by admin | Nov 4, 2014 | Tax Help
FST is a affordable tax firm comprised of IRS tax attorney lawyers, CPAs and former IRS agents and managers.
We’ve been practicing since 1982 in our A+ rated by the Better Business Bureau.
FST has over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service.
We are true tax experts for any IRS problem from a simple IRS notice or letter to going to IRS appeals and even going to tax court.
We are the affordable IRS tax resolution firm.
Our former IRS agents have logged over 60 years of direct work history in the local, district, and regional tax offices of the Internal Revenue Service including teaching in the regional training center.
We know everything there is to know to release your IRS levy, to get an IRS payment agreement, or place your case into an economic tax hardship if you cannot pay your debt at this current time.
FST can get a tax levy garnishment released within 24 hours of receiving your current and documented financial statement.
Included in the financial statement will be your last three months bank statements copyright, a copy of your last paystub, and a copy of all your monthly bills. The Internal Revenue Service will be comparing that against the national, regional, and local norms.
We can walk you through the IRS tax settlement process called and offer in compromise if you are a qualified candidate.
We will walk you through the IRS pre-qualifier tool to see if you are a qualified candidate to settle for pennies on a dollar.
If you work in going through an IRS tax audit you can have a former IRS revenue agent audit manager represent and provide your very best tax defense during an IRS tax audit.
If we are not satisfied with the results of a tax audit we can take the case to IRS appeals and even tax court if you have a valid defense.
If you are going too we owe back taxes as a result of your tax audit we can work out a tax settlement for you.
Somevery quick IRS tax facts:
- the IRS levies close to 2 million taxpayers every year,
- the Internal Revenue Service has over 10 million people on IRS payment plans,
- the IRS accepts 38% of all tax settlements filed for an average of $.14 on a dollar,
- IRS audits less than 1% of all taxpayers,
- IRS audits 1.4 million taxpayers by mail correspondence.
All our work is done in-house by true tax experts.
We are the affordable tax firm practicing since 1982.
Call us today for free initial tax consultation and speak directly to affordable tax expert.
Tax Attorney Lawyer – IRS Tax Levy, Payment Plans , Hardships, Tax Settlement, Tax Audits, Fall River, Newton, Lawrence, Somerville, Framingham
by admin | Nov 4, 2014 | Tax Help
We are the affordable Professional Tax Firm.
We can resolve your IRS problems. We are A plus rated by the BBB.
FST is comprised of tax attorneys, certified public accountants, and former IRS agents.
Our former IRS agents have over 60 years of working directly for the Internal Revenue Service and we know the system inside and out.
We taught tax law at the IRS.
We have worked as IRS revenue agents, IRS revenue officers and IRS Auditors.
We can handle anything from a simple IRS notice /letter/ or correspondence to going to Tax Court.
FST is a full service tax firm that has been in private practice since 1982 resolving tax problems and issues of taxpayers nationwide.
IRS Tax Levy Releases/Removals
If you have received a IRS bank levy or wage garnishment levy, within 24 hours of receiving your verifiable financial statement, as a general rule we can get your levy release in your case closed.
Please keep in mind that if you received an IRS bank levy, the bank has 21 days before issuing the proceeds to Internal Revenue Service and if you have received an IRS wage levy garnishment a good portion of your next paycheck will be going to IRS.
If you’re undergoing an IRS tax audit you can be represented by a former IRS agent who understands all the techniques used during IRS tax audit.
If you wish to settle your tax you can speak to a former IRS revenue officer who both worked and taught the IRS offer in compromise program.
If you need to file back tax returns we can do so.
We can use reconstructive methods if you’ve lost some your tax records and assure you pay the lowest amount allowed by law.
Please Note:
Any time you contact IRS you will have to have all tax returns filed in current.
All taxpayers should realize that if they do not file their tax returns IRS can file their tax returns for them under 6020 B of the Internal Revenue Code.
If you have any questions contact us today.You will speak to a true IRS tax expert.
IRS Taxes Help -Tax Levy, Tax Audit, Settle Tax, Filing Tax * Affordable Fall River, Newton, Lawrence, Somerville, Framingham
by admin | Nov 4, 2014 | Tax Help
We are affordable professional firm that specializes in tax help relief of IRS tax debt. We know the system.
We have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
We also taught Tax Law at the IRS. We know the system inside and out.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
The IRS Process of Dealing with Back IRS Tax Debt & Owing IRS
Anytime you deal with back IRS tax debt with the Internal Revenue Service and you are seeking tax relief or even a tax settlement the IRS will evaluate your case based on a current financial statement.
The financial statement will encompass as a general rule the last six months.
The form that the IRS will use is a form 433F or a 433a.
That financial statement that IRS will require will need to be documented and verified for the agent to review. Once the Internal Revenue Service of evaluates the statement are they will usually close the case in one of three ways.
IRS will want to see 3 months worth of bank statements, your last pay stub and a copy of all your monthly bills.
After a review or analysis, the Internal Revenue Service may determine that you are a current hardship and suspend the case for two or three years based on your current finances.
The Internal Revenue Service may because of your current income and expenses ask for a monthly payment plan or the IRS can evaluate your case and let you know that you are a tax settlement candidate.
