IRS Audit, Back Tax Help, Affordable Settlements – Orlando, Winter Park, Winter Haven, Clermont – IRS, Sales Tax Experts

January 30, 2014
Written by: Fresh Start Tax
Fresh Start Tax

 

We are the Affordable Tax Experts.

We are professional tax firm located in the state of Florida that has been practicing since tax resolution since 1982.

We are the affordable tax experts.

We were A+ rated by the Better Business Bureau and we have over 206 years of professional tax experience.

If  you are undergoing an IRS tax audit, need back tax help, or considering in IRS  tax settlement contact one of our tax professionals today and we can go over the various options and remedies to immediately and permanently resolve your state or federal tax problems.

Our firm is comprised of tax attorneys, certified public accountants, enrolled agents, and former IRS and state tax agents.

Our staff is accumulative 76 years of IRS and state tax experience in the local, district, and regional tax offices.

We handle all back and unfiled tax returns and work out an IRS tax settlement called an offer in compromise should you owe back taxes to the IRS.

Being former IRS agents and managers we understand all the protocols and settlement  used by Internal Revenue Service to ensure the lowest possible tax settlement.

 

Which Issues does IRS look at for Audit Tax Returns

 

1. High incomes.

Your chance of being audited substantially increases once your income crosses $200,000, according to a recent IRS report on its enforcement activity.

 

2. Large itemized deductions.

Deduct every penny you’re entitled to but  you must realize that if your itemized tax deductions are bigger than the IRS’ target range for people at your income level, your return may get a second look.

 

3. Home offices deductions.

You can only take a home office deduction if you meet all of the qualifications, including regularly and exclusively using part of your home as your principal place of business. For example, if your office doubles as the kids’ playroom, you’re generally unable to deduct it.

 

4. Missing investment income.

You know the IRS Form 1099 that financial services companies send you that summarizes your interest and dividends for the year? The IRS also gets that information. Make sure your return properly includes this information.

 

5. Business losses.

Remember your tax return must make sense. If your business loss seems out of proportion to you it probably is in the same way out of proportion to Internal Revenue Service. remember that irises can compare your tax return to others in their computer programs are set up to kick out audits that fall out of the norms.

 

6. Charitable deductions.

You’ll need a canceled check or dated receipt for any cash contributions, and contributions of $250 or more require written acknowledgement from the charity. If you made a non-cash contribution valued at more than $5,000, you’ll need an expert appraisal to back up your claim.

 

7. Medical expenses.

If you’re 64 or younger, you can deduct these costs only to the extent they’re greater than 10% of your adjusted gross income. It’s important to keep detailed records.

Beware – you cannot deduct the cost of over the counter medicine, health club dues or most cosmetic surgeries. Nice try.

 

8. Unreported Foreign Income

The Internal Revenue Service has made it their mission to go after overseas money belonging to taxpayers that have hidden it offshore.

If you have unreported foreign income and need to file an Fbar report. call and speak directly your tax attorneys today.

 

9. The DIF Audit

Be aware that every tax return filed is graded and scored by the Internal Revenue Service. If your tax return falls out of the norms and standards used by the Internal Revenue Service they will take a much closer look to find out whether your tax return is audit worthy.

Contact us today for free initial tax consultation.

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