by Fresh Start Tax | Nov 24, 2015 | Tax Help
We are an “AFFORDABLE” full-service tax firm that specializes in payroll tax resolution including unpaid employment & payroll taxes. Since 1982, A plus rated.
Our firm has a combined 65 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
As former IRS agents and managers we understand the systems, the protocols, and the settlement options you have to resolve unpaid employment taxes.
We know the settlements options, do not be worried.
IRS has a very specific process to deal with Unpaid Employment & Payroll Taxes.
As a former IRS Agent, I have worked hundred of these cases. I know the system inside and out.
There are various solutions and resolution techniques in dealing with your situation. Usually within 10 minutes of talking to any client on the first initial consultation we can go over all your options.
The resolution of your case is dependent on the facts of your situation and your current financial statement.
Every situation will be thoroughly reviewed and a plan of action will be provided to you as the best, the most effective and the most affordable way to deal with this tax situation.
As a former IRS agents, please understand the Internal Revenue Service looks closely at employment tax issues and also trust fund penalties.You want to avoid the trust fund penalty if possible.
If your business is currently in operation and you have on unpaid employment tax issues, IRS will work best with you if you are current on all your tax deposits.
IRS will also seek to set up the trust fund penalty against any responsible officers or employees that would’ve paid these taxes.
IRS will require a form 433B which is a business financial statement and usually require a form 433A which is a personal financial statement and use that as a basis to collect the back taxes.Each situation is completely unique.
Payroll Settlements:
Anytime money is owed on back taxes payroll taxes the IRS will need a current financial statement. IRS will require form 433 a for personal reasons and 433B for business reasons. IRS will expect those financial statements to be completely documented.
IRS settlements can come in three forms.
IRS can place the case and to currently not collectible, IRS may ask for a monthly installment agreement, or IRS may consider your tax debt through the offer in compromise program.
For those who owe back payroll taxes IRS has the right to collect the money personally from responsible persons. Please read below.
Employment Taxes and the Trust Fund Recovery Penalty (TFRP)
IRS encourages prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP.
These taxes are called trust fund taxes because you actually hold the employee’s money in trust until you make a federal tax deposit in that amount.
The TFRP may apply to you if these unpaid trust fund taxes cannot be immediately collected from the business. The business does not have to have stopped operating in order for the TFRP to be assessed.
Who can be Responsible for the trust fund and distribution is she is way is the 401(k) and in professional are:
The TFRP may be assessed against any person who:
• Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
• Willfully fails to collect or pay them.
A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes.
This person(s) may or could be:
• An officer or an employee of a corporation,
• A member or employee of a partnership,
• A corporate director or shareholder,
• A member of a board of trustees of a nonprofit organization,
• Another person with authority and control over funds to direct their disbursement,
• Another corporation or third-party payer,
• Payroll Service Providers (PSP) or responsible parties within a PSP
• Professional Employer Organizations (PEO) or responsible parties within a PEO, or
• Responsible parties within the common law employer (client of PSP/PEO).
For willfulness to exist, the responsible person:
• Must have been, or should have been, aware of the outstanding taxes and
• Either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).
Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of wilfulness.
You may be asked to complete an interview in order to determine the full scope of your duties and responsibilities.
Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.
An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather than to determine which creditors would or would not be paid.
Figuring the TFRP Amount: Trust Fund Taxes
The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:
• The unpaid income taxes withheld, plus
• The employee’s portion of the withheld FICA taxes.
For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.
Assessing the Trust Fund Taxes
If we determine that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you.
You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal.
The letter will explain your appeal rights. Refer to Publication 5, Your Appeal Rights and How to Prepare a Protest if You Don’t Agree (PDF), for a clear outline of the appeals process.
If you do not respond to our letter, we will assess the penalty against you and send you a Notice and Demand for Payment.
Call us today for a free initial tax consultation we will thoroughly review your case and provide the options which you can choose.
by Fresh Start Tax | Nov 24, 2015 | Tax Help
We are an AFFORDABLE full-service tax firm that specializes in tax debt resolution including unpaid employment & payroll taxes.
Our firm has a combined 65 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
As former IRS agents and managers we understand the systems, the protocols, and the settlement options you have to resolve unpaid employment taxes.
IRS has a very specific process to deal with Unpaid Employment & Payroll Taxes.
