by Jim Magary | Jan 28, 2016 | Tax Help
We are the affordable and experienced professional firm that specializes in IRS tax debt. Since 1982. A plus Rated BBB.
We are composed of CPAs and former IRS agents and managers who have logged over 65 years as former IRS employees. Owe IRS Money, no problem!
Options Available : You maybe able to settle, make payments or be placed in a hardship.
Call us today are all the options available if you owe IRS money and back taxes or need to file tax returns.
Not only were we former IRS agents and managers who are teaching instructors for new IRS agents. We know every possible program IRS as we can explain to each and every option if you owe IRS back taxes.
We understand the protocols, settlement theories, and each system IRS has to deal with your particular situation.
If you owe back IRS taxes we can explain to you the various options you have and how IRS will settle your case.
There are various programs available for those who are looking for tax debt forgiveness.
Current IRS programs available to deal with those “who owe back taxes ”
IRS must have a standard that they use nationwide to determine how they go ahead and settle back tax issue or back tax problems. If there was no standard it would be a free-for-all in there be a huge break down in the system.
So IRS in their wisdom created an available standard and knowing the system is key to success.
IRS uses a current financial statement to determine how are they are in a deal with the back IRS tax debt.
IRS wants review of a 433F, which is their version of a financial statement, along with three months worth of bank statements and pay stubs.
They were also we want to review your current monthly expenses. There are national standards IRS uses as comparison methods.
Tax Options if you got behind on back taxes to the IRS
Once IRS carefully review your financial statement there are generally two options available to you.
1. Over 40% of current cases in which taxpayers owe back taxes those cases are put into a non-collectible a hardship status which means they will stay there for two or three years, with penalties and interest running and will review the case somewhere down the road.
2. While as 6.5 million taxpayers opt for the installment or payment agreement method to pay IRS back the debt.
Once again your current financial statement along with documentation is key for resolving your IRS back taxes. IRS also has a small sundry list of options for online payments which we can determine which is best for you.
There is a third available option if you can meet the standard in criteria it is called the offer in compromise or tax debt settlements.
The Offer in Compromise Program.
When you call our office to review your current financial statement and find out first if you can settle your tax debt.
Anytime a taxpayer calls our office regarding tax debt, we immediately want to find out if it can be settled to the offer in compromise.
One of the nice things about the program deserves a pre-qualifier tool so a taxpayer does not need to spend any money to find out whether they are eligible for this program.
It is important to know that all your tax returns need to be filed with the Internal Revenue Service to keep Uncle Sam happy. We can prepare your back tax returns with little or no records.
If you owe back IRS taxes call us today for a free initial tax consultation and learn the truth about dealing with IRS if you owe back taxes.
When you retain a firm like fresh start tax llc, you are retaining integrity, character, experience and affordable pricing.
If you have gotten behind on your taxes call us today within minutes we can explain your options.
When you call our office you’ll speak to a true IRS tax expert and not a salesperson who can assure that you will get the best possible settlement available with the Internal Revenue Service.
When you call our office you will speak to true IRS tax experts.
IRS Taxes = Got Behind on Your Taxes, Available Options
by Jim Magary | Jan 28, 2016 | Tax Help
The Internal Revenue Service today reminded taxpayers that it issues 90 percent of refunds in less than 21 days.
The best way to check the status of a refund is online through the “Where’s my Refund?” tool at IRS.gov or via the IRS2Go phone app.
“As February approaches, more and more taxpayers want to know when they can expect their refunds,” said IRS Commissioner John Koskinen. “There aren’t any secret tricks to checking on the status of a refund.
Using IRS.gov is the best way for taxpayers to get the latest information.”
Many taxpayers are eager to know precisely when their money will be arriving, but checking “Where’s My Refund” more than once a day will not produce new information. The status of refunds is refreshed only once a day, generally overnight.
“Where’s My Refund?” has the most up to date information available about your refund. Taxpayers should use this tool rather than calling.
Taxpayers can use “Where’s My Refund?” to start checking on the status of their return within 24 hours after IRS has received an e-filed return or four weeks after receipt of a mailed paper return. “Where’s My Refund?” has a tracker that displays progress through three stages:
(1) Return Received,
(2) Refund Approved and
(3) Refund Sent.
