Home » Blog
Posted on April 17, 2012 by sully
Have IRS Insiders and Former IRS Agents work for you.
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.
Posted in
IRS Penalties and interest - Get rid of,
IRS Tax Advice,
Tax Attorney |
Tagged
- Former IRS Agents / Insiders,
1-866-700-1040,
CPAs,
Failure to File,
Failure to Pay,
Former IRS,
Get rid of your Penalties and Interest,
IRS,
IRS Agents,
irs tax experts,
penalty abatement,
remove irs penalties and interest,
tax attorneys,
tax return,
unpaid taxes |
Leave a comment
Posted on April 9, 2012 by sully
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 … Continue reading →
Posted in
IRS HELP,
IRS Payment Plans,
Representation |
Tagged
- Easy & Quick,
.Make payments to the IRS,
fresh start tax llc,
how to make payments to the irs,
installment agreement,
Internal Revenue Service,
IRS,
irs tax experts,
irs tax problems,
ments to the IRS,
payment plan,
tax relief,
tax settlement |
Leave a comment
Posted on April 4, 2012 by admin
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 … Continue reading →
Posted in
IRS HELP,
IRS Payment Plans,
IRS Tax Advice,
Representation |
Leave a comment
Posted on April 3, 2012 by admin
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 … Continue reading →
Posted in
Back Taxes,
IRS HELP,
IRS Tax Debt Relief,
IRS Tax Problem,
Owe |
Tagged
CNN,
Fox News,
Fresh Start Tax,
MSNBC owed thousands,
owe IRS,
Patrick Cox,
Tax Help,
tax problem,
TaxMasters,
TaxMasters - Clients call Fresh Start Tax - 1- 866 -700-1040 - CNN,
unfiled tax returns |
Leave a comment
Posted on April 3, 2012 by admin
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 … Continue reading →
Posted in
Innocent / injured Spouse Tax Relief,
IRS HELP,
IRS Tax Problem,
IRS TAX RELIEF,
Tax Attorney |
Tagged
form 8379,
Innocent or Injured Spouse Tax Relief - New Tax Rules - IRS Tax Relief - Former IRS - Apply today,
Internal Revenue Service,
IRS,
IRS Agents,
irs managers,
tax relief,
tax return |
Leave a comment
Posted on March 28, 2012 by admin
This comes as a great surprise to many expecting their IRS tax refund. The IRS sends a notice telling you they have used their right to offset to pay old debts such as State Tax Debts, Child Support or even Student loans. If this happens to you I would suggest calling us at Fresh Start Tax, 1-866-700-1040 to permanently resolve your IRS tax matter and get tax relief. Most taxpayers in this situation may qualify for an offer in compromise or a tax debt settlement. By calling our office we can find out if you qualify. Here are the rules and regs regarding tax refunds that may be applied to offset certain debts The Department of Treasury’s Financial Management Service, which issues IRS tax refunds, can use part or all of your federal tax refund to satisfy certain unpaid debts. Facts you what to know about tax refund offsets: 1. If you owe federal or state income taxes, your refund will be offset to pay those taxes first. If you had other debt such as child support or student loan … Continue reading →
Posted in
Back Taxes,
Income Tax Preparation,
IRS HELP,
IRS Tax Problem,
past due,
Representation |
Tagged
- Former IRS - Tax Help,
child support,
file 1040,
Injured spouse,
IRS offset,
State Debts,
Student Loans,
tax refunds,
Tax Refunds can be offset to pay State Debts,
tax relief |
Leave a comment
Posted on March 27, 2012 by admin
IRS Penalty Tax Relief by Former IRS Agents and Managers – Call us today for details an immedaite IRS tax representation. Get the tax help and get rid of your tax problem today. Tax Relief to Farmers Affected by MF Global Bankruptcy The Internal Revenue Service announced today that it will provide penalty relief to farmers who incur estimated tax penalties because they did not timely receive Forms 1099 from MF Global or its court appointed trustee, and were unable to file their 2011 calendar year tax return by March 1, 2012. The IRS also today provided the affected farmers with instructions on how to apply for this penalty relief. you can call our offices for details and representation requirements. The Farming Industry Usually farmers can avoid an estimated tax penalty if they file their returns and pay the full amount of tax shown on their return by March 1, 2012. An individual is a farmer for these purposes if two-thirds of the individual’s total gross income for the taxable year or the preceding taxable year is from farming. This … Continue reading →
