by Jim Magary | Nov 30, 2015 | Tax Help
We can file your Late Back Tax Returns and settle your case all at the same time. Former IRS, since 1982.
As former IRS agents and managers we know the system to file your back tax returns and settle your tax debt all at the same time.
We have worked on thousands of cases since 1982. we know all the systems in all the protocols to make this an easy and seamless process.
There is a very specific format and methodology to go ahead and take care of your IRS tax matter together.
Do not be afraid to file your back tax returns. We know the system and can get you back into the good graces with IRS without pain and worry.
Many taxpayers need to file multiple back tax returns because for various reasons they stop filing their tax returns.
As former IRS agents we understand that most taxpayers get scared when they have to file back tax returns thinking the IRS is going to hunt them down or possibly be put in jail. This is simply not the case. IRS simply wants you back into the system.
Based on the facts and circumstances of your case we will file anywhere from 3 to 6 back tax years.
A determination will be made based on various criteria.
As former IRS agents we understand the protocols and the systems that IRS uses to make these determinations. We will apply those methodologies to your case, file your back tax returns and settle your tax that all at the same time.
If you have few tax records we can prepare your back taxes under reconstructive methods.
We can get IRS tax transcripts and do cost of living analysis the file your back tax returns.
Once prepared we will send them to IRS take a current financial statement, call the IRS and work out a settlement based on your current financial statement.
You will never have to speak to the Internal Revenue Service.
Based on your current financial statement, the IRS has various options for settlements.
They may determine based on your current and documented financial statement to put you into a currently uncollectible status, may ask you to make a monthly payment agreement or review the criteria for you to settle your case by the filing of an offer in compromise.
Call us today we will review your case for free initial tax consult and we will give you all the information you need to make a confident decision based on the facts.
We are a full-service firm of all work done in-house. We are used by other firms to do their backend work.
We have been in private practice since 1982, have over 206 years of professional tax experience, and are A+ rated by the Better Business Bureau.
How to File Late Tax Returns + File & Settle Back Taxes + Affordable
by Jim Magary | 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 Jim Magary | Nov 18, 2015 | Tax Help
We are an” AFFORDABLE ” professional tax firm that has been in private practices 1982. We know the IRS systems!
Find out with a free tax consult how to settle your tax debt.
Get IRS off of your back once and for all! We are Former IRS Agents and managers who know the system.
If you have any back tax issues with the Internal Revenue Service or have not filed back income tax returns, we can settle and resolve your case all at the same time.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We know the IRS system inside and out.
I am a former IRS agent revenue officer and teaching instructor for the offer in compromise program.
Please feel free to call ask questions about is the possibility into the program.
Fresh Start Tax LLC
We do our own work in-house, most companies sub their work out to backend offices.
We are staffed with tax attorneys, CPAs and former IRS agents.
We have over 60 years of direct work experience working in the local, district and regional tax offices of the IRS.
We have a very streamlined process to closure case with efficiency and for affordable fee structures.
Settling, Resolving, Reducing Tax Cases on Back Taxes
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS conducts a very thorough review of your financial statements so you want to be prepared and accurate.
IRS rules require only form 433F, along with bank statements, copy of pay stubs, and monthly expenditures.
IRS conducts a thorough review of your current financial statement and compares that with the national, regional, and localized standards to ensure that everybody is getting the same treatment.
You can find the standards on our website under the form page.
The national standards have many restrictions and that’s why it is important to have an experienced tax professional work on your case.
The IRS will use a six-month timeframe to make determinations on your case. In some cases the IRS can ask for the last years if they wish, documentation is the key.
It is important a true professional fill-out the financial statements because we know exactly what IRS is looking for and can help navigate the waters to get you achieved results.
Past Due Back Tax Returns, Unfiled Tax Returns – You Must File All Tax Returns
Over 16 million taxpayers do not file annual tax returns.
The tax gap on these unfiled returns are approximately $415 million.
At some point if you do not file the Internal Revenue Service will catch up with you, do not keep your head in the sand.
If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS.
If you did not file your back tax returns, IRS can prepare them for you and you will owe more money than you should. IRS as the ability under 6020B to file for you.
If you do not respond to the IRS bills and notices they send out as a result of filing your tax returns IRS will follow-up with tax levies in the filing a federal tax liens. IRS files approximately 600,000 federal tax liens each and every year.
We can prepare your back or on file tax returns with little or no tax records.
Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you. We can get you back into the system worry free.
The Offer in Compromise Program/Tax Debt Settlements
If you wish to settle your tax debt for pennies on the dollar it is necessary to submit an offer in compromise.
Before filling out any offer in compromise I ask all taxpayers to walk to the IRS pre-qualify or tool to make sure they are a suitable candidate.
Selecting a IRS payment option for the OIC
Your initial payment will vary based on your offer and the payment option you choose:
1. Lump Sum Cash:
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.
2. Periodic Payment:
Submit your initial payment with your application. 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 OIC process
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.
When you call our office we will let you know if you are a suitable candidate for the OIC and we can let you know the lowest amount of law that IRS will accept on your case.
Call us today for a free initial tax consultation and hear the truth from true IRS tax experts.
Offer in Compromise Specialist, Affordable + Reduce, Resolve, Settle Back IRS Tax Debt + Former IRS + San Jose
by Jim Magary | Nov 18, 2015 | Tax Help
We can get your IRS tax levy, wage garnishment levy released within a 24-hour period of time and close your case at the same time.
We are the affordable professional tax firm that knows the system. Since 1982. As former IRS agents and managers we know the system.
We have a combined 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service and know exactly how to settle your case with the Internal Revenue Service.
We are composed of tax attorneys, CPAs, and former federal and state agents.