The IRS2Go phone app is another fast and safe tool taxpayers can use to check the status of a refund. In addition, users can use the app to find free tax preparation help, make a payment, watch the IRS YouTube channel, get the latest IRS news, and subscribe to filing season updates and tax tips.
The app is free for Android devices from the Google Play Store or from the Apple App Store for Apple devices.
Users of both the IRS2Go app and “Where’s my Refund” tools must have information from their current, pending tax return to access their refund information.
The IRS reminded taxpayers there’s no advantage to calling about refunds.
IRS representatives can only research the status of your refund in limited situations:
if it has been 21 days or more since you filed electronically, more than six weeks since you mailed your paper return, or “Where’s My Refund?” directs you to contact us.
If the IRS needs more information to process your tax return, we will contact you by mail.
The IRS continues to strongly encourage the use of e-file and direct deposit as the fastest and safest way to file an accurate return and receive a tax refund.
More than four out of five tax returns are expected to be filed electronically, with a similar proportion of refunds issued through direct deposit.
by Jim Magary | Jan 28, 2016 | Tax Help
Have former IRS agents and managers negotiate the lowest possible Tax Settlement. Since 1982, We know the system.
We know the system inside and out and are some of the most affordable, trustworthy and notable experts nationwide.
If you are trying to negotiate a fact settlement Internal Revenue Service to settle your tax debt that process is called an offer in compromise.
If you want to file an offer in compromise I thought you’d like to know what the statistics are.
Last year over 78,000 offers in compromise/tax negotiation were filed by taxpayers and over 38% of those were accepted for average of $6500 per case. Much of the success of this program is due to the pre-qualifier tool.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement.
Knowing the formulas that IRS uses is the best way to settle your debt for the lowest amount possible.
We will not file for an offer in compromise unless you are a true candidate for the program. There is an IRS pre-qualifier tool that we review with our clients before we file for the offer in compromise.
Upon your initial tax consultation we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service.
As a former IRS agent, I was a teaching instructor for the offer in compromise, the IRS tax debt settlement program. Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program.
However this program is not for everybody.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
You could hear the truth about the offer in compromise program when you call us.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
I have heard countless horror stories from taxpayers who called me about firms that have ripped them off promising settlements.
As a former IRS agent I taught the offer in compromise program at the district training center as a former employee.
The question, Is pennies on the dollar possible to settle or negotiate tax debt?
Yes, it is as a matter of fact, over 38,000 taxpayers got their debt settled with the Internal Revenue Service for average settlement of $6500 last year.
With that being said there is much to say about this pennies on the dollar program called the offer in compromise.
At our firm we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS and in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlements.
I would suggest anyone who wants to go ahead and settle their tax debt through the pennies on the dollar, offer in compromise program contact an experienced an honest tax professional, have them walk them through the pre-qualifier tool before they give their money to anybody.
If you have any questions or issues about the offer in compromise program to settle your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise. It is possible for the IRS to spend over 20 hours working an offer in compromise.
On cases over $100,000 it is typical they will check your credit report for the accuracy of your financial statement. The higher the dollar case the greater the due diligence.
Many people ask why is this process not that simple.
The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
Right now there are over 7500 cases in the offer queue to be worked.
We are a full-service firm with an expertise in any IRS tax debt matter including offering compromise.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
Types of Offers or Negotiations of IRS Tax Settlement +
• Lump Sum Cash Payment:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
• Periodic Payment:
Submit your initial payment with your application. the Internal Revenue Service will not fully accept an offer unless you meet the terms on the offer form. many offers are immediately returned and cannot be negotiated because taxpayers have filled the form out incorrectly.
Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer.
Understand the process of OIC
While your offer is being evaluated:
• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today for free initial tax consultation to see if you are a certified an eligible candidate for the offer in compromise program.
We call our office you will speak to a true IRS tax professional. So yes pennies on a dollar is possible, however make sure you’re a qualified candidate.
Call us today for a free initial tax consultation and speak to a true IRS expert about the offer in compromise the way to settle your tax debt for pennies on a dollar if you qualify.
When you call our office you will speak to true IRS tax expert to learn more about the offer in compromise and tax debt settlement program to reduce your IRS tax debt.
