by Jim Magary | Aug 11, 2015 | Tax Help
The Affordable Professional Tax Firm that specialize in IRS & State tax debt relief, former IRS. We know the system, since 1982.
Our principles have been in private practice since 1982 and now we have a nationwide tax practice settling specializing in back tax settlements for individuals, businesses and companies that have back individual, business or payroll IRS tax debt. We are some of the most experienced tax professionals in the industry.
If you have back tax debt with the Internal Revenue Service we can go over of various solutions to any tax situation. Please know, your financial statement will determine the outcome of your case.
We have over 60 years of direct work experience at the Internal Revenue Service.
Due to our years extensive years of experience at the Internal Revenue Service we know all the systems, protocols and function to immediately resolve your IRS situation.
We have worked in the local, district, and regional tax offices of the IRS.
We can go over the different types of tax settlement programs, prepare not file tax returns on any type of individual, business or payroll tax case. We are true IRS and state tax experts.
Internet Shopping for Tax Resolutions firms, Beware
You should know that most of the companies you see on the Internet are lead generation companies that means marketing companies are selling your information to third parties.
Your information is worth $60 – $100 and people bid on the right to represent you. You have no idea who is getting your information.
With FST you are calling in true professional tax firm that understands and knows IRS tax debt relief.
On staff are tax attorneys, CPAs, and former IRS agents and managers who have over 60 years of working directly for the Internal Revenue Service in the local, regional and corporate offices of IRS.
IRS Tax Debt Settlements – OIC – Pennies on a Dollar
Please understand that with any possible IRS tax settlement with the Internal Revenue Service, you will need to provide IRS with the current documented financial statement.
We will analyze that and go over the best case scenario depending on your individual situation.
The Internal Revenue Service will use the national standard expenses and apply it against your current financial statement to reach a determination on your case.
To ask for an IRS tax debt settlement call the offer in compromise, you’ll have to complete form 433 OIC and form 656. To learn more about the offer in compromise program go on our website. About 38% of all offers in compromise are accepted by the Internal Revenue Service for average of $6500 per case.
Whether you will owe individual or payroll taxes IRS basically works all cases the same for back tax debt.
IRS always takes detailed financial statements and does a careful analysis before coming up with their endgame strategy. IRS uses formulas to determine how they were close your case off the enforcement computer.
The reason it is wise to use a tax professional as we understand these formulas and regulations and can get you a far better settlement and you can get by yourself.
Call us today for a free initial tax consultation. Since 1982 A+ rated by the BBB.
Affordable IRS Taxes Debt Relief Help+ Former IRS + Back Tax Settlements + Not Filed Tax Returns + Owe Individual, Business, Payroll Tax Debt + Settle Now
by Jim Magary | Aug 11, 2015 | Tax Help
We have been in private practice since 1982 and are a biblical-based Christian tax firm.
We are true Affordable Christian IRS & State Tax Experts <><
We have over 206 years of professional tax experience and our true experts for all IRS and State of New York tax problems.
Due to our years of experience at IRS we know every possible tax solution.
When you call our office you will hear the truth about your case from a professional Christian tax firm.
We also have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS. We are true IRS tax experts.
We taught tax law to new IRS agent and were former teaching instructors.
We know how to resolve your problem and bring an immediate and permanent and get you IRS tax problem relief.
We can get an IRS levy released within 24 hours of receiving your current financial statement, we can talk you about the removal of the federal tax lien, talk to you about paying your IRS tax debt off with a payment plan and or review the pre-qualifier tool with you for the offer in compromise and file all back tax returns.
Proverbs 11:14 <><
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Proverbs 19:20-21 <><
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.
The Professional Tax firm of FST can offer a different type of solutions to bring your IRS or State tax problem to immediate and permanent end.
We also can represent you during an IRS tax audit need an IRS tax return reconstruction and handle any type of IRS notice or letter , including going to Tax Court.
All our work is done in-house by true Christian tax professionals. Let our years of experience work for you and get you positive results.
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 us about our faith.
