by Jim Magary | Jan 27, 2015 | Tax Help
If you are dealing with the Internal Revenue Service and only makes sense to hire former IRS agents and managers who know the system.
We are the affordable tax professionals who been solving IRS problem since 1982.
We are a full service tax firm with an affordable expertise in resolving any IRS matter or problem.
From a simple IRS notice or letter, too going to tax appeals and even going to tax court we can solve any IRS problem for affordable pricing.
We are staffed with tax attorneys, CPAs and former IRS agents and managers.
Our former agents have over 60 years of working directly for the Internal Revenue Service.
We have almost worked in every facet including revenue agents, revenue officer’s, auditors managers and teaching instructors with the Internal Revenue Service.
If you owe back taxes to the Internal Revenue Service we can go over every possible solution.
If you want to settle your tax that we can review with you the possibility of filing offer in compromise to settle your back tax debt on taxes owed.
If you have received an IRS tax levy or garnishment, as a general rule within 24 hours of receiving your current financial statement we can get your tax levy garnishment removed.
Call us today to hear various options and solutions to any IRS problem.
We are staffed with true IRS tax experts and affordable tax professionals.
Once again we are a full-service firm, since 1982, A+ rated by the Better Business Bureau.
IRS + Owe Back Taxes, Settle Tax Debt, File Taxes, IRS Levy Garnishments Removals = Affordable Former IRS, Experts = Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro
by Jim Magary | Jan 27, 2015 | Tax Help
We are the affordable tax professionals who have been resolving IRS problems since 1982. A plus rated BBB.
We are a full-service firm composed of tax attorneys, CPAs and former IRS agents.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
While formerly employed at the Internal Revenue Service we taught tax law and wrote some of the Internal Revenue Service collection manual section 5.
We are true tax experts to get an IRS tax Levy, Bank Levy, wage garnishment releases, apply for IRS offer in compromise tax settlement, represent you during an IRS tax audit go over different ways for payment plans to the Internal Revenue Service.
We can file any tax returns not filed and work out a tax settlement agreement all at the same time.
Due or our 60 years of IRS experience we know all the systems, protocols, and settlement theories used by the Internal Revenue Service.
We know all the inside information it takes to be successful.
Call us today for a free initial tax consultation and speak to a true IRS tax expert.
Since 1982, A+ rated by the Better Business Bureau.
IRS TAX RELIEF = Tax Levy, Tax Settlements, Tax Audits, Payments, Former IRS = AFFORDABLE EXPERTS = Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro
by Jim Magary | Jan 26, 2015 | Tax Help
Who Should File a 2014 Tax Return per the IRS, What You Need to Know.
Most people file their tax return because they have to, but even if you don’t, there are times when you should.
You may be eligible for a tax refund and not know it.
This 2014 year, there are a few new rules for some who must file a tax return.
Here are some top tax tips to help you find out if you should file a tax return:
1. General Tax Filing Rules.
Whether you need to file a tax return depends on a few factors. In most cases, the amount of your income, your filing status and your age determine if you must file a tax return. For example, if you’re single and 28 years old you must file if your income was at least $10,150. Other rules may apply if you’re self-employed or if you’re a dependent of another person. There are also other cases when you must file. Go to IRS.gov/filing to find out if you need to file.
2. New for 2014: The Premium Tax Credit.
If you bought health insurance through the Health Insurance Marketplace in 2014, you may be eligible for the new Premium Tax Credit. You will need to file a return to claim the credit. If you purchased coverage from the Marketplace in 2014 and chose to have advance payments of the premium tax credit sent directly to your insurer during the year you must file a federal tax return. You will reconcile any advance payments with the allowable Premium Tax Credit. You should receive Form 1095-A, Health Insurance Marketplace Statement, by early February. The new form will have information that will help you file your tax return.
3. Tax Withheld or Paid in Taxes.
Did your employer withhold federal income tax from your pay? Did you make estimated tax payments? Did you overpay last year and have it applied to this year’s tax? If you answered “yes” to any of these questions, you could be due a refund. But you have to file a tax return to get it.
