by Jim Magary | Apr 20, 2015 | Tax Help
Within 24 hours of receiving your current financial statement we can get an IRS Tax Levy, Bank Levy, Wage Garnishment levy AFFORDABLY released. We know the system, Former IRS.
Because of our years of experience working at Internal Revenue Service we know the system to get immediate releases of an IRS tax levy, IRS bank levy or IRS wage garnishment. There is a very specific process to remove an IRS tax levy.
We will be able to settle your case at the same time. We will review the different closing strategies with you to close case off the IRS enforcement computer.
We have worked a system for over 60 years and understand the protocols and the internal revenue manual’s to get your levy released in your case closed with IRS.
FST is a full service tax firm with an expertise in IRS and state tax matters.
We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau and have over 206 years professional tax experience.
What it takes to get your IRS tax levy, IRS wage levy garnishment tax levy released.
As a general rule if taxpayers do not respond to final notice is sent by IRS, the Internal Revenue Service is required to send out a tax levy. Therefore is very important for you to pick up all your IRS mail because all IRS mail from the IRS is date sensitive.
As a general rule IRS sends out close to 1.8 million tax levies and wage garnishments each year. These include IRS bank levy and wage garnishment levies and notices as well.
To get your IRS tax levy or wage garnishment released it will be necessary for you to give IRS a current documented financial statement along with making sure all your tax returns are filed in on IRS’s computer system.
Call us today for a free initial tax consultation and we will walk you through the system of getting an IRS tax levy, bank levy or wage garnishment levy released.
It will be necessary for you to fully complete an IRS form 433F (an IRS financial statement) that you can find on our website along with supplying IRS with bank statements, pay stubs and copy of all monthly expenses.
When you call our office we were thoroughly review your case, give you a free tax assessment and let you know the necessary steps to completely remove your IRS problem including releasing an IRS tax levy, or wage levy garnishment and settling your case all at the same time.
It is also important to know you must file all tax returns and have them on the IRS system before they were released in IRS tax levy, bank levy or wage garnishment levy.
We will review with you the process of settling your tax debt through the offer in compromise program.
Last year approximately 35,000 taxpayers settled their tax debt for this program for average of $6500 per settlement.
Call us today and find out if you are a qualified candidate for the program.
Not everyone is eligible due to their current financial condition.
We are the friendly, affordable and experienced professional tax team practicing since 1982.
Hire true IRS tax experts.
IRS Bank Levy, Wage Garnishments, Settle IRS Tax, Not Filed Returns – Affordable – Hayward, Escondido, Sunnyvale, Pasadena, Orange,
by Jim Magary | Apr 20, 2015 | Tax Help
Owe back taxes to the Internal Revenue Service or the State of California, call us today to hear various AFFORDABLE tax solutions to end your tax problems. We are A+ rated by the Better Business Bureau,since 1982.
We are a tax specialty firm that deals with IRS and state tax problems immediate tax relief for those that owe IRS of State Back Taxes.
We can help resolve any individual, business, or payroll tax problem that you have.
We are a full service tax firm with all work being done in-house by seasoned tax professionals.
IRS Case Resolutions
As a general rule once the Internal Revenue Service takes a current financial statement, a documented 433F, they will dispose of the case in one of three ways.
After a careful review of your current documented financial statement they will either place you into:
1. an uncollectible hardship status, or CNC
2. ask for a payment agreement or installment agreement,
3. advise you could possibly be a tax settlement candidate for the offer in compromise. to be eligible for an offer in compromise you must meet the strict standards before IRS will consider a settlement. As a former IRS revenue officer I will pre-qualify you for an offer in compromise or IRS tax settlement.
Call us today for a free initial tax consultation and we will review the various programs that both the federal and state governments have to resolve your tax debt.
Beware of calling companies on the Internet.
Many of these so-called tax companies are no more than advertising businesses shopping for your business.
Make sure you see bios on the site to make sure you are calling a true tax firm.
Do not get ripped off by companies who are selling your information to third parties. Make sure you ask the qualifications of the personnel that will be working your case.
