by Jim Magary | Mar 27, 2015 | Tax Help
We are a full-service Christian tax firm specializing in all IRS & State of California tax matters and problems. <><
We have been in private practice since 1982 and are a biblical-based tax firm.
We are A+ rated by the Better Business Bureau.
Proverbs 16:3 (NIV) Commit to the Lord whatever you do, and he will establish your plans
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 are the affordable professional tax firm. All our work is done in-house by true Christian tax professionals.
We have over 206 years professional tax experience and over 60 years of working directly for the Internal Revenue Service.
Our former IRS agents have worked as managers, supervisors, teaching instructors and also included writing part of the Internal Revenue Service manual.
On staff are Christian tax attorneys, Christian tax lawyers, Christian certified public accountants, Christian enrolled agents and Christian former IRS agents.
We are a solid biblical-based firm.<><
Please feel free to ask to us about our faith when you call us.
We are available for appointments in our local offices, by Skype, or by telephone call.
When you call our office you will speak directly to a true IRS tax professional who can help you permanently resolve your IRS case.
Los Angeles = IRS Taxes – Christian IRS Tax Relief – IRS Levy Relief, Settle Tax Debt, Not Filed Tax Returns, IRS & State Tax Representation
by Jim Magary | Mar 27, 2015 | Tax Help
Business Use of Car & the IRS Tax Deduction
If you use your car in your job or business and you use it only for that purpose, you may deduct its entire cost of operation (subject to limits discussed later).
However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use.
You can generally figure the amount of your deductible car expense by using one of two methods: the standard mileage rate method or the actual expense method.
If you qualify to use both methods, you may want to figure your deduction both ways before choosing a method to see which one gives you a larger deduction.
If you use the standard mileage rate, you can add to your deduction any parking fees and tolls incurred for business purposes.
To use the standard mileage rate, you must own or lease the car and:
• You must not operate five or more cars at the same time, as in a fleet operation,
• You must not have claimed a depreciation deduction for the car using any method other than straight-line,
• You must not have claimed a Section 179 deduction on the car,
• You must not have claimed the special depreciation allowance on the car,
• You must not have claimed actual expenses after 1997 for a car you lease, and
• You cannot be a rural mail carrier who received a “qualified reimbursement.”
To use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business.
Then, in later years, you can choose to use the standard mileage rate or actual expenses.
For a car you lease, you must use the standard mileage rate method for the entire lease period (including renewals) if you choose the standard mileage rate.
To use the actual expense method, you must determine what it actually costs to operate the car for the portion of the overall use of the car that is business use.
Include gas, oil, repairs, tires, insurance, registration fees, licenses, and depreciation (or lease payments) attributable to the portion of the total miles driven that are business miles.
Other car expenses for parking fees and tolls attributable to business use are separately deductible, whether you use the standard mileage rate or actual expenses.
Generally, the Modified Accelerated Cost Recovery System (MACRS) is the only depreciation method that can be used by car owners to depreciate any car placed in service after 1986.
However, if you used the standard mileage rate in the year you place the car in service and change to the actual expense method in a later year and before your car is fully depreciated, you must use straight-line depreciation over the estimated remaining useful life of the car.
There are limits on how much depreciation you can deduct. For additional information on the depreciation limits, please refer to Topic 704. Publication 463, Travel, Entertainment, Gift, and Car Expenses, explains the depreciation limits and discusses special rules applicable to leased cars.
The law requires that you substantiate your expenses by adequate records or by sufficient evidence to support your own statement.
If you are an employee whose deductible business expenses are fully reimbursed under an accountable plan, the reimbursements should not be included in your wages on your Form W-2 (PDF), Wage and Tax Statement, and you should not deduct the expenses.
If your employer uses a nonaccountable plan to reimburse you for the expenses, the reimbursements are includable in your wages.
Your employer will combine the amount of any reimbursement or other expense allowance paid to you under a nonaccountable plan with your wages, salary, or other compensation and report the total on your Form W-2.
