by Jim Magary | Oct 28, 2015 | Tax Help
We are an “Affordable” Professional Tax Firm that has been resolving IRS problems since 1982, A+ rated by the BBB.
If you owe IRS back taxes, we have different solutions to remedy your problem.
Having combined 60 years of IRS work experience we know all the available IRS tax solutions. As former IRS agents we taught tax law to new IRS agents.
FST are tax experts for releases and removal IRS tax levies, provide IRS tax defense and IRS tax representation for IRS tax audit, IRS tax settlement experts, and for those wishing to make payment agreements with the Internal Revenue Service.
Since 1982 we have been representing taxpayers and businesses before the Internal Revenue Service. We have 206 years of professional tax experience.
If you owe back IRS taxes and received a tax levy garnishment, have received an IRS notice of tax audit, in need of an IRS payment plan tax settlement or installment agreement call us today to hear every option available to you to get you immediate and permanent IRS tax relief.
Our former IRS agents have logged over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
Remove or Release a IRS Tax Levies or Wage Garnishment
IRS usually levies 1.9 million taxpayers and businesses each and every year, so have you if you have received an IRS tax levy you are not alone.
IRS is the largest collection and billing machine in the world.
The IRS tax levy goes out systemically not a human hand catches a tax levy.
IRS levy information comes via your tax returns. IRS captures information from the banks and employers that you have placed on your tax returns.
An IRS tax Levy usually comes in two forms.
Bank levy or an IRS wage garnishment levy.
Both IRS tax levies are different. It is important for you to understand the difference.
An IRS Bank Levy puts a freeze on your money for 21 days where an IRS wage garnishment levy is an immediate seizure of your paycheck.
The bank will send your frozen funds to IRS on the 22nd day.
The IRS will give you 21 days to work out a settlement before they receive the funds. your employer is mandated by law to send your next paycheck to the Internal Revenue Service if they have received a wage garnishment notice.
Certain exemptions apply but approximately 80% of your check will go to the Internal Revenue Service because of the IRS tax levy garnishment.
If you want your money back is a result of a wage garnishment levy you will have to communicate with the Internal Revenue Service and have your case taken off the IRS collection computer.
Within 24 hours of receiving your current financial statement, and as a general rule we can get your IRS bank tax levy garnishment released and your case settled with the Internal Revenue Service.
As former IRS agents we understand every system necessary to make this a seamless and easy process for you.
As a general rule cases are closed by Internal Revenue Service after reviewing a current financial statement.
As a general rule, IRS will close your case by putting it into a current tax hardship, asking for a monthly payment plan or the fact that you qualify for an offer in compromise to settle your tax debt for pennies on the dollar.
Not only will we get your tax levy released we will settle your case at the same time.
If you are wishing for an IRS tax settlement called an offer in compromise, we will be happy to walk you through the IRS prequalifier tool to see if you’re a suitable candidate before filing any offer in compromise. Due to the new IRS fresh start initiative it is much easier for taxpayers to settle cases.
IRS settles 38% of all offers and compromises that are filed and settles for an average of $6500. Keep in mind this is a national average and differs because of everyone’s unique and individual financial statement.
If those who wish to make payments to the Internal Revenue Service to resolve their debt, we will walk you through the financial statement and make an affordable payment that you can live with.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982. Free tax consults.
Owe IRS Back Taxes = IRS Tax Levies + Wage Garnishment + IRS Tax Audit + Tax Debt Settlement + IRS Payment Plans + Unfiled Tax Returns
by Jim Magary | Oct 19, 2015 | Tax Help
The Importance of Workforce Size Under the Employer Shared Responsibility Provisions
Under the Affordable Care Act, certain employers called applicable large employers are subject to the employer shared responsibility provisions.
An employer that is subject to the employer shared responsibility provisions may choose to offer affordable minimum essential coverage that provides minimum value to its full-time employees and their dependents, or to potentially owe an employer shared responsibility payment to the IRS.
Many employers already offer coverage that is sufficient to avoid owing a payment.
Whether a you are an applicable large employer, and are therefore subject to the employer shared responsibility provisions, depends on the size of the your workforce.
The vast majority of employers fall below the workforce size threshold and, therefore, are not subject to the employer shared responsibility provisions.
You will determine each year – based on your average employee count for the 12 months of the prior year – whether you’re an applicable large employer for the current year.
Just for 2015, an employer may measure over any consecutive six-month period during 2014, rather than measuring all 12 months of 2014.
A full-time employee is an employee with at least 130 hours of service in a calendar month. To determine your number of your full-time equivalent employees for each month, you combine the number of hours of service for all non-full-time employees – up to 120 hours per employee – and divide the total by 120.
If you had fewer than 50 full-time employees in the preceding year, including full-time equivalent employees, you are not an applicable large employer for the current year.