It is very important to note:
If you owe back federal or state tax debt the government agency will require you to be current within the year you are making the request.
Therefore you need to make current estimate payments, have your withholding up to date or be making current payroll tax deposits. the reason is simple, if you cannot make current tax deposits you cannot keep up with your tax debt.
I know this policy well because I am a former IRS revenue officer and teaching instructor.
The cardinal rule for IRS collections officers is simply this, if they can’t keep current they shouldn’t be in business.
Call us today and get a free initial tax consultation review of your case and we will go over with you the different solutions that you can live with.
If you owe individual taxes IRS will require a 433a if you will owe business taxes they will require a form 433B.
Last note of interest.
If you owe back IRS taxes make sure you have an exit strategy.
We can help develop your exit strategy when you call our office. Strategies are different from client to client and they depend completely on their current financial statement. There are various of tax solutions to be contemplated before a determination is made for an exit strategy.
We have worked thousands of cases and know each and every strategy possible.
Once we hear your plan and review your financial statement we can determine your best course of action. It is important for you to hear the truth about your case.
We are very truthful in our dealings with every taxpayer and many times our exit strategy are things that businesses may have never thought about.
We worked thousands of cases since 1982 and are true IRS tax experts.
Please feel free to call us for a second opinion work you are having a problem with your current tax representative.
Owe Back Taxes IRS = Individual, Business, Payroll Tax Settlements + Payment Plans , Not filed Tax Returns Affordable Experts,
by Jim Magary | Apr 20, 2015 | Tax Help
Within 24 hours of receiving your current financial statement we can get an IRS Tax Levy, Bank Levy, Wage Garnishment levy AFFORDABLY released.
We know the system, Former IRS Managers and Agents, AFFORDABLE !
Because of our years of experience working at Internal Revenue Service we know the system to get immediate releases of an IRS tax levy, IRS bank levy or IRS wage garnishment.
Not only can we get your tax levy released or removed we can also settle your case at the same time.
We have worked a system for over 60 years and understand the protocols and the internal revenue manual’s to get your levy released in your case closed with IRS.
FST is a full service tax firm with an expertise in IRS and state tax matters.
We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau
What it takes to get your IRS tax levy, wage levy garnishment tax levy released.
As a general rule if taxpayers do not respond to final notice is sent by IRS, the Internal Revenue Service is required to send out a tax levy.
As a general rule IRS sends out close to 1.9 million tax levies each year.
To get your IRS tax levy or wage garnishment released it will be necessary for you to give IRS a current documented financial statement along with making sure all your tax returns are filed in on IRS’s computer system.
Call us today for a free initial tax consultation and we will walk you through the system of getting an IRS tax levy, bank levy or wage garnishment levy released.
It will be necessary for you to fully complete an IRS form 433F (an IRS financial statement) that you can find on our website along with supplying IRS with bank statements, pay stubs and copy of all monthly expenses.
When you call our office we were thoroughly review your case, give you a free tax assessment and let you know the necessary steps to completely remove your IRS problem including releasing an IRS tax levy, or wage levy garnishment and settling your case all at the same time.
We are the friendly, affordable and experienced professional tax team practicing since 1982.
IRS Tax Levy Removed, Bank Levy, Wage Garnishments , Settle IRS Tax Problem – Fast Haywood, Escondido, Sunnyvale, Pasadena, Orange,
by Jim Magary | Apr 20, 2015 | Tax Help
Late Filing and Late Paying Penalties
If you are due a refund there is no penalty if you file a late tax return.
But if you owe tax, and you failed to file and pay on time, you will usually owe interest and penalties on the tax you pay late.
What you should know about these penalties.
1. Two penalties may apply.
If you file your federal tax return late and owe tax with the return, two penalties may apply. The first is a failure-to-file penalty for late filing.
The second is a failure-to-pay penalty for paying late.
2. Penalty for late filing.
The failure-to-file penalty is normally 5 percent of the unpaid taxes for each month or part of a month that a tax return is late.
