Fresh Start Tax — Miami, FL. Sept 30, 2013
When a taxpayer owes the IRS for back taxes, an investigation begins behind the scenes to determine an individual’s assets and financial situation. “With internal databases and the internet, an individual’s financial world will unfold right before the IRS Agent’s eyes,” explains former IRS Agent at Fresh Start Tax…… To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. Sept 24, 2013
Unlucky taxpayers are now becoming IRS sweepstakes winners by receiving IRS Correspondence Tax Audit letters in the mail. The Internal Revenue Service conducts over 1.1 million mail audits each and every year and nets $9.2 billion in additional taxes to the US revenue coffers….. To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. July 30, 2013
The Internal Revenue Service is one of the largest and most powerful collection agencies in the world, but according to the June 7, 2013 report from the Treasury Inspector General’s Office the IRS has over $356 billion of unpaid tax assessments in fiscal year 2011. At the end of fiscal year 2012, there are over 1.1 million cases with unpaid tax debt…. To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. July 10, 2013
"Never before, in the history of the Internal Revenue Service, has there been a better time to resolve IRS tax debt than right now and the latest statistics prove it," according to Michael Sullivan, Former IRS Agent at Fresh Start Tax, LLC. According to the latest report from the National Taxpayers Advocate Office, as of March 2012, the Offer in Compromise acceptance rate of 38% is the highest they have had in many years… To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. June 13, 2013
According to IRS rules, taxpayers with foreign accounts must file the Foreign Bank Account Report (“FBAR”) by 6-30-13. Anthony Verni, Tax Attorney and CPA at Fresh Start Tax, says, “Those taxpayers that fail to file the required form may be subject to civil penalties, criminal penalties, or both.
Taxpayers with overseas bank accounts need to heed this Internal Revenue Service (“IRS”) FBAR deadline of June 30th very seriously. The IRS is now directing a lot of its resources and efforts toward tax compliance and offshore tax evasion… To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. March 5, 2013
On February 14th the Treasury Department reported that the US and Swiss Governments recently signed an agreement to combat offshore tax evasion and tax reporting. This agreement is part of the enforcement initiatives the Treasury Department is employing with respect to unreported foreign financial accounts and unreported offshore income.
"For those individuals who have yet to come forward and report their foreign income, as well as the existence of their foreign accounts, the clock is ticking", says Anthony Verni, FBAR expert and Tax Attorney. "Individuals will face serious civil and criminal penalties as well as the possibility of criminal prosecution. If ever there was a sense of urgency, it is now!"… To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. January 22, 2013
According to a recent IRS Press Release, the Treasury Department and the IRS have issued final regulations to combat offshore tax evasion, which will focus on rooting out non-
compliance by U.S. taxpayers using foreign accounts. "For those US Taxpayers using foreign bank accounts, the noose is tightening," says FBAR Tax Attorney, Anthony Verni.
According to Verni, On January 17, 2013 The U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced the issuance of comprehensive final regulations implementing the information reporting and withholding tax provisions commonly known as the Foreign Account Tax Compliance Act (FATCA), which was enacted by Congress in 2010.. To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. January 15, 2013
A willful violation of the FBAR requirements is a felony, punishable by five years in prison, a fine of $250,000, or both. In all cases, the IRS has the burden of proving willfulness. According to Verni, “To be convicted of a felony for failing to file an FBAR the government must prove willfulness beyond a reasonable doubt, a higher standard of proof than is needed to impose the civil penalty. In the civil context, the standard of proof is clear and convincing evidence, not merely a preponderance of the evidence.”.. To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. November 26, 2012
“Those taxpayers who have not filed the required FBAR or were not aware of the laws regarding foreign accounts need to seek counsel quickly and become current before the Voluntary Disclosure Program closes the window. By enlisting an FBAR specialist, a taxpayer significantly increases their chance for negotiation and penalty abatement with the IRS,” states Verni.
According to an IRS Report dated 8/29/12, the program will be open for an indefinite period but the terms of the program could change at any time. To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. November 01, 2012
It used to be that a tax return was selected for an IRS audit based on a DIF Score (Discriminatory Index Function) issued by the IRS. The DIF Score is a mathematical technique used to rate tax returns for potential examination. However, now we are learning that the IRS has developed the "machine learning computer program" in their Artificial Intelligence Division. According to Reference.com, "Machine Learning" is a type of artificial intelligence that is concerned with the design and development of algorithms and techniques that allow computers to "learn". Machine learning programs detect patterns in data and adjust program actions accordingly. The IRS inputs the data from past tax returns, which then yields patterns or predictions, and that determines the new" learned" audit parameters.
"This type of audit first became known to Fresh Start Tax when two clients sought professional assistance for tax audits," states Sullivan. "The Revenue Officer assigned to one of the cases knew immediately that these clients were being audited due to the Machine Learned Audit." To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax — Miami, FL. October 29, 2012
Thousands of taxpayers are experiencing a cruel tax lesson the hard way and, if the proposed IRS for FY 2013 Budget is approved, thousands more will be learning this lesson. When taxpayers fail to file tax returns, the Internal Revenue Service ("IRS") can file those returns through a process known as Substitute For Return ("SFR"). Through the SFR, the IRS determines what income tax is due and assesses that tax to the taxpayer. The taxpayer is then issued a "bill" for taxes due. Included in that bill are various penalties and accrued interest. "The IRS notifies the taxpayer 3 times and if there is no response, then the IRS begins to wipe out bank accounts, garnish wages, and file federal tax liens," says Sullivan of Fresh Start Tax. This process is not limited to just individuals, it also applies to Small Businesses and Self Employed people. These 2 sectors are required to file Quarterly and Annual Payroll Tax Returns, Sales Tax Returns, and Excise Tax Returns. To Continue Reading this Article — Choose a News Station below »
Fresh Start Tax – Miami, FL. October 1, 2012
US Taxpayers have always wondered how and why they were selected for an IRS Tax Audit. The IRS audits over 1.3 million tax returns annually and taxpayers are fearful of being audited. The answer may seem overly simple, but most people do not have knowledge of the audit process. Each tax return is issued a DIF Score (Discriminatory Index Function). According to the IRS, a DIF Score “is a mathematical technique used to score income tax returns for examination potential.” This technique establishes the National Average Guidelines. Generally, if a DIF score is above the national average, then the risk of an audit escalates. The highest scoring tax returns are then forwarded to an IRS Examiner for further review.
So what triggers a high DIF Score? To Continue Reading this Article – Choose a News Station below »
Ft. Lauderdale, FL. August 30, 2012
The Internal Revenue Service issues approximately 3.7 million Federal Tax Levies on bank accounts and wage garnishments to taxpayers each year. According to Fresh Start Tax’s Michael Sullivan, a former IRS agent, “A single telephone call to the IRS can stop a Federal Tax Levy.” Continue Reading »
Ft. Lauderdale, FL. July 3 2012
Michael Sullivan, a leading http://freshstarttax.com/fresh-start-tax/ [Tax Resolution Professional] and a former IRS Agent says, “The extra budget money of $500 million included in the Obama Health Care Bill will be like waking a sleeping giant in the IRS. That giant will be coming to a local IRS office near you and he will act as if he’s on steroids. Continue Reading »
Fort Lauderdale, FL, June 27, 2012 A crucial IRS deadline is approaching for those taxpayers that have bank accounts or other financial accounts in foreign countries. Michael Sullivan, of Fresh Start Tax LLC , states, “Any US taxpayer with a foreign bank and/or financial account with a value of $10,000 or more during the calendar year must file IRS form TD F 90-22.1 by June 30th, 2012. Failure to do so could lead to criminal prosecution and seizure of assets.” The Internal Revenue Service has found a literal gold mine of revenue in taxpayers who do not report their interest or ownership in Foreign Bank and Financial Accounts (“FBAR”). Continue Reading »
Miami, FL, June 5, 2012 If you are a struggling taxpayer, this article is for you. The IRS has implemented policy changes that will allow hundreds of thousands of taxpayers settle their IRS tax cases for pennies on the dollar. “This new policy shift will allow struggling taxpayers to settle their cases, release Federal Tax Liens, and move on with their lives,” says Michael D. Sullivan, a leading tax resolution specialist at Fresh Start Tax LLC. Continue Reading »
Miami, FL, March 30, 2012 – Everyone likes quick and easy. The IRS is finally getting the picture and is making paying your back taxes as easy as getting a fast food burger. “This is an important change for taxpayers that owe back taxesto the IRS,” says Michael D. Sullivan, a leading tax specialist at Fresh Start Tax LLC, “By extending the terms and increasing the threshold for an Installment Agreement, more taxpayers will be able to resolve their back tax issues with installment agreements. Continue Reading »
May 26, 2011 Michael Sullivan, co-founder of Fresh Start Tax, was a former IRS Agent who worked in the IRS Collection Division. One of his jobs during his tenure with the IRS was an instructor that taught the Offer in Compromise Program or as some call it the IRS Tax Settlement Program in the Local, District and Regional offices of the Internal Revenue Service.
Sullivan has worked thousands of IRS cases since 1973 and is a true IRS Tax Expert. He is published and can be heard on the radio as well as the web. Fresh Start Tax’s firm has over 163 years of professional tax experience. Continue Reading »
May 09, 2011 Fresh Start Tax, LLC announces that Immediate and Permanent IRS Tax Relief is Finally Here!
Fresh Start Tax, LLC is one of the nation’s leading professional tax resolution firms. Since 1982, the principles of the company, Michael Sullivan and Steve Jacob, have been getting their clients quality tax settlements. Immediate and permanent relief from IRS Problems is their expertise. Continue Reading »
Mar 15, 2011 Fresh Start Tax, LLC has announced its new streamline program of getting IRS Levy/Garnishments procured in a fast, easy, and simple way.
The IRS serves about 3.8 million tax levies each year. These levies are IRS seizures to bank accounts and wages. The IRS Wage Garnishment or Levy is particularly damaging because it is a continuing Levy and will not stop until the IRS sends a Release of Levy to your employer. Continue Reading »
Mar 15, 2011 Breaking News! The IRS is accepting more Offers in Compromise/Tax Settlements in accordance with their March 2011 release. Now is the time to file!
This is a good time to try and settle your IRS Case. In 2010, the IRS settled 14,000 Offers in Compromise marking a first time shift in IRS tax policy. In the past, the IRS has been very stingy in working our tax settlement agreements with the taxpayer. Continue Reading »
Feb 28, 2011 The IRS wants to give taxpayers a Fresh Start, announcing on February 24th, major changes to the federal lien policies. The decades old policies are being revised to help taxpayers with the unnecessary burdens of having their credit ruined by the filing of the federal tax liens. Michael Sullivan and Steven Jacob commented and said, “It’s about time the Feds finally did something to help taxpayers. For years they have been financially killing them.” Continue Reading »
Feb 10, 2011 Do you owe 941 payroll taxes? According to Michael D. Sullivan, the IRS takes it real personal when it comes to owing back 941 payroll taxes. They will get down and dirty. Because there are many new enforcement programs out, businesses will begin to feel the long arm of the law. One of those enforcement arms is owing tax dollars on back payroll taxes. An IRS insider said that there is a new policy in place and they will start enforcing their seizure program to businesses that owe back payroll or 941 taxes. The reason for the stepped up enforcement is the mere number of businesses that are failing to pay 941 payroll employment taxes. The IRS insider said it is costing the feds billions and billions in lost withholding taxes. Continue Reading »
Dec 30, 2010 Do you owe 941 payroll taxes? According to Michael D. Sullivan, the IRS takes it real personal when it comes to owing back 941 payroll taxes. They will get down and dirty. Because there are many new enforcement programs out, businesses will begin to feel the long arm of the law. One of those enforcement arms is owing tax dollars on back payroll taxes. An IRS insider said that there is a new policy in place and they will start enforcing their seizure program to businesses that owe back payroll or 941 taxes. The reason for the stepped up enforcement is the mere number of businesses that are failing to pay 941 payroll employment taxes. The IRS insider said it is costing the feds billions and billions in lost withholding taxes. Continue Reading »
Nov 30, 2010 For anyone who owes the IRS any money at all and would like some information, Fresh Start Tax is offering a free tax analysis on tax cases. Fresh Start Tax is one of the leading tax resolution companies in the country. FST will analyze each individual case and give the options necessary for immediate tax settlements. Michael D. Sullivan, co-founder of Fresh Start Tax, says there are a number of ways available to taxpayers that they are completely unaware of. Since Fresh Start Tax is comprised of former IRS Agents, Managers and Instructors we can offer solutions to tax cases that you have no idea exist. Continue Reading »
Sep 30, 2010 So many unsuspecting taxpayers call tax resolution companies hoping they can settle their tax bill for pennies on the dollar, only to find out later, they are getting ripped off. According to the IRS, “Taxpayers should beware of companies claiming that tax debts can be settled through the Offer in Compromise program for ‘pennies on the dollar.'” While sometimes possible, hundreds of companies are misleading the American public with the false hope of pennies on the dollar. Continue Reading »
