by Fresh Start Tax | Aug 29, 2014 | Tax Help
We are a IRS Tax Problem Help specialty firm that deals specifically with IRS and state tax problems.
FST has over 206 years of professional tax experience and we are staffed with tax attorneys, tax lawyer certified public accountants and former IRS agents.
FST is the affordable tax option due to our streamline processes and years of processing successfully in handling IRS tax problems.
From an IRS tax Levy, to a bank seizure of funds, to a wage garnishment, to an IRS tax audit or to the settling of your tax debt for pennies on the dollar, our experienced staff can go ahead and handle and deal with any IRS help situation.
From a simple IRS notice to going to Tax Court.
We are a full service firm that has a tax expert in every area of Internal Revenue Service including all civil and criminal cases.
We are the honest, trustworthy and one of the most experienced tax firms in dealing with IRS tax problem help.
Contact us today for a free initial initial consultation and you could speak directly to a tax expert that may be handling your case.
Some quick tax facts of interest:
- The Internal Revenue Service sends out approximately 1.8 million IRS tax levies each and every year,
- the Internal Revenue Service audits approximately 1% of all taxpayers,
- the more money you make the greater likelihood of an IRS tax audit,
- the IRS audits 1.4 million taxpayers by mail each year,
- the IRS received 78,000 tax debt settlement offers last year,
- 38% of all tax debt offers were accepted by the IRS for an average of $.14 on a dollar,
- over 16 million taxpayers to not file their annual tax returns.
Call us today for a free initial consultation. We are the IRS tax help problem experts.
IRS Taxes Help Problem – IRS Levy, Tax Audit, Tax Debt Settlement Options – Former IRS – Chicago, Springfield, Evansville
by Fresh Start Tax | Aug 28, 2014 | Tax Help
How to Fix a mistake on your tax return
Do not worry if you made a mistake on your tax return or forgot to claim a tax credit or deduction. There is hope, its no big deal.
You can fix it by filing an tax amended return.
Fresh Start Tax LLC tips that you should know about amending or fixing your federal tax return:
1. When to amend your tax return.
You should amend your tax return if you need to correct your filing status, the number of dependents you claimed, or your total income.
You should also amend your return to claim tax deductions or tax credits that you did not claim when you filed your original return.
The instructions for Form 1040X, Amended U.S. Individual Income Tax Return, list more reasons to amend a return.
2. When NOT to amend your tax return.
In some cases, you do not need to amend your tax return.
The IRS usually corrects math errors when processing your original return.
If you did not include a required form or schedule, the IRS will send you a request for the missing item.
3. Form to use to fix your mistake.
Use Form 1040X to amend a federal income tax return that you previously filed.
Make sure you check the box at the top of the form that shows which year you are amending.
Since you can’t e-file an amended return, you’ll need to file your Form 1040X on paper and mail it to the IRS.
4. More than one year.
If you file an amended return for more than one year, use a separate 1040X for each tax year. Mail them in separate envelopes to the IRS.
See “Where to File” in the instructions for Form 1040X for the correct address to use.
5. Form 1040X.
Form 1040X has three columns.
- Column A shows amounts from the original return.
- Column B shows the net increase or decrease for the amounts you are changing.
- Column C shows the corrected amounts.
You should explain what you are changing and the reasons why on the back of the form.
6. Other forms or schedules.
If your changes involve other tax forms or schedules, make sure you attach them to Form 1040X when you file the form.
Failure to do this will cause a delay in processing.
7. Amending your tax return to claim an additional refund.
If you are waiting for a refund from your original tax return, don’t file your amended return until after you receive the refund.
You may cash the refund check from your original return.
Amended returns take up to 12 weeks to process. You will receive any additional refund you are owed.
8. Amending to pay additional tax.
If you’re filing an amended tax return because you owe more tax, you should file Form 1040X and pay the tax as soon as possible.
This will limit any interest and penalty charges.
9. When to file the amended tax return.
To claim a refund, you generally must file Form 1040X within three years from the date you filed your original tax return.
You can also file it within two years from the date you paid the tax, if that date is later than the three-year rule.
10. Track your return.
You can track the status of your amended tax return three weeks after you file with ‘Where’s My Amended Return?’
This tool is available on IRS.gov or by phone at 866-464-2050.
by Fresh Start Tax | Aug 28, 2014 | Tax Help
How do you stop the IRS now?
By letting former IRS agents and managers who know the system represent your best interest during in IRS tax problem matter.
We are fast, affordable and know the system.
Experienced Tax Firm
With over 60 years of direct IRS experience in the local, district, and regional tax offices of the Internal Revenue Service we understand the most affordable, fastest and quickest way to resolve any IRS tax situation.
From a simple IRS notice, letter, or telephone call including going to tax court we can provide immediate and permanent IRS tax relief.
We are a full service tax firm staffed with tax attorneys, tax lawyers, certified public accountants, and former IRS and state tax agents.
When you engage us you will never have to speak with the Internal Revenue Service.
All calling and correspondence / settlement is done directly through our affordable professional tax staff.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
Tax relief for an IRS tax Levy, bank levy or wage garnishment levy
If you need to get a fast and affordable tax relief on a tax levy, IRS require a current financial statement on form 433F.
That form will be found on our website.
When that form is completed, verified and documented we send or fax the 433 f to the Internal Revenue Service and work out a tax settlement with them.
