by Jim Magary | Jul 29, 2015 | Tax Help
We are “AFFORDABLE” Former IRS Agents & Managers that specialize in the removal of IRS tax levies, bank levies, wage garnishment levies & IRS tax debt settlements, since 1982.
IRS Tax, IRS Bank & IRS Wage Garnishment Tax Levies
IRS can usually levy only after these three requirements are met:
IRS assessed the tax and sent you a Notice and Demand for Payment;
You neglected or refused to pay the tax; and
IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
Please note: if the IRS levied your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
IRS files 1.9 million tax levies each year and files over 700,000 federal tax liens each year.
These numbers vary from year to year. IRS is very generous in sending out tax federal liens and tax levies. It is their number one collection tool.
It is responsible for collecting billions of dollars into the US treasury. Also to send out IRS levies is very cheap. IRS levies are sent out systematically, and not a human hand touches the levy. IRS gets their levy sources from your tax return, that is your employers and your bank information.
If the IRS has filed a IRS tax lien or IRS levy, you are not alone.
There is a fast and easy system to go ahead and get your money back from the Internal Revenue Service.
We have a streamlined process to get your money back from IRS. We know the system having worked for IRS for over 60 you combined years.
You will never have to speak to IRS. We handle all the IRS communication.
Different IRS Tax Levies
There is a different between a bank levy and wage levy.
The IRS bank levy has a 21 day hold or freeze on the account and an IRS wage garnishment levy is an immediate tax levy on your next paycheck.
With the IRS wage garnishment levy certain exemptions may be taken. But it’s a continuous levy and garnishment until you get your levy released by calling the IRS. IRS has the option of not releasing your levy until all tax returns are filed.
As a general rule, 24 hours after receiving your current and verifiable financial statement we can get your IRS tax, bank levy garnishment released and your case closed with the IRS.
It only makes sense as former IRS agents and managers, we know the system inside and out. Just how well do we know the system, we were former IRS teaching instructors.
Our former IRS agents have worked in the local, district, and regional tax offices of the Internal Revenue Service and we know the system inside and out.
When you call our office we will go over the different ways you can settle your tax debt completely with the IRS. There are three general ways to get IRS tax levies released.
Required for IRS Tax Levy, IRS Bank, IRS Wage Tax Garnishment Releases.
IRS will require a current financial statement before they will release a bank levy, wage garnishment levy.
The IRS financial statement is required documentation before they can close any case.
The IRS financial statement will need to be a form 433F.
The local office does a much more thorough review than that of the ACS unit. There is also a higher pay grade agent working the case. The persons working these cases will be called IRS revenue officers.
IRS will require the last payments based statements, copy them all mostly expenses and a copy of your pay stub to verify your current financial statement.
IRS will compare your financial statement with that of the national averages and regional norms and come up with a plan to close your case off the IRS enforcement computer.
You can find the national standards on our website. It is very important to know the system.
As a general rule IRS settles case by putting them into a tax hardship, payment agreements or the recommendation of settling your tax debt to the offer in compromise.
The offer in compromise is a more complicated process and it really takes a skilled tax professional to get an offer accepted. The current wait time for offers in compromise or nine months.
Last year 40% of all IRS collection cases ended up and were currently not collectible file and 6.5 million cases ended up with payment plans. Once again, everything depends on your current financial statement.
Some of our clients are eligible for the new fresh start tax initiative called the offer in compromise to settle their tax debt for pennies on a dollar.
You may want to check out the IRS pre-qualifier tool to make sure that you are an eligible candidate for a tax settlement.
Not everybody is eligible for the offer in compromise program.
We will review with you the IRS offer in compromise to see if you can settle your debt for pennies on a dollar.
Call us today at her the truth about your case. We can get your levy released and your case closed all at the same time.