You may deduct employee business expenses as an itemized deduction.
If you are an employee who intends to deduct your car expenses including expenses that exceed reimbursement under an accountable plan, you must complete Form 2106 (PDF), Employee Business Expenses, or Form 2106-EZ (PDF), Unreimbursed Employee Business Expenses, and itemize your deductions on Form 1040, Schedule A (PDF), Itemized Deductions.
Your employee expenses are subject to the 2% of adjusted gross income limit. Refer to Topic 508 for information on the 2% limit.
If you are self-employed, deduct car expenses on Form 1040, Schedule C (PDF), Profit or Loss From Business, or Form 1040, Schedule C-EZ (PDF), Net Profit From Business, or on Form 1040, Schedule F (PDF), Profit or Loss From Farming, if you are a farmer.
by Jim Magary | Mar 27, 2015 | Tax Help
We are affordable tax experts in the removal of IRS tax levies, bank levies, and wage garnishment levies. We know the system.
As a general rule, 24 hours after receiving your current and verifiable financial statement we can get your IRS tax levy, bank levy wage garnishment released and your case closed with the IRS.
We have over 60 years of working directly for the Internal Revenue Service.
We are composed of tax attorneys, certified public accountants and former IRS agents.
It only makes sense as former IRS agents and managers we know the system.
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.
Some of our former IRS agents have worked as instructors, supervisors, managers and wrote part of the internal revenue manual on IRS collection policy and procedure.
As a general rule, we can get an IRS bank levy, tax levy or wage tax garnishment released within 24 hours of receiving your current documented financial statement.
IRS will require a 433F fully documented before releasing. After we review your financial statement we will go over the different resolution policies by the Internal Revenue Service.
Call us today for a free initial tax consultation.
You can come into our local office, Skype us, or talk to us by phone about the various types of solutions and remedies to immediately remove an IRS tax Levy, Bank Levy wage levy or talk about settling your case with the Internal Revenue Service.
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.
When speaking to somebody on our friendly staff, we will let you know if you are an eligible candidate to settle your tax debt.
Los Angeles – Immediately Remove IRS Tax Levy + Bank Levy + Wage Garnishment + Settle Debt Now + AFFORDABLE + Former IRS
by Jim Magary | Mar 27, 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.
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 system inside and out.
We have worked as supervisors, as managers, and teachings instructors.
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.
If you have received an IRS notice of intent to levy, we can file a collection due process hearing also to stop IRS. Received and certified mail? Do not worry!
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.
For over 10 years I was a former revenue officer and teaching instructor at the regional training office of the Internal Revenue Service.
Do don’t be bullied by the IRS, fight back with Former IRS Agents!
The system of the IRS 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.
Please call us today for a free initial tax consultation.
The IRS Billing Notices
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 -Final
Call us today for free initial tax consultation.
by Jim Magary | Mar 27, 2015 | Tax Help
As a former IRS agent and teaching instructor, I am very familiar with the IRS tax notice and billing system.
If you have received any IRS tax billing notice call us today for a free initial tax consultation and STOP the IRS. Use your taxpayer rights to protect yourself from the IRS.
We know all the processes, systems and methodologies used by Internal Revenue Service.
We can stop the Internal Revenue Service and work out a tax settlement all at the same time.
I have been in private practice since 1982 and fresh start tax is a full-service nationwide tax firm.
Hear the truth today from experience and affordable tax professionals who know the system.
For over 10 years I was a former revenue officer and teaching instructor at the regional training office of the Internal Revenue Service.
The system of the IRS 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.
Please call us today for a free initial tax consultation.
The IRS Billing Notices
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 -Final
Call us today for free initial tax consultation.
IRS Tax Notice Billing = CP 14, CP 501, CP 503, CP 504, CP 90, LT 11,1058 – Stop IRS Now, Former IRS
