We do not file for an offer in compromise unless we know you’re a qualified candidate.
To file for the offer in compromise all your tax returns must be filed.
Note: Please keep in mind if you have unfiled or back to tax returns, the IRS has the option of not releasing a federal tax levy because you are not in full compliance with tax laws.
Call us today for free initial tax consultation. When you call our office you will speak to a true IRS tax professional.
Remove IRS Tax Levy NOW + Bank Levy, Wage Garnishments + Settle IRS Tax Debt + File Back Tax Returns, Former IRS + Edmond, Moore, Midwest City, Enid, Stillwater
