by Jim Magary | Mar 30, 2015 | Tax Help
We are affordable IRS tax experts that have been practicing since 1982 and are A+ rated by the Better Business Bureau.
Have Former IRS Agents and Managers get rid of your problem NOW.
If you are experiencing any type of IRS problem and need immediate and permanent IRS tax relief contact us today for a free initial tax consultation.
If you have received an IRS tax levy, that is a bank or wage garnishment levy, as a general rule we can get your tax levy released within 24 hours of receiving your current documented financial statement.
Some quick IRS tax facts:
IRS files 1.9 million wage and bank levies each and every year,
IRS files approximately 600,000 federal tax liens every year,
IRS audits approximately 1% of the population,
over 7 million people make IRS payment plans each and every year.
If you have a problem with Internal Revenue Service and need fast and affordable IRS tax relief call us today for a free initial tax consultation
If the Internal Revenue Service has filed a federal tax lien you will need to hear different options about getting your federal tax lien released.
If you are undergoing an IRS tax audit you can have a former IRS agent audit manager represents you and provide your best possible tax defense and take the case to appeals and even tax court if necessary.
If you wish to make payments to the Internal Revenue Service, there are various affordable programs available. When you contact us you will talk to a former IRS revenue officer who has over 10 years in working for the Internal Revenue Service.
If you need to file back return tax returns you can have our professional and affordable expert staff prepare your tax returns and make sure you are paying the lowest amount by law.
If you wish to settle your tax that we will go over your offer in compromise options to find out if you are eligible to settle your tax debt through an offer in compromise.
Since 1982 A+ rated by the Better Business Bureau.
We are the affordable professional tax firm. IRS tax relief is one phone call away the speaking to a true IRS tax professional and tax expert.
Do not get ripped off by other firms on the Internet.
Most of the advertising done on the Internet are by lead generation companies that sell your information to third parties. We are the real deal.
For permanent IRS tax relief it is often best to call a professional tax firm.
IRS Tax Relief + Tax Levy, Tax Lien, Tax Audit, Make Easy IRS Payments, File Tax Returns, Settle, Los Angeles
by Jim Magary | Mar 27, 2015 | Tax Help
Office in Home Tax Deduction
Nearly 3.4 million taxpayers claimed deductions of more than $10 billion for business use of a home, which is commonly referred to as the home office deduction.
Introduced in tax year 2013, the optional deduction is designed to reduce the paperwork and recordkeeping burden for small businesses.
The optional deduction is capped at $1,500 per year, based on $5 a square foot for up to 300 square feet.
Normally, home-based businesses are required to fill out a 43-line form (Form 8829) often with complex calculations of allocated expenses, depreciation and carryovers of unused deductions.
Taxpayers choosing the simplified method need only complete a short worksheet in the tax instructions and enter the result on their tax return.
Self-employed individuals claim the home office deduction on Schedule C, Line 30; farmers claim it on Schedule F, Line 32; and eligible employees claim it on Schedule A, Line 21.
Homeowners using the simplified method cannot depreciate the portion of their home used in a trade or business, they can claim allowable mortgage interest, real estate taxes and casualty losses on the home as itemized deductions on Schedule A.
These tax deductions need not be allocated between personal and business use, as is required under the regular method.
Business expenses unrelated to the home, such as advertising, supplies and wages paid to employees, are still fully deductible.
Long-standing restrictions on the home office deduction, such as the requirement that a home office be used regularly and exclusively for business and the limit tied to the income derived from the particular business, still apply under the simplified method.
by Jim Magary | Mar 27, 2015 | Tax Help
We are a full service tax firm that specialize in immediate and permanent IRS Tax Relief. A plus Rated BBB.
We have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We know the working systems of the IRS, We have worked in almost every possible administration system.
As former IRS agents we have issued tax bills, sent certified mail, sent final notices of levy.
As result of our years of understanding and knowing the system and we understand how to immediately and permanently put these tax issues to bed.
We have worked on thousands of cases and resolving IRS matters, problems and situations.
If you have received an IRS tax bill, final notice before levy or seizure, received a notice of levy on your wages or bank account, need to make a payment plan or settle your tax debt with the Internal Revenue Service contact us today for free initial tax consultation.
We’ve been in private practice since 1982 and have over 206 years of professional tax experience in dealing with IRS tax matters.