Call us today for a free initial tax consultation we will walk you through the process on how to dispose of an IRS tax debt and provide immediate tax relief and go over the tax settlement procedures with you.
We are a full service tax firm practicing since 1982.
It is important to remember that all tax returns will have to be filed and brought up to date when dealing with the Internal Revenue Service.
Important Note – When dealing with the IRS all tax returns will need to be filed and up to date.
Owe IRS Back Tax Debt, Tax Help Relief, Tax Settlement – Affordable, Former IRS – Fall River, Newton, Lawrence, Somerville, Framingham
by admin | Nov 4, 2014 | Tax Help, Uncategorized
If you cannot pay your tax bill it only makes sense to hire former IRS agents know the system to handle all tax negotiations.
We are a full service tax firm with an expertise in IRS and state tax problems.
If you owe the IRS and cannot afford pay?
IRS send out over 25 million first notices so do not feel bad.
There are many options you have available to resolve your IRS tax problem. It is always best to get some good sound IRS tax help and IRS advice to resolve your problem in the most efficient way.
Call us for a no cost initial consultation so we can discuss all the tax options in detail to best resolve your case. 1-866-700-1040.
How IRS will try to resolve your tax bill.
IRS treats all tax bills like a receivable.
There is a system.
IRS sends out a series of tax notices and bills, as a general rule the IRS will send out 2, 2, or 4 tax notices depending on the type of IRS tax debt.
Your last and final notice will be a notice of seizure and a right to a hearing.
If you do not act on the last and final notice, IRS will be sending out a bank levy or wage levy garnishment and that will probably be followed up with the filing of a Federal Tax Lien.
It is imperative you act on the final notice because it get uglier and uglier. Those taxpayers who put their head in the sand are in for very tough days when they find out one day their bank account has been emptied for the IRS is just garnished or levies their wages from IRS back taxes.
A current documented financial Statement.
As a general rule, the Internal Revenue Service will require a current financial statement to determine how they will take your case off IRS Cade 2 computer system which is the enforcement computer system at IRS uses to collect those who owe back IRS taxes.
IRS will want a financial statement (433 A,F) along with three months of bank statements, copy of all monthly bills and a copy of your pay stub to completely verify the financial statements.
After the Internal Revenue Service verifies your current financial statement there are three general tax or settlement options available.
There are 3 basic ways IRS attempts to close
1. Hardships – You simply cannot pay IRS at this time.this is called a current hardship.
Cases usually go into a 2 or 3 year suspended status because of an inability to pay. This is also called currently noncollectable.
Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.You can find that on our website.
2. Payment Agreements, Installment Payments, Payment Plans
b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
3. IRS Offer in Compromise, Tax Settlement
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
3. Effective Tax Administration/ Exceptional Circumstances – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Call us for a free initial tax consultation and hear the truth about owing IRS back taxes.
If you are in a current hardship or need a current installment agreement or want to submit an offer in compromise, call our tax professionals today.
Owe IRS Back Taxes and Cannot Pay? Get Help from Former IRS Agents – Tax Attorneys, Former IRS
by admin | Apr 4, 2012 | IRS Payment Plans, IRS Tax Advice, Representation, Tax Help
If you make estimated tax payments this is something you might want to read.
Most taxpayers that owe money to the IRS do so simply because they fail to make their estimate tax payments.
Since self employed individuals do not have withholding taken out of their checks, the ES or Estimated payments are the easiest and best way to make sure you do not have a large tax payment the end of the year.
You may need to pay estimated taxes to the IRS during the year if you have income that is not subject to withholding.
These tips from the IRS explain estimated taxes and how to pay them.
1. If you have income from sources such as self-employment, interest, dividends, alimony, rent, gains from the sales of assets, prizes or awards, then you may have to pay estimated tax.
2. You must pay estimated taxes in 2012 if both of these statements apply:
1) You expect to owe at least $1,000 in tax after subtracting your tax withholding (if you have any) and tax credits, and
2) You expect your withholding and credits to be less than the smaller of 90 percent of your 2012 taxes or 100 percent of the tax on your 2011 return. Special rules apply for farmers, fishermen, certain household employers and certain higher income taxpayers.
3. For Sole Proprietors, Partners and S Corporation shareholders, you generally have to make estimated tax payments if you expect to owe $1,000 or more in tax when you file your return.
4. To figure your estimated tax, include your expected gross income, taxable income, taxes, deductions and credits for the year.
You can use the worksheet in Form 1040-ES, Estimated Tax for Individuals, for this. You want to be as accurate as possible to avoid penalties. Also, consider changes in your situation and recent tax law changes.
5. The year is divided into four payment periods, or due dates, for estimated tax purposes. Those dates generally are April 15, June 15, Sept. 15 and Jan. 15 of the next or following year. Depends of holidays.
6. Form 1040-ES, Estimated Tax for Individuals, has everything you need to pay estimated taxes.
It includes instructions, worksheets, schedules and payment vouchers. However, the easiest way to pay estimated taxes is electronically through the Electronic Federal Tax Payment System, or EFTPS, at www.irs.gov. You can also pay estimated taxes by check or money order using the Estimated Tax Payment Voucher or by credit or debit card.
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
- Audit proof your tax return
See our Home Page for more details Thank you