It will not exceed 25 percent of your unpaid taxes.
3. Minimum late filing penalty.
If you file your return more than 60 days after the due date or extended due date, the minimum penalty for late filing is the smaller of $135 or 100 percent of the unpaid tax.
4. Penalty for late payment.
The failure-to-pay penalty is generally 0.5 percent per month of your unpaid taxes. It applies for each month or part of a month your taxes remain unpaid and starts accruing the day after taxes are due.
It can build up to as much as 25 percent of your unpaid taxes.
5. Combined penalty per month.
If the failure-to-file penalty and the failure-to-pay penalty both apply in any month, the maximum amount charged for those two penalties that month is 5 percent.
6. File even if you can’t pay.
In most cases, the failure-to-file penalty is 10 times more than the failure-to-pay penalty. So if you can’t pay in full, you should file your tax return and pay as much as you can.
Use IRS Direct Pay to pay your tax directly from your checking or savings account.
You should try other options to pay, such as getting a loan or paying by debit or credit card. The IRS will work with you to help you resolve your tax debt.
7. Late payment penalty may not apply.
If you requested an extension of time to file your income tax return by the tax due date and paid at least 90 percent of the taxes you owe, you may not face a failure-to-pay penalty.
However, you must pay the remaining balance by the extended due date.
You will owe interest on any taxes you pay after the April 15 due date.
8. No penalty if reasonable cause.
You will not have to pay a failure-to-file or failure-to-pay penalty if you can show reasonable cause for not filing or paying on time.
There is also penalty relief available for repayment of excess advance payments of the premium tax credit for 2014.
by Jim Magary | Apr 20, 2015 | Tax Help
Have AFFORDABLE Former IRS agents and managers completely resolve your IRS problems. We know the system!
We are a full-service team that specializes in IRS back tax problem help and we have been in private practice since 1982. we have now become a nationwide tax resolution firm.
FST can stop an IRS final notice prevent, stop an IRS tax levy or wage garnishment and settle in IRS tax debt through the offer in compromise program if you are eligible candidate. I will know if you’re eligible or not because I’m a former IRS agent revenue officer who have taught and work the program from the inside and now represent taxpayers.
We can handle anything from an IRS notice or letter even going to tax court if necessary. Most IRS tax problems are handled administratively. In general, tax attorneys are needed for litigation or criminal tax purposes.
FST is affordable tax firm that has been practicing since 1982 and has an A+ rating by the Better Business Bureau. We have over 206 years professional tax experience.
Stopping IRS problems is all about being experienced in knowing the system.
Let me first start out by saying that we have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
With that much experience we understand the codes, protocols, settlement theories , and all the avenues to resolve any IRS back tax debt problem.
We can stop an IRS final notice, we can stop an IRS tax or wage garnishment levy and file any back tax returns that are currently not on file.
As a general rule within 24 hours we can get your money back from Internal Revenue Service. Once we have your documented financial statement your case can will be resolved.
Just for your information if you received an IRS wage levy by law your next paycheck goes to the Internal Revenue Service with some exemptions.
With a IRS bank levy there is a 21 day hold or freeze on the account. You can still continue to use your bank account.
IRS is very methodical and system oriented on how they work cases involving back tax debt.
The IRS will make sure that all your tax returns are filed and as a general rule will attempt to secure current financial statement so they can take your case off of all IRS enforcement computers.You will need to fill out form 433F.
With that in mind, the Internal Revenue Service will generally remedy your case by putting it into a non-collectible file, asking you to make payments, or letting you know you could be a choice candidate to settle your debts through the offer in compromise program.
Call us today and speak to a true affordable IRS tax professional. We are the fast, friendly, and affordable professional tax firm.
When calling our office you will speak directly to an IRS tax expert.
Stop IRS Tax Problem, Help – Final Notice of Intent, Tax Levy, Bank & Wage Releases, File Back Returns, Offer in Compromise + Hayward, Escondido, Sunnyvale, Pasadena, Orange,