A note to all taxpayers:
As a former IRS agent and teaching instructor those tax bill notices are all time sensitive and must be addressed by the due dates on your mail correspondence.
Failure to keep up with the due dates many times winds up as enforced collection actions by the Internal Revenue Service.
Therefore it is important to address these issues soon as the mail comes in.
Most IRS mail, i.e., tax bills, certified mail, final notices of levy from IRS allow a 30 day hold period.
Tax facts of interest:
IRS sends close to 2 million bank and wage garnishment levies each and every year,
Approximately 3.6,M people are on IRS payment plans
Over 38% of all those who apply for an IRS tax settlement or approved by the Internal Revenue Service,
IRS sends out approximately 700,000 liens every year,
Over 40% of collection cases that IRS works winds of going into hardship.
Your chances of an IRS tax audit are less than 1%.
Call today for free initial tax consultation and speak to true IRS tax experts.
Los Angeles = IRS Taxes + Tax Bill Notice, Certified Mail, Final Notice of Levy, Levy Releases, IRS Payment Plans, Tax Settlement – Los Angeles
by Jim Magary | Mar 27, 2015 | Tax Help
We are the affordable professional firm.
Our former IRS agents and managers who know the system for those who owe IRS back tax debt or have tax problem issues.
We have been in private practice since 1982 and are A+ rated by the Better Business Bureau.
We have 206 years 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 Internal Revenue Service.
Our former IRS staff include former IRS managers, former instructors and former IRS agents who helped write part of the internal revenue manual section 5, IRS policy and procedure. We know the system!
We know exactly how to close your case, we are fast, efficient and for affordable pricing.
The IRS Process
IRS closes most of their cases by taking a current and verifiable financial statement.
The Internal Revenue Service will want their version of a financial statement usually on a form 433F or a 433A..
Let me remind you again those financial statements must be fully documentable along with bank statements, copies of pay stubs, and all expenses. The IRS does a fairly thorough review of everyone’s individual financial statement that’s why it is critical you hire up professional person that knows the system the results can be dramatic for experienced tax professional.
All documentation should include the last three months to give IRS a complete picture of your current financial ability to pay. Sometimes medical issues and health issues play an important part in helping IRS make a decision. IRS will not let on asked all the expenses they allow it takes a lot of seasoning and experience to understand how IRS works.
After the IRS has carefully reviewed your financial statement, as a general rule you, will close your case in one of three ways.
The Internal Revenue Service, after review of your statement may elect to;
- put you into a current non-collectible status,
- ask you to make monthly payments, or
- let you know you appear to be an IRS tax debt settlement called an offer in compromise.
It is critical you file all back tax returns or IRS will file for you, you do not want this to happen.
If you need to file back tax returns we can do so.
We can pull IRS tax transcription and file an accurate file tax return. We can prepare your back tax returns with little or few records. You want to make sure you file the returns, if you do not, IRS has the option to file for you you will not be a happy camper.
You can elect to have former IRS agents prepare your return so you can be assured you pay the lowest amount allowed by law.
You will never have to speak to the Internal Revenue Service.
If you have any questions or concerns call us today for free initial tax consultation we will walk you through the process of how to get rid of old IRS back tax debt.
We are a full service tax firm A+ rated by the Better Business Bureau.
IRS Tax Problems Help = Lien, Levy, Offer in Compromise, Tax Filing, Audits = Former IRS Affordable
by Jim Magary | Mar 27, 2015 | Tax Help
We are a full service affordable tax firm that specialized in IRS tax debt relief.
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 one of the most experienced professional tax firms.
You can call us today for a free tax consultation and speak directly to one of our true tax professionals.
Please Beware:
You should know that most of the companies you see on the Internet are lead generation companies that means they are selling your information to third parties.
Your information is worth $50 – $100 and people bid on the right to represent you. You have no idea who is getting your information.
With fresh start tax llc, 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.
Call IRS call us today for a free initial tax consultation we will match you up with the tax specialist who can give you immediate and permanent IRS tax relief.
We are A+ rated by the Better Business Bureau.
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. Whether you will owe individual or payroll taxes IRS basically works all cases the same for back tax debt.
The national standards allow certain expenses matched with certain income. 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.
Los Angeles – Affordable IRS Taxes Debt Relief – Back Tax Settlements, Not Filed Returns – Individual, Business, Payroll Tax Debt – Los Angeles