As a former IRS Agent, I have worked hundred of these cases. I know the system inside and out.
There are various solutions and resolution techniques in dealing with your situation.
The resolution of your case is dependent on the facts of your situation and your current financial statement.
Every situation will be thoroughly reviewed and a plan of action will be provided to you as the best, the most effective and the most affordable way to deal with this tax situation.
As a former IRS agents, please understand the Internal Revenue Service looks closely at employment tax issues and also trust fund penalties.You want to avoid the fund penalty if possible.
If your business is currently in operation and you have on unpaid employment tax issues, IRS will work best with you if you are current on all your tax deposits.
IRS will also seek to set up the trust fund penalty against any responsible officers or employees that would’ve paid these taxes.
IRS will require a form 433B which is a business financial statement and usually require a form 433A which is a personal financial statement and use that as a basis to collect the back taxes.
Employment Taxes and the Trust Fund Recovery Penalty (TFRP)
IRS encourages prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP.
These taxes are called trust fund taxes because you actually hold the employee’s money in trust until you make a federal tax deposit in that amount.
The TFRP may apply to you if these unpaid trust fund taxes cannot be immediately collected from the business. The business does not have to have stopped operating in order for the TFRP to be assessed.
Who can be Responsible for the trust fund and distribution is she is way is the 401(k) and in professional are:
The TFRP may be assessed against any person who:
• Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
• Willfully fails to collect or pay them.
A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes.
This person may or could be:
• An officer or an employee of a corporation,
• A member or employee of a partnership,
• A corporate director or shareholder,
• A member of a board of trustees of a nonprofit organization,
• Another person with authority and control over funds to direct their disbursement,
• Another corporation or third-party payer,
• Payroll Service Providers (PSP) or responsible parties within a PSP
• Professional Employer Organizations (PEO) or responsible parties within a PEO, or
• Responsible parties within the common law employer (client of PSP/PEO).
For willfulness to exist, the responsible person:
• Must have been, or should have been, aware of the outstanding taxes and
• Either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).
Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of wilfulness.
You may be asked to complete an interview in order to determine the full scope of your duties and responsibilities.
Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.
An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather than to determine which creditors would or would not be paid.
Figuring the TFRP Amount: Trust Fund Taxes
The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:
• The unpaid income taxes withheld, plus
• The employee’s portion of the withheld FICA taxes.
For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.
Assessing the TFRP
If we determine that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you.
You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal.
The letter will explain your appeal rights. Refer to Publication 5, Your Appeal Rights and How to Prepare a Protest if You Don’t Agree (PDF), for a clear outline of the appeals process.
If you do not respond to our letter, we will assess the penalty against you and send you a Notice and Demand for Payment.
Call us today for a free initial tax consultation we will thoroughly review your case and provide the options which you can choose.
by Fresh Start Tax | Nov 24, 2015 | Tax Help
We are an AFFORDABLE full-service tax firm that specializes in IRS tax debt resolution including unpaid employment taxes.
Our firm has a combined 65 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
As former IRS agents and managers we understand the systems, the protocols, and the settlement options you have to resolve unpaid employment taxes. IRS has a very specific process to deal with Unpaid Employment Taxes. As a former IRS Agent I have worked hundred of these cases. I know the system inside and out.
There are various solutions and resolution techniques in dealing with your situation. The resolution of your case is dependent on the facts of your situation and your current financial statement.
Every situation will be thoroughly reviewed and a plan of action will be provided to you as the best, the most effective and the most affordable way to deal with this tax situation.
As a former IRS agents, please understand the Internal Revenue Service looks closely at employment tax issues and also trust fund penalties.
If your business is currently in operation and you have unpaid employment tax issues,the IRS will work best with you if you are current on all your tax deposits.
IRS will also seek to set up the trust fund penalty against any responsible officers or employees that would’ve paid these taxes.
IRS will require a form 433B which is a business financial statement and usually require a form 433A which is a personal financial statement and use that as a basis to collect the back taxes.
Employment Taxes and the Trust Fund Recovery Penalty (TFRP)
To encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP.
These taxes are called trust fund taxes because you actually hold the employee’s money in trust until you make a federal tax deposit in that amount.
The TFRP may apply to you if these unpaid trust fund taxes cannot be immediately collected from the business. The business does not have to have stopped operating in order for the TFRP to be assessed.