If you had 50 or more full-time employees in the preceding year, including full-time equivalent employees, you are an applicable large employer for the current year. However, for 2015, employers with fewer than 100 full-time employees, including full-time equivalent employees, in 2014 will not be subject to an employer shared responsibility payment if they meet certain conditions.
Question 34 on the employer shared responsibility employer shared responsibility provision questions and answers page on IRS.gov/aca provides more details regarding these conditions.
All types of employers can be applicable large employers, regardless of the nature of the organization; this includes, for example, tax-exempt organizations and government entities.
For more information about how to determine whether your organization is an applicable large employer, including special rules for seasonal workers, new employers, and related employers, see Determining if an Employer is an Applicable Large Employer.
For more information on the employer shared responsibility provisions in general, see IRS.gov/aca.
For more information on the information reporting responsibilities that apply to applicable large employers see our Questions and Answers on Reporting of Offers of Health Insurance Coverage by Employers.
by Jim Magary | Oct 19, 2015 | Tax Help
“AFFORDABLE” Former IRS agents & managers who know the system, Since 1982. Low Cost Options. A plus Rated BBB
Since 1982, we are a full service tax firm that specialize in IRS and state tax services. We have over 206 years of professional tax experience.
All our work is done in-house.
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 if you are a suitable and eligible candidate.
I am a former IRS revenue officer and former instructor who taught IRS collection agents their jobs.
We know the system inside and out to get you the best possible tax results.
We are uniquely qualified to help you with any IRS problem or matter.
Having worked for the Internal Revenue Service gets us a distinct advantage over other professional companies. When you call us you will hear the truth and have a very definitive exit strategy on how to end your IRS tax problem.
End IRS Tax Problems + IRS Tax Levies + IRS Tax Wage Garnishments
The Internal Revenue Service levies approximately 1.8 million taxpayers each and every year and this figure includes and bank & wage garnishments.
The IRS files approximately 700,000 federal tax liens each year. If you have been tax levied you are not alone.
If you have not responded to an IRS final notice they systematically send out an IRS tax levy from their CADE2 computer system. Not a human hand touches his tax levy they are all sent out my computer. The Internal Revenue Service gets their levy/garnishment information from your W-2s, 1099s and IRS tax transcripts.
Billing Notices
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 a final notice or enforcement action will follow six weeks later.
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.
If you have received a final notice of intent to levy from the Internal Revenue Service make sure you follow-up on the 30 day date, if you don’t IRS will take enforcement action.
Before IRS will remove a tax levy or wage garnishment they will need a current and verifiable financial statement. The form to be used is the 433 f.
If the cases in the local office the revenue officer will require form 433A.
Once we have your current verified financial statement in hand, we can usually get your tax levy or garnishment released within 24 hours. It is important that your financial statement is completely documented.
IRS usually closes a case by putting a case and tax hardship, having a taxpayer into a monthly installment agreement or telling them they may qualify for an offer in compromise your tax debt settlement.
IRS Tax Facts:
1. 40% of all people who owe IRS tax debt have their cases put into what is called a
2. currently not collectible file, and 6.5 million taxpayers have their cases put into current installment agreement or payments.
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.
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.
If you are undergoing an IRS tax audit you can have a former IRS audit manager represent your best interest and provide the best possible tax defense.
Call us today for a free initial tax consultation and speak with the true IRS tax expert.
We have over 206 years of professional tax experience.
We are the fast, friendly, and affordable professional tax firm.
Affordable IRS Tax Problem Help Services + Stop IRS Levy Garnishments NOW + File Back Tax Returns + Offer to Settle Tax Debt + Los Angles
by Jim Magary | Oct 19, 2015 | Tax Help
Over 60 years with the IRS in the local, district and regional tax office of IRS. The Affordable Firm, A plus Rated BBB.
We know the System, let our knowledge work for you!
We are A+ rated by the Better Business Bureau and have been in private practice since 1982. We have over 206 years of professional tax experience.
We’re comprised of tax attorneys, CPAs, and former federal and state tax agents who know the system inside and out. Our initial consultation is free. You can speak directly to a true tax professional.
If you owe back taxes to the Internal Revenue Service and are looking for IRS tax debt relief on a federal, individual, business or payroll tax matter, call us today and hear the truth about your case.
Our former IRS agents have worked as managers, supervisors, and teaching IRS instructors.
We are the affordable solution if you owe back IRS tax debt on individual, business or payroll taxes.
We can handle anything from a simple notice or letter going to tax court.
In dealing with the IRS on back taxes it is important to know for any individual, business or payroll tax case that you be current in the tax year you are in.
That is, IRS will want you current in your withholding, estimate or current payroll tax deposits up to date. The Internal Revenue Service may refuse to work with all clients who cannot keep up with current payment requirements.
