by Jim Magary | Feb 19, 2015 | Tax Help
We are affordable professional tax firm composed of tax attorneys, CPAs and former IRS agents.
We have over 206 years of professional tax experience have been in private practice since 1982 and are A+ rated by the Better Business Bureau.
We have handled hundreds and hundreds of cases since 1982.
Combined with our 60 years of working for Internal Revenue Service, we know the system to bring a fast, effective and affordable professional settlement on any IRS tax situation or state situation you are currently having.
Owing back taxes to the Internal Revenue Service
As a former revenue officer I have worked countless cases both as a former agent and being in private practice.
As a general rule the IRS will require a current documented financial statement before they will make a determination on any outstanding debt that a taxpayer business or corporation will settle with the IRS.
After the internal revenue through service verifies that completely documented financial statements they will make a closing decision on how to remove the case out of the inventory of the Internal Revenue Service.
As a general rule the Internal Revenue Service will either places case into a tax hardship, enter into a payment plan or recommend the settling of the debt to the offer in compromise.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS consider your unique set of facts and circumstances such as:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
The Offer in Compromise program is not for everyone.
Call us today for a free initial tax consultation and find out if you are eligible for the new offer in compromise program. You can have a former IRS agent revenue officer review your case which can allow you to settle your case for pennies on dollar.
IRS Taxes = Owe IRS, Settle Debt, Payment Plans, Hardships, Past Due Tax Returns + AFFORDABLE + Kansas City, St Louis, Springfield, Independence, East Independence
by Jim Magary | Feb 19, 2015 | Tax Help
Changed Your Name Here is What you Need to Know
Did you change your name last year?
If you did, it can affect your taxes.
All the names on your tax return must match Social Security Administration records.
A name mismatch can delay your refund.
Here’s what you should know if you changed your name:
• Report Name Changes.
Did you get married and are now using your new spouse’s last name or hyphenated your last name?
Did you divorce and go back to using your former last name?
In either case, you should notify the SSA of your name change.
That way, your new name on your IRS records will match up with your SSA records.
• Dependent Name Change.
Notify the SSA if your dependent had a name change.
For example, this could apply if you adopted a child and the child’s last name changed.
If you adopted a child who does not have a SSN, you may use an Adoption Taxpayer Identification Number on your tax return.
An ATIN is a temporary number.
You can apply for an ATIN by filing Form W-7A, Application for Taxpayer Identification Number for Pending U.S. Adoptions, with the IRS.
You can visit IRS.gov to view, download, print or order the form at any time.
• Get a New Card.
File Form SS-5, Application for a Social Security Card, to notify SSA of your name change. You can get the form on SSA.gov or call 800-772-1213 to order it.
Your new card will show your new name with the same SSN you had before.
• Report Changes in Circumstances in 2015.
If you purchase health insurance coverage through the Health Insurance Marketplace you may get advance payments of the premium tax credit in 2015.
If you do, be sure to report changes in circumstances, such as a name change, a new address and a change in your income or family size to your Marketplace throughout the year.
Reporting all changes will help make sure that you get the proper type and amount of financial assistance and will help you avoid getting too much or too little in advance.
by Jim Magary | Feb 19, 2015 | Tax Help
We are the affordable professional firm that knows all the options to help resolve an IRS tax debt for IRS tax problem.
With over 60 years of working for the local, district, and regional tax offices of the Internal Revenue Service we know the system inside and out.
We know the quickest and most affordable way to resolve any IRS or state tax problem.
FST can help you resolve any IRS tax debt problem, file back or delinquent tax returns, help fight any IRS tax dispute and resolve back taxes.
Since we have worked for IRS for a combined 60 years we will go over the various programs IRS has to remedy the current IRS tax problem you are facing.
We are a full service tax firm with all work being conducted within our offices.
We are composed of tax attorneys, certified public accountants, enrolled agents and former IRS agents, managers and tax instructors.
The quickest way to resolve an IRS tax debt is for a professional tax firm to immediately file a power of attorney.
