by admin | Mar 27, 2012 | IRS Tax Advice, Representation, Tax Returns, Uncategorized
After being an IRS Agent for over 10 years and in private practice for over 29 years I have found a consistency in tax preparation errors.
If you need quality income tax preparation call us today.
The same errors happen over and over. The following are tax tips that may help you file your tax return trouble free.
Common tax errors to avoid:
1. Social Security – Incorrect or missing Social Security numbers.
When you enter social security numbers for anyone listed on your tax return, be sure to enter them exactly as they appear on the Social Security cards. IRS will kick out an error letter or notice to you if they do not match.
2. Incorrect or misspelling of dependent’s last name.
When entering a dependent’s last name on your tax return, make sure to enter it exactly as it appears on their Social Security card. Once again, IRS computers are exact matches.
3. Filing status errors.
The most common mistakes. Choose the correct filing status for your situation. About 40% of all errors occur with these mistakes.
There are five filing statuses:
1. Single,
2. Married Filing Jointly,
3. Married Filing Separately,
4. Head of Household
5. Qualifying Widow(er) With Dependent Child.
4. Math errors are very common. When preparing paper returns, review all math for accuracy. If you file electronically the software does the math for you!
5. Computation errors. Electronic filing basically eliminates this.
Take your time. Have someone review the tax return. Many taxpayers make mistakes when figuring their taxable income, withholding and estimated tax payments, Earned Income Tax Credit, Standard Deduction for age 65 or over or blind, the taxable amount of Social Security benefits and the Child and Dependent Care Credit.
6. Incorrect bank account numbers for direct deposit. Bad Mistake!!!
Double check your bank routing and account numbers if you are using direct deposit for your refund.
7. Sign and date the return.
An unsigned tax return is like an unsigned check. Also, both spouses must sign a joint return. Both spouses should not only sign but fully review the tax return.
8. Incorrect adjusted gross income.
If you file electronically, you must sign the return electronically using a Personal Identification Number. To verify your identity, the software will prompt you to enter your Adjusted Gross Income from your originally filed 2010 federal income tax return or last year’s PIN if you e-filed. Taxpayers should not use an Adjusted Gross Income amount from an amended return, Form 1040X, or a math-error correction made by IRS.
by admin | Mar 19, 2012 | IRS Tax Advice, IRS Tax Problem, Tax Help, Tax News, Tax Settlements, Uncategorized
Tax Masters Bankruptcy – Help for Former Clients – 1-866-700-1040
Get real professional tax help or tax resolution from a “A” Rated Tax Firm with over 205 years of professional tax experience and over 60 years with the IRS in the local, district and regional offices of the IRS.
So what is the real story about Tax Masters – Deception, False Advertising, preying of the needs of false hope.
We see it so many times. I am the co-owner and founder of Fresh Start Tax L.L.C. About one half of all our incoming calls are from from taxpayers who have been ripped off by other tax firms claiming impossible of unachievable results.
I see it so many times it is sickening. Taxpayers have been ripped off for thousands of dollars from salespeople claiming to be IRS specialists. In reality these people are no more than hucksters or ripped off artists. Many of these taxpayers have lost everything including their savings and still owe the IRS a boat load of money.
Many of these taxpayers will have a bank levy, wage levy or wage garnishment placed on their wages or bank accounts because of the false and deceptive business practices of the likes of Tax Masters, J.K. Harris and the Tax Lady Roni Deutsche.
The claims Tax Masters were making were just to good to be true but desperate people bought into to this fraudulent advertising practice on settling for pennies on a dollar. While pennies on a dollars can happen you must have your case evaluated to even thinking about a tax debt settlement. There are specific rules for tax settlement. I should know, I was a former IRS Agents and Offer in Compromise specialist.
The Tax Masters television commercials featured CEO Patrick Cox, who claims his company’s staff of former IRS agents and tax professionals have helped countless thousands of taxpayers just like you.
The Tax Masters ad blitz has been a driving force in the company’s soaring corporate revenues. The company, which went public brought in $45.7 million in 2010, a three-fold increase in two years, according to filings with the Securities and Exchange Commission. This was all due to the voluminous advertising budget filled with false hope
Part of the Problem – On the Tax Masters website they were looking for salespeople and not true tax practitioners. There website posts included this verbiage, “Are you a talented closer ready to move into the next income bracket?” call us.
“Previous tax knowledge is not required,” stated the employment ad, which Tax Masters says has since been modified.