4. Earned Income Tax Credit.
Did you work and earn less than $52,427 last year? You could receive EITC as a tax refund if you qualify with or without a qualifying child. You may be eligible for up to $6,143. Use the 2014 EITC Assistant tool on IRS.gov to find out if you qualify. If you do, file a tax return to claim it.
5. Additional Child Tax Credit.
Do you have at least one child that qualifies for the Child Tax Credit? If you don’t get the full credit amount, you may qualify for the Additional Child Tax Credit.
6. American Opportunity Credit.
The AOTC is available for four years of post secondary education and can be up to $2,500 per eligible student. You or your dependent must have been a student enrolled at least half time for at least one academic period. Even if you don’t owe any taxes, you still may qualify.
However, you must complete Form 8863, Education Credits, and file a return to claim the credit.
If you’d like to help audit proof your tax return today call the tax professionals at fresh start tax.
We are A+ rated in one of the best in the industry.
by Jim Magary | Jan 26, 2015 | Tax Help
We are a Christian tax firm that specializes in IRS tax relief.<><
We’ve been practicing since 1982 in our A+ rated by the Better Business Bureau.
Last year alone over 6 million taxpayers entered into IRS payment plans, installment agreement or a monthly payment options to pay Internal Revenue Service.
Call our office today and we will review with you the various programs available to pay the Internal Revenue Service including the possibility of settling your tax debt through the offer in compromise program.
There are two types of IRS payment plans and IRS installment plans/agreements.
The dollar amount you owe the IRS will determine which option you take.
Before you enter into a IRS payment plan with the Internal Revenue Service you should ask a tax professional which is the best option.
To make sure you’re not overpaying, you should consider tax representation. It will probably save you money in the long run.
Besides consulting the tax professional, you should also find out if you are a qualified candidate for the offer in compromise or tax debt settlement program all at the same time.
If you call our office today we will review your IRS options for IRS payment plan or installment plan.
Call us today for a free initial tax consultation.
Having worked for the Internal Revenue Service for over 60 years will give us a unique edge on all our competition because we understand the programming, the system and the formatting for IRS payment installment agreements.
Approximately 6 million taxpayers made IRS installment or payment plan agreements for this last year alone.
The agreement that you make with Internal Revenue Service will all depend on how much you owe in back taxes.
There are generally two types of IRS payment plans or installment agreements.
Types = Those for taxpayers owing over $50,000 and those people throwing under $50,000 people for those taxpayers owing over $50,000
As soon as you know you are going to owe back taxes you should contact us so we can review all your tax options and let you know the details about setting up an IRS installment plan repayment plan.
Here’s a quick review on the different type of installment agreements and payment plans.
Individual Installment Agreement
This payment plan applies to individuals who owe $50,000 or less in income tax, interest, and penalties.
Remember this is combined. IRS looks at your total pay off amount not your tax alone.
With an installment agreement, you can make regular monthly payments over time. Payments can be made through Direct Debit (from your bank account), check or money order, credit card, EFTPS , payroll deduction , or an Online Payment Agreement .
When you set up an installment agreement, make sure you will be able to make the monthly payments without defaulting. the reason it is very important to contact a tax professional is to make sure you can pay your back tax and not do so just because of fear of the Internal Revenue Service.
Many people cannot pay back tax he should find out about the IRS program called currently not collectible. If your income at exceeds your expenses based on the national averages IRS has the option to put your case into current hardship are currently not collectible. We review each account to find out which is the best option for the taxpayer or the business.
One simple phone telephone call to us today, believe it or not can end your problem because of our 60 years of direct working knowledge of the Internal Revenue Service Installment Agreement for Individuals
Owe Over $50,000
Individuals who fall into this category must submit Form 9465 as well as Form 433-F (Collection Information Statement).
Form 433F is used by ASC for obtaining your documented current financial information, in order to figure out how you can pay the overdue tax balance.
if your case is in the local office with a revenue officer they will insist on a verified form 433A.