This all can be done within a 20 minute time.
Once we speak to the Agent IRS by voice, IRS will then send the Tax Levy release to your employer or to your bank.
As a result of the Levy release you also have a close settlement case.
IRS settlements can be in the form of current hardships, payment plans, or the suggestion of an offer in compromise to settle your tax debt due to the new fresh start tax initiative.
The new fresh start initiative encourages taxpayers to file offer in compromises if they are qualified taxpayers to do so.
You can find the pre-qualifier tool for the IRS tax debt settlement program call the offer in compromise on our website.
It’ll let you know what the lowest amount IRS will take to settle their case.
As a former IRS agent and teaching instructor when you call us, we can qualify you to make sure you are a suitable candidate to settle your tax debt.
Call us today for free initial tax consultation new can speak to an affordable true and certified IRS tax expert for immediate and permanent IRS tax relief.
IRS Tax Relief – Tax Levy, Bank Levy, Wage Levy, Payment Plans * Affordable Fast* Chicago, Springfield, Evansville
by Fresh Start Tax | Aug 27, 2014 | Tax Help
The Affordable Professional Tax Firm
Have former IRS agents and managers represent you during an IRS tax audit.
Our former IRS agents on staff have over 60 years of working in the local, district, and regional tax offices of the Internal Revenue Service.
As a result of all our work experience at the IRS, we know all systems, the protocols and the settlement theories to go ahead and successfully resolve any IRS tax audit you are experiencing.
From a simple IRS audit by mail, to an office audit, to a field agent audit, we have represented hundreds and hundreds of taxpayers providing them the best possible tax defense and strategy to help with their IRS tax audit.
We are a full service tax firm having on staff tax attorneys, tax lawyers, certified public accountants, enrolled agents in a series of other tax professionals.
Before hiring any tax firm you should check out their Better Business Bureau standings and ratings along with the bios on that page.
When you’re surfing the Internet and looking for someone to help you with the tax audit, it is wise to make sure they have plenty of IRS work experience.
Call us today for a free initial tax consultation and you will speak to a true IRS tax expert.
What is an IRS audit?
An IRS tax audit is a review-examination of an organization’s or individual’s accounts and financial information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate.
IRS Tax Audit Selection Process
Selecting a tax return for audit does not always suggest that an error has been made. Returns are selected using a variety of methods, including:
- Random selection and computer screening : sometimes returns are selected based solely on a statistical formula.
- Document matching : when payor records, such as Forms W-2 or Form 1099, don’t match the information reported.
- Related examinations – returns may be selected for audit when they involve issues or transactions with other taxpayers, such as business partners or investors, whose returns were selected for audit.
IRS Tax Audit Methods
An IRS audit may be conducted by mail or through an in-person interview and review of the taxpayer’s records. The interview may be at an IRS office (office audit) or at the taxpayer’s home, place of business, or accountant’s office (field audit).
The IRS will tell you what records are needed. Audits can result in no changes or changes.
At Fresh Start Tax LLC we can provide your best tax defense and your very best tax representation.
IRS Tax Audit Help, Defense, Representation * Former IRS* Chicago, Springfield, Evansville
by Fresh Start Tax | Aug 27, 2014 | Tax Help
We are a AFFORDABLE full-service tax firm that specializes in IRS and state tax debt resolution.
FST is A+ rated by the Better Business Bureau and have been in private practice since 1982.
We know the System.
As a former IRS agents and teaching instructors there is one specific and primary way that the Internal Revenue Service deals with tax debt.
We can make various solutions or recommendations that we can make to our clients to rid themselves of the tax debt that they are currently experiencing.
I have found that most taxpayers really wish they could pay their back taxes.
Many of whom have never been in this situation before however due to life circumstances and the different maladies that have happened in there lives, taxpayers have found themselves in positions they have never been in before.
This is the system that IRS uses to deal with tax debt
If you owe back Tax Debt, the Internal Revenue Service will take a current financial statement on form 433F.
That is the only financial statement that they will work with.
You can find that form on our website.
That form will need to be sent or faxed to the Internal Revenue Service with complete documentation.
Included in the documentation you will need have bank statements, pay stubs, and a copy of all monthly expenses.
Internal Revenue Service will completely verify your financial statement.
As a general rule they can do this within 20 or 25 minutes. IRS has a system in which you the taxpayer will generally fit in.
As a result of their analysis of your financial statement the Internal Revenue Service will either put you into a:
- payment plan,
- current hardship or uncollectible status, or possibly
- may let you know and recommend you file an offer in compromise to settle your tax debt with IRS.
IRS Payment plans.
There are three basic payment plans that the IRS employees depending the amount of money that you owe.
When we review your case will let you know which is the best payment plan and applicable for your situation.
IRS hardships
IRS may put your case into a currently not collectible or hardship file.
When IRS does this as a general rule it is because you have more expenses and income coming in, after the Internal Revenue Service has compared your income and expenses with that of the national standards you may be placed in this category.
IRS tax settlements
IRS tax settlements are called offers in compromise.
Before we recommend any taxpayer to settle there tax debt, we will walk you through the offer in compromise program.
We recommend each taxpayer go through the pre-qualifier tool to find out if they are of verifiable candidate for the IRS Tax Debt Program.
Tax Debt *IRS Solutions* Former IRS – Payment, Hardships, Settlements, Tax Relief – Chicago, Springfield, Evansville