Oklahoma City = STOP IRS TAX BANK & WAGE GARNISHMENT TAX LEVY NOW + OWE BACK TAXES HELP + SETTLE IRS TAX DEBT + UNFILED TAX RETURNS
by Jim Magary | Jul 29, 2015 | Tax Help
We have been in private practice since 1982 and are a biblical-based tax firm. The Affordable Christian Tax Experts <><
We have over 206 years of professional tax experience and our true experts for all IRS 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.
When you call for initial consultation we will go over every possible option available to you.
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 Christian tax firm of 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 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.
We are the fast, friendly, and affordable professional Christian tax firm that knows how to resolve IRS and state tax problems.
Call us today for free initial tax consultation.
Oklahoma City + Christian IRS Tax Services Firm = IRS Tax Problems + IRS Tax Levy + Tax Liens Help + IRS Debt Settlements + Unfiled Tax Returns + IRS Tax Audit + Payment Plans
by Jim Magary | Jul 29, 2015 | Tax Help
“AFFORDABLE” Former IRS agents & managers who know the system can permanently resolve any IRS tax problem matter, since 1982, A plus rated. We Flat Out Know the System.
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 specialize in IRS & State tax problem help services .
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.
From a simple IRS notice or letter to going to Tax Court we have a solution. A simple telephone call to our firm within minutes you will value on the best with your tax acquisition.
IRS Tax Problems Help + Removal of 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 IRS tax collection system is the largest in the world. It is a monster and a beast & collects billions of dollars each and every year.
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. You will have to be prepared to give IRS bank statements, pay stubs, and monthly expenses. IRS will review them from a period between 3 to 6 months.
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 Facts:
40% of all people who owe IRS tax debt have their cases put into what is called a 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. The new fresh start program has allowed many new people the file for the debt settlement program called the 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 put experience on your side.
Oklahoma City + IRS Tax Problem Help Services + IRS Levy Garnishments Release + IRS Tax Liens Help + IRS Audits + Back Tax Returns + IRS Payment Plans + IRS Settlements
by Jim Magary | Jul 29, 2015 | Tax Help
Employers Providing Self-Insured Health Coverage Must Report on Information Returns
This Fresh Start Tax LLC tax tip is updated to clarify that self-insured employers that are not applicable large employers, those with fewer than 50 full-time or full-time equivalent employees in the preceding calendar year, should file Form 1095-B.
Self-insured employers that are applicable large employers should report health coverage information on Form 1095-C.
This tip does not apply to information reporting on health care coverage of individuals who are not employees or entitled to coverage because of a relationship to an employee.
All providers of health coverage, including employers that provide self-insured coverage, must file annual returns with the IRS reporting information about the coverage and about each covered individual. Insurance Companies must report on coverage under employer plans that are insured.
Employers should report this information on Forms 1094-B and 1095-B or on Forms 1094-C and 1095-C, depending on whether the employer is an applicable large employer for purposes of the employer shared responsibility provisions.
An applicable large employer is generally defined as an employer that employed an average of at least 50 full-time employees – including full-time equivalent employees – in the preceding calendar year. `
As coverage providers, employers providing self-insured coverage that are not applicable large employers must:
• Report the coverage on a Form 1095-B, Health Coverage, filed with the IRS, accompanied by a Form 1094-B transmittal. While filers of more than 250 Forms 1095-B must e-file, the IRS allows and encourages entities with fewer than 250 forms to e-file.
• Furnish a copy of the 1095-B to a “responsible individual,” the person who should be the statement recipient. For employer coverage the statement recipient generally is the employee.
Providers, including self-insured employers, may electronically furnish the Form 1095-B if the recipient consents.
If an employer providing self-insured coverage is an applicable large employer, it generally reports information regarding coverage of an individual on Form 1095-C instead of Form 1095-B.
Form 1095-C combines reporting for two provisions of the Affordable Care Act for these employers.
However, when reporting coverage of an individual who was not a full-time employee for any month of the year, an applicable large employer may choose to use Form 1095-B.
