by Jim Magary | Feb 24, 2015 | Tax Help
Get Your Money Back From IRS Right Now!
Let AFFORDABLE former IRS agents and managers who know the system represent your best interest during in IRS tax problem matter.
We have over 60 years with the working for the IRS.
We are fast, affordable and we know the system. Since 1982, A plus Rated, BBB. We can achieve immediate and permanent IRS tax relief for IRS tax levies, the filing of a federal tax lien in the settlement of an IRS tax debt. all work is done in-house by true affordable and certified IRS tax professionals.
Experienced Professional Tax Firm
With over 60 years of direct IRS experience in the local, district, and regional tax offices of the Internal Revenue Service we understand the most affordable, fastest and quickest way to resolve any IRS tax situation. We have worked hundreds and hundreds of IRS cases. Since 1982 we specialize in IRS tax resolution.
From a simple IRS notice, letter, or telephone call including going to tax court we can provide immediate and permanent IRS tax relief.
We are a full service tax firm staffed with tax attorneys, tax lawyers, certified public accountants, and former IRS and state tax agents.
When you engage us you will never have to speak with the Internal Revenue Service.
All calling and correspondence / settlement is done directly through our affordable professional tax staff.
Tax relief for an IRS tax Levy, IRS bank levy or IRS wage garnishment levy
If you need to get a fast and affordable tax relief on a tax levy, IRS requires a current financial statement on form 433F.
That form will be found on our website. This form is a must it is critical you have a true tax professional fill this out and documented for best negotiations with the IRS. Knowing and understanding the system are important for success.
When that form is completed, verified and documented we send or fax the 433 f to the Internal Revenue Service and work out a tax settlement with them.
Once we speak to the Agent IRS by voice, IRS will then send the Tax Levy release to your employer or to your bank.
As a result of the Levy release you also have a close settlement case.
IRS settlements can be in the form of current hardships, payment plans, or the suggestion of an offer in compromise to settle your tax debt due to the new fresh start tax initiative. your financial statement will determine the way IRS will take your case off the enforcement computer and bring it to a close settlement.
The new fresh start initiative encourages taxpayers to file offer in compromises if they are qualified taxpayers to do so.
Right now over 42% of all taxpayers who have sent in offers in compromise to settle back tax debt have been accepted by IRS for an average of $.14 on a dollar.
You can find the pre-qualifier tool for the IRS tax debt settlement program call the offer in compromise on our website.
It’ll let you know what the lowest amount IRS will take to settle their case.
As a former IRS agent and teaching instructor when you call us, we can qualify you to make sure you are a suitable candidate to settle your tax debt.
Call us today for free initial tax consultation new can speak to an affordable true and certified IRS tax expert for immediate and permanent IRS tax relief.
It will be necessary that you file all back tax returns. IRS will not close the case off their computer system in less a taxpayer is in full compliance of all tax filings.
We are A+ rated by the Better Business Bureau. Our firm has a total of 206 years of professional tax experience.
IRS Tax Relief – Tax Levy, Tax Lien, Payment Plans, Affordable Settlements, Back Filings = Affordable = Tempe, Peoria, Surprise, Yuma, Paradise Valley
by Jim Magary | Feb 24, 2015 | Tax Help
We can resolve any IRS matter or tax situation, we are the affordable tax firm.
We have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
We can file all your back tax returns, work with you on settling IRS back tax debt, see if you are qualified for a payment plan option, defend you during an IRS tax audit and help your business or corporation or company if you owe back payroll taxes.
Call us today for a free initial tax consultation.
The filing of back tax returns.
Most taxpayers have a fear if they have on file tax returns but sooner or later IRS will be contacting them.
IRS can prepare your tax returns under 6020 B of the IRC code.
As a former IRS agent I prepared back tax returns for taxpayers.
Please be advised IRS will make sure you pay the highest amount of tax allowed by law and giving you absolutely no expenses or deductions.
It is critical you file your back tax returns.
If you have no records as former IRS agents we can help reconstruct your tax return so do not be worried about that.
If you wish to settle your tax debt we will contemplate the filing of an offer in compromise and walk you through the IRS pre-qualify tool to find out if you are a true candidate for the offer in compromise program.
Close to 42% of all taxpayers were eligible who filed offers in compromise last year.
The majority of the offers in compromise sent to Internal Revenue Service that were accepted were prepared by professional tax firms.
If you are undergoing an IRS tax audit who better represent you than a former IRS audit manager who understands the systems, the processes in the protocols..
If you will payroll taxes call us today we will have a former IRS revenue officer who has worked hundreds and hundreds of cases help resolve your situation and restore your business and personal life.
Call us today for a free initial tax consultation we are a full-service professional tax firm with expertise in IRS tax matters and problem resolution.
File Back Tax Returns, Settle IRS Back Taxes Debt, Payments Plans, IRS Audits, Payroll, Business Taxes = Phoenix, Mesa, Chandler, Glendale, Scottsdale, Gilbert
by Jim Magary | Feb 24, 2015 | Tax Help
Social Security Benefits and Your Taxes, What You Need to Know
If you receive Social Security benefits, you may have to pay federal income tax on part of your benefits.