Who can be Responsible for the trust fund and distribution is she is way is the 401(k) and in professional are
The TFRP may be assessed against any person who:
• Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
• Willfully fails to collect or pay them.
A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes.
This person may or could be:
• An officer or an employee of a corporation,
• A member or employee of a partnership,
• A corporate director or shareholder,
• A member of a board of trustees of a nonprofit organization,
• Another person with authority and control over funds to direct their disbursement,
• Another corporation or third-party payer,
• Payroll Service Providers (PSP) or responsible parties within a PSP
• Professional Employer Organizations (PEO) or responsible parties within a PEO, or
• Responsible parties within the common law employer (client of PSP/PEO).
For willfulness to exist, the responsible person:
• Must have been, or should have been, aware of the outstanding taxes and
• Either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).
Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of wilfulness.
You may be asked to complete an interview in order to determine the full scope of your duties and responsibilities.
Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.
An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather than to determine which creditors would or would not be paid.
Figuring the TFRP Amount
The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:
• The unpaid income taxes withheld, plus
• The employee’s portion of the withheld FICA taxes.
For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.
Assessing the TFRP
If we determine that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you.
You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal.
The letter will explain your appeal rights. Refer to Publication 5, Your Appeal Rights and How to Prepare a Protest if You Don’t Agree (PDF), for a clear outline of the appeals process. If you do not respond to our letter, we will assess the penalty against you and send you a Notice and Demand for Payment.
Call us today for a free initial tax consultation we will thoroughly review your case and provide the options which you can choose.
by Fresh Start Tax | Nov 18, 2015 | Tax Help
“AFFORDABLE “ former IRS agents and managers who know the system permanently resolve any IRS tax problem, since 1982.
We are a full service tax firm that specialize in IRS and state tax services. We are true tax experts. We have over 206 years professional tax experience.
We are composed of tax attorneys, CPAs and former IRS agents.
We specialize in all IRS tax problems, from a simple IRS notice or letter to going to tax court.
We are tax experts for removing IRS bank and wage garnishment levies, going to appeals or tax court, preparing back tax returns and settling your cases via the offer in compromise program if you are eligible candidate for the OIC program.
As former IRS agents we have worked on the local, district, and regional tax offices of the IRS.
When you call our office you will speak directly to a true IRS tax professional that has years and years of experience and have successfully worked hundreds of cases.
Make sure when you are looking around for a tax resolution firm you are speaking to an actual company and not a lead generation site.
Approximately 90% of the sites on Google are no more than marketing and lead gen companies. Make sure when you call a tax resolution company you are speaking to true tax professionals are not salesperson.
IRS Tax Problems = Remove IRS Tax Levies/ IRS Wage Garnishments
The Internal Revenue Service levies approximately 1.8 million taxpayers each and every year and this figure includes wage garnishments. So you know you are not alone.
This happens as a general rule because taxpayers fail to respond to final notices and/or the 1058 notice which has their tax rights enclosed.
It is very important for taxpayers to know that they must follow-up on all IRS mail correspondence because there is no other way to stopping the IRS collection beast called the CADE 2 computer system.
The IRS files close to 700,000 federal tax liens each and every year that will both ruin and destroy your credit.
There are different ways to get your federal tax lien released and once we know more about your case we could speak to you on how to best get this federal tax lien released.
If you have received a final notice of intent to levy from the Internal Revenue Service make sure you follow-up on the 30 day date, if you don’t IRS will take enforcement action.
Before IRS will remove a tax levy or wage garnishment they will need a current and verifiable financial statement. Form 433F.
Once we have your current verified financial statement in hand, we can usually get your tax levy or garnishment released and your case close off the IRS enforcement computer within 24 hours.
It is important that your financial statement is completely documented.
IRS will do a thorough review of your current financial statement along with documentation.
How IRS will close Your Case:
IRS usually closes a case by putting a case into :
1. tax ax hardship,
2. having a taxpayer into a monthly installment agreement or,
3. telling them they may qualify for an offer in compromise your tax debt settlement. Your financial statement will dictate how your case will close.
Stats = 40% of those who owe back taxes will have their cases closed by hardship and 6.5 million will close their cases by monthly payment agreements.
If you have back tax returns to file, you can have former IRS agents ensure that you are paying the lowest amount of tax allowed by law.