The information reporting requirements are first effective for coverage provided in 2015. Thus, health coverage providers will file information returns with the IRS in 2016, and will furnish statements to individuals in 2016, to report coverage information in calendar year 2015.
The information that a provider must report to the IRS includes the following:
• The name, address, and employer identification number of the provider.
• The statement recipient’s name, address, and taxpayer identification number, or date of birth if a TIN is not available.
If the statement recipient is not enrolled in the coverage, providers may, but are not required to, report the TIN.
• The name and TIN, or date of birth if a TIN is not available, of each individual covered under the policy or program and the months for which the individual was enrolled in coverage and entitled to receive benefits.
by Jim Magary | Jul 29, 2015 | Tax Help
FST is an AFFORDABLE Professional Tax Firm that specializes in all IRS Back Taxes Problems , A plus Rated BBB, in private since 1982.
We have been in private practice since 1982 and are true affordable tax experts in resolving all federal, individual, business and payroll taxes once and for all. We are a full service tax firm with all work done in-house.
We’re used by other firms to handle their backend work.
Because of our years of experience at the Internal Revenue Service we know and understand the IRS and State tax systems.
Since 1982 we have been resolving tax debt issues for businesses and individuals and for all types of IRS and state tax matters.
We have over 60 years of direct work experience at the Internal Revenue Service in the local, district, and regional tax offices of the IRS. We have worked as managers, supervisors and also teaching instructors.
We can handle anything from an IRS simple notice or letter, to going IRS appeals, and even tax court.
When You Owe Back Taxes _ Your Current Financial Condition Determines How IRS Closes your Case
If you owe any IRS or State back taxes of any kind we can work out different tax solutions depending on your current financial condition.
Your current financial statement, as a general rule will determine the outcome of your case. Another factor to keep in mind is that most governments have a national standard, regional and localized standard expense tables that they used to determine the end result of your case.
You can find those national standards directly on our website and we will review them with you when reviewing your financial statement.
Keep in mind your financial statement will have to be verified by the Internal Revenue Service before they will render any determination on your case.
Included in that financial statement, the 433F, will be the last three months of canceled checks, copy of monthly expenses and a copy of pay stubs.
IRS does a full analysis of your financial statement before rendering a determination.
You want to make sure you are completely honest giving any government agency a financial statement.
IRS generally closes case by putting them in hardship or asking for a payment agreement or you have the possibility of settling your debt for pennies on the dollar if you are qualified candidate.
40% of all taxpayers that owe back tax debt have their cases put into a current uncollectible file and 6.5 million taxpayers enter into installment agreements or monthly payment agreements.
We will carefully review your case and give you an expert opinion on whether your case is eligible for the fresh start initiative called the offer in compromise.
Over 41% of all taxpayers and apply for the offer in compromise program get accepted settlements but you must be a true qualified taxpayer for the program.
The average settlement for the current year is $6500 per offer in compromise.
Remember this is the national average in every case is unique and depends on their current financial statement.
To find out whether you qualify for the offer in compromise program you can simply call us today or fill out the IRS pre-qualifier tool for the tax debt settlement call the offer in compromise.
FST can file all back tax returns and get this problem behind you so you can move on with your life.
Many times the Internal Revenue Service will not close your case off the system until all back tax returns are current up to date and they feel you are in compliance with your estimate or current withholding for the year we are in.
As a side note:
You want to make sure you file all your back tax returns if not the Internal Revenue Service will file all unfiled back tax returns and that will wind up being a nightmare.
IRS has the right to prepare your tax return under 6020 B of the code and they will give you no allowances for exemptions or expenses.
Call us today for a free initial tax consultation and speak to a true IRS tax expert.
Oklahoma City + Owe Back IRS Taxes + Individual, Business, 941, Owe IRS Payroll Taxes + Unfiled Back Tax Returns + Settle IRS + Trust Fund + IRS Tax Audits