Negotiate a IRS Tax Settlement + Have a Former IRS Settle Your Tax Debt
by Jim Magary | Jan 27, 2016 | Tax Help
Affordable former IRS agents who can get you back in the system worry free, since 1982. File & Settle at Same Time!
Late Tax Returns, no problem.
If you have received a letter from Internal Revenue Service that you need to file your late back returns call us today and we can walk with you through this process.There is a very easy process to get late filed tax returns back into the system and settle with IRS at the same time. Stop the worry today.
With or without tax records we can file accurate tax returns with the Internal Revenue Service.
Unless you have been involved in some major criminal activities is doubtful that you are headed for major trouble, however with that said IRS does want you back in the system and at some point in time if you do not file your tax returns you will get a knock on the door.
There should be nothing right now keeping you from moving forward because there is a very specific system to get immediate and permanent tax relief. If you know the system the fear will stop.
If you do not file tax returns at IRS is looking for under 6020b of the IRC code, IRS will file your tax returns for you and you will not like the result.
IRS will create an assessment for you allowing you no deductions, no exemptions, no business deductions, file your tax return and start sending bills and notices out.
If you do not follow up on those bills or notices IRS most likely will send out bank wage garnishment levies or file a federal tax lien.
For those taxpayers contemplating getting back in the system there is a worry free process to make this happen.
Most taxpayers just need encouragement and the push to go ahead and get their life straight at this point in time.
Like everything in life there is a system, and the good thing is that we know the system.
As former IRS agents and managers we have a combined 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
Not only did we work as former IRS agents and managers, we taught new IRS agents as job as on-the-job instructors and taught out of the regional training centers of Internal Revenue Service.
We understand every IRS protocol and procedure that there is.
You can let our years of experience work for you so you can stop the worry today.
If you haven’t paid back taxes or filed back income tax returns, speak directly to our affordable specialty experts who can give you some immediate and permanent tax relief. Since 1982 we have been resolving the needs of taxpayers, businesses and corporations that need federal and state tax relief.
The IRS Process of Late Filed Tax Returns
The first thing that we do is send IRS a power of attorney letting them know they only have the right to contact us under your Bill of Rights.
All communication both verbal and written come through our offices.
This way, we answer all the questions and we become your advocate. Remember at the end of the day IRS just wants you back in the system.
You will never have to speak to the IRS. We know how to talk their language and that is a huge help in resolving the problem. At the end of the day all IRS wants to do is close their case off of the CADE2 computer.
We next can pull an IRS tax transcript to find out what years have to be filed for your back income tax returns.
With or without your back records we can prepare your back income tax returns by pulling these transcripts and the use of reconstructive methods that we learned at the Internal Revenue Service.
There are very specific formulas for the use of the reconstruction of tax returns this is also a system that we taught at the Internal Revenue Service.
If you owe IRS back taxes and cannot pay these taxes, IRS usually wants a current financial statement to make you determine your ability to pay IRS back.
As a general rule, IRS wants a documented 433F along with bank statements, copies of pay stubs, and copy of current expenses. They will apply your current income against the acceptable standards used by Internal Revenue Service.
As a result two things usually occur.
1. Your case will either be put into a currently not collectible, a tax hardship status or,
2. You will be asked to make a monthly installment agreement to Internal Revenue Service.
Some taxpayers qualify for the offer in compromise to settle their debt for pennies on a dollar.
The first thing we look to us to settle your case for pennies on the dollar if you are a qualified candidate.
Call us today for free initial tax consultation and we will walk you through the system on how to get immediate and permanent relief from the Internal Revenue Service. Haven’t filed or paid back income taxes is no issue to us, these cases actually result very easily.
With over 65 years of combined IRS work experience we are one of the most trustworthy, professional, inexperienced tax forms.
When you call our office you will speak directly to a true IRS tax experts.
Some quick IRS tax facts:
Over 78,000 offers in compromise to settle tax debts were filed last year. IRS accepted 38% of those filed offers in compromise.
The average settlement was $6500 per case based on the taxpayer’s ability to pay back in their documented financial statements.
Are you eligible to settle your tax debt for pennies on a dollar?
So if you received a letter from Internal Revenue Service, call us today and learn more about the system.
Received IRS Letter to File My Back Tax Returns + We Can Help, Former IRS
by Jim Magary | Jan 27, 2016 | Tax Help
Affordable Local Former IRS Agents & Managers who know the system, Since 1982. A plus Rated BBB.