FST will lay out a complete working system for you to cooperate with Internal Revenue Service to ensure that you will get to deal you are looking for with the IRS, one that you can live with. We can handle all IRS estate tax problem.
Importance of the Current financial statement. IRS Form 433- F
Your current financial statement will determine how the Internal Revenue Service will close your case. I cannot tell you the importance of your current documented financial statement.
This is applicable for all individual, business and corporate clients.
If you are dealing with the ACS unit you will need to use financial statement number 433F if you are dealing in the local office you will need financial statement form 433 a, both can be found on our website.
If your case lands up in the local office you will have a more sophisticated and seasoned revenue officer working your case than in the ACS.
That financial statement will need to be completely verified and documented to support the numbers on it.
IRS will do a thorough review on your financial statements so you want to make sure your accurate and honest.IRS will want to verify your financial statement via bank statements, copy of monthly expenses and a copy of pay stubs to verify income. After reviewing your financial statement we will give you a list of other documents the IRS may require.
Each IRS agent determines how thorough overview is necessary on your case.
IRS will compare your financial statement against that of the national, regional and localized standards. You can find those standards on our website.
IRS will analyze your statement come up with a closing procedure almost solely on this financial statement, that’s why it is important to season tax professional fill out your form.
When you call our office and know that all work is done in-house by a truly seasoned and professional tax staff.
We are the fast, friendly professional tax firm when it comes to dealing with those who all back IRS taxes and are seeking IRS tax debt relief, we can handle all federal and state tax cases.
Call us at today for a free initial tax consultation.
We are the friendly, and affordable professional tax firm.
Owe Back IRS Taxes + IRS Debt Relief = Federal, Individual, Business, Owe Back Payroll Taxes + Unfiled Tax Returns + Settle Back Tax Years
by Jim Magary | Oct 19, 2015 | Tax Help
We are the “AFFORDABLE” professional tax firm with over 206 years of professional tax experience, since 1982.
We have over 60 years of direct work experience in the local, district and regional tax offices of the Internal Revenue Service.
We have worked as IRS supervisors, as managers, and teachings instructors. We know the system inside and out.
As former employees we taught new IRS agents their job. You want our years of experience working for you.
If you have any sort of IRS problem contact us today and we can review with you various solutions to go ahead and help with an IRS final notice, certified mail, intent to levy, the filing of a federal tax lien, payment plans and the settling of your case through an offer a compromise.
We will thoroughly review your case and go over various options and remedies to completely end your IRS problem or situation.
If you have received an IRS final notice, we can stop IRS today with the simple filing of a power of attorney and with a direct IRS conversation.
We handle all correspondence and you will never communicate with the Internal Revenue Service. You will never have to speak to the IRS.
We can talk to you about the removal or the filing a federal tax liens, work out a payment plan, release a tax levy or talk to you about settling your debt to the offer in compromise program.
Through the new IRS fresh start initiative many more taxpayers are settling their debt for pennies on a dollar, however you must be a qualified candidate.
If you are going to owe back taxes and wish a payment plan or which to reach a settlement with them call us today for a free initial tax consultation.
The systems are very simple within 10 minutes you will be completely educated on how to make the best decision for your current financial condition and situation.
Your current financial system will indicate the type of way IRS will close case. There is true value in hiring certified tax professional.
IRS Tax Billing Notices
If IRS sends you a document it is time sensitive and taxpayers must follow-up on all time sensitive letters. Never ignore an IRS tax notice, they will follow-up and do exactly what they say.
Once a tax return is filed or IRS initiates a tax assessment, IRS sends out a series of five notices and those notices are sent five cycles or five weeks apart.
IRS has the option, depending on the dollar amount and the history of the taxpayer to speed up those assessments.
These IRS tax notices are all sent out in five-week billing cycles.
1. CP 14 – This is the notice of balance due,
2.CP 501 – This is a Bill that you still owe tax,
3. CP503 – Important, Immediate Action Required
4. CP 504 – Urgent Notice – We Intend to Levy on Certain Assets, Please Respond Now
5. CP90/CP297/ – IRS Letter 1058 – Final Notice of Intent to Levy of Your Right to a Hearing
6.CP 91- CP298 -Final IRS Notice, You must answer his Notice!
It is important for taxpayers to keep up with their tax bills because lets you know where you are in the system. You can find the CP notices in the top right corner of the bills. It is extremely important you follow up on all final notices if not the Internal Revenue Service will plan to follow up with enforcement action.
Call us today for free initial tax consultation.
IRS Final Notice, Certified Mail + STOP IRS NOW + Intent to Tax Levy & Lien + IRS Payment Plans + Settle, Offer in Compromise + Unfiled Tax Returns