When we do this you will never speak to the Internal Revenue Service.
We will pull up tax transcripts and find out and get to the problem as fast as possible.
Will negotiate with the agent and settle your case all at the same time.
If you have delinquent tax returns we can file those tax returns and help audit proof them so your tax return is less susceptible to a tax audit.
Call us today and we will go over the various programs IRS has available to you to completely resolve your IRS tax debt.
We are A+ rated have been in private practice since 1982.
Resolve IRS Tax Debt, Delinquent Tax Problems, IRS Tax Disputes, IRS Back Taxes + Kansas City, St Louis, Springfield, Independence, East Independence
by Jim Magary | Feb 19, 2015 | Tax Help
We are a full service “affordable” tax firm that specialized in IRS tax resolution. We know the system!
We’ve been in private practice since 1982 and have taken our experience and knowledge and brought it out into the public sector and now have established a nationwide affordable IRS tax resolution service.
We have 206 years of professional tax experience in our A+ rated by the Better Business Bureau.
We are composed of tax attorneys, tax lawyers, certified public accountants, enrolled agents and former IRS agents and managers.
Our former IRS agents and managers have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.
We have worked in almost every facet of IRS taxes and tax law.
As former IRS agents we taught tax law to new employees as it relates to their job and their employment.
You can call us today for a free initial tax consultation and we will walk you through the various programs of tax resolution.
We can resolve any individual, business, payroll tax situation you are having.
All our work is done in-house by a truly affordable professional and a friendly tax staff.
Call us today for a free assessment on your case.
As a side note, is important to remember all taxpayers need to file all tax returns and have them on the IRS system.
This is a prerequisite for IRS to settle any tax case.
IRS Taxes Resolution = Owe Individual, Payroll, Business = Settle Tax Debt Problem, Tax Relief, Tax Law Help + Kansas City, St Louis, Springfield, Independence, East Independence
by Jim Magary | Feb 18, 2015 | Tax Help
Stay Vigilant Against Bogus IRS Phone Calls and Emails
Tax scams take many different forms.
Recently, the most common scams are phone calls and emails from thieves who pretend to be from the IRS.
They use the IRS name, logo or a fake website to try to steal your money. They may try to steal your identity too.
Here are several tips from the IRS to help you avoid being a victim of these tax scams:
The real IRS will not:
• Initiate contact with you by phone, email, text or social media to ask for your personal or financial information.
• Call you and demand immediate payment.
The IRS will not call about taxes you owe without first mailing you a bill.
• Require that you pay your taxes a certain way.
For example, telling you to pay with a prepaid debit card.
Be wary if you get a phone call from someone who claims to be from the IRS and demands that you pay immediately.
Here are some steps you can take to avoid and stop these scams.
If you don’t owe taxes or have no reason to think that you do:
• Contact the Treasury Inspector General for Tax Administration.
Use TIGTA’s “IRS Impersonation Scam Reporting” web page to report the incident.
• You should also report it to the Federal Trade Commission. Use the “FTC Complaint Assistant” on FTC.gov. Please add “IRS Telephone Scam” to the comments of your report.
If you think you may owe taxes:
• Ask for a call back number and an employee badge number.
• Call the IRS at 800-829-1040. IRS employees can help you.
In most cases, an IRS phishing scam is an unsolicited, bogus email that claims to come from the IRS. They often use fake refunds, phony tax bills, or threats of an audit. Some emails link to sham websites that look real.
The scammers’ goal is to lure victims to give up their personal and financial information. If they get what they’re after, they use it to steal a victim’s money and their identity.
If you get a ‘phishing’ email, the IRS offers this advice:
• Don’t reply to the message.
• Don’t give out your personal or financial information.
• Forward the email to phishing@irs.gov. Then delete it.
• Don’t open any attachments or click on any links. They may have malicious code that will infect your computer.
Stay alert to scams that use the IRS as a lure.
More information on how to report phishing or phone scams is available on IRS.gov.