Since 1982, we are a full service tax firm that specialize in IRS and state tax services.
As former IRS agents and managers we worked out of the local south Florida & Miami IRS offices. We have represented hundreds and hundreds of South Floridians in their IRS and state tax matters.
We taught out of the regional training centers of the Internal Revenue Service and we were on-the-job instructors. We are one of the most experienced, professional and affordable tax firms in South Florida.
At Fresh Start Tax LLC :
1. All work is done in-house by true IRS tax experts,
2. We have over 206 years of professional tax experience,
3. We specialize in IRS tax problem help services,
4. We are one of the most experienced, trustworthy, and honest professional tax firm.
We can remove an IRS tax levy garnishment within 24 hours of receiving your current financial statement, talk to you about the removal of a federal tax lien, represent you during an IRS tax audit, file any and all back tax returns and talk you about the settlement of your tax debt through the offer in compromise.
From a simple IRS notice or letter to going to Tax Court, we have a IRS tax solution.With minutes to reviewing your case we can spell out different types of IRS tax relief.
In most cases in which back taxes our owed, your financial statement is the key to tax resolution. Professional experience is key to resolving any tax problem.
Received a IRS Tax Levies, IRS Bank & Wage Garnishment?
The Internal Revenue Service levies approximately 1.8 million taxpayers each and every year and this figure includes and bank & wage garnishments. IRS also files approximately 700,000 federal tax liens.
The IRS is very generous with their enforcement action.
If you have been levied you are not alone. There are systems to get immediate levy releases.
If you have not responded to an IRS final notice they systematically send out an IRS tax levy from their CADE2 computer system.
As a general rule, IRS sends out a series of billing notices to the last known address.
The IRS billing notices or five weeks apart. You must respond to final notices.
If you do not respond to the IRS last notice, the 1058, you can expect the tax lien or tax levy to show up within 30 days of receiving the notice.
IRS usually does not miss a follow-up date. All follow-up dates are systemically treated by the IRS collection computer. You cannot stop the IRS billing machine unless you call IRS and stumbling manually goes ahead and stops enforcement action.
Before IRS will release the levy many times they want all on file tax returns in their hand to make sure you are in full compliance. The only cases in which IRS will not demand full compliance are hardship cases.
We can prepare all your back tax returns with or without records. We are tax experts for reconstruction of tax returns.
Before IRS will remove a tax levy or wage garnishment they will need a current and verifiable financial statement.
If the cases in the local office the revenue officer will require form 433a.
The revenue officer is a much more seasoned IRS agent and especially geared for higher dollar IRS collection cases.
Once we have your current verified financial statement in hand, we can usually get your tax levy or garnishment released within 24 hours. The sooner you get a sure financial statement the sooner you get your money back from the Internal Revenue Service.
IRS usually closes a open collection case by putting a case into a:
1. tax hardship, this is also called currently not collectible, over 40% of all outstanding IRS back taxes are put in the status,
2. having a taxpayer into a monthly installment agreement, over 6.5 million taxpayers have yearly installment agreements.
3. telling them they may qualify for an offer in compromise your tax debt settlement.
Offer in Compromises are very tricky and should only be turned in by true tax professionals. IRS is very strict about their offer process.
Right now there are over 7500 cases sitting in the queue. anyone wishing to file an offer in compromise should walk to the pre-qualifier tool to make sure they are an eligible candidate so they don’t waste time and money.
Please remember your current financial statement will determine the outcome of your case therefore it is critical to have a tax professional complete the financial information.
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.
IRS Offer in Compromise/ IRS Tax Debt
If you wish to settle your tax debt, 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 for a tax debt settlement called an offer in compromise.
We do not file an offer in compromise for a tax debt settlement unless you are a qualified candidate.
Approximately 38% of all taxpayers who file an offer in compromise get accepted by the Internal Revenue Service however you must be a qualified candidate.
The average settlement is $6500 per case but that is just the national average.
We walk all our clients through the process.
Call us today for a free initial tax assessment.
Stop IRS Tax Bank Levy, Wage Garnishment + Unfiled Taxes + Settle Taxes + Payment Plans + Hallandale, 33309 + Dania, 33304