Posted in
IRS HELP,
IRS Penalties and interest - Get rid of,
IRS Tax Advice,
IRS Tax Problem |
Tagged
1-866-700-1040,
farming indusrty,
Fresh Start Tax,
global bankruptcy,
IRS EXPERTS,
IRS Penalties,
irs tax experts,
MF Global,
Tax Help,
tax penalty,
tax relief,
Tax Relief - Farmers affected by MF Global Bankrupcy - Penalty Tax Relief,
tax returns |
Leave a comment
Posted on March 27, 2012 by admin
Need professional tax help to prepare your tax return. You should be using former IRS Agents who know all the possible rules and regs to get you the most favorable tax position. There are certain Tax Rules can affect Your child’s investment income. Check with us to make sure your tax return is not flagged for a IRS tax audit. Many parents may not realize that there are tax rules that may affect their child’s investment income. Four Major Rules that may apply: 1. Investment Income. Children with investment income may have part or all of this income taxed at their parents’ tax rate rather than at the child’s rate. Investment income includes interest, dividends, capital gains and other unearned income. Call us to check for other types of unearned income. 2. Age requirements. The child’s tax must be figured using the parents’ rates if the child has investment income of more than $1,900 and meets one of three age requirements for 2011: 1. Was under age 18 at the end of the year, 2. Was age 18 at the … Continue reading →
Posted in
Representation,
Tax News |
Tagged
- Expert Tax Preparation,
- Industry Insider,
Former IRS-Tax Experts,
income tax preparation,
IRS,
IRS Tax Rules for Child’s Investment Income,
tax audit,
tax rules |
1 Comment
Posted on March 27, 2012 by admin
After being an IRS Agent for over 10 years and in private practice for over 29 years I have found a consistency in tax preparation errors. If you need quality income tax preparation call us today. The same errors happen over and over. The following are tax tips that may help you file your tax return trouble free. Common tax errors to avoid: 1. Social Security – Incorrect or missing Social Security numbers. When you enter social security numbers for anyone listed on your tax return, be sure to enter them exactly as they appear on the Social Security cards. IRS will kick out an error letter or notice to you if they do not match. 2. Incorrect or misspelling of dependent’s last name. When entering a dependent’s last name on your tax return, make sure to enter it exactly as it appears on their Social Security card. Once again, IRS computers are exact matches. 3. Filing status errors. The most common mistakes. Choose the correct filing status for your situation. About 40% of all errors occur with these mistakes. … Continue reading →
Posted in
IRS Tax Advice,
Representation,
Uncategorized,
unfiled returns |
Tagged
- Audit Proof your tax return,
- Tax Prep,
avoid tax mistakes,
former IRS agents,
income tax preparation,
quality tax prep,
save tax dollars,
tax experts,
tax mistakes |
Leave a comment
Posted on March 19, 2012 by admin
Tax Masters Bankruptcy – Help for Former Clients – 1-866-700-1040 Get real professional tax help or tax resolution from a “A” Rated Tax Firm with over 205 years of professional tax experience and over 60 years with the IRS in the local, district and regional offices of the IRS. So what is the real story about Tax Masters – Deception, False Advertising, preying of the needs of false hope. We see it so many times. I am the co-owner and founder of Fresh Start Tax L.L.C. About one half of all our incoming calls are from from taxpayers who have been ripped off by other tax firms claiming impossible of unachievable results. I see it so many times it is sickening. Taxpayers have been ripped off for thousands of dollars from salespeople claiming to be IRS specialists. In reality these people are no more than hucksters or ripped off artists. Many of these taxpayers have lost everything including their savings and still owe the IRS a boat load of money. Many of these taxpayers will have a bank levy, wage … Continue reading →
Posted in
IRS HELP,
IRS Tax Advice,
IRS Tax Problem,
Settle Back Taxes,
Tax News,
Uncategorized |
Tagged
Tax Masters Bankruptcy - Help for Former Clients - !-866-700-1040,
Tax Masters Bankruptcy - Help for Former Clients - 1-866-700-1040 - Former IRS Agents - Tax Experts - "A" Rated |
Leave a comment
Page 2 of 266«12345...102030...»Last »