These tips will help you determine whether or not you need to pay taxes on your benefits.
They also explain the best way to file your tax return.
• Form SSA-1099.
If you received Social Security in 2014, you should receive a Form SSA-1099, Social Security Benefit Statement, showing the amount of your benefits.
• Only Social Security.
If Social Security was your only income in 2014, your benefits may not be taxable. You also may not need to file a federal income tax return.
If you get income from other sources you may have to pay taxes on some of your benefits.
• Free File.
Use IRS Free File to prepare and e-file your tax return for free. If you earned $60,000 or less, you can use brand-name software.
The software does the math for you and helps avoid mistakes. If you made more than $60,000, you can use Free File Fillable Forms.
This option uses electronic versions of IRS paper forms.
It is best for people who are used to doing their own taxes. Free File is available only on IRS.gov/freefile.
• Interactive Tax Assistant.
The IRS has a helpful tool that you can use to see if any of your benefits are taxable.
Visit IRS.gov and use the Interactive Tax Assistant.
• Tax Formula.
Here’s a quick way to find out if you must pay taxes on your Social Security benefits:
Add one-half of your Social Security to all your other income, including tax-exempt interest. Then compare the total to the base amount for your filing status. If your total is more than the base amount, some of your benefits may be taxable.
• Base Amounts.
The three base amounts are:
o -$25,000 – if you are single, head of household, qualifying widow or widower with a dependent child or married filing separately and lived apart from your spouse for all of 2014
o -$32,000 – if you are married filing jointly
o- $0 – if you are married filing separately and lived with your spouse at any time during the year
by Jim Magary | Feb 24, 2015 | Tax Help
We are an affordable professional tax firm that knows the system.
We are composed of tax attorneys, certified public accountants, and former IRS agents.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
Besides our years of IRS experience our former IRS agents have also been supervisors, managers and training instructors and know the exact processes that IRS uses on each and every taxpayer, business or corporation.
Call us today for free initial tax consultation and speak directly to true IRS tax professional.
Within 24 hours of receiving your current documented financial statement, and as a general rule, we can get your IRS tax levy, Bank Levy or tax wage garnishment released.
If the IRS is filed a federal tax lien against you we can go over the different options you have available to you to release your federal tax lien.
If you wish to make back payments to IRS, call us today we will go over the different payment options IRS has.
If you wish to settle your tax debt we will consider the filing of an offer in compromise but make sure first you are qualified candidate to settle your tax debt to the offer in compromise program.
We are A+ rated by the Better Business Bureau have been in private practice since 1982.
Call us today for free initial tax assessment. When you call our office you will speak to a true Iris tax professional tax expert.
IRS Taxes = Fast Affordable = Tax Levies, Tax Lien, Payment Plans, Settle Tax Debts, File Returns = Former IRS = Phoenix, Mesa, Chandler, Glendale, Scottsdale, Gilbert
by Jim Magary | Feb 24, 2015 | Tax Help
Facts That You Should Know about Capital Gains and Losses
When you sell a capital asset the sale results in a capital gain or loss.
What is a Capital Assets ?
A capital asset includes most property you own for personal use or own as an investment.
Facts that you should know about capital gains and losses:
1. Capital Assets.
Capital assets include property such as your home or car, as well as investment property, such as stocks and bonds.
2. Gains and Losses.
A capital gain or loss is the difference between your basis and the amount you get when you sell an asset.
Your basis is usually what you paid for the asset.
3. Net Investment Income Tax.
You must include all capital gains in your income and you may be subject to the Net Investment Income Tax.
This tax applies to certain net investment income of individuals, estates and trusts that have income above statutory threshold amounts.
The rate of this tax is 3.8 percent. For details visit IRS.gov.
4. Deductible Losses.
You can deduct capital losses on the sale of investment property.
You cannot deduct losses on the sale of property that you hold for personal use.
5. Long and Short Term.
Capital gains and losses are either long-term or short-term, depending on how long you held the property.
If you held the property for more than one year, your gain or loss is long-term.
If you held it one year or less, the gain or loss is short-term.
6. Net Capital Gain.
If your long-term gains are more than your long-term losses, the difference between the two is a net long-term capital gain.
If your net long-term capital gain is more than your net short-term capital loss, you have a net capital gain.
7. Tax Rate.
The capital gains tax rate usually depends on your income.
The maximum net capital gain tax rate is 20 percent.
However, for most taxpayers a zero or 15 percent rate will apply.
A 25 or 28 percent tax rate can also apply to certain types of net capital gains.
8. Limit on Losses.
If your capital losses are more than your capital gains, you can deduct the difference as a loss on your tax return.
This loss is limited to $3,000 per year, or $1,500 if you are married and file a separate return.
9. Carryover Losses.
If your total net capital loss is more than the limit you can deduct, you can carry over the losses you are not able to deduct to next year’s tax return.
You will treat those losses as if they happened in that next year.
10. Forms to File.
You often will need to file Form 8949, Sales and Other Dispositions of Capital Assets, with your federal tax return to report your gains and losses. You also need to file Schedule D, Capital Gains and Losses with your tax return.
Call us today and have former IRS agents prepare your tax returns.
