by Jim Magary | May 19, 2015 | Tax Help
Have former “AFFORDABLE” IRS agents and managers who know the system permanently resolve any IRS tax problem matter.
FST is a full service tax firm with an expertise in all IRS matters, problems and situations.
We are one of the most experienced IRS Tax Problem Help Services Firms.
If you have received an IRS tax levy tax garnishment, within 24 hours of receiving your current financial statement we can get your levy released.
We can represent you during a tax audit, file any old back tax returns and file an offer in compromise to settle your back tax debt if your applicable candidate.
Our firm has over 206 years professional tax experience and over 60 years of working directly for the Internal Revenue Service. We are A+ rated by the Better Business Bureau.
IRS TAX Levy Garnishment
If the IRS has levied you are not alone.
The Internal Revenue Service tax levies approximately 1.8 million taxpayers each and every year and this figure includes wage garnishments. IRS files close to 700,000 federal tax liens as well.
Before IRS will remove a tax levy or wage garnishment they will need a current and verifiable financial statement. All tax returns will need to be filed as well.
There is a difference between a bank levy and a wage levy garnishment. A wage levy garnishment is an immediate seizure in a bank levy garnishments has a 21 day hold put on it. The bank does not need to forward the money till the 22nd day.
Once we have your current verified financial statement in hand, we can usually get your tax levy or garnishment released within 24 hours.
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 that 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 IRS received 78,000 offers in compromise last year and accepted 38,000 for an average of $6500.
We not work any offer unless we walk you through the pre-qualifier tool to make sure you are a true candidate. This pre-qualifier tool is exceptional and can help anyone thinking of filing an offer in compromise.
Call us today for initial tax consultation to find out if you can settle your tax debt for pennies on the dollar.
IRS Tax Problem Services = Affordable = IRS Levies, Garnishments, Audits, Back Tax Returns, Offer to Settle = Former IRS,Beaverton, Bend, Medford, Springfield, Corvallis
by Jim Magary | May 19, 2015 | Tax Help
If you are dealing with an IRS issue call us today, 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 know the IRS system inside and out.
We have worked as supervisors, as managers, and teachings instructors. We understand every possible solution to any type of IRS problem.
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. IRS accepts close to 40,000 offers in compromise every year.
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 have to communicate with the Internal Revenue Service.
If you have received an IRS notice of intent to levy, we can file a collection due process hearing also to stop IRS.
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. We will lay out a very specific plan and educate you about the process of tax resolution for your individual case.
For over 10 years I was a former revenue officer and teaching instructor at the regional training office of the Internal Revenue Service.
As a former IRS agent I can tell you many taxpayers do not respond to IRS mail. All IRS mail is time sensitive, you must respond the IRS by the given dates or the Internal Revenue Service will generate stepped up enforcement and collection notices.
IRS can literally destroy your life through the mail. Their collection computer is the largest in the world. not a human hand touches notice and levees there all send out systemically.
The system of the IRS Collection Tax Billing Notices
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.
If you are in need a professional tax help call us today and speak to a tax firm who truly knows the system they can help you with any tax problem you have.
We can stop the IRS today because we know the system we worked in the system and we have the experience within the system.
The IRS Billing Notices for those that owe IRS Back Taxes
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 -IRS Final Notices
We’re the fast, friendly, and affordable professional tax firm.
Received IRS Final Notice, Certified Mail + STOP IRS NOW + Intent to Levy, Lien, Payment Plans, Settle Offer in Compromise,
by Jim Magary | May 19, 2015 | Tax Help
We are AFFORDABLE Former IRS Agents & Managers that specialize in the removal of IRS tax levies, bank levies, and wage garnishment levies. We know the system, since 1982.
IRS files 1.9 million tax levies each year and files over 700,000 federal tax liens each year. The numbers are staggering.
FST results – 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.
We have over 206 years professional tax experience and have been in private practice since 1982 and we are A+ rated by the Better Business Bureau.
There’s a very streamlined process too quickly, efficiently and for affordable fees get your IRS tax levy immediately released.
Our former IRS agents have worked in the local, district, and regional tax offices of the Internal Revenue Service. We taught tax law as former IRS Agents.
We cannot only get your bank or wage levy released, we can settle your case all at the same time.
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.
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.