You can find both 433 f and 433a on our website.
Both financial statement must include your last three months bank statements, a copy of your last paystub and a copy of all monthly expenses.
You want to make sure they’re absolutely no inconsistencies within them.
As a former IRS agent when you call our office will careful we review your financial statement for any inconsistencies. I urge cautions for all taxpayers giving IRS financial statements
3. Small Business Installment Agreement
Businesses that owe IRS back taxes of $25,000 or less in back taxes may request an “In-Business Trust Fund Express” installment agreement.
This type of payment plan usually doesn’t require a financial statement, although the business must currently have employees.
An IBTF-Express IA provides a 24-month period to fully pay the outstanding tax debt.
If the amount owed is greater than $10,000 (and below $25,000), the business must set up a Direct Debit installment agreement.
Costs for Installment or Payment Plans
Note that it costs $120 to set up a standard agreement or payroll deduction agreement, and $52 to set up a Direct Debit agreement.
If your income is below a certain level, the fee for setting up an installment agreement is $42.
To request this reduced fee, submit Form 13844 (Application for Reduced User Fee for Installment Agreements).
Call us today for a free initial tax consultation in hear the truth about dealing with IRS.
When speaking to us we will review with you the offer in compromise program to see if you’re eligible to settle your debt for pennies on the dollar.
by Jim Magary | Jan 26, 2015 | Tax Help
We are a AFFORDABLE full service tax firm that specializes in immediate and permanent IRS tax relief.
We are true tax experts who’ve been practicing since 1982.
When you contact us will never have to speak to the Internal Revenue Service.
We handle all communications and settlements on your behalf.
We are one of the most trusted, experienced and honest firms in the tax resolution business.
From private practice to a nationwide tax firm we know exactly what it takes to get IRS off your back because we know the system as former IRS agents.
As Former IRS agents we file your tax returns and get IRS off your back.
FST has over 60 years of direct work experience in the local, district, and regional tax offices of the IRS. We taught tax law and new IRS agents their jobs. We also help right part of the IRS collection division manual section 5.
Few people in the industry have the internal experience that we have been working for the IRS and almost all divisions.
We have been in private practice since 1982 are A+ rated by the BBB.
If you need to file back past due tax returns contact us today and we can bring you current with the Internal Revenue Service.
We can prepare all your back income, business or corporate tax returns filed them with Internal Revenue Service and work out a tax settlement with the Internal Revenue Service.
Over 16 million taxpayers do not file annual tax returns. So you are not alone.
IRS just wants to get you back in their system.
As a former IRS agent, I can specifically tell you that the Internal Revenue Service will make this a very easy and seamless process for you.
Most people do not file because they do not have the proper records.
We can get your information to file your tax returns.
If that is the case, we can reconstruct your tax returns and file your back or past-due returns within a matter of days.
Taxpayers have options to pay back taxes.
Taxpayers can have the option to make payments, be put in hardship or settle with the IRS.
FST can go ahead and work out a payment arrangement that’s agreeable to your current financial condition.
Last year alone the Internal Revenue Service issued close to 6 million part pay installment agreements.
If you are an offer in compromise candidate and wish to make a settlement with Internal Revenue Service we can explain to you the offer process and work out a tax settlement if you are a viable, and suitable candidate for the offer program.
I was a former revenue officer and teaching instructor of the offer in compromise program.
We will not file offers in compromise unless you’re a qualified and suitable candidate.
When you call our office we walk you through the program and find out which of the three programs you could possibly be eligible for.
Call us today for a free initial tax consultation and you could speak to a true IRS tax expert.
We are one of the honest, affordable and most trustworthy firms in the tax resolution and tax relief business.
We can file your back, past-due tax returns, help you get out of payment agreement or have your your case written off is currently uncollectible if you truly are having a financial crisis at the present time.
We can also determine if you are a tax debt settlement candidate for the offer in compromise program.
File Back, Past Due Tax Returns, Make Payments to IRS, Settle with IRS = AFFORDABLE EXPERTS = Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro
