by steve | Feb 22, 2012 | Owe Payroll Taxes, Representation
Owe Back IRS Payroll Tax – You can do jail time – Hire former IRS Agents – Payroll Tax Settlements – Miami, Ft.Lauderdale, Palm Beaches 1-866-700-1040, 954-492-0088
Tax attorneys, CPAs and former IRS agents can help resolve any back IRS payroll tax that you owe. With over 206 years of professional tax experience and 60 years of working directly for the Internal Revenue Service we can go over all the tax options to go ahead and settle your back IRS payroll tax case.
Stop the worry and stress today free consultations are available.
Owe Back Payroll Taxes, better listen up!
Many people are unaware that owing IRS back payroll taxes can land you in prison. As a former IRS Agent I recommended certain business owners to Criminal Division because of back payroll taxes.
Payroll Taxes are taxes held in trust to be paid over to the IRS at prescribed periods of time. Osvaldo Martinez apparently do not know that.
A Hollywood man was sentenced Wednesday to two years in prison for failing to pay more than $1.78 million in federal income taxes that he withheld from his former employees, prosecutors said.
Osvaldo Martinez, 51, had pleaded guilty to one count of willfully failing to pay income taxes, court records show.
Prosecutors said that he withheld employee payroll taxes from employees at Clinicas Finlay, Inc., a medical services company he operated in Miami-Dade County until 2007.
U.S. District Judge Marcia Cooke ordered Martinez to turn himself in to begin serving his federal prison sentence on April 11.
If you owe back payroll taxes it is very easy to avoid this situation of prison time.
It is of utmost importance you become current immediately and make sure all your payroll tax returns are current. If you fail to file and deposit you will get the attention of the IRS.
IRS has special programs called the FTD Alerts or Federal Tax Deposits Alerts System that triggers out to the local offices when 941 filers fail to file and pay back payroll taxes.
Should you be in this situation call us today so we can intervene, stop the IRS and work out a tax payroll settlement.
Owing back taxes, payroll taxes is the highest priority of local Collection offices simply because it is not a tax but a trust. You can expect in the future many more arrests.
We are Former IRS agents that can immediate help with these tax payroll tax situations on back taxes.
We have over 205 years of professional tax experience and over 60 years in the local offices.
by steve | Feb 21, 2012 | IRS Tax Problem, Representation
IRS – Tax Attorney / Tax Lawyer
At Fresh Start Tax L.L.C. we have on staff Board Certified Tax Attorneys, Certified Public Accountants, Enrolled Agents, Former IRS Agents, Managers and Instructors including a Former IRS Appeals Agent of 35 years with the IRS.
We have 205 years of total IRS tax experience and over 60 years of direct work experience at the local, district and regional offices of the Internal Revenue Service.
We also taught Tax Law at the Internal Revenue Service.
IRS tax problems and issues can mean a very stressful time for any taxpayer. An IRS Tax Attorney IRS Tax Lawyer, CPA or Enrolled Agent (EA) Agent can help you through any tax problem,help lower your tax debt and help settle any IRS tax debt you may currently have. The IRS is the largest and most powerful collection agency in the world and it takes an experienced and knowledgeable tax representative to help you in choosing the correct tax options. At Fresh Start tax LLC we have many years of experience in dealing with IRS issues and all other IRS tax problems in the audit and the collection area.
Fresh Start Tax LLC offers a team approach and each case worked by Fresh Start Tax has two assigned tax professionals working your case.
Getting the most out of your money – Choosing the right tax representative
There are three general levels of representation before the Internal Revenue Service.
1. Tax Attorney / Tax Lawyer
2 .Certified Public Accountants and
3. Enrolled Agents.
Each can represent you before the IRS and all are licensed to represent your very best interest. It is important to find out how the same result can be done for the lower cost. All can be good choices.
As a Former IRS Agent of 10 years, many tax representatives came into the IRS office I was assigned to. There were huge differences among the types of tax representatives. The ones that charged the most did not necessarily know what they were doing. IRS experience is the key.
As a general rule, pick the representative who worked at the IRS. A person who worked at the IRS know all the tricks, techniques, and procedures to make your case go easily through the system.
Each particular representative brings different aspects of a tax specialty to the table and before a taxpayer goes to hire a tax professional it is best to know how to get the most bang for your buck.