You want to make sure you turn in a correct and honest financial statement to Internal Revenue Service and that’s for hiring tax professionals can help you.
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 old national standards on our website. is very important to know the system.
As a general rule IRS settles case by putting them into hardship, payment agreements or the recommendation of settling your tax debt to the offer in compromise.
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.
We have over 206 years professional tax experience and we’re A+ rated by the Better Business Bureau.
STOP IRS BANK, WAGE GARNISHMENT LEVY NOW, & SETTLE, RESOLVE IRS TAX DEBT + AFFORDABLE, FORMER IRS, Beaverton, Bend, Medford, Springfield, Corvallis
by Jim Magary | May 19, 2015 | Tax Help
We can get your IRS tax levy, bank levy or wage garnishment levy released within 24 hours and settle your case all at the same time. We are the affordable tax firm. Since 1982, A plus rated.
Within 24 hours of receiving your current documented financial statement we can remove an IRS tax levy bank levy or wage garnishment levy and close your case off the collection computer.
Being former IRS agents and managers we know and understand the system and have released hundreds of bank and wage levies being former IRS agents we know the process.
Once the Internal Revenue Service reviews your current financial statement they will need to close your case and settle your case.
As a general rule the Internal Revenue Service will place you into a:
1. currently non-collectible file.
2. Place you into a monthly installment payment or
3. Could offer you the possibility to settle your tax debt through the offer in compromise.
The internal revenue generally places 40% of all current collection cases into the non-collectible file and 6.5 million taxpayers into monthly installment agreements.
Just for the record, the Internal Revenue Service sends out close to 1.6 million IRS tax levies, bank levies and wage garnishment levies each and every year.
The only way you will get that tax levy released is to give them a current documented financial statement make sure all your tax returns are filed.
Call us today for a free initial tax consultation and you will speak to a true IRS tax expert.
A+ rated by the Better Business Bureau and practicing since 1982.
Remove IRS Tax Levy, Bank Levy, Wage Levy Garnishment, Settle Tax – FAST AFFORDABLE =Beaverton, Bend, Medford, Springfield, Corvallis
by Jim Magary | May 19, 2015 | Tax Help
Offshore Income and Filing Information for Taxpayers with Offshore Accounts
Need a true expert to help you through this issue or matter, call us today.
U.S. citizens, resident aliens and certain nonresident aliens are required to report worldwide income from all sources including foreign accounts and pay taxes on income from those accounts at their individual rates.
There are many legitimate reasons for holding offshore accounts, including convenience, investing and to facilitate international transactions.
By law, U.S. taxpayers are not permitted to use offshore accounts, such as foreign bank and securities accounts as well as trusts, to avoid paying tax.
In most cases, affected taxpayers need to fill out and attach Schedule B to their tax returns. Part III of Schedule B asks about the existence of foreign accounts and usually requires U.S. citizens to report the country in which each account is located.
Certain taxpayers may also have to fill out and attach to their return Form 8938, Statement of Foreign Financial Assets, if the aggregate value of those assets exceeds certain thresholds that vary depending on filing status and whether the taxpayer lives abroad. Additional filing requirements apply to those with foreign trusts.
Separately, taxpayers with foreign accounts whose aggregate value exceeds $10,000 any time during the year must file a Form 114, Report of Foreign Bank and Financial Accounts (FBAR) electronically through FinCEN’s BSA E-Filing System.
The FBAR is not filed with a federal tax return and must be filed by June 30 each year.
The reporting requirements of the Form 8938 and FBAR differ.
More details on who most file and the specific type of assets that must be reported for both forms can be found on the IRS.gov.
Failure to report the existence of offshore accounts or pay taxes on these accounts can lead to civil and criminal penalties.
For the Form 8938, the penalty may be up to $10,000 for failure to disclose and an additional $10,000 for each 30 days of non-filing after IRS notice of a failure to disclose, for a potential maximum penalty of $60,000; criminal penalties may also apply.
For the FBAR, the penalty may be up to $10,000, if the failure to file is non-willful; if willful, however, the penalty is up to the greater of $100,000 or 50 percent of account balances; criminal penalties may also apply.
Taxpayers with undisclosed accounts should consider options available under the expanded streamlined filing process or the Offshore Voluntary Disclosure program.