We are the fast, friendly, and affordable professional Christian tax firm that knows how to resolve IRS and state tax problems.
We will take no fee unless we know we can help out your tax situation.
Christian IRS Help Services = IRS Tax Problems + IRS Tax Levy + Tax Liens Help + IRS Settlements + Unfiled Tax Returns + IRS Tax Audit + Payment Plans + Staten Island, Buffalo, Jamaica, Rochester, Yonkers
by Jim Magary | Aug 11, 2015 | Tax Help
Is a Person With Income From Puerto Rico Required to File a U.S. Federal Income Tax Return?
If you are a United States citizen or resident alien and are a bona fide resident of Puerto Rico during the entire tax year, you generally are not required to file a U.S. federal income tax return if your only income is from sources within Puerto Rico.
However, if you also have income from sources outside of Puerto Rico, including from U.S. sources, you are required to file a U.S. federal income tax return if such amount is above the U.S. filing threshold.
Nevertheless, a bona fide resident of Puerto Rico with a U.S. filing obligation, generally will not report Puerto Rican source income on a U.S. income tax return. A tax year for calendar year filers is January 1 to December 31.
If you are a bona fide resident of Puerto Rico and can exclude your Puerto Rican source income on your U.S. income tax return, you must determine your return filing requirement based on the filing thresholds shown in the individual tax return instructions. For more information about how to determine the amount of income that requires filing a U.S. income tax return, refer to Publication 570 and Publication 1321 (PDF).
However, if you are a resident of Puerto Rico and a U.S. government employee, including members of the U.S. Armed Forces, you must file an income tax return reporting all income received for performing services for the U.S. government.
In addition, special rules under the Military Spouses Residency Relief Act (MSRRA) apply to civilian spouses of active duty members of the U.S. Armed Forces who work in Puerto Rico but retain their tax residency status in one of the 50 states or the District of Columbia and have the same tax residency as their spouses before the move.
If these spouses earn compensation while working in Puerto Rico, e.g., income from wages, salaries, tips, or self-employment, they will only file a U.S. income tax return reporting such compensation.
For more information on how MSRRA applies to civilian spouses, refer to Publication 570 and Notice 2012-41 available on IRS.gov.
U.S. citizens and resident aliens who are not bona fide residents of Puerto Rico during the entire tax year, are required to report all income from worldwide sources on their U.S. income tax return.
However, a U.S. citizen who changes residence from Puerto Rico to the United States, and who was a bona fide resident of Puerto Rico for a period of at least two years before changing residency, can exclude any Puerto Rican source income from his or her U.S. income tax return attributable to the time he or she was still residing in Puerto Rico for part of the year.
If a bona fide resident of Puerto Rico does not have a U.S. income tax filing requirement, he or she may nevertheless have an obligation to file a return with the United States reporting self-employment income derived from a trade or business in Puerto Rico and/or elsewhere.
Such individuals must file Form 1040-SS (PDF) or Form 1040-PR (PDF) with the United States to report self-employment income and if necessary, pay self-employment tax. For more information on self-employment reporting requirements, see the Form 1040-SS Instructions (PDF) and Form 1040-PR Instructions (PDF).
by Jim Magary | Aug 11, 2015 | Tax Help
We are Affordable IRS Tax Experts. We have been in practice since 1982, Former IRS, A plus rated by the BBB.
We know the System
We can completely resolve and end IRS Payroll Tax Debt.
If you owe back IRS tax debt and wish to settle your case with the IRS, call us today for a free initial tax consultation.
When you call our office you will speak directly to former IRS agents, managers and tax instructors that have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
Based on your set of circumstances we can accurately predict the outcome of your case. Once we have reviewed your current financial statement as a general rule we will tell you exactly how your case is going to close.
We can review with you the best possible way to end your payroll tax problems, make an IRS payment plan, how to remove an IRS tax levy and to represent you during an IRS tax audit. Having a combined 60 years experience at the Internal Revenue Service we know and understand the system to get you the best positive results.