If you going to owe tax, we can file your back tax returns and settle your debt all at the same time. he is 20
If you wish to settle your tax that we can have former IRS revenue officers who worked the offer in compromise program settle your tax debt if and only if you were a true candidate fo yes
The average settlement on offers in compromise or $6500 per case, please keep in mind this is just the national average.
Call us today for a free initial tax consultation.
When you call our offices you will speak to true tax professionals.
IRS Tax Problem Help Services + Remove IRS Tax Levies Garnishments + File Back Tax Returns + Settle IRS Debt + Make IRS Payments
by Fresh Start Tax | Nov 18, 2015 | Tax Help
Affordable IRS Tax Experts.
We have been in practice since 1982, Former IRS Agents, Managers, CPA’s & Tax Attorneys, A plus rated by the BBB.
We can resolve IRS Tax Debt including Payroll Tax Debt.
Being former IRS agents we know the exact process and the most affordable and quickest way to resolve these tax issues.
If you owe back IRS tax debt and wish to settle your case with the IRS, call us today for a free initial tax consultation.
When you call our office you will speak directly to former IRS agents, managers and tax instructors that have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
Once we have reviewed your current financial statement as a general rule we will tell you exactly how your case is going to close.
We can review with you the best possible way to end your payroll tax problems, make an IRS payment plan, how to remove an IRS tax levy and to represent you during an IRS tax audit.
For those of you who need to file tax returns whether current or back years, call us today and we will walk you through the process of our learning experiences that total 206 years.
We can file your back tax returns with little or few records.
IRS Installment Agreements or IRS Payment Plans
Last year the Internal Revenue Service granted close to 6.5 million IRS payment plans, installment agreements and streamlined payment plans to taxpayers. Payroll agreements have different standards than individual agreements.
Your current financial statement will determine if you are installment agreement candidate.
Keep in mind your financial statement will need to be fully documented Bank statements and copy of all expenses. You must be able to fully verify income.
The Internal Revenue Service will conduct a full review on your financial statement.
Call us today for free initial tax consultation and we will walk you through the process to get you an IRS payment plan, installment agreement or tell you how to make an affordable monthly streamlined payment with the Internal Revenue Service.
One of the first things reduced to find out whether you can settle your tax debt for pennies on the dollar.
IRS TAX DEBT SETTLEMENTS + Offer in Compromise
We can also talk you about the possible tax solution of settling your tax debt through the offer in compromise program, that is settling your tax debt for pennies on the dollar.
The way you can settle your tax debt for pennies on the dollar is through the offer in compromise program.
When you call our office you will speak directly to a former IRS agent who both worked and taught the program for IRS. The writer of this blog is a former IRS agent and teaching instructor.
One of the keys to the successful completion acceptance of an offer in compromise is to understand the process.
You can follow the pre-qualifier tool on our website and you can find out firsthand if you are a qualified candidate for the program.
You should never give your money to a tax firm unless you have some assurance your offer has a chance of acceptance.
If you owe back payroll 941 taxes + Trust Fund Taxes
If you owe back payroll taxes the Internal Revenue Service will require both business and individual. both of these statements will be completely documented. IRS has the right to assert the trust fund recovery penalty against responsible offers of payroll taxes are outstanding. It is critical in our initial tax consultation we talk to you about the assessment of trust fund taxes against responsible parties.
Removals and Stopping an IRS Tax Levies, IRS Bank Levy, IRS Wage Garnishments Levies
I
f you wish to remove an IRS tax levy will need to give IRS a current financial statement on form 433F.
IRS will require that financial statement to be completely documented and verified.
Within 24 hours of receiving your current financial statement as a general rule we can get your bank or wage levy garnishment released.
We will let you know about the IRS national standard program so you understand the process of how IRS settles tax debt.
Need to file back or past due tax returns
As a general rule the Internal Revenue Service will close no open case or module if you have not filed all your back tax returns.
You could have a former IRS agent who knows the system prepare your back tax returns with little or few records. We can help audit proof your tax return.
We are A+ rated by the Better Business Bureau, since 1982.
Free initial tax consultations and assessments.
Owe Past Due IRS Taxes + Back Payroll Taxes + Trust Fund Taxes + IRS Payment Plans + Settle Debt + Unfiled Back Tax Returns