You do not want to overpay fees if you do not need to. Many times it is not necessary to hire tax attorneys or tax lawyers. Generally bills from tax attorneys, tax lawyers are between $2-400 dollars an hour and their fees are overkill. Many have little of no IRS experience. If you have an IRS problem it is always best to hire a Former IRS employee because they have the knowledge of tax procedures, settlement guidelines and audit techniques. In most cases CPA’s and Enrolled Agents are your best bet an all IRS administrative matters.
IRS Tax Attorney /Tax Lawyer
Generally taxpayers want to hire tax attorneys / tax lawyers if there are criminal or court actions that will be taking place. Tax Attorneys / Tax Lawyers are trained to interpret the law and codes and become your advocate in tax court or district court.Tax Attorneys /Tax Lawyers also keep up with the ever changing rules, regulations and codes that govern our tax system. Tax Attorneys also give you the advantage of having an attorney client privilege in all matters. It really becomes helpful in all criminal tax matters. If you receive a letter from criminal investigation your only option should be a tax attorney or tax lawyer. You want to make sure that Tax Attorney or Tax Lawyer has IRS experience and has worked several hundred cases before IRS and D.O.J. Tax Attorneys are the only place to go on any Offshore Account situations.
Certified Public Accountants
Hiring a Certified Public Accountant is extremely important when dealing with complicated tax issues on individual, partnership or corporate tax issues. With the tax codes changing every year it is always best to hiring true tax professionals in dealing with the accounting and tax filing of tax returns. Certified Public Accountants are generally used in tax return preparation and tax defense of a tax return under tax audit. it is always best to make sure they have years of tax experience under their belt in tax preparation. You can retained Accountant/client privilege on all civil matters.
Enrolled Agents
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. They must adhere to ethical standards and complete 72 hours of continuing education courses every three years.
Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients.
by steve | Feb 16, 2012 | Income Tax Preparation, Tax Help
Tips on Unemployment Benefits from Former IRS Agents. Call us should you have further questions.
Taxable or Non-Taxable, find out up front from the payer.
Unemployment compensation.
Generally unemployment compensation includes among other forms, state unemployment compensation benefits, but the tax implications depend on the type of program paying the benefits. you should check and find out whether the benefit is taxable from the start so you do not have a tax problem at a later time.
You must report unemployment compensation on line 19 of Form 1040, line 13 of Form 1040A, or line 3 of Form 1040EZ.
Here are some great tips from the IRS about Unemployment Benefits.
1. You must include all unemployment compensation you receive in your total income for the year. You should receive a Form 1099-G, with the total unemployment compensation paid to you shown in box 1.
2. Other types of unemployment benefits include:
a. Benefits paid by a state or the District of Columbia from the Federal Unemployment Trust Fund
b. Railroad unemployment compensation benefits
c. Disability payments from a government program paid as a substitute for unemployment compensation
d. Trade readjustment allowances under the Trade Act of 1974
e. Unemployment assistance under the Disaster Relief and Emergency Assistance Act
f. For complete information on each of the benefits listed, see chapter 12 in IRS Publication 17, Your Federal Income Tax, or Publication 525, Taxable and Nontaxable Income.
3. You must report the unemployment compensation benefits paid to you as an unemployed member of a union from regular union dues.
However, if you contribute to a special union fund and your payments to the fund are not deductible, you only need to include in your income the unemployment benefits that exceed the amount of your contributions.
4. You may choose to have federal income tax withheld from your unemployment compensation. We would highly recommend this.
To make this choice, complete Form W-4V, Voluntary Withholding Request, and give it to the paying office. Taxes will be withheld at 10 percent of your payment. If you choose not to have tax withheld, you may have to make estimated tax payments throughout the year.
5. Should need you need a professional tax preparer call us today, we can audit proof your tax return.
by steve | Feb 16, 2012 | Income Tax Preparation, Tax News
Medical and Dental Expenses allowed by the Internal Revenue Service that qualify for tax deductions. Make sure you keep your receipts!
This list includes both Medical and Dental.
If you or your spouse or dependents had significant medical or dental costs in 2011, you may be able to deduct those expenses when you file your tax return
What you should know about the TAX LAW:
1. You must itemize to qualify for medical and dental expenses. This is done on a Form 1040, Schedule A.
2. The deduction is limited.
You can deduct total medical care expenses that exceed 7.5 percent of your adjusted gross income for the year. You figure this on Form 1040, Schedule A. on your tax return.
3. Expenses must have been paid in 2011.
You can include the medical and dental expenses you paid during the year, regardless of when the services were provided. You will need to have good receipts or records to substantiate your expenses if your tax return is audited by the IRS.
4. You cannot deduct reimbursed expenses.
Your total medical expenses for the year must be reduced by any reimbursement. Normally, it makes no difference if you receive the reimbursement or if it is paid directly to the doctor or hospital. You receive the money back no deduction, it is that simple.
5. Whose expenses may qualify.
You may include qualified medical expenses you pay for yourself, your spouse and your dependents. Some exceptions and special rules apply to divorced or separated parents, taxpayers with a multiple support agreement or those with a qualifying relative who is not your child.
6. Types of expenses that qualify for the medical or dental deductions.
You can deduct expenses primarily paid for the diagnosis, cure, mitigation, treatment or prevention of disease, or treatment affecting any structure or function of the body. For drugs, you can only deduct prescription medication and insulin.
You can also include premiums for medical, dental and some long-term care insurance in your expenses. Starting in 2011, you can also include lactation supplies.
7. Transportation costs may qualify for a tax deduction.
You may deduct transportation costs primarily for and essential to medical care that qualify as medical expenses. You can also deduct the actual fare for a taxi, bus, train, plane or ambulance as well as tolls and parking fees.
If you use your car or other vehicle for medical transportation, you can deduct actuall out-of-pocket expenses such as gas and oil, or you can deduct the standard mileage rate for medical expenses, which is 19 cents per mile for 2011.
8. Tax-favored saving for medical expenses Distributions from Health Savings Accounts and withdrawals from Flexible Spending Arrangements may be tax free if used to pay qualified medical expenses including prescription medication and insulin.
9. Should you have any questions call us today and get the answers from Former IRS Agents.
by steve | Feb 15, 2012 | IRS Tax Advice, Tax News
One of the great tax deductions are for those with taxpayers having children. The Federal Government allows credits for those who met certain test requirements. Below find the key points and take advantage and the credits offered.
The Internal Revenue Service – Child Tax Credit
The Child Tax Credit is available to eligible to those taxpayers with qualifying children under age 17.
The IRS would like you to know these facts about the child tax credit. Take full use of these tax credits.
1. Amount With the Child Tax Credit, you may be able to reduce your federal income tax by up to $1,000 for each qualifying child under age 17.
2. Qualifications.
A qualifying child for this credit is someone who meets the qualifying criteria of seven tests:
Age, Relationship, Support, Dependent, Joint Return, Citizenship and lastly Residence.
3. Age.
Test- To qualify, a child must have been under age 17 – age 16 or younger – at the end of 2011.
4. Relationship.
Test- To claim a child for purposes of the Child Tax Credit, the child must be your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister or a descendant of any of these individuals, which includes your grandchild, niece or nephew. An adopted child is always treated as your own child. An adopted child includes a child lawfully placed with you for legal adoption.
5. Support.
Test- In order to claim a child for this credit, the child must not have provided more than half of his/her own support.
6. Dependent.
Test – You must claim the child as a dependent on your federal tax return.
7. Joint return.
Test – The qualifying child can not file a joint return for the year (or files it only as a claim for refund).
8. Citizenship test To meet the citizenship test, the child must be a U.S. citizen, U.S. national or U.S. resident alien.
9. Residence.
Test – The child must have lived with you for more than half of 2011. There are some exceptions to the residence test, found in IRS Publication 972, Child Tax Credit.
10. Limitations.
The credit is limited if your modified adjusted gross income is above a certain amount. The amount at which this phase-out begins varies by filing status. For married taxpayers filing a joint return, the phase-out begins at $110,000. For married taxpayers filing a separate return, it begins at $55,000. For all other taxpayers, the phase-out begins at $75,000. In addition, the Child Tax Credit is generally limited by the amount of the income tax and any alternative minimum tax you owe.
11. Additional Child Tax Credit If the amount of your Child Tax Credit is greater than the amount of income tax you owe, you may be able to claim the Additional Child Tax Credit.
Should you have any questions regarding these credits and are need of former IRS Agents to prepare and audit proof your return call us today.