For those of you who need to file tax returns whether current or back years, call us today and we will walk you through the process of our learning experiences that total 206 years. We can file your back tax returns with little or few records.
IRS Installment Agreements or IRS Payment Plan Agreements
Last year the Internal Revenue Service granted close to 6.5 million IRS payment plans, installment agreements and streamlined payment plans to taxpayers. Each year that number keeps growing. They expect by next year over 7 million taxpayers who owe back taxes will be on monthly payment plans, so you are not alone.
Your current financial statement will determine if you are installment agreement candidate. Keep in mind your financial statement will need to be fully documented. Documentation is the key to success.
Call us today for free initial tax consultation and we will walk you through the process to get you an IRS payment plan, installment agreement or tell you how to make an affordable monthly streamlined payment with the Internal Revenue Service.
The Offer in Compromise/ IRS Tax Settlements
We can also talk you about the possible tax solution of settling your tax debt through the offer in compromise program, that is settling your tax debt for pennies on the dollar. The way you can settle your tax debt for pennies on the dollar is through the offer in compromise program. IRS’s made it easier due to the new fresh start initiative.
The offer in compromise program is not for everyone.
When you call our office you will speak directly to a former IRS agent who both worked and taught the program for IRS. The writer of this blog is a former IRS agent and teaching instructor.
Removal of a IRS Tax Levy IRS Bank Levy, IRS Wage Garnishments
If you wish to remove an IRS tax levy will need to give IRS a current financial statement on form 433F.
IRS will require that financial statement to be completely documented and verified.
Within 24 hours of receiving your current financial statement as a general rule we can get your bank or wage levy garnishment released.
We will let you know about the IRS national standard program so you understand the process of how IRS settles tax debt.
Need to file back, old, past due tax returns
You could have a former IRS agent who knows the system prepare your back tax returns with little or few records. We can help audit proof your tax return. At some point you’re in a half to get back in the system we can do this in a very painless and seamless way. Call us today to learn more.
Trust fund taxes.
If you do not pay your payroll taxes the IRS has the right to impose a 6672 penalty against you, that means IRS has the right to go individually against you for the back payroll taxes. Call us today to learn how to fight or file an appeal of this penalty.
We are A+ rated by the Better Business Bureau, since 1982.
IRS Taxes + Owe Back Payroll Taxes + Trust Fund + Payment Plans + settlements + Unfiled Back Tax Returns = Former IRS + Staten Island, Buffalo, Jamaica, Rochester, Yonkers
by Jim Magary | Aug 11, 2015 | Tax Help
We are an “AFFORDABLE “ professional IRS & State tax firm that has been in private practices 1982.
We can completely resolve your case! We know the System.
If you wish to settle back IRS taxes , call us today to learn about the different systems IRS uses to settle back tax debt.
If you have any back tax issues with the Internal Revenue Service or have not filed back income tax returns, we can result in settle 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. As Former IRS employees we taught new IRS agents their jobs.
Fresh Start tax LLC is a much different firm than other companies.Wedo exactly what we say!
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. Our vast experience and knowledge with the Internal Revenue Service works in your favor.
If you want to settle your back taxes, IRS will require a current financial statement along with documentation. Your current financial statement is the key to success. It is IRS’s sole determining factor on how your case will close.
IRS rules require only form 433F or 433A may be used along with bank statements, copy of pay stubs, and monthly expenditures.
The Internal Revenue Service will compare your expenses against your income and compare that to that of the national, regional, and localized standards and come up with the ruling.
Over 16 million taxpayers do not file annual tax returns. 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 levies approximately 1.9 million taxpayers each and every year.
We can remove an IRS tax or wage garnishment levy within 24 hours of receiving your current financial statement and or get you placed into a payment program or tax hardship depending on your situation.
We are A+ rated by the Better Business Bureau. get help from true IRS tax professionals.
IRS Taxes + Settle Back Debt + Unfiled Tax Returns + IRS Levy’s + IRS Payments + IRS Problems = Former Agents * Fast Affordable* Staten Island, Buffalo, Jamaica, Rochester, Yonkers