If you are in receipt of an IRS tax levy, wage levy or bank levy garnishment contact us today and we can get your tax levy released in your case closed all at the same time for the same fee.
We will speak with you about settling your tax debt to the offer in compromise program.
Our firm, FST, will not submit an offer in compromise until we walked through the offer in compromise pre-qualifier tool to make sure that you can settle your tax debt for pennies on dollar.
As a revenue officer, I both work this program was a teaching instructor for the tax debt settlement program. I’m a true IRS tax expert for the offer in compromise.
IRS Stats on open collection cases:
The Internal Revenue Service accepted 38,000 offers in compromise last year for average of $6500 per settlement.
Last year there were 78,000 offers in compromise filed. Please keep in mind this is a national average.
Taxpayers should be aware that there is a pre-qualifier tool for the offer in compromise program.
I suggest everyone the walk through this particular tool given by Internal Revenue Service to find out for a qualified candidate
TAX LEVIES = IRS Tax Levy, IRS Wage Garnishment Releases
The IRS filed 1.8 million the bank and wage garnishment levies last year.
So if you received a bank or wage garnishment levy you are not alone. IRS is just a huge billing machine and they show no favoritism. You owe tax. Don’t answer the notices. You can expect an IRS tax levy or wage garnishment.
Not a human hand touches those levies they are sent out by the IRS huge collection computer, CADE2.
Before IRS will release a tax levy, a wage garnishment or bank seizure, Internal Revenue Service will need a current documented financial statement.
If your case is in the automatic collection system you will be filling out and documenting form 433F which you can find directly on our website. It is the only form the Internal Revenue Service will use.
When calling our office we will complete the form, speak to the Internal Revenue Service and within 24 hours of having your fully documented financial statement we can get your IRS tax levy released.
If the cases are in the local IRS office form 433 a will be required and a much more detailed investigation will be made on your current financial statement.
If this is the case a revenue officer out of the local office will be looking at your case. The revenue officer will look at your case more in-depth than the ACS unit.
Being a former IRS agent teaching instructors gives us a huge advantage and the benefit of our experience is invaluable to our clients. We know the system inside and out.
The filling out of your financial statement is critical into the settlement of your case. using former IRS agents and managers will give you a tremendous advantage.
With that current financial statement you will need to provide IRS the last three months of your bank statements, copies of your pay stubs and your monthly expenses. IRS does a thorough review of your financial statement therefore you want to make sure you are both honest and accurate.
As a general rule IRS will not release your levy until all your tax returns are filed.
We can prepare all your back tax returns with little or no records. We are tax experts for reconstruction.
Internal Revenue Service usually closes your case off the enforcement two general ways: Based on your current financial statement, IRS will put you in a currently uncollectible file or put you in a payment agreement.
Over 40% of collection cases wind up in a current tax hardship and 6.5 million other taxpayers are put into monthly installment payment plans.
Filing Back Late, Past Due Tax Returns
It is important you file all back tax returns if not the IRS can file for you under 6020 B of the Internal Revenue Code and they will make sure you get no deductions.
IRS will not give any non-filer any deductions or exemptions that they prepare under 6020B.
IRS may fail to release an IRS tax levy wage garnishment or bank levy because taxpayers have failed to file back tax returns.
After the review of your IRS financial statement we can let you know whether you are a possible debt settlement candidate for the offer in compromise program.
One last note of interest, it is very critical all taxpayers respond to all IRS notices because IRS intends to follow up on all the dates given on each and every notice sent.
Also be aware that IRS billing cycles are five weeks apart.
Call for free initial tax consultation and hear the truth we are the affordable professional tax firm.
Remove IRS Tax Levy NOW + Bank & Wage Garnishments + File Back Tax Returns, Settle Offer in Compromise
by Jim Magary | Nov 17, 2015 | Tax Help
We are an “AFFORDABLE” full-service Christian tax firm specializing in all IRS & State tax matters and problems.
Since 1982 <>< A Plus Rated BBB.
We have been in private practice since 1982 and are a biblical-based tax firm.
Proverbs 11:14
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Listen to advice and accept instruction, that you may gain wisdom in the future. Many are the plans in the mind of a man, but it is the purpose of the Lord that will stand.
FST can handle any IRS or State tax matter, tax problem and offer options and resolutions to bring your IRS or State tax problem to immediate and permanent end.
We can get a release of an IRS tax levy within 24 hours of receiving your current financial statement, file any and all back tax returns and work out a settlement if you are a qualified candidate for the offer in compromise program offered by the Internal Revenue Service.
All our work is done in-house by true Christian tax professionals.
We have over 206 years professional tax experience and over 60 years of working directly for the Internal Revenue Service.
Due to our years of experience at the Internal Revenue Service we know all the protocols, systems and the nuances of IRS to get you immediate and permanent IRS tax relief.
Our former IRS agents have over 60 years of working in the local, district, and regional tax offices of the Internal Revenue Service.
On staff are Christian tax attorneys, Christian tax lawyers, Christian certified public accountants, Christian enrolled agents and Christian former IRS agents.
Please feel free to ask to us about our faith when you call us.
We are available for appointments in our local offices, by Skype, or by telephone call.
When you call our office you will speak directly to a true IRS tax professional who can help you permanently resolve your IRS case.
We can get an IRS tax levy released within 24 hours, file all back tax returns and talk to you about working out a tax settlement through the IRS offer in compromise program.
We can also file any back or unfiled tax returns with little or few records due to our reconstructive methods learned that Internal Revenue Service.
Call us for a free initial tax consultation and find out the various options you have to resolve your IRS tax problem.
Best sermon I ever heard, John Ortberg, “it all goes back in the box.”
Christian IRS Problem Tax Relief – IRS Tax Levy, Offers to Settle Tax Debt, Unfiled Tax Returns, IRS & State Tax Representation