At the heart of the problem, says Attorney General Swanson, is a requirement that customers pay an upfront fee ranging between $2000 and $8000. for false promises of salespeople.
If you are looking for a professional tax firm to help with your IRS problem look for the following:
1. The BBB rating of the company
2. Talk directly to the person that will be working your case.
3. Ask for the credentials of the person working your case.
4. Find out how long the company has been in business
5. Find out how many IRS agents they have on staff.
If you are looking for a free tax consultation call us today and hear the truth. 1-866-700-1040
by admin | Mar 19, 2012 | IRS Tax Problem, Tax Help, Uncategorized
TAX MASTERS – Get Free Tax Help – Fresh Start Tax – 1-866-700-1040 – Call us today!
A Rated by the BBB.
Former IRS Agents, Managers and Former Instructors can give you immediate tax relief and stop the IRS today.
We will offer huge savings on tax representation fees if you can prove you are a former Tax Masters client.
Since the Bankruptcy of Tax Masters former clients are now scrambling for immediate tax relief. These former clients have paid thousands of dollars to Tax Masters and no longer have tax representation. Basically they have been ripped off.
Tax Masters spent their money on their advertising budget and less on qualified personnel.
After the demise of Roni Deutsche and J.K.Harris, Fresh Start Tax LLC represented many former clients and finished their tax resolution cases with superior results. Check our BBB rating.
Fresh Start Tax LLC has already received some of the former clients of Tax Masters and have offered them discounts to finish up there cases. Some of the former clients have been left in the cold with no idea where their tax case stands. Over 5000 clients have been left stranded.
As a former IRS agent I can tell you that the IRS does not care whether the company representing you went out of business or not, the mission of the IRS is to close cases no matter how.
IRS will continue to levy and seize no matter what.
As former IRS agents we can stop the IRS, find out where your case is and actually close your case. We will also reduce our fees for former Tax Masters clients.
Call us today for a free tax consult.
Fresh Start Tax L.L.C. is one of the premier tax resolution firms in the country. We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations. We have staff that specialize in every facet of IRS Tax Representation.
We know all the IRS tax strategies because of our extensive IRS working backgrounds. We were Former IRS Certified Tax Instructors that taught IRS Tax Law in the IRS Regional Training Center. Some of our many specialties include the following:
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
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
See our Home Page for more details Thank you
by admin | Mar 19, 2012 | IRS Tax Debt
Tax Masters – Fresh Start Tax L.L.C. helping Tax Masters former clients.
Get a free tax consultation for your case, no strings attached!
It happened once again and everyone in the tax resolution knew it would only be a matter of time.
The last of the big 3 would close it’s doors. It happened first to the Tax Lady Roni Deutsche, then J.K.Harris and finally the bankruptcy of Tax Masters and Patrick Cox.
These are the main 3 tax resolution companies that advertised heavily in the tax resolution industry. According to the Southern Texas Bankruptcy filing, Tax Masters had less than $5000 in asset and up to 5,000 creditors.
Michael D. Sullivan one of the founders of Fresh Start Tax LLC company believes that smaller to mid-size companies work best in this tax vertical. The reason is quite simple, the Big 3 concentrated on marketing and advertising and less on work or work performance. They were cash machines preying on taxpayers that had IRS problems.
These large companies got so much work in through advertising dollars they could not keep up with demand. Also the reason they got the work was based on false promises that taxpayers tax liability would be settled for pennies on a dollar.
While pennies on a dollar can be true, it just does not happen as much as taxpayers would like. IRS received 57,000 offers in compromise to settle tax debt last year and accepted 12,000 cases for an average of $.14 cents on a dollar.
One of the other main reasons these large companies fail is due to the fact that they do not have the qualified personal to work the cases because most of there budget is spent on advertising dollars.
Fresh Start Tax LLC will offer a free tax consultation all taxpayers that have had tax issues with with Tax Masters, J.K.Harris, or the Tax Lady. Fresh Start Tax LLC is one of the leading tax resolution firms in the country as of the writing of this article has had no complaints and remains spotless.
You have nothing to lose and you will get solid tax advice.
Fresh Start Tax L.L.C. is one of the premier tax resolution firms in the country. We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations. We have staff that specialize in every facet of IRS Tax Representation.
We know all the IRS tax strategies because of our extensive IRS working backgrounds. We were Former IRS Certified Tax Instructors that taught IRS Tax Law in the IRS Regional Training Center. Some of our many specialties include the following:
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
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
See our Home Page for more details Thank you