Aug 26, 2010 Two of the country’s leading IRS experts, Michael Sullivan and Steve Jacob, found that the IRS is hammering delinquent taxpayers on back tax issues even after recommendations from the National Taxpayer Advocates Office. Per Nina Olson, Chair of the NTAO, “The IRS inflicts unnecessary or disproportionate harm on taxpayers and jeopardizes future tax collection. Since FY 1999, the IRS increased lien filings by about 475% and levies by about 600%, yet inflation-adjusted revenue raised by IRS Collections has actually declined about 7% over that period.” Continue Reading »
July 29, 2010 Two of the country’s leading experts of IRS Problems, Michael Sullivan and Steven Jacob, run across countless scores of individuals and businesses who have never filed tax returns and desperately would like to get back into the system unnoticed and without pain. Fresh Start Tax recently had two clients who had not filed tax returns, one business and one individual. Neither had filed for at least twenty years and wanted to become, “normal again.” They were scared, embarrassed and fearful. These clients did not want a Federal Tax Lien, Bank Levy or Wage Garnishment filed. They just wanted to get their life back together. Continue Reading »
June 30, 2010 Two of the country’s leading tax experts regarding IRS Problems, Michael Sullivan and Steve Jacob, found that the IRS continues to pound away at the American public that owe tax dollars at a greater rate than ever before. The IRS executed more IRS Tax Liens and Bank Garnishments than ever before. Over the past nine years, the spike is incredible, with no end in sight. “The IRS just does not get it,” said Sullivan. “Our country’s economic pain and personal burdens of job loss and hardship are of no concern to the Internal Revenue Service. The IRS is making life miserable.” Continue Reading »
June 06, 2010 Two of the leading tax experts from Fresh Start Tax, Michael Sullivan and Steve Jacob, noticed a disturbing trend in regards to the Internal Revenue Service. According to Sullivan and Jacob, rather than understanding the needs of taxpayers in these tough economic times, the government still doesn’t get it. IRS recently published 2009 statistics on Offers in Compromise. Based on the numbers it seems the federal government is not helping taxpayers through these perilous times. According to new statistics, the IRS accepted less Offers in Compromise by percentage than ever before. Continue Reading »
January 07, 2010 Victims of investment fraud have a tax recovery option under IRC Section 165(c)(2) which is an often overlooked provision from the IRS. The recent multi-million dollar fraud scheme which resulted in the arrest of Fort Lauderdale attorney, Scott Rothstein, is an example of victimized investors who may have a potential theft loss deduction under IRC Section 165(c)(2). Continue Reading »
November 13, 2009 Victims of investment fraud have a tax recovery option under IRC Section 165(c)(2) which is an often overlooked provision from the IRS. The recent multi-million dollar fraud scheme which resulted in the arrest of Fort Lauderdale attorney, Scott Rothstein, is an example of victimized investors who may have a potential theft loss deduction under IRC Section 165(c)(2). Continue Reading »
November 06, 2009 Fresh Start Tax announces the introduction of a new flat-rate fee program for the resolution of IRS tax problems. Fresh Start Tax guarantees the resolution of various IRS tax problems for a flat-rate fee including; IRS tax levy of wages or assets, IRS tax liens, IRS offer in compromises and unfiled tax returns. Continue Reading »
April 15 is not the end of tax season for everyone. For those who did not pay their taxes and are getting calls and letters from the IRS, there are experts at Fresh Start Tax to help clients get squared away with the IRS.
Michael D. Sullivan, founder of the Fresh Start Tax accounting firm, was an IRS revenue officer himself for 10 years. He says, “Since the IRS never closes, neither do we here at Fresh Start.” Continue Reading »
Mike Sullivan would rather save your soul than solve your tax problem. When clients come to the Sullivan and Powell accounting firm in Fort Lauderdale, he’ll ask about faith as well as finances. Continue Reading »